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Mounds View City Council October 24, 2011 <br />Regular Meeting Page 11 <br /> <br /> 1 <br />MOTION/SECOND: Gunn/Hull. To Approve the Consent Agenda as presented. 2 <br /> 3 <br /> Ayes – 4 Nays – 0 Motion carried. 4 <br /> 5 <br />9. JUST AND CORRECT CLAIMS 6 <br /> 7 <br />Finance Director Beer answered the Council's questions related to claims. 8 <br /> 9 <br />MOTION/SECOND: Gunn/Hull. To Approve the Just and Correct Claims as presented. 10 <br /> 11 <br /> Ayes – 4 Nays – 0 Motion carried. 12 <br /> 13 <br />10. APPROVAL OF MINUTES 14 <br />A. September 26, 2011, City Council Meeting Minutes. 15 <br /> 16 <br />MOTION/SECOND: Gunn/Hull. To Approve the September 26, 2011, City Council meeting 17 <br />minutes as presented. 18 <br /> 19 <br /> Ayes – 4 Nays – 0 Motion carried. 20 <br /> 21 <br />11. REPORTS 22 <br />A. Reports of Mayor and Council. 23 <br /> 24 <br />None. 25 <br /> 26 <br /> B. Reports of Staff. 27 <br />1. Finance Third Quarter 2011 Report 28 <br /> 29 <br />Finance Director Beer reviewed the Finance Third Quarter 2011 report for the quarter ending 30 <br />September 30th with the Council. He reviewed the market value homestead credit information 31 <br />available and noted the City received $116,000 for the first half of the year. Another payment 32 <br />from the State was anticipated in December, along with other State aids and credits. 33 <br /> 34 <br />Finance Director Beer indicated most departments were under budget at this time. He stated the 35 <br />Community Center had a deficit of $127,000, which was due in part to unforeseen HVAC 36 <br />expenses and carpet cleaning. The banquet center revenues were up this year. He explained 37 <br />water revenues were down for the City due to the large amounts of rain received this summer. 38 <br /> 39 <br />Finance Director Beer explained the Met Council expenses to the City have been reduced slightly 40 <br />through I&I improvements. He noted the City would continue to work on this initiative. 41 <br />Overall, the City’s investments were gaining little interest due to the historically low interest 42 <br />rates available. He assured the Council the City’s investments were extremely secure. 43 <br /> 44