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Mounds View City Council October 24, 2011 <br />Regular Meeting Page 12 <br /> <br />Finance Director Beer stated building permits were up slightly over last year. This was a good 1 <br />sign for the City, but additional time was still needed to bring the economy back to where they 2 <br />were. The unemployment rate continued to hover either 7% for the State of 9% for the whole 3 <br />country. 4 <br /> 5 <br />Finance Director Beer noted the Finance Department would be busy completing the 2012 budget 6 <br />in the 4th Quarter and would be holding the Truth in Taxation hearing. Staff would also be 7 <br />preparing the insurance policy for next year. 8 <br /> 9 <br />Finance Director Beer explained that after attending a training session he was informed the City 10 <br />would need to approve a Fund Balance Policy. He noted he would be bringing this information 11 <br />to the Council at a future meeting. 12 <br /> 13 <br />Mayor Flaherty thanked Staff for the detailed finance presentation. 14 <br /> 15 <br />City Administrator Ericson asked if the Council would like to review the full budget at the 16 <br />November 7th work session meeting. Finance Director Beer stated the final review typically took 17 <br />place in December, but the Council could take an additional meeting to discuss the information. 18 <br /> 19 <br />Mayor Flaherty did not feel it was necessary to review the information in November. He 20 <br />encouraged the Council to speak with Staff with any concerns. The Council was in agreement. 21 <br /> 22 <br />City Administrator Ericson questioned if the Council was in agreement to hold an executive 23 <br />session prior to the November 7th work session to discuss labor negotiation issues. The Council 24 <br />was in agreement. 25 <br /> 26 <br />C. Reports of City Attorney. 27 <br /> 28 <br />City Attorney Riggs had nothing additional to report. 29 <br /> 30 <br />12. Next Council Work Session: Monday, November 7, 2011, at 7:00 p.m. 31 <br />Next Council Meeting: Monday, November 14, 2011, at 7:00 p.m. 32 <br /> 33 <br />13. ADJOURNMENT 34 <br /> 35 <br />The meeting was adjourned at 9:33 p.m. 36 <br /> 37 <br />Transcribed by: 38 <br /> 39 <br />Heidi Guenther 40 <br />TimeSaver Off Site Secretarial, Inc. 41