Agenda Packets - 1993/11/01 - Laserfiche WebLink

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STAFF REPORT PAGE TWO NOVEMBER 1, 1993 Surface Water Management The surface water utility ordinance was recently approved. Rates approved will raise $114,808 in 1994. Expenditures include street sweeping, which was budgeted previously. The balance was put in capital outlay pending Council approval of projects to be undertaken. Park Improvement Fund Revenues anticipated for 1994 are park dedication fees from the Mounds View Business Park in the amount of $12,500. Expenditure of $12,500 for one-half the cost of a bridge for the Silver View Park trail have been budgeted. Cable TV Fund Franchise fees from cable fees of $40,800 are expected in 1994. These fees fund the televising of Council meetings, A View From The Mound, and other cable programming as well as the City's contribution the Cable Commission of $14,500. Recycling Grant Fund The City's recycling activities are funded by a grant from Ramsey County. For 1994 the City will receive $25,784. Recreation Activity Fund The City's recreation programming is accounted for in this fund. An excess of revenues over expenditures of $11,063 is forecast for 1994. Lakeside Park The operation of Lakeside Park is shared by the City and the City of Spring Lake Park. A contribution of $7,500 from each City is proposed for 1994. General Fund At the October Work Session Council directed staff to add a Housing Inspector Intern position to the budget. This added $19,059 to the Budget. The Fire Department's Budget was revised and the City's share is $12,382 less than originally budgeted. The seventh draft of the General Fund budget is $3,139,304. That amount is a 5.43% increase over the 1994 Budget. The dollar amount of property taxes levied is an increase of 8.54% over the 1993 levy. The property tax bill of the average homeowner would be $254.65. That bill is $52.50(25.97%) more than last year's bill. Staff awaits Council's direction on the 1994 Budget.