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Mounds View City Council October 27, 2003 <br />Regular Meeting Page 16 <br /> <br />Finance Director Hansen indicated that the state allows cities to assess certain things but it is not 1 <br />a blanket authority to assess just anything. 2 <br /> 3 <br />Mayor Linke closed the public hearing at 9:10 p.m. 4 <br /> 5 <br />MOTION/SECOND: Marty/Stigney. To Waive the Reading and Approve Resolution 6125, a 6 <br />Resolution Adopting a Special Assessment Levy for Diseased Tree Removals. 7 <br /> 8 <br /> Ayes – 5 Nays – 0 Motion carried. 9 <br /> 10 <br /> J. Finance Department Quarterly Report 11 <br /> 12 <br />Finance Director Hansen provided a brief overview of his quarterly report for Council indicating 13 <br />that he feels there will be a balanced budget at year-end. 14 <br /> 15 <br />Council Member Marty asked what the unused fund balance from the EDA for 2002 is. 16 <br /> 17 <br />Finance Director Hansen indicated the amount of the balance relates to the Edgewood pond 18 <br />project and there is a timing issue in receiving state grants that were promised but did not come 19 <br />in and that balance is $210,000. 20 <br /> 21 <br />Council Member Marty asked whether the 475% for fire permits is a good thing. 22 <br /> 23 <br />Finance Director Hansen indicated the budget was $200.00 and the actual is $950 so that is 4.5 24 <br />times the budget. 25 <br /> 26 <br />Council Member Marty asked where the transfer for miscellaneous revenue comes from. 27 <br /> 28 <br />Finance Director Hansen indicated that several different funds but this year from the vehicle and 29 <br />equipment fund. 30 <br /> 31 <br />Council Member Marty commented that on the street light charges revenues the budget is 32 <br />$81,250 and the City collected $49,500 and that is not close to meeting this years projections. 33 <br /> 34 <br />Finance Director Hansen indicated that it is a little closer than that number indicates because of a 35 <br />timing issue in terms of when the rate increase went into effect. 36 <br /> 37 <br />Council Member Marty asked where revenues are now for the YMCA as it is budgeted for 38 <br />$20,000. 39 <br /> 40 <br />Finance Director Hansen indicated that the City receives that information in January from the 41 <br />YMCA. 42 <br /> 43 <br />Council thanked Staff for the report 44 <br /> 45