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Mounds View City Council November 22, 1999
<br />• Public Hearing Meeting Page 4
<br />comprise approximately 46 percent of the City's General Fund revenue, franchise fees are
<br />$195,000, which is approximately five percent of the City's revenue, and license and permit fees
<br />are approximately $120,000, or three percent of the City's total revenues.
<br />Finance Director Kessel stated there are two main sources of inter-governmental revenue, which
<br />include the Homestead and the Agricultural Credit, and also Local Government Aid, which in
<br />2000 is $1,324,000, or approximately 35 percent of the City's revenue.
<br />Finance Director Kessel indicated that other miscellaneous revenues, which include charges for
<br />such services as copy fees represents approximately $20,000, and fines and forfeitures, the
<br />majority of which come through the Police Department, are approximately $48,000. He noted
<br />there are also other revenues, such as interest and transfers from other funds.
<br />Finance Director Kessel advised that the Water and Sewer Funds pay for some of the City's
<br />administrative costs, and additionally there are some monies which come from the Vehicle and
<br />Equipment Fund, off of the cost of some of the equipment that is purchased. He indicated that
<br />for the year 1999, the total revenue of the City was $3,756,000, and the proposed Year 2000
<br />revenue is $3,832,000, a two percent increase.
<br />• Finance Director Kessel provided the Council with a graph, which further indicated the origin of
<br />the City's revenue sources. He explained that the major sources of revenue are general property
<br />taxes, at 45 percent, franchise fees, at approximately 5 percent, and intergovernmental revenue,
<br />at 35 percent.
<br />Finance Director Kessel provided an overview of the General Fund Outlays. He indicated the
<br />general government is comprised of the City Council, Administration, Central Services, Finance,
<br />and Community Development, and in the 2000, this budget decreases slightly from 1999. He
<br />stated Public Safety includes Police and Fire Protection, which increases approximately $35,000,
<br />and Streets and Highways, which increase to $452,000. Finance Director Kessel indicated that
<br />the Parks and Recreation budget increases slightly from 1999. He reiterated that the Debt
<br />Service for the Fire Bonds have continued to decrease by approximately $7,000 per year. He
<br />advised that the total 2000 Budget is $3,832,000, which is an approximate 2 percent increase
<br />over the 1999 budget.
<br />Finance Director Kessel provided the Council with a graph, which indicated there has been a
<br />$150,000 decrease in the cost of general government during the past two years, and there has
<br />been a slight increase in the area of public safety.
<br />Finance Director Kessel stated 28 percent of the City's budget is spent on general government,
<br />43 percent on public safety, 12 percent on streets and highways, 11 percent on parks and
<br />recreation, 2 percent on debt service for the fire bonds, and 4 percent for miscellaneous
<br />expenditures.
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