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PROCEEDINGS OF THE MOUNDS VIEW CITY COUNCIL <br />CITY OF MOUNDS VIEW <br />RAMSEY COUNTY, MINNESOTA <br />~ , ~ 2 Truth in Taxation Hearing <br />~~. ~ _, December 6, 1999 <br />'` ~~ ~ ~~ ~~~~ ~ Mounds View City Hall <br />°'` 1 Highway 10, Mounds View, MN 55112 <br />6:00 P.M. <br />CALL MEETING TO ORDER <br />ROLL CALL: Coughlin, Marty, Stigney, and Thomason. <br />NOT PRESENT: Quick. <br />1. Presentation of the Proposed Budget for the Year 2000. <br />Mayor Coughlin opened the Public Hearing at 6:02 p.m. <br />Finance Director Kessel stated several weeks ago, staff prepared the Mounds View Matters, and <br />included inserts relating to the City's 2000 Budget. He explained that the following presentation <br />is an overview of that material, and is similar to the presentation provided two weeks earlier. <br />Finance Director Kessel stated the City is comprised of several different funds, the main fund <br />being the General Fund, which is financed through property taxes and pays for the costs of <br />Administration, Streets and Street Maintenance, Police and Fire Protection, Community <br />Development, and Parks and Recreation. <br />Finance Director Kessel explained that the City's Special Revenue Funds dedicate sources of <br />revenue for a specific expenditure, and these include the Cable Television Fund, Economic <br />Development Fund, Recycling, Street Lighting, Surface Water and Lakeside Park <br />Finance Director Kessel explained there are several Debt Service Funds, which relate to the Tax <br />Increment Districts. He indicated the Capital Projects Fund, which is Municipal Aid for Streets, <br />provides construction dollars that can be held, and are required to be utilized within five years. <br />He explained that the Special Projects Fund represents approximately 1.4 million dollars, and the <br />interest on that amount is utilized to maintain the City streets, and to finance the Vehicle <br />Equipment Fund. <br />Finance Director Kessel stated the City has three Enterprise Funds, which operate similarly to a <br />business, in that the revenues are used to pay the expenses. He stated the Enterprise Funds <br />include the Water Fund, Wastewater Fund and the Golf Course Fund. <br />• Finance Director Kessel stated the operations that are financed through property taxes include <br />