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Mounds View City Council December 11, 2023 Regular Meeting Page 7 the $4 million change to the fund balance. Finance Director Bauman provided the Council with further information regarding the City’s fund balances. She explained there were several fund balances that will need additional funding before projects were approved. She noted that these fund balances were looked at by staff and the City Council prior to moving forward with projects. Mayor Lindstrom explained the increase in public works funding was due to the hiring of a new employee and from the new wage scale. Ayes – 4 Nays – 0 Motion carried. MOTION/SECOND: Meehlhause/Cermak. To Waive the Reading and Adopt Resolution 9832, Approving the 2024 EDA Tax Levy. Council Member Meehlhause reported his question regarding the EDA levy was raised to make it clear to the public that prior to 2017 the City did not have an EDA levy. He discussed how three previous TIF districts use to fund economic development, but since these districts have expired, the City has put a levy in place. Ayes – 4 Nays – 0 Motion carried. MOTION/SECOND: Gunn/Cermak. To Waive the Reading and Adopt Resolution 9833, Adopting 2024 Municipal Budget. Ayes – 4 Nays – 0 Motion carried. H. Resolution 9834, Accepting and Allocating American Rescue Plan Act Funding. Finance Director Bauman requested the Council accept and allocate American Rescue Plan Act funding. She reported the City received ARPA funds in 2021 and 2022. She discussed the ARPA allocations that were made in 2021 and 2022, noting this was the final allocation for these federal funds. She explained the funds were broken up into three separate years in order to avoid the Single Audit Act. She reported the final report would be filed with ARPA in April of 2024. Council Member Gunn asked where these funds would be allocated. Finance Director Bauman reported these funds would be placed in the General Fund. MOTION/SECOND: Meehlhause/Cermak. To Waive the Reading and Adopt Resolution 9834, Accepting and Allocating American Rescue Plan Act Funding. Ayes – 4 Nays – 0 Motion carried. I. Resolution 9843, Adopting Title and Ballot Language Pertaining to Proposed Amendment to the City of Mounds View Charter and Ordering Special Election.