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Mounds View City Council October 24,2011 <br /> • Regular Meeting Page 11 <br /> MOTION/SECOND: Gunn/Hull. To Approve the Consent Agenda as presented. <br /> Ayes—4 Nays—0 Motion carried. <br /> 9. JUST AND CORRECT CLAIMS <br /> Finance Director Beer answered the Council's questions related to claims. <br /> MOTION/SECOND: Gunn/Hull. To Approve the Just and Correct Claims as presented. <br /> Ayes—4 Nays—0 Motion carried. <br /> 10. APPROVAL OF MINUTES <br /> A. September 26,2011,City Council Meeting Minutes. <br /> MOTION/SECOND: Gunn/Hull. To Approve the September 26, 2011, City Council meeting <br /> minutes as presented. <br /> Ayes—4 Nays—0 Motion carried. <br /> • 11. REPORTS <br /> A. Reports of Mayor and Council. <br /> None. <br /> B. Reports of Staff. <br /> 1. Finance Third Quarter 2011 Report <br /> Finance Director Beer reviewed the Finance Third Quarter 2011 report for the quarter ending <br /> September 30th with the Council. He reviewed the market value homestead credit information <br /> available and noted the City received $116,000 for the first half of the year. Another payment <br /> from the State was anticipated in December, along with other State aids and credits. <br /> Finance Director Beer indicated most departments were under budget at this time. He stated the <br /> Community Center had a deficit of $127,000, which was due in part to unforeseen HVAC <br /> expenses and carpet cleaning. The banquet center revenues were up this year. He explained <br /> water revenues were down for the City due to the large amounts of rain received this summer. <br /> Finrx';c;Director Beer explained the ir.:Council expenses' to the C_: Dive been rcauc l slightly <br /> throug h I&I improvements. He noted the City would continue to work on this initiative. <br /> Overall, the City's investments were rinind little interest due to tL_; historically log T ,._t rest <br /> rotor a ailab o. toe asr.ur C!the Cored the Cdy'5, !_iveSt:._.n.t <br /> • <br />