Minutes - 2002/09/09 - Laserfiche WebLink

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Mounds View City Council September 9, 2002 Regular Meeting Page 6 • Ayes - 4 Nays - 0 Motion carried. G. Resolution 5827 Accepting the Annual Financial Report for the Year Ended December 31, 2001. Finance Director Hansen indicated that the Annual Financial Report was discussed at length at the August 19, 2002 work session and the report is before Council to officially accept the report and ratify the data. MOTION/SECOND: Quick/Stigney. To Waive the Reading and Approve Resolution 5827, a Resolution Accepting the Annual Financial Report for the Year Ended December 31, 2001. Ayes - 4 Nays - 0 Motion carried. H. Resolution 5837 Authorizing Certification of the Proposed General Fund Budget & Property Tax Levy for Fiscal Year 2003. Finance Director Hansen indicated the City is required to certify to Ramsey County by September 15, 2002, a preliminary property tax levy. He then indicated that, as the budget discussions proceed, that amount could be lowered but not raised. He further commented that due to the uncertainties with regard to state aid he would recommend certifying the maximum levy. Finance Director Hansen explained that due to a calculation related to the state aid funds for next year the promised increase forces the City to reduce its tax level below 2002. Council Member Stigney asked that Resolution 5837 be read. Finance Director Hansen read Resolution 5837. MOTION/SECOND: Quick/Thomas. To Approve Resolution 5837, a Resolution Authorizing Certification of the Proposed General Fund Budget & Property Tax Levy for Fiscal Year 2003. Council Member Stigney commented that the Resolution establishes the levy amount at $2,543,290. He then commented that Council, in the past, has not been too good at lowering the preliminary amount. Council Member Stigney suggested a friendly amendment to the motion to reduce the preliminary levy to $2,500,000. Council Member Quick did not accept the friendly amendment. •