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1 <br /> <br />City of Mounds View Strategic Plan <br />Spring 2025 Update <br />For the <br />2026-28 Strategic Plan <br /> <br />WHO WE ARE (No Changes) <br />WHERE WE ARE GOING (Completed) <br />HOW WE GET THERE <br />Vision: <br />FINANCIAL STABILITY, STRUCTURALLY BALLANCED BASED ON TRADITIONAL SOURCES THAT FUND THE <br />NEEDS OF THE COMMUNITY WITHOUT RELYING ON THE LEVY REDUCTION BALANCE ASSIGNED WITHIN <br />THE GENERAL FUND AND LGA <br />Strategy: <br />Keep the same level of service while being fiscally responsible. <br />Reduce the Maintain General Fund deficit spending and balanced budget fund balanced to a fund <br />balance of 50% of total budget in order to reduce the reliance on the levy reduction fund. <br />Continue planning for major capital expenses by transferring end-yr balances. <br />Beginning Value Current Value Target/End Value <br />$6.5 mill $4,835,391 (Note: Decertify TIF 2033) Make <br />assigned value last as long as <br />possible <br /> <br />GOALS: <br />Goals Start Value Current Value Target Value <br />Enhance Revenue <br />Sources: Without <br />relying on property. <br />Taxes & keep taxes <br />reasonable and <br />accountable. <br /> <br />NOTE: Franchise fee <br />revenue can only <br />increase with more <br />development of <br />housing and businesses <br />Franchise fee $295,000 <br />Other fees & charges <br />$635,000 <br />Franchise fee $326,000 <br />Other fees & charges <br />$727,000 <br />Franchise fee $335,000 <br />Other fees & charges <br />$750,000 <br />Prioritize Services: <br />eliminate low priority <br />services <br />ID by department ID by department ID by department