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CITY OF MOUNDS VIEW
SPECIAL CITY COUNCIL MEETING AGENDA
MOUNDS VIEW CITY HALL
Monday, December 1, 2014
6:00 PM
1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. ROLL CALL: Flaherty, Gunn, Hull, Meehlhause, Mueller
4. APPROVAL OF AGENDA
5. PUBLIC INPUT:
Citizens may speak to issues not on tonight’s agenda. Before speaking, please give
your full name and address for the minutes. Also, please limit your comments to three
minutes.
6. SPECIAL ORDER OF BUSINESS
7. COUNCIL BUSINESS
A. Truth in Taxation
8. Next Council Work Session: After this meeting
Next Council Meeting: Monday, December 8, 2014, at 7pm
9. ADJOURNMENT
Item No: 7.A.
Meeting Date: December 1, 2014
Type of Business: Truth in Taxation
Administrator Review: _____
City of Mounds View Staff Report
To: Honorable Mayor and City Council
From: Mark Beer, Finance Director
Item Title/Subject: Truth in Taxation Meeting
Attached is the Truth in Taxation presentation which covers those funds that receive tax
revenues from the City-wide tax levy. (General Fund and Street Improvement Fund)
The City Council adopted a 2% preliminary levy increase for 2015 back in September.
There have been some minor changes from the preliminary budget as more accurate
information has become available. The preliminary General Fund budget reflected
expenditures of $6,300,454. The current proposed budget reflects expenditures of
$6,366,744. The increase was due to an increase of $90,014 for police records
management and e-ticketing systems, carryover of the election equipment purchase of
$36,000, Festival budget increase of $5,000, and transfer to Special Projects of
$49,079. There were some reductions in fire ($52,358) and adjustments to personnel
and health insurance costs ($71,073). The City Council will continue to use $250,000
from levy reduction “assigned” fund balance.
Looking forward to 2015, state budget projections show a small surplus for the current
budget period. That means that there will probably not be any cuts to the late
December LGA payment. The 2015 LGA payment is certified by the Department of
Revenue at $655,951. The 2015 General Fund budget was constructed using 90% of
certified LGA as a precaution from changes at the state level. The revenue forecast will
come out in early December and again in early February. The next legislative session
will be a budget session with indications that infrastructure will be the primary focus and
how to finance it. Staff welcomes any comments or questions.
Respectfully Submitted,
Mark Beer