Laserfiche WebLink
City Council Regular Meeting Minutes <br />August 25, 2015 <br />Page 3 <br />1 quality and water quantity. This will affect more than just the residents of Mirror Lake. This has <br />2 been an outstanding project. <br />4 Motion by Mayor Faust, seconded by Councilmember Stille, to adopt Resolution 15-051 a <br />5 Resolution Authorizing Execution of a Cooperative Agreement between the City of St. Anthony <br />6 and the Rice Creek Watershed District for the Construction, Operation and Maintenance of the <br />7 Mirror Pond Project Component of the Petitioned Basic Water Management Project 2013-01. <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />Motion carried unanimously. <br />B. 2016 Budget Presentation <br />Finance Director Shelly Rueckert reviewed at the July 31, 2015 work session, the City Council <br />and Staff reviewed the proposed 2016 General Fund Operating Budget and the 2016 Overall <br />levy. Additionally a public hearing was held April 28, for public input on the budget process. <br />Based on discussions with the Council, Staff is proposing a 2016 General Fund Operating <br />Budget totaling $6,936,342. The 2016 proposed Overall Levy increase is $219,075 or a 3.76% <br />increase from 2015. <br />The components of the 2016 proposed Overall Levy are as follows: <br />Amount <br />Increase/Decrease <br />General Fund <br />$3,385,370 <br />$64,160 <br />CIP <br />$80,990 <br />$30,990 <br />Road Improvement Debt <br />$1,828,848 <br />$37,123 <br />Lease Revenue Bonds <br />$387,322 <br />$4,450 <br />HRA Lev <br />$140,170 <br />$7,388 <br />Tax Abatement <br />$155,112 <br />$1,964 <br />Building Improvement <br />$73,000 <br />$73,000 <br />$6,050,812 <br />$219,075 <br />The parameters for preparing the General Fund Operating budget and Levy includes: <br />• City revenues budgeted using current run rates for sources that are subject to trends and <br />conservative baseline estimates for re -occurring aids and charges for services. <br />• Liquor transfer reduced to match current operating results. <br />• Expenses budgeted at amounts that will maintain present level of City services. <br />Each year the General Fund revenue and expenditure budget line items are examined for changes <br />in expected collections/charges, labor adjustments, changes in contract rates, insurance rates, <br />utility costs, usage of various materials or needs, etc. The findings of this examination produce <br />the drivers associated with the proposed 1.93% increase in the General Fund Levy — see below: <br />Personnel costs — 73% of expenditures, overall costs up 2.92% <br />o Union contract increases 2.5% <br />o Health Insurance premiums up 11.5% <br />o Union Longevity, Steps, shared HR, Workman's compensation rates <br />Contracted services — 9% of expenditures, overall costs up 3.05% <br />