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City Council Regular Meeting Minutes <br />September 8, 2015 <br />Page 3 <br />1 Motion by Councilmember Jenson, seconded by Councilmember Stille, to approve the Consent <br />2 Agenda items. <br />4 Motion carried unanimously. <br />5 <br />6 IV. PUBLIC HEARING <br />8 A. Resolution 15 -054 a resolution Setting the Proposed 2016 Tax Levy and General <br />9 Operating Budget for the City of St. Anthony Village. <br />10 <br />11 Mayor Faust opened the public hearing at 7:08 p.m. <br />12 <br />13 Ms. Shelly Rueckert presented at the August 25 City Council meeting, the City Staff presented <br />14 the proposed 2016 General Fund Operating Budget and the 2016 Overall levy. Ms. Rueckert <br />15 reviewed the 2016 Budget Calendar. Ms. Rueckert presented a power point presentation <br />16 summarizing the 2016 Proposed Budget. <br />17 <br />18 City Staff is reaffirming the proposed 2016 General Fund operating Budget as presented at an <br />19 amount totaling $6,936,342. The 2016 proposed Overall Levy increase is $219,075 or 3.76% <br />20 increase from 2015 is also reaffirmed. <br />21 <br />22 Ms. Rueckert presented the components of the 2016 proposed Overall Levy. <br />23 The parameters for preparing the General Fund Operating Budget and Levy includes: <br />24 <br />25 • City revenues budgeted using current run rates for sources that are subject to trends and <br />26 conservative baseline estimates for re- occurring aids and charges for services. <br />27 • Liquor transfer reduced to match current operating results. <br />28 • Expenses budgeted at amounts that will maintain present level of City services. <br />29 <br />30 Each year the General Fund revenue and expenditure budget line items are examined for changes <br />31 in expected collections /charges, labor adjustments, changes in contract rates, insurance rates, <br />32 utility costs, usage of various materials or needs, etc. The findings of this examination produce <br />33 the drivers associated with the proposed 1.93% increase in the General Fund Levy: <br />34 <br />35 • Personnel costs <br />36 • Contracted services <br />37 • Property and liability insurance costs <br />38 • Pass through costs <br />39 • Remaining budget line items combined <br />40 • Impact of a reduction in liquor profits available for transfer was phased in through the use <br />41 of one time fees and fund balance. <br />42 <br />43 The HRA budget and Levy contains cost drivers similar to the general fund. Conversely, this <br />44 fund does not have the same resources and transfers available in order to offset cost drivers. The <br />45 proposed Levy increase for the HRA is 5.56% or $7,388. <br />46 <br />