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