Laserfiche WebLink
City Council Regular Meeting Minutes <br /> April 23, 2002 <br /> Page 11 <br /> • Capital Equipment: <br /> ment: <br /> P 4 <br /> • Funding gaps. <br /> • Funding options. <br /> "Big Ticket" Capital Equipment: <br /> • Funding gaps. <br /> • Funding options. <br /> City of St. Anthony Key Financial Strategies General Fund: <br /> 2003 <br /> o Revenue: $3,731,616. <br /> o Expenditures: $3,805,800. <br /> o Gap: ($74,184). <br /> 2004 <br /> o Revenue: $3,850,531. <br /> o Expenditures: $4,003,100. <br /> o Gap: ($152,569). <br /> 2005 <br /> o Revenue: $3,997,697. <br /> o Expenditures: $4,212,900. <br /> • o Gap: ($215,203). <br /> 2006 <br /> o Revenues: $4,125,403. <br /> o Expenditures: $4,436,100. <br /> o Gap: ($310,697). <br /> Prosser stated that the statistics posted are not something to panic about because all of the <br /> trends will not remain the same. Rather, he indicated that, compared to other cities, it is <br /> quite manageable. <br /> City of St. Anthony Key Financial Strategies General Fund: <br /> Options: <br /> • Adjust user fees: Fees for service should cover cost of service and should be <br /> adjusted annually to reflect increased costs. <br /> • Increase tax levy: Adjust tax levy to reflect costs of service. <br /> • Administrative service fees: Cost of administrative support for non-general funds <br /> should be fully reimbursed and adjusted annually. <br /> • Developer contributions: Developer contributions for various improvements. <br /> • Assess seal-coating: Assessments to the benefiting residents. <br /> • Establish fees for medical calls: Fees would be collecting by those who require <br /> the service. <br /> • • Establish street light utility fund: Collect revenues to offset the street light energy <br /> charge and to provide for future street light replacement and repair. <br /> • Private property snowplowing fees: Collect revenues for private property owners <br /> who receive city funded snowplowing service. <br />