CC MINUTES 04252006 - Laserfiche WebLink

Home Browse Search

City Council Regular Meeting Minutes April 25, 2006 Page 2 F. Resolution 06 -042• Accepting a monetary donation from Wal-Mart to St Anthony Fire Department. 4 Mayor Faust advised that Item E is to accept a monetary award from Hennepin County in the 5 amount of $2,774.74, which helps defray the storm emergency costs for the City of St. Anthony. 6 Item F is a monetary donation from Wal -Mart to the St. Anthony Fire Department in the amount 7 of $2,500. Mayor Faust reviewed that last month, the City received a grant from Wal -Mart for 8 the Police Department. These funds help those departments obtain the equipment they need to 9 better serve St. Anthony residents. 10 11 Motion by Councilmember Stille, seconded by Councilmember Horst, to approve the Consent 12 Agenda items A through F. 13 14 Motion carried unanimously. 15 16 IV. PUBLIC HEARINGS. 17 A. Public Hearing on 2007 Budget. 18 19 Mayor Faust opened the public hearing at 7:05 p.m. 20 21 City Manager Morrison explained that this is the seventh year that St. Anthony has started the 22 budget process in April and the public hearing tonight is on the 2007 budget. He noted the 23 Finance Director has prepared a brief presentation to highlight the 2006 budget and 2007 budget. 24 City Manager Morrison reviewed the 2007 budget schedule, noting the process actually started in 25 January when the Council met for goal setting, financial strategies and planning. Tonight is the 26 public hearing to allow residents with an opportunity to provide input. City Manager Morrison 27 stated that during May to July he will be meeting with department heads to prepare the budget 28 and the City Council will receive the first draft of the 2007 proposed operating budget at the 29 August 8, 2006 work session. By September 12 the City needs to adopt a resolution setting the 30 proposed budget and tax levy and set the date for the Truth in Taxation meetings. He explained 31 that last year St. Anthony did not have a Truth in Taxation meeting because it was under the levy 32 limitations but he is not sure what will be the case for next year. 33 34 City Manager Morrison then presented the revenues and expenditures for the general fund as well 35 as a graph depicting the percentages for revenue sources and expenditures. He pointed out that 36 the largest revenue is the tax levy at 59.8 %. The largest expenditures is the Police Department at 37 28.5% followed by Public Works at 18.1% and Contracts at 15.2 %. City Manager Morrison 38 explained that the tax levy is about 60% and that has gone up from 50% in previous years due to 39 cuts in LGA. 40 41 There being no public input, Mayor Faust closed the public hearing at 7:08 p.m. 42 43 Mayor Faust noted the slide on the revenue source indicates that only 59.8% of the City's 44 revenue comes from property taxes that makes up the $4.1 million budget. The rest is received 45 from other sources. He commented that St. Anthony is fortunate to have those other revenue 46 sources. 47