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City Council Regular Meeting Minutes December 13, 2011 Page 3 2 Ms. Kvilvang stated that this was correct. 4 Motion by Councilmember Roth, seconded by Councilmember Stille, to approve Resolution 11- 5 080; Relating to $2,210,000 General Obligation Refunding Bonds, Series 2011 B; Awarding the 6 Sale, Fixing the Form and Details and Providing for the Execution and Delivery Thereof and 7 Security Therefor and Levying Ad Valorem Taxes for the Payment Thereof. V Motion carried 4 -0. 10 11 B. Resolution 11 -081, Setting the City of St. Anthonv's 2012 General Operating Bud eg t and 12 Property Tax Levy. Roger Larson, Finance Director, presenting 13 14 Finance Director Larson presented the proposed 2012 General Operating Budget totaling 15 $5,498,650 and proposed 2012 General Operating Levy totaling $3,045,166. He discussed the 16 City's budget meetings held this year which includes financial planning, prioritization of capital 17 equipment purchases, and review of affordability of services. He stated the City's 2012 budget 18 parameters used a three -year averaging method, provide for salary increases of 1 %, and a $100 19 per month increase in family health insurance. He indicated the 2012 General Fund budget 20 represents a 0.38% increase, or $20,650, over the 2011 budget and the 2012 General Operating 21 Levy represents a $99,655 increase over 2011. He pointed out that the City's Property Tax Levy 22 remained the same in 2009, 2010, and 2011. He reviewed the 2012 General Fund revenues 23 compared to 2011 revenues as well as the 2012 General Fund expenditures. He discussed the 24 proposed 2012 Property Tax Levy and allocation of property tax dollars. He stated that a median 25 taxable valuation of $223,000 will pay $3,933.11 in property taxes with the City's portion 26 representing $1,382.85. He explained that the average cost for road improvements in 2012 is 27 $405.92 and the average cost for all City services is $823.65. He indicated that the City's 28 Capital Equipment budget for 2012 is $409,200 and has no impact on the Property Tax Levy 29 because capital equipment is funded by other revenue sources, including liquor profits, grants, 30 and interest earnings. He noted that the City has received over $15 million in grants and 31 donations since 1999. He stated that $400,000 will be transferred to the General Fund and 32 Capital Equipment Fund from the City's liquor operations. He advised that the City's fire and 33 liquor non -union contract negotiations have been completed and negotiations with the police and 34 public works unions are pending. He encouraged residents to contact him with any questions. 35 36 Councilmember Stille stated that the City's use of a three -year averaging method does not mean 37 that the City averages what it has spent over the last three years. He indicated that the City 38 Council challenges almost every line item in the budget and requires staff to justify the City's 39 expenditures and capital improvement purchases. 40 41 Finance Director Larson stated that the City uses the three -year averaging method as a 42 benchmark in preparing its budgets and all departments are required to justify their expenditures. 43 44 Councilmember Jenson requested further information regarding the 2012 total Property Tax 45 Levy increase of 4.8 %. 46