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City Council Regular Meeting Minutes August 23, 2016 Page 4 1 Ramsey County, Hennepin County, and Washington County. It is a very large jurisdiction. 2 Councilmember Jenson thanked Mr. Hubmer for his coordination with all the groups. Mr. 3 Hubmer noted before the lake is drained the phosphorus will be removed. 4 5 Mayor Faust stated a number of things were needed to align, since five years ago when the 6 basements were flooded. 7 8 Motion by Councilmember Gray, seconded by Councilmember Brever, to approve Resolution 9 16 -062 a Resolution Awarding a bid for the Mirror Lake storm water Quality Improvements 10 11 Motion carried 5 -0 12 13 C. 2017 Budget Presentation 14 15 Finance Director Shelly Rueckert stated the City Council reviewed at their August 1, 2016 work 16 session the proposed 2017 preliminary levy, the General Fund revenues and expenses anticipated 17 for 2017, the 2017 -2023 capital equipment needs, and funding sources and the proposed 2017 18 Debt Levy. Staff is proposing a 2017 overall levy of $6,450,785, which represents an increase of 19 $399,973 or a 6.61% increase from 2016. 20 21 Ms. Rueckert reviewed the 2017 budget calendar and budget parameters. The 6.61 % levy 22 increase by fund type include Capital & Building Improvements 38 %, Debt Service 11 %, and 23 General and HRA 51 %. Ms. Rueckert reviewed the 2017 General Fund revenues and 2017 24 General Fund expenditures. 25 26 The 2017 Budget cost drivers include personnel costs: 72% of expenditures, overall costs up 27 $110,148 or 2.22 %. Contracted services: 8% of expenditures, overall costs up $108,369 and 28 Property and liability insurance costs: 4% of expenditures, overall costs up $12,017 or 4.94 %. 29 Pass through costs: 4% of expenditures, costs down $44,114 or 13.63 %. Remaining budget line 30 items combined: 12% of expenditures, net costs down $20,136 or 2.52 %. Revenue reductions in 31 tax increment Collections, fund transfers and reimbursed costs, overall reduction of $88,894. 32 33 Ms. Rueckert reviewed the 2017 proposed levy breakdown and issuance of debt/levy impact. In 34 closing Ms. Rueckert provided a summary of the 2017 Budget. The General Fund levy supports 35 the following City services: administration, police, fire, public works, finance and parks. 36 Grants/Donations — Partnerships since 1999 to date the City has received $19,885,190 in grants 37 and donations from local businesses /residents amounting to $2,218 per resident (based on 38 population of 8,965). 39 40 Ms. Rueckert noted at the September 13, 2016 City Council meeting, staff will present the 41 preliminary 2017 Budget and Property Tax Levy to the City Council for approval and a 42 resolution will need to be passed certifying the preliminary levy to Hennepin and Ramsey 43 Counties. The final presentation of the 2017 Budget and Property Tax Levy is scheduled for 44 December 13, 2016 at the City Council meeting. Staff will present a recap of the 2017 Budget 45 and the impact of the 2017 Property Tax Levy at that meeting. 46 47 VII. REPORTS FROM CITY MANAGER AND COUNCIL MEMBERS