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2016 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />18 <br /> <br />The City includes its Financial Management Policy in the Annual Budget document which is <br />available on the City website. Keeping with Policy directives the City Council and Staff jointly <br />reviewed the larger and long term components of its current operations. <br /> <br />“PEAK TO PLA TEA U” <br />City Council and Staff again held workshops to review progress on the City’s Street improvement <br />program and the options available for the years remaining. This analysis included: <br /> Planning use of debt service funds beyond that needed for scheduled retirements <br /> Reviewing future construction costs adequacy <br /> Evaluating Streets reconstruction dates and options <br /> Identifying additional resources for the streets program <br />The process resulted in a reaffirmation of the scheduled reconstruction dates. Resources totaling <br />$371,141 were identified and assigned to mitigating the increase in the 2017 Road Debt Levy. The <br />Debt Levy reduction plan as developed will lower the unchecked high point of the levy until the <br />point the City net benefits from the retirement of prior road debt. <br /> <br />Peak to Plateau