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City Council Regular Meeting Minutes August 27, 2019 Page 3 1 Finance Director Shelly Rueckert stated at the June 3, 2019 Council work session, the City 2 Council and staff reviewed the proposed 2020 debt levy and 2020 budget calendar. The debt levy 3 is comprised of the road improvement debt, lease revenue bonds, and tax abatement levies. Also 4 during the August 5, 2019 work session, the City Council reviewed the 2020 general fund 5 budget/levy, and proposed adjustments to the Housing Redevelopment Authority (HRA) levy, 6 capital improvement, and building improvement fund levies. Finance Director Rueckert 7 reviewed the components of the 2020 proposed preliminary levy, standard parameters for 8 preparing the general fund budget and levy, general fund budget and levy cost drivers, 9 expenditures, and revenues. 10 11 The HRA budget and levy cost driver is substantially personnel and professional costs with a 12 proposed levy increase for the HRA of 8.7% or $14,810. The 2020 debt related levies are 13 proposed to increase by $6,295 over the 2020 combined levies. The 2020 Capital Improvement 14 Program (CIP) and 2020 Building Improvement Levies are proposed to increase by $25,000 and 15 $5,000 respectively. CIP and Building Improvement levy increases align to the long-term capital 16 plan to maintain the replacement schedule. 17 18 It was noted the upcoming budget meetings will be September 10, 2019 City Council meeting 19 where staff will present the preliminary 2020 budget and property tax levy to the City Council 20 for approval. At this meeting, a resolution will need to be passed certifying the preliminary levy 21 to Hennepin and Ramsey Counties. The final presentation of the 2020 budget and property tax 22 levy is scheduled for the December 10, 2019 Council meeting. At that meeting, staff will present 23 a recap of the 2020 budget and the impact of the 2020 property tax levy. 24 25 Ms. Rueckert reviewed the 2020 Budget Parameters, the Path to the 2020 Tax Levy, General 26 Fund and Levy, 2020 General Fund Revenues, 2020 General Fund Expenditures, 2020 Budget — 27 Cost Drivers, 2020 Budget — Other Factors, 2020 Proposed Levies, Issuance of 2019A G.O. 28 Bonds, Impact of Debt Levy Relief, Summary of 2020 Budget, What Does the General Fund 29 Levy Support, Grants/Donations — Partnerships and Next Steps. Staff is proposing a 2020 30 overall levy of $7,609,458. The 2020 proposal represents an increase of $298,005 or a 4.08% 31 increase from 2019. 32 33 Councilmember Stille referred to the major drivers this year and noted most of the increase is for 34 salaries and union contracts. Councilmember Stille reviewed the process and noted there are 35 seven meetings a year relating to the budget. 36 37 City Manager Casey noted that all budget information is available on the City website. 38 39 Mayor Faust stated the budget is due in September and December. Mayor Faust described the 40 15-year replacement plan. 41 42 C. GreenCorp Update. 43 44 GreenCorp Member Minette Saulog provided her final update reviewing Summer Highlights, 45 State Fair Recap, Service Year Overview and What's Next. Ms. Saulog stated she has enjoyed 46 her time at St. Anthony and felt very supported by Council and City staff. Ms. Saulog's