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City Council Regular Meeting Minutes September 14, 2021 Page 2 A. Resolution 21-066; a Resolution Setting the Proposed 2022 Tax Levy and General 1 Operating Budget for the City of St. Anthony Village. 2 3 Mayor Stille opened the public hearing at 7:06 p.m. 4 5 Finance Director Shelly Rueckert reviewed the 2022 Budget Calendar in detail. Ms. Rueckert 6 reviewed at the August 24, 2021 City Council Meeting, the City Staff presented the proposed 7 2022 General Fund Operating Budget and the 2022 Overall Levy. Staff has affirmed the 8 proposed 2022 overall levy is $8,243,092, which represents an increase of $377,497 or a 4.8% 9 increase compared to the 2021 overall levy. A table showing the increases from 2021 to 2022 10 was provided for the Council. 11 12 Ms. Rueckert showed the Path to the 2022 Tax Levy chart and reviewed it in detail. The final 13 step in the 2022 Budget Calendar is on December 14, 2021 a public hearing for presentation of 14 the 2022 Operating Budget and Levy with Public Input, along with adoption of the 2022 15 Operating Budget and Property Tax. The 2022 budget parameters include: City revenues 16 budgeted using current run rates for sources that are subject to trends and conservative baseline 17 estimates for re-occurring aids and charges for services; expenses budgeted at amounts that will 18 maintain present level of City services; and liquor transfers are based on liquor operating results. 19 20 The 2022 overall levy by fund type consists of 64% General/HRA; 30% Debt Service; and 6% 21 Capital & Building Improvements. The 2022 general fund revenues consist of 65% Tax Levy; 22 13% Intergovernment Revenue; 12% Contracts; 5% Licenses, Permits, Fines; 3% Transfers and 23 2% Miscellaneous. The 2022 general fund expenditures consist of 47% Police; 17% Fire; 11% 24 Public Works; 10% Administration; 7% All Other; 4% Parks and 4% Finance. 25 26 Ms. Rueckert reviewed the 2022 Budget Cost Drivers. Personnel costs: 70.5% of expenditures, 27 overall costs up $229,900 or 4.24%. Contracted services: 11.0% of expenditures, overall costs 28 up $38,217. Insurance costs: 4.4% of expenditures, overall higher by $3,321. Pass through costs: 29 2.2% of expenditures, costs up $1,325. Remaining budget line items combined total $953,210 or 30 11.9% of expenditures, costs up $69,481. 31 32 The 2022 Proposed Levies were reviewed along with the Issuance of 2021A G.O. Bonds and the 33 impact of Deby Levy Relief. These G.O. bonds funded Street Reconstruction and Utilities 34 replacement on Skycroft Drive from 33rd Avenue to 32nd Avenue and Croft Drive from 33rd 35 Avenue to 32nd Avenue. The bonds also funded mill and overlays on 4 City streets. In 2014, the 36 City started an impact of debt levy relief program. 37 38 Ms. Rueckert provided a summary of the 2022 budget. The general fund levy supports 39 administration, police, fire, public works, finance and parks. She noted in 2021, the average 40 homeowner paid $1,313.66 for City services for a home valued at $338,000 which amounted to 41 $109.47/month. 42 43 Since 1999, the City has been awarded $33,677,853 in grants and donations from local 44 businesses/residents. This is $3,647 per resident based on a population of 9,234. 45 46 6