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2 3 4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 200 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 City Council Regular Meeting Minutes April 25, 2006 Page 2 F. Resolution 06-042; Accepting a monetary donation from Wal-Mart to St. Anthony Fire Department. Mayor Faust advised that Item E is to accept a monetary award from Hennepin County in the amount of $2,774.74, which helps defray the storm emergency costs for the City of St. Anthony. Item F is a monetary donation from Wal-Mart to the St. Anthony Fire Department in the amount of $2,500. Mayor Faust reviewed that last month, the City received a grant from Wal-Mart for the Police Department. These funds help those departments obtain the equipment they need to better serve St. Anthony residents. Motion by Councilmember Stille, seconded by Councilmember Horst, to approve the Consent Agenda items A through F. fft, 'It A v® PUBLIC HEARINGS. A. Public Hearin on 2007 Bud Yet. Mayor Faust opened the public hearing at 7:05 p.m. City Manager Mornson explained that this is the seventh year that St. Anthony has started the budget process in April and the public hearing tonight is on the 2007 budget. He noted the Finance Director has prepared a brief presentation to highlight the 2006 budget and 2007 budget. City Manager Mornson reviewed the 2007 budget schedule, noting the process actually started in January when the Council met for goal setting, financial strategies and planning. Tonight is the public hearing to allow residents with an opportunity to provide input. City Manager Mornson stated that during May to July he will be meeting with department heads to prepare the budget and the City Council will receive the first draft of the 2007 proposed operating budget at the August 8, 2006 work session. By September 12 the City needs to adopt a resolution setting the proposed budget and tax levy and set the date for the Truth in Taxation meetings. He explained that last year St. Anthony did not have a Truth in Taxation meeting because it was under the levy limitations but he is not sure what will be the case for next year. City Manager Mornson then presented the revenues and expenditures for the general fund as well as a graph depicting the percentages for revenue sources and expenditures. He pointed out that the largest revenue is the tax levy at 59.8%. The largest expenditures is the Police Department at 28.5% followed by Public Works at 18.1% and Contracts at 15.2%. City Manager Mornson explained that the tax levy is about 60% and that has gone up from 50% in previous years due to cuts in LGA. There being no public input, Mayor Faust closed the public hearing at 7:08 p.m. Mayor Faust noted the slide on the revenue source indicates that only 59.8% of the City's revenue comes from property taxes that makes up the $4.1 million budget. The rest is received from other sources. He commented that St. Anthony is fortunate to have those other revenue sources.