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11 City Council Regular Meeting Minutes August 1.4, 2007 Page 7 City Engineer Hubmer replied a database would be compiled on the compliance and non- compliant sump pumps and this would be available at August 28, 2007 meeting. Councilmcmber Horst questioned if the flow data information was available concerning the recent storm event. 8 City Engineer Hubmer replied he has not yet received that information. He stated he would 9 bring this to the August 28°i meeting. 10 11 GIS System 12 Mayor Faust asked if all the Ramsey and Hennepin County information is in the GIS system. 13 14 City Engineer Hubmer replied information continues to be entered into the system. 15 16 Mayor Faust stated he did not know of any other year that the City has touched so many projects. 17 He stated the public has been very cooperative and in that cooperation, City Staff needs to be 18 sensitive and continue the cooperative spirit. 19 20 City Engineer Hubmer expressed his appreciation for the patients of residents. 21 22 F. Financial Mana emenC Plan for the City of St. Anthony 23 24 Ms. Stacie Kvilvang defined the Financial Management Plan as a multi-year fiscal plan for all 25 tax -supported funds. She explained the Plan integrates existing debt, capital improvement plans, 26 future debt, tax based growth, and future operating expenses. 27 28 Ms. Stacie Kvilvang stated the Financial Management Plan identifies baseline needs for the 29 community for the next ten years and helps manage expectations. She explained that the Plan 30 helps maintain assets, reduces stress during the budgeting process, reduces reactivity amidst an 31 unpredictable fiscal environment and unfunded mandates, and rating agencies like multi-year 32 planning. 33 34 Ms. Stacie Kvilvang explained the Financial Management Plan treats budgeting as a multi-year 35 process rather than a snapshot one year at a time. She stated the Plan avoids tax rates that go up 36 one year and down the next and identifies appropriate levels of cash and bonds for capital needs. 37 38 Ms. Stacie Kvilvang reported the City of St. Anthony completed its last Financial Management 39 Plan in 2002. She stated the main issues identified at that time were the need for a new Fire 40 Station and a Public Works Facility. She stated the public participation process for development 41 and support for these facilities and the financing and construction of the new facilities were 42 completed in 2004. She indicated that since 2004, the City has concentrated on financing top 43 City Council goals annually. 44 45 Ms. Stacie Kvilvang stated the specific parameters for the 2007 Plan were to: review the City's 46 financial position; review the capital improvement plan and capital equipment needs with City 7