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HomeMy WebLinkAboutCC WS PACKET 08222023CITY OF SAINT ANTHONY VILLAGE WORKSESSION AGENDA Tuesday, August 22, 2023 at 5:45PM Join Meeting via Zoom There is also a dial -in option available. Members of the public who wish to attend the meeting may do so in person. Minutes Minutes WS 8 -8 -23.PDF Worksession Topics Fire Relief Pension Fund COVER MEMO.PDF 2023 PENSION INCREASE LETTER TO COUNCIL.PDF COST ANALYSIS REPORT.PDF Fund Balance Review PRESENTATION.PDF Future Worksession Dates, Times And Agenda Items Future Agenda Items FUTURE AGENDA ITEMS.PDF Adjournment If you would like to request special accommodations or alternative formats, please contact the City Clerk at 612 -782 -3313 or email city@savmn.com . People who are deaf or hard of hearing can contact us by using 711 Relay. Our Mission is to promote a high quality of life to those we serve through outstanding city services. 1. A. Documents: 2. A. Documents: B. Documents: 3. A. Documents: 4. CITY OF SAINT ANTHONY VILLAGEWORKSESSION AGENDATuesday, August 22, 2023 at 5:45PMJoin Meeting via ZoomThere is also a dial -in option available. Members of the public who wish to attend the meeting may do so in person. MinutesMinutes WS 8 -8 -23.PDFWorksession TopicsFire Relief Pension FundCOVER MEMO.PDF2023 PENSION INCREASE LETTER TO COUNCIL.PDFCOST ANALYSIS REPORT.PDFFund Balance ReviewPRESENTATION.PDFFuture Worksession Dates, Times And Agenda ItemsFuture Agenda ItemsFUTURE AGENDA ITEMS.PDF Adjournment If you would like to request special accommodations or alternative formats, please contact the City Clerk at 612 -782 -3313 or email city@savmn.com . People who are deaf or hard of hearing can contact us by using 711 Relay. Our Mission is to promote a high quality of life to those we serve through outstanding city services. 1.A.Documents:2.A.Documents:B.Documents:3.A.Documents: 4. City of St. Anthony CITY COUNCIL WORK SESSION Minutes August 8, 2023 Present: Mayor & Council: Randy Stille, Mayor, Bernard Walker, Jan Jenson, Thomas Randle, Wendy Webster, Councilmembers Staff: Charlie Yunker, City Manager, Shelly Rueckert, Finance Director, Jeff Spiess, Police Captain Call to Order: Mayor Stille called the Work Session to order at 6:00 p.m. Updated Levy Scenarios/Detailed General Fund Budget: Finance Director Rueckert reviewed the updated preliminary levy scenario that includes the recommendations made by staff at the previous work session on the 2024 levy scenarios that included staff cost of living adjustments and police staffing needs. Rueckert described the additional information gathered since the July 11th work session that refined the revenues and expenses. From the initial scenario being a 6.38% levy increase for 2024, the revised scenario results in a 5.80% levy increase. This also included a review of the cash position for the liquor operation, and the future anticipated usage of some of the money in the fund for store rehabilitation needs after 20 years of operation since the locations opened. Council discussed the proposed budget and noted that the bulk is personnel related for the retention and recruitment of staff, and maintaining and expanding the capabilities of the Police Department. Council was supportive of the proposed budget and thanked staff for the work to draft the budget. Staff will bring the full presentation to the August 22, 2023 regular City Council meeting, with any minor revisions needed but do not anticipate a change in the proposed levy increase. Future Work Sessions: Next Work Session will be held on September 12th, 2023, at 5:45pm in the Council Chambers. Adjournment: The meeting adjourned at 6:18 p.m. Respectfully submitted by Charlie Yunker, City Manager. REQUEST FOR COUNCIL CONSIDERATION Meeting Date: August 22nd, 2023 Resolution-Ratifying the Pension Benefits for the St. Anthony Village Firefighters Relief Association. OVERVIEW: In front of you this evening is a request from the St. Anthony Fire Department Relief Association (SAFDRA) for the approval of an increase in pension benefit level from $3,800 to $4,200 (see SAFDRA letter attached). Staff has reviewed the SAFDRA’s model which calculates funding levels using an escalating benefit. This modeling process is according to SAFDRA policy and has been in practice for several years. The SAFDRA’s model uses the State’s computation of pension liability and therefore is conservative a practice for determining benefit level increases. Allowing for a benefit level increase to $4,200 still yields a healthy projected surplus of $344,256. Staff recommends that the Mayor and City Council approve the request for an increase in 2024 to a benefit level of $4,200. Respectfully, Mark Sitarz Fire Chief Shelly Rueckert Finance Director SAINT ANTHONY VILLAGE FIREFIGHTER’S RELIEF ASSOCIATION 3505 Silver Lake Road Saint Anthony Village, Minnesota 55418 Thursday, August 17, 2023 Mayor and Councilmembers; Each year the St. Anthony Fire Department Relief Association (SAFDRA) reviews its financial position to determine if the existing benefit level should be adjusted according to its policy. For 2024, a change to increase the benefit level was determined by this process. Background: In 2020, the SAFDRA moved its investments from a private firm to the Statewide Volunteer Firefighter Plan (SVP) which is managed by the State Board of Investments (SBI). This has been common practice among many fire relief associations. This move provided the SAFDRA with significant savings tied to large investment fees, accounting costs, and actuarial costs. In the past, the SAFDRA would have been required to get an outside actuarial report to review its current level of funding and to determine if an increase in the pension amount should be considered. However, with this move to the SVP, that review is now performed directly by the State itself. This allows the SAFDRA to utilize an Accounting Officer through the State of MN to do the research and make a recommendation at no additional charge. The State’s computation of pension liability is a conservative practice. It takes projected liabilities and projected assets to determine a surplus or deficit as well as a funding ratio. The result from the accounting officer determined that a $400 increase would still keep the pension plan at a funding ratio of 132%. Therefore, I recommend that the Mayor and City Council approve $4,200 as the 2024 benefit level reflecting a previous increase from 2020. Thank you for your consideration in the matter, Michael Culhane Michael Culhane Treasurer St. Anthony Fire Department Relief Association 8/17/2023 1 FUND BALANCE REVIEW 8/22/2023 GENERAL FUND BALANCE •What is Fund Balance? •Why is it important to monitor? •Fund Balance Policy provides directions to determine Fund balance and sets the range of fund balance to maintain. 8/17/2023 2 KEY COMPONENTS OF CURRENT POLICY Minnesota State Auditor’s office recommends that Cities maintain  their unassigned General Fund balance at 35‐50%. Current policy  reflects State Auditor’s recommend range.  If the audited General Fund Balance exceeds policy defined upper  range of 50%, policy options include:  Reset Fund Balance after Audit, begins the new year with a fund balance  in the range of 42.5% ‐50% based on the Council’s discretion  Transfer  excess fund balance, if any, to capital / special revenue funds  based on City Council guidance  Retain a Fund Balance in excess of 50% FUND BALANCE RE-SET ILLUSTRATIONS 42.5% 45% 47.5% 50% Actual Actual Actual Actual 2023 Budgeted Expenditures 8,774,588$ 8,774,588$ 8,774,588$ 8,774,588$ Less Police and Finance contracts 913,072 913,072 913,072 913,072 Net 2023 Budgeted Expenditures 7,861,516 7,861,516 7,861,516 7,861,516 Unassigned Fund Balance @ 12/31/2022 A 3,840,170$ 3,840,170$ 3,840,170$ 3,840,170$ 2022 Ending Fund balance % 49% 49% 49% 49% Minimum fund balance range 35-50% Opening 2022 Fund Balance (reset to 42.5%-50%) B 3,341,144$ 3,537,682$ 3,734,220$ 3,930,758$ 2023 Transfer to Capital / Special Revenue Funds A-B= 499,026$ 302,488$ 105,950$ (90,588)$ 8/17/2023 3 PROPOSED TRANSFER OF EXCESS FUND BALANCE Allocation of Proposed Transfer Capital Improvement fund -$ Supports replacement of equipment as scheduled Park Improvement fund 60,000$ Replacement of playground equipment Community Center fund 45,950$ Supports CC in recognition of the renegotiated lease 105,950$ COUNCIL - NEXT STEPS Direction to staff on approval or modification of proposed  transfers.   Excess Fund Balance Transfers  approved along other fund   transfers at December 13, 2023. Excess transfers will be retroactive to 1/1/2023.  Date Type Staff Present September 12 Work Session Code Amendments City Council City Manager City Planner September 12 Regular Spirit of St. Anthony Award Planning Commission items from August 2024 Preliminary Operating Budget and Levy‐PUBLIC HEARING Students in Leadership‐Consent Approve 2024 Feasibility Study and Order Plans and Specs City Council City Manager Finance Director Engineer September 26 Work Session Single Family Home Rentals City Council City Manager City Planner September 26 Regular School District Presentation Fire Prevention Presentation Approve Union Contracts City Council City Manager Fire Dept October 10 Work Session 2024 Long term capital budget plans City Council City Manager Finance Director October 10 Regular Preliminary Certification of Delinquent Waste Hauler Accounts‐Consent Agenda Preliminary Certification of Delinquent Utility Accounts‐Consent Agenda Planning Commission items from September City Council City Manager October 24 Work Session 2024 Water and Sewer Budgets and rate adjustments City Council City Manager Finance Director October 24 Regular Quarterly Donations & Grants Quarterly Goals Update Approval of CIP City Council City Manager Finance Director November 13 Work Session Planning Commission Interviews City Council City Manager November 14 Regular Planning Commission items from October 1st Reading Water, Sewer, & Stormwater‐PUBLIC HEARING Presentation on Water and Sewer Rates Canvass election results City Council City Manager Finance Director November 28 Work Session Planning & Parks Commission Interviews City Council City Manager November 28 Regular Fire Prevention Poster Winners 2nd Reading and Adoption Water, Sewer, & Stormwater Street Project Approve Plans & Specifications, Authorize Advertisement for Bids City Council City Manager December 12 Work Session Exit Plan for Existing TIF Districts City Council City Manager FUTURE COUNCIL AGENDA ITEMS 2023  Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS December 12 Regular Planning Commission items from November Appoint Parks and Planning Commissioners and Chair/Vice Chairs Setting Salary of City Manager Authorizing Transfers & Closing of Specified Funds Setting the 2024 City & HRA Budgets and Final Property Tax Levy ‐PUBLIC HEARING 2024 Fee Schedule Quarterly Goals update Final reading and adoption of water, sewer, & stormwater Students in Government Presentation City Council City Manager Finance Director December 27 Regular January 09 Work Session City Council City Manager January 09 Regular Planning Commission items from December Housekeeping Resolutions Resolution for the Street Improvement Bond Reimbursement Quarterly Donations & Grants Quarterly Goals update NYFS Agreement Outside Orgs‐Council City Council City Manager January 23 Regular Public Works Snow Plowing Operations presentation City Council City Manager February 13 Work Session City Council City Manager February 13 Regular Planning Commission items from January Water Conservation Poster Winners Public Hearing‐2024 Budget Calendar and Process 2024 Planning Commission Work Plan‐ (motion only) 2024 Parks and Environmental Commission Work Plan‐ (motion only) Administration Annual Report Liquor License Renewals City Council City Manager Finance Director February 27 Regular Metro‐Inet Presentation GreenCorp Member application‐resolution Adoption of Strategic Plan Liquor Annual Report City Council City Manager Liquor Op Manager Public Works Director March 12 Work Session City Council City Manager March 12 Regular Planning Commission Items from February Public Works Annual Report City Council City Manager Public Works Director 2024  Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS March 26 Regular Police Annual Report Wyland Water Challenge City Council City Manager Police Dept April 9 Work Session City Council City Manager April 9 Regular Planning Commission Items from March Quarterly Donations & Grants Fire Annual Report Arbor Day Proclamation Earth Day Proclamation Quarterly Goals Update City Council City Manager Fire Dept April 23 Regular Finance Annual Report Insurance Renewal & Tort Limits‐ Consent City Council City Manager Finance Director May 14 Work Session Discuss Debt Levy/Updated Street Improvement Plan City Council City Manager May 14 Regular Planning Commission items from April City Council City Manager May 28 Regular Villager of the Year and Business of the Year City Council City Manager June 11 Work Session Initial Debt Levy Scenarios City Council City Manager Liquor Manager June 11 Regular Planning Commission Items from May Authorize preparation of feasibility study for 2025 street project  City Council City Manager June 25 Regular Commissioner MaryJo McGuire Presentation Approval of 2025 debt levy‐PUBLIC HEARING City Council City Manager July 9 Work Session 2024 Initial Property Tax Levy Scenarios  City Council City Manager July 9 Regular Planning Commission items from June Quarterly Donations & Grants Quarterly Goals Update Audit Report City Council City Manager Finance Director July 23 Regular Liquor Operations Mid Year Report VillageFest Presentation Night to Unite Presentation Night to Unite Proclamation City Council City Manager Liquor Op Mgr Police Chief  Date Type Staff Present FUTURE COUNCIL AGENDA ITEMS August 13 Work Session Discuss Updated Levy Scenarios/Detailed General Fund Budget City Council City Manager August 13 Regular Planning Commission items from July City Council City Manager August 20 Regular 2025 Proposed Budget & Levy Presentation City Council City Manager Finance Director