HomeMy WebLinkAbout2014.08.19 CC Minutes - Mid-Year Budget WorkshopMINUTES
CITY OF HUGO
CITY COUNCIL MID -YEAR BUDGET REVIEW WORKSHOP
TUESDAY, AUGUST 19, 2014
7:00 PM
Mayor Weidt called the meeting to order at 7:04 pm
Present: Bronk, Haas, Klein, Petryk, Weidt
Absent: None
Also Present: City Administrator Bryan Bear, Finance Director Ron Otkin, Fire Chief
Kevin Colvard, Deputy Fire Chief Jim Compton, Jr., Assistant Fire Chief Jim Fordham,
Public Works Director Scott Anderson, Accounting Clerk Anna Wobse, and City Clerk
Michele Lindau
Presentation of Budget
Finance Director Ron Otkin presented a PowerPoint slideshow to the Council to review
the 2014 mid -year budget and to lay the groundwork for the 2015 budget and tax levy.
Ron explained that the Council's policy of keeping a flat tax rate means that taxes fall
when property values decline and vice -versa. With rising values, additional taxes can be
levied for payable 2015. He suggested that this additional tax revenue be used to fund
the city's Capital Improvement Program and to add a deputy to the law enforcement
contract. He also suggested a long-term plan for paying off the city's bonded debt. Ron
explained that the budget is balanced and the proposed tax levy keeps the urban tax rate
the same, based on staff's estimate of tax capacity.
The Council made inquiries of staff pertaining to the chip seal program and property tax
rebate programs available from the state.
Council directed staff to prepare a preliminary tax levy resolution for consideration at the
September 15, 2014 meeting.
The meeting adjourned at 8:05 p.m.
Respectfully Submitted,
Michele Lindau
City Clerk