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HomeMy WebLinkAbout2011.08.16 CC Minutes - Mid-Year Budget WorkshopMINUTES CITY OF HUGO CITY COUNCIL MID -YEAR BUDGET REVIEW WORKSHOP TUESDAY, AUGUST 16, 2011 7:00 PM Mayor Miron called the meeting to order at 7:06 p.m. Present: Haas, Klein, Petryk, Weidt, Miron Absent: None Also Present: City Administrator Mike Ericson, Finance Director Ron Otkin, Community Development Director Bryan Bear, Public Works Director Scott Anderson, Accounting Clerk Anna Wobse, Fire Chief Jim Compton, Fire Marshall and Assistant Fire Chief Marty Schwartz, Deputy Fire Chief Kevin Colvard, City Clerk Michele Lindau Finance Director Ron Otkin explained the purpose of the meeting was to discuss a proposed maximum tax levy which would be adopted at the September 6th Council Meeting. He announced that the final budget and tax levy will be adopted at the December 5, 2011 regular City Council meeting (7:00 pm at City Hall). The public will be allowed to speak at this meeting before the final budget and tax levy is adopted. Ron presented a PowerPoint slideshow to review of the 2011 midyear budget to the Council and explained changes the legislature made to the property tax system. The Council discussed the five year capital improvement program, seal coating, and equipment purchases. Council was very pleased with the financial picture of the City and the proposed targets for the 2012 City Budget. Finance Director Ron Otkin will prepare a maximum tax levy resolution for consideration at the September 6, 2011 City Council meeting. Weidt made motion, Haas seconded, to adjourn at 8:31 p.m. All Ayes. Motion carried. Respectfully Submitted, Michele Lindau City Clerk