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<br />Special City Council j',!inutes <br />November 22, 2004 <br /> <br />Page 7 <br /> <br />______M_________________~____ <br /> <br />assessments are assumed next year, then special assessments should go down in 2006 by <br />approximately $7,700. <br /> <br />Ire Arena <br />Mr. !(]aers stated that the proposed 2005 budget shows expenditures and revenues in the <br />amount of $705,500. The budget includes a general fund transfer of $64,100 and an <br />equipment reserve expenditure of $8,000. He also stated that the arena operating revenues <br />do not generate enough funds to pay for the operating expenditures, debt on the new <br />facility, and for capital outlay items and that general fund monies are used as a contribution <br />to fmance the operation of the arena. <br /> <br />EquiDmenl Certifi,uleJ and EquiDmenl Reserves <br />Mr. !(]aers stated that the equipment certificate budget is $345,000 and this translates into a <br />tax levy of $86,000 in 2005. He indicated that the main revenue source for the equipment <br />reserves is the cash contribution from the Municipal Utilities that does not go into the <br />general fund. <br /> <br />:tv1r. Klaers explained that in the long tenn, equipment fInancing will be a challenge for the <br />city because over the next few years the requests for capital outlay expenditures will <br />approach $1 million annually. Mr. !(]aers stated that a reasonable approach would be to have <br />40% included in the general fund, 40% financed with equipment certificates, and the <br />remaining 200/0 from equipment reserves. <br /> <br />LInd/ill <br />Mr. Klaers indicated that the landfill program has a significant fund balance but no annual <br />revenues other than interest income. He stated that expenses for this program include <br />expenses associated with the city compost program, staff time necessary to monitor landfill <br />activities, contractual services for consulting Brms to monitor landfill activities, public <br />education regarding waste management through the Boys and Girls Club, and the financing <br />of citywide clean-up day efforts. <br /> <br />Safety <br />Mr. Klaers stated that revenues for the safety budget come from the insurance reserve. He <br />indicated that amost annually the city receives a rebate from the League of Minnesota Cities <br />for its insurance premiums. He stated that the main expenditure for the safety program is <br />the contract the city has jointly with Utilities for consulting services. <br /> <br />3.6. City Administrator - City of Elk River Work Program <br /> <br />Governam'e <br />City Administrator Pat Klaers provided a brief overview of the City Administrator-City of <br />Elk River Wark ProgralTI as outlined in his staff report. 111:. Klaers reviewed what was <br />accomplished in the spring warksessions and what has been accomplished since the <br />worksessioq.s. <br /> <br />Mr. Klaers indicated that the City Council may wish to provide a follow-up to the boards <br />and commissions on the October 11, 2004 joint meetingworksession. He stated that this <br />can be done by letter or through the staff liaisons. <br /> <br />Mayor I<Jinzing stated that she agrees there should be a follow-up but the Council needs to <br />decide the best way to provide it. Councilmember Motin suggested tllat the Council review <br />