11-13-1990 CC MIN - Laserfiche WebLink

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, e - e MEETING OF THE ELK RIVER CITY COUNCIL HELD AT THE ELK RIVER CITY HALL TUESDAY, NOVEMBER 13, 1990 MEMBERS PRESENT: Mayor Tralle, Councilmembers Schuldt, Kropuenske, Dobel, and Holmgren MEMBERS ABSENT: None ALSO PRESENT: John Diet2, Ward 1 Councilmember Elect; Lori Johnson, Finance Director; and Pat Klaers, City Administrator The meeting of the Elk River City Council budget work session was called to order by Mayor Tralle at approximately 5:50 p.m. The purpose of the budget work session was to review the proposed budget for 1991 and to discuss some of the budget issues that need to be addressed in order to produce a balanced budget. The budget public hearing is scheduled for December 3, 1990. Finance Director, Lori Johnson, reviewed with the City Council the Truth in Taxation notices that have been mailed out to individual property owners. Lori reviewed the difference between the levy amount increases and how this does not relate to tax increases due to valuation adjustments in the City. For example, the notice in 1989 indicated a 19% increase in levy but the City total valuation increased by 18% so there was no noticeable increase in the City taxes. Similar results are expected in 1991. The City Administrator reviewed with the City Council the status of the 1990 municipal budget. It was indicated that revenues are projected to exceed expenditures by approximately $75,000 which will be added to the City cash flow reserve as recommended by the City Auditor. The City Administrator reviewed with the City Council the $108,600 budget gap that was financed with reserves in the draft August budget. In order to eliminate this budget gap, revenues were increased $55,150 and expenditures were cut by $53,450 in order to produce a balanced budget in the amount of $2,744,350. The revenue and expenditure changes in the proposed 1991 budget are outlined in the 11/5/90 memo from the City Administrator to the City Council. In reviewing the 1991 draft budget, the City Council: 1) Concurred that having two new Officers in 1991 budget was appropriate and that these Officers should be hired as soon as possible. Concurred that the new Street employee should be hired in the fall of 1991 in order to be available for snow plowing services. Requested that funding be retained for the Police Prosecution Attorney and that if this position is not filled, then most of the associated revenues be decreased. 2) 3)