07-31-1989 CC MIN - Laserfiche WebLink

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City Council Minutes July 31, 1989 Page 3 e COUNCILMEMBER DOBEL MOVED TO CALL A SPECIAL CITY COUNCIL MEETING ON AUGUST 21, 1989, AT 6:45 P.M. TO INTERVIEW AN APPLICANT FOR THE LIBRARY BOARD. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. 9. Bud~et Discussion/Certification of Proposed Maximum Levy Lori Johnson, Finance Director, stated that the City must certify the maximum tax levy to the County Auditor by August 1 in order to comply with the 1988 Truth in Taxation Law. She further indicated that the proposed City of Elk River levy for 1990 is $1,760,907, and that this maximum levy most likely will be lowered. Ms. Johnson also indicated that the 1980 Improvement Bond levy has been increased by $19,454 to a total levy of $25,000 due to delinquent special assessments in Hobbit Hills. COUNCILMEMBER DOBEL MOVED TO INCREASE THE IMPROVEMENT BOND LEVY TO $25,000. COUNCILMEMBER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 5-0. COUNCILMEMBER HOLMGREN MOVED TO ADOPT RESOLUTION 89-51, A RESOLUTION AUTHORIZING THE PROPOSED MAXIMUM 1990 TAX LEVY OF $1,760,907. COUNCILMEMBER DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. e The City Administrator indicated that he is prepared to present a preliminary budget to the City Council for review. He indicated that the budget on the low end will increase 9.4% while on the high end, will increase 13.3%. The City Administrator distributed a hand out to the council entitled "Source of Funds". He indicated that this reflects the revenues anticipated to be received in 1990. Two revenue projections were reviewedj one based on the 1988 law and one. based on the vetoed 1989 law. Including revenue increases generated at the City level, the total budget increases could be $202,500 (1989 vetoed) or $285,500 (1988 law). The City Administrator distributed an appropriations summary sheet to the Council which reflects proposed departmental budgets. The City Administrator reviewed each department proposed budget and discussed the reasons for the requested increases within each department. Total requested expenditure increases were $349,200 or 16.27%. Based on available revenues, the requests will have to be cut but it is uncertain how much needs to be cut. e The City Administrator distributed another hand out entitled "Equipment Certificates - Capital Outlay". He informed the Council that the 1990 proposal for equipment certificates is for $99,500 which includes 3 police carSj 1 building and zoning vehiclej 2nd part payment for a street department truck and the last payment on the grader.