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City Council Minutes <br />June 16, 2025 <br />--------- <br />Page 12 of 12 <br />Councilmember Wagner asked about the unassigned fund balance and said the city policy stated that it <br />should maintain between 40-45%. She asked if that was a city policy or a federal policy. Mr. Portner <br />stated that it is a city policy. <br />Mayor Dietz asked if they could do a survey of other cities to see what they have as a reserve. Mr. <br />Portner stated, Yes, that it would be very easy to do since everyone has an audit. <br />Councilmember Wagner asked what is good practice for that number. Mr. Portner stated that when <br />bonding, you want to be at a 45% rate. <br />Mayor Dietz asked if they would have to bond for the fire station in the next couple of years. Mr. <br />Portner said Yes. <br />Mr. Portner explained that the city has seen growth in property valuations, and they will see more with <br />the new developments. <br />Mayor Dietz stated he talked to the county, and the county said they are looking at a 6-7% levy <br />increase. <br />The Council confirmed the budget dates will be Monday, July 28, 2025, and Monday, August 25, 2025. <br />Councilmember Grupa requested to add a work session item for front desk security and council <br />chambers security. <br />11.MOTION TO ADJOURN <br />Moved by Councilmember Wagner and seconded by Councilmember Grupa to adjourn <br />the meeting of the City Council. Motion Carried 5-0. <br />The meeting adjourned at 8:37 a.m. <br />Minutes prepared by Jolene Richter. <br />12.INFORMATION <br />12.1 Financial Report - May <br /> <br />___________________ <br /> <br />John J. Dietz, Mayor <br />___________________ <br /> <br />Tina Allard, City Clerk <br />Page 15 of 309