Minutes - Council - 12/12/1995 - Laserfiche WebLink

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1995. The proposed 1996 General Fund Budget document that was distributed at the hearing was prepared based on the maximum levy. If the levy were adopted at a lower level, it would require cuts or eliminations from the proposal. The 1996 proposed General Fund Budget is based on the collection of tax dollars at the maximum levy certified, and results in a 20.222% tax capacity rate for properties located in Rum River Drainage District. This equates to a 3.43% increase in the taxes of a parcel with no value increase. This budget was balanced through staff recommended adjustments and resulted in a contingency in the amount of $65,784. There was a recommendation at the Personnel Committee level which reailocates $8,000 from the Council Contingency fund for the Environmental Specialist position; this would not affect the tax rate. Motion by Councilmember Beyer and seconded by Councilmember Zimmerman to adopt Resolution #95-12-269 adopting the 1995, payable 1996, Municipal Tax Levy. Motion carded. Voting Yes: Mayor Hardin, Councilmembers Beyer, Zimmerman, Beahen and Peterson. Voting No: None. Motion by Councilmember Peterson and seconded by Councilmember Beyer to adopt Resolution 4/95-12-270 adopting the 1996 City of Ramsey General Fund Operating Budget, with the amendment as follows: $8,000 will be taken out of the Council Contingency Fund and placed in the General Fund under Park and Recreation. Motion carried. Voting Yes: Mayor Hardin, Councilmembers Peterson, Beyer, Beahen and Zimmerman. Voting No: None. Case #2: Adopt 1996 Enterprise Fund Budgets Finance Officer Hart stated that the Enterprise Fund Budgets cover the Water Utility Fund, Sewer Utility Fund, Street Light Utility Fund and the Recycling Utility Fund.. In order to establish fair rates for all of the utilities that the City operates, it is necessary to determine the actual cost of providing those utilities to the residents. Due to the "young age" of the City's utility system, it is difficult to immediately realize profits, but it is important that any losses in the first years of operation be representative of what the system actually costs. Ms. Hart summarized each of the funds and noted changes. Motion by Councilmember Zimmerman and seconded by Councilmember Beahen to adopt Resolution//95-12-272 adopting the 1996 Enterprise Fund Budgets. Motion carded. Voting Yes: Mayor Hardin, Councilmembers Zimmerman, Beahen, Beyer and Peterson. Voting No: None. Case #3: Adopt 1996 Economic Development Authority Operating Budget Finance Officer Hart presented the 1996 Proposed Economic Development Authority Budget. The sources for these operations include transfers from the tax increment districts and interest earnings. Additional revenues from land sales could be recognized in 1996, but due to the speculative nature, are not budgeted for. This budget includes expenditures for salary cost of various levels of City staff, costs associated with the Economic Development Commission, and allowances for economic development programs including participation at the annual Game Fair, Business Expo, and entry signs into the City. City Council/December 12, 1995 Page 5 of 17