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City Administrator Norman distributed a recap of the last five years showing the amount of <br />increase allowed under the levy limit. He noted that this year only .04% is being allowed. <br /> <br />Finm~ce Officer Lund presented a proposal to balance the budget by deleting additional personnel <br />and $512,632 for Capital which would bring the amount of net expense exceeding revenue by <br />$226,000. She also presented information of line item cuts that would equal $226,000. <br /> <br />City Administrator Norman stated this is very preliminary information. <br /> <br />Finance Officer Lund explained that the Ramsey EDA has authorization, under its HRA, to levy. <br />That would be outside of the City's levy limit. It could levy up to $143,000 which would be <br />about $27 on a $150,000 to $200,000 home. She stated these dollars could be used for any EDA <br />fees associated with things such as salaries, professional services, and the purchase of land. <br /> <br />Councilmember Kurak asked what kind of expenses there would be for the Town Center. <br /> <br />Finance Officer Lund stated there are already market studies and TIF would not be used for all <br />purchase of land since it would have to generate increment to pay back that amount. <br /> <br />City Administrator Norman explained that the State will provide the numbers by late August. <br />The preliminary budget will not set the budget, but the City cannot raise the budget after the <br />preliminary budget is adopted. That has to be done by mid-September (September 16). City <br />Administrator Norman noted the Council meeting is September 10, 2002, so that is when the <br />preliminary budget will be considered. <br /> <br />Councilmember Kurak noted the school district is considering a referendum which will also <br />impact Ramsey residents. <br /> <br />Finance Officer Lund stated the budget will balance without the Capital items, but they are <br />needed, so the Council will have to determine how to make those purchases. <br /> <br />City Administrator Norman stated the department heads will be at the next workshop on the <br />budget. <br /> <br />Mayor Gamec asked how the salt storage building was funded. <br /> <br />Finance Officer Lund stated it was funded from the Public Facilities Fund, the same one used for <br />the Police Department. <br /> <br />City Administrator Norman stated that acts as an internal loan. <br /> <br />Councilmember Hendriksen asked if the $100,000 discussed for the Park and Ride was in the <br />2002 or 2003 budget. <br /> <br />City Council Work Session/August 5, 2002 <br /> Page 4 of 5 <br /> <br /> <br />