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CITY COUNCIL WORK SESSION <br /> CITY OF RAMSEY <br /> ANOKA COUNTY <br /> STATE OF MINNESOTA <br /> The Ramsey City Council conducted a City Council Work Session on Tuesday, November 12, <br /> 2024, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. <br /> Members Present: Mayor Mark Kuzma <br /> Councilmember Chelsee Howell <br /> Councilmember Debra Musgrove <br /> Councilmember Michael Olson <br /> Councilmember Chris Riley <br /> Councilmember Dan Specht <br /> Councilmember Matt Woestehoff <br /> Also Present: City Administrator Brian Hagen <br /> Finance Director Diana Lund <br /> Planning Manager Todd Larson <br /> City Attorney Fritz Knaak <br /> Community Development Director Stephanie Hanson <br /> City Clerk Katie Schmidt <br /> City Engineer/Public Works Director Bruce Westby <br /> 1. CALL TO ORDER <br /> Mayor Kuzma called the City Council Work Session to order at 5:30 p.m. <br /> 2. TOPICS FOR DISCUSSION <br /> 2.01: Review Fund Balance Policy <br /> Finance Director Lund reviewed the Staff report in regard to the fund balance policy. <br /> Councilmember Musgrove shared that she remembered the Council discussing increasing the fund <br /> balance from 50%. She asked if they had decided against this. <br /> Finance Director Lund explained that they had discussed a fund balance up to 55%; however, the <br /> State is typically around a 35%to 50% fund balance and recommended staying at 50%because of <br /> this. <br /> Councilmember Musgrove asked Finance Director Lund if she was comfortable keeping the fund <br /> balance at 50%. <br /> Finance Director Lund said yes as this policy has been in place for years. <br /> City Council Work Session /November 12, 2024 <br /> Page 1 of 9 <br />