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ARDEN HILLS CITY COUNCIL—MARCH 31, 2014 5 the delinquent balances against the respective properties. Staff recommended that the Council approve Resolution 2014-018 certifying the list of delinquent utility accounts to Ramsey County. Mayor Grant opened the public hearing at 7:46 p.m. With no one coming forward to speak, Mayor Grant closed the public hearing at 7:47 p.m. Mayor Grant requested that the Council approve the list of delinquent utilities minus Anil Khurana, who spoke earlier this evening regarding his utility bill concern. MOTION: Councilmember Holmes moved and Councilmember McClung seconded a motion to approve Resolution 2014-018, certifying the list of delinquent utility accounts to Ramsey County, removing Anil Khurana from the list. Councilmember Holden questioned why some of the delinquent accounts were $10 or less. She asked if it was worth the City's time to certify these amounts. The motion carried (5-0). 9. NEW BUSINESS A. 2013 and 2014 Budget Adjustments City Administrator Klaers stated that in 2013 the City Council did a budget adjustment for $500,000 for a TCAAP loan (from the PIR Fund to the General Fund) to cover the City's costs of the Kimley-Horn expenses for the planning and transportation studies. These expenses were also programmed into the 2014 budget. City Administrator Klaers explained that in talking with the City's auditor, staff feels it would be better to set up a separate capital fund for these transactions, as they are infrastructure related and capital in nature. By doing this, it will be more transparent and easier to track as the expenditures, fund balance, and revenue sources are expected to come over time as the property develops. By making this change, the General Fund will not have dramatic fluctuations from year-to-year, making it easier and more transparent for everyone to follow the costs and fund balances for both funds and the project. City Administrator Klaers indicated that staff discussed this matter with the Council at the March 17, 2014 work session and the Council directed staff to put this,item on the agenda. He reported that the budget adjustments are reflected in the amended budgets. Staff recommended the Council approve the budget adjustments for 2013 effective December 31, 2013, and to create a new fund called the TCAAP Capital Fund. In addition, staff requested that the Council approve budget adjustments for 2014 effective March 31, 2014. Councilmember McClung understood that the proposed budget adjustment would remove spikes to the General Fund for TCAAP expenses.