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10-10-16-R
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10-10-16-R
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ARDEN HILLS CITY COUNCIL – SEPTEMBER 26, 2016 5 <br /> <br />Interim City Administrator and Director of Finance and Administrative Services Iverson <br />stated this was the case. She explained it was unusual for a City the size of Arden Hills to have <br />their own City Engineer and Public Works Director. <br /> <br />Councilmember Holmes indicated if the Council were to approve the 4.7% tax levy, the City <br />would have a budget deficit in the amount of $238,324. It was noted this amount would have to <br />be covered by reserves. <br /> <br />Interim City Administrator and Director of Finance and Administrative Services Iverson <br />stated that a 7.6% levy increase would be needed to cover the ongoing operating costs. <br /> <br />Councilmember McClung asked how much budget savings the City realized in 2015. <br /> <br />Interim City Administrator and Director of Finance and Administrative Services Iverson <br />reported after the 2015 audit was completed it was determined the City had a 62.9% fund balance <br />which meant there was an excess of $565,121 in the General Fund that could be transferred over <br />to the PIR Fund. <br /> <br />Councilmember Holmes questioned why excess funds should be transferred to the PIR Fund. <br /> <br />Interim City Administrator and Director of Finance and Administrative Services Iverson <br />explained the purpose for this transfer would be to assist with building up the City’s capital funds. <br /> <br />Councilmember McClung commented a portion of the transfer could also be used to buy down <br />the 2017 tax levy in order to reduce the impact on Arden Hills’ residents. <br /> <br />Councilmember Wicklund supported a 4.7% preliminary tax levy increase knowing this number <br />could be reduced by December. <br /> <br />Mayor Grant explained that some of the extra expenses budgeted for 2017 were related to the <br />Comprehensive Plan and should be covered by the PIR Fund. <br /> <br />Councilmember Holden supported the 4.7% preliminary tax levy and hoped the Council would <br />be able to reduce this percentage before final approval is granted in December. <br /> <br />Councilmember McClung stated he could support 4.7% this evening and looked forward to <br />further discussions on how to reduce this percentage in the coming months. <br /> <br />MOTION: Councilmember McClung moved and Councilmember Wicklund seconded a <br />motion to Adopt Resolution #2016-031 – Setting the Preliminary Levy for <br />Taxes Payable in 2017. <br /> <br />Mayor Grant believed the 4.7% tax levy was too high and stated he would not be supporting a <br />4.7% tax levy in December. <br />
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