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Page 6 of 6 City 2018 Projected COLA City of Arden Hills 2.10% Falcon Heights 3.00% Lauderdale 3.00% Little Canada 2.50%-3.00% Mounds View 2.75% New Brighton 3.00% North Oaks 2.00%-3.00% Roseville 2.25%-2.75% Other Funds The City Council has previously discussed the EDA Fund, the major change is an increase in the transfer from the General Fund of $30,000 bringing the total transfer to $120,000. Also, the City is pursuing the option to keep a portion of the Minnesota Revolving Loan Fund (MRLF), which may offset future funding needs in the EDA Fund (or other funds as directed by the Council). The Special Revenue Funds were discussed at previous budget work sessions; no major changes have been made. The Capital Funds have been included in the Capital Improvement Program (CIP); this has been previously reviewed by the Council. The CIP is a guideline for future projects, the Council may decide to pursue or not pursue expenditures at their discretion. A $50,000 transfer has also been added from the General Fund to the Public Safety Capital Fund to ensure the long-term solvency of this fund. The Enterprise Funds have been included in this budget. The Utility Funds are undergoing a rate study, which will likely result in rate changes to be effective in 2018. The operating expenditures are not expected to change dramatically, while the capital expenditures may vary as projects move forward. Summaries for all of the funds, including the CIP, have been attached to this memo for Council review. Attachment Attachment A: Sample Levy Changes Attachment B: Summary of Proposed 2018 – 2022 Capital Improvement Plan Attachment C: Summary of Proposed 2018 General Fund Budget Attachment D: Summary of Proposed 2018 City Wide Budget Attachment E: Resolution 2017 – 051 Certifying the Tax Levy Attachment F: Resolution 2017 – 050 Budget Resolution