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1 <br /> MINUTES <br /> �`IW HILLS <br /> • FINANCIAL PLANNING &ANALYSIS COMMITTEE <br /> Tuesday, June 10, 2008 <br /> 6:00 P.M. <br /> Upstairs Conference Room, Arden Hills City Hall <br /> CALL MEETING TO ORDER AND ROLL CALL <br /> The meeting was called to order by Scott Bronson at 6:00 p.m. <br /> MEMBERS PRESENT: Scott Bronson; Stan Harpstead, Council Liaison; Al Hilgers; <br /> Jeff Johnson <br /> MEMBERS NOT PRESENT: Maurice Gieske; Jim Ostlund <br /> OTHERS PRESENT: Sue Iverson, Finance Director; Jon North, Ehlers & Associates; <br /> Joe Rueb, Accounting Analyst; Arlene Mitchell, Communication Committee Member <br /> Call to Order <br /> 1. APPROVAL OF THE AGENDA <br /> Motioned: Al Hilgers <br /> Seconded: Scott Bronson <br /> • 2. APPROVAL OF June 10, 2008 MINUTES as amended <br /> Motioned: Al Hilgers <br /> Seconded: Scott Bronson <br /> 3. UNFINISHED AND NEW BUSINESS <br /> A. Utility Rate Study presentation(Water and Sewer)—Jon North, Ehlers & <br /> Associates <br /> Jon North presented the Utility Rate Study„ <br /> What do the utility rates pay for? Operations, water purchase, sewer and water <br /> main replacement, sewer disposal fees and replacement of reserves. <br /> North discussed the financial history of the water and sewer cash balances as well <br /> as financial trends of the water and sewer funds. There are three goals for the <br /> utility rates: 1)build and maintain adequate cash balances, 2) establish reasonable <br /> rates, 3)reduce costs and be good environmental stewards by promoting water <br /> conservation. <br /> North reviewed the assumptions in the Water and Sewer fund study through three <br /> categories which include: Growth, Capital Improvements, and Operating <br /> Expenses. <br /> City of Arden Hills <br /> 1245 West Highway 96•Arden Hills Minnesota 55112 <br /> Phone 651.792.7800•Fax 651.634.5137 <br /> www.ci.arden-hi lls.nn.us <br />