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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — AUGUST 19, 2024 22 coating $105,000. Permit software conversion of $60,000 and other general fund budget areas with $38,000 of savings. All of those savings account for the $581,000 change from 2024. If we account for the equipment, building replacement savings of $60,000 and the public safety increase of $220,000 that gets the total general CIP fund change of $740,349. That total gets us to an underfunded balance of $249,062. The $580,349 levy will cover overall expenditures. It does not account for any of the anticipated revenue shortfalls. Finance Director Yang said to balance the budget we need to add the $249,062 to the $740,349 for a total balanced budget levy of $989,411. Finance Director Yang shared a handout showing a comparison of property taxes. She created four different scenarios to help show how these changes will impact the overall levy. Finance Director Yang shared scenario 1. That includes everything discussed tonight. Councilmember Holden asked if we pay the state annually for election services. She thought we pay the same amount every year under contract. Finance Director Yang said it has been stagnant but this year it increased. Finance Director Yang shared scenario 2 which includes everything in scenario 1 plus the Public Works staffing updates and the new station, if we were not to move forward with the franchise fees. Councilmember Holden wondered what it would look like if scenario 2 didn't include the fire station. Finance Director Yang didn't have a graphic but had those numbers. The tax levy increases for scenario 1 plus Public Works staffing would need $6.4 million; a tax levy increase of 21.1% to be fully funded. Councilmember Monson clarified that is to be fully funded. She asked what it would look like if we just funded the expenditures. Finance Director Yang said expenditures only would be 16.4%; a tax levy increases of $872,000. Councilmember Rousseau asked about the comp study, the Mounds View Hockey and the pickleball. Finance Director Yang doesn't have that scenario broken out. Discussion ensued regarding the items Council would like to see broken out in different scenarios. Finance Director Yang will calculate the scenarios and bring them back based on the feedback received during the discussion. Interim City Administrator Jagoe asked if Council wanted the consultant for the comp and class study to return for another presentation. She didn't remember there being any specific