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<br /> . City Council Work Session Meeting <br /> November 21,2005 2 <br />e <br /> City Administrator Wolfe said that a meeting will be scheduled in the near future for the City <br /> Council to review the proposed five year C1P. <br /> Finance Director Murtuza Siddiqui provided the City Council with a brief overview of the 2006 <br /> budget process. He mentioned that the projected expenditures for the 2006 preliminary budget is <br /> $8,180,661. This represents an overall reduction of 8.6% from the adopted 2005 budget. The <br /> general fund balance is proposed at $3,190,800. This is a reduction of 1.5% from the 2005 <br /> adopted budget. The proposed general fund includes a transfer of $73,755 to the Public Safety <br /> and Capital Fund budgets. <br /> Mr. Siddiqui noted that the market value for most homes in Arden Hills experienced an increase <br /> of approximately 15% per year. The following is a breakdown of the property taxes for the <br /> residcnts of Arden Hills: <br /> . City of Arden Hills-2 I % <br /> . School Districts-26% <br /> . Ramsey County-47% <br /> . Other Jurisdicaitons-6% <br /> Finance Director Siddiqui reported that the City experienced a reduction of $125,000 in revenue <br /> due to a decrease in the number of building permits that were granted in 2005. The reduction in <br />. building permits is due to a slow down in construction activity. <br /> In 2006, City staff is proposing a 4% levy increase for the City of Arden Hills. This equates to <br /> an increase of about $97,000 over the 2005 levy. The average property owner in Arden Hills <br /> will pay $45.83 per month for city services. <br /> Finance Director Murtuza Siddiqui provided the City Council with an overview of the following <br /> areas in the proposed 2006 budget: <br /> . A 4% Tax Levy was adopted by the City Council at the September 12th regular city <br /> council meeting. A final levy must be certified and sent to Ramsey County in December <br /> 2005. <br /> . Overall, the proposed increases to the 2006 budget are inflationary in nature. <br /> . City staff is proposing 2.75% cost of living and employee step increases for 2006. <br /> . City staff has budgeted for a 10% increase in health care expenses for City staff. The <br /> proposed contribution toward health and dental insurance premiums is $586.00 a month <br /> for 2006. <br /> . $10,000 has been budgeted to hire a consultant or temporary staff for prograuuning <br /> internal controls for automating financial reports and documentation. <br /> . The 2006 preliminary CIP budget numbers are as follows: <br /> 1. Ridgewood Neighborhood-$ 1,764,000; <br /> 2. Reconstruction oflift stations 1,11,12, and 13-$560,000; <br />e 3. Replacement of One Toro Groundsmaster-$30,000; <br /> 4. Tony Schmidt Park Underpass-$32,000; <br />