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12-09-24-R
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12-09-24-R
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ARDEN HILLS CITY COUNCIL—DECEMBER 9, 2024 7 <br /> Councilmember Holden stated the public has spoken about how the City Council was <br /> substandardly paying its employees. She reviewed the market analysis, noting Arden Hills was at <br /> 90% to 105% for employee compensation, except for four staff members, which were at 80%. <br /> She explained these staff members received a three step increase along with an additional 3%. She <br /> explained she is deeply concerned about the fund balance target policy noting the auditor said the <br /> City was fine,but now the City was below the mark for 2023. <br /> Finance Director Yang explained the $9,000 extra was the operating activity for 2023, which <br /> meant revenues exceeded expenditures. However, she noted this dollar amount did not take into <br /> consideration the transfer that was approved in June of 2023 for the 2022 audit. She reported <br /> whenever an audit is completed, Council reviews the overall fund balance policy to determine <br /> whether or not the City has met the 50% fund balance policy. She commented the City had not <br /> met the 2023 fund balance policy as the City was at 47%. <br /> Councilmember Holden questioned why the audit states the City was at 51%. <br /> Finance Director Yang stated she did not recall this being the case and restated the City was at <br /> 47%. <br /> Mayor Grant reported in previous meetings the transfers have been reviewed for past years. He <br /> noted revenues exceeded expenditures by over $9,000. He concurred with Councilmember <br /> Holden that the auditor stated the City had met the 50% threshold and he was surprised by the <br /> change. He asked if staff had done an analysis on where the City will end up this year. <br /> Finance Director Yang estimated the City would be underfunded by about $14,000 for 2024. <br /> Mayor Grant stated this was about as close as the City could get on its budget that had over $5 <br /> million in revenues and expenditures. He clarified for the record that the shortfall was not <br /> $182,000. <br /> Councilmember Fabel asked if the underfunding referred to the proposed increase of 15.5%. <br /> Finance Director Yang stated she was referring to the 2024 actuals. <br /> Councilmember Fabel questioned if staff had projections for 2025. <br /> Finance Director Yang reported in order to get to a balanced budget for 2025, the Council would <br /> have to approve a 15.5% levy increase. <br /> Councilember Fabel indicated the drivers for the levy increases were due to increases in public <br /> safety costs, CIP increases, and personnel costs. He recalled that every member of the City <br /> Council voted in favor of the CIP, contracts with the police and fire departments, along with the <br /> proposed personnel pay increases. <br /> Councilmember Holden stated this was the first time she was considering the budget for 2025. <br /> Councilmember Fabel recalled that these three items had come to the Council previously and the <br /> entire Council had offered their support. <br />
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