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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — JULY 14, 2025 12 Finance Director Yang shared a slide showing a list of equipment/building replacements. She outlined the new projects and expenditures that were shifted from 2025 to 2026. Finance Director Yang shared the estimated fund balances by year. She noted the Capital Improvement and Equipment Building Replacement Funds are in the red. She explained where a bar chart for each of the funds can be found. She said MSA funds will be used toward the two larger PIR Fund projects. Council will need to discuss a long-term financing plan. She outlined the changes and recommendations in the Public Safety Fund and the Enterprise Funds. Those funds are self-sustaining. We want to make sure the revenues will offset any of those forthcoming expenditures. Finance Director Yang said that based on what is programmed into the preliminary Equipment Building Replacement Fund, she is proposing a $150,000 levy increase to ensure there is appropriate funding to meet future project expenditures. Finance Director Yang shared a chart showing the MSA funding. She said the annual allocation is estimated at $350,000 per year. She said the City will continue to have an unfunded balance annually. Councilmember Holden asked if we are just assuming that we'll get MSA and that we can get it when we want. Finance Director Yang confirmed. She said we can advance funds. Councilmember Holden clarified, we can, only if there is money. She asked for clarification the assumption is we will get that full amount. Finance Director Yang confirmed. She said this summary includes MSA funding for the two trail projects and the City will not be fully funded until 2042. Mayor Grant asked where the Trident Park Dedication money is going. He wondered if we can use that on the trail projects. Public Works Director/City Engineer Swearingen thought that should have been programmed. When he entered the project he didn't have it as Park Dedication. Finance Director Yang thought it was up in the red. Councilmember Weber doesn't think it's listed as such. He said the small trail on Snelling Avenue North is. Public Works Director/City Engineer Swearingen said when he added the Snelling Avenue North project, he had it being fully funded by park dedication. Councilmember Weber said we didn't designate money toward that.