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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — JULY 28, 2025 5 Finance Director Yang said that will occur in the 2027 budget. Councilmember Monson said she doesn't want us to save a little money but still have this big bump to cover the grant when it ends. She wants to make sure $40,000 is sufficient. If not, she has questions about the Franchise Fees. Finance Director Yang confirmed it's sufficient. She directed the Council to Attachment B. She showed where the $40,000 increase was incorporated. She showed the transfer to the General Fund under expenditures and uses. That transfer will be made annually. That will ensure we have enough fund balance to cover those six captains. Councilmember Monson said there is no transfer this year. We will levy $300,000 in 2026 so we can take $275,000 in 2027. Finance Director Yang confirmed. Councilmember Monson said the Franchise Fees are $435,000 annually but our debt service is $270,000 annually but may see a bigger hit from some of the change orders, if they go over budget. We thought we would use that to prepay the bond. She is hearing there isn't a lot of value in the prepayment concept. Finance Director Yang said the prepayment can't occur until 9-10 years from 2025. At that time if we prepay it, we will see some savings. If there are other needs for those funds, it would be more beneficial for us to utilize those funds for other needs. Councilmember Monson asked how the additional funds are inputted right now. Finance Director Yang said it is sitting in the Public Safety Fund. Councilmember Monson asked for confirmation that the additional $150,000 is additional revenue going towards Public Safety. Finance Director Yang confirmed. Councilmember Monson asked if we still need $300,000, even with the additional $150,000. Finance Director Yang confirmed, due to all of the different capital projects anticipated in the next several years. Councilmember Monson asked if that included a new fire truck and potentially new fire captains. Finance Director Yang confirmed. Councilmember Monson asked Councilmember Holden what the approval process is for the ladder truck and the captains.