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I I t' ARDEN HILLS TRUTH-IN-TAXATION - DECEMBER 5.1996 3 Mr. Post presented a pie chart which illustrated the proposed 1997 General Fund Expenditures, The I percentage of spending from 1993 to 1997 per category has not changed that dramatically with the exception of the capital funding area. The two things which have affected this area are the expanded scope of the Pavement Management Program and specific funding transfers to Capital Funds for I future general fund equipment, fire equipment and future facilities outlay, I Mr. Post then explained the significant expenditures per category. He noted an expenditure in the Planning and Zoning area of $50,000 for the Comprehensive Plan Update and in the Fire Protection area of $30,000 for State Insurance Fireman's benefit. There will be $30,000 in additional revenue I which will offset the $30,000 expenditure for the State Insurance Fireman's benefit. There will also be an expenditure in Street Maintenance of$48,000 which is due to an expansion for a county bridge project. Mr. Post noted this is a break even Budget, with the expenditures equally the revenues, I l\.1r, Post presented a chart which ties General Fund revenues with expenditures and illustrates how the levy relates. In summary, this budget anticipates a spending increase of 6.4% over the 1996 I Budget. There is also a projected 6,23% increase in revenue. Mr. Post then explained that the general fund expenditures only account for 1/3 of the total fund Ie expenditures/transfers of the City of Arden Hills, Approximately one-third or remaining expenditures are for water, sewer and storm water management utilities and one-third is spent for capital projects. I Mr. Post then presented a chart which illustrated the 5 year trend in spending by all Fund types. In I 1997, there is an expenditure in the Capital Project Funds of a $1,000,000 for a new City Hall facility, $700,000 of funding will be obtained from the Advance Refunding Bond Fund and $300,000 will be obtained from the Permanent Improvement Revolving Fund. Another $425,000 I in expenditures from the Permanent Improvement Revolving Fund will be used to fund the 1997 Pavement Management Projects, I PUBLIC COMMENTS Mayor Probst invited the audience to address Council with any matters of concern relating to the I proposed 1997 levy. Mr, Roger Aiken, 4360 Hamline Avenue, presented Councilmembers and Staff with a summary I of his questions and concerns. He noted he is a member of the Finance Committee but is not in attendance this evening as a representative of that committee. Mr. Aiken stated his property taxes for 1997 increased 5.5% in the amount of $12,00, Over the last three years, the property taxes on I his home have increased by over $300,00, Mr. Aiken stated that although the City of Arden Hills has a large industrial base, a large capital reserve and no debt, they also have a higher than average t' assessment rate for streets, limited services, and unfairly receives very little state aids like HACA. He stated the current city market valuation appears to be topped out and does not have appreciable I