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<br />I r~'d r. j 1. l.j j G it : u j [l~'l H,) t:':' r.:J i l ~"I ',' hl.Ji.i l.".I'J..) i .~,U ~ I lJ1j, :ltllJj r. " <br />I. <br />I <br />I <br />I Minutes <br /> Arden Hills Finance Committee <br />I February 22, 1996 <br />I Meeting Site: Arden Hills City Hall <br /> Meeting Time 7:30 p.m. <br />I Attending: Chuck Mertenstto, Chuck Stoddard, Charolette McNiesh (ad hoc), Terry Post, <br /> City Accountant, Brian Fritsinger, City Administrator. <br />I The minutes of the January 25,1996 were approved with the corrected spelling <br /> "Councilperson Susan Keirn". <br />.. A hearty "Thank You" was extended to Carl Rundquist for his long service on the <br /> Finance Conunittee since 1979. We will miss his insight on subjects before the <br />I committee. <br />I Terry Post reviewed the City's fmances: <br /> 1. General Fund shonfall vs budget of approximately <br />I $31,000 due primarily to property tax <br /> revenue miss from CPI campus <br /> pending valuation petitions. <br />I 2. Building permits are up-mainly <br /> non residential <br />I 3. Expenditures are up versus budget <br /> in the police and fire sectors. With <br />I final adjustments by these organizations, <br /> expenditures should return to budgeted levels. <br />I 4. Investment Portfolio analysis <br />if <br />I <br />