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4 <br /> • �fi` REN HILLS <br /> Approved: 12/11/2006 <br /> CITY OF ARDEN HILLS, MINNESOTA <br /> WORK SESSION MEETING <br /> NOVEMBER 20, 2006; 5:00 P.M. <br /> ARDEN HILLS CITY COUNCIL CHAMBERS <br /> CALL TO ORDER/ROLL CALL <br /> Pursuant to due call and notice thereof, Mayor Beverly Aplikowski called to order the <br /> work session meeting at 5:05 p.m. <br /> Present: Mayor Beverly Aplikowski, Councilmembers Gregg Larson, and Brenda <br /> Holden <br /> Absent: Councilmembers David Grant (Excused), and Vincent Pellegrin (Excused) <br /> Also present were City Administrator, Michelle Wolfe; Community Development <br /> • Director, Karen Barton; Assistant City Administrator, Schawn Johnson; Parks and <br /> Recreation Manager, Michelle Olson; Public Works Director, Greg Hoag; and <br /> Accounting Analyst; Michelle Bruley, <br /> Others present were Mark Ruff, Ehlers & Associates and Elizabeth Diaz, Ehlers & <br /> Associates <br /> Proposed 2007 Budget- <br /> City Administrator Michelle Wolfe provided the City Council with an update regarding the <br /> financial management plan that Ehlers and Associates has been putting together for the City. The <br /> financial management plan will be a good tool for the City Council and City staff to utilize in <br /> assessing the City's current financial status and provide a foundation for future budget related <br /> decisions. The financial management plan is projected to be completed by January 2007. Mark <br /> Ruff, Ehlers and Associates, was in attendance to provide the City Council with an update <br /> regarding the City's current financial status in regards to the general funds, capital funds, and <br /> public safety funds. At this time, Ehlers and Associates have been working on creating a <br /> financial model for the City. As with any financial model, assumptions have been made by City <br /> staff and Ehlers &Associates regarding fund balances and future improvement projects. <br /> However, as we progress with work on this plan, the City can modify the different assumptions <br /> that were made and analyze the impact of these decisions. <br /> The final plan will include an analysis of the utility funds. In terms of the 2007 budget, staff is <br /> recommending that the City implement the rates that were included in the 2005 Utility Rate <br />