CCP 09-13-1999 - Laserfiche WebLink

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. CITY OF ARDEN IDLLS . MEMORANDUM DATE: September 10, 1999 TO: Mayor and City Councilmembers Terrance R. Post, Interim City Administrato~ Preliminary 2000 Budget FROM: SUBJECT: Backl!round Minnesota Statute 275.065 requires cities to adopt a preliminary budget for the following year by September 15th of the current year. The rationale for this requirement is to link the budgetary need for the proposed levy payable for the following year and to create a toundation for information distributed as part of the Truth In Taxation process. The same statute recognizes the preliminary nature of the budget by requiring that the final budget be adopted no later than December 27th. Sil!nificant Budl!et Items The preliminary 2000 budget contains four significant items. They include: . Utilizing the maximum allowable levy ($1,976,377) to achieve a balanced General Fund budget. Assuming that new City Hall construction begins in 2000 with initial funding coming from Advance Refunding Bonds FWld No. 315 ($1,000,000) and Municipal Land & Buildings Fund No. 408 ($1,050,000). Implementation of Phase II of TCAAP planning originally planned to be completed in 1999 but not yet begun, currently has no planned 2000 expenditures to begin the project. Major capital budget items in the Enterprise Funds include the completion of a residential water replacement program in the water utility ($225,000), the continuation of the multi-year sewer line rehabilitation project ($125,000) and purchase of a replacement backhoe ($90,000) with costs shared between the street maintenance department, water and sanitary sewer utilities. Unresolved 2000 Budl!etarv Issues I. Determining a definite scope for the 2000 PMP, including the incorporation of various recommendations by the City Engineer including street re-rating methodology, neighborhood approach, and reconstruction/overlay undertaken on two (2) year cycles. 2. Given recent staff turnover, a revisiting of salary allocation assumptions. .