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1 ARDEN HILLS TRUTH-IN-TAXATION - DECEMBER 6,1999 DRAFT 5 e Slide #7, City Delivers Quality Services at an Affordable Price, presented a hypothetical check which broke down the General Fund services being funded by the property taxes based upon the total City taxes of $400.68 for a $157,850 median-valued home. The monthly bill for this median-valued home would be $33.39, In terms of the value of the services being provided, this appeared to be a reasonable cost. Mr. Post noted that the amount shown for street maintenance was much higher than it has been in the past. He indicated that this was due to the proposed two- year cycle for the Pavement Management Program and the amount shown on the hypothetical check represented two years worth of work. Slide #8, How Does the 2000 Proposed Budget Impact Your City Taxes, provided the proposed city tax rates for 2000, compared to the rates of 1999, based on the market valuation of residential home and commercial/industrial properties. The decrease of city tax rates across the board was a result of the reduction in class rates which will be in place for the year 2000. These reductions were not as substantial in some areas as they had been in the past. Slide #9, General Fund Revenues/Transfers In, provided an overview of the sources of Arden Hills' General Fund revenues. The portion received from property taxes was lower than it had been in previous years, due to the fact that other sources will be contributing nine percent to the General Fund to finance the expanded scope of the Pavement Management Plan. . Slide #10, General Fund Expenditures/Transfers Out, explained the distribution of the proposed expenditure total of $2,934,090. The Street Maintenance portion was substantially higher than previous years due to the scope of the street reconstruction work. Other finance uses referred to a planned operating transfer to the Municipal Land and Buildings Fund #408. Slide # 11, Summary Comparison of General Fund Revenues, Expenditures, and Operating Transfers, provided historical information on the General Fund proposed revenue and expenditures from 1995 to 2000. The significant changes in expenditures for the 2000 General Fund compared to 1999 occurred in Elections, which are held every other year and the year 2000 will be an election year; the operating costs of the Round Lake Road facility were less than anticipated in 1999 and this was reflected in the year 2000 budget; the Street Maintenance expenditures will experience a large increase from $380,130 budgeted in 1999 to $756,880 budgeted in 2000, which again was due to the expanded scope of the Pavement Management Plan. Mr. Caldwell confirmed that the expenditures for Street Maintenance would be expected to go down in the 2001 budget year. Mr. Post stated that this was correct. Mr. Wilson asked why the summer playground and skating rinks expenditure categories showed zero dollars being expended in the 2000 budget. Mr. Post explained that since 1998 these activities have been combined into the Recreation Fund #226. Councilmember Larson confirmed that the increase of $32,032 for Fire Protection included e Capital Improvement expenditures. Mr. Post stated that this was correct.