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<br />i <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />Deccmber 6, 2000 <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />Terrance R. Post, City Accountant @ <br /> <br />Resolution #00-46, Adoption of 2001 Budgct <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Backl!:round <br />Attached, the City Council will find a summary of the final proposed 2001 All Funds Budget. <br /> <br />Materials include "General Fund Revenues, Expenditures & Operating Transfers," Surnnlary <br />comparison of "All Funds Expenditures/Transfers Out," "All Funds Revenues/Transfers In," and <br />"Estimated Ending Cash Balances" schedules, The 2001 - 2005 Capital Improvement plan will <br />be addressed as a later meeting agenda item, <br /> <br />No material items of note have surfaced since the December 4, 2000 Truth in Taxation hearing to <br />cause changes in the previously presented budget materials, However, a review of the <br />December, 2000 tax settlement has resulted in a $40,000 reduction in Tax Increment Financing <br />(TIF) District No.2 proposed revenues and expenditures. <br /> <br />Recommendation <br />Staffrecommends that Council consider adopting Resolution #00-46, approving the 2001 <br />Budget. <br /> <br />Enclosures <br />