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<br /> ~ <br /> ~~HILLS <br /> Approved: 12/11/2006 <br /> CITY OF ARDEN HILLS, MINNESOTA <br /> 'YORK 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 Bcvcrly Aplikowski called to order the <br /> work session meeting at 5 :05 p,m, <br /> Present: Mayor Beverly Aplikowski, Councilmcmbers Grcgg Larson, and Brenda <br /> Holden <br /> Absent: Councilmcmbers David Grant (Excuscd), and Vinccnt Pellegrin (Excused) <br /> Also present were City Administrator, Michelle Wolfe; Community Development <br /> Dircctor, Karen Bmton; Assistant City Administrator, Schawn Johnson; Parks and <br /> Recrcation 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, Ehlcrs & <br /> Associates <br /> Proposed 2007 Bud2et- <br /> City Administrator Michelle Wolfe providcd the City Council with an update regarding the <br /> financialmanagcment plan that Ehlers and Associates has been putting together [or the City. The <br /> financial management plan will bc a good tool for the City Council and City staffto utilize in <br /> asscssing thc City's CUITcnt financial status and provide a foundation for future budget related <br /> decisions, The financial management plan is projccted to be completed by January 2007, Mark <br /> Ruff, Ehlers and Associates, was in attendance to providc the City Council with an update <br /> regarding the City's current financial status in regards to the gcneral funds, capital funds, and <br /> public safety funds. At this time, Ehlers and Associates have been working on crcating a <br /> financial model for the City. As with any financial model, assumptions have bccn made by City <br /> staff and Ehlers & Associates regarding fund balances and futurc improvement projects, <br /> However, as we progress with work 011 this plan, the City can modify the different assumptions <br /> that wcre madc and analyzc thc impact ofthesc decisions, <br /> The tinal plan will include an analysis ofthe 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 />