2021-02-10 CC Packet - Laserfiche WebLink

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City of Centerville Council Meeting Minutes September 9, 2020 decrease the residential individual property share. He stated that the County generally forwards information regarding what the tax increase will would be but he believed it would be less than a ¾% increase for residential property. Mayor Love stated that would it be fair that with the increased tax base, taxes could go do or remain flat. Finance Director DeJong concurred. Council Member Montain thanked the EDA for their proposed budget. He stated that the labor agreement could modify the levy. He felt that the Fire District budget was great. Council Member Wilharber felt that staff did a great job of putting this information together and that items looked good. Council Member Lakso concurred with Council Member Montain and Wilharber on the above stated items. She reported that the Centennial Fire District budget was completed with the intention that the outcome of the study was unknown and that there may be an impact to the budget. She stated that she would not be proud of the budget and would not expect coming back to request additional funding. She felt that nothing should be done in the middle of the year and some individuals on the Fire Steering Committee have stated that will be the case if needed. Administrator Statz stated that this needs to be discussed and if individuals feel that leaving a $10,000 contingency would be allowable if desired. He also stated that with a zero percent increase the department can operate very robustly. He said that he felt changes should not be made mid- year also. Council Member Koski stated that he asked about planning for a contingency as public safety is very important and would not want to act on what is recommended without funding. He stated that he is cautious with revenue especially with COVID. He stated that he desired to discuss with Finance Director DeJong why taxes appear to still be going up when revenue and new taxing avenues have become available such as new homes and businesses. He also thanked the EDA for their budget. Finance Director DeJong stated there is lag time from construction to showing on taxes for distribution of a levy value. He stated that it is not recognized until January 2 of the following year and that the tax value goes on one (1) more year following that year (2 year process). s tax value will show on 2021 but show in 2022. He stated that this is the same for residential housing units. Mayor Love asked whether allocation of some CARES funding to EDA would have an impact on ed leaving the Proposed Preliminary Budget alone and exclude CARES funding. He stated that the reporting is very evolving and budget as if do not have it and treat the funding as a bonus. He felt the money that is offset by those funds should be saved for purchases in the future. He stated that unforeseen. Mayor Love stated that funding for parking lot lighting has been discussed in depth and asked whether funding would be coming from the Street Fund and budgeted. Administrator Statz stated that he desired for that funding to come from the Capital Fund but it is not budgeted for. He stated that it may mean bumping another item and Council could do that with the contingency of the $50,000. Administrator Statz stated that the Capital contingency could cease and there would be a decrease in taxes. He reported that salaries and cost of living adjustments are also another area that increases largely from year to year. He stated that the funding for the parking lot lighting could come out of the City Hall Renovation Project which would be spending cash down low and remove debt and it comes at the cost of being cash poor. He stated that Council has chosen to be cash poor for a while and get debt off of the books, but also have a cushion/contingency. Page 6 of 12