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City of Centerville <br />Council Meeting Minutes <br />September 23, 2020 <br /> <br />Motion by Council Member Koski, seconded by Council Member Montain to Approve the <br />August 12, 2020 Meeting Minutes with the Above Mentioned Modification. A roll-call vote <br />was taken. Mayor Love and Council Members Koski, Montain, & Wilharber voted in favor. <br />Motion carried. <br /> <br />VII. CONSENT AGENDA <br /> <br />1. City of Centerville Claims through September 23, 2020 Claims (Check #34232- <br />34261) & (1579E-1584E) <br />2. Centennial Lake Police Department Claims through September 14, 2020 (Check <br />#13392-1313408) & Payroll Check #13397-13398) <br />3. Centennial Fire District 2021 Proposed Budget <br />4. Centennial Lakes Police Department 2021 Proposed Budget <br />5. Pay Request #1 – LaMotte Park Irrigation System <br /> <br />Mayor D. Love provided an opportunity for Council to add or remove any item(s) to/from the <br />consent agenda. <br /> <br />Motion by Council Member Montain, seconded by Council Member Koski to Approve <br />Consent Agenda as Presented. A roll-call vote was taken. Mayor Love and Council <br />Members Koski, Montain & Wilharber voted in favor. Motion carried. <br /> <br />VIII. OLD BUSINESS <br /> <br />1. Resolution #20-023 - Adopting the Preliminary 2021 General Fund Budget <br /> <br />Administrator Statz explained that every year at the end of September the City was required to <br />adopt a Preliminary Budget & Levy. He stated that this information is forwarded to the State of <br />Minnesota for their approval to spend and Anoka County as this is what will be charged through <br />taxes for property owners within the City. He stated that the City is taxing the same as what we <br />are budgeting meaning a balanced budget of 2.7 million dollars. He also stated that staff and <br />Council have developed a balanced budget with a slight increase in the tax levy from last year. <br />Finance Director DeJong stated that there was a modest increase in levy overall (slightly under <br />$24,000 or .9%) higher than the property taxes levied in 2020. He pointed out several items that <br />were discussed in the memorandum presented to Council and stated that it is a responsible budget <br />in the short term and long term, fully funding operations, with contingencies for Capital Projects <br />($50,000). He stated that if contingency is not needed, it can be removed from the levy for the <br />following year. He stated that the City has a strong tax collection rate (99%) over the past three <br />years and explained that with COVID or economic changes with the ability of resident’s being <br />able to pay their taxes, the City has sufficient fund balances to cover short-term drops (not <br />generally over 2%) for the next few years. He stated that it is not just the General Fund but the <br />Water and Sewer Funds also. He also stated that there are a lot of cash reserves that are invested <br />over the next five (5) years earning reasonable interest rates that meet cash flow projections which <br />show the City earning 1% over the next several years. He reported that the State is experiencing <br />financial challenges and there may be a move to reduce Local Government Aid payments in <br />December. He stated that if that happens, it is believed that the City is more than sufficiently <br />Page 4 of 10 <br /> <br /> <br />