Laserfiche WebLink
CITY OF GEM LAKE <br />TRUTH IN TAXATION HEARING <br />AGENDA <br />08 DECEMBER 1994 <br />CALL TO ORDER: Mayor Emeott at 1 Q8p.m. <br />ATTENDANCE:: vEmeot t_"B i x kebak 1---Nordstrom <br />ViGiexsen _ go ^Magnuson _Gardner <br />OTHERS IN ATTENDANCE: <br />�NF <br />1} OPENING REMARKS: Mayor Emeott <br />A) REQUIRED BY <br />B) TRUTH -IN -TAXATION HEARINGS SCHEDULE <br />1) City, County &School District Hearing Dates <br />a) Ramsey County on 13 December 1994, 6:30 pm <br />Roy Wilkins Auditorium - St. Paul <br />b) School District #624 on 07 December 1994, 7:30 pm <br />Sunrise Middle School - White Bear Lake <br />c) Metro Special Tax District on 05 December 1994,.5:00 pm <br />Metropolitan Council Chambers -- St. Paul <br />2) Residents/Property Owners duly notified - County Mailing of <br />"YOUR PROPOSED PROPERTY TAX FOR 1995". Reference attachment. <br />3) CONTINUATION HEARING <br />a) If all public comments can not be heard today, a <br />Continuation of this Truth -In -Taxation Hearing will be <br />set for 14 December 1994 at 7:00 pm in the first floor <br />meeting room of Tousley Ford. <br />2) GENERAL FUND BUDGET PRESENTATION: Mayor Emeott & Treasurer Nordstrom <br />A) PARALLEL BUDGETS <br />1) CASH BUDGET (BLUE) - actual income and expense. <br />2) LINE ITEM BUDGET with offsetting income and expense <br />a) eg Building Permits, Variance Permits, etc <br />3) Pre -approved by City Council in August, revised in November. <br />B) FIXED INCOME vs. VARIABLE INCOME <br />1) FIXED INCOME is actual property taxes levied of $84,000 <br />2) VARIABLE INCOME is State HACA and Other State Aid plus <br />construction permits and inspections, fines, residential <br />recycling grants, etc. <br />C} FIXED EXPENSES vs. VARIABLE EXPENSES <br />1) FIXED EXPENSES include Independent. Contractors for Gem Lake <br />services such as Law Enforcement, Fire Protection, Sewer and <br />Street Maintenance, Street Lighting, and Curbside Recycling. <br />who submit budgets. <br />2) VARIABLE EXPENSES include construction inspections, zoning <br />administration, legal and prosecution expenses, planning <br />expenses (planning commission and outside engineering and <br />consulting services), and legal publications. <br />D) STATE ACCOUNTING CHANGE IN 1994 <br />1) Cities required by law to separate HACA from budgeted income. <br />As we can't count on HACA, we budget against shortfalls. <br />1 <br />