My WebLink
|
Help
|
About
|
Sign Out
Home
CC_Minutes_2003_1117
Roseville
>
City Council
>
City Council Meeting Minutes
>
200x
>
2003
>
CC_Minutes_2003_1117
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2007 9:36:58 AM
Creation date
4/17/2006 1:04:31 PM
Metadata
Fields
Template:
Roseville City Council
Document Type
Council Minutes
Meeting Date
11/17/2003
Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
59
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />Regular City Council Minutes - 11/17/03 <br />Page 5 <br /> <br />Finance Director Chris Miller clarified several projections <br />and assumptions on the staff report noting they reflected <br />the range opined by Councilmembers, and that some of the <br />numbers didn't reflect tax levy savings, as they were <br />addressed in funds other than the General Levy. <br /> <br />Finance Director Miller noted, for Council's further <br />discussion, that additional funding for unfunded liability <br />for the Fire Relief Association had not been appropriated, <br />pending Council direction. Mr. Miller noted that the City <br />had received two formal requests from the Relief <br />Association, and that the unfunded liability amounts may <br />be negligible as more members were becoming eligible for <br />pension benefits. Mr. Miller further noted that, even if <br />another actuarial study were done, it would not be <br />completed prior to final budget adoption deadlines. <br /> <br />Further discussion among Councilmembers and staff <br />included the upcoming Fire Relief Association where <br />additional information should be available; obligations <br />under state statute for conducting an actuarial every three <br />years by the Fire Relief Association and who would be <br />responsible for costs associated with completion of a mid- <br />term actuarial; and responsibility for notification of the <br />County Auditor related to the unfunded liabilities. <br /> <br />Further discussion included whether it would be to the <br />taxpayer's advantage (i.e., fiscal disparities) for the City or <br />the Fire Relief Association as another taxing authority to <br />report the unfunded liability. <br /> <br />Finance Director Miller noted that the City Council <br />needed to provide direction on how to fund the liability, <br />from reserves or as a levy increase, or through a <br />corresponding reduction in another service or program. <br /> <br />Further discussion ensued related to various components <br />of recommended budget reductions, including use of <br />reserves that had been anticipated prior to 2004 budget <br />preparation; addition of the taxpayer-voted levy <br />referendun1; League of Minnesota Cities Insurance Trust <br />
The URL can be used to link to this page
Your browser does not support the video tag.