CC_Minutes_2012_0813 - Laserfiche WebLink

Home

Regular City Council Meeting Monday,August 13,2012 Page 17 month for an average home valued at $190,000, or$188 annually, in addition to the projected HRA levy of 2.3%, or a$206.00 increase over the current tax Finance Director Chris Miller stated that Councilmember McGehee's calculations were consistent with his projections as well. Councilmember Johnson, specifically addressing General Fund increases, noted there were also increases in the programs and maintenance for the Parks and Recre- ation Department, with those three(3) alone representing a 10.1%increase. Mayor Roe clarified that the General Fund increases included at least $285,000 programmed in the 2012/2013 budget, with the other $213,000 difference detailed on page two (2) of the RCA. Mayor Roe noted that the Parks and Recreation Pro- gram increases were those previously approved. Councilmember Willmus clarified that the net number for the HRA, in relation to previous years, was $400,000. City Manager Malinen addressed the RCA, lines 44-48, where the total adjustments for the 2013 Property Tax-Supported Program Budget were $201,720, bringing the combined total to $557,641, representing an increase of 4.6% over the 2012 Budget, with a corresponding increase in the tax levy and $20,000 from reserves. On page 3 of the RCA, Mr. Malinen referred Councilmembers to the related breakdown and comparisons to 2012, and corresponding to those comments on page 2. At the request of Councilmember McGehee, Mr. Miller addressed the debt service for the current bond issue, and those proposed in the future, with an anticipated ad- ditional cost to taxpayers of$2.50 per month, or$52.00 annually. At the request of Councilmember McGehee, Mr. Miller further addressed structural deficits in the City's asset funding mechanisms still to be addressed, including fund- ing gaps for facilities, informational systems, streets, pathways, parking lots, and park improvements not addressed through the bond issues. Councilmember McGehee opined that, with remaining capital improvements yet to address, this was a fairly hefty recommended budget and increased tax burden on citizens. Mayor Roe asked that future budget documents include information fund by fund, similar to program schedules provided at the end of 2011, and as itemized on page 3 of this RCA; and allowing for that information to be part of the discussion going forward. Mayor Roe further suggested that the 2012/2013 budget schedules be pro- vided as ongoing attachments to avoid additional copying costs at each meeting.