HomeMy WebLinkAbout08-22-05 WSIn attendance: Mayor Robert Johnson, and Council Members David Luick, Laurie Rieb, Wendy
Wulff, and Mark Bellows.
Also in attendance: City Administrator Steve Mielke, Assistant to City Administrator Brian
Anderson, and Finance Director Dennis Feller.
i. Proposed 2oofi Budget and tax. Levy
Mr. Feller presented to the City Council the Tax Levy information as outlined in the 2006=200
Preliminary Budget Review document. Some of the more salient pieces mentioned were that the 2006
tax levy being proposed is $i7,74i,o65, which is a $2.508 million increase (+i6.59o) over 2005. The
Tax Capacity Rate will increase slightly from o.3i326 to o.3i77i and Mr. Feller .explained the impacts
of the Market Value Homestead .Credit (MVHC) loss on the "average" Lakeville home. Mr. Mielke
pointed out that homeowners. would have to make up the $37 difference due to the loss of MVHC,
which contributed to the proposed 12.6% tax increase for 2006.
Mr. Feller briefly outlined the proposed General Fund budget and mentioned the key. figures as
outlined in the document. City Council asked for clarification regarding the Senior Center excursions
budgeted amount. Mr. Feller stated that the funds for the excursions are not new funds but those that
are now being put into the General Fund versus the Senior Center Fund. This is a more appropriate
place for the funds, which become more auditable. The City Council also inquired if the Arts Center
would ever be self-sufficient? Mr. Mielke stated that although revenues are increasing from an
increase in attendance in theater productions and classes, it would never be self-sufficient due to high
overhead and operating costs and lack of seating space.
Mr. Feller briefly outlined the proposed Special Revenue and Municipal Reserves Fund. Mr. Mielke
stated the Surface Water Utility Fund has not been raised for some time, so a small increase is
justifiable at this time. In addition, there were many programs that were eliminated from this
proposed budget but as the budget process continues, City Council will have to decide if they want to
increase program activities. City Council inquired about the programs being performed by the
neighboring communities. Mr. Feller stated they perform more programs than Lakeville currently
does.
Mr. Feller outlined the Equipment and Building Funds and the Liquor and Water and Sanitary Sewer
Funds, to which there were no questions by City Council. Mr. Feller outlined. the budget process
before the City Council and Mr. Mielke stated he intends to hold a detailed work session to allow the
department heads to discuss the budget with City Council. •
Adjourn
Meeting adjourned at 5:32 p.m.
• Respectfully Submitted,
Brian J. derson
Assistant to City Administrator