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MINUTES <br /> OF THE WORK SESSION OF THE <br /> EDINA CITY COUNCIL <br /> HELD AT CITY HALL <br /> JULY 7, 2009 <br /> 5:00 P.M. <br /> Mayor Hovland called the meeting to order at 5:00 p.m. in the Community Room of City Hall. <br /> Answering rollcall were: Members Bennett, Brindle, Housh, Swenson and Mayor Hovland. Staff <br /> present included: Gordon Hughes, City Manager; Heather Worthington, Assistant City Manager; <br /> John Wallin, Finance Director; Eric Roggeman, Assistant Finance Director; Ceil Smith, Assistant to <br /> the City Manager and Debra Mangen, City Clerk. <br /> Mayor Hovland stated the purpose of the meeting was to review the City's 2009 Operating Budget <br /> and begin planning the City's 2010 Operating Budget. <br /> Staff reviewed the 2008 year-end results, the projected 2009 year-end forecast, the 2010 levy <br /> limits, the 2010 non-tax revenues, the 2010 expenditure issues and the 2010 budget calendar. It <br /> was noted that tax collections for 2009 were estimated to be about two percent lower than usual, <br /> that the unallotment of the market value homestead credit left a gap in revenues of approximately <br /> $250,000 and that building permit revenues were anticipated to be lower than in 2008. <br /> The Council and staff discussed strategies that might be used to balance the 2010 budget. These <br /> included both expenditure reductions and new revenue such as franchise fees or a possible street <br /> light utility. <br /> There being no further business, Mayor Hovland adjourned the meeting at 6:40 p.m. <br /> Respectfully submitted, L" / <br /> Debra A. Mange ity Jerk <br /> Minutes approved by Edina City Council, July 21, 2009. <br /> ames Er.´┐Żov an , ayor <br />