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MINUTES <br /> OF THE WORK SESSION <br /> OF THE EDINA CITY COUNCIL <br /> HELD TUESDAY,MAY 2,2006 <br /> AT 6:00 P.M. <br /> Mayor Hovland called the meeting to order at 6:00 P.M. in Community Room of Edina City Hall. <br /> Answering rollcall were the following members of the City Council: Hulbert,Masica,Swenson and Mayor <br /> Hovland. Staff present included: Gordon Hughes, City Manager, John Wallin, Finance Director, Eric <br /> Roggeman, Assistant Finance Director, Jennifer Bennerotte, Communications and Marketing Director and <br /> Debra Mangen,City Clerk. <br /> Manager Hughes explained the City ended 2005 with revenues over budget by approximately$1,475,000. <br /> He said the majority of the 2005 excess revenue came from building permits and ambulance services. Mr. <br /> Hughes referred to the Finance Department memorandum that gave a more in depth explanation of the <br /> 2005 excess revenues. He noted the Finance Department recommended the majority of the 2005 revenue <br /> be allotted to the Construction Fund for the purpose of enhancing the sustainability of the City's Capital <br /> Improvement Program. Mr. Hughes supported the recommendation. Mr. Hughes also pointed out other <br /> options available to the Council including using a portion of the surplus to reduce the 2007 taxes. He gave <br /> background on where excess revenues have been designated in past years. <br /> The Council discussed various uses of the 2005 excess levy. Their consensus was to retain approximately <br /> $1,000,000 in the General Fund to be allocated during the 2007 Budget discussion and to follow the staff <br /> recommendations for the remaining designations as detailed below: <br /> Parkland Dedication Fund $ 11,374 <br /> Reserve for Commitments ($23,020)used for RPC activities <br /> ($20,000)used for Lewis Park blacktop <br /> $21,264 reserved for Public Art Committee <br /> $ 7,412 reserved for election carryover <br /> ($48,829)used for equipment replacement <br /> Employee Separation $100,000 to cover employee separation <br /> Public Works Commodities/ <br /> Projects $100,000 for portion of resurfacing St. Louis Park <br /> border streets <br /> Fuel/Heat/Light $150,000 for budget overruns <br /> Traffic Studies/ <br /> Other Contingencies $100,000 unbudgeted traffic studies,etc. <br /> Liquor Fund Transfer $686,000 support of Capital Improvement Program <br /> Reserve for General Fund <br /> Operations $949,977 for cash flow and future budget or other <br /> considerations <br /> Respectfully submitted, <br /> Debra an en,Cio Clerk <br />