Laserfiche WebLink
244 <br />MINUTES OF SPECIAL BUDGET MEETING <br />OF THE EDINA CITY COUNCIL HELD AT CITY HALL <br />SEPTEMBER 9, 1986 <br />7:30 A.M. <br />Answering rollcall were Members Bredesen, Kelly, Richards, Turner and Mayor <br />Courtney. <br />Pursuant to due notice, the Council met in the Manager's Conference Room of Edina <br />City Hall to review and consider the proposed 1987 Budget for the City of Edina. <br />City Manager Rosland expressed a "thank-you" to the staff for the new budget <br />format, singling out Eric Anderson, MIS Coordinator, and John Wallin, Finance <br />Director, who has drafted his first budget in that capacity. <br />Mr. Rosland explained that the proposed 1987 Budget shows an increase over the <br />1986 Budget of $780,656 or 7.36%. <br />I) An increase of $243,000 or 3% in wages and salaries; 2) An increase of <br />$193,000 in insurance; 3) An increase of $114,000 or 19% in equipment replace- <br />ment; 4) A speed control program costing $58,000 to be added in the Police <br />Department; 5) $25,000 to be budgeted for the Edina Centennia; 6) Expenditures <br />of $77,332 in the Recycling Program which would be offset by increased revenues <br />for a net cost of $22,375; 7) An increase of $45,000 for additional sidewalk <br />snow removal equipment; and 8) An increase of $15,000 in seal coating mileage <br />(from 15 to 17 miles annually). Additionally, Mr. Rosland reported that the <br />proposed 1987 Budget will require an increase in tax revenues of $776,592, <br />with an adjustment in the mill rate from 11.303 to 12.192. <br />increase would add approximately .8 of 1% to the tax bills of commercial pro- <br />perties and a reduction in taxes of about 2% on the average Edina home. <br />pointed out that if the mill rate were held constant at 11.303, a reduction in <br />proposed expenditures of $599,244 would be required. <br />The Council then.reviewed the proposed 1987 Budget for Central Services for City <br />Hall, Public TJorks and Equipment Replacement. <br />pensation rates, parttime rates and comparative assessed valuation, noting the <br />fiscal disparity adjustment of $37,612,021 to $42,201,490. <br />Expenditures were then reviwed by fund and function. <br />The principal components of the increase are: <br />This proposed <br />He <br />Also discussed were personnel com- <br />The Revenues and <br />The Council Members agreed to continue the 1987 Budget Hearing on Friday, . <br />September 12, 1986, at 7:30 A.M. The meeting adjourned at 9:30 A.M.