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HomeMy WebLinkAbout2009-07-07 Council Work Session MINUTES OF THE WORK SESSION OF THE EDINA CITY COUNCIL HELD AT CITY HALL JULY 7, 2009 5:00 P.M. Mayor Hovland called the meeting to order at 5:00 p.m. in the Community Room of City Hall. Answering rollcall were: Members Bennett, Brindle, Housh, Swenson and Mayor Hovland. Staff present included: Gordon Hughes, City Manager; Heather Worthington, Assistant City Manager; John Wallin, Finance Director; Eric Roggeman, Assistant Finance Director; Ceil Smith, Assistant to the City Manager and Debra Mangen, City Clerk. Mayor Hovland stated the purpose of the meeting was to review the City's 2009 Operating Budget and begin planning the City's 2010 Operating Budget. Staff reviewed the 2008 year-end results, the projected 2009 year-end forecast, the 2010 levy limits, the 2010 non-tax revenues, the 2010 expenditure issues and the 2010 budget calendar. It was noted that tax collections for 2009 were estimated to be about two percent lower than usual, that the unallotment of the market value homestead credit left a gap in revenues of approximately $250,000 and that building permit revenues were anticipated to be lower than in 2008. The Council and staff discussed strategies that might be used to balance the 2010 budget. These included both expenditure reductions and new revenue such as franchise fees or a possible street light utility. There being no further business, Mayor Hovland adjourned the meeting at 6:40 p.m. Respectfully submitted, L" / Debra A. Mange ity Jerk Minutes approved by Edina City Council, July 21, 2009. ames Er.�ov an , ayor