HomeMy WebLinkAbout1994 05-05 FCM• MINUTES OF THE PROCEEDINGS OF THE FINANCIAL COMMISSION
OF THE CITY OF BROOKLYN CENTER
MAY 5, 1994
BROOKLYN CENTER CITY HALL, CONFERENCE ROOM A
CALL TO ORDER
Chair Donn Escher called the meeting to order at 7:00 P.M. in the
City Hall Conference Room A.
ROLL CALL
Present at roll call were Chair Donn Escher, Commissioners: Lee
Anderson, Ned Storla and Larry Peterson. Also present were City
Manager Gerald Splinter, and Finance Director Charlie Hansen.
Commissioner Ron Christensen arrived at 7:17 P.M.
ADDroval of Minutes
A motion was made by Commissioner Ned Storla to approve the minutes
of the March 15, 1994 meeting. Commissioner Lee Anderson seconded
the motion and all members voted in its favor except for Chair Donn
Escher who abstained.
Budaet Calendar
Jerry Splinter introduced the proposed 1995 Budget Calendar. He
explained that we will present a full budget document to the City
Council in August, rather than just the summary that was presented
last year. The City Council has to adopt a preliminary tax levy by
. early September to be certified to Hennepin County. Donn Escher
recommended that Financial Commission members attend the June 20,
1994 City Council Town Meeting and the August 15, 1994 joint City
Council/Financial Commission meeting. (The Town Meeting may be
rescheduled for June 27, 1994.)
New Budaet Format
Jerry Splinter reviewed the new budget format and noted that there
will be more changes to the format as we gain experience using it.
Ron Christensen asked about controls over revenues.
1993 Budaet Performance
Charlie Hansen passed out a summary of the 1993 budget performance
of the General Fund. Significant factors were that revenues were
under budget by $570,917 and expenditures were under budget by
$890,994, which produced an operating surplus of $320,077. The
General Fund also made a transfer of $750,000 to set up the Central
Garage Fund. This combination of factors reduced the General Fund
balance by $429,933.
Forecast/Overview of 1995 Budget
Charlie Hansen presented charts depicting a possible 1995 budget
scenario in which for a given percentage increase in operating
expenditures, a larger percentage increase in property taxes will
occur because of lessor increases in non-tax revenues and the need
for a debt service tax levy which didn't exist in 1994. Ned Storla
observed that the debt service tax levy will increase each year for
the next ten years with each new issue of street bonds. Ron
• Christensen asked for a plan of road improvements.
Mavor and Council Member Total Compensation
Jerry Splinter reviewed the Policy and Procedure and presented
salary data on other cities which was collected by the League of
Minnesota Cities. Data from cities with populations of 20,000 to
40,000 was extracted to a spreadsheet and analyzed. Donn Escher
requested another comparison with the cities included in the
Suburban City Management Study completed in 1993. It was decided
to return to this issue at the June Financial Commission meeting so
that a recommendation to the City Council can be made by July 1.
Next Meetina
The next meeting will be Thursday, June 16, 1994 at 7:00 P.M.
ADJOURNMENT
At 8:23 P.M. there was a motion by Commissioner Larry Peterson and
seconded by Commissioner Ned Storla to adjourn the meeting. The
motion passed unanimously.
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