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HomeMy WebLinkAbout2013 09-03 CCM Joint Work Session with Financial Commission MINUTES OF THE PROCEEDINGS OF THE CITY COUNCIL OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA JOINT WORK SESSION WITH FINANCIAL COMMISSION SEPTEMBER 3, 2013 CITY HALL - COUNCIL CHAMBERS CALL TO ORDER The Brooklyn Center City Council met in Joint Work Session with the Financial Commission and the session was called to order by Mayor Tim Willson at 6:35 p.m. ROLL CALL Mayor Tim Willson and Councilmembers Carol Kleven, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan. Also present: City Manager Curt Boganey, Assistant City Manager/Director of Building and Community Standards Vickie Schleuning, Interim Finance Director Greg Andrews, and Deputy City Clerk Maria Rosenbaum. Others present were Financial Commissioners Patricia Glenn, Steve Landis, and Rex Newman. OVERVIEW/INTRODUCTION, REVIEW OF PROPOSED BUDGET, PROPERTY TAX IMPACT BY CLASSIFICATION, OTHER CONSIDERATIONS City Manager Curt Boganey presented an update since the August 5, 2013, meeting at which the City Council and Financial Commission had directed staff to prepare a General Fund Budget that allowed for a budget that would meet the criteria of service level funding and a maximum levy increase of 3.5 percent, along with the use of Local Government Aid to fund the gap between estimated revenues and expenditures. The desired outcome from this evening would be to get an understanding and consensus regarding a Preliminary Levy; an understanding and consensus on a Preliminary General Fund Budget; and consensus on the next steps for further General Fund Business Plan Review, use of Excess Tax Increment, and Industrial/Commercial Property Tax Impacts. City Manager Boganey outlined materials discussing proposed General Fund recommendations, Goals for 2014/2015, recommended Revenue Changes for a Balanced 2014 Budget, recommended Expenditure Changes for a Balanced Preliminary Budget, and Excess Tax Increment. Interim Finance Director Greg Andrews outlined proposed General Fund Revenues, General Fund Expenditures, Taxable Market Value Pay 2013 Compared to 2014, Tax Capacity Pay 2013 Compared to 2014, Pay 2014 Property Tax Levy, Projected City Property Tax Change for Taxes Payable 2014, and other Considerations for General Fund Departmental Reviews and Impact of Industrial/Commercial Tax Capacity Shift. 09/03/13 -1- There was discussion regarding the information presented and consensus was to move forward on September 9, 2013, with a 3.5 percent increase for pay 2014 Property Tax Levy. It was noted that staff will be recommending bonds to be sold for the street reconstruction project. Once the Finance Department is fully staffed, the City Council may decide to direct staff to work with the Finance Commission to review and make comparisons of industrial and commercial tax rate trends in Brooklyn Center. NEXT STEPS There was no discussion on the next steps which were listed on the agenda as follows: a. Preliminary Levy and Preliminary Budget Adoption— September 9, 2013 b. Utility Fund Review c. Enterprise Fund Review d. Public Meeting—December 2, 2013 e. Pay Plan, Utility Rates Adoption—November 25, 2013 f. Final Levy and Budget Adoption—December 9, 2013 MISCELLANEOUS There were no miscellaneous items discussed. ADJOURNMENT Councilmember Lawrence-Anderson moved and Councilmember Kleven seconded to adjourn the Work Session at 8:10 p.m. Motion passed unanimously. 09/03/13 -2- STATE OF MINNESOTA) COUNTY OF HENNEPIN) ss. Certification of Minutes CITY OF BROOKLYN CENTER) The undersigned, being the duly qualified and appointed City Clerk of the City of Brooklyn Center, Minnesota, certifies: L That attached hereto is a full, true, and complete transcript of the minutes of the of the City Council of the City of Brooklyn Center Joint Work Session with Financial Commission held on September 3, 2013. 2. That said meeting was held pursuant to due call and notice thereof and was duly held at Brooklyn Center City Hall. 3. That the City Council adopted said minutes at its September 23, 2013,Regular Session. City Clerk Ma §W- 106 09/03/13 -3-