Loading...
2017.10.03 Work Session Packet (1st) Posted: Sept. 29, 2017 City Council First Work Session Agenda Oct. 3, 2017 6:15 p.m. Conference Room A Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the work session of the Crystal City Council was held at ______ p.m. on Oct. 3, 2017 in Conference Room A, 4141 Douglas Dr. N., Crystal, Minnesota. I. Attendance Council Members Staff ____ Dahl ____ Norris ____ Deshler ____ Therres ____ Kolb ____ Gilchrist ____ LaRoche ____ Revering ____ Parsons ____ Ray ____ Adams ____ Sutter ____ Budziszewski ____ Serres II. Agenda The purpose of the work session is to discuss the following agenda item: 1. 2018 capital budgets III. Adjournment The work session adjourned at ______ p.m. Auxiliary aids are available upon request to individuals with disabilities by calling the City Clerk at (763) 531- 1145 at least 96 hours in advance. TTY users may call Minnesota Relay at 711 or 1-800-627-3529. 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov October 3, 2017 Establish Internal Service Funds for IT, fleet and buildings moving toward the council goal of pay as you go for all capital needs. Establish Park Improvement Fund to track, monitor and implement Parks Master Plan. Consolidate Street Improvement and Street Construction funds into a single fund. The PIR fund finances the capital improvements for all except major buildings, street construction/ improvement and police PERF. The PIR fund finances components of IT with other costs distributed to individual departmental budgets. The PIR fund finances building improvements for city buildings. 2018 projected revenue does not cover costs of PIR capital improvements anticipated in 2018 –primary capital is for the first phase of the parks master plan. The PIR fund reserves should be allocated to capital funds and fund types including Internal Service Funds for IT, buildings and fleet and Capital Project Funds for park improvements and streets. Allocation of reserves to be based on 5-year capital spending projections and 5-year anticipated revenues (excluding Parks Master Plan and general government anticipated expenditures). If Internal Service Funds are established, departmental expenditures will be eliminated and costs replaced with an allocation from each Internal Service Fund. Budgetary controls are strengthened due to centralization of purchases. Total cash reserves = $7,817,653 PIR Fund includes: ◦Administration ◦Elections ◦Finance ◦City Buildings ◦Street Improvements(fleet/equipment) ◦Parks (capital and fleet/equipment) ◦Swimming Pool/Waterslide ◦Community Center NOTE: Special assessments receivable and note receivable will be allocated based on original source. IT Internal Service Fund Fleet Internal Service Fund Major Building Replacement/Building Internal Service Fund Conversion Street Maintenance/Street Reconstruction combination Park Improvement Capital Project Fund PIR Fund reserves distributed to new capital project and internal service funds. Proposed Distribution: * 1% property tax increase projected in 2019; 1% property tax levy projected in 2020.