08-17-2022 Special Council Work Session W O R K S E S S IO N
R IC H F IE L D MU N IC IPAL C E N TE R, B AR TH O LO ME W R O O M
AU G U S T 17, 2022
4:15 P M
C all to order
1.P resentation of the 2022 Revised/2023 P roposed B udget and Tax L evy.
A djournment
Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96
hours in advance to the City Clerk at 612-861-9738.
AGENDA SECTION:Work Session Items
AGENDA ITEM #1.
STAFF RE P ORT NO. 20
WORK SESSION
8/17/2022
RE P O RT P RE PA RE D B Y: K umud Verma, F inance Manager
D E PA RTME NT D IRE C TO R RE V IE W:
O THE R D E PA RTM E NT RE V IE W:
C ITY MA NA G E R RE V IE W: K atie Rodriguez, C ity Manager
8/12/2022
I T E M F O R WO RK S E S S IO N:
Presentation of the 2022 Revised/2023 Proposed Budget and Tax Levy.
E X E C UT IV E S UM M ARY:
At the J uly 26, 2022 City Council study session, staff provided the City Council with a preview of the
preliminary 2023 Budget summary and levy, proposed 2023 Capital I mprovement Budget (C I B) and 2024-
2027 Capital I mprovement Plan (C I P), proposed utility rates, and a review of City fees. This discussion also
included a discussion of staff's spending recommendation for the City's remaining allocation of the
Coronavirus Local Fiscal Recovery Funds as established under the American Rescue Plan Act (A RPA).
The 2022 Revised and 2023 Proposed Budget and Tax Levy have been completed and will be presented for
City Council for review.
The proposed 2023 tax levy is a 6.6% increase over the 2022 tax levy. The budget includes a balanced
General Fund budget and also includes Special Revenue funds, Enterprise funds, I nternal Service funds,
Debt Service funds, and Capital I mprovement projects budgets.
The City Council will be asked to approve the 2022 Revised/2023 Proposed budget and preliminary tax levy at
the September 13, 2022 City Council meeting.
During the A RPA discussion on J uly 26, Council expressed interest in using some funds to explore the
opportunity for some building energy efficiency work with the funds. Staff has pulled together a proposed
project which focus on Municipal Building Energy Efficiency/Usage Audits and I mprovements. Staff
estimates the project will be around $50,000. The total amount of A RPA funds remain the same since the
proposed budget for E A B work has been reduced to $400,000. P W staff does not believe this adjustment will
greatly impact the effectiveness of the E A B proposal.
D IRE C T I O N NE E D E D:
The work session is an opportunity for the City Council to review the 2022 Revised/2023 Proposed
budget, ask questions and provide direction to staff for any needed changes.
B AC K G RO UND INF O RM AT I O N:
A.H IS TOR IC AL C ON T E X T
Staff has typically presented the proposed budget and tax levy to the City Council at a special budget
work session prior to approval at the first City Council meeting in September.
B.P OL IC IE S (resolutions, ordinances, regulations, statutes, etc):
The 2022 Revised/2023 Proposed budget and preliminary tax levy will be presented to the City Council
at the September 13, 2022 City Council meeting for approval.
C.C R IT IC AL T IMIN G IS S U E S:
The proposed 2023 tax levy is a 6.6% increase over the 2022 adopted levy.
The increase in the City’s General Fund budget for 2023 is a 3.86% over the 2022 adopted
budgeted level.
D.F IN AN C IAL IMPAC T:
N/A
E.L E GAL C ON S ID E R AT ION:
ALTE R N AT IV E(S):
P R IN C IPAL PAR TIE S E X P E C TE D AT ME E TIN G: