Laserfiche WebLink
1987 FINANCIAL - Revenues for the year again exceeded the 1987 <br />budget projection by approximately 12.3%. (This does not include <br />the Liquor Store transfer to the general fund.► Significantly <br />exceeded projections were in the variable areas of fire <br />building permits and investments. Expenditures fcr the year have <br />been running at or below budgeted figures, except in the area of <br />legal, and are expected to end the year slig"itly under the <br />figures budgeted. The City of Orono's mill rate continued in <br />1987 to be the second lowest of the 45 municipalities in Hennepin <br />County. In addition the City's mill rate at 12.068 mills was <br />only 60 of the average mill rate of 11 surrouncing communities <br />and less than 47% of the highest of 25.434 (Long Lake). As noted <br />in Attachment t;, the City's growth in property tax revenue since <br />1980 in comparison to its expected expenditure growth as measures <br />by _he consumer price index and primary building growth is within <br />2P of each other. (Ex.pectrd 1.68 and actual 1.70.) j1 is is <br />after compensations are made for growth as a result of contracts <br />and property tax dollars that had to be substituted for Federal <br />and State intergovernmental funding reductions.) <br />ORGANIZATIONAL POLICY BODY - 1987 saw the swearing in of three <br />individuals who were in their initial. 'in as Councilmembers and <br />one individual who had served a five n n term as an appointed <br />Councilmember. The year also started off with a person who hal <br />been -i Council person for four years beginning his term as the <br />City's new Mayor. A heavy work load in 1967 confronted them. <br />This was co- 'ed with the additional education they felt was <br />needed to hat the backgroune on the organization and its issue:. <br />Besides the work in gaining needed background, many issues the <br />Council addressed were considered by the individuals for the <br />first time as Councilmembers. As the year progressed each member <br />gained experience in working with the others in a yroup setting, <br />learning the others interests and objectives. Suci, a change <br />could have had a detrimental affect on an o_ganization's <br />productivity, but this was not the case to any marked degr,:e, <br />with enormous credit to all the members of the Council for doing <br />