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MINUTES OF THE ORONO CITY COUNCIL MEETING Monday, October 22, 2012 7:00 o’clock p.m. _____________________________________________________________________________________ Page 6 of 7 (12. POLICE DEPARTMENT SECURITY UPGRADES, Continued) McMillan indicated she is okay with what is being requested of the City Council. Printup indicated he is also okay with proceeding forward. Printup moved, Franchot seconded, to approve the items recommended by the Police Department as outlined in the October 18th memorandum. VOTE: Ayes 4, Nays 0. 13. YEAR-TO-DATE GENERAL FUND BUDGET INFORMATION Olson reviewed the City’s third quarter General Fund revenue and expenditures. Revenues are currently at 58.57 percent of budget. This is primarily due to the timing of property tax payments, which are expected in July and December. Non-tax revenues are at 75.74 percent of budget and expenditures are currently at 70.86 percent of budget. Revenues, while below 75 percent of budget, are where they are expected to be at by this point in the year. Total revenues are projected to be at 100 percent by the end of the year. Olson noted that assessing is the only department at the moment that is over budget and that a budget adjustment will need to be done before the end of the year. Engineering and special services are below budget and those are expected to be at 96 percent of budget by year-end. The amount of police state aid received is slightly lower than what was budgeted and the golf course is also expected to be under budget by approximately $25,000. Olson stated he expects that special services will come in slightly under budget for the year. McMillan asked what the difference is between special services and special projects. Olson indicated special services deal with engineering or legal services relating to land use applications and special projects relates to transfers to the equipment improvement outlay fund and the contingency fund for items that are unexpected and not budgeted for. Olson stated overall he expects the City to be at 98.87 percent of the expenditure budget by the end of the year. Olson displayed a chart from the League of Minnesota Cities that shows the average property tax distribution through the state. Olson noted that 46 cents out of every dollar received from Orono residents goes to Hennepin County. Currently 95 percent of the City’s tax base consists of residential and 4.5 percent is commercial/industrial. Olson stated the chart helps depict the City’s tax base and demonstrates that Orono is keeping its tax rates low. Bremer recommended that chart be available at the truth-in-taxation hearing. McMillan thanked Ron Olson for detailing the revenues in his report. The City Council took no formal action on this item. Item #03 - CC Agenda - 11/13/2012 Approval of Council Minutes 10/22/2012 [Page 6 of 7]