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WS 2011 08 08 CHANHASSEN CITY COUNCIL WORK SESSION AUGUST 8, 2011 Mayor Furlong called the work session to order at 5:35 p.m. COUNCIL MEMBERS PRESENT: Mayor Furlong, Councilwoman Ernst, Councilman Laufenburger, and Councilwoman Tjornhom COUNCIL MEMBERS ABSENT: Councilman McDonald STAFF PRESENT: Todd Gerhardt, Laurie Hokkanen, Kate Aanenson, Paul Oehme, Greg Sticha, and Todd Hoffman Mayor Furlong asked the Finance Director, Greg Sticha to provide an update on the pre-sale of potential refunding bonds associated with the water enterprise fund, noting this item will be th added as item 1(d) under the consent agenda calling for the sale that will take place on Sept 12. Councilman Laufenburger asked to be educated on the refunding process. Councilwoman Ernst asked for clarification of the costs associated with the water tower engineering and construction costs. SECOND QUARTER FINANCIAL REPORT. Greg Sticha reviewed highlights of the investment analysis, expenses and revenues for the first half of the year. Councilwoman Ernst asked for a breakdown of what was included in the City Council line item under expenses. 2012 BUDGET DISCUSSION. Greg Sticha reviewed the assumptions used in preparing the 2012 budget. Laurie Hokkanen discussed the projected 15% increase in health insurance costs. Staff discussed three scenarios and the estimated effect on the average taxpayer: Scenario One: 0.36% increase (more than new construction of 1.16%) Scenario Two: 0% increase (even with new construction of 1.16%) Scenario Three: 0.87% decrease (less than new construction of 1.16%) Councilwoman Ernst asked why staff was using a wage increase of 1.5% when council hasn’t discussed that item yet. Councilman Laufenburger asked for clarification of the new construction percentage. Greg Sticha reviewed revenue and expense projections before recommending that council adopt Scenario 1 for the preliminary levy which gives the most flexibility until the end of the year when the final levy is set. Additional points included in the packet for discussion were charts of Carver County tax rate comparisons for 2011, budget expenditure comparisons to KFS cities, revolving improvement fund, debt levy schedules, and Star Tribune articles regarding building trends in the metro area. Todd Gerhardt explained that the three scenarios being presented are basically management tools. Staff asked council members to email questions about specific line items to give department heads time to address nd those questions during their detailed presentations on August 22. Councilman Laufenburger asked for clarification of what’s included in the general liability insurance number and consideration of no fault insurance. Mayor Furlong suggested that that item be discussed as a City Council Work Session - August 8, 2011 nd policy issue. Due to the length of meeting on August 22, Mayor Furlong asked council members to be available to start the work session at 5:00 p.m. to provide sufficient time for detailed presentations from department heads. Mayor Furlong adjourned the work session at 7:00 p.m. Submitted by Todd Gerhardt City Manager Prepared by Nann Opheim 2