1
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approve the agenda as presented. And I

2
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just want to note that in

3
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number three, the 2027 budget discussion

4
00:00:08,320 --> 00:00:13,519
also includes the strategic financial

5
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plan. So it's all encompassed in there.

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It's not a separate item.

7
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» So the 2027,

8
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» Yeah, well

9
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» 2027 budget,

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» The fir the first thing we'll be talking

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about is the long-term financial

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» And that's 26 through 31

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» 30

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» 30.

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» Okay. So move.

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» All right. I got a motion to approve the

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agenda as presented.

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» Second.

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» I will second it. So all in favor say I.

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» I.

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00:00:37,200 --> 00:00:41,920
» Okay. [clears throat] That's 5 Z. We're

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on to the next item. Josh, are you going

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to do the introduction or how do you

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00:00:43,360 --> 00:00:47,120
want to go?

25
00:00:44,480 --> 00:00:48,480
» Uh yeah, I can I can jump and do a a

26
00:00:47,120 --> 00:00:50,399
quick introduction here real quick. I

27
00:00:48,480 --> 00:00:52,960
mean, as you know, Brad was back here

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month or two ago um to discuss kind of

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with us some general high level

30
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questions. And so I know that ABDO has

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been working on um kind of the long-term

32
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financial plan in the background. They

33
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have met with staff here a couple times

34
00:01:03,280 --> 00:01:09,600
just to ask about assumptions um and to

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kind of compare notes and make sure that

36
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um assumption wise that they were

37
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tracking correctly. Nothing seemed out

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of order. So I will kind of kick off to

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Brad kind of where they are landed at

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this point.

41
00:01:20,320 --> 00:01:24,880
» Okay. So, yep, as Josh said, we've met

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with we've been meeting with staff and

43
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going through the assumptions, um,

44
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looking at each fund, projecting those

45
00:01:28,560 --> 00:01:33,600
out through the through 2030,

46
00:01:31,360 --> 00:01:35,040
uh, trying to ma, uh, some of our goals.

47
00:01:33,600 --> 00:01:36,479
We talked about our first meeting was

48
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kind of managing the ups and downs of

49
00:01:36,479 --> 00:01:40,799
the levy, uh, looking at the budget,

50
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kind of taking a look at the capital,

51
00:01:40,799 --> 00:01:45,040
those types of things, and how you going

52
00:01:42,720 --> 00:01:47,920
to fund everything. So, taking all that

53
00:01:45,040 --> 00:01:49,600
to account, um, I think we'll just go

54
00:01:47,920 --> 00:01:51,280
start going through the slides. I know

55
00:01:49,600 --> 00:01:53,759
this was all in your packet as well, so

56
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maybe some of you already seen some of

57
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it or look through it, but I'll just

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kind of run through it and certainly we

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can if you have any questions

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throughout, we'll we can go through

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00:02:01,520 --> 00:02:04,399
those, but I'll primarily go through

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what the assumptions were and then kind

63
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of how we um made some changes with

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maybe policy wise going forward. So,

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00:02:11,120 --> 00:02:19,440
um, kind of overview 26 through 20

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through 2030, um, ending with $46.5

67
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million in cash in 2030, which is down

68
00:02:22,160 --> 00:02:26,640
about a half a million dollars from what

69
00:02:23,680 --> 00:02:29,520
you have today. So, not or at the end of

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25. So, we use 25 numbers as a starting

71
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point because those were last positive

72
00:02:31,040 --> 00:02:37,680
numbers. So, not a whole change in

73
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overall cash from 25 to 30. Um, your

74
00:02:37,680 --> 00:02:45,680
levy 20 30 levy ends at $7.34

75
00:02:42,160 --> 00:02:48,959
million. So that's up about $2 million

76
00:02:45,680 --> 00:02:50,480
from where you were in 2025.

77
00:02:48,959 --> 00:02:54,000
And I'll we'll go through how we get

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00:02:50,480 --> 00:02:56,480
there, but um and then the last uh data

79
00:02:54,000 --> 00:03:00,400
there is $56.9 million of outstanding

80
00:02:56,480 --> 00:03:02,640
debt. So your peak debt is in 2026 uh

81
00:03:00,400 --> 00:03:06,239
with the issuance of the electric bond.

82
00:03:02,640 --> 00:03:08,879
Um but then from then it uh start paying

83
00:03:06,239 --> 00:03:11,120
that debt off through 2030.

84
00:03:08,879 --> 00:03:13,840
So overall, general fund reserves remain

85
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strong throughout the the plan. Um part

86
00:03:13,840 --> 00:03:19,360
of the plan is we move the capital um

87
00:03:17,280 --> 00:03:21,840
expenditures out of the general fund and

88
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into a capital plan and actually started

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levying into that capital [snorts] fund

90
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and funding it with some other excess

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funds from other funds to pay for your

92
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capital. So the general fund ends up to

93
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be just your operating reoccurring type

94
00:03:32,000 --> 00:03:37,280
expenditures for the plan. So that's

95
00:03:34,239 --> 00:03:39,519
going to hold or keep your general fund

96
00:03:37,280 --> 00:03:41,360
somewhat steady over the life of of

97
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going forward without those ups and

98
00:03:41,360 --> 00:03:47,360
downs with capital. Uh levy growth is

99
00:03:44,159 --> 00:03:50,400
phased at roughly 5 to 7% annually. Um

100
00:03:47,360 --> 00:03:52,560
tax capacity and residential growth um

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00:03:50,400 --> 00:03:56,159
kind of mirror the the tax levy

102
00:03:52,560 --> 00:04:00,080
increases there. Again debt peaks at 26

103
00:03:56,159 --> 00:04:03,439
um and paying down declines to 2030.

104
00:04:00,080 --> 00:04:05,040
Um the one fund that kind of has the

105
00:04:03,439 --> 00:04:08,560
most pressure point would be the golf

106
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fund. It turns negative in 2027. Um

107
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didn't really have a that's going to be

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a fund you're probably going to have to

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00:04:12,239 --> 00:04:15,599
take a look at and figure out how you're

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going to fund it um differently going

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forward. But

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00:04:17,840 --> 00:04:21,840
um so then the next slide our core

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assumptions.

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Uh we do have a 3% annual growth rate

115
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for revenues. Those would be like

116
00:04:26,639 --> 00:04:31,360
charges for services, license and

117
00:04:28,400 --> 00:04:33,840
permits. um and other userbased type

118
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charges or revenues.

119
00:04:33,840 --> 00:04:40,080
Co operating cost 3% annually uh except

120
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for personnel. Personnel were at 6%

121
00:04:40,080 --> 00:04:44,479
annually.

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Um that's just the current staffing um

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levels with benefits and compensation

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structure. That's kind of where um

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personnel ended up

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tax base 3% uh growth in market value

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each year. So, and plus we added 36

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homes

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annually each year. Did not include any

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commercial growth in the plan. So,

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somewhat conservative there.

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L the local government aid u the numbers

133
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were out for 2027. So, we took the 2027

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um LGA had just projected that flat

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through 2030.

136
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and then plan timing of the projects

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just based on your capital plans and

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currently you're planning to purchase

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the different capital needs as well as

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different projects out there. So those

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are the assumptions we used.

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Next slide.

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So here's I I mentioned this a little

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little earlier of the general fund were

145
00:05:43,280 --> 00:05:48,479
focused on reoccurring city operations.

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So we um actually starting in the 27

147
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budget in the 27 year we moved the

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00:05:51,360 --> 00:05:56,960
capital out of the general fund and into

149
00:05:53,280 --> 00:06:00,400
the a capital fund. Um the capital levy

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00:05:56,960 --> 00:06:03,360
plus LGA um goes into those capital

151
00:06:00,400 --> 00:06:07,120
funds. So we um part of the LGA each

152
00:06:03,360 --> 00:06:11,199
year of the plan starting in 208 I

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believe um we we're taking 5% out of LGA

154
00:06:11,199 --> 00:06:16,960
out of the general fund moving 5 moving

155
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that 5% into the a capital fund. So each

156
00:06:16,960 --> 00:06:22,240
year we take an additional 5%. So we

157
00:06:19,039 --> 00:06:26,400
took 5% 28 10%

158
00:06:22,240 --> 00:06:27,759
15% through 2030 to and then reduced it

159
00:06:26,400 --> 00:06:30,800
in the general fund increased it in the

160
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capital fund start funding capital needs

161
00:06:30,800 --> 00:06:38,000
um with it instead of the reoccurring

162
00:06:35,280 --> 00:06:40,000
tried trying to less reliant on that

163
00:06:38,000 --> 00:06:43,600
state funding in the your general

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operating funds. Um the debt um you do

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have some debt funds that have excess

166
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cash in them. So, as the debt gets paid

167
00:06:48,560 --> 00:06:53,759
off, there's excess cash that's in

168
00:06:50,479 --> 00:06:57,520
there. With those excess funds, we put

169
00:06:53,759 --> 00:07:00,080
um up to $25,000. It was 50% into the

170
00:06:57,520 --> 00:07:02,960
capital fund, 50% into another debt

171
00:07:00,080 --> 00:07:05,120
fund, up to $25,000 into the capital

172
00:07:02,960 --> 00:07:07,919
fund. So, um if there was more than

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00:07:05,120 --> 00:07:11,039
25,000 left over in a a debt fund at

174
00:07:07,919 --> 00:07:12,479
year end, we put 25,000 into the capital

175
00:07:11,039 --> 00:07:14,720
fund and then the rest of it went to

176
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another debt debt fund to help pay off

177
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future debt.

178
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and keep those future levies um less

179
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than what they normally be.

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00:07:21,840 --> 00:07:24,240
» We talk about that for a little bit.

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» Sure, they can.

182
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» And that's been an issue I think that we

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didn't have a clear understanding with

184
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for a while.

185
00:07:29,440 --> 00:07:33,680
» Sure.

186
00:07:30,479 --> 00:07:36,639
» This seems to give us a lot

187
00:07:33,680 --> 00:07:38,880
of schedules break down the transfers in

188
00:07:36,639 --> 00:07:43,400
and transfer out.

189
00:07:38,880 --> 00:07:43,400
» Some of it's going for you

190
00:07:43,840 --> 00:07:48,960
» But then also this other

191
00:07:46,479 --> 00:07:50,240
Maybe a different fun project.

192
00:07:48,960 --> 00:07:52,960
» Yep.

193
00:07:50,240 --> 00:07:54,160
» And money could go into there also from

194
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that. So

195
00:07:54,160 --> 00:07:59,360
» Can you just talk about what are the

196
00:07:56,160 --> 00:08:03,599
parameters and timing of this? I had the

197
00:07:59,360 --> 00:08:05,039
question with the 2011 I earlier

198
00:08:03,599 --> 00:08:09,720
really trying to understand is that

199
00:08:05,039 --> 00:08:09,720
really available in February 2027

200
00:08:09,759 --> 00:08:16,000
$300,000

201
00:08:12,560 --> 00:08:18,160
to us. So

202
00:08:16,000 --> 00:08:19,759
» You have a good grasp of what our

203
00:08:18,160 --> 00:08:21,120
abilities are and what we're doing

204
00:08:19,759 --> 00:08:21,440
because you're you're putting it all in

205
00:08:21,120 --> 00:08:21,919
here.

206
00:08:21,440 --> 00:08:23,680
» Yep.

207
00:08:21,919 --> 00:08:26,319
» And it provides a lot of flexibility

208
00:08:23,680 --> 00:08:30,360
which is fantastic and it really is a

209
00:08:26,319 --> 00:08:30,360
good thing for us. But

210
00:08:30,560 --> 00:08:36,159
» So when you're levying and when you're

211
00:08:32,959 --> 00:08:38,959
assessing for a bond that those monies

212
00:08:36,159 --> 00:08:41,839
are restricted for that bond until the

213
00:08:38,959 --> 00:08:43,519
bond is paid off. So once that bond is

214
00:08:41,839 --> 00:08:46,560
paid off, this whatever you were levying

215
00:08:43,519 --> 00:08:49,279
or assessing for, those monies are

216
00:08:46,560 --> 00:08:51,200
unrestricted at that point. You can um

217
00:08:49,279 --> 00:08:53,920
put them into another debt fund. A lot

218
00:08:51,200 --> 00:08:55,920
of communities say we levied for debt.

219
00:08:53,920 --> 00:08:57,600
We're going to keep it in debt. But they

220
00:08:55,920 --> 00:09:01,360
really are unrestricted and really up to

221
00:08:57,600 --> 00:09:03,839
you to do with what you want after the

222
00:09:01,360 --> 00:09:05,839
» After that bond is paid off.

223
00:09:03,839 --> 00:09:08,160
» Oh, okay. And I think in your situation

224
00:09:05,839 --> 00:09:09,839
or this example you or not in your

225
00:09:08,160 --> 00:09:13,279
projection

226
00:09:09,839 --> 00:09:16,160
I mean the the big the big is this

227
00:09:13,279 --> 00:09:17,760
million dollar one and you have part of

228
00:09:16,160 --> 00:09:19,519
it coming out one year and part of it

229
00:09:17,760 --> 00:09:21,519
coming out the majority of it coming out

230
00:09:19,519 --> 00:09:23,040
the next year. So you can what's the

231
00:09:21,519 --> 00:09:25,040
rationale of peace?

232
00:09:23,040 --> 00:09:28,160
» You need to have in reserves that year

233
00:09:25,040 --> 00:09:31,440
end you need to have 105%

234
00:09:28,160 --> 00:09:34,640
or you're collecting 105% of your next

235
00:09:31,440 --> 00:09:36,480
year's um payments. So if you have at

236
00:09:34,640 --> 00:09:38,640
year end if there's like the one we have

237
00:09:36,480 --> 00:09:39,440
one year left in that bond lately if I

238
00:09:38,640 --> 00:09:41,920
remember right

239
00:09:39,440 --> 00:09:44,240
» This is the one that

240
00:09:41,920 --> 00:09:44,720
well over

241
00:09:44,240 --> 00:09:45,760
taking

242
00:09:44,720 --> 00:09:47,040
» So at year end

243
00:09:45,760 --> 00:09:49,519
» Not going to be leving anymore

244
00:09:47,040 --> 00:09:52,000
» Y at year end you have enough you have

245
00:09:49,519 --> 00:09:55,040
over that 105% to pay the next year's

246
00:09:52,000 --> 00:09:57,519
bond payment. So we're able to pull part

247
00:09:55,040 --> 00:09:59,120
of that out, leave 105% in there to pay

248
00:09:57,519 --> 00:10:01,600
the remaining bond payment

249
00:09:59,120 --> 00:10:04,959
» For the 978,000 that's getting pulled

250
00:10:01,600 --> 00:10:05,839
out the next year. That represents 105%

251
00:10:04,959 --> 00:10:08,160
of the payment

252
00:10:05,839 --> 00:10:11,680
» That was the remaining which fund do you

253
00:10:08,160 --> 00:10:15,880
remember what I can take a look at quick

254
00:10:11,680 --> 00:10:15,880
» 2028 it's the large

255
00:10:16,480 --> 00:10:21,760
» And arguing I just doesn't look right

256
00:10:20,320 --> 00:10:24,240
» Yeah know some of this we tried to

257
00:10:21,760 --> 00:10:25,360
really move around

258
00:10:24,240 --> 00:10:28,240
» Capital purchase

259
00:10:25,360 --> 00:10:30,880
» Keep capital keep your levies

260
00:10:28,240 --> 00:10:32,959
level so we don't have ups and downs so

261
00:10:30,880 --> 00:10:35,920
everything it all kind of went back to

262
00:10:32,959 --> 00:10:39,920
the levies in the end and funding your

263
00:10:35,920 --> 00:10:42,880
capital purchases, but um trying to keep

264
00:10:39,920 --> 00:10:44,640
that levy levy flat rather than a 10%

265
00:10:42,880 --> 00:10:46,480
year, 3% the next, those types of

266
00:10:44,640 --> 00:10:49,200
things. We tried to keep that flat, move

267
00:10:46,480 --> 00:10:51,760
money around, move the available funds

268
00:10:49,200 --> 00:10:54,880
around accordingly. So, going back to

269
00:10:51,760 --> 00:10:56,399
that one, let me see if I can give you a

270
00:10:54,880 --> 00:10:57,839
good answer. Yeah, if there's a

271
00:10:56,399 --> 00:10:59,279
restriction or whatever, but it just

272
00:10:57,839 --> 00:11:02,399
seems like why not put it in the

273
00:10:59,279 --> 00:11:04,959
equipment fund same year this other

274
00:11:02,399 --> 00:11:08,880
money goes in and make interest in that

275
00:11:04,959 --> 00:11:10,399
bucket instead of making interest,

276
00:11:08,880 --> 00:11:13,120
» You earn the same amount of interest no

277
00:11:10,399 --> 00:11:15,360
matter what fund it's in.

278
00:11:13,120 --> 00:11:18,000
So, it really makes no difference what

279
00:11:15,360 --> 00:11:21,160
fund it's in. Um, because you're making

280
00:11:18,000 --> 00:11:21,160
the same

281
00:11:21,360 --> 00:11:25,640
» I seem to remember that from me.

282
00:11:27,279 --> 00:11:32,040
But it's just where it's coming.

283
00:11:29,040 --> 00:11:32,040
» Yeah.

284
00:11:33,440 --> 00:11:37,839
» It ends up

285
00:11:36,079 --> 00:11:39,200
that number

286
00:11:37,839 --> 00:11:41,200
» 2028

287
00:11:39,200 --> 00:11:43,440
» 2020.

288
00:11:41,200 --> 00:11:44,880
» But that freedom is pretty no matter

289
00:11:43,440 --> 00:11:45,360
what kind of bond you have, you have the

290
00:11:44,880 --> 00:11:48,160
freedom.

291
00:11:45,360 --> 00:11:49,600
» 328.

292
00:11:48,160 --> 00:11:54,000
» Yeah. Yeah, we to we transferred out

293
00:11:49,600 --> 00:11:59,440
$200,000 in 2028 and then the remaining

294
00:11:54,000 --> 00:12:03,240
was was transferred out in 29. That 228

295
00:11:59,440 --> 00:12:03,240
was used for

296
00:12:10,800 --> 00:12:14,639
putting the general project funds

297
00:12:12,160 --> 00:12:17,519
probably to keep that capital where it

298
00:12:14,639 --> 00:12:19,600
needed to be and then or keep to just to

299
00:12:17,519 --> 00:12:20,959
fund the capital fund that year and then

300
00:12:19,600 --> 00:12:22,399
move the rest of it out the following

301
00:12:20,959 --> 00:12:26,480
year when the bond was actually paid

302
00:12:22,399 --> 00:12:28,639
off. So it was more of a needed the the

303
00:12:26,480 --> 00:12:30,160
project project funds needed it that

304
00:12:28,639 --> 00:12:32,959
year. The equipment fund needed it that

305
00:12:30,160 --> 00:12:34,560
year. Um so we left the remaining in the

306
00:12:32,959 --> 00:12:38,639
debt to was actually paid off.

307
00:12:34,560 --> 00:12:42,000
» So that could be done all other.

308
00:12:38,639 --> 00:12:43,920
» Okay. So that's that's good. I want to

309
00:12:42,000 --> 00:12:46,320
know if there's reason.

310
00:12:43,920 --> 00:12:49,920
» Yeah. There's there's real no reason for

311
00:12:46,320 --> 00:12:52,240
it other than just to

312
00:12:49,920 --> 00:12:54,000
» Yeah. No, there is no specific reason

313
00:12:52,240 --> 00:12:55,920
why it was would have been done in one

314
00:12:54,000 --> 00:12:57,839
year, not the other. other than just

315
00:12:55,920 --> 00:13:00,800
managing.

316
00:12:57,839 --> 00:13:04,839
» Okay, thank you.

317
00:13:00,800 --> 00:13:04,839
» Any others so far?

318
00:13:05,120 --> 00:13:09,760
» Okay. Um,

319
00:13:08,079 --> 00:13:12,959
so I think that was that one. The next

320
00:13:09,760 --> 00:13:15,839
slide then, citywide cash balances.

321
00:13:12,959 --> 00:13:21,360
So this shows where your cash balances

322
00:13:15,839 --> 00:13:24,399
sit by um fund type. So general fund is

323
00:13:21,360 --> 00:13:26,079
that orange color. Um you can see that

324
00:13:24,399 --> 00:13:27,839
If we just look across where that bar

325
00:13:26,079 --> 00:13:30,480
is, that stays pretty stable through the

326
00:13:27,839 --> 00:13:33,680
length of the plan. Um, no real change

327
00:13:30,480 --> 00:13:38,079
there. Um, right now there's we I think

328
00:13:33,680 --> 00:13:40,399
it's like mid70s for reserves for your

329
00:13:38,079 --> 00:13:42,560
based on your um next year's

330
00:13:40,399 --> 00:13:45,040
expenditures. Your expenditures are

331
00:13:42,560 --> 00:13:48,399
rising throughout the throughout this

332
00:13:45,040 --> 00:13:51,040
plan due to how 3% increase in your

333
00:13:48,399 --> 00:13:53,040
general expenditures and 6% in your um

334
00:13:51,040 --> 00:13:55,200
personnel, but that cash balance stays

335
00:13:53,040 --> 00:13:57,680
the same. So your that cash balance

336
00:13:55,200 --> 00:14:00,079
reserves is actually decreasing relative

337
00:13:57,680 --> 00:14:02,720
to your expenditures but overall

338
00:14:00,079 --> 00:14:04,480
maintaining its balance. That makes

339
00:14:02,720 --> 00:14:07,519
sense.

340
00:14:04,480 --> 00:14:09,279
Um the

341
00:14:07,519 --> 00:14:11,440
green or the yellow is your special

342
00:14:09,279 --> 00:14:13,279
revenue funds. The green the lighter

343
00:14:11,440 --> 00:14:15,760
green is your capital projects. You can

344
00:14:13,279 --> 00:14:18,000
see how that uh it's at just over $10

345
00:14:15,760 --> 00:14:20,000
million now. A lot of that money is the

346
00:14:18,000 --> 00:14:22,399
the money that was left in there at the

347
00:14:20,000 --> 00:14:24,160
end of 25 for the police project for the

348
00:14:22,399 --> 00:14:27,040
police department. So that gets spent

349
00:14:24,160 --> 00:14:29,440
down in 26 this year currently and it

350
00:14:27,040 --> 00:14:32,320
stays fairly stable through 2030. And

351
00:14:29,440 --> 00:14:33,760
again, that's intentional intentional to

352
00:14:32,320 --> 00:14:36,320
try to keep funding those capital

353
00:14:33,760 --> 00:14:37,760
purchases. Um so you have a a reserve in

354
00:14:36,320 --> 00:14:40,720
there at the end of each year to fund

355
00:14:37,760 --> 00:14:42,880
the next year's capital. Uh the black

356
00:14:40,720 --> 00:14:44,320
the majority of your cash is sitting in

357
00:14:42,880 --> 00:14:47,440
your enterprise funds and you can see

358
00:14:44,320 --> 00:14:49,680
that spike in 26 with the electric bond

359
00:14:47,440 --> 00:14:52,079
that would is not going to be spent on

360
00:14:49,680 --> 00:14:57,880
year end. So then we'll stay stabilize

361
00:14:52,079 --> 00:14:57,880
to about $30 million um going forward.

362
00:14:58,639 --> 00:15:02,000
Next slide is your general fund

363
00:15:00,399 --> 00:15:04,320
reserves. So this is what I was just

364
00:15:02,000 --> 00:15:07,680
talking about. Your cash balance is just

365
00:15:04,320 --> 00:15:12,399
finished just under $7 million and 25

366
00:15:07,680 --> 00:15:15,360
and 30 we stay just um $1 million less

367
00:15:12,399 --> 00:15:17,519
than that.

368
00:15:15,360 --> 00:15:21,279
Uh 78.3%

369
00:15:17,519 --> 00:15:22,800
reserve ratio in 2030. So fairly similar

370
00:15:21,279 --> 00:15:26,560
to where you're at right now, but

371
00:15:22,800 --> 00:15:30,560
slightly down. Capital capital purchaser

372
00:15:26,560 --> 00:15:32,800
moved to the um capital or the yeah

373
00:15:30,560 --> 00:15:36,399
capital fund LGA is gradually taken

374
00:15:32,800 --> 00:15:39,360
away. Um

375
00:15:36,399 --> 00:15:41,760
that's about it for that. Next slide. So

376
00:15:39,360 --> 00:15:43,440
this just shows cash balances by fund.

377
00:15:41,760 --> 00:15:45,600
Similar to the chart we had earlier,

378
00:15:43,440 --> 00:15:49,600
special revenue funds go from 1.2 2

379
00:15:45,600 --> 00:15:53,360
million in total down to just8 million.

380
00:15:49,600 --> 00:15:57,199
That was um in 2027 there was a decline

381
00:15:53,360 --> 00:15:58,720
because that's 2017 small cities project

382
00:15:57,199 --> 00:16:00,079
resources are going to be utilized that

383
00:15:58,720 --> 00:16:02,399
year. So those have been sitting there

384
00:16:00,079 --> 00:16:04,079
for quite a number of years now and I

385
00:16:02,399 --> 00:16:05,680
believe you have an opportunity to use

386
00:16:04,079 --> 00:16:08,000
those funds. So those will be used in

387
00:16:05,680 --> 00:16:10,959
2027.

388
00:16:08,000 --> 00:16:13,680
Uh debt remains pretty stable right

389
00:16:10,959 --> 00:16:15,199
around $5 million in debt reserves. your

390
00:16:13,680 --> 00:16:16,959
capital

391
00:16:15,199 --> 00:16:20,560
12 million down to about four million

392
00:16:16,959 --> 00:16:22,480
again the um finishing the police

393
00:16:20,560 --> 00:16:25,040
department as well as some other

394
00:16:22,480 --> 00:16:28,639
projects completing for closeouts and

395
00:16:25,040 --> 00:16:30,240
then enterprise funds goes from 21 to 30

396
00:16:28,639 --> 00:16:32,959
in cash so building reserves there in

397
00:16:30,240 --> 00:16:38,399
the enterprise funds

398
00:16:32,959 --> 00:16:40,639
next slide um again looking at um just

399
00:16:38,399 --> 00:16:42,959
the enterprise funds your water electric

400
00:16:40,639 --> 00:16:44,880
sewer storm and Gulf

401
00:16:42,959 --> 00:16:47,519
You can see the bottom line that the

402
00:16:44,880 --> 00:16:50,160
golf fund is a positive cash balance at

403
00:16:47,519 --> 00:16:53,839
the edge of 25 and 26 it will be as well

404
00:16:50,160 --> 00:16:56,720
and 27 right around that zero and 28 is

405
00:16:53,839 --> 00:17:00,000
when you start to go um below zero with

406
00:16:56,720 --> 00:17:02,959
your with the golf fund ending about in

407
00:17:00,000 --> 00:17:06,079
2030 about 636,000.

408
00:17:02,959 --> 00:17:10,240
Uh Josh mentioned last week that the

409
00:17:06,079 --> 00:17:13,439
golf um board is said spending up to

410
00:17:10,240 --> 00:17:16,079
$150,000 of capital each year and no

411
00:17:13,439 --> 00:17:18,720
more in the golf fund. That is that

412
00:17:16,079 --> 00:17:22,480
holds true all the way through 2029. In

413
00:17:18,720 --> 00:17:26,480
2030 um in the plan we had 200 about

414
00:17:22,480 --> 00:17:30,000
250,000. So about $100,000 more

415
00:17:26,480 --> 00:17:31,200
than what the the board had said. We

416
00:17:30,000 --> 00:17:34,320
already had it in the plan. and that's

417
00:17:31,200 --> 00:17:36,080
what was on the the golf planned

418
00:17:34,320 --> 00:17:41,120
expenditure. So that's what's in there.

419
00:17:36,080 --> 00:17:42,480
But $100,000 um you're still $530,000.

420
00:17:41,120 --> 00:17:43,600
So there's still an issue there with the

421
00:17:42,480 --> 00:17:44,000
golf fund, I guess, is what I'm trying

422
00:17:43,600 --> 00:17:45,520
to say.

423
00:17:44,000 --> 00:17:47,919
» And I think of note as we discussed that

424
00:17:45,520 --> 00:17:50,320
a lot of this plan across the board is

425
00:17:47,919 --> 00:17:52,480
working off of exactly what the CIP

426
00:17:50,320 --> 00:17:54,400
approved CIP says today. So it doesn't

427
00:17:52,480 --> 00:17:56,640
take into account that we may look at it

428
00:17:54,400 --> 00:17:58,960
and push this back or push that back.

429
00:17:56,640 --> 00:18:00,960
And so this is taking exactly what was

430
00:17:58,960 --> 00:18:02,960
approved and putting on a piece of paper

431
00:18:00,960 --> 00:18:04,320
of how they came out. It's in any given

432
00:18:02,960 --> 00:18:05,760
year we push back quite a bit of

433
00:18:04,320 --> 00:18:07,760
equipment that we can make work for

434
00:18:05,760 --> 00:18:08,720
another year. So

435
00:18:07,760 --> 00:18:11,360
» Right that's

436
00:18:08,720 --> 00:18:12,640
» We're using 30% for

437
00:18:11,360 --> 00:18:15,640
enterprise.

438
00:18:12,640 --> 00:18:15,640
» Yeah.

439
00:18:16,799 --> 00:18:23,120
» Um the next slide property tax levy. So

440
00:18:20,320 --> 00:18:26,640
this these are the I mean I would say

441
00:18:23,120 --> 00:18:28,720
these are fairly important ones. Um so

442
00:18:26,640 --> 00:18:32,000
these are the levies here. So general

443
00:18:28,720 --> 00:18:34,480
fund levy obviously is your largest um

444
00:18:32,000 --> 00:18:37,039
levy in the city. You can see how that's

445
00:18:34,480 --> 00:18:41,440
increasing about $2 million over the

446
00:18:37,039 --> 00:18:44,480
from 25 to 2030. Um se which makes up

447
00:18:41,440 --> 00:18:47,039
76% of your overall levy is going to the

448
00:18:44,480 --> 00:18:50,960
general fund. Um and then with those

449
00:18:47,039 --> 00:18:54,080
levies total levies you're 5.5 to 7.2%

450
00:18:50,960 --> 00:18:57,919
increases on an annual basis. So what's

451
00:18:54,080 --> 00:19:01,919
the impact of reduction of LG?

452
00:18:57,919 --> 00:19:05,320
» Um by the end of in 2030

453
00:19:01,919 --> 00:19:05,320
we're pulling

454
00:19:08,228 --> 00:19:10,248
[clears throat]

455
00:19:11,200 --> 00:19:15,559
by 2030 we're pulling

456
00:19:16,240 --> 00:19:25,360
$180,000.

457
00:19:18,320 --> 00:19:27,039
So in 28 we pull about $60,000 out. 29

458
00:19:25,360 --> 00:19:31,600
120

459
00:19:27,039 --> 00:19:33,760
then 180. So over the three years

460
00:19:31,600 --> 00:19:36,640
since we started pulling pulling about

461
00:19:33,760 --> 00:19:38,400
$360,000 out

462
00:19:36,640 --> 00:19:40,799
and putting into

463
00:19:38,400 --> 00:19:42,640
» Are you wondering whether the LG either

464
00:19:40,799 --> 00:19:45,039
in that amount does that?

465
00:19:42,640 --> 00:19:49,679
» No, I'm just wondering you know just the

466
00:19:45,039 --> 00:19:52,559
effect of this plan of taking the LG out

467
00:19:49,679 --> 00:19:54,640
and moving it to capital which is a

468
00:19:52,559 --> 00:19:57,200
different concept

469
00:19:54,640 --> 00:19:59,200
in the past. That's what I was just

470
00:19:57,200 --> 00:20:02,480
trying to

471
00:19:59,200 --> 00:20:05,360
» From 20 and this is in this

472
00:20:02,480 --> 00:20:07,600
no context to why we kept it level flat

473
00:20:05,360 --> 00:20:13,679
the rest of the time. In 25 you got

474
00:20:07,600 --> 00:20:16,960
1.185 million in LJ 26 1.189 so a $4,000

475
00:20:13,679 --> 00:20:18,960
increase in 27 1.93 another $4,000

476
00:20:16,960 --> 00:20:21,039
increase. So you're not really getting

477
00:20:18,960 --> 00:20:24,799
much change in your LG each year. So we

478
00:20:21,039 --> 00:20:28,799
just kept it flat for the remaining but

479
00:20:24,799 --> 00:20:33,200
we just clarify. I think

480
00:20:28,799 --> 00:20:35,440
if you could define cap the new

481
00:20:33,200 --> 00:20:37,679
strategy here to move this

482
00:20:35,440 --> 00:20:39,760
» The capital equipment and general

483
00:20:37,679 --> 00:20:42,640
projects

484
00:20:39,760 --> 00:20:44,240
» What is they're two different

485
00:20:42,640 --> 00:20:45,840
» Capital equipment then it's pretty

486
00:20:44,240 --> 00:20:47,679
self-explanator I think it's just what

487
00:20:45,840 --> 00:20:49,679
we have in our CIP

488
00:20:47,679 --> 00:20:51,760
» What is the definition what's eligible

489
00:20:49,679 --> 00:20:54,720
for qualifies for something that would

490
00:20:51,760 --> 00:20:57,360
be cons

491
00:20:54,720 --> 00:20:59,200
» Those would be more like

492
00:20:57,360 --> 00:21:00,960
» Street projects. Street type projects.

493
00:20:59,200 --> 00:21:03,679
Yeah,

494
00:21:00,960 --> 00:21:06,679
» That's kind of maybe um let me see if I

495
00:21:03,679 --> 00:21:06,679
have

496
00:21:06,720 --> 00:21:13,559
I think we have a capital

497
00:21:09,760 --> 00:21:13,559
tab in there.

498
00:21:13,760 --> 00:21:18,559
General projects.

499
00:21:15,679 --> 00:21:23,600
So, that's going to include um building

500
00:21:18,559 --> 00:21:26,400
improvements, um some sidewalk repairs,

501
00:21:23,600 --> 00:21:28,400
um picnic shelter,

502
00:21:26,400 --> 00:21:30,159
building Yeah. build park improvements,

503
00:21:28,400 --> 00:21:31,679
park building improvements.

504
00:21:30,159 --> 00:21:32,880
» Kind of sound like some of the things in

505
00:21:31,679 --> 00:21:34,640
our CIP.

506
00:21:32,880 --> 00:21:36,159
» Yeah. Yeah, definitely. That aren't

507
00:21:34,640 --> 00:21:38,720
equipment

508
00:21:36,159 --> 00:21:41,840
would be in the general projects,

509
00:21:38,720 --> 00:21:44,480
but equipment

510
00:21:41,840 --> 00:21:46,400
» General.

511
00:21:44,480 --> 00:21:48,240
Yeah, these would be non. Well, I mean,

512
00:21:46,400 --> 00:21:49,760
you'd have to do building improvements

513
00:21:48,240 --> 00:21:50,799
every so many years probably, but

514
00:21:49,760 --> 00:21:51,600
» Probably not the same building,

515
00:21:50,799 --> 00:21:52,720
» Right?

516
00:21:51,600 --> 00:21:54,159
» Okay.

517
00:21:52,720 --> 00:21:55,280
» Not every right

518
00:21:54,159 --> 00:21:59,039
» Because that that is a [clears throat]

519
00:21:55,280 --> 00:22:03,039
different way that the city be looking.

520
00:21:59,039 --> 00:22:05,520
» Yeah. So eventually if if this continue

521
00:22:03,039 --> 00:22:08,640
on that

522
00:22:05,520 --> 00:22:10,640
um policy, let's say, then you could use

523
00:22:08,640 --> 00:22:13,840
your LGA and you could fund your

524
00:22:10,640 --> 00:22:16,960
different projects around that instead

525
00:22:13,840 --> 00:22:18,159
of um having to increase your levies.

526
00:22:16,960 --> 00:22:19,679
You just you're getting a million

527
00:22:18,159 --> 00:22:22,240
dollars to put in your capital fund each

528
00:22:19,679 --> 00:22:24,080
year from levy from LGA. And if you

529
00:22:22,240 --> 00:22:26,159
don't get it for whatever reason, if the

530
00:22:24,080 --> 00:22:28,960
state decides not to give you LG

531
00:22:26,159 --> 00:22:30,159
anymore, then you're you just won't you

532
00:22:28,960 --> 00:22:32,080
have to find a different way to fund

533
00:22:30,159 --> 00:22:34,559
your projects. It's not like you're out

534
00:22:32,080 --> 00:22:36,320
on the reoccurring type stuff that you

535
00:22:34,559 --> 00:22:38,000
would have to operate as a city

536
00:22:36,320 --> 00:22:40,559
» With this new strategy or in this new

537
00:22:38,000 --> 00:22:42,000
way of looking at it or doing it. It

538
00:22:40,559 --> 00:22:45,159
sounds good to me, but I'm just trying

539
00:22:42,000 --> 00:22:45,159
to f

540
00:22:52,080 --> 00:22:58,159
advocate here is that start doing it so

541
00:22:55,840 --> 00:23:00,480
much

542
00:22:58,159 --> 00:23:03,760
fun

543
00:23:00,480 --> 00:23:06,159
projects would seem to be the one that

544
00:23:03,760 --> 00:23:09,200
there may is there a risk that you don't

545
00:23:06,159 --> 00:23:11,760
have the same kind of discipline

546
00:23:09,200 --> 00:23:15,679
to

547
00:23:11,760 --> 00:23:18,159
manage the the funds in this way because

548
00:23:15,679 --> 00:23:20,880
you might have

549
00:23:18,159 --> 00:23:23,280
unscrupulous city administrator

550
00:23:20,880 --> 00:23:27,520
known here, but someone that says,

551
00:23:23,280 --> 00:23:29,679
"Well, geez, we have $450,000 in

552
00:23:27,520 --> 00:23:30,080
this project because we have the money

553
00:23:29,679 --> 00:23:31,039
there."

554
00:23:30,080 --> 00:23:34,799
» Y

555
00:23:31,039 --> 00:23:36,640
» The merits of a project that was I mean,

556
00:23:34,799 --> 00:23:38,240
how about the discipline? Is there other

557
00:23:36,640 --> 00:23:40,559
cities doing it this way? Do they have

558
00:23:38,240 --> 00:23:42,240
any issues with that?

559
00:23:40,559 --> 00:23:44,799
» I haven't seen any issues. I think it

560
00:23:42,240 --> 00:23:46,559
works best when you have a a fiveyear

561
00:23:44,799 --> 00:23:48,720
capital plan out there, though. So if

562
00:23:46,559 --> 00:23:50,640
you spend all the or project plan,

563
00:23:48,720 --> 00:23:52,080
whatever you want to call it, um if you

564
00:23:50,640 --> 00:23:53,200
spend all the money in the first year,

565
00:23:52,080 --> 00:23:54,799
you're not going to have any money the

566
00:23:53,200 --> 00:23:57,600
second year to fund the rest of the

567
00:23:54,799 --> 00:24:00,240
project. So and the council has to

568
00:23:57,600 --> 00:24:03,600
decide how to spend those dollars, not

569
00:24:00,240 --> 00:24:05,200
one city administrator or whoever can

570
00:24:03,600 --> 00:24:08,640
make those decisions. So everybody would

571
00:24:05,200 --> 00:24:10,960
have to agree on that. and potentially

572
00:24:08,640 --> 00:24:13,440
like sometimes you you're building funds

573
00:24:10,960 --> 00:24:15,520
up in a in a capital fund for all these

574
00:24:13,440 --> 00:24:17,600
different things and you need a fire

575
00:24:15,520 --> 00:24:19,600
truck. Well, you have to have a fire

576
00:24:17,600 --> 00:24:22,559
truck. So, sometimes priorities change,

577
00:24:19,600 --> 00:24:26,000
too. So, it does give you flexibility.

578
00:24:22,559 --> 00:24:27,600
Um, but you can also fund issue a debt,

579
00:24:26,000 --> 00:24:29,440
some type of debt to fund the firetruck,

580
00:24:27,600 --> 00:24:31,279
too. But there's always that opportunity

581
00:24:29,440 --> 00:24:34,320
that, hey, we could put these things

582
00:24:31,279 --> 00:24:37,520
off, red, reallocate these funds to a

583
00:24:34,320 --> 00:24:39,679
different purpose, but here's our plan.

584
00:24:37,520 --> 00:24:41,840
I definitely like being able to segment

585
00:24:39,679 --> 00:24:44,640
this stuff

586
00:24:41,840 --> 00:24:47,440
is for me anyway to see it's hard to

587
00:24:44,640 --> 00:24:49,760
match up operational how we're doing in

588
00:24:47,440 --> 00:24:52,480
budgeting when it's mixed in with the

589
00:24:49,760 --> 00:24:54,799
general expenses

590
00:24:52,480 --> 00:24:57,840
is this capital purchase coming

591
00:24:54,799 --> 00:25:00,320
partially from cash partially hard to

592
00:24:57,840 --> 00:25:02,000
follow this would seem to be a little

593
00:25:00,320 --> 00:25:04,240
clearer way of doing

594
00:25:02,000 --> 00:25:06,000
» I I like doing it that way getting the

595
00:25:04,240 --> 00:25:08,320
capital out of the general fund I think

596
00:25:06,000 --> 00:25:11,679
I think it's clear too. Then you know

597
00:25:08,320 --> 00:25:13,039
you can if you want to levy this dollar

598
00:25:11,679 --> 00:25:14,640
amount for our capital and we'll

599
00:25:13,039 --> 00:25:16,240
purchase our capital based on the funds

600
00:25:14,640 --> 00:25:20,080
we have and what we will have with the

601
00:25:16,240 --> 00:25:21,760
fund rather than based on the last

602
00:25:20,080 --> 00:25:22,799
minute need type stuff. You can plan

603
00:25:21,760 --> 00:25:25,520
those things I think a little bit

604
00:25:22,799 --> 00:25:26,880
better.

605
00:25:25,520 --> 00:25:29,039
But that doesn't like I think Josh

606
00:25:26,880 --> 00:25:30,320
mentioned earlier it doesn't say that

607
00:25:29,039 --> 00:25:31,679
you're not committed to those things

608
00:25:30,320 --> 00:25:33,279
each year either. Sometimes you want to

609
00:25:31,679 --> 00:25:34,480
push off some of that capital. Maybe you

610
00:25:33,279 --> 00:25:37,039
have in your plan that you're going to

611
00:25:34,480 --> 00:25:39,760
buy five new pickups this year, whatever

612
00:25:37,039 --> 00:25:42,559
it is, but you only need one because the

613
00:25:39,760 --> 00:25:44,720
other three, four have been are still

614
00:25:42,559 --> 00:25:47,120
really good, but maybe your plan is to

615
00:25:44,720 --> 00:25:50,080
replace pickups every five years, but

616
00:25:47,120 --> 00:25:51,600
maybe they lasting a long longer. You're

617
00:25:50,080 --> 00:25:52,400
not using one of them for whatever

618
00:25:51,600 --> 00:25:54,640
reason, right?

619
00:25:52,400 --> 00:25:57,640
» Um, you have flexibility to make those

620
00:25:54,640 --> 00:25:57,640
changes.

621
00:26:02,080 --> 00:26:08,000
Uh, next slide.

622
00:26:05,120 --> 00:26:12,480
This is tax capacity

623
00:26:08,000 --> 00:26:14,638
and tax rates. So, um, the one on the

624
00:26:12,480 --> 00:26:15,360
right is your tax uh rate.

625
00:26:14,638 --> 00:26:19,520
[clears throat]

626
00:26:15,360 --> 00:26:22,880
So, at the end of 25, you're around 45%.

627
00:26:19,520 --> 00:26:25,120
at the end of the plan 2030

628
00:26:22,880 --> 00:26:28,080
um

629
00:26:25,120 --> 00:26:32,400
you're at 50

630
00:26:28,080 --> 00:26:36,000
uh 1% almost 51% I believe you can see

631
00:26:32,400 --> 00:26:39,679
on the left slide then you're going from

632
00:26:36,000 --> 00:26:42,880
about a $12 million um tax this is the

633
00:26:39,679 --> 00:26:46,159
tax base 12 million $12 million tax

634
00:26:42,880 --> 00:26:49,760
capacity to just over $14 million in tax

635
00:26:46,159 --> 00:26:52,080
capacity. So your tax capacity is rising

636
00:26:49,760 --> 00:26:54,720
but your levies are also rising and

637
00:26:52,080 --> 00:27:00,480
which then creates your tax rates to

638
00:26:54,720 --> 00:27:03,480
increase as well from that 46% to

639
00:27:00,480 --> 00:27:03,480
51%.

640
00:27:04,080 --> 00:27:11,360
» So the next slide shows what that effect

641
00:27:07,360 --> 00:27:15,520
is on the property owner. Uh so we used

642
00:27:11,360 --> 00:27:19,360
for uh median home value and this was

643
00:27:15,520 --> 00:27:22,480
got taken from the county in 2026 the

644
00:27:19,360 --> 00:27:24,240
median home value is 340,500 in the

645
00:27:22,480 --> 00:27:29,440
city.

646
00:27:24,240 --> 00:27:31,919
So um with your 2026 tax rates

647
00:27:29,440 --> 00:27:34,640
they're paying someone in that property

648
00:27:31,919 --> 00:27:38,960
value home is paying about $1,500 in

649
00:27:34,640 --> 00:27:41,760
taxes to the city. Um

650
00:27:38,960 --> 00:27:44,400
pay other taxes to other jurisdictions

651
00:27:41,760 --> 00:27:48,080
as well. So, the tax bill is more than

652
00:27:44,400 --> 00:27:51,600
1500, but by the end of the plan year or

653
00:27:48,080 --> 00:27:53,840
this plan, um

654
00:27:51,600 --> 00:27:56,720
they're paying for that. And that home

655
00:27:53,840 --> 00:28:00,159
value, we increased 3% each year in

656
00:27:56,720 --> 00:28:03,200
market value. Um they're spending just

657
00:28:00,159 --> 00:28:06,720
over $1,900. So, about a $400 increase

658
00:28:03,200 --> 00:28:09,200
in property taxes in that fiveyear

659
00:28:06,720 --> 00:28:11,840
period.

660
00:28:09,200 --> 00:28:14,840
with these with these tax levy

661
00:28:11,840 --> 00:28:14,840
increases.

662
00:28:15,039 --> 00:28:20,559
I think they're they're better outlined

663
00:28:17,840 --> 00:28:26,120
in the actual plan itself, but the levy

664
00:28:20,559 --> 00:28:26,120
increases um were

665
00:28:27,840 --> 00:28:33,520
6%

666
00:28:29,440 --> 00:28:36,159
6% 7% 6% I believe

667
00:28:33,520 --> 00:28:38,559
that's what we have. I think they're in

668
00:28:36,159 --> 00:28:41,760
the they're in the regular plan itself

669
00:28:38,559 --> 00:28:44,000
in the back. But um

670
00:28:41,760 --> 00:28:45,520
so and that would that's about a $400

671
00:28:44,000 --> 00:28:48,320
increase in property taxes on that

672
00:28:45,520 --> 00:28:51,320
average $340,000

673
00:28:48,320 --> 00:28:51,320
value.

674
00:28:58,880 --> 00:29:03,520
» We don't we just know I just know that

675
00:29:02,000 --> 00:29:06,250
half of the homes are higher, half the

676
00:29:03,520 --> 00:29:08,270
homes are lower.

677
00:29:06,250 --> 00:29:08,270
» [laughter]

678
00:29:09,679 --> 00:29:12,679
» Precise.

679
00:29:14,110 --> 00:29:16,130
[laughter]

680
00:29:16,480 --> 00:29:20,880
» Well, Brad, that actually be the median

681
00:29:18,320 --> 00:29:23,039
home price, not the average.

682
00:29:20,880 --> 00:29:24,559
» Yeah.

683
00:29:23,039 --> 00:29:27,210
» Median.

684
00:29:24,559 --> 00:29:27,279
» No, absolutely.

685
00:29:27,210 --> 00:29:30,240
[clears throat]

686
00:29:27,279 --> 00:29:34,080
» Uh the next slide is uh debt peaks

687
00:29:30,240 --> 00:29:36,080
again. uh peaks in 2026 this year, end

688
00:29:34,080 --> 00:29:38,720
of this year, and then declines through

689
00:29:36,080 --> 00:29:43,039
2030. So, we do also have some

690
00:29:38,720 --> 00:29:44,880
additional bond issues in uh 28,9 and 30

691
00:29:43,039 --> 00:29:48,000
with street projects. So, we have about

692
00:29:44,880 --> 00:29:50,399
a $1.2 million bond issue, projected

693
00:29:48,000 --> 00:29:52,159
bond issue. We may not do it, but we

694
00:29:50,399 --> 00:29:55,200
included in the plan about a $1.2

695
00:29:52,159 --> 00:29:57,679
million bond issue in those three years.

696
00:29:55,200 --> 00:30:00,799
So, that's been built into we tried to

697
00:29:57,679 --> 00:30:03,360
incorporate projects that maybe wouldn't

698
00:30:00,799 --> 00:30:06,159
be funded with our current reserves in

699
00:30:03,360 --> 00:30:07,600
the project funds yet because you know

700
00:30:06,159 --> 00:30:10,640
still kind of building those up. But

701
00:30:07,600 --> 00:30:13,520
eventually um those could be built up

702
00:30:10,640 --> 00:30:15,360
where you would have to issue a $1.2

703
00:30:13,520 --> 00:30:18,320
million. Maybe you don't need to issue a

704
00:30:15,360 --> 00:30:20,640
$6 million or $600,000 bond or something

705
00:30:18,320 --> 00:30:23,039
other than a full you could pay cash for

706
00:30:20,640 --> 00:30:26,159
some of those projects eventually.

707
00:30:23,039 --> 00:30:28,799
Um not in the plan that we have right

708
00:30:26,159 --> 00:30:30,880
now. So right now those are debts are

709
00:30:28,799 --> 00:30:32,799
included and offsetting capitals

710
00:30:30,880 --> 00:30:34,559
included. So overall, they're not really

711
00:30:32,799 --> 00:30:36,960
affecting the cash, but they do affect

712
00:30:34,559 --> 00:30:40,559
your levies because we include a levy

713
00:30:36,960 --> 00:30:42,880
for those two those additional.

714
00:30:40,559 --> 00:30:44,720
Next slide, your the capital investment

715
00:30:42,880 --> 00:30:49,840
intention.

716
00:30:44,720 --> 00:30:53,600
So 27, you have a a jump in capital um

717
00:30:49,840 --> 00:30:56,880
that we do or it's the electric facility

718
00:30:53,600 --> 00:30:59,120
um in 27 spending that bond down. And

719
00:30:56,880 --> 00:31:00,799
then you can see the capital the

720
00:30:59,120 --> 00:31:03,039
projects do kind of fluctuate. Those are

721
00:31:00,799 --> 00:31:05,200
detailed out in the main plan themselves

722
00:31:03,039 --> 00:31:08,559
outlining which projects you're spending

723
00:31:05,200 --> 00:31:12,399
which capital um amount you're spending.

724
00:31:08,559 --> 00:31:15,279
» So like for the electric also projection

725
00:31:12,399 --> 00:31:19,271
with the revenue that we're getting from

726
00:31:15,279 --> 00:31:19,271
» Yep. Y [clears throat]

727
00:31:19,360 --> 00:31:22,679
should all be

728
00:31:23,120 --> 00:31:28,320
okay. And then last second to last slide

729
00:31:26,720 --> 00:31:30,880
here,

730
00:31:28,320 --> 00:31:33,279
uh just with just a kind of a summary on

731
00:31:30,880 --> 00:31:35,360
the risks go that we kind of saw going

732
00:31:33,279 --> 00:31:39,840
in here. Golf fund deficit. We talked

733
00:31:35,360 --> 00:31:43,200
about that. Uh personnel growth at six%

734
00:31:39,840 --> 00:31:45,600
annual um assumption.

735
00:31:43,200 --> 00:31:47,760
Um levy affordability, monitor the levy

736
00:31:45,600 --> 00:31:50,640
growth. Again, we tried to levy that or

737
00:31:47,760 --> 00:31:54,480
level that out through the through the

738
00:31:50,640 --> 00:31:56,720
plan so there's no spikes up or down.

739
00:31:54,480 --> 00:31:59,360
Capital execution revisit project

740
00:31:56,720 --> 00:32:01,440
timing. So this

741
00:31:59,360 --> 00:32:03,120
I mean that's that's a big variable in

742
00:32:01,440 --> 00:32:05,760
here is when those projects are going to

743
00:32:03,120 --> 00:32:07,600
happen. So some of them may not happen.

744
00:32:05,760 --> 00:32:09,200
Again with Josh said we put in here

745
00:32:07,600 --> 00:32:11,519
what's in the cap what's in the approved

746
00:32:09,200 --> 00:32:13,679
capital plan. So that is something that

747
00:32:11,519 --> 00:32:15,600
you as a council approve on an annual

748
00:32:13,679 --> 00:32:19,039
basis on what that next year is going to

749
00:32:15,600 --> 00:32:22,399
look like. So um and then debt residual

750
00:32:19,039 --> 00:32:24,240
confirm that um

751
00:32:22,399 --> 00:32:27,399
moving those funds around the way we

752
00:32:24,240 --> 00:32:27,399
have them

753
00:32:27,519 --> 00:32:34,840
to other debts and capital fund is will

754
00:32:30,240 --> 00:32:34,840
work and then the LGA allocation.

755
00:32:36,640 --> 00:32:42,279
Last slide take away takeaways. Um

756
00:32:42,559 --> 00:32:47,440
just mean assuming we're going to

757
00:32:44,960 --> 00:32:49,039
continue to separate the capital out of

758
00:32:47,440 --> 00:32:52,320
the general fund and how that's going to

759
00:32:49,039 --> 00:32:56,000
be funded with levy and moving the LGA

760
00:32:52,320 --> 00:32:58,880
there use of use of annual budget C the

761
00:32:56,000 --> 00:33:01,360
IP updates to refresh the assumptions.

762
00:32:58,880 --> 00:33:04,960
So it is good to look at update this

763
00:33:01,360 --> 00:33:09,200
annually or semi or every other year. um

764
00:33:04,960 --> 00:33:11,760
just to keep it see if we're on track as

765
00:33:09,200 --> 00:33:14,080
me I as an auditor will be looking at

766
00:33:11,760 --> 00:33:16,559
this at the end of 26 and 27 for sure

767
00:33:14,080 --> 00:33:18,799
just to make sure we're kind of on track

768
00:33:16,559 --> 00:33:20,320
and how I'd like to know how we

769
00:33:18,799 --> 00:33:22,799
projected it and how the assumptions

770
00:33:20,320 --> 00:33:26,960
turned out and what what changed like to

771
00:33:22,799 --> 00:33:28,559
report that back to you as well but uh I

772
00:33:26,960 --> 00:33:30,640
guess the one negative thing probably is

773
00:33:28,559 --> 00:33:35,120
the golf fund take a look at that but

774
00:33:30,640 --> 00:33:38,320
then um just continue the the levy that

775
00:33:35,120 --> 00:33:42,039
transfers and reduce a year-to-year

776
00:33:38,320 --> 00:33:42,039
volatility in the levy.

777
00:33:42,399 --> 00:33:47,200
But overall, I think um I think

778
00:33:45,679 --> 00:33:50,000
definitely put a lot of time into it, I

779
00:33:47,200 --> 00:33:52,720
think. And um try to again really focus

780
00:33:50,000 --> 00:33:56,640
on keeping that levy flat and using your

781
00:33:52,720 --> 00:33:59,880
resources to the best use and keeping

782
00:33:56,640 --> 00:33:59,880
your levies

783
00:34:00,159 --> 00:34:04,960
as low as we we could to fund capital

784
00:34:02,559 --> 00:34:08,919
and pay off those debts.

785
00:34:04,960 --> 00:34:08,919
» Well, how do we go forward

786
00:34:09,679 --> 00:34:13,679
in 2028 to get

787
00:34:14,800 --> 00:34:18,240
Do you guys have to do that on the

788
00:34:17,200 --> 00:34:19,919
council?

789
00:34:18,240 --> 00:34:21,520
» If you wanted an update, we could do it.

790
00:34:19,919 --> 00:34:23,359
We definitely could do it. Um, you could

791
00:34:21,520 --> 00:34:25,200
use it as a tool. I don't know if we

792
00:34:23,359 --> 00:34:27,919
would. I guess we'll see how 26 comes

793
00:34:25,200 --> 00:34:30,879
out or 27 progresses. If you're going

794
00:34:27,919 --> 00:34:32,159
through 27 and it's coming out and

795
00:34:30,879 --> 00:34:34,480
you're kind of following all the

796
00:34:32,159 --> 00:34:36,480
assumptions that we kind of had in the

797
00:34:34,480 --> 00:34:37,919
plan, cash balances are turning out

798
00:34:36,480 --> 00:34:39,280
about what we had. I don't see any

799
00:34:37,919 --> 00:34:41,119
reason to update it.

800
00:34:39,280 --> 00:34:44,320
» Okay. just use it as a tool going into

801
00:34:41,119 --> 00:34:48,639
your 28 budget. If for some reason you

802
00:34:44,320 --> 00:34:50,960
decide to not do a project or some other

803
00:34:48,639 --> 00:34:53,919
big project comes up that you're not

804
00:34:50,960 --> 00:34:55,919
sure how using funds that were dedicated

805
00:34:53,919 --> 00:34:57,520
for something else, how that's going to

806
00:34:55,919 --> 00:34:59,680
affect the future. I think that may be

807
00:34:57,520 --> 00:35:02,160
an opportunity to take a look at it

808
00:34:59,680 --> 00:35:03,760
again. And some of it too I think comes

809
00:35:02,160 --> 00:35:05,839
down to especially some of these as

810
00:35:03,760 --> 00:35:08,079
we're like moving money into whether an

811
00:35:05,839 --> 00:35:12,000
equipment fund or like capital projects

812
00:35:08,079 --> 00:35:14,640
fund as to okay this is why maybe we are

813
00:35:12,000 --> 00:35:15,839
talking about this because maybe by 29

814
00:35:14,640 --> 00:35:17,280
we've been doing this for a few years

815
00:35:15,839 --> 00:35:19,839
and so we're trying to continue down

816
00:35:17,280 --> 00:35:21,200
this course in case somebody's asking um

817
00:35:19,839 --> 00:35:24,400
of certainly what we're doing but yeah

818
00:35:21,200 --> 00:35:26,880
it seems to me I this becomes a guide as

819
00:35:24,400 --> 00:35:29,920
to okay this is kind of what the council

820
00:35:26,880 --> 00:35:32,720
was thinking back in the fall of 2026 or

821
00:35:29,920 --> 00:35:34,320
whenever the last update was and that is

822
00:35:32,720 --> 00:35:36,160
the reason why these decisions have been

823
00:35:34,320 --> 00:35:38,240
made to this point as to what we are

824
00:35:36,160 --> 00:35:40,000
attempting to achieve

825
00:35:38,240 --> 00:35:42,079
not just a why did we lose this last

826
00:35:40,000 --> 00:35:42,240
year

827
00:35:42,079 --> 00:35:44,240
I

828
00:35:42,240 --> 00:35:47,359
» Think it's a good res resource too for

829
00:35:44,240 --> 00:35:49,599
new council members coming in um I think

830
00:35:47,359 --> 00:35:52,560
some new council members come in with an

831
00:35:49,599 --> 00:35:53,920
idea of maybe have better ideas than

832
00:35:52,560 --> 00:35:57,119
this and they don't know the background

833
00:35:53,920 --> 00:35:58,720
I think this gives a good um story on

834
00:35:57,119 --> 00:36:02,800
what the council was thinking where the

835
00:35:58,720 --> 00:36:04,720
council was going and why um and maybe

836
00:36:02,800 --> 00:36:06,640
kind of changes some of their decisions

837
00:36:04,720 --> 00:36:08,560
when they come into council as a new

838
00:36:06,640 --> 00:36:11,440
council member.

839
00:36:08,560 --> 00:36:14,480
» This intended to be a draft.

840
00:36:11,440 --> 00:36:17,040
Um, we can make changes to it. [snorts]

841
00:36:14,480 --> 00:36:20,240
» And then just uh

842
00:36:17,040 --> 00:36:22,960
myself, I'm assuming

843
00:36:20,240 --> 00:36:26,560
the sale of the

844
00:36:22,960 --> 00:36:28,640
old Cedar City Center property sale of

845
00:36:26,560 --> 00:36:31,760
this building is not included in this

846
00:36:28,640 --> 00:36:33,760
projection at all. And then is the grant

847
00:36:31,760 --> 00:36:35,760
money

848
00:36:33,760 --> 00:36:37,440
figured in here? The payment down?

849
00:36:35,760 --> 00:36:38,960
» Yes. So if you go into the document

850
00:36:37,440 --> 00:36:40,640
itself, the grant money is figured in

851
00:36:38,960 --> 00:36:42,240
there. We figured in the what was it the

852
00:36:40,640 --> 00:36:45,359
500 for this year.

853
00:36:42,240 --> 00:36:47,440
» Um I see that I missed it.

854
00:36:45,359 --> 00:36:51,640
» Wasn't it on the other side?

855
00:36:47,440 --> 00:36:51,640
» Uh if you go into

856
00:36:52,560 --> 00:36:56,079
» Well, I remember st I remember it was on

857
00:36:54,400 --> 00:36:57,839
the sheet that you showed us as you were

858
00:36:56,079 --> 00:36:59,680
making those assumptions, but I don't

859
00:36:57,839 --> 00:37:01,440
know how many of those Excel sheets made

860
00:36:59,680 --> 00:37:05,359
it into this that was background.

861
00:37:01,440 --> 00:37:08,359
» I don't think we put it in as a chart.

862
00:37:05,359 --> 00:37:08,359
Um

863
00:37:08,720 --> 00:37:18,359
but we did utilize that again.

864
00:37:12,480 --> 00:37:18,359
Utilize it. And what is that?

865
00:37:19,200 --> 00:37:23,480
» 2025 A B

866
00:37:28,880 --> 00:37:33,280
25 C.

867
00:37:31,260 --> 00:37:33,280
[clears throat]

868
00:37:44,720 --> 00:37:49,200
Bruce, are you talking about

869
00:37:47,599 --> 00:37:51,359
» USDA?

870
00:37:49,200 --> 00:37:53,359
» Oh, the million.

871
00:37:51,359 --> 00:37:56,839
» I thought he was talking about

872
00:37:53,359 --> 00:37:56,839
» Money at first.

873
00:37:58,480 --> 00:38:01,200
» Yeah,

874
00:37:59,760 --> 00:38:02,800
» I know. We talked about it and you guys

875
00:38:01,200 --> 00:38:05,839
work to the

876
00:38:02,800 --> 00:38:07,440
be levied for 2025

877
00:38:05,839 --> 00:38:11,160
» That particular project

878
00:38:07,440 --> 00:38:11,160
» Where would it normally

879
00:38:11,920 --> 00:38:16,480
was it meant to go into the debt service

880
00:38:14,800 --> 00:38:18,160
fund schedule then

881
00:38:16,480 --> 00:38:19,359
» Yeah so the idea behind that since it

882
00:38:18,160 --> 00:38:20,000
was given to us to help pay for the

883
00:38:19,359 --> 00:38:21,839
police station

884
00:38:20,000 --> 00:38:23,839
» No I just meant wise

885
00:38:21,839 --> 00:38:27,000
» Oh on your schedule which one should I

886
00:38:23,839 --> 00:38:27,000
be looking

887
00:38:38,160 --> 00:38:42,720
Don't worry, Rick. I'm dying.

888
00:38:40,960 --> 00:38:46,160
» I'll try to wrap it up quick.

889
00:38:42,720 --> 00:38:49,480
» I only got four months. I'll be

890
00:38:46,160 --> 00:38:49,480
in this little

891
00:38:50,000 --> 00:38:52,720
big giant keys.

892
00:38:51,200 --> 00:38:54,800
» It's going to be in the new city hall.

893
00:38:52,720 --> 00:38:56,320
lock in.

894
00:38:54,800 --> 00:38:59,040
» You know those chairs down by the police

895
00:38:56,320 --> 00:39:00,640
station, the old police station? We'll

896
00:38:59,040 --> 00:39:02,320
put a little plaque on one of those as

897
00:39:00,640 --> 00:39:04,800
the memorial

898
00:39:02,320 --> 00:39:06,240
» From the 1930s or whatever.

899
00:39:04,800 --> 00:39:07,839
» So, we don't have a schedule. We don't

900
00:39:06,240 --> 00:39:11,440
have a schedule in there for it. But in

901
00:39:07,839 --> 00:39:15,200
27, we're utilizing 550,000

902
00:39:11,440 --> 00:39:16,400
28 300,000 29 250.

903
00:39:15,200 --> 00:39:18,240
» So, it wouldn't show up in your

904
00:39:16,400 --> 00:39:20,160
transfers in transfer. not showing up in

905
00:39:18,240 --> 00:39:22,800
the transfers because no because it's

906
00:39:20,160 --> 00:39:25,200
sitting in it's sitt the money is

907
00:39:22,800 --> 00:39:27,839
sitting in that debt fund right now.

908
00:39:25,200 --> 00:39:30,000
» Well, it will at the end of in 27 it's

909
00:39:27,839 --> 00:39:33,040
sitting in the debt fund. Then it's

910
00:39:30,000 --> 00:39:36,560
basically we're not levying 500,000

911
00:39:33,040 --> 00:39:38,560
550,000. We're reducing our levy 550,000

912
00:39:36,560 --> 00:39:42,160
and it's basically spending down the

913
00:39:38,560 --> 00:39:42,880
reserves in there in that in that fund.

914
00:39:42,160 --> 00:39:44,320
So there's

915
00:39:42,880 --> 00:39:46,240
» So yeah so when the money comes in it

916
00:39:44,320 --> 00:39:48,800
and gets coded directly to that fund

917
00:39:46,240 --> 00:39:51,200
» Gets put right into your debt fund and

918
00:39:48,800 --> 00:39:53,359
then you'll see once you look at your

919
00:39:51,200 --> 00:39:57,599
financial statements you'll see that

920
00:39:53,359 --> 00:39:58,560
this debt fund spent $550,000 more than

921
00:39:57,599 --> 00:40:03,200
» 500

922
00:39:58,560 --> 00:40:05,119
» 500,000 more than what you had um levied

923
00:40:03,200 --> 00:40:06,880
because you're utilizing the reserves

924
00:40:05,119 --> 00:40:08,880
that are in the fund rather than and

925
00:40:06,880 --> 00:40:11,200
those reserves are from the debt or from

926
00:40:08,880 --> 00:40:14,480
the grant.

927
00:40:11,200 --> 00:40:17,280
million goes into 2026. 500 comes out

928
00:40:14,480 --> 00:40:17,839
2027. That's kind of attributed to that

929
00:40:17,280 --> 00:40:19,359
grant.

930
00:40:17,839 --> 00:40:23,119
» Yep.

931
00:40:19,359 --> 00:40:25,200
» 300 the next year.

932
00:40:23,119 --> 00:40:26,240
Yep.

933
00:40:25,200 --> 00:40:29,119
» Yep.

934
00:40:26,240 --> 00:40:33,560
» So, that's just a a spend down of the

935
00:40:29,119 --> 00:40:33,560
reserves that's in there

936
00:40:36,240 --> 00:40:42,480
because you're you were theoretically

937
00:40:39,280 --> 00:40:45,119
you were supposed to levy 6

938
00:40:42,480 --> 00:40:47,520
20 almost 630,000

939
00:40:45,119 --> 00:40:50,079
for that bond. So, you're utilizing that

940
00:40:47,520 --> 00:40:52,320
grant.

941
00:40:50,079 --> 00:40:55,040
» Yeah. I I think a lot of things went

942
00:40:52,320 --> 00:40:59,160
behind the curtain here. When I looked

943
00:40:55,040 --> 00:40:59,160
at that was pretty

944
00:41:15,280 --> 00:41:21,240
What do you think the big risk areas are

945
00:41:18,000 --> 00:41:21,240
for us?

946
00:41:21,920 --> 00:41:27,240
fun for sure.

947
00:41:23,599 --> 00:41:27,240
» To me, it's more manageable.

948
00:41:28,800 --> 00:41:31,200
» What happens if we don't build 39

949
00:41:30,400 --> 00:41:35,520
houses?

950
00:41:31,200 --> 00:41:37,839
» Yeah. Then your tax rate would go would

951
00:41:35,520 --> 00:41:38,400
increase more than what it's showing in

952
00:41:37,839 --> 00:41:40,160
here right now,

953
00:41:38,400 --> 00:41:41,200
» Right? But I think those assumptions are

954
00:41:40,160 --> 00:41:42,400
in this model,

955
00:41:41,200 --> 00:41:44,960
» Right?

956
00:41:42,400 --> 00:41:46,640
» I hope we do build 39, but so far we

957
00:41:44,960 --> 00:41:47,440
built three this year and it's

958
00:41:46,640 --> 00:41:48,079
September.

959
00:41:47,440 --> 00:41:49,599
» Yeah.

960
00:41:48,079 --> 00:41:51,520
» So So, so I think the idea in those

961
00:41:49,599 --> 00:41:53,200
years is we would

962
00:41:51,520 --> 00:41:54,480
I mean, as we've said before, like we

963
00:41:53,200 --> 00:41:56,560
would have to adjust things that we're

964
00:41:54,480 --> 00:41:58,640
doing on our side to reduce the spending

965
00:41:56,560 --> 00:41:59,920
to match that. Like like I think that's

966
00:41:58,640 --> 00:42:03,440
what it is.

967
00:41:59,920 --> 00:42:05,040
year on I say yeah on the years that

968
00:42:03,440 --> 00:42:07,119
gang buster one year because suddenly

969
00:42:05,040 --> 00:42:08,800
three developments pop or build 120

970
00:42:07,119 --> 00:42:10,720
homes like then you have the

971
00:42:08,800 --> 00:42:14,319
conversation do you try to utilize that

972
00:42:10,720 --> 00:42:16,160
in the year you have it or do you try to

973
00:42:14,319 --> 00:42:18,079
keep spending down and everyone's

974
00:42:16,160 --> 00:42:19,680
everyone kind of paired back that year

975
00:42:18,079 --> 00:42:21,520
because of the extra capacity that you

976
00:42:19,680 --> 00:42:23,680
weren't expecting.

977
00:42:21,520 --> 00:42:25,040
So I I mean it's like with anything like

978
00:42:23,680 --> 00:42:26,480
you have to build the assumption in

979
00:42:25,040 --> 00:42:28,319
somewhere and I think that's just kind

980
00:42:26,480 --> 00:42:29,839
of where

981
00:42:28,319 --> 00:42:31,040
they landed based off of this and some

982
00:42:29,839 --> 00:42:33,440
of that I think came from the

983
00:42:31,040 --> 00:42:36,319
conversations if you remember just with

984
00:42:33,440 --> 00:42:38,000
with uh when JPB was here and they were

985
00:42:36,319 --> 00:42:39,359
talking about wanting to get going next

986
00:42:38,000 --> 00:42:41,359
year and kind of what they may be

987
00:42:39,359 --> 00:42:42,800
looking at potentially doing. And so

988
00:42:41,359 --> 00:42:44,720
that's kind of where that assumption

989
00:42:42,800 --> 00:42:47,359
came from, that assuming that actually

990
00:42:44,720 --> 00:42:48,880
does move forward as they seem to be,

991
00:42:47,359 --> 00:42:51,359
that is kind of the number they're

992
00:42:48,880 --> 00:42:51,599
shooting for building year in year out,

993
00:42:51,359 --> 00:42:53,359
» Right?

994
00:42:51,599 --> 00:42:54,240
» And I'm all for that and I hope it comes

995
00:42:53,359 --> 00:42:55,680
true, you know.

996
00:42:54,240 --> 00:42:57,359
» Yeah.

997
00:42:55,680 --> 00:42:59,200
» But, you know, still in the back of my

998
00:42:57,359 --> 00:43:01,280
mind

999
00:42:59,200 --> 00:43:03,760
because we've seen down years

1000
00:43:01,280 --> 00:43:06,640
» And and I do and as you said, there is

1001
00:43:03,760 --> 00:43:09,440
zero commercial growth built into this.

1002
00:43:06,640 --> 00:43:10,720
And so, um,

1003
00:43:09,440 --> 00:43:12,319
assuming we have a little bit of

1004
00:43:10,720 --> 00:43:13,839
commercial growth, that'll be stuff that

1005
00:43:12,319 --> 00:43:17,280
isn't even accounted for in here. It

1006
00:43:13,839 --> 00:43:21,599
would be revenue that would help pull

1007
00:43:17,280 --> 00:43:26,400
those levy or tax impacts down

1008
00:43:21,599 --> 00:43:29,040
» To go in that 35 house that's projected.

1009
00:43:26,400 --> 00:43:31,520
I guess in my mind, that's not not going

1010
00:43:29,040 --> 00:43:33,280
to make a lot of difference,

1011
00:43:31,520 --> 00:43:34,079
but I don't know how you put it into

1012
00:43:33,280 --> 00:43:34,720
your plan.

1013
00:43:34,079 --> 00:43:37,920
» Yep.

1014
00:43:34,720 --> 00:43:39,920
» Even if you build 35 today not going to

1015
00:43:37,920 --> 00:43:42,079
see the full effect of the tax capacity

1016
00:43:39,920 --> 00:43:46,440
in 2027

1017
00:43:42,079 --> 00:43:46,440
and not fully until

1018
00:43:47,680 --> 00:43:54,520
I'm not sure if you added 35 houses

1019
00:43:50,960 --> 00:43:54,520
capacity all

1020
00:43:54,640 --> 00:44:00,240
» You know what I mean

1021
00:43:57,200 --> 00:44:03,040
» Is it all tax capacity if you're you get

1022
00:44:00,240 --> 00:44:05,359
permit money for it you know don't we

1023
00:44:03,040 --> 00:44:06,720
get a certain amount permit

1024
00:44:05,359 --> 00:44:08,000
» We do money,

1025
00:44:06,720 --> 00:44:10,560
» But [clears throat] that's a different

1026
00:44:08,000 --> 00:44:11,280
item.

1027
00:44:10,560 --> 00:44:12,640
» 18 month.

1028
00:44:11,280 --> 00:44:16,280
» I don't know how you put it into your

1029
00:44:12,640 --> 00:44:16,280
rejection. So,

1030
00:44:17,040 --> 00:44:24,640
» Yeah, we do. So, when we said there was

1031
00:44:20,319 --> 00:44:27,520
36 houses going to be added, we added

1032
00:44:24,640 --> 00:44:29,839
back tax capacity for 36 houses

1033
00:44:27,520 --> 00:44:31,119
» In 2027.

1034
00:44:29,839 --> 00:44:33,280
» So, that would be one thing to probably

1035
00:44:31,119 --> 00:44:36,000
adjust then because I we won't be adding

1036
00:44:33,280 --> 00:44:38,319
36 and 27.

1037
00:44:36,000 --> 00:44:40,880
But there's also an 18month delay

1038
00:44:38,319 --> 00:44:43,760
between

1039
00:44:40,880 --> 00:44:48,079
that house and start paying those taxes.

1040
00:44:43,760 --> 00:44:50,560
Best values like 18 months.

1041
00:44:48,079 --> 00:44:52,400
» Ken, how quick does that is it like if

1042
00:44:50,560 --> 00:44:53,760
it has to happen before September or

1043
00:44:52,400 --> 00:44:54,720
something like that to catch it on the

1044
00:44:53,760 --> 00:44:59,000
next year?

1045
00:44:54,720 --> 00:44:59,000
» Yeah, it's about 18 months.

1046
00:45:05,359 --> 00:45:08,720
And you could certainly put in known

1047
00:45:07,119 --> 00:45:11,720
commercial activity [clears throat] this

1048
00:45:08,720 --> 00:45:11,720
year.

1049
00:45:14,480 --> 00:45:22,720
» Yeah. So 36 houses

1050
00:45:18,319 --> 00:45:25,839
tax capacity of about $124,000.

1051
00:45:22,720 --> 00:45:29,040
So it's not a huge impact that's

1052
00:45:25,839 --> 00:45:31,040
affecting it. So if you were off, if

1053
00:45:29,040 --> 00:45:32,720
it's 20, it's it's not going to affect

1054
00:45:31,040 --> 00:45:35,359
it.

1055
00:45:32,720 --> 00:45:38,359
» But did you license permits and all that

1056
00:45:35,359 --> 00:45:38,359
stuff?

1057
00:45:38,720 --> 00:45:45,319
» That's going to help.

1058
00:45:40,319 --> 00:45:45,319
» We won't even get 120 capacity.

1059
00:45:47,040 --> 00:45:51,800
» But once you get permits and other

1060
00:45:48,800 --> 00:45:51,800
stuff,

1061
00:45:52,400 --> 00:45:57,359
» It could

1062
00:45:55,040 --> 00:45:59,920
» We get two or 3,000 I don't know. What

1063
00:45:57,359 --> 00:46:01,760
do you get per house usually?

1064
00:45:59,920 --> 00:46:05,599
» Not including like connection fees and

1065
00:46:01,760 --> 00:46:08,800
everything. Probably 4,000

1066
00:46:05,599 --> 00:46:09,920
permit revenue.

1067
00:46:08,800 --> 00:46:13,079
» I mean that's higher than what you get

1068
00:46:09,920 --> 00:46:13,079
in tax.

1069
00:46:23,040 --> 00:46:27,599
So, what this should be used for, the

1070
00:46:25,200 --> 00:46:29,680
whole plan is just

1071
00:46:27,599 --> 00:46:33,359
um built [snorts] into your budgets each

1072
00:46:29,680 --> 00:46:36,160
year. Um and

1073
00:46:33,359 --> 00:46:39,280
if if council

1074
00:46:36,160 --> 00:46:41,200
um if you're at a whatever percentage

1075
00:46:39,280 --> 00:46:43,920
that levy is that there's some support

1076
00:46:41,200 --> 00:46:46,000
behind it. It not maybe a levy increase

1077
00:46:43,920 --> 00:46:48,160
this year doesn't necessarily maybe it's

1078
00:46:46,000 --> 00:46:50,000
not needed this year. Maybe it is, but

1079
00:46:48,160 --> 00:46:52,240
is also supporting future years as well.

1080
00:46:50,000 --> 00:46:55,200
So that's what this plan is going to I

1081
00:46:52,240 --> 00:46:56,560
think beneficial for.

1082
00:46:55,200 --> 00:46:57,920
You're not just thinking about one year

1083
00:46:56,560 --> 00:46:59,119
at a time.

1084
00:46:57,920 --> 00:47:01,520
I was saying the other thing is going

1085
00:46:59,119 --> 00:47:03,040
through this plan you see things you

1086
00:47:01,520 --> 00:47:04,960
mentioned like the fire truck purchase

1087
00:47:03,040 --> 00:47:07,040
far out to kind of see that and say okay

1088
00:47:04,960 --> 00:47:08,560
how how are we coming into that fire

1089
00:47:07,040 --> 00:47:11,040
truck purchase like

1090
00:47:08,560 --> 00:47:13,839
» Is can you do something this year next

1091
00:47:11,040 --> 00:47:16,480
year to help kind of pave the way for

1092
00:47:13,839 --> 00:47:20,040
that so that as we talk it doesn't spike

1093
00:47:16,480 --> 00:47:20,040
and come back down

1094
00:47:24,697 --> 00:47:26,717
[clears throat]

1095
00:47:29,440 --> 00:47:34,280
I guess were there other questions for

1096
00:47:31,280 --> 00:47:34,280
Brad.

1097
00:47:43,200 --> 00:47:47,119
So I guess assuming not um or if you

1098
00:47:45,920 --> 00:47:48,960
guys kind of look over this and have

1099
00:47:47,119 --> 00:47:52,400
more questions or requested changes

1100
00:47:48,960 --> 00:47:54,640
certainly let me know. Um and we would I

1101
00:47:52,400 --> 00:47:56,319
would assume come back here sometime in

1102
00:47:54,640 --> 00:47:59,200
September. the first meeting probably

1103
00:47:56,319 --> 00:48:00,480
the second meeting and formally I guess

1104
00:47:59,200 --> 00:48:03,599
adopt

1105
00:48:00,480 --> 00:48:06,880
» Accept or accept accept the plan what

1106
00:48:03,599 --> 00:48:08,560
we've seen so

1107
00:48:06,880 --> 00:48:09,760
» And by doing that you're not committing

1108
00:48:08,560 --> 00:48:12,560
to it

1109
00:48:09,760 --> 00:48:14,319
» Yeah I mean I'll compare it to a

1110
00:48:12,560 --> 00:48:16,160
comprehensive plan but it's certainly a

1111
00:48:14,319 --> 00:48:18,240
guide we're using but that can be

1112
00:48:16,160 --> 00:48:19,920
changed as

1113
00:48:18,240 --> 00:48:23,200
» Obviously things change even week to

1114
00:48:19,920 --> 00:48:27,720
week it seems like sometimes

1115
00:48:23,200 --> 00:48:27,720
» The key is it's changing philosophy.

1116
00:48:27,839 --> 00:48:34,200
» Yeah. So we this is kind of this is

1117
00:48:30,079 --> 00:48:34,200
attempting to adopt a philosophy.

1118
00:48:49,599 --> 00:48:54,960
» It'll just be a shift. I mean it

1119
00:48:52,960 --> 00:48:57,520
» It shouldn't be labor intensive. It's

1120
00:48:54,960 --> 00:49:01,200
just our history

1121
00:48:57,520 --> 00:49:04,559
is going to stay other places, you know,

1122
00:49:01,200 --> 00:49:07,680
so it'll be even recalling that for a

1123
00:49:04,559 --> 00:49:10,240
little while that a new fund.

1124
00:49:07,680 --> 00:49:12,160
We'll have to look back at history. So

1125
00:49:10,240 --> 00:49:14,400
» I mean I think once it's organized it is

1126
00:49:12,160 --> 00:49:15,920
going to be really

1127
00:49:14,400 --> 00:49:18,559
easy to read.

1128
00:49:15,920 --> 00:49:20,800
» Um it'll just be that beginning infancy

1129
00:49:18,559 --> 00:49:22,640
stages of

1130
00:49:20,800 --> 00:49:24,400
Yeah. first couple years of okay, how

1131
00:49:22,640 --> 00:49:26,000
did we do this last time and have to go

1132
00:49:24,400 --> 00:49:27,599
back a few different ways?

1133
00:49:26,000 --> 00:49:29,920
» We're envisioning that like within the

1134
00:49:27,599 --> 00:49:31,599
fund

1135
00:49:29,920 --> 00:49:33,520
uh for example in the line by line right

1136
00:49:31,599 --> 00:49:35,440
now how we have our different uh

1137
00:49:33,520 --> 00:49:37,520
departments within the fund we'd have a

1138
00:49:35,440 --> 00:49:40,079
different department to outline that

1139
00:49:37,520 --> 00:49:45,000
like this was streets equipment this was

1140
00:49:40,079 --> 00:49:45,000
parks equipment so we'll follow that

1141
00:49:50,800 --> 00:49:58,760
else.

1142
00:49:53,359 --> 00:49:58,760
I appreciate it. Thanks. Definitely

1143
00:49:59,119 --> 00:50:04,599
wise

1144
00:50:01,200 --> 00:50:04,599
be a good footprint

1145
00:50:05,359 --> 00:50:09,000
forward if that's

1146
00:50:10,880 --> 00:50:15,040
going to have a little different council

1147
00:50:12,400 --> 00:50:16,480
next year.

1148
00:50:15,040 --> 00:50:22,280
They'll have a

1149
00:50:16,480 --> 00:50:22,280
idea of the direction that this council.

1150
00:50:30,000 --> 00:50:32,160
» All right. Good. Thank you.

1151
00:50:31,599 --> 00:50:33,760
» Thank you.

1152
00:50:32,160 --> 00:50:34,800
» And if anyone has any questions, we'll

1153
00:50:33,760 --> 00:50:38,040
shoot them to Josh.

1154
00:50:34,800 --> 00:50:38,040
» That works.

1155
00:50:42,079 --> 00:50:44,319
» We do it and approve it.

1156
00:50:43,520 --> 00:50:45,440
» That sounds great.

1157
00:50:44,319 --> 00:50:47,920
» All right. Thank you very much.

1158
00:50:45,440 --> 00:50:48,880
» Thank you.

1159
00:50:47,920 --> 00:50:52,040
» Thank you very much.

1160
00:50:48,880 --> 00:50:52,040
» Thank you.

1161
00:50:55,359 --> 00:50:58,880
» I have a whole bunch of cough drops in

1162
00:50:56,800 --> 00:51:00,480
my desk. Need one.

1163
00:50:58,880 --> 00:51:02,480
» I don't think I'd get too close to him.

1164
00:51:00,480 --> 00:51:03,760
I mean, if you have them or just

1165
00:51:02,480 --> 00:51:05,520
» You want me to go out in the hall?

1166
00:51:03,760 --> 00:51:08,240
» Just lob them from here.

1167
00:51:05,520 --> 00:51:10,800
» Yeah, I'll just roll.

1168
00:51:08,240 --> 00:51:12,400
» You want me to go up there and sit there

1169
00:51:10,800 --> 00:51:15,680
look down at you minions?

1170
00:51:12,400 --> 00:51:16,160
» Can you go virtual? Can you go virtual?

1171
00:51:15,680 --> 00:51:18,319
» What's that?

1172
00:51:16,160 --> 00:51:20,079
» Can you go virtual? That's what she

1173
00:51:18,319 --> 00:51:24,040
thought about

1174
00:51:20,079 --> 00:51:24,040
your bid all over.

1175
00:51:25,359 --> 00:51:32,200
» The same thing in bad.

1176
00:51:28,000 --> 00:51:32,200
» No, I just think I got so

1177
00:51:37,599 --> 00:51:41,760
» Spring chicken.

1178
00:51:40,150 --> 00:51:43,920
[laughter]

1179
00:51:41,760 --> 00:51:44,800
» Thanks for the You're not telling me

1180
00:51:43,920 --> 00:51:47,599
anything I don't know.

1181
00:51:44,800 --> 00:51:52,200
» He knows. He says it all the time.

1182
00:51:47,599 --> 00:51:52,200
» I think being mayor is a good R.

1183
00:51:53,119 --> 00:51:55,760
» Yeah. You don't have to go do all that

1184
00:51:54,480 --> 00:52:00,599
golfing all the time.

1185
00:51:55,760 --> 00:52:00,599
» Yeah. Like the rounds are way down.

1186
00:52:05,520 --> 00:52:08,480
» Thanks.

1187
00:52:06,480 --> 00:52:10,079
» See you. [snorts]

1188
00:52:08,480 --> 00:52:12,901
Next time bring a cooler with beers and

1189
00:52:10,079 --> 00:52:14,921
we'll meet you at the front door.

1190
00:52:12,901 --> 00:52:14,921
» [snorts]

1191
00:52:16,160 --> 00:52:19,440
» You can get a DUI in that thing. Be

1192
00:52:18,079 --> 00:52:23,436
careful.

1193
00:52:19,440 --> 00:52:23,436
» No. I get drunk in public. [snorts]

1194
00:52:24,640 --> 00:52:32,480
» So, obviously now we're going to go over

1195
00:52:28,079 --> 00:52:33,359
your 27 proposed general

1196
00:52:32,480 --> 00:52:33,680
overview.

1197
00:52:33,359 --> 00:52:34,960
» Yep.

1198
00:52:33,680 --> 00:52:39,800
» I assume we're going to start on what

1199
00:52:34,960 --> 00:52:39,800
page is that? 70.

1200
00:52:39,920 --> 00:52:42,920
» Yeah.

1201
00:52:43,920 --> 00:52:47,920
Yeah. So, just kind of going over the

1202
00:52:45,359 --> 00:52:49,760
overview here of kind of what we're

1203
00:52:47,920 --> 00:52:53,280
looking at as well as what has changed a

1204
00:52:49,760 --> 00:52:55,200
little bit. Of note, I did put a new

1205
00:52:53,280 --> 00:52:57,599
what if comparison in front of each of

1206
00:52:55,200 --> 00:53:00,160
you. We will we will be putting this on

1207
00:52:57,599 --> 00:53:03,119
the website. On Friday, late Friday

1208
00:53:00,160 --> 00:53:04,800
afternoon, I did get the Mass County

1209
00:53:03,119 --> 00:53:10,079
properties and how they would lay out on

1210
00:53:04,800 --> 00:53:13,040
this graph um for them. So of note uh as

1211
00:53:10,079 --> 00:53:16,240
you look at that giant sheet on the very

1212
00:53:13,040 --> 00:53:18,400
so of the the middle

1213
00:53:16,240 --> 00:53:22,559
little middle excel graph over there on

1214
00:53:18,400 --> 00:53:27,040
the very right hand side it will lay out

1215
00:53:22,559 --> 00:53:29,839
how the various the 1268 properties in

1216
00:53:27,040 --> 00:53:32,400
sewer county and the 157 properties in

1217
00:53:29,839 --> 00:53:34,240
Scott County um how they changed in

1218
00:53:32,400 --> 00:53:38,640
value and a lot of that change in value

1219
00:53:34,240 --> 00:53:41,760
is going to reflect um how your property

1220
00:53:38,640 --> 00:53:44,480
taxes will change in the coming year. Of

1221
00:53:41,760 --> 00:53:46,000
note, as you look at it, uh there were

1222
00:53:44,480 --> 00:53:49,119
only

1223
00:53:46,000 --> 00:53:52,480
12 properties in on Lassour County side

1224
00:53:49,119 --> 00:53:56,079
that will be lowering in value in 2027.

1225
00:53:52,480 --> 00:53:59,440
Um compared to 703 properties, 703 I

1226
00:53:56,079 --> 00:54:02,000
believe that that um on the Scott County

1227
00:53:59,440 --> 00:54:04,079
side. So

1228
00:54:02,000 --> 00:54:06,240
generally Lassour County properties will

1229
00:54:04,079 --> 00:54:07,920
probably be slightly more impacted and

1230
00:54:06,240 --> 00:54:11,200
Scott County properties will be slightly

1231
00:54:07,920 --> 00:54:12,880
less impacted on a whole just based on

1232
00:54:11,200 --> 00:54:14,319
so

1233
00:54:12,880 --> 00:54:17,119
and then the other sheet that I just

1234
00:54:14,319 --> 00:54:21,359
passed out to you uh updated that

1235
00:54:17,119 --> 00:54:23,760
average tax impact on there. Um and I

1236
00:54:21,359 --> 00:54:25,760
know at the last meeting I believe Sean

1237
00:54:23,760 --> 00:54:27,599
you had asked well what was it in prior

1238
00:54:25,760 --> 00:54:29,760
years? I went back as far as I could

1239
00:54:27,599 --> 00:54:32,400
find it. Um, able to get that average

1240
00:54:29,760 --> 00:54:34,480
tax impact which got me back to 2022.

1241
00:54:32,400 --> 00:54:36,640
Um, and so that is kind of how the

1242
00:54:34,480 --> 00:54:39,680
average tax impact has changed over the

1243
00:54:36,640 --> 00:54:42,240
last six years. Um, going forward with

1244
00:54:39,680 --> 00:54:45,280
that. So,

1245
00:54:42,240 --> 00:54:48,640
uh, yeah, just kind of going through the

1246
00:54:45,280 --> 00:54:51,520
uh kind of proposed general fund uh

1247
00:54:48,640 --> 00:54:53,119
stuff. We have uh, as we mentioned the

1248
00:54:51,520 --> 00:54:56,240
budget in front of us. I believe our

1249
00:54:53,119 --> 00:54:59,760
last one uh when we started was around

1250
00:54:56,240 --> 00:55:04,319
that 13% range if I remember right. Um

1251
00:54:59,760 --> 00:55:06,960
this one uh we are down to 7.56

1252
00:55:04,319 --> 00:55:10,480
and that is mostly taking a change um

1253
00:55:06,960 --> 00:55:13,440
and using slightly more of that police

1254
00:55:10,480 --> 00:55:14,960
station uh money up front instead of

1255
00:55:13,440 --> 00:55:16,880
stretching it out over about a seven or

1256
00:55:14,960 --> 00:55:20,400
eight year periods uh kind of condensing

1257
00:55:16,880 --> 00:55:23,119
it down to a four-year ramp down. Uh, of

1258
00:55:20,400 --> 00:55:25,119
note as we look at that, uh, that still

1259
00:55:23,119 --> 00:55:26,480
may even be slightly high. I know I'

1260
00:55:25,119 --> 00:55:30,480
mentioned that we would have about

1261
00:55:26,480 --> 00:55:32,160
$250,000 left. Um, I know that we are

1262
00:55:30,480 --> 00:55:34,800
kind of at this point working down

1263
00:55:32,160 --> 00:55:38,319
towards some of the final pays. And so,

1264
00:55:34,800 --> 00:55:41,839
of that 250, I put 200 of it in there

1265
00:55:38,319 --> 00:55:43,119
um, at this point and kind of waiting on

1266
00:55:41,839 --> 00:55:44,720
that final number. I didn't want to put

1267
00:55:43,119 --> 00:55:47,839
250 in there and then it come out to be

1268
00:55:44,720 --> 00:55:49,920
like 243 and have to back that off. So,

1269
00:55:47,839 --> 00:55:53,839
um, there is somewhere

1270
00:55:49,920 --> 00:55:55,680
between zero and 50,000 that that debt

1271
00:55:53,839 --> 00:55:58,640
service levy there's the potential to

1272
00:55:55,680 --> 00:56:00,960
decrease that here um as we get those

1273
00:55:58,640 --> 00:56:01,359
final payouts

1274
00:56:00,960 --> 00:56:03,680
uh

1275
00:56:01,359 --> 00:56:04,880
» Which is what like 3/4%

1276
00:56:03,680 --> 00:56:07,839
» Ish yeah

1277
00:56:04,880 --> 00:56:12,000
» So the magic number is still 7.56

1278
00:56:07,839 --> 00:56:13,119
» 7 7.56 is where the current numbers are

1279
00:56:12,000 --> 00:56:15,760
sitting in front of us

1280
00:56:13,119 --> 00:56:18,760
» So none of this assumes the adoption of

1281
00:56:15,760 --> 00:56:18,760
this

1282
00:56:19,599 --> 00:56:24,799
Oh, or of of the the plan.

1283
00:56:22,240 --> 00:56:26,319
» Uh that is correct. Like they they kind

1284
00:56:24,799 --> 00:56:28,319
of worked through all this was worked

1285
00:56:26,319 --> 00:56:29,200
through separately from what they worked

1286
00:56:28,319 --> 00:56:30,880
through.

1287
00:56:29,200 --> 00:56:33,680
» Right.

1288
00:56:30,880 --> 00:56:35,040
Why is it 7.5?

1289
00:56:33,680 --> 00:56:36,559
» Yeah.

1290
00:56:35,040 --> 00:56:37,680
» Yep.

1291
00:56:36,559 --> 00:56:39,760
» And this seven.

1292
00:56:37,680 --> 00:56:41,520
» But but yes, is this if we were to take

1293
00:56:39,760 --> 00:56:44,240
another 50 out of that, that drops us

1294
00:56:41,520 --> 00:56:45,760
down to like a 6.8 something. So it

1295
00:56:44,240 --> 00:56:48,319
actually drops us slightly below where

1296
00:56:45,760 --> 00:56:50,079
they shot.

1297
00:56:48,319 --> 00:56:52,559
» Well, I mean, if we would say we want to

1298
00:56:50,079 --> 00:56:53,920
match

1299
00:56:52,559 --> 00:56:56,720
at seven and then you said there's

1300
00:56:53,920 --> 00:57:00,559
another 200,000.

1301
00:56:56,720 --> 00:57:02,720
» No, he took the 200,00

1302
00:57:00,559 --> 00:57:05,359
that that projection has the 500 built

1303
00:57:02,720 --> 00:57:07,040
in. I've only built 450 of it into this

1304
00:57:05,359 --> 00:57:08,559
because I want to make sure that I'd

1305
00:57:07,040 --> 00:57:10,799
mentioned that we were going to have

1306
00:57:08,559 --> 00:57:13,200
$253,000

1307
00:57:10,799 --> 00:57:14,640
left over from unspent construction

1308
00:57:13,200 --> 00:57:16,400
contingency funds.

1309
00:57:14,640 --> 00:57:17,680
» Right. And that's not in this number.

1310
00:57:16,400 --> 00:57:19,119
» That is built into that number.

1311
00:57:17,680 --> 00:57:20,559
» Oh, yes. You

1312
00:57:19,119 --> 00:57:21,839
» Yes. Yeah. We Yeah, we built into that

1313
00:57:20,559 --> 00:57:24,319
and they built in the full number to

1314
00:57:21,839 --> 00:57:27,680
that. I only put because remember we

1315
00:57:24,319 --> 00:57:31,599
came we had 250 in here last time. So I

1316
00:57:27,680 --> 00:57:34,480
put of the remaining estimated 253. I

1317
00:57:31,599 --> 00:57:35,680
slid over 200 of it knowing that I

1318
00:57:34,480 --> 00:57:37,920
wanted to make sure we got to the end of

1319
00:57:35,680 --> 00:57:39,599
the project and didn't spend money then

1320
00:57:37,920 --> 00:57:42,960
have to like back it off down to like

1321
00:57:39,599 --> 00:57:44,799
two 235 or something. Yeah. So, in the

1322
00:57:42,960 --> 00:57:46,720
next month or so, we should be able to

1323
00:57:44,799 --> 00:57:50,880
wrap that up and potentially take off

1324
00:57:46,720 --> 00:57:51,920
another up to $50,000 off of that debt

1325
00:57:50,880 --> 00:57:55,680
service if we wanted to.

1326
00:57:51,920 --> 00:57:58,640
» I think you're looking at 6% then 6

1327
00:57:55,680 --> 00:58:00,960
» 6.8 something like that. Is that about

1328
00:57:58,640 --> 00:58:01,760
the only differences from the numbers in

1329
00:58:00,960 --> 00:58:06,400
here?

1330
00:58:01,760 --> 00:58:09,440
» Uh so the other big change um

1331
00:58:06,400 --> 00:58:11,839
uh I believe came out of the uh parks

1332
00:58:09,440 --> 00:58:13,440
board and Ken can Ken can correct me if

1333
00:58:11,839 --> 00:58:16,319
I'm wrong. They reduced their number

1334
00:58:13,440 --> 00:58:18,559
down to was that 30,000

1335
00:58:16,319 --> 00:58:20,960
project that was built into this

1336
00:58:18,559 --> 00:58:20,960
» I believe.

1337
00:58:21,520 --> 00:58:26,480
that would that wouldn't really affect

1338
00:58:23,760 --> 00:58:28,240
this projection this scenario we're

1339
00:58:26,480 --> 00:58:30,799
using

1340
00:58:28,240 --> 00:58:32,480
capital fund. So that won't affect

1341
00:58:30,799 --> 00:58:33,520
» Correct. Yes. And and and the thing the

1342
00:58:32,480 --> 00:58:36,240
thing they did with a lot of their

1343
00:58:33,520 --> 00:58:37,920
projections is they took our 26 numbers

1344
00:58:36,240 --> 00:58:40,480
and they just built in the assumptions.

1345
00:58:37,920 --> 00:58:42,559
So everything went up 3% or everything

1346
00:58:40,480 --> 00:58:43,839
went up 6% or that sort of thing. And so

1347
00:58:42,559 --> 00:58:46,000
when we work through it, we're a little

1348
00:58:43,839 --> 00:58:47,760
more nuanced with it. So we may be

1349
00:58:46,000 --> 00:58:52,000
slightly higher or slightly lower based

1350
00:58:47,760 --> 00:58:56,079
off maybe supplies went up 3.4% or wages

1351
00:58:52,000 --> 00:58:57,760
only went up 5.7%. So um they they had

1352
00:58:56,079 --> 00:59:00,160
very

1353
00:58:57,760 --> 00:59:02,079
uh flatbased assumptions rolling through

1354
00:59:00,160 --> 00:59:05,520
whereas ours are getting more nuanced

1355
00:59:02,079 --> 00:59:06,960
than what they've gotten into 2028

1356
00:59:05,520 --> 00:59:08,960
further. I would see that make a big

1357
00:59:06,960 --> 00:59:11,280
difference but 2027

1358
00:59:08,960 --> 00:59:12,640
» 2027 we should be fairly tight because I

1359
00:59:11,280 --> 00:59:14,480
know they did ask us kind of where

1360
00:59:12,640 --> 00:59:16,319
things were landing at this point. So

1361
00:59:14,480 --> 00:59:19,200
yeah, I mean if you calculate out that

1362
00:59:16,319 --> 00:59:21,040
additional um 50,000 if that's where

1363
00:59:19,200 --> 00:59:23,520
that ends up, we would be very close to

1364
00:59:21,040 --> 00:59:26,520
where they land on their overall

1365
00:59:23,520 --> 00:59:26,520
increase.

1366
00:59:30,640 --> 00:59:35,760
So I guess as other things of note that

1367
00:59:32,480 --> 00:59:41,079
we we had mentioned, I did include in

1368
00:59:35,760 --> 00:59:41,079
there um the

1369
00:59:42,160 --> 00:59:45,440
historic market adjustments. I'm not

1370
00:59:43,839 --> 00:59:48,079
sure which page this lands on for you

1371
00:59:45,440 --> 00:59:53,880
guys because I look at the HTML version

1372
00:59:48,079 --> 00:59:53,880
of the packet versus the PDF version. Um

1373
00:59:54,960 --> 01:00:01,440
but it goes kind of breaks down uh wage

1374
00:59:59,359 --> 01:00:05,440
growth versus inflation measures as we

1375
01:00:01,440 --> 01:00:07,359
have done over the last um few years.

1376
01:00:05,440 --> 01:00:10,880
I guess of note I know last time we

1377
01:00:07,359 --> 01:00:14,240
talked uh social security colo was

1378
01:00:10,880 --> 01:00:15,641
estimating at 3.7 um uh inflation

1379
01:00:14,240 --> 01:00:17,040
pressures actually have come back quite

1380
01:00:15,641 --> 01:00:19,760
[clears throat] a bit here in June and

1381
01:00:17,040 --> 01:00:23,359
July uh in fact have gone uh slightly

1382
01:00:19,760 --> 01:00:26,960
negative and so um I think the last

1383
01:00:23,359 --> 01:00:29,440
sheet I had down it was about a uh 3%

1384
01:00:26,960 --> 01:00:31,680
CPI up through May and it's down to a

1385
01:00:29,440 --> 01:00:33,280
2.7 just based off June and July going

1386
01:00:31,680 --> 01:00:35,680
back. I don't know where that's going to

1387
01:00:33,280 --> 01:00:37,359
land. uh social [snorts] security

1388
01:00:35,680 --> 01:00:40,799
estimates I could find were sitting at

1389
01:00:37,359 --> 01:00:43,359
about 3.6 now instead of 3.7, but that

1390
01:00:40,799 --> 01:00:44,799
number becomes finalized in October. Uh

1391
01:00:43,359 --> 01:00:47,440
and so we should know more at that

1392
01:00:44,799 --> 01:00:49,040
point. Anecdotally, uh more numbers have

1393
01:00:47,440 --> 01:00:51,520
been kind of coming in from surrounding

1394
01:00:49,040 --> 01:00:55,119
communities and a lot of people are

1395
01:00:51,520 --> 01:00:56,319
ending up in that 3 to 5% range. Um kind

1396
01:00:55,119 --> 01:00:59,119
of across the board with a lot of them

1397
01:00:56,319 --> 01:01:00,880
hitting right around that four. Uh the

1398
01:00:59,119 --> 01:01:03,200
budget in front of us does have 4%

1399
01:01:00,880 --> 01:01:04,880
worked into it. Um, [clears throat] and

1400
01:01:03,200 --> 01:01:07,680
I guess at this point, certainly being a

1401
01:01:04,880 --> 01:01:10,319
preliminary budget, I would recommend we

1402
01:01:07,680 --> 01:01:11,760
leave it there as we wait to see how

1403
01:01:10,319 --> 01:01:14,960
things are going to play out in the

1404
01:01:11,760 --> 01:01:17,280
coming months. Uh,

1405
01:01:14,960 --> 01:01:18,880
I know here in September, we'll

1406
01:01:17,280 --> 01:01:22,400
certainly set our preliminary not to

1407
01:01:18,880 --> 01:01:25,839
exceed. So, if this particular budget

1408
01:01:22,400 --> 01:01:28,720
ends up getting um this levy number set,

1409
01:01:25,839 --> 01:01:30,319
that would basically mean that a 7.56%

1410
01:01:28,720 --> 01:01:34,240
increase is the highest that we would be

1411
01:01:30,319 --> 01:01:36,960
able to do as we continue to um work on

1412
01:01:34,240 --> 01:01:38,880
numbers such as health insurance and all

1413
01:01:36,960 --> 01:01:42,599
the other stuff and rate equipment and

1414
01:01:38,880 --> 01:01:42,599
see what we can figure out.

1415
01:01:44,079 --> 01:01:47,839
The other thing I did put and I kind of

1416
01:01:46,079 --> 01:01:49,040
put it as a narrative in the packet. We

1417
01:01:47,839 --> 01:01:52,000
can certainly talk through it if you'd

1418
01:01:49,040 --> 01:01:56,079
like. Uh I know we kind of had a small

1419
01:01:52,000 --> 01:02:00,079
discussion last time about how to handle

1420
01:01:56,079 --> 01:02:03,119
um potential sal well sorry wage salary

1421
01:02:00,079 --> 01:02:04,480
scale adjustments. Um, and I just I kind

1422
01:02:03,119 --> 01:02:07,119
of put my thoughts into a couple

1423
01:02:04,480 --> 01:02:10,559
paragraphs in here. Um, kind of

1424
01:02:07,119 --> 01:02:13,920
evaluating on uh organizations and how

1425
01:02:10,559 --> 01:02:17,119
they weigh the tradeoffs between

1426
01:02:13,920 --> 01:02:19,520
percentage base um raises or flat dollar

1427
01:02:17,119 --> 01:02:23,680
adjustments for scales.

1428
01:02:19,520 --> 01:02:27,119
And I kind of talk about how in my

1429
01:02:23,680 --> 01:02:29,599
opinion a lot of times as

1430
01:02:27,119 --> 01:02:32,480
organizations do this uh wage structures

1431
01:02:29,599 --> 01:02:34,000
are designed to reflect various levels

1432
01:02:32,480 --> 01:02:37,599
of responsibility, training,

1433
01:02:34,000 --> 01:02:40,079
supervision, and ultimately um

1434
01:02:37,599 --> 01:02:43,200
accountability for various positions. Uh

1435
01:02:40,079 --> 01:02:45,839
and a percentage raise keeps that

1436
01:02:43,200 --> 01:02:48,880
relative distance between the various

1437
01:02:45,839 --> 01:02:50,559
job levels the same.

1438
01:02:48,880 --> 01:02:52,160
basically ensuring that senior and

1439
01:02:50,559 --> 01:02:53,920
specialized staff are rewarded for their

1440
01:02:52,160 --> 01:02:56,240
added responsibility and accountability

1441
01:02:53,920 --> 01:02:58,880
that they're required to do. Um, and

1442
01:02:56,240 --> 01:03:02,000
keeps us competitive with uh the outside

1443
01:02:58,880 --> 01:03:04,640
job market and those around us um to try

1444
01:03:02,000 --> 01:03:06,400
to retain those

1445
01:03:04,640 --> 01:03:08,799
people because that exper that

1446
01:03:06,400 --> 01:03:11,440
experience is invaluable ultimately as

1447
01:03:08,799 --> 01:03:14,319
staff turnover and you're having to you

1448
01:03:11,440 --> 01:03:19,280
lose a lot of experience in those upper

1449
01:03:14,319 --> 01:03:21,200
levels if uh if as they leave. So, by

1450
01:03:19,280 --> 01:03:23,760
contrast, there are certainly benefits

1451
01:03:21,200 --> 01:03:26,240
to doing a flat dollar raise. Um,

1452
01:03:23,760 --> 01:03:29,200
certainly to the lower wage positions

1453
01:03:26,240 --> 01:03:30,799
and entry level staff. Um, it certainly

1454
01:03:29,200 --> 01:03:32,240
helps with immediate cost of living

1455
01:03:30,799 --> 01:03:33,680
pressures, though it does create a

1456
01:03:32,240 --> 01:03:35,599
problem with wage compensate or

1457
01:03:33,680 --> 01:03:38,240
compression. I don't know if you

1458
01:03:35,599 --> 01:03:40,079
remember, um, when Autosolve was going

1459
01:03:38,240 --> 01:03:41,920
through their

1460
01:03:40,079 --> 01:03:43,359
stuff. I know they spoke to it. I think

1461
01:03:41,920 --> 01:03:45,280
just about every time they talk to us

1462
01:03:43,359 --> 01:03:47,599
and I they spoke to it to the greater

1463
01:03:45,280 --> 01:03:50,319
council as well is constantly doing wage

1464
01:03:47,599 --> 01:03:52,640
compression tests to ensure that there

1465
01:03:50,319 --> 01:03:54,640
is still a

1466
01:03:52,640 --> 01:03:57,039
um

1467
01:03:54,640 --> 01:04:01,920
maybe reward or incentive is maybe the

1468
01:03:57,039 --> 01:04:05,119
better word um for uh high quality staff

1469
01:04:01,920 --> 01:04:06,960
to want to move up into a position with

1470
01:04:05,119 --> 01:04:10,640
higher levels of accountability and

1471
01:04:06,960 --> 01:04:13,200
responsibility. um as as those wages

1472
01:04:10,640 --> 01:04:14,799
compress uh you start looking at it and

1473
01:04:13,200 --> 01:04:17,039
going it's not even worth moving

1474
01:04:14,799 --> 01:04:19,359
potentially up and being held to a

1475
01:04:17,039 --> 01:04:21,200
higher standard and having to be more

1476
01:04:19,359 --> 01:04:24,160
accountable for the not only my own

1477
01:04:21,200 --> 01:04:26,000
actions but the actions of others. Um

1478
01:04:24,160 --> 01:04:28,160
and so part of by keeping it a

1479
01:04:26,000 --> 01:04:32,640
percentage base it helps keep that

1480
01:04:28,160 --> 01:04:33,839
compression and um reduced. So, I feel

1481
01:04:32,640 --> 01:04:36,240
like I talked around that and didn't

1482
01:04:33,839 --> 01:04:39,440
really have a good auditory way of

1483
01:04:36,240 --> 01:04:41,119
presenting that, but hopefully my my

1484
01:04:39,440 --> 01:04:42,640
writing made a little more sense on

1485
01:04:41,119 --> 01:04:44,079
that. But we can certainly talk about

1486
01:04:42,640 --> 01:04:48,599
that because I know we did last time.

1487
01:04:44,079 --> 01:04:48,599
» Is laughing at the city manager allowed?

1488
01:04:48,640 --> 01:04:52,599
» You wouldn't be the first one, Rick.

1489
01:04:52,640 --> 01:04:58,160
» Well, I mentioned last time I think 4%'s

1490
01:04:56,160 --> 01:05:02,480
higher side, much higher side than what

1491
01:04:58,160 --> 01:05:04,799
I would comfortable with or at least

1492
01:05:02,480 --> 01:05:06,480
But then I've also expressed in the past

1493
01:05:04,799 --> 01:05:09,119
my

1494
01:05:06,480 --> 01:05:14,559
experience

1495
01:05:09,119 --> 01:05:18,280
of using cola as a guide to increases

1496
01:05:14,559 --> 01:05:18,280
from my past experience

1497
01:05:18,480 --> 01:05:24,559
businesses.

1498
01:05:21,200 --> 01:05:26,319
But so I I try to think about that and

1499
01:05:24,559 --> 01:05:29,920
when I look at the projections we have

1500
01:05:26,319 --> 01:05:32,240
in the financial projections

1501
01:05:29,920 --> 01:05:35,119
that kind of rings rings a little louder

1502
01:05:32,240 --> 01:05:40,480
when I think about that we use 6% is an

1503
01:05:35,119 --> 01:05:43,200
annual increase cost me we I mentioned

1504
01:05:40,480 --> 01:05:46,240
in the past that that trajectory is

1505
01:05:43,200 --> 01:05:48,640
pretty high and to think that that would

1506
01:05:46,240 --> 01:05:50,400
go on

1507
01:05:48,640 --> 01:05:53,599
there's just not enough leverage to try

1508
01:05:50,400 --> 01:05:55,599
to manage your cost

1509
01:05:53,599 --> 01:05:58,240
and

1510
01:05:55,599 --> 01:06:02,559
I think through more about that I

1511
01:05:58,240 --> 01:06:04,640
brought up the fixed things and part of

1512
01:06:02,559 --> 01:06:07,680
the trouble with the fixed thing I think

1513
01:06:04,640 --> 01:06:10,160
when we talked about last my mind to

1514
01:06:07,680 --> 01:06:12,880
think about it was that

1515
01:06:10,160 --> 01:06:16,240
treating that increase as a kind of a

1516
01:06:12,880 --> 01:06:20,880
cola but we're trying to do two things

1517
01:06:16,240 --> 01:06:23,760
with it I think about

1518
01:06:20,880 --> 01:06:25,680
better to think about it separately. But

1519
01:06:23,760 --> 01:06:27,520
if we want to do cola or something

1520
01:06:25,680 --> 01:06:32,960
that's

1521
01:06:27,520 --> 01:06:35,680
odd to cola, then we look at adopting a

1522
01:06:32,960 --> 01:06:38,559
number that's flat

1523
01:06:35,680 --> 01:06:41,280
and another number that's percentage is

1524
01:06:38,559 --> 01:06:47,760
a small amount. Purpose would be to try

1525
01:06:41,280 --> 01:06:49,440
to match not match to try to influence

1526
01:06:47,760 --> 01:06:52,319
Gale to be more

1527
01:06:49,440 --> 01:06:53,920
But I do have a little I do have trouble

1528
01:06:52,319 --> 01:06:57,079
a little trouble right now that we're

1529
01:06:53,920 --> 01:06:57,079
looking at

1530
01:06:57,119 --> 01:07:01,839
such a number like that that most of

1531
01:06:59,359 --> 01:07:04,480
that would be

1532
01:07:01,839 --> 01:07:07,680
used in a sense to

1533
01:07:04,480 --> 01:07:11,119
address the competitive issue.

1534
01:07:07,680 --> 01:07:15,200
after we just did it adopted this study

1535
01:07:11,119 --> 01:07:18,799
last year and so closely done it just

1536
01:07:15,200 --> 01:07:21,920
seems like a very high number.

1537
01:07:18,799 --> 01:07:23,599
You look at the cost of inflation

1538
01:07:21,920 --> 01:07:26,599
for the typical homeowner. It's about

1539
01:07:23,599 --> 01:07:26,599
$2,100.

1540
01:07:27,119 --> 01:07:34,079
That effect is the same for everybody.

1541
01:07:29,280 --> 01:07:37,200
That's not by the amount of money you

1542
01:07:34,079 --> 01:07:40,480
increase based on the price level. price

1543
01:07:37,200 --> 01:07:42,559
level from one year to the next.

1544
01:07:40,480 --> 01:07:44,319
But the dollar amount of change is a

1545
01:07:42,559 --> 01:07:47,359
dollar

1546
01:07:44,319 --> 01:07:50,400
not tied to your income. So if you

1547
01:07:47,359 --> 01:07:53,799
wanted to look at whole line wanted to

1548
01:07:50,400 --> 01:07:53,799
adopt it

1549
01:07:54,079 --> 01:08:02,319
then me that justifies possibly a flat

1550
01:08:00,079 --> 01:08:04,720
I don't believe flat numbers are good at

1551
01:08:02,319 --> 01:08:07,280
trying to invest the competitive nature

1552
01:08:04,720 --> 01:08:10,160
trying to keep your salary schedule but

1553
01:08:07,280 --> 01:08:12,720
in that part of it I even wonder

1554
01:08:10,160 --> 01:08:14,559
adopting a I'm

1555
01:08:12,720 --> 01:08:16,000
uncomfortable because I don't I don't

1556
01:08:14,559 --> 01:08:17,920
know that

1557
01:08:16,000 --> 01:08:21,600
operates that way. If we just use

1558
01:08:17,920 --> 01:08:24,960
percentages to increase a schedule is

1559
01:08:21,600 --> 01:08:28,319
the competitive nature of each position

1560
01:08:24,960 --> 01:08:31,600
is different. Every position not

1561
01:08:28,319 --> 01:08:33,520
uniform. Their demand and supply of

1562
01:08:31,600 --> 01:08:35,759
different types of positions are

1563
01:08:33,520 --> 01:08:38,319
different. Really maybe should be

1564
01:08:35,759 --> 01:08:41,799
addressing that within

1565
01:08:38,319 --> 01:08:41,799
salary schedule.

1566
01:08:45,520 --> 01:08:51,239
You might have a small increase both

1567
01:08:48,239 --> 01:08:51,239
schedule

1568
01:08:52,400 --> 01:08:58,480
that we're looking at something that

1569
01:08:54,080 --> 01:09:01,679
really represents almost 3% for

1570
01:08:58,480 --> 01:09:03,679
adjustment for

1571
01:09:01,679 --> 01:09:05,839
just seems

1572
01:09:03,679 --> 01:09:09,040
like we're not hitting the right mark

1573
01:09:05,839 --> 01:09:12,880
and I'm just concerned that

1574
01:09:09,040 --> 01:09:12,880
it trajectory here

1575
01:09:13,920 --> 01:09:22,319
Too much of a 4% increase is going

1576
01:09:17,920 --> 01:09:26,239
going is adjusting expansion almost to

1577
01:09:22,319 --> 01:09:28,239
the highest too much

1578
01:09:26,239 --> 01:09:31,880
because it's addressing much more than

1579
01:09:28,239 --> 01:09:31,880
the cost of living.

1580
01:09:32,799 --> 01:09:36,880
I won't need to do that but obviously

1581
01:09:34,640 --> 01:09:40,520
the cost of living

1582
01:09:36,880 --> 01:09:40,520
income is different.

1583
01:09:46,640 --> 01:09:52,359
I I don't know where we want to go with

1584
01:09:49,199 --> 01:09:52,359
this, but

1585
01:09:54,640 --> 01:10:00,880
» One of the other items that kind of

1586
01:09:57,440 --> 01:10:04,320
confuses a little is that we're talking

1587
01:10:00,880 --> 01:10:06,080
about potential cost of living. Um, in

1588
01:10:04,320 --> 01:10:10,719
your memo here, Josh, it says, for

1589
01:10:06,080 --> 01:10:10,719
example, a 3% raise means an entry level

1590
01:10:11,679 --> 01:10:17,679
even an increase proportional to the

1591
01:10:15,120 --> 01:10:19,600
area word is blocked out but it protects

1592
01:10:17,679 --> 01:10:21,280
the fairness and ensures senior and

1593
01:10:19,600 --> 01:10:24,239
specialized staff are rewarded for their

1594
01:10:21,280 --> 01:10:26,480
added responsibility etc. Isn't that

1595
01:10:24,239 --> 01:10:28,560
what the steps are supposed to do is

1596
01:10:26,480 --> 01:10:33,320
that you get increased to the next step

1597
01:10:28,560 --> 01:10:33,320
because that added responsibility

1598
01:10:33,840 --> 01:10:38,679
bettered your responsib

1599
01:10:39,040 --> 01:10:43,840
whereas

1600
01:10:41,199 --> 01:10:45,920
OLA is to address the cost of living. So

1601
01:10:43,840 --> 01:10:48,560
it's to me it's two different buckets.

1602
01:10:45,920 --> 01:10:51,440
Well, so so this was commenting on how a

1603
01:10:48,560 --> 01:10:54,080
percentage increase versus a flat dollar

1604
01:10:51,440 --> 01:10:56,719
» And and and so the idea being that over

1605
01:10:54,080 --> 01:10:59,760
time um

1606
01:10:56,719 --> 01:11:01,760
relative to each other that entry level

1607
01:10:59,760 --> 01:11:03,199
if you do a flat one over time relative

1608
01:11:01,760 --> 01:11:05,280
to each other

1609
01:11:03,199 --> 01:11:07,840
» They basically get closer and closer

1610
01:11:05,280 --> 01:11:11,199
whereas the percentage keeps them keeps

1611
01:11:07,840 --> 01:11:12,719
them spaced apart. Um

1612
01:11:11,199 --> 01:11:14,800
and so and so that's kind of what that

1613
01:11:12,719 --> 01:11:17,520
was commenting on. Not I mean you're not

1614
01:11:14,800 --> 01:11:21,280
wrong that the step the step as we have

1615
01:11:17,520 --> 01:11:23,199
used it is basically a reward for

1616
01:11:21,280 --> 01:11:27,199
increased knowledge and increased value

1617
01:11:23,199 --> 01:11:29,520
that somebody brings to for sure. Um

1618
01:11:27,199 --> 01:11:32,239
this is commenting less on a single

1619
01:11:29,520 --> 01:11:35,920
person within a position and more of a

1620
01:11:32,239 --> 01:11:41,199
position versus a position basis. And so

1621
01:11:35,920 --> 01:11:44,320
instead of saying um accountant

1622
01:11:41,199 --> 01:11:46,880
relative to a

1623
01:11:44,320 --> 01:11:49,120
utility billing clerk and instead of

1624
01:11:46,880 --> 01:11:51,040
looking at instead of looking at the two

1625
01:11:49,120 --> 01:11:52,960
people who are in those two roles, it is

1626
01:11:51,040 --> 01:11:55,520
looking at those two roles themselves

1627
01:11:52,960 --> 01:11:56,800
and is the spacing appropriate. That's

1628
01:11:55,520 --> 01:11:58,480
that's what that means,

1629
01:11:56,800 --> 01:12:00,480
» Right? I I guess it was just maybe part

1630
01:11:58,480 --> 01:12:03,040
of your boarding that staff are rewarded

1631
01:12:00,480 --> 01:12:06,520
for their added responsibility, but

1632
01:12:03,040 --> 01:12:06,520
that's the step.

1633
01:12:09,199 --> 01:12:14,239
And I yeah maybe the better the position

1634
01:12:12,080 --> 01:12:16,239
is rewarded for the added responsibility

1635
01:12:14,239 --> 01:12:19,239
versus a position otherwise it wouldn't

1636
01:12:16,239 --> 01:12:19,239
happen.

1637
01:12:20,400 --> 01:12:24,800
» I'm all for comparison. I I appreciate

1638
01:12:23,360 --> 01:12:26,239
and I think those things should be

1639
01:12:24,800 --> 01:12:29,280
considered when we're looking at other

1640
01:12:26,239 --> 01:12:32,280
municipalities what others might

1641
01:12:29,280 --> 01:12:32,280
but

1642
01:12:33,679 --> 01:12:39,520
qualify that information as much can

1643
01:12:37,360 --> 01:12:42,719
said we don't know exactly for matching

1644
01:12:39,520 --> 01:12:46,159
salary structures

1645
01:12:42,719 --> 01:12:48,719
we adopted a much longer schedule last

1646
01:12:46,159 --> 01:12:52,320
year which created

1647
01:12:48,719 --> 01:12:55,520
an additional benefit

1648
01:12:52,320 --> 01:12:58,880
so we don't know if other cities have

1649
01:12:55,520 --> 01:13:00,320
that going on didn't last year this year

1650
01:12:58,880 --> 01:13:05,159
but I think all of that has to be

1651
01:13:00,320 --> 01:13:05,159
factored in what what's information

1652
01:13:05,360 --> 01:13:07,840
I'm not saying you should discount it,

1653
01:13:07,040 --> 01:13:09,440
but

1654
01:13:07,840 --> 01:13:11,199
» No. No. And I mean I I think there's

1655
01:13:09,440 --> 01:13:13,360
certainly I I will say of all everything

1656
01:13:11,199 --> 01:13:14,880
rolling in that I've seen because a lot

1657
01:13:13,360 --> 01:13:16,800
of times when it gets passed around like

1658
01:13:14,880 --> 01:13:18,960
the question isn't just how are things

1659
01:13:16,800 --> 01:13:21,040
changing. It is what kind of structure

1660
01:13:18,960 --> 01:13:25,199
are we looking at? And so you might look

1661
01:13:21,040 --> 01:13:27,360
at a a city structure who um

1662
01:13:25,199 --> 01:13:30,000
has eight steps. The one I'm staring at

1663
01:13:27,360 --> 01:13:32,400
right now has eight steps um in there,

1664
01:13:30,000 --> 01:13:37,199
but they're looking at 3.8% 8% between

1665
01:13:32,400 --> 01:13:38,480
each step instead of 2.75. So, um

1666
01:13:37,199 --> 01:13:40,000
you're certainly right like every

1667
01:13:38,480 --> 01:13:42,719
everybody's kind of working off a

1668
01:13:40,000 --> 01:13:45,120
slightly different scale.

1669
01:13:42,719 --> 01:13:48,159
I will say our 15 is certainly high

1670
01:13:45,120 --> 01:13:50,159
compared to a lot of people. 2.7 between

1671
01:13:48,159 --> 01:13:51,920
step which is where we are currently at

1672
01:13:50,159 --> 01:13:54,320
is probably on the lower end for a lot

1673
01:13:51,920 --> 01:13:56,320
of people. A lot of people having at

1674
01:13:54,320 --> 01:14:00,840
least around us seem to have a larger

1675
01:13:56,320 --> 01:14:00,840
step in between but

1676
01:14:02,719 --> 01:14:08,080
Well, the problem I see is so if you do

1677
01:14:06,000 --> 01:14:10,640
a 4%

1678
01:14:08,080 --> 01:14:15,040
and the next year do another four that

1679
01:14:10,640 --> 01:14:17,120
4% gets added to their step, you know,

1680
01:14:15,040 --> 01:14:20,800
plus the 2.75.

1681
01:14:17,120 --> 01:14:23,440
You do a flat one that that hourly rate

1682
01:14:20,800 --> 01:14:25,440
might be way higher.

1683
01:14:23,440 --> 01:14:25,840
» Yeah. I'm not I'm not suggesting a flat

1684
01:14:25,440 --> 01:14:28,080
one.

1685
01:14:25,840 --> 01:14:30,000
» No, I'm just saying that's what like I

1686
01:14:28,080 --> 01:14:31,679
brought up the last

1687
01:14:30,000 --> 01:14:34,480
next comp study you're going to go well

1688
01:14:31,679 --> 01:14:37,040
half our people are way overpaid

1689
01:14:34,480 --> 01:14:40,080
and then do say

1690
01:14:37,040 --> 01:14:43,120
the council never said well we got

1691
01:14:40,080 --> 01:14:46,640
you know cut your pay but it's like

1692
01:14:43,120 --> 01:14:49,199
because we gave us a

1693
01:14:46,640 --> 01:14:53,040
everyone got the same amount it brings

1694
01:14:49,199 --> 01:14:58,560
your that step instead of 1150 it now

1695
01:14:53,040 --> 01:15:01,040
it's 1350 where 4% would have been

1696
01:14:58,560 --> 01:15:02,800
I was just trying to wrestle with, you

1697
01:15:01,040 --> 01:15:05,760
know, our history. As I've said in the

1698
01:15:02,800 --> 01:15:09,040
past, we've not necessarily fall

1699
01:15:05,760 --> 01:15:14,480
over our history.

1700
01:15:09,040 --> 01:15:17,280
Sometimes we've been below. Sometimes

1701
01:15:14,480 --> 01:15:19,120
sometimes when we're low obviously lower

1702
01:15:17,280 --> 01:15:21,920
income

1703
01:15:19,120 --> 01:15:24,920
we're not getting the amount that would

1704
01:15:21,920 --> 01:15:24,920
represent

1705
01:15:26,320 --> 01:15:31,120
year.

1706
01:15:28,159 --> 01:15:32,960
So

1707
01:15:31,120 --> 01:15:35,760
I'm just trying to think about it. I'm

1708
01:15:32,960 --> 01:15:38,480
not advocating for it. But if you did a

1709
01:15:35,760 --> 01:15:41,600
flat cola, if we want cola to be part of

1710
01:15:38,480 --> 01:15:44,640
the factor,

1711
01:15:41,600 --> 01:15:47,640
then fairness for cola is that part the

1712
01:15:44,640 --> 01:15:47,640
dollar

1713
01:15:47,679 --> 01:15:52,920
that should be something that's tied to

1714
01:15:53,199 --> 01:15:59,040
you're talking about changing scale that

1715
01:15:55,760 --> 01:16:02,320
could be taken out of that

1716
01:15:59,040 --> 01:16:03,840
and then you you somewhat avoid this.

1717
01:16:02,320 --> 01:16:05,040
We're talking about you don't have such

1718
01:16:03,840 --> 01:16:08,320
big

1719
01:16:05,040 --> 01:16:10,320
on the upper end

1720
01:16:08,320 --> 01:16:12,560
because you're paying much more than the

1721
01:16:10,320 --> 01:16:16,120
cost of living

1722
01:16:12,560 --> 01:16:16,120
for the higher end.

1723
01:16:18,560 --> 01:16:22,960
» What is there? How many people are maxed

1724
01:16:20,480 --> 01:16:25,600
out for?

1725
01:16:22,960 --> 01:16:27,920
» I'd have to do a recount a handful.

1726
01:16:25,600 --> 01:16:30,480
» I say I say well as of 26 I don't think

1727
01:16:27,920 --> 01:16:33,840
we had anybody. 27 is where we would

1728
01:16:30,480 --> 01:16:36,159
potentially start to hit people top.

1729
01:16:33,840 --> 01:16:38,000
27

1730
01:16:36,159 --> 01:16:39,280
minimum 2.7

1731
01:16:38,000 --> 01:16:42,400
» Correct

1732
01:16:39,280 --> 01:16:45,199
» I thought we just reset it last year

1733
01:16:42,400 --> 01:16:46,480
that we started at steps

1734
01:16:45,199 --> 01:16:50,960
» Yeah well that that's what I'm saying so

1735
01:16:46,480 --> 01:16:52,719
but I mean we um similar to so it was

1736
01:16:50,960 --> 01:16:54,960
utilities that basically is going to be

1737
01:16:52,719 --> 01:16:57,760
jumping faster under their study they

1738
01:16:54,960 --> 01:17:00,159
were getting two steps basically like

1739
01:16:57,760 --> 01:17:01,920
twice a year um whereas every like

1740
01:17:00,159 --> 01:17:03,920
they're the ones that are be topping out

1741
01:17:01,920 --> 01:17:06,239
so the top outs aren't happening

1742
01:17:03,920 --> 01:17:08,000
necessarily. Yes, it's happening in the

1743
01:17:06,239 --> 01:17:09,440
city department, but not in those

1744
01:17:08,000 --> 01:17:10,480
numbers that we're discussing now, the

1745
01:17:09,440 --> 01:17:12,719
general fund,

1746
01:17:10,480 --> 01:17:14,960
» Because yes, like it it did kind of

1747
01:17:12,719 --> 01:17:16,400
reset

1748
01:17:14,960 --> 01:17:18,719
» Because we probably had a third of

1749
01:17:16,400 --> 01:17:20,960
employees that were at the top of their

1750
01:17:18,719 --> 01:17:25,400
wage scale and so yes, all of those

1751
01:17:20,960 --> 01:17:25,400
employees are now not at the top.

1752
01:17:34,560 --> 01:17:38,320
So, I would say I know as we've

1753
01:17:35,840 --> 01:17:39,920
certainly we we've talked into it and I

1754
01:17:38,320 --> 01:17:41,199
know we did just do a comp study and so

1755
01:17:39,920 --> 01:17:44,159
I'm certainly not saying we need to do

1756
01:17:41,199 --> 01:17:46,560
another one. Um,

1757
01:17:44,159 --> 01:17:49,120
I think there is certainly some merit to

1758
01:17:46,560 --> 01:17:53,120
exploring

1759
01:17:49,120 --> 01:17:54,320
different pay structures per se. And I I

1760
01:17:53,120 --> 01:17:56,239
know the county does a little bit

1761
01:17:54,320 --> 01:17:58,320
different. I know I've mentioned to you

1762
01:17:56,239 --> 01:18:00,560
and our staff like other states do it

1763
01:17:58,320 --> 01:18:02,320
differently. Th this is kind of the

1764
01:18:00,560 --> 01:18:04,800
system that the state of Minnesota for

1765
01:18:02,320 --> 01:18:07,760
better for worse has has adapted amongst

1766
01:18:04,800 --> 01:18:09,199
municipalities. Um

1767
01:18:07,760 --> 01:18:10,480
you go into other states, it's a

1768
01:18:09,199 --> 01:18:12,400
completely different pay structure and

1769
01:18:10,480 --> 01:18:15,440
how things work in those in those

1770
01:18:12,400 --> 01:18:17,440
states. So there are certainly a variety

1771
01:18:15,440 --> 01:18:19,840
of ways

1772
01:18:17,440 --> 01:18:21,600
that that this happens.

1773
01:18:19,840 --> 01:18:25,440
But I think to Sean's point, you do a

1774
01:18:21,600 --> 01:18:27,520
comp study and you're talking to other

1775
01:18:25,440 --> 01:18:30,719
municipalities and you're

1776
01:18:27,520 --> 01:18:34,320
feed the money yourself.

1777
01:18:30,719 --> 01:18:37,920
It's not a market based deal.

1778
01:18:34,320 --> 01:18:40,320
Well, you're going to lose people.

1779
01:18:37,920 --> 01:18:45,080
Every business deals with employees.

1780
01:18:40,320 --> 01:18:45,080
That's should never be an issue.

1781
01:18:45,679 --> 01:18:50,000
Someone may want to go to prior lake and

1782
01:18:47,440 --> 01:18:51,440
it has nothing to do with their but you

1783
01:18:50,000 --> 01:18:54,320
know you've always brought that up is

1784
01:18:51,440 --> 01:18:57,520
that every comm study is they go out to

1785
01:18:54,320 --> 01:19:00,480
other cities and if they just did a comp

1786
01:18:57,520 --> 01:19:04,800
study oh we're behind their comp study

1787
01:19:00,480 --> 01:19:09,280
and it just becomes a snowball effect

1788
01:19:04,800 --> 01:19:12,800
each other is feeding other to

1789
01:19:09,280 --> 01:19:14,719
get these as they say competitive wages

1790
01:19:12,800 --> 01:19:17,520
I don't know how many you know they say

1791
01:19:14,719 --> 01:19:21,600
they market. I don't know how what they

1792
01:19:17,520 --> 01:19:23,840
did for a market the last comp study

1793
01:19:21,600 --> 01:19:26,880
but did they go to businesses in Craig

1794
01:19:23,840 --> 01:19:29,280
and say what do you pay for the count or

1795
01:19:26,880 --> 01:19:32,159
what do you pay for a clerk or what do

1796
01:19:29,280 --> 01:19:34,800
you pay for your maintenance guy I don't

1797
01:19:32,159 --> 01:19:37,120
know if they did that per se I think

1798
01:19:34,800 --> 01:19:40,560
they just may have looked at information

1799
01:19:37,120 --> 01:19:44,560
generally you know I mean this is what

1800
01:19:40,560 --> 01:19:47,760
you know Robert Ha has out

1801
01:19:44,560 --> 01:19:50,960
for people in this industry and this and

1802
01:19:47,760 --> 01:19:52,880
this. You know, I don't think they did.

1803
01:19:50,960 --> 01:19:55,280
To me, when I say, "Hey, I like that

1804
01:19:52,880 --> 01:19:59,199
market deal." I'd rather have them go

1805
01:19:55,280 --> 01:20:01,280
talk to some businesses in town besides

1806
01:19:59,199 --> 01:20:04,000
other cities because that's who you're

1807
01:20:01,280 --> 01:20:08,840
competing.

1808
01:20:04,000 --> 01:20:08,840
But that's the next step.

1809
01:20:14,960 --> 01:20:18,640
» [clears throat]

1810
01:20:15,600 --> 01:20:21,280
» Well, I

1811
01:20:18,640 --> 01:20:24,080
I don't want to see anybody,

1812
01:20:21,280 --> 01:20:26,640
you know, I like our I I like our

1813
01:20:24,080 --> 01:20:29,040
employees ones that we have. I know they

1814
01:20:26,640 --> 01:20:32,640
care about this town a lot, but there's

1815
01:20:29,040 --> 01:20:36,719
also built in are those

1816
01:20:32,640 --> 01:20:39,760
untangles like with alignment. It's

1817
01:20:36,719 --> 01:20:42,560
pretty nice getting up and driving five

1818
01:20:39,760 --> 01:20:44,640
minutes to work where XL might be paying

1819
01:20:42,560 --> 01:20:47,280
two bucks more an hour. If you want to

1820
01:20:44,640 --> 01:20:48,640
go do it, go that. Okay. But I don't

1821
01:20:47,280 --> 01:20:50,560
know why we always have to match that

1822
01:20:48,640 --> 01:20:53,280
because it's they might have to go to

1823
01:20:50,560 --> 01:20:55,120
Richfield in a snowstorm and have to

1824
01:20:53,280 --> 01:20:56,880
leave an hour. So, I don't know what an

1825
01:20:55,120 --> 01:20:58,640
extra hour and a half of sleep is worth

1826
01:20:56,880 --> 01:21:00,320
to you. You know, maybe they want the

1827
01:20:58,640 --> 01:21:02,800
it's all about the bottom line and the

1828
01:21:00,320 --> 01:21:04,800
dollar, but I much rather sleep in and

1829
01:21:02,800 --> 01:21:06,719
then drive five minutes to work, you

1830
01:21:04,800 --> 01:21:08,560
know, and then

1831
01:21:06,719 --> 01:21:10,560
Like, you know, when we compare those

1832
01:21:08,560 --> 01:21:14,960
guys to XL,

1833
01:21:10,560 --> 01:21:17,280
um there's a ice storm in Arkansas,

1834
01:21:14,960 --> 01:21:18,880
give your wife and kids a kiss and

1835
01:21:17,280 --> 01:21:20,880
you're going down there for three weeks

1836
01:21:18,880 --> 01:21:22,239
to, you know, they send you down. I

1837
01:21:20,880 --> 01:21:23,920
don't care if it's the state baseball

1838
01:21:22,239 --> 01:21:25,840
tournament or I don't care if it's

1839
01:21:23,920 --> 01:21:26,960
you're coaching my seventh grade kids

1840
01:21:25,840 --> 01:21:28,719
basketball, [clears throat]

1841
01:21:26,960 --> 01:21:30,239
you're required to be down in Arkansas

1842
01:21:28,719 --> 01:21:32,800
for the next three weeks, we need you

1843
01:21:30,239 --> 01:21:35,760
down there. That doesn't happen with us.

1844
01:21:32,800 --> 01:21:38,159
» What's that worth? You know, I There's a

1845
01:21:35,760 --> 01:21:39,840
lot of those intangibles that are that

1846
01:21:38,159 --> 01:21:41,600
are also worth something. I want to be

1847
01:21:39,840 --> 01:21:45,840
fair and whatnot, but I also have to

1848
01:21:41,600 --> 01:21:48,159
control costs, too. And as we've seen

1849
01:21:45,840 --> 01:21:49,600
wages and benefits eats up the majority

1850
01:21:48,159 --> 01:21:52,800
of everything that we do.

1851
01:21:49,600 --> 01:21:55,960
» Would you say that number is 67%. Or is

1852
01:21:52,800 --> 01:21:55,960
that just

1853
01:21:59,840 --> 01:22:02,400
» We're talking a big percentage of our

1854
01:22:01,520 --> 01:22:05,280
total.

1855
01:22:02,400 --> 01:22:08,320
» I know personal

1856
01:22:05,280 --> 01:22:12,280
And Bruce is playing that 6%.

1857
01:22:08,320 --> 01:22:12,280
» We're not making widgets anymore.

1858
01:22:13,920 --> 01:22:18,000
» But I think too when you provide a

1859
01:22:16,000 --> 01:22:20,080
service like that's a very natural thing

1860
01:22:18,000 --> 01:22:22,239
is it is the people providing the

1861
01:22:20,080 --> 01:22:24,719
service that are what is [clears throat]

1862
01:22:22,239 --> 01:22:26,560
and I mean school districts even more so

1863
01:22:24,719 --> 01:22:29,199
but like the vast majority of their

1864
01:22:26,560 --> 01:22:31,760
budgets. And so I'm not saying that we

1865
01:22:29,199 --> 01:22:33,760
that's the one I agree that wages and

1866
01:22:31,760 --> 01:22:35,520
benefits are the one we have the most

1867
01:22:33,760 --> 01:22:38,719
control over, but it's also the one that

1868
01:22:35,520 --> 01:22:42,000
naturally in a service type industry

1869
01:22:38,719 --> 01:22:45,280
such as government is going to dominate

1870
01:22:42,000 --> 01:22:46,400
um your budgets just very naturally.

1871
01:22:45,280 --> 01:22:48,080
» Well, look what's going on in

1872
01:22:46,400 --> 01:22:49,840
Minneapolis. I mean, they're gonna let a

1873
01:22:48,080 --> 01:22:50,239
hundred people go,

1874
01:22:49,840 --> 01:22:51,840
» You know.

1875
01:22:50,239 --> 01:22:53,440
» Oh, no. And that's what I'm

1876
01:22:51,840 --> 01:22:54,639
» I don't want to be in that situation,

1877
01:22:53,440 --> 01:22:57,120
you know, because we can't

1878
01:22:54,639 --> 01:22:59,280
» I would agree. I I'm just saying that

1879
01:22:57,120 --> 01:23:01,120
unlike a manufacturing industry where

1880
01:22:59,280 --> 01:23:03,280
you got supplies all over the place like

1881
01:23:01,120 --> 01:23:04,960
we are going to carry a slightly higher

1882
01:23:03,280 --> 01:23:06,159
wage and like I said probably not as

1883
01:23:04,960 --> 01:23:08,560
high as the school district. I mean the

1884
01:23:06,159 --> 01:23:09,520
school district 80% something like that

1885
01:23:08,560 --> 01:23:13,360
but

1886
01:23:09,520 --> 01:23:16,360
» 70% wages and benefits

1887
01:23:13,360 --> 01:23:16,360
» 70

1888
01:23:18,560 --> 01:23:24,400
but didn't you say

1889
01:23:20,719 --> 01:23:26,800
percentage is what

1890
01:23:24,400 --> 01:23:26,800
3 to

1891
01:23:28,320 --> 01:23:34,239
wasn't a big number. $16,000

1892
01:23:31,600 --> 01:23:38,080
annually. It wasn't

1893
01:23:34,239 --> 01:23:39,360
» Wasn't a 1% on our levy, which is what

1894
01:23:38,080 --> 01:23:42,760
63,000

1895
01:23:39,360 --> 01:23:42,760
» Right at 60.

1896
01:23:43,040 --> 01:23:47,280
» Yeah, it isn't a big number, but we

1897
01:23:46,080 --> 01:23:50,000
still need to address it.

1898
01:23:47,280 --> 01:23:53,520
» No, no, I agree. I mean, yeah,

1899
01:23:50,000 --> 01:23:55,440
you know, I mean, this is the this is my

1900
01:23:53,520 --> 01:23:57,600
personal take

1901
01:23:55,440 --> 01:24:01,040
for September. I would have a problem

1902
01:23:57,600 --> 01:24:03,520
publishing the 7.56.

1903
01:24:01,040 --> 01:24:06,080
My goal

1904
01:24:03,520 --> 01:24:08,960
probably six

1905
01:24:06,080 --> 01:24:11,760
between five and six. How do you get

1906
01:24:08,960 --> 01:24:16,040
there? We have to look at everything.

1907
01:24:11,760 --> 01:24:16,040
That That's the way I look at it.

1908
01:24:18,159 --> 01:24:24,480
without using any reserves or besides

1909
01:24:21,440 --> 01:24:28,000
what we talked about.

1910
01:24:24,480 --> 01:24:30,560
It was counties talking about 2.8% but

1911
01:24:28,000 --> 01:24:33,120
cap a lot of the reserves. I think next

1912
01:24:30,560 --> 01:24:35,600
year they might be in trouble when

1913
01:24:33,120 --> 01:24:37,520
feds push expenses down to the state and

1914
01:24:35,600 --> 01:24:39,120
the state pushes expenses. I mean that

1915
01:24:37,520 --> 01:24:41,440
that's talking to Scott County.

1916
01:24:39,120 --> 01:24:43,040
» Oh no. I mean the problem Yeah. The

1917
01:24:41,440 --> 01:24:45,040
problem with using reserves to try to

1918
01:24:43,040 --> 01:24:46,639
balance out a budget year over year is

1919
01:24:45,040 --> 01:24:47,280
eventually you run out of reserves.

1920
01:24:46,639 --> 01:24:48,800
» Well, right.

1921
01:24:47,280 --> 01:24:50,400
» And the piper comes calling.

1922
01:24:48,800 --> 01:24:53,120
» Yeah. And I think that's what the sewer

1923
01:24:50,400 --> 01:24:56,080
count is doing. So they can say, "Hey,

1924
01:24:53,120 --> 01:24:58,880
we only did that 2.8%."

1925
01:24:56,080 --> 01:25:01,120
But they have to be using some reserve.

1926
01:24:58,880 --> 01:25:05,120
They have the same picture we have. They

1927
01:25:01,120 --> 01:25:06,639
have a lot of labor staff in in there.

1928
01:25:05,120 --> 01:25:10,320
They're no different. Obviously, they're

1929
01:25:06,639 --> 01:25:12,880
just the next level up.

1930
01:25:10,320 --> 01:25:14,239
They got to be doing something. Either

1931
01:25:12,880 --> 01:25:16,400
they're that or they're not buying any

1932
01:25:14,239 --> 01:25:17,920
new equipment, which I don't know. I

1933
01:25:16,400 --> 01:25:21,120
don't see that.

1934
01:25:17,920 --> 01:25:23,440
» The 1% change, sir. Josh, is 23,000.

1935
01:25:21,120 --> 01:25:24,480
That's all salary and benefits.

1936
01:25:23,440 --> 01:25:27,120
» Oh, and benefits.

1937
01:25:24,480 --> 01:25:28,480
» Well, the Pra, FICA, paid family medical

1938
01:25:27,120 --> 01:25:29,920
leave, anything that's based on a

1939
01:25:28,480 --> 01:25:31,040
percentages.

1940
01:25:29,920 --> 01:25:32,400
» Oh, okay.

1941
01:25:31,040 --> 01:25:34,400
» Not medical.

1942
01:25:32,400 --> 01:25:36,400
» Well, medical, correct? Medical wouldn't

1943
01:25:34,400 --> 01:25:38,080
change. So, it's just salary and

1944
01:25:36,400 --> 01:25:39,920
associated.

1945
01:25:38,080 --> 01:25:42,480
But but to your point, even equipment

1946
01:25:39,920 --> 01:25:44,239
though is kind of

1947
01:25:42,480 --> 01:25:45,760
obviously you can you can patch it and

1948
01:25:44,239 --> 01:25:46,960
make that truck one more year, but

1949
01:25:45,760 --> 01:25:50,800
eventually that truck has to be

1950
01:25:46,960 --> 01:25:52,480
» No, no. I I I doubt I think they're

1951
01:25:50,800 --> 01:25:53,920
being foolish, but I hate to say it.

1952
01:25:52,480 --> 01:25:57,120
It's an election year. A lot of those

1953
01:25:53,920 --> 01:26:00,480
guys are running for their county seat

1954
01:25:57,120 --> 01:26:01,679
again, you know, so they're going to get

1955
01:26:00,480 --> 01:26:06,480
it out there that, you know, our

1956
01:26:01,679 --> 01:26:10,960
preliminary first budget is 2.8%. So

1957
01:26:06,480 --> 01:26:14,800
you talk to Leslie at spec

1958
01:26:10,960 --> 01:26:19,239
administrator and she's like no way no

1959
01:26:14,800 --> 01:26:19,239
way they're not using reserves.

1960
01:26:21,360 --> 01:26:23,520
Well,

1961
01:26:21,840 --> 01:26:25,840
» That's that that's the way I would

1962
01:26:23,520 --> 01:26:26,320
direct us for now is is

1963
01:26:25,840 --> 01:26:29,520
» I'll say

1964
01:26:26,320 --> 01:26:32,320
» Unless we, you know, let's do the 7.56%

1965
01:26:29,520 --> 01:26:33,280
because that's what we present in in

1966
01:26:32,320 --> 01:26:35,040
September

1967
01:26:33,280 --> 01:26:38,000
» Because that is certainly a not to

1968
01:26:35,040 --> 01:26:38,880
exceed that basically sets the absolute

1969
01:26:38,000 --> 01:26:41,040
cap for us.

1970
01:26:38,880 --> 01:26:44,639
» And we've always been very conservative

1971
01:26:41,040 --> 01:26:49,199
in our September thing,

1972
01:26:44,639 --> 01:26:52,960
» But we've always reduced it.

1973
01:26:49,199 --> 01:26:55,520
I mean I think you know if someone

1974
01:26:52,960 --> 01:26:57,199
understands the dynamics that you know

1975
01:26:55,520 --> 01:26:59,760
that police station you know if we would

1976
01:26:57,199 --> 01:27:03,520
have kept that it should have been 13%.

1977
01:26:59,760 --> 01:27:04,400
» A police station by itself would be

1978
01:27:03,520 --> 01:27:06,960
» 10%

1979
01:27:04,400 --> 01:27:07,040
» You were like at 11% I guess. Yeah.

1980
01:27:06,960 --> 01:27:09,199
[clears throat]

1981
01:27:07,040 --> 01:27:12,560
» You know so

1982
01:27:09,199 --> 01:27:14,560
» Yeah but we did use reserves. So whether

1983
01:27:12,560 --> 01:27:17,199
whether sewer county or Scott County

1984
01:27:14,560 --> 01:27:19,679
» No we didn't use reserves. We used that

1985
01:27:17,199 --> 01:27:22,480
grant money. Well, no. I mean, no. To

1986
01:27:19,679 --> 01:27:24,639
Sean's point, we did use some cash, but

1987
01:27:22,480 --> 01:27:26,719
that took to buy down the debt. But but

1988
01:27:24,639 --> 01:27:30,159
but in that but in that case, I I would

1989
01:27:26,719 --> 01:27:33,600
argue that that is using reserves to buy

1990
01:27:30,159 --> 01:27:35,920
down a one-time purchase versus I think

1991
01:27:33,600 --> 01:27:37,840
to Chuck's point, is is Lassour

1992
01:27:35,920 --> 01:27:39,679
attempting to use reserves on an

1993
01:27:37,840 --> 01:27:40,239
operating expense that can be back next

1994
01:27:39,679 --> 01:27:41,360
year

1995
01:27:40,239 --> 01:27:41,920
» And you're going to have to then find a

1996
01:27:41,360 --> 01:27:44,800
way to fund.

1997
01:27:41,920 --> 01:27:46,320
» Yeah. Then they're going to have to

1998
01:27:44,800 --> 01:27:48,000
» Well the piper,

1999
01:27:46,320 --> 01:27:53,760
» Right? Well, let's look at, you know,

2000
01:27:48,000 --> 01:27:57,440
the EDA sitting at 1.2. Let's use 02

2001
01:27:53,760 --> 01:28:01,199
200,000. We could lower 3% right there.

2002
01:27:57,440 --> 01:28:02,639
» But but hold the 75 this year. But but I

2003
01:28:01,199 --> 01:28:04,480
think to that point then that just

2004
01:28:02,639 --> 01:28:05,840
creates an opport the situation where

2005
01:28:04,480 --> 01:28:08,800
depending on what you're using that

2006
01:28:05,840 --> 01:28:11,920
money for are you then just now you're

2007
01:28:08,800 --> 01:28:13,600
$200 200 grand in the whole next year

2008
01:28:11,920 --> 01:28:16,719
versus

2009
01:28:13,600 --> 01:28:18,639
this year where you before you use that

2010
01:28:16,719 --> 01:28:20,320
and because that a lot of those expenses

2011
01:28:18,639 --> 01:28:21,679
would just come back again next year and

2012
01:28:20,320 --> 01:28:23,600
now you're having to find another way to

2013
01:28:21,679 --> 01:28:25,199
fund them.

2014
01:28:23,600 --> 01:28:26,880
So

2015
01:28:25,199 --> 01:28:29,679
I don't I don't know. I don't think most

2016
01:28:26,880 --> 01:28:33,920
people sitting around the dinner table

2017
01:28:29,679 --> 01:28:35,840
are doing it like that.

2018
01:28:33,920 --> 01:28:40,199
This is

2019
01:28:35,840 --> 01:28:40,199
got this money and we need this.

2020
01:28:40,639 --> 01:28:45,840
We decide if we want it that bad.

2021
01:28:45,199 --> 01:28:48,000
» But

2022
01:28:45,840 --> 01:28:50,080
» Well, it's fair. But I think

2023
01:28:48,000 --> 01:28:51,760
» There I don't you know they have a big

2024
01:28:50,080 --> 01:28:55,679
longterm plan for it. I know they have

2025
01:28:51,760 --> 01:28:59,600
some things that I've heard of. Um, but

2026
01:28:55,679 --> 01:29:01,280
as I told one of the members months ago

2027
01:28:59,600 --> 01:29:04,239
that I was at, I said, "Yeah, you want

2028
01:29:01,280 --> 01:29:05,760
to bring businesses to town, not putting

2029
01:29:04,239 --> 01:29:09,760
up a new awning for them." I said,

2030
01:29:05,760 --> 01:29:11,760
"Lower their taxes, then market that."

2031
01:29:09,760 --> 01:29:13,199
I mean, put it up in a comparison.

2032
01:29:11,760 --> 01:29:16,880
Anybody that's thinking about moving in

2033
01:29:13,199 --> 01:29:19,360
the south metro, show them our tax levy

2034
01:29:16,880 --> 01:29:21,760
where it's been for 10 years that it's

2035
01:29:19,360 --> 01:29:24,080
and then show the other ones so they can

2036
01:29:21,760 --> 01:29:25,040
plan and it's they're getting good value

2037
01:29:24,080 --> 01:29:27,199
for

2038
01:29:25,040 --> 01:29:28,719
» I mean I I I think that's certainly

2039
01:29:27,199 --> 01:29:29,840
something we could do. But I'll just be

2040
01:29:28,719 --> 01:29:31,360
straight up honest with what we're

2041
01:29:29,840 --> 01:29:32,960
talking about right now. Like we are

2042
01:29:31,360 --> 01:29:34,800
currently in a battle with a surrounding

2043
01:29:32,960 --> 01:29:36,800
community who has a double the tax rate

2044
01:29:34,800 --> 01:29:39,840
of us. The business is still considering

2045
01:29:36,800 --> 01:29:41,360
moving over to them. Like

2046
01:29:39,840 --> 01:29:43,280
so

2047
01:29:41,360 --> 01:29:44,800
I I yeah I mean I I taxes certainly

2048
01:29:43,280 --> 01:29:46,080
matter and I think that's something we

2049
01:29:44,800 --> 01:29:47,920
can be proud of because we have a lower

2050
01:29:46,080 --> 01:29:50,159
tax rate than a lot of people until you

2051
01:29:47,920 --> 01:29:51,199
get up into the larger much much larger

2052
01:29:50,159 --> 01:29:52,719
communities who just have more

2053
01:29:51,199 --> 01:29:57,360
industrial than us and so they're able

2054
01:29:52,719 --> 01:29:59,120
to pull their tax rate down. Um but

2055
01:29:57,360 --> 01:30:02,080
it's not everything but it's certainly

2056
01:29:59,120 --> 01:30:04,159
something I agree like

2057
01:30:02,080 --> 01:30:05,679
every single increase here affects my my

2058
01:30:04,159 --> 01:30:09,600
tax rate just as much as everyone else

2059
01:30:05,679 --> 01:30:10,800
is at this table. So, um,

2060
01:30:09,600 --> 01:30:13,360
» Yeah, I I guess I

2061
01:30:10,800 --> 01:30:17,360
» The city ministry investigated.

2062
01:30:13,360 --> 01:30:19,280
» Oh, we don't need that rumor floating.

2063
01:30:17,360 --> 01:30:21,040
» I I I get enough people that think at

2064
01:30:19,280 --> 01:30:24,239
times that the uh streets department

2065
01:30:21,040 --> 01:30:26,320
plows my driveway for me and uh that I I

2066
01:30:24,239 --> 01:30:28,800
I don't have to mow my grass, that sort

2067
01:30:26,320 --> 01:30:30,320
of thing. But uh

2068
01:30:28,800 --> 01:30:31,679
» You have to mow your grass.

2069
01:30:30,320 --> 01:30:33,287
» Well, it's been a dry year. You don't

2070
01:30:31,679 --> 01:30:33,440
have to mow it as much.

2071
01:30:33,287 --> 01:30:35,360
» [clears throat]

2072
01:30:33,440 --> 01:30:36,800
» When do we have to publish that?

2073
01:30:35,360 --> 01:30:39,760
» Mid start end of September.

2074
01:30:36,800 --> 01:30:41,280
» So this is usually usually historically

2075
01:30:39,760 --> 01:30:43,600
we'd always done at the second meeting

2076
01:30:41,280 --> 01:30:44,880
in September. Last year we said, "Hey,

2077
01:30:43,600 --> 01:30:46,480
let's take it at the first meeting in

2078
01:30:44,880 --> 01:30:48,000
September. That way if we decide

2079
01:30:46,480 --> 01:30:52,000
something's got to change, like we still

2080
01:30:48,000 --> 01:30:54,639
got a meeting uh without um having to

2081
01:30:52,000 --> 01:30:56,320
schedule a special." I guess to Chuck's

2082
01:30:54,639 --> 01:30:58,400
point, my recommendation certainly would

2083
01:30:56,320 --> 01:31:00,000
be coming in at this because as as you

2084
01:30:58,400 --> 01:31:02,639
said, like this is just setting our max

2085
01:31:00,000 --> 01:31:04,320
is basically all it's doing. This isn't

2086
01:31:02,639 --> 01:31:06,400
um deciding this is where the levy's at.

2087
01:31:04,320 --> 01:31:08,560
This is basically setting a max and

2088
01:31:06,400 --> 01:31:10,639
should something happen. I know that's

2089
01:31:08,560 --> 01:31:12,960
what we've talked in the past like

2090
01:31:10,639 --> 01:31:15,280
they'll have four months left in the

2091
01:31:12,960 --> 01:31:17,040
year. If something happens,

2092
01:31:15,280 --> 01:31:20,159
we have a max, but that's that's not

2093
01:31:17,040 --> 01:31:21,840
what we're shooting for at this point.

2094
01:31:20,159 --> 01:31:23,840
» Well, are we going to have another

2095
01:31:21,840 --> 01:31:26,400
budget meeting anyways at the end of

2096
01:31:23,840 --> 01:31:28,400
September? I'd like to see you guys work

2097
01:31:26,400 --> 01:31:31,440
on how you can want to get down to that

2098
01:31:28,400 --> 01:31:34,080
6% and not publish it yet since we don't

2099
01:31:31,440 --> 01:31:36,480
have to go through the entire month. Let

2100
01:31:34,080 --> 01:31:38,480
you guys have four weeks working on it

2101
01:31:36,480 --> 01:31:40,400
and then have another Monday night

2102
01:31:38,480 --> 01:31:41,920
doesn't have to be a long one budget

2103
01:31:40,400 --> 01:31:44,800
meeting and say, "Hey, this is where we

2104
01:31:41,920 --> 01:31:47,760
found it. We've got down to chuck six."

2105
01:31:44,800 --> 01:31:49,760
Then if we're okay with that and we

2106
01:31:47,760 --> 01:31:51,679
don't want to use EDA money or whatever

2107
01:31:49,760 --> 01:31:53,440
else, then we could vote. We could we

2108
01:31:51,679 --> 01:31:54,800
could vote at a budget meeting. I mean

2109
01:31:53,440 --> 01:31:55,360
it is a published meeting that we're

2110
01:31:54,800 --> 01:31:56,880
we're all

2111
01:31:55,360 --> 01:31:58,560
» We could technically yes it's not

2112
01:31:56,880 --> 01:32:01,120
something we've historically done and so

2113
01:31:58,560 --> 01:32:03,040
I trying to keep things transparent as

2114
01:32:01,120 --> 01:32:03,600
council's always voted during regular

2115
01:32:03,040 --> 01:32:06,159
meetings

2116
01:32:03,600 --> 01:32:08,639
» Right and it's not that we're trying to

2117
01:32:06,159 --> 01:32:11,040
this we're just publishing where we're

2118
01:32:08,639 --> 01:32:11,920
not to exceed let's just let's let's see

2119
01:32:11,040 --> 01:32:15,600
what you come up with

2120
01:32:11,920 --> 01:32:19,679
» But I just yeah but I just don't want to

2121
01:32:15,600 --> 01:32:20,480
get to a point at 6% something was

2122
01:32:19,679 --> 01:32:23,280
missed or

2123
01:32:20,480 --> 01:32:23,679
» I was like like that's

2124
01:32:23,280 --> 01:32:24,960
might

2125
01:32:23,679 --> 01:32:26,320
» And I know even in the past when we've

2126
01:32:24,960 --> 01:32:28,239
gone into it we've gone okay we think

2127
01:32:26,320 --> 01:32:30,880
we're at 6% but how about we come in at

2128
01:32:28,239 --> 01:32:32,560
seven or seven and a half the idea being

2129
01:32:30,880 --> 01:32:35,199
what happens if we have an unexpected

2130
01:32:32,560 --> 01:32:36,400
truck blow up on us and so now like that

2131
01:32:35,199 --> 01:32:38,320
becomes something that needs to get

2132
01:32:36,400 --> 01:32:40,400
replaced that we weren't because we

2133
01:32:38,320 --> 01:32:41,520
tightened the screw so tight that now we

2134
01:32:40,400 --> 01:32:43,360
don't have money in the budget to

2135
01:32:41,520 --> 01:32:44,159
replace that truck or

2136
01:32:43,360 --> 01:32:46,909
» Budget

2137
01:32:44,159 --> 01:32:47,920
» We could go to the EDA fund and take,000

2138
01:32:46,909 --> 01:32:49,120
[clears throat]

2139
01:32:47,920 --> 01:32:50,800
» There's a difference between money in

2140
01:32:49,120 --> 01:32:52,719
the budget and going to a fund of

2141
01:32:50,800 --> 01:32:53,280
existing cash Like those are two very

2142
01:32:52,719 --> 01:32:56,560
different things.

2143
01:32:53,280 --> 01:32:58,000
» Or we take out the $75,000 from the EDA

2144
01:32:56,560 --> 01:32:59,040
this year because they are sitting on

2145
01:32:58,000 --> 01:33:00,080
1.2 million.

2146
01:32:59,040 --> 01:33:01,440
» I mean there's there's a lot of

2147
01:33:00,080 --> 01:33:01,760
different ways around it, you know. I

2148
01:33:01,440 --> 01:33:04,000
mean

2149
01:33:01,760 --> 01:33:05,199
» So so I will say taking out the 75 is

2150
01:33:04,000 --> 01:33:07,440
not going to save you as much as you

2151
01:33:05,199 --> 01:33:08,800
think only because portion of the EDA is

2152
01:33:07,440 --> 01:33:09,040
» They would buy a new truck if it blew

2153
01:33:08,800 --> 01:33:10,320
up,

2154
01:33:09,040 --> 01:33:12,560
» But it's paying for a third of my

2155
01:33:10,320 --> 01:33:13,840
salary. So are we also I'll just say it.

2156
01:33:12,560 --> 01:33:15,600
Are we taking away just a third of my

2157
01:33:13,840 --> 01:33:18,080
salary or is that then getting funded by

2158
01:33:15,600 --> 01:33:20,000
the general fund? So a lot of those EDA

2159
01:33:18,080 --> 01:33:20,639
funds would then just move back into the

2160
01:33:20,000 --> 01:33:22,400
general fund.

2161
01:33:20,639 --> 01:33:23,760
» Well, I don't you know, the accounting

2162
01:33:22,400 --> 01:33:26,400
shift that you want to do and how you

2163
01:33:23,760 --> 01:33:28,880
want to portray it. I don't, you know, I

2164
01:33:26,400 --> 01:33:30,960
don't that doesn't bother me as much as

2165
01:33:28,880 --> 01:33:31,920
» I mean I I I guess I'll be honest.

2166
01:33:30,960 --> 01:33:37,159
» We got you know,

2167
01:33:31,920 --> 01:33:37,159
» I'll be honest. There is 6,26,27,6424

2168
01:33:39,440 --> 01:33:43,840
that we could potentially play with. Um,

2169
01:33:42,239 --> 01:33:46,320
but some of that comes down to to

2170
01:33:43,840 --> 01:33:48,320
services. And I will say this council

2171
01:33:46,320 --> 01:33:50,719
did a great job keeping keeping stuff

2172
01:33:48,320 --> 01:33:53,040
low and we certainly reduced the levy. I

2173
01:33:50,719 --> 01:33:56,159
think it was up to almost 70% at one

2174
01:33:53,040 --> 01:33:59,040
point tax rate. But there does come a

2175
01:33:56,159 --> 01:34:01,040
point too when you've continued to keep

2176
01:33:59,040 --> 01:34:02,960
things really low and inflation has gone

2177
01:34:01,040 --> 01:34:04,639
the other direction that it becomes

2178
01:34:02,960 --> 01:34:06,960
harder and harder to cut. And I know

2179
01:34:04,639 --> 01:34:08,719
when we when we talk internally it

2180
01:34:06,960 --> 01:34:10,400
becomes a well we can get rid of that

2181
01:34:08,719 --> 01:34:12,080
but like are we going to have to let the

2182
01:34:10,400 --> 01:34:13,679
grass grow a little longer? Let the

2183
01:34:12,080 --> 01:34:16,159
streets get a little less plowed that

2184
01:34:13,679 --> 01:34:18,400
sort of thing. And at some point too,

2185
01:34:16,159 --> 01:34:20,320
you we have trimmed up supplies enough

2186
01:34:18,400 --> 01:34:22,560
to where we are running a very tight

2187
01:34:20,320 --> 01:34:24,320
ship across most departments. To your

2188
01:34:22,560 --> 01:34:27,440
point, Sean, we do start having to get

2189
01:34:24,320 --> 01:34:28,480
into labor costs and it becomes okay. If

2190
01:34:27,440 --> 01:34:30,320
we're going to find this money, we have

2191
01:34:28,480 --> 01:34:33,440
to find in labor. And now I'm saying all

2192
01:34:30,320 --> 01:34:35,199
of this not to say that we couldn't find

2193
01:34:33,440 --> 01:34:37,280
some if the council came and said, you

2194
01:34:35,199 --> 01:34:39,440
know what, this is passing at 6%. I need

2195
01:34:37,280 --> 01:34:41,040
you guys to make this happen. We would

2196
01:34:39,440 --> 01:34:42,560
make it happen. I can't promise what

2197
01:34:41,040 --> 01:34:44,159
kind of juice comes out the other end on

2198
01:34:42,560 --> 01:34:45,280
it, but we could certainly make it

2199
01:34:44,159 --> 01:34:47,120
happen.

2200
01:34:45,280 --> 01:34:49,199
» Well, I guess my my point would be I

2201
01:34:47,120 --> 01:34:51,440
don't do we we don't necessarily have to

2202
01:34:49,199 --> 01:34:54,800
do it tonight. We don't have to publish

2203
01:34:51,440 --> 01:34:56,560
it tonight. So maybe at the next Tuesday

2204
01:34:54,800 --> 01:34:59,679
you've come already and you said, "Hey,

2205
01:34:56,560 --> 01:35:03,199
I was able to skim another 46 off by

2206
01:34:59,679 --> 01:35:03,679
this." I still think I should publish

2207
01:35:03,199 --> 01:35:05,040
what

2208
01:35:03,679 --> 01:35:07,040
» But but to Chuck's point, I'd rather

2209
01:35:05,040 --> 01:35:09,440
publish a little high and then take it

2210
01:35:07,040 --> 01:35:11,199
off then try to take it off and publish

2211
01:35:09,440 --> 01:35:12,159
that lower number and then something

2212
01:35:11,199 --> 01:35:14,800
comes up.

2213
01:35:12,159 --> 01:35:16,880
» No, second.

2214
01:35:14,800 --> 01:35:18,560
I mean, we can we don't have to make a

2215
01:35:16,880 --> 01:35:20,560
decision, but we're got to make a

2216
01:35:18,560 --> 01:35:22,560
decision September either the first

2217
01:35:20,560 --> 01:35:24,000
meeting or the second meeting.

2218
01:35:22,560 --> 01:35:25,280
» So, we have to publish that to the

2219
01:35:24,000 --> 01:35:25,840
Minnesota Department of Revenue,

2220
01:35:25,280 --> 01:35:27,760
» Right?

2221
01:35:25,840 --> 01:35:30,719
» Um

2222
01:35:27,760 --> 01:35:31,360
and you know, I just think

2223
01:35:30,719 --> 01:35:34,591
And that's not

2224
01:35:31,360 --> 01:35:36,611
» Just just what Josh's memo and 7.56

2225
01:35:34,591 --> 01:35:36,611
[snorts]

2226
01:35:36,639 --> 01:35:42,080
that's something that

2227
01:35:39,040 --> 01:35:43,679
has a backbone to it. everyone has

2228
01:35:42,080 --> 01:35:46,080
looked at their budget and said, "Hey,

2229
01:35:43,679 --> 01:35:48,960
this is what we need next year, you

2230
01:35:46,080 --> 01:35:51,040
know, and so you can say, okay, we we

2231
01:35:48,960 --> 01:35:53,679
got this by using some of that grant

2232
01:35:51,040 --> 01:35:58,000
money and, you know, whatever other

2233
01:35:53,679 --> 01:35:59,760
things, which you know, to me is

2234
01:35:58,000 --> 01:36:00,639
we're very lucky that we got that

2235
01:35:59,760 --> 01:36:01,760
million dollar."

2236
01:36:00,639 --> 01:36:05,280
» Yeah.

2237
01:36:01,760 --> 01:36:08,080
» You know, so um

2238
01:36:05,280 --> 01:36:10,639
» But again, I don't want to go and say in

2239
01:36:08,080 --> 01:36:13,840
September we're going to have 6%. I

2240
01:36:10,639 --> 01:36:15,520
think that's that's tightening too much.

2241
01:36:13,840 --> 01:36:18,000
I mean, that's that's just my goal. I

2242
01:36:15,520 --> 01:36:18,639
don't know what your guys go to what my

2243
01:36:18,000 --> 01:36:20,080
goal was.

2244
01:36:18,639 --> 01:36:21,679
» Right. Right.

2245
01:36:20,080 --> 01:36:23,760
» Well, I mean, do we have the our

2246
01:36:21,679 --> 01:36:24,320
insurance costs in yet or?

2247
01:36:23,760 --> 01:36:26,080
» Uh,

2248
01:36:24,320 --> 01:36:27,120
» It's going to be 19% for health

2249
01:36:26,080 --> 01:36:28,000
insurance.

2250
01:36:27,120 --> 01:36:32,560
» It was what?

2251
01:36:28,000 --> 01:36:34,560
» It will be 19% for health insurance.

2252
01:36:32,560 --> 01:36:37,120
» I I would think that probably should be

2253
01:36:34,560 --> 01:36:40,000
7.56 would be smarter idea because we

2254
01:36:37,120 --> 01:36:40,960
can go less, just never go over, right?

2255
01:36:40,000 --> 01:36:42,400
Well, that's

2256
01:36:40,960 --> 01:36:44,639
» Yeah. All you're doing is basically

2257
01:36:42,400 --> 01:36:46,239
publishing a cap for yourself.

2258
01:36:44,639 --> 01:36:47,920
» Well, we could beat this in the head a

2259
01:36:46,239 --> 01:36:50,239
little longer, but I would say I would

2260
01:36:47,920 --> 01:36:51,440
suggest that we adjourn.

2261
01:36:50,239 --> 01:36:52,800
» I just want to make a couple of

2262
01:36:51,440 --> 01:36:55,360
comments.

2263
01:36:52,800 --> 01:36:57,840
» Just a couple. Godamn it.

2264
01:36:55,360 --> 01:36:59,840
» Well, just revisiting

2265
01:36:57,840 --> 01:37:04,440
the cash payments and the cash that we

2266
01:36:59,840 --> 01:37:04,440
use for the debt service.

2267
01:37:06,000 --> 01:37:11,199
I I think there's

2268
01:37:09,199 --> 01:37:13,119
If we look at towards the end of this

2269
01:37:11,199 --> 01:37:16,000
year, we see that this year we're

2270
01:37:13,119 --> 01:37:18,000
running an excess.

2271
01:37:16,000 --> 01:37:21,040
I'm would advocate that that would be

2272
01:37:18,000 --> 01:37:22,000
used to help pay for

2273
01:37:21,040 --> 01:37:23,760
project [clears throat] or at least

2274
01:37:22,000 --> 01:37:27,040
understand

2275
01:37:23,760 --> 01:37:29,760
get a good number are we going

2276
01:37:27,040 --> 01:37:31,920
and if there is try to use that to

2277
01:37:29,760 --> 01:37:34,000
reduce

2278
01:37:31,920 --> 01:37:36,719
station.

2279
01:37:34,000 --> 01:37:39,119
When we did the start thinking about the

2280
01:37:36,719 --> 01:37:42,360
facility needs way before Ivan was

2281
01:37:39,119 --> 01:37:42,360
council member

2282
01:37:42,719 --> 01:37:49,040
this is a long this is a multi- faceted

2283
01:37:47,280 --> 01:37:51,920
project and so we bought a parks

2284
01:37:49,040 --> 01:37:54,000
building that we're buying a city hall

2285
01:37:51,920 --> 01:37:56,080
both in cash

2286
01:37:54,000 --> 01:37:58,800
um we're not financing it those are the

2287
01:37:56,080 --> 01:38:02,000
long-term assets and so we're paying

2288
01:37:58,800 --> 01:38:03,679
short-term cash and that's great but in

2289
01:38:02,000 --> 01:38:05,280
the sense if there's going to a benefit

2290
01:38:03,679 --> 01:38:09,440
to the taxpayer. It should be done

2291
01:38:05,280 --> 01:38:11,119
sooner than later if you can do it

2292
01:38:09,440 --> 01:38:14,239
because

2293
01:38:11,119 --> 01:38:16,080
this all came together overall. I stand

2294
01:38:14,239 --> 01:38:19,040
by the fact that it's been a great

2295
01:38:16,080 --> 01:38:21,840
success, a great accomplishment and it

2296
01:38:19,040 --> 01:38:23,679
added a lot. I know a lot of people

2297
01:38:21,840 --> 01:38:26,080
might not agree with that, but

2298
01:38:23,679 --> 01:38:30,000
financially

2299
01:38:26,080 --> 01:38:32,320
I think there's reason to to think about

2300
01:38:30,000 --> 01:38:34,639
there's extra cash

2301
01:38:32,320 --> 01:38:37,840
to apply it to debt service to reduce

2302
01:38:34,639 --> 01:38:39,520
that for next year. Got the benefit as

2303
01:38:37,840 --> 01:38:41,600
we went through this projection about

2304
01:38:39,520 --> 01:38:44,600
the additional bond,000

2305
01:38:41,600 --> 01:38:44,600
available.

2306
01:38:45,520 --> 01:38:50,239
Oh,

2307
01:38:47,360 --> 01:38:52,400
the projection I think is very good and

2308
01:38:50,239 --> 01:38:56,560
very actually very happy with how the

2309
01:38:52,400 --> 01:38:59,199
numbers are looking there. But there's

2310
01:38:56,560 --> 01:39:02,560
extra availability. We don't have the

2311
01:38:59,199 --> 01:39:04,639
ambulance fun anymore.

2312
01:39:02,560 --> 01:39:07,280
That's what I'd advocate for. And then

2313
01:39:04,639 --> 01:39:10,480
secondly about the EDA

2314
01:39:07,280 --> 01:39:15,400
I I think there's arguments that can be

2315
01:39:10,480 --> 01:39:15,400
made about considering things with the

2316
01:39:17,600 --> 01:39:25,920
I would certainly consider the fact of

2317
01:39:21,040 --> 01:39:28,800
using levy there if no fun budget after

2318
01:39:25,920 --> 01:39:31,760
the sidewalk thing is done

2319
01:39:28,800 --> 01:39:33,600
that we have still that issue like we're

2320
01:39:31,760 --> 01:39:35,840
going to have to fun with our own cash

2321
01:39:33,600 --> 01:39:35,840
but we

2322
01:39:36,000 --> 01:39:43,119
But we certainly have some life into it

2323
01:39:39,920 --> 01:39:45,679
if we're not going to be developers

2324
01:39:43,119 --> 01:39:47,840
today at this point in time. I don't

2325
01:39:45,679 --> 01:39:50,239
necessarily a big advocate of us buying

2326
01:39:47,840 --> 01:39:52,320
bunch of land.

2327
01:39:50,239 --> 01:39:54,639
I know that's not everyone doesn't feel

2328
01:39:52,320 --> 01:39:58,360
the same way about that, but return on

2329
01:39:54,639 --> 01:39:58,360
investment. I don't

2330
01:39:59,280 --> 01:40:04,800
since we're not looking for job. I

2331
01:40:01,920 --> 01:40:06,480
certainly would be open to that review

2332
01:40:04,800 --> 01:40:08,960
and discussion and see if there's other

2333
01:40:06,480 --> 01:40:11,199
things.

2334
01:40:08,960 --> 01:40:15,719
I made the levy originally to the city

2335
01:40:11,199 --> 01:40:15,719
council to start a levy for the

2336
01:40:16,400 --> 01:40:20,000
regular staffing

2337
01:40:18,400 --> 01:40:24,840
and I wouldn't be considering anything

2338
01:40:20,000 --> 01:40:24,840
like that cut down anybody's

2339
01:40:25,360 --> 01:40:30,719
we did that a few years back

2340
01:40:28,159 --> 01:40:34,320
signing the administrator to that that

2341
01:40:30,719 --> 01:40:36,960
was a percentage of

2342
01:40:34,320 --> 01:40:40,000
that can change and that will change

2343
01:40:36,960 --> 01:40:41,920
when the work involved is Obviously

2344
01:40:40,000 --> 01:40:45,480
in the last there's a lot of work

2345
01:40:41,920 --> 01:40:45,480
involved in selling

2346
01:40:49,199 --> 01:40:52,199
longwinded

2347
01:40:56,560 --> 01:41:03,119
are we all kind of all in agreement that

2348
01:41:00,000 --> 01:41:05,840
you know as of tonight we kind of

2349
01:41:03,119 --> 01:41:08,960
have a position and we'll we'll review

2350
01:41:05,840 --> 01:41:10,960
it again and see what

2351
01:41:08,960 --> 01:41:12,400
I guess when would you guys like like to

2352
01:41:10,960 --> 01:41:16,360
come back then?

2353
01:41:12,400 --> 01:41:16,360
» Well, we like to do it after

2354
01:41:20,080 --> 01:41:24,040
like we used to do the old.

2355
01:41:26,000 --> 01:41:32,560
» So, so then I guess I would say you guys

2356
01:41:27,920 --> 01:41:36,159
do not want bring this for preliminary

2357
01:41:32,560 --> 01:41:37,440
approval then at the first meeting. Is

2358
01:41:36,159 --> 01:41:39,360
that what I'm hearing then?

2359
01:41:37,440 --> 01:41:41,920
» Yeah.

2360
01:41:39,360 --> 01:41:43,840
The not to exceed the preliminary not to

2361
01:41:41,920 --> 01:41:46,960
exceed

2362
01:41:43,840 --> 01:41:47,760
» Or I guess the max levy cap, however we

2363
01:41:46,960 --> 01:41:50,159
want to word it.

2364
01:41:47,760 --> 01:41:51,440
» First meeting.

2365
01:41:50,159 --> 01:41:52,880
» So that yeah, that's the way we've kind

2366
01:41:51,440 --> 01:41:54,320
of done it the last couple years. That

2367
01:41:52,880 --> 01:41:55,920
first meeting in September, we've said,

2368
01:41:54,320 --> 01:41:57,440
"Okay, this is where we're setting it."

2369
01:41:55,920 --> 01:41:59,280
And then usually it's that first meeting

2370
01:41:57,440 --> 01:42:00,800
in October is where we then are right

2371
01:41:59,280 --> 01:42:01,440
back at the budget to have another

2372
01:42:00,800 --> 01:42:02,960
budget meeting.

2373
01:42:01,440 --> 01:42:06,000
» I would be okay with that. Those give

2374
01:42:02,960 --> 01:42:08,480
you a couple extra months.

2375
01:42:06,000 --> 01:42:09,840
Well, that's next Tuesday, week from

2376
01:42:08,480 --> 01:42:12,159
tomorrow.

2377
01:42:09,840 --> 01:42:14,000
» But I think I think what I'm hearing,

2378
01:42:12,159 --> 01:42:18,960
we're kind of all in agreement that the

2379
01:42:14,000 --> 01:42:22,400
7.56 is not a bad place not to exceed

2380
01:42:18,960 --> 01:42:24,239
because we can validate that through

2381
01:42:22,400 --> 01:42:27,040
Josh's budget,

2382
01:42:24,239 --> 01:42:29,360
» Right? But doesn't allow any flexibility

2383
01:42:27,040 --> 01:42:30,800
if you're off.

2384
01:42:29,360 --> 01:42:31,600
» Well, we should be able to come in a lot

2385
01:42:30,800 --> 01:42:33,760
smaller.

2386
01:42:31,600 --> 01:42:36,639
» What do you want to go higher?

2387
01:42:33,760 --> 01:42:37,840
I think we've always gone higher

2388
01:42:36,639 --> 01:42:39,119
» Traditionally. Yes.

2389
01:42:37,840 --> 01:42:39,600
» I mean, well, that's fine if you want to

2390
01:42:39,119 --> 01:42:40,560
go.

2391
01:42:39,600 --> 01:42:42,800
» I mean,

2392
01:42:40,560 --> 01:42:43,760
» I mean, that number is except it goes

2393
01:42:42,800 --> 01:42:45,440
up.

2394
01:42:43,760 --> 01:42:47,600
» Personally, as we continue to get

2395
01:42:45,440 --> 01:42:49,119
insurance numbers in the I actually

2396
01:42:47,600 --> 01:42:50,800
didn't even get a chance to tell Josh

2397
01:42:49,119 --> 01:42:54,639
because it [clears throat] came in late

2398
01:42:50,800 --> 01:42:56,560
on Thursday, um, like after hours. I

2399
01:42:54,639 --> 01:42:58,400
would appreciate some flexibility as we

2400
01:42:56,560 --> 01:43:02,080
get insurance numbers. Not like it's

2401
01:42:58,400 --> 01:43:04,000
going to change it $20,000 per se, but

2402
01:43:02,080 --> 01:43:06,159
just to like fine tune some of that in

2403
01:43:04,000 --> 01:43:08,400
case some of our renewals that we have

2404
01:43:06,159 --> 01:43:09,760
out there are going to be different. I

2405
01:43:08,400 --> 01:43:10,320
mean, health insurance is the biggest

2406
01:43:09,760 --> 01:43:11,920
one, but

2407
01:43:10,320 --> 01:43:14,239
» So, you would be more comfortable if it

2408
01:43:11,920 --> 01:43:16,560
was a higher number than 7.56.

2409
01:43:14,239 --> 01:43:19,360
» Yeah. And not

2410
01:43:16,560 --> 01:43:20,960
percents higher, but like fractions of

2411
01:43:19,360 --> 01:43:23,920
percents higher. It would be comforting

2412
01:43:20,960 --> 01:43:25,600
while we all go back and review things

2413
01:43:23,920 --> 01:43:28,000
while people are looking for savings

2414
01:43:25,600 --> 01:43:29,280
just to make sure everything is

2415
01:43:28,000 --> 01:43:31,040
» Where we want it to be.

2416
01:43:29,280 --> 01:43:32,960
» If we do go eight, does that mean it's

2417
01:43:31,040 --> 01:43:33,679
going to be on how the bill

2418
01:43:32,960 --> 01:43:34,239
» Tax statement

2419
01:43:33,679 --> 01:43:35,600
» On the

2420
01:43:34,239 --> 01:43:36,960
» Correct. Well, whatever number this is

2421
01:43:35,600 --> 01:43:38,560
is the one that appears on the

2422
01:43:36,960 --> 01:43:39,840
preliminary statement,

2423
01:43:38,560 --> 01:43:42,480
» Which is the one that we got in trouble

2424
01:43:39,840 --> 01:43:46,000
in the guy coming out the tank.

2425
01:43:42,480 --> 01:43:48,239
» So, I will say usually, and I mean I

2426
01:43:46,000 --> 01:43:50,080
every year, you never know, um,

2427
01:43:48,239 --> 01:43:51,840
historically most comments that people

2428
01:43:50,080 --> 01:43:54,159
seem to receive in the preliminary are

2429
01:43:51,840 --> 01:43:56,000
people upset with their tax values. And

2430
01:43:54,159 --> 01:43:57,840
so, just getting the word out that the

2431
01:43:56,000 --> 01:44:00,320
tax value meeting usually happens in

2432
01:43:57,840 --> 01:44:02,239
March or April, not

2433
01:44:00,320 --> 01:44:04,080
» Coming up.

2434
01:44:02,239 --> 01:44:05,600
I would guess like personally when most

2435
01:44:04,080 --> 01:44:07,360
people have come to me and said, "Hey,

2436
01:44:05,600 --> 01:44:10,159
why does mine have an 8% increase here

2437
01:44:07,360 --> 01:44:12,320
or whatnot?" Um, well, and that's the

2438
01:44:10,159 --> 01:44:14,480
thing too is that they don't necessarily

2439
01:44:12,320 --> 01:44:18,080
even see in this case, they wouldn't

2440
01:44:14,480 --> 01:44:20,239
necessarily see 7.56 on their tax bill.

2441
01:44:18,080 --> 01:44:22,480
If they're the average person, they

2442
01:44:20,239 --> 01:44:24,880
would see a 5.62%

2443
01:44:22,480 --> 01:44:26,080
increase. Um, if

2444
01:44:24,880 --> 01:44:28,480
» That's all they

2445
01:44:26,080 --> 01:44:29,600
» And and so um yeah, the number they're

2446
01:44:28,480 --> 01:44:30,639
seeing isn't even the number we're

2447
01:44:29,600 --> 01:44:31,920
talking about tonight. the number

2448
01:44:30,639 --> 01:44:34,000
they're going to see is the number of

2449
01:44:31,920 --> 01:44:35,679
how it affects them personally, which I

2450
01:44:34,000 --> 01:44:38,239
think is what most people generally end

2451
01:44:35,679 --> 01:44:39,600
up caring about. But so there will be

2452
01:44:38,239 --> 01:44:41,280
some that would come in because it's

2453
01:44:39,600 --> 01:44:42,880
higher and some that come in and be

2454
01:44:41,280 --> 01:44:44,320
like, "Hey, my taxes are going down.

2455
01:44:42,880 --> 01:44:46,639
Thank you."

2456
01:44:44,320 --> 01:44:48,000
» Well, then um wait a minute, does that

2457
01:44:46,639 --> 01:44:50,320
happen?

2458
01:44:48,000 --> 01:44:51,520
» Uh yeah, if you go back to that year,

2459
01:44:50,320 --> 01:44:54,239
» The thank you part.

2460
01:44:51,520 --> 01:44:56,800
» If you go back to was it 2024, the

2461
01:44:54,239 --> 01:44:58,639
average impact was negative.

2462
01:44:56,800 --> 01:45:00,320
Um I actually did have people saying,

2463
01:44:58,639 --> 01:45:03,199
"Hey, our taxes never go down. This is

2464
01:45:00,320 --> 01:45:04,560
awesome. So it it has happened.

2465
01:45:03,199 --> 01:45:06,400
» Can we finish what we're talking about,

2466
01:45:04,560 --> 01:45:08,880
Rob? And then you feel more comfortable

2467
01:45:06,400 --> 01:45:09,760
at 8%. And does anybody have a problem

2468
01:45:08,880 --> 01:45:10,800
with that?

2469
01:45:09,760 --> 01:45:11,760
» Well, we don't have to make that

2470
01:45:10,800 --> 01:45:12,000
decision today.

2471
01:45:11,760 --> 01:45:12,960
» Okay.

2472
01:45:12,000 --> 01:45:14,000
» Well, I mean, well,

2473
01:45:12,960 --> 01:45:15,280
» If we're taking it on the

2474
01:45:14,000 --> 01:45:16,960
» Well, like yeah, if we're bringing it

2475
01:45:15,280 --> 01:45:21,119
back for set our

2476
01:45:16,960 --> 01:45:23,520
» We want to talk about setting that

2477
01:45:21,119 --> 01:45:25,119
levy amount at the September 8th

2478
01:45:23,520 --> 01:45:28,239
meeting.

2479
01:45:25,119 --> 01:45:30,000
I would prefer later but we don't have

2480
01:45:28,239 --> 01:45:32,239
» So

2481
01:45:30,000 --> 01:45:34,800
» And I would like to see maybe insurance

2482
01:45:32,239 --> 01:45:35,520
» 22nd

2483
01:45:34,800 --> 01:45:36,480
21st

2484
01:45:35,520 --> 01:45:40,320
» 21st

2485
01:45:36,480 --> 01:45:41,600
» 21st maybe insurance rates we're get

2486
01:45:40,320 --> 01:45:43,520
some more numbers or

2487
01:45:41,600 --> 01:45:46,080
» Well that's fine we can do it the 21st

2488
01:45:43,520 --> 01:45:47,199
but that it has to be done by

2489
01:45:46,080 --> 01:45:50,560
» Which means then we have to have a

2490
01:45:47,199 --> 01:45:54,159
budget meeting in between now and then

2491
01:45:50,560 --> 01:45:54,960
the 21st if there's discussions to have

2492
01:45:54,159 --> 01:45:56,000
Right.

2493
01:45:54,960 --> 01:45:57,199
» No, because we're just set in the

2494
01:45:56,000 --> 01:45:57,840
preliminary

2495
01:45:57,199 --> 01:45:58,560
» Not to exceed.

2496
01:45:57,840 --> 01:45:59,840
» Well, that's what I mean. If we're

2497
01:45:58,560 --> 01:46:02,639
setting the preliminary, we could do it

2498
01:45:59,840 --> 01:46:03,920
on the 8th, too.

2499
01:46:02,639 --> 01:46:05,360
» Because Yeah. If we're not if we're not

2500
01:46:03,920 --> 01:46:07,360
going to have another budget discussion,

2501
01:46:05,360 --> 01:46:10,400
per se, but we could set it whenever the

2502
01:46:07,360 --> 01:46:12,880
next meeting is. Um,

2503
01:46:10,400 --> 01:46:14,239
I guess if you look at the schedule, I

2504
01:46:12,880 --> 01:46:16,400
Well, I think this meeting was kind of

2505
01:46:14,239 --> 01:46:18,880
unplanned. It got pushed both forward

2506
01:46:16,400 --> 01:46:20,320
and back at the same time. Um, the next

2507
01:46:18,880 --> 01:46:21,520
planned meeting, I guess, would be the

2508
01:46:20,320 --> 01:46:22,880
first meeting in October.

2509
01:46:21,520 --> 01:46:24,800
» Well, it doesn't have to be until the

2510
01:46:22,880 --> 01:46:26,880
30th. I don't I don't understand why we

2511
01:46:24,800 --> 01:46:28,800
can't give you guys a month to take a

2512
01:46:26,880 --> 01:46:32,560
look at it and

2513
01:46:28,800 --> 01:46:35,840
» But even if they come back with a 6%

2514
01:46:32,560 --> 01:46:37,600
I don't want to buy our hands and do

2515
01:46:35,840 --> 01:46:39,199
» No but then we could at least come back

2516
01:46:37,600 --> 01:46:40,880
and say okay it's 7%

2517
01:46:39,199 --> 01:46:42,480
» But then we need a budget meeting I

2518
01:46:40,880 --> 01:46:44,800
would assume to do that and not just

2519
01:46:42,480 --> 01:46:48,400
surprise you guys example on like

2520
01:46:44,800 --> 01:46:50,719
September 21st and say hey we put in

2521
01:46:48,400 --> 01:46:52,000
seven or we put in six and a half so we

2522
01:46:50,719 --> 01:46:53,280
would just have to have a budget meeting

2523
01:46:52,000 --> 01:46:54,880
in the next

2524
01:46:53,280 --> 01:46:56,639
I would just do a budget meeting at the

2525
01:46:54,880 --> 01:46:58,400
end of the month. You know, that gives

2526
01:46:56,639 --> 01:46:59,360
you guys more time. Maybe some insurance

2527
01:46:58,400 --> 01:47:00,719
numbers come in,

2528
01:46:59,360 --> 01:47:01,679
» But we'd still need to set the

2529
01:47:00,719 --> 01:47:03,520
preliminary

2530
01:47:01,679 --> 01:47:05,040
» By the end of September. Right. Yeah.

2531
01:47:03,520 --> 01:47:05,520
So, I would be prepared to do that on

2532
01:47:05,040 --> 01:47:06,960
that night.

2533
01:47:05,520 --> 01:47:09,040
» But I guess also like we've mentioned

2534
01:47:06,960 --> 01:47:09,840
like his Yeah. Like historically

2535
01:47:09,040 --> 01:47:11,280
» Some wiggle room.

2536
01:47:09,840 --> 01:47:13,520
» Yeah. Historically, we've always done

2537
01:47:11,280 --> 01:47:15,199
that in an open meeting because those

2538
01:47:13,520 --> 01:47:17,040
like those are the meetings that people

2539
01:47:15,199 --> 01:47:18,320
expect us to make decisions. So, as long

2540
01:47:17,040 --> 01:47:19,920
as the council would have to be okay

2541
01:47:18,320 --> 01:47:21,840
with making a decision at a special

2542
01:47:19,920 --> 01:47:22,320
meeting when we don't normally make

2543
01:47:21,840 --> 01:47:23,760
decisions,

2544
01:47:22,320 --> 01:47:25,920
» We're we're making a non-binding

2545
01:47:23,760 --> 01:47:27,600
decision. It's not that important.

2546
01:47:25,920 --> 01:47:29,440
» Or we can have it on the agenda,

2547
01:47:27,600 --> 01:47:31,040
» Right?

2548
01:47:29,440 --> 01:47:33,280
» At a meeting. It doesn't have to be a

2549
01:47:31,040 --> 01:47:34,960
special budget. Be on the agenda that

2550
01:47:33,280 --> 01:47:37,520
we're going to discuss.

2551
01:47:34,960 --> 01:47:38,800
» No, no. I mean, that mean

2552
01:47:37,520 --> 01:47:39,360
it's not like we're doing it out of

2553
01:47:38,800 --> 01:47:39,679
session,

2554
01:47:39,360 --> 01:47:41,360
» Right?

2555
01:47:39,679 --> 01:47:43,199
» No, we wouldn't be doing it out of

2556
01:47:41,360 --> 01:47:44,719
session. It's just happening at hap it

2557
01:47:43,199 --> 01:47:46,000
would happen at a anything that's not a

2558
01:47:44,719 --> 01:47:47,840
regular meeting becomes a special

2559
01:47:46,000 --> 01:47:50,320
meeting and we've just historically

2560
01:47:47,840 --> 01:47:51,679
never made decisions during a special

2561
01:47:50,320 --> 01:47:52,639
meeting. So I just want to make sure the

2562
01:47:51,679 --> 01:47:54,239
council would be okay.

2563
01:47:52,639 --> 01:47:56,480
» We've made decisions.

2564
01:47:54,239 --> 01:47:58,880
» Okay. Not since I've been here not since

2565
01:47:56,480 --> 01:47:59,920
I've been here has anything formally

2566
01:47:58,880 --> 01:48:01,679
» Decisions now.

2567
01:47:59,920 --> 01:48:02,400
» Okay. Nothing's been formally

2568
01:48:01,679 --> 01:48:05,119
» There you go.

2569
01:48:02,400 --> 01:48:06,320
» So I just know that too I mean there's a

2570
01:48:05,119 --> 01:48:08,400
lot of people especially in today's

2571
01:48:06,320 --> 01:48:10,320
world that are transparency. So, I just

2572
01:48:08,400 --> 01:48:12,000
want to make sure that everyone is aware

2573
01:48:10,320 --> 01:48:14,399
that um

2574
01:48:12,000 --> 01:48:16,080
» You college kids.

2575
01:48:14,399 --> 01:48:17,520
[laughter]

2576
01:48:16,080 --> 01:48:18,960
» So, we

2577
01:48:17,520 --> 01:48:20,719
» Is that how the council wants to go at

2578
01:48:18,960 --> 01:48:22,880
this point that we want to schedule a

2579
01:48:20,719 --> 01:48:24,239
special meeting right now to talk about

2580
01:48:22,880 --> 01:48:25,520
this

2581
01:48:24,239 --> 01:48:27,920
» And if you want to do it the second

2582
01:48:25,520 --> 01:48:29,840
meeting then I suggest we do it before

2583
01:48:27,920 --> 01:48:31,679
the 15th meeting

2584
01:48:29,840 --> 01:48:32,080
» Because I I I guess I will just say this

2585
01:48:31,679 --> 01:48:33,440
about

2586
01:48:32,080 --> 01:48:34,880
» Make an action at the meeting.

2587
01:48:33,440 --> 01:48:36,080
» I will say this about the budget in

2588
01:48:34,880 --> 01:48:38,159
front of you. I kind of mentioned that

2589
01:48:36,080 --> 01:48:40,560
there's a potential anywhere from zero

2590
01:48:38,159 --> 01:48:42,239
to $50,000 that I could certainly pull

2591
01:48:40,560 --> 01:48:44,639
out of this. I'll say from our

2592
01:48:42,239 --> 01:48:47,520
department heads perspectives, they have

2593
01:48:44,639 --> 01:48:49,679
they've served to squeeze this thing. Um

2594
01:48:47,520 --> 01:48:51,760
the first budget we looked at when we

2595
01:48:49,679 --> 01:48:53,440
said okay because a lot of times I tell

2596
01:48:51,760 --> 01:48:55,360
them numbers out of the question. I just

2597
01:48:53,440 --> 01:48:57,280
want to know what you guys need. We were

2598
01:48:55,360 --> 01:49:00,239
above 20%. And so we've gotten this

2599
01:48:57,280 --> 01:49:01,679
thing squeezed down quite a bit. At this

2600
01:49:00,239 --> 01:49:04,320
point, I think we may be squeezing on

2601
01:49:01,679 --> 01:49:06,320
needs. And so, I don't know how big of a

2602
01:49:04,320 --> 01:49:07,840
change we're going to get until unless

2603
01:49:06,320 --> 01:49:09,920
you guys come back and say, "No, this

2604
01:49:07,840 --> 01:49:11,679
has to be the number." I think a lot of

2605
01:49:09,920 --> 01:49:13,679
what you're seeing in this budget now is

2606
01:49:11,679 --> 01:49:17,360
what is being recommended as needs for

2607
01:49:13,679 --> 01:49:19,280
various department to operate 27.

2608
01:49:17,360 --> 01:49:21,199
» Well, what we're still hanging out, we

2609
01:49:19,280 --> 01:49:21,600
still have 4% in the cola,

2610
01:49:21,199 --> 01:49:24,320
» Correct?

2611
01:49:21,600 --> 01:49:26,080
» That could be three. Maybe it isn't for

2612
01:49:24,320 --> 01:49:28,320
» But but I don't I don't know if that

2613
01:49:26,080 --> 01:49:29,760
I'll that recommendation for me is not

2614
01:49:28,320 --> 01:49:31,600
going to change in the next month. That

2615
01:49:29,760 --> 01:49:34,080
recommendation may change in October or

2616
01:49:31,600 --> 01:49:37,119
November as we get just more data on the

2617
01:49:34,080 --> 01:49:38,960
year end. So I I I would not recommend

2618
01:49:37,119 --> 01:49:41,040
lowering that until we get closer and

2619
01:49:38,960 --> 01:49:42,560
just have more data to work with. I mean

2620
01:49:41,040 --> 01:49:44,000
we could just lower it right now if

2621
01:49:42,560 --> 01:49:46,480
that's what we're looking to do, but I

2622
01:49:44,000 --> 01:49:48,880
I'm trying to line that up a little bit

2623
01:49:46,480 --> 01:49:50,080
not only with um inflation measures but

2624
01:49:48,880 --> 01:49:52,400
what other communities are doing and

2625
01:49:50,080 --> 01:49:54,000
just trying to keep things competitive.

2626
01:49:52,400 --> 01:49:55,760
So, I just want to make sure that if we

2627
01:49:54,000 --> 01:49:56,880
have another meeting, it's a productive

2628
01:49:55,760 --> 01:50:00,000
meeting and we're not just coming

2629
01:49:56,880 --> 01:50:02,320
together to ultimately approve something

2630
01:50:00,000 --> 01:50:05,880
that is very wholly similar to what

2631
01:50:02,320 --> 01:50:05,880
we're looking at tonight.

2632
01:50:06,320 --> 01:50:09,920
» Build a lot of confidence. I was hoping

2633
01:50:08,400 --> 01:50:11,280
that would be less than that.

2634
01:50:09,920 --> 01:50:13,199
» I mean, if if it would have been less

2635
01:50:11,280 --> 01:50:17,119
than that, I think I I we would have

2636
01:50:13,199 --> 01:50:18,880
brought less than that tonight. So,

2637
01:50:17,119 --> 01:50:21,119
like I said, if if it comes out and you

2638
01:50:18,880 --> 01:50:23,760
guys say, "Nope, it's got to be 6%."

2639
01:50:21,119 --> 01:50:25,920
We will make that happen. Um,

2640
01:50:23,760 --> 01:50:27,920
» But again the six percentage system

2641
01:50:25,920 --> 01:50:30,400
» No, no, I know I know but but that that

2642
01:50:27,920 --> 01:50:32,480
that was that was more of a comment on

2643
01:50:30,400 --> 01:50:34,560
like this is this is the budget at this

2644
01:50:32,480 --> 01:50:37,119
point that's becoming recommended by

2645
01:50:34,560 --> 01:50:38,880
each department of how to operate the

2646
01:50:37,119 --> 01:50:41,360
department to maintain the level of

2647
01:50:38,880 --> 01:50:44,159
service as it exists.

2648
01:50:41,360 --> 01:50:45,440
So, and I'm not saying not to have

2649
01:50:44,159 --> 01:50:46,960
another meeting. I just want to make

2650
01:50:45,440 --> 01:50:48,480
sure the meeting's productive when we

2651
01:50:46,960 --> 01:50:51,440
come back together because I know not

2652
01:50:48,480 --> 01:50:53,520
everyone likes to meet all the time,

2653
01:50:51,440 --> 01:50:56,719
especially on nights that aren't already

2654
01:50:53,520 --> 01:50:59,040
council nights.

2655
01:50:56,719 --> 01:51:00,719
» We certainly can. We can.

2656
01:50:59,040 --> 01:51:02,080
» Can we put on the second meeting then

2657
01:51:00,719 --> 01:51:03,280
middle of the month

2658
01:51:02,080 --> 01:51:03,679
» And have a budget meeting before the

2659
01:51:03,280 --> 01:51:05,840
meeting?

2660
01:51:03,679 --> 01:51:07,440
» Well, or just even put it on the agenda

2661
01:51:05,840 --> 01:51:07,920
for the at the end of the meeting or

2662
01:51:07,440 --> 01:51:10,159
whatever.

2663
01:51:07,920 --> 01:51:12,719
» But then we still need a special meeting

2664
01:51:10,159 --> 01:51:14,719
at like sometime after the approve,

2665
01:51:12,719 --> 01:51:17,840
right? Also, I guess to Sean's point, if

2666
01:51:14,719 --> 01:51:20,320
we if we do, we could make it an

2667
01:51:17,840 --> 01:51:21,920
extended agenda item on the second. So,

2668
01:51:20,320 --> 01:51:23,600
it just kind of gets folded into the

2669
01:51:21,920 --> 01:51:26,080
regular meeting basically, and then at

2670
01:51:23,600 --> 01:51:27,760
the end of that discussion, um, we will

2671
01:51:26,080 --> 01:51:30,000
have resolution options and wherever

2672
01:51:27,760 --> 01:51:31,679
that option falls out is we just approve

2673
01:51:30,000 --> 01:51:33,920
the levy at that point. It just becomes

2674
01:51:31,679 --> 01:51:35,760
a and usually it becomes that we're kind

2675
01:51:33,920 --> 01:51:37,199
of know what we're going into it with.

2676
01:51:35,760 --> 01:51:38,960
And so, this will become kind of

2677
01:51:37,199 --> 01:51:41,360
crafting the resolution during the

2678
01:51:38,960 --> 01:51:42,960
discussion that

2679
01:51:41,360 --> 01:51:46,000
» So, I feel like you've already asked

2680
01:51:42,960 --> 01:51:48,480
this, but I will ask.

2681
01:51:46,000 --> 01:51:50,320
Let's say Josh says this, you know, zero

2682
01:51:48,480 --> 01:51:50,880
to did you say 50,000?

2683
01:51:50,320 --> 01:51:54,000
» Yeah.

2684
01:51:50,880 --> 01:51:56,639
» I I'm at Chuck's 6%.

2685
01:51:54,000 --> 01:52:00,400
Is that what you're going to go with?

2686
01:51:56,639 --> 01:52:02,000
» No, we would give you wiggle room

2687
01:52:00,400 --> 01:52:03,679
» Just in case the numbers came higher.

2688
01:52:02,000 --> 01:52:06,000
That was how I envisioned it. We

2689
01:52:03,679 --> 01:52:07,599
» Yeah, we mean setting

2690
01:52:06,000 --> 01:52:09,040
» The preliminary.

2691
01:52:07,599 --> 01:52:11,679
» No, I think we would come up with a

2692
01:52:09,040 --> 01:52:12,719
number that either we stayed 7.5 or we

2693
01:52:11,679 --> 01:52:15,440
say

2694
01:52:12,719 --> 01:52:17,599
So at 7.56, if you were willing to give

2695
01:52:15,440 --> 01:52:20,239
wiggle room,

2696
01:52:17,599 --> 01:52:22,159
» Is it reasonable to go 8%. And really

2697
01:52:20,239 --> 01:52:26,000
for no other reason but Josh's point of

2698
01:52:22,159 --> 01:52:27,840
like having a purposeful additional

2699
01:52:26,000 --> 01:52:30,960
meeting, like what would that additional

2700
01:52:27,840 --> 01:52:33,760
meeting flush out at that time to make

2701
01:52:30,960 --> 01:52:35,360
somebody waiver off of? Now it's Rick's

2702
01:52:33,760 --> 01:52:36,880
8%.

2703
01:52:35,360 --> 01:52:40,480
The only thing I can think of would be

2704
01:52:36,880 --> 01:52:43,520
like, yeah, we we won't give $75,000 to

2705
01:52:40,480 --> 01:52:45,840
the EA this year, you know, and so boom,

2706
01:52:43,520 --> 01:52:48,159
you're at 6% right there, you know, I

2707
01:52:45,840 --> 01:52:50,000
mean, or and then we say, okay, well,

2708
01:52:48,159 --> 01:52:50,800
Robin, we'll set it at seven.

2709
01:52:50,000 --> 01:52:52,480
» Okay,

2710
01:52:50,800 --> 01:52:53,520
» And give you that extra in case the

2711
01:52:52,480 --> 01:52:56,320
insurance maybe you'll have the

2712
01:52:53,520 --> 01:52:59,119
insurance numbers then and put that in.

2713
01:52:56,320 --> 01:53:01,280
This is buying us a little bit more time

2714
01:52:59,119 --> 01:53:03,199
instead of setting it. you know, it's

2715
01:53:01,280 --> 01:53:04,719
it's not that big of a deal, but I just

2716
01:53:03,199 --> 01:53:07,679
think it makes more sense to do it. I

2717
01:53:04,719 --> 01:53:09,599
mean, if we have till the 30th, let's

2718
01:53:07,679 --> 01:53:12,159
much time to give you guys as much time

2719
01:53:09,599 --> 01:53:15,040
as as you possibly can, you know,

2720
01:53:12,159 --> 01:53:15,679
» And to be I say this with all respect.

2721
01:53:15,040 --> 01:53:16,960
» Yeah.

2722
01:53:15,679 --> 01:53:18,880
» Unless there's guidance like you

2723
01:53:16,960 --> 01:53:21,119
bringing up EDA or like let's get our

2724
01:53:18,880 --> 01:53:22,960
insurance numbers, which we know it's

2725
01:53:21,119 --> 01:53:25,599
just usually weight on insurance

2726
01:53:22,960 --> 01:53:28,320
carriers. I wouldn't know what to be

2727
01:53:25,599 --> 01:53:30,639
tasked with to be trying to work on to

2728
01:53:28,320 --> 01:53:32,560
bring different numbers unless like you

2729
01:53:30,639 --> 01:53:34,480
mentioned let's look at ED let's look at

2730
01:53:32,560 --> 01:53:38,400
this. So I just wouldn't want to come to

2731
01:53:34,480 --> 01:53:40,080
that meeting and have people be like so

2732
01:53:38,400 --> 01:53:41,679
what new things do we have if there was

2733
01:53:40,080 --> 01:53:43,040
no new things?

2734
01:53:41,679 --> 01:53:45,599
» Well there could be I [snorts] I just

2735
01:53:43,040 --> 01:53:47,520
thought giving you guys more time you

2736
01:53:45,599 --> 01:53:51,520
know why why said it tonight when it

2737
01:53:47,520 --> 01:53:53,440
doesn't have we got 30 more days.

2738
01:53:51,520 --> 01:53:56,840
You're not a type A brain shot. I get

2739
01:53:53,440 --> 01:53:56,840
it. I am

2740
01:53:56,960 --> 01:54:00,320
» Meaning I'm like we

2741
01:53:58,480 --> 01:54:00,560
» You're right to the last minute on

2742
01:54:00,320 --> 01:54:02,480
everything.

2743
01:54:00,560 --> 01:54:04,880
» I say this playfully that I'm like we

2744
01:54:02,480 --> 01:54:06,960
had it on the schedule. That's why. So

2745
01:54:04,880 --> 01:54:08,880
it's just a joke.

2746
01:54:06,960 --> 01:54:12,639
» I appreciate the additional time in my

2747
01:54:08,880 --> 01:54:14,560
typical brain. But thank you.

2748
01:54:12,639 --> 01:54:17,119
» Not

2749
01:54:14,560 --> 01:54:18,880
concerned about what we pick or when we

2750
01:54:17,119 --> 01:54:21,119
do it.

2751
01:54:18,880 --> 01:54:24,639
I prefer 8%.

2752
01:54:21,119 --> 01:54:29,159
I have the daily g

2753
01:54:24,639 --> 01:54:29,159
myself not excited about doing another

2754
01:54:30,320 --> 01:54:36,880
be.

2755
01:54:32,960 --> 01:54:38,880
But I do want to look at the personnel

2756
01:54:36,880 --> 01:54:41,599
cost. I think last meeting sometime

2757
01:54:38,880 --> 01:54:43,360
previous you said you're you thought you

2758
01:54:41,599 --> 01:54:46,239
had history and you were going to get

2759
01:54:43,360 --> 01:54:50,080
the history overall personal cost of the

2760
01:54:46,239 --> 01:54:52,320
last few years. takes that off that type

2761
01:54:50,080 --> 01:54:54,639
of thing. We're going to have a

2762
01:54:52,320 --> 01:54:56,960
discussion doesn't have to be done by

2763
01:54:54,639 --> 01:54:58,960
next end of next month, anything like

2764
01:54:56,960 --> 01:55:03,080
that. But

2765
01:54:58,960 --> 01:55:03,080
I don't know if we have

2766
01:55:04,560 --> 01:55:08,560
I don't know where we stand as a council

2767
01:55:06,320 --> 01:55:10,080
as far as

2768
01:55:08,560 --> 01:55:13,119
salary

2769
01:55:10,080 --> 01:55:14,880
people are

2770
01:55:13,119 --> 01:55:18,800
different, but I think we need to have

2771
01:55:14,880 --> 01:55:20,320
that fleshed out.

2772
01:55:18,800 --> 01:55:23,599
sometime doesn't have to be done in

2773
01:55:20,320 --> 01:55:27,679
September, but certainly in October,

2774
01:55:23,599 --> 01:55:29,360
but things and understand our history of

2775
01:55:27,679 --> 01:55:31,679
what our health insurance costs have

2776
01:55:29,360 --> 01:55:36,239
been over the last few years and all

2777
01:55:31,679 --> 01:55:39,280
that that includes that 6% as we look at

2778
01:55:36,239 --> 01:55:40,880
the next three years in this projection

2779
01:55:39,280 --> 01:55:45,000
and

2780
01:55:40,880 --> 01:55:45,000
we're looking at that differently.

2781
01:55:47,280 --> 01:55:51,440
All right. So, I'm I'm gonna be honest

2782
01:55:49,040 --> 01:55:53,199
as as the person who has been hired by

2783
01:55:51,440 --> 01:55:56,000
you to bring back what you want to see.

2784
01:55:53,199 --> 01:55:59,760
I have one vote for a special meeting

2785
01:55:56,000 --> 01:56:01,760
and I have one vote for stick it at 8%.

2786
01:55:59,760 --> 01:56:03,760
So, just informally

2787
01:56:01,760 --> 01:56:06,239
looking at everyone

2788
01:56:03,760 --> 01:56:07,760
as to what you would like me to do.

2789
01:56:06,239 --> 01:56:09,199
» Keep it at 8%.

2790
01:56:07,760 --> 01:56:11,440
» Oh, that's fine. You guys can make that

2791
01:56:09,199 --> 01:56:13,599
motion. I'll just vote no. And

2792
01:56:11,440 --> 01:56:15,360
» Pass four to one. I should hold back my

2793
01:56:13,599 --> 01:56:17,040
special meeting thing. If we have a

2794
01:56:15,360 --> 01:56:19,040
special meeting that's that we're

2795
01:56:17,040 --> 01:56:22,000
actually talking about personnel issues

2796
01:56:19,040 --> 01:56:23,360
and currents and all that

2797
01:56:22,000 --> 01:56:26,480
» And it's got some meat on the bone that

2798
01:56:23,360 --> 01:56:28,719
we're chew on, but just to argue about

2799
01:56:26,480 --> 01:56:29,440
seven and a half% or 8%. I don't know

2800
01:56:28,719 --> 01:56:31,840
that we need

2801
01:56:29,440 --> 01:56:33,840
» No and I'll be 100% honest to Sean's

2802
01:56:31,840 --> 01:56:35,599
point like it does sound like we are

2803
01:56:33,840 --> 01:56:37,040
basically at a at the point where we're

2804
01:56:35,599 --> 01:56:39,440
going to start pulling that together the

2805
01:56:37,040 --> 01:56:41,119
health insurance information. um we

2806
01:56:39,440 --> 01:56:43,599
don't usually have a ton of time once we

2807
01:56:41,119 --> 01:56:45,760
get that anyway. So even if we sent the

2808
01:56:43,599 --> 01:56:47,440
preliminary at the beginning, we may be

2809
01:56:45,760 --> 01:56:50,239
talking health insurance or whatnot

2810
01:56:47,440 --> 01:56:51,679
anyway. Um at that second meeting,

2811
01:56:50,239 --> 01:56:53,840
» Yeah anyway,

2812
01:56:51,679 --> 01:56:56,639
» Just put an agenda item that we're going

2813
01:56:53,840 --> 01:56:57,840
to approve the preliminary levy. That'll

2814
01:56:56,639 --> 01:56:58,639
be interesting.

2815
01:56:57,840 --> 01:57:02,639
» That's clear.

2816
01:56:58,639 --> 01:57:03,760
» And if we say it's 8% or 756 or 9%,

2817
01:57:02,639 --> 01:57:05,840
that's what we're going to do. We're not

2818
01:57:03,760 --> 01:57:07,280
going to have a budget meeting, but

2819
01:57:05,840 --> 01:57:10,320
we'll have another budget meeting in

2820
01:57:07,280 --> 01:57:12,320
October to finetune

2821
01:57:10,320 --> 01:57:14,480
some of those questions everyone has.

2822
01:57:12,320 --> 01:57:17,760
» Right. And also somewhere in there, we

2823
01:57:14,480 --> 01:57:21,920
have the this financial projection.

2824
01:57:17,760 --> 01:57:24,320
Are we asking it for be changed over

2825
01:57:21,920 --> 01:57:25,920
with it? Are we going to adopt it as is?

2826
01:57:24,320 --> 01:57:28,960
And then we need to do that. And then

2827
01:57:25,920 --> 01:57:31,520
what does that mean if we adopt it?

2828
01:57:28,960 --> 01:57:33,199
» We have to approve it. So,

2829
01:57:31,520 --> 01:57:33,760
» If you have any questions regarding

2830
01:57:33,199 --> 01:57:36,400
that,

2831
01:57:33,760 --> 01:57:38,480
» I see questions, comments, changes,

2832
01:57:36,400 --> 01:57:40,000
maybe a small change of, hey, if we

2833
01:57:38,480 --> 01:57:41,360
tweak this, what does it look like?

2834
01:57:40,000 --> 01:57:42,960
Like, that that's a good question

2835
01:57:41,360 --> 01:57:45,760
because that's one I can certainly pass

2836
01:57:42,960 --> 01:57:47,440
on to Abdo and they can throw it in

2837
01:57:45,760 --> 01:57:49,599
their model and spit it back out at us.

2838
01:57:47,440 --> 01:57:52,826
» There's some big changes as far as

2839
01:57:49,599 --> 01:57:52,826
moving money around. [snorts]

2840
01:57:57,599 --> 01:58:01,520
» Okay. So, as of right now, it sounds

2841
01:57:59,360 --> 01:58:03,199
like you're putting it on the second

2842
01:58:01,520 --> 01:58:04,080
meeting

2843
01:58:03,199 --> 01:58:06,159
» As an agenda

2844
01:58:04,080 --> 01:58:07,840
» As an agenda item. We may have a small

2845
01:58:06,159 --> 01:58:09,840
discussion if we were able to find

2846
01:58:07,840 --> 01:58:11,199
something, but otherwise,

2847
01:58:09,840 --> 01:58:12,159
» We're going to we're going to float this

2848
01:58:11,199 --> 01:58:13,840
range.

2849
01:58:12,159 --> 01:58:15,520
» Um,

2850
01:58:13,840 --> 01:58:16,880
and like I said, I think even by that

2851
01:58:15,520 --> 01:58:18,719
point, we'll have health insurance stuff

2852
01:58:16,880 --> 01:58:20,880
that we want to discuss that at the

2853
01:58:18,719 --> 01:58:23,599
meeting, too. Approve that.

2854
01:58:20,880 --> 01:58:25,119
» We will be bringing um we'll have some

2855
01:58:23,599 --> 01:58:27,599
more organized information. Like I said,

2856
01:58:25,119 --> 01:58:29,360
we just got it at the end of the week.

2857
01:58:27,599 --> 01:58:31,119
But if we had any plan changes, which

2858
01:58:29,360 --> 01:58:32,719
I'm not forecasting that we would, we

2859
01:58:31,119 --> 01:58:34,480
have to have that approved by October

2860
01:58:32,719 --> 01:58:36,080
12th. I don't know, Sean, I feel like

2861
01:58:34,480 --> 01:58:38,159
that was in the past something that we

2862
01:58:36,080 --> 01:58:40,000
all were like, including yourself, like

2863
01:58:38,159 --> 01:58:41,599
that wasn't a lot of time. And that's

2864
01:58:40,000 --> 01:58:42,080
where we're at again this year.

2865
01:58:41,599 --> 01:58:44,960
» Okay.

2866
01:58:42,080 --> 01:58:46,639
» Getting those might be the nature.

2867
01:58:44,960 --> 01:58:48,719
» Yeah. But just so you guys aren't caught

2868
01:58:46,639 --> 01:58:50,480
off guard in October or at the end of

2869
01:58:48,719 --> 01:58:54,000
September when it's a quick turnaround

2870
01:58:50,480 --> 01:58:57,199
for a couple weeks. Oh, of note, um,

2871
01:58:54,000 --> 01:59:00,719
just as a general housekeeping item,

2872
01:58:57,199 --> 01:59:02,800
if you guys have availability, maybe 20

2873
01:59:00,719 --> 01:59:06,080
minutes, I think that's probably enough

2874
01:59:02,800 --> 01:59:08,400
before the 8th meeting on that Tuesday.

2875
01:59:06,080 --> 01:59:11,280
Um, just as kind of an update with union

2876
01:59:08,400 --> 01:59:14,400
negotiations. Um,

2877
01:59:11,280 --> 01:59:18,840
scheduled it special for 5:40, I guess,

2878
01:59:14,400 --> 01:59:18,840
on that day. Quick update on

2879
01:59:25,199 --> 01:59:31,440
And then since I had the levy levy

2880
01:59:28,000 --> 01:59:34,159
budget calendar up, um we were

2881
01:59:31,440 --> 01:59:36,639
anticipating, again, just reminders for

2882
01:59:34,159 --> 01:59:39,119
everybody that's busy,

2883
01:59:36,639 --> 01:59:41,599
planning on a budget approval at that

2884
01:59:39,119 --> 01:59:46,000
first meeting in December, which would

2885
01:59:41,599 --> 01:59:48,080
be December 7 or December 7th, because

2886
01:59:46,000 --> 01:59:49,840
there was the potential that you would

2887
01:59:48,080 --> 01:59:52,320
look to not have a meeting that week of

2888
01:59:49,840 --> 01:59:54,560
Christmas, December 21st.

2889
01:59:52,320 --> 01:59:57,840
So that' be final levy and budget

2890
01:59:54,560 --> 02:00:00,480
approval on December 7th.

2891
01:59:57,840 --> 02:00:01,040
» But that can that be tax truth and

2892
02:00:00,480 --> 02:00:02,159
taxation.

2893
02:00:01,040 --> 02:00:03,520
» Truth and taxation.

2894
02:00:02,159 --> 02:00:05,360
» Yep. Yeah. Different different

2895
02:00:03,520 --> 02:00:07,679
communities do that differently. Some

2896
02:00:05,360 --> 02:00:09,360
» Some communities approve their budget on

2897
02:00:07,679 --> 02:00:11,360
the night of the truth and taxation if

2898
02:00:09,360 --> 02:00:13,679
there's no changes that they see making.

2899
02:00:11,360 --> 02:00:15,520
Um other communities come back at the

2900
02:00:13,679 --> 02:00:17,119
next meeting and change it.

2901
02:00:15,520 --> 02:00:18,800
» I know this year the second meeting is

2902
02:00:17,119 --> 02:00:22,560
landing about as close to Christmas as

2903
02:00:18,800 --> 02:00:22,560
it can get and so

2904
02:00:23,360 --> 02:00:27,040
um seventh December 7th.

2905
02:00:26,639 --> 02:00:29,599
» Yes,

2906
02:00:27,040 --> 02:00:30,639
» We would look to cancel the 21st meeting

2907
02:00:29,599 --> 02:00:33,360
potentially.

2908
02:00:30,639 --> 02:00:34,880
» Yeah. So I know I know when we've had

2909
02:00:33,360 --> 02:00:36,719
» Just due to the proximity and I'm saying

2910
02:00:34,880 --> 02:00:38,560
we would but I know other times when

2911
02:00:36,719 --> 02:00:40,719
we've had meetings land very close to

2912
02:00:38,560 --> 02:00:42,560
holidays. Was it last year we had

2913
02:00:40,719 --> 02:00:44,320
canceled a meeting that was like a day

2914
02:00:42,560 --> 02:00:47,199
from the like on July 3rd or something

2915
02:00:44,320 --> 02:00:50,239
like that. um just because because it

2916
02:00:47,199 --> 02:00:51,679
interfered with the fourth and so um we

2917
02:00:50,239 --> 02:00:53,520
didn't have any business necessarily

2918
02:00:51,679 --> 02:00:54,880
that we need to transact. So yeah, that

2919
02:00:53,520 --> 02:00:56,800
wasn't a saying that we're going to.

2920
02:00:54,880 --> 02:00:58,400
That is saying that we're the schedule's

2921
02:00:56,800 --> 02:00:59,760
built around the possibility if we say

2922
02:00:58,400 --> 02:01:01,199
there's no business that needs to be

2923
02:00:59,760 --> 02:01:02,560
transacted and we need to have this

2924
02:01:01,199 --> 02:01:05,599
meeting.

2925
02:01:02,560 --> 02:01:07,040
» I u on the 7th I might have might be a

2926
02:01:05,599 --> 02:01:09,280
meeting that I was going to miss because

2927
02:01:07,040 --> 02:01:13,360
I I have [clears throat] a wedding out

2928
02:01:09,280 --> 02:01:14,320
of state um but we don't get back in

2929
02:01:13,360 --> 02:01:16,478
until 5:49.

2930
02:01:14,320 --> 02:01:18,498
» Tell her if she wants to move in state

2931
02:01:16,478 --> 02:01:18,498
[clears throat]

2932
02:01:20,159 --> 02:01:26,480
hall. It's a church.

2933
02:01:23,920 --> 02:01:30,560
All right. Any other questions? We all

2934
02:01:26,480 --> 02:01:32,480
have an understanding what's going on.

2935
02:01:30,560 --> 02:01:34,159
» Absolutely not. But we'll make it.

2936
02:01:32,480 --> 02:01:34,960
» Oh, yeah. 5:40. Does that work for you

2937
02:01:34,159 --> 02:01:36,239
guys?

2938
02:01:34,960 --> 02:01:37,119
» Or no, the 8th.

2939
02:01:36,239 --> 02:01:38,159
» The 8th. Yes.

2940
02:01:37,119 --> 02:01:40,800
» Yes.

2941
02:01:38,159 --> 02:01:41,440
» Okay. You all understand?

2942
02:01:40,800 --> 02:01:43,280
» Yes.

2943
02:01:41,440 --> 02:01:43,840
» I'll make a motion to adjurnn.

2944
02:01:43,280 --> 02:01:47,280
» Second.

2945
02:01:43,840 --> 02:01:51,960
» Second by Sean. All in favor say I. I.

2946
02:01:47,280 --> 02:01:51,960
» Any opposition? Thank you, everyone.

2947
02:01:53,199 --> 02:01:57,144
I'm gonna go over to Tim's house and

2948
02:01:54,560 --> 02:01:57,144
breathe. [laughter]