Memo - 2005 Budgets - Continued Disscussion
CITY OF HOPKINS
. MEMORANDUM
Date: October 22, 2004
To: Mayor & City Council
From: Christine Harkess, Finance Director
Re: 2005 Budgets - continued discussion
At the October 12th council work session we discussed the special revenue and enterprise fund
budgets. As a result of that work session we are looking at rate increases for water, refuse and
parking. There were also questions regarding a few other budgets.
I am still in the process of researching information, preparing workpapers and updating the budgets
to answer all questions raised at that work session and will have handouts for Tuesday's meeting.
The items that will be addressed at the October 26th work session are:
. Water rate increase and its impact on the budget
. Refuse rate increase and its impact on the budget
. Parking ramp rate increase, level of enforcement and the impacts on the budget
. Economic Development Budget - questions regarding salary expenses were raised
. Equipment Replacement Fund Budget
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