HomeMy WebLinkAbout08 15 2022 Environmental ScanENVIRONMENTAL SCAN
City Council Work Session
August 15, 2022
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Timeline
2
Kick Off Meeting
Department Heads
April 7
City Council
Phone Interviews
May
Community
Survey
June
Focus Groups
Internal Survey
Environmental Scan
July
City Council
Work Session
August 15
City Council
Retreat
August 24
Management Team
Retreat
September 27
Final Report
December
2
Demographic Information
Data Source: Met Council Community Profiles 2020
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What perception does this data give about our community?
3
Geographic Area
4
4
External Overview: GROWTH
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39%
42%
What is the impact of growth on City services?
5
Service Demand
Increase from 2018 - 2021
6
33%
44%
122%
34%
What is the impact of more people on City roads, parks, and infrastructure?
6
Internal Overview
7
7
Personnel Trends
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Financial Overview
GOAL: Minimize variation in tax levy and debt reduction
Long-range financial planning
Five-year personnel plan
Property tax model - inflation and community growth
Franchise fees for pavement management
Updated utility rate model
Refunded debt - interest savings of $796,350
Federal grant funds to offset major planned expenditures
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9
Financial Trends
Increased property valuations - 18.4%
Growth in tax base - $83 million added in estimated market value 2023
General Fund balance - reserve balance between 40%-50% for 2023-2027
Personnel costs – wages and benefits in tight job market
Tax rate - lowest tax rate in Scott County
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10
Future Challenges
Full-time Fire Department
Parks and trails maintenance
Infrastructure replacement beyond 2027
Technology
Maintenance Center renovation
Annexation planning and related infrastructure costs
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11
Discussion
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