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2001-06-27 MOUND CITY COUNCIL MINUTES SPECIAL MEETING OF JUNE 27, 2001 The City Council of the City of Mound, Hennepin County, Minnesota, met in special session on Wednesday, June 27, 2001, at 6:00 p.m. in the council chambers of said City. Members Present: Mayor Pat Meisel, Councilmembers Bob Brown and Kim Anderson. Members Absent: Councilmembers Mark Hanus and Peter Meyer. Others Present: City Manager, Kandis Hanson; Acting City Clerk, Bonnie Ritter; City Finance Director, Gino Businaro. The meeting was called to order at 6:18 p.m. by Mayor Meisel. STAFF DIRECTION FOR 2002 BUDGET Finance Director, Gino Businaro, asked the Council for direction regarding guidelines for the preparation of the 2002 budget. After discussion, it was the consensus to inform Department Heads to use an 8% increase as a guideline when preparing their 2002 budgets. Businaro also asked what figure the Council was looking for as far as fund balance as a percentage of expenditures, and 30%-35% was the consensus. ADJOURNMENT The meeting was adjourned at 7:05 p.m. Attest: Acting City Clerk Mayor Pat Meisel