Andy Grice of consulting firm BerganKDV attended the June 18 meeting of the Wyoming City Council to give a presentation on the city’s 2018 audit.
While the city’s total revenues decreased 2017 (approximately $4.41 million) to 2018 ($4.1 million), revenues were higher than budgeted. Grice said the 2018 revenues were higher than expected due primarily to property taxes, intergovernmental revenues and buildings permits.
There was also good news on expenses. The city budgeted for $3.7 million in 2018 and came in $49,000 under budget.
The sewer and water funds “are operating very well at this point,” Grice said. He added that both had an operating loss based on depreciation, but cash flow was positive.
“The city is working very hard to have a self-sufficient fund and save towards the future,” he said.
At the end of the presentation Linda Nanko-Yeager congratulated City Administrator Robb Linwood.
“I am really impressed with how you kept to the budget,” she said. Mayor Lisa Iverson echoed her remarks. Linwood credited the hard work of city staff.
“[They were] very well prepared for the audit weeks ahead of time, ... something we don’t often see,” Grice noted.
Chisago County Engineer Joe Triplett approached the city of Wyoming requesting a letter from the City Council and Economic Development Authority in support of the county’s application for a BUILD grant for an expansion of U.S. Highway 8.
Iverson said the project is very important for the city. The project’s first phase will look at different ways to improve safety and mobility on the highway, possibly including converting the road to a four-lane divided highway. There will be several community engagement events this summer throughout the affected areas of the county.
The council also approved a policy defining its policies on tax increment financing, which allows a portion of a development’s property taxes to be captured for use on the infrastructure costs of the development. The EDA started working on this policy toward the end of last year.
“This is a very complicated matter,” Iverson said. “EDA spent a lot of time researching this, and we actually had council on this.”
“For the most part it is consistent with other similar policies,” Linwood said.
The policy was unanimously approved.
Public Works employee
The city hired Ryan Stenson as the second full-time public works seasonal employee at $13 an hour. Stenson is home from college and has experience working in lawn maintenance and enjoys working outside.