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Hastings, Minnesota <br />City Council Special Meeting <br />Monday, August 31, 2009 <br />The City Council of the City of Hastings, Minnesota met in a special meeting on <br />Monday, August 31, 2009 at 7:00 PM in the Community Room at the Hastings City Hall, 101 <br />East 4~' Street, Hastings, Minnesota. <br />Members Present: Mayor Hicks, City Councilmembers Alongi, Hollenbeck, Slavik, Balsanek, <br />Nelson, Elling Schultz. <br />Staff Present: City Administrator Dave Osberg <br />Finance Director Char Stark <br />Assistant Finance Director Julie Flaten <br />Assistant City Administrator Melanie Mesko Lee <br />2010 Preliminary Budget Presentation <br />Finance Director Stark presented information about the 2010 budget planning process to <br />date. She noted that staff has met with the Finance Committee of the Council numerous times <br />over the last few months, most recently on August 26. She provided an overview of the <br />preliminary 2010 budget recommended by the Finance Committee and noted that this item will be <br />on the September 8 City Council meeting. Preliminary budget must be adopted by September 15. <br />Final budget will be adopted in December. <br />There was discussion about the reductions proposed, ERF requests, getting into <br />compliance with the City's general fund balance policy. The Finance committee and staff were <br />commended on their work to date. <br />2°d Quarter Financial Report and Update on General Fund <br />Stark provided a brief update on the most recent fmancial information. There was some <br />discussion about diversity in investments. <br />Adjournment <br />Moved by Councilmember Alongi, seconded by Councihnember Slavik to adjourn the <br />meeting at 7:50 p.m. <br />7 Ayes; Na s none. <br />I <br />Paul J. Hick Melanie Mesko Lee <br />Mayor City Clerk <br />