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FC# 3 REVIEW AND ADOPT "PROPOSED" 2009 GENERAL FUND BUDGET By: Diana Lund, Finance Officer Background: The 2009 Proposed General Fund Budget, is strictly a "Proposed" budget and will be amended in the following months before final adoption in December, 2008. The budget as presented represents a balanced budget of $10,137,130, or a $87,894 increase over the adopted 2008 General Fund Budget. The 2009 proposed budget estimates that 225 housing units will be built in the City during 2009. The proposed construction estimate was used to calculate building permits, plan check fees, plumbing permits, heating permits and sewer and water permits in the budget. Thus, these figures are very sensitive to the 2009 building economy. . The budget as presented includes $163,850 of capital outlay items. These capital items will be funded from the Equipment Revolving Fund. In total, Public Safety [police, fire, inspections, civil defense] is now 43.9% of the budget. General Government [administration, finance, elections, planning and legal] is 27.2% of the budget. Public Works and Parks represent 27.7% and miscellaneous and transfers make-up the balance. The 2009 "Proposed" General Fund Budget must be adopted by September 15, 2008 and submitted to the County Auditor along with the certified property tax levy. Therefore, the 2009 Proposed Levy and "Proposed" General Fund Budget are presented for adoption at tonights Council meeting. Funding Source: None Required. Staff Recommendation: Staff recommends adoption of the 2009 "Proposed" General Fund Budget as presented utilizing the proposed tax levy. . Committee Action: