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CASE # 5 <br />REVIEW AND ADOPT 2009 TAX LEVY AND GENERAL FUND BUDGET <br />By: Diana Lund, Finance Officer <br />Background: <br />The 2009 Proposed General Fund Budget, as it has .been presented and reviewed in the past several <br />months, is based on the collection of tax dollars and results in an estimated 39.257 tax capacityrate. <br />This budget was balanced through staff recommended adjustments and resulted in a total proposed <br />- budget of $10,102,130. <br />The .budget as presented includes $163,850 of capital outlay items .which will be funded by the <br />Equipment Revolving Fund and a council contingency of $107,783. <br />In total, Public Safety [police, fire, inspections, civil- defense] is now 43.76% of the budget. General <br />.Government [administration, finance, elections, planning and legal] is 26.93% of the budget. Public <br />Works and Parks represent 27.87% and miscellaneous and transfers make-up the balance. <br />State Statutes require that the 2009 Levy and General Fund Budgets must be adopted at a meeting <br />before December 29, 2008. Therefore, the. 2009 Proposed Levy and General Fund Budget are <br />presented for adoption at tonights Council meeting. <br />Funding Source: <br />None Required. <br />Council Action: <br />Motion to recommend. City Council adoption of Resolution #08-12-XXX Resolution Adopting the <br />2008, Payable 2009 Municipal Tax Levy <br />- and - <br />Motion to recommend City Council adoption of Resolution #08-12-XXX Resolution Adopting the <br />2009 City of Ramsey General Fund Operating Budget. _ <br />Reviewed By: <br />City Administrator: <br />Finance Officer <br />FC: 12/9/08 <br />-205- <br />