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I FC# '~ <br /> <br />REVIEW AND ADOPT "PROPOSED"2003 GENERAL FUND BUDGET <br /> By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />The 2003 Proposed General Fund Budget, as it has been presented, is based on the collection of <br />tax dollars at a level that has an imposed levy limit for 2003 payable. <br /> <br />The budget as presented includes $526,194 of capital outlay items. About forty-five percent of <br />these capital items will be funded from the Equipment Revolving Fund and a grant received from <br />the Federal Emergency Management Agency. <br /> <br />In total, Public Safety [police, fire, inspections, civil defense] is now 38.49% of the budget. <br />General Government [administration, finance, elections, planning and legal] is~27.01% of'the <br />budget. Public Works and Parks represent 23.08% and miscellaneous and transfers make-up the <br />balance. <br /> <br />The 2003 "Proposed" General Fund Budget must be adopted by September 16, 2002 and <br />submitted to the County Auditor along with the certified property tax levy. Therefore, the 2003 <br />Proposed Levy and "Proposed" General Fund Budget are presented for adoption at tonights <br />Council meeting. <br /> <br />Staff Recommendation: <br /> <br />Staff recommends adoption of the 2003 "Proposed" General Fund Budget as presented utilizing <br />the proposed tax levy. <br /> <br />Committee Action: <br /> <br />Motion to recommend City Council adoption of Resolution #02-09.-XXX Resolution Adopting <br />the "Proposed" 2003 General Fund Budget. <br /> <br />Reviewed By: <br />City Administrator <br />Finance Officer <br /> <br />FC: 9/11/02 <br /> <br />-357- <br /> <br /> <br />