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<br />.-2. <br /> <br />CITY COUNCIL WORK SESSION <br />Topic Report: 2010 General Fund Budget <br />By: Diana Lund, Finance Officer <br /> <br /> <br />Background: <br /> <br />In March, staff presented Council 2009 budget reductions and possible 2010 budget <br />reductions to offset the loss in Market Value Homestead Credit and reduction in tax <br />capacity value. Official tax capacity values from the County will not be available until <br />June or July as the County doesnot want to send out any information until the legislative <br />session has ended. <br /> <br />May has traditionally been when department heads have submitted budget requests for <br />their respective departments. Requests would include operating expenses, capital and <br />personnel. This budget would be considered the all-inclusive and then cuts, as necessary, <br />would be deducted. <br /> <br />Staff is looking for direction from council in what they would like staff to present as the <br />first budget.go around. Council was presented with possible 2010 budget cuts, based off <br />of the 2009 adopted budget, but at this point, there is not a starting 2010 requested <br />budget. <br /> <br />Action Statement: <br /> <br />Confirm Directionfor Preparation of2010 General Fund Budget. <br /> <br />Reviewed By: ~ Q <br />City Administrator: ~ <br />Finance Officer (., <br /> <br />CCWS: 5/4/09 <br />