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<br />cc# \0 <br /> <br />REVIEW AND ADOPT "PROPOSED" 2010 GENERAL FUND BUDGET <br />By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />The 2010 Proposed General Fund Budget, is strictly a "Proposed" budget and will be amended in <br />the following months before final adoption in December, 2009. The budget as presented <br />represents a balanced budget of$9,698,041, or a $404,089 or 4% decrease over the adopted 2009 <br />General Fund Budget of $10, 102,130. <br /> <br />The revenue sources are made up of: 72.5% taxes; 4.1 % pennits; 3% intergovernmental; 7.2% <br />charges for services; 3.2% fines/interest earnings; and 10% transfer from other funds. <br /> <br />In total, Public Safety [police, fire, inspections, civil defense] is now 42.68% of the budget. <br />General Government [administration, finance, elections, planning and legal] is 26.2% of the <br />budget. Public Works and Parks represent 28.0% and miscellaneous and transfers make-up the <br />balance. <br /> <br />The 2010 "Proposed" General Fund Budget must be adopted by September 15, 2009 and <br />submitted to the County Auditor along with the certified property tax levy. Therefore, the 2010 <br />Proposed Levy and "Proposed" General Fund Budget are presented for adoption at tonights <br />Council meeting. <br /> <br />Funding Source: <br /> <br />None Required. <br /> <br />Staff Recommendation: <br /> <br />Staff recommends adoption of the 2010 "Proposed" General Fund Budget as presented utilizing <br />the proposed tax levy. <br /> <br />Council Action: <br /> <br />Motion to recommend City Council adoption of Resolution #09-09-XXX Resolution Adopting <br />the "Proposed" 2010 General Fund Budget. <br /> <br />Reviewed By: ~ ~cO <br />City Administrator: ~ \:::::::> \. <br />Finance Officer <br />CC: 9/8/09 <br />