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<br />CASE # ~ <br /> <br />REVIEW AND ADOPT 2010 TAX LEVY AND GENERAL FUND BUDGET <br />By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />The 2010 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 37.686% tax capacity rate. <br /> <br />This budget was balanced through staff recommended adjustments and resulted in a total proposed <br />budget of $9,698,041. <br /> <br />The budget as presented includes $224,850 of capital outlay.items which will be funded by the <br />Equipment Revolving Fund and acouncil contingency of $68,002. <br /> <br />In total, Public Safety [police, fire, inspections, civil defense] is now 42.40% of the budget. General <br />Government [administration, finance, elections, planning and legal] is 26.30% of the budget. Public <br />Works and Parks represent 27.99% and miscellaneous and transfers make-up the balance. <br /> <br />State Statutes require that the 20 I 0 Levy and General Fund Budgets must be adopted at a meeting <br />before December 28, 2009. Therefore, the 2010 Proposed Levy and General Fund Budget are <br />presented for adoption at tonights Council meeting. <br /> <br />Funding Source: <br /> <br />None Required. <br /> <br />Council Action: <br /> <br />Motion to recommend City Council adoption of Resolution #09-12-XXX Resolution Adopting the <br />2009, Payable 2010 Municipal Tax Levy <br />- and - <br />Motion to recommend City Council adoption of Resolution #09-12-XXX Resolution Adopting the <br />2010 City of Ramsey General Fund Operating Budget. <br /> <br />Reviewed By: g/ <br />City Administrator: ~ ~ <br />Finance Officer <br /> <br />~O <br /> <br />cc: 12/8/09 <br />