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• CC # ~. OJ~ <br />REVIEW AND ADOPT "PROPOSED" 2011 GENERAL FUND BUDGET <br />By: Diana Lund, Finance Director <br />Background: <br />The 2011 Proposed General Fund Budget, is strictly a "Proposed" budget and will be amended in <br />the following months before final adoption in December, 2010. The budget as presented <br />represents a balanced budget of $9,449,400, or a $248,641 or 2.6% decrease over the adopted <br />2010 General Fund Budget of $9,698,041. <br />The revenue sources are made up of: 74.5% taxes; 4.6% permits; 3.2% intergovernmental; 8.7% <br />charges for services; 2.5% fines/interest earnings; and 6.5% transfer from other funds. <br />In total, Public Safety [police, fire, inspections, civil defense] is now 43.8% of the budget. <br />General Government [administration, finance, elections, planning and legal] is 24.6% of the <br />budget. Public Works and Pazlcs represent 28.5% and miscellaneous and transfers make-up 3.1% <br />of the budget. <br />The 2011 "Proposed" General Fund Budget must be adopted by September 15, 2010 and <br />• submitted to the County Auditor along with the certified property tax levy. Therefore, the 2011 <br />Proposed Levy and "Proposed" General Fund Budget are presented for adoption at tonights <br />Council meeting. <br />Funding Source: <br />• Finance Director <br />CC: 9/7/10 <br />None Required. <br />Staff Recommendation: <br />Staff recommends adoption of the 2011 "Proposed" General Fund Budget as presented utilizing <br />the proposed tax levy. <br />Council Action: <br />Motion to recommend City Council adoptio of Resolution <br />the "Proposed" 2011 General Fund Bud <br />Reviewed By: <br />City Administrator: <br />#10-09-XXX Resolution Adopting <br />