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CC Work Session Item #: 2. c. <br />Date: 11/30/2010 <br />By: Diana Lund <br />Finance <br />Information <br />Title: <br />2011 General Fund Budget and Levy <br />Background: <br />A preliminary levy and budget was adopted at the City Council meeting of September 14, 2010. The total proposed <br />levy was $8,128,609 which included the General Fund levy, Debt Service levy, and EDA Levy. The proposed <br />General Fund budget was $9,449,400. The proposed tax capacity rate was 39.998 %. <br />All proposed levies were submitted to the County and they have estimated the city's 2011 tax capacity rate at <br />39.808 %. <br />The city is not required to hold a truth and taxation meeting this year, but is required to talk about the budget and <br />levy at a public meeting. The public meeting is scheduled as part of the regular city council meeting of December <br />14, 2010. The budget document that will be presented at this meeting is attached. <br />Council Action: <br />Discussion of 2011 Levy and budget including to determine final budget and levy numbers for December 14 <br />meeting and adoption. <br />Attachments <br />2011 Levy & General Fund Budget <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Jo Thieling 11/24/2010 12:13'PM <br />Form Started By: Diana Lund Started On 11/24/2010 10:15 AM <br />Final Approval Date: 11/24/2010 <br />