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CC Regular Session <br />Date: 12/14/2010 <br />By: Diana Lund <br />Finance <br />Title: <br />Review and Adopt 2010 Tax Levy and General Fund Budget <br />Background: <br />The 2011 Proposed General Fund Budget, as it has been presented and reviewed in the past several months, is <br />based on the collection of tax dollars and results in an estimated 39.808% tax capacity rate. <br />This budget was balanced through staff recommended adjustments and resulted in a total proposed budget of <br />$9,449,400. <br />The budget as presented includes $142,600 of capital outlay items which will be funded by the Equipment <br />Revolving Fund and a council contingency of $33,898. <br />In total, Public Safety [police, fire, inspections, civil defense] is now 43.84% of the budget. General Government <br />[administration, finance, elections, planning and legal] is 24.57% of the budget. Public Works and Parks represent <br />28.51% and miscellaneous and transfers make -up the balance. <br />State Statutes require that the 2011 Levy and General Fund Budgets must be adopted at a meeting before December <br />28, 2010. Therefore, the 2011 Proposed Levy and General Fund Budget are presented for adoption at tonights <br />Council meeting. <br />Funding Source: <br />None Required. <br />Council Action: <br />Motion to recommend City Council adoption of Resolution #10-12-XXX Resolution Adopting the 2010, Payable <br />2011 Municipal Tax Levy <br />- and - <br />2011 Property Tax Levy <br />2011 General Fund Budget <br />Inbox <br />Kurt Ulrich <br />Information <br />Item #: 5. 1. <br />Motion to recommend City Council adoption of Resolution #10-12-XXX Resolution Adopting the 2011 City of <br />Ramsey General Fund Operating Budget. <br />Attachments <br />Form Review <br />Reviewed By Date <br />Kurt Ulrich 12/09/2010 01:38 PM <br />