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CASE <br /> <br />PUBLIC HEARING AND REVIEW AND ADOPT 2002 TAX LEVY AND GENERAL <br />FUND BUDGET <br /> By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />The 2002 Proposed General Fund Budget, as it has been presented and reviewed in the past <br />several months, is based on the collection of tax dollars and results in an estimated 41.411 tax <br />capacity rate. <br /> <br />This budget was balanced through staff recommended adjustments and resulted in a total <br />contingency in the amount of $107,494. <br /> <br />The budget also includes an increase in the staffing complement by one full-time Associate <br />Planner, one full-tilne Engineering Tech IV, and increasing the positions of Mechanic and <br />Community Service Officer from part-time to full-time status. <br /> <br />The budget as presented includes $1,028,582 of capital outlay items (purchase cost and one'year <br />depreciation) of which $1,001,042 will be funded by the Equipment Revolving Fund. The <br />balance of $27,540 will be funded through the property tax levy and general fund revenues. The <br />majority of the increase in capital outlay is attributed to the purchase of an aerial ladder fire truck <br />($630,000). <br /> <br />In total, Public Safety [police, fire, inspections, civil defense] is now 42.80% of the budget. <br />General Government [administration, finance, elections, planning and legal] is 25.11% of the <br />budget. Public Works and Parks represent 23.92% and miscellaneous and transfers make-up the <br />balance. This budget assumes that the PIR Fund will be providing for the street maintenance <br />sealcoating program for 2002, in the same manner as had been provided in 2001. <br /> <br />State Statutes require that the 2002 Levy and General Fund Budgets must be adopted at a <br />meeting before December 28, 2001. Therefore, the 2002 Proposed Levy and General Fund <br />Budget are presented for adoption at tonights Council meeting. <br /> <br />Motion to recommend City Council adoption of Resolution #01-11-XXX Resolution Adopting <br />the 2001, Payable 2002 Municipal Tax Levy <br /> <br />- and- {¢ <br /> <br />Motion to recommend City Council adoption of Resolutio - -XXX Resolution Adopting <br />the 2002 City of Ramsey General Fund Operating Budget. <br /> <br />-105- <br /> <br /> <br />