Agenda - Council - 09/13/2011 - Laserfiche WebLink

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CC Regular Session 7. 3. Meeting Date: 09/13/2011 By: Diana Lund, Finance Title: Review and Adopt Proposed 2012 General Fund Budget Background: The 2012 Proposed General Fund Budget, is strictly a "Proposed" budget and will be amended in the following months before final adoption in December, 2011. The budget as presented represents a balanced budget of $9,689,991, or a $240,591 or 2.5% increase over the adopted 2011 General Fund Budget of $9,449,400. The revenue sources are made up of: 73.5% taxes; 4.5% permits; 3.2% intergovernmental; 5.7% charges for services; 2.2% fines/interest earnings; and 10.9% transfer from other funds. In total, Public Safety [police, fire, inspections, civil defense] is now 45.2% of the budget. General Government [administration, finance, elections, planning and legal] is 24.0% of the budget. Public Works and Parks represent 28.3% and miscellaneous and transfers make-up 2.5% of the budget. The 2012 "Proposed" General Fund Budget must be adopted by September 15, 2011 and submitted to the County Auditor along with the certified property tax levy. Therefore, the 2012 Proposed Levy and "Proposed" General Fund Budget are presented for adoption at tonights Council meeting. Recommendation: Staff recommends adoption of the 2012 proposed General Fund Budget as presented utilizing the proposed tax levy. Funding Source: None Required. Council Action: Motion to recommend City Council adoption of Resolution #11-09-XXX Adopting the Proposed 2012 General Fund Budget. Resolution General Fund Budget Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 09/08/2011 12:50 PM Form Started By: Diana Lund Started On: 08/31/2011 11:31 AM Final Approval Date: 09/08/2011