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CC Regular Session <br />Meeting Date: 12/13/2011 <br />By: Diana Lund, Finance <br />Information <br />Title: <br />Review and Adopt 2011 /Payable 2012 Tax Levy and 2012 General Fund Budget <br />4.5. <br />Background: <br />The 2012 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 44.15 tax capacity rate. <br />The budget, as presented, represents a balanced budget in the amount of $9,648,075. <br />The budget includes $340,252 for capital outlay items for a plow truck, three squad cars and the first year (of two <br />years) funding for a fire tanker truck. The council contingency fund has a budget of $33,726. <br />An overall summary of the budget and levy can be found under the 2012 Budget and levy presentation that was <br />included under the presentation portion of the December 13, 2011 city council agenda. <br />State Statutes require that the 2012 Levy and General Fund Budgets must be adopted at a meeting before December <br />28, 2011. <br />Funding Source: <br />None Required. <br />Council Action: <br />Motion to recommend City Council adoption of Resolution #11-12-XXX Resolution Adopting the 2011, Payable <br />2012 Municipal Tax Levy <br />and <br />Motion to recommend City Council adoption of Resolution #11-12-XXX Resolution Adopting the 2012 City of <br />Ramsey General Fund Budget. <br />Resolution 2012 Property Tax Levy <br />Resolution 2012 General Fund Budget <br />Inbox Reviewed By <br />Kurt Ulrich Kurt Ulrich <br />Form Started By: Diana Lund <br />Attachments <br />Form Review <br />Final Approval Date: 12/08/2011 <br />Date <br />12/08/2011 02:45 PM <br />Started On: 12/05/2011 07:16 AM <br />