Agenda - Council - 09/11/2012 - Laserfiche WebLink

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CC Regular Session 7.5. Meeting Date: 09/11/2012 By: Diana Lund, Finance Title: Review and Adopt Proposed 2013 General Fund Budget Funding Source: None Required. 2013 Proposed General Fund Budget Resolution General Fund Budget Information Background: Background: The 2013 Proposed General Fund Budget, is strictly a "Proposed" budget and will be amended in the following months before final adoption in December, 2012. The budget as presented represents a balanced budget of $10,466,337, or a $818,262 or 8.5% increase over the adopted 2012 General Fund Budget of $9,648,075. The increase in budget is attributed to the additional $1,000,000 in funding for road reconstructions. The revenue sources are made up of: Taxes: 69.1% (73.5 % - 2012); Permits: 4.2% (4.5 %- 2012); Intergovernmental: 2.9% (3.2 %- 2012); Charges for Services: 10.4% (5.7 %- 2012); Fines/Interest Earnings: 1.7% (2.2 %- 2012); and Transfer from other Funds: 11.7% (10.9 % - 2012). In total, Public Safety [police, fire, inspections, civil defense] is now 40.2% of the budget. General Government [administration, finance, elections, planning and legal] is 21.2% of the budget. Public Works and Parks represent 36.5% and miscellaneous and transfers make -up 2.1% of the budget. The 2013 "Proposed" General Fund Budget must be adopted by September 17, 2012 and submitted to the County Auditor along with the certified proposed property tax levy. Therefore, the 2013 Proposed Levy and "Proposed" General Fund Budget are presented for adoption at tonight's Council meeting. Recommendation: Staff recommends adoption of the 2013 proposed General Fund Budget as presented. Council Action: Motion to recommend City Council adoption of Resolution #12-09-XXX Adopting the Proposed 2013 General Fund Budget. Attachments Form Review Inbox Reviewed By Date Kurt Ulrich Kurt Ulrich 09/06/2012 03:25 PM Form Started By: Diana Lund Started On: 09/04/2012 08:58 AM Final Approval Date: 09/06/2012