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CC Work Session 2. 1. <br />Meeting Date: 11/27/2012 <br />By: Diana Lund, Finance <br />Title: <br />2013 Levy & General Fund Budget <br />Background: <br />Update of 2013 Levy and budget in preparation of truth in taxation public meeting on December 11, 2012 with <br />final adoption also scheduled on December 11. <br />During the budget work sessions the possibility of capital equipment certificates being issued for 2013 capital <br />equipment purchases was discussed. A final determination is needed regarding funding these purchases with capital <br />equipment certificates or equipment fund. A copy of a proposed debt schedule is attached. <br />Capital equipment certificates currently offer borrowing at historically low (<2%) interest rates.The debt would be <br />issued in 2013 with the debt levy becoming effective for 2014 payable. <br />Funding Source: <br />Not applicable. <br />Council Action: <br />Discussion of budget and levy with final determination of funding for 2013 capital purchases. <br />Attachments <br />2013 Proposed General Fund Budget <br />2013 Capital Equipment Certificates <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 11/21/2012 11:30 AM <br />Form Started By: Diana Lund Started On: 11/16/2012 11:30 AM <br />Final Approval Date: 11/21/2012 <br />