Laserfiche WebLink
CC Work Session 2. 1. <br />Meeting Date: 09/03/2013 <br />By: Diana Lund, Finance <br />Title: <br />Discussion of Proposed 2014 Budgets and 2014 Levies. <br />Background: <br />This item was on the August 27, 2013 Work Session Agenda. Council requested a special meeting for this evening <br />to allow for continued discussion of 2014 budgets and levies before proposed budgets and levies are presented for <br />adoption at the regular City Council and HRA meetings of September 10, 2013. The proposed 2014 tax capacity <br />rate is 43.37% in comparison to 44.29% in 2013. An $180,000 reduction in levy = 1% decrease in tax capacity <br />rate. The total Proposed General Fund budget is $9,894,184 compared to an adopted 2013 General Fund Budget of <br />$10,293,837 or a $399,653 reduction. <br />The budget as presented is now balanced with a proposed levy that would be the maximum per the previous levy <br />limits established for 2014. <br />Notification: <br />The following items are attached for review: <br />- 2014 Preliminary General Fund Budget <br />- 2014 Preliminary EDA Budget <br />- 2014 HRA Budget <br />- 2014 Budget Highlights <br />Information <br />