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Finance Committee <br />Meeting Date: 10/08/2013 <br />By: Diana Lund, Finance <br />Information <br />Title: <br />Discussion and Review of 2014 Proposed General Fund Budget and 5-Year Budget: 2014-2018 <br />4. 2. <br />Background: <br />The Council adopted the proposed 2014 General Fund Budget at its regular meeting of September 10, 2013. The <br />Finance Committee has asked to review the individual line items of the 2014 budget prior to a full council budget <br />work session in late October/November after tax rates are received from the County. <br />A five-year budget, 2014-2018 has also been requested and prepared based on past history, proposed 2014 budget, <br />strategic planning action items, inflationary factors and capital equipment requests. The off -setting tax capacity <br />rates were calculated based on conservative growth estimates from the county, Tax Increment Financing (TIF) <br />decertifications (TIF #4 & #7) and proposed debt service. <br />Notification: <br />• 2014 General Fund Budget <br />• 5-Year Budget Assumptions <br />• 5- Year Tax Capacity Rate Calculations <br />• 2014-2018 Line Item Budget <br />Recommendation: <br />Discussion Only. <br />Funding Source: <br />Not Applicable. <br />Council Action: <br />Discussion only. Review of individual line items contained within 2014 Proposed General Fund Budget and review <br />of assumptions within the 5-Year 2014-2018 budget document. <br />2014 Proposed General Fund Budget <br />5 Year Budget Assumptions <br />5 Year Tax Capacity Rates <br />5 Year Budget 2014-2018 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 10/03/2013 09:38 AM <br />Form Started By: Diana Lund Started On: 09/25/2013 10:24 AM <br />Final Approval Date: 10/03/2013 <br />