Agenda - Council - 12/08/2015 - Laserfiche WebLink

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Orr Uission: To work together to resposihty grow our community, and to provide quality, cost-effective, and efficient government ierwlcea. CC Regular Session 6. 1. Meeting Date: 12/08/2015 By: Diana Lund, Finance Information Title: Public Comment Input on 2016 Tax Levies and General Fund Budget and Adoption of Final Levies and Budgets Purpose/Background: Purpose: The city is required to hold a meeting where the city's budget and levy will be discussed and the public can give input. The city is required to adopt a levy and certify to the county auditor by December 28, 2015. A budget/levy slide presentation will be provided that will outline the city's proposed 2016 levies and General Fund Budget. A brief recap of this presentation are as follows: 2016 Final Overall Levy: $9,971,075 -reduction of $205,742 from September Preliminary levy of $10,176,817. Levy reduction factors: Removing the full-time position requests of Drug Task Force Officer and Code Enforcement/Licensing Coordinator; line item reductions, health coverage changes and reduction of one additional full-color newsletter. The final adopted levy in 2015 was $9,407,821. Levy Components: General Fund Levy: $8,287,721 ($7,921,570 - Year 2015) Debt Service Levies: $1,609,736 ($1,369,807- Year 2015) EDA Levy: $ 73,618 ($116,444 - Year 2015) The levy increase from payable 2015 to payable 2016 is mostly attributed to the newly added debt service for fire station #2 and the first year financing of road reconstruction projects that included Garnet Street; a new full-time public works maintenance worker to start April 1, 2016; and other personnel costs related to COLAs, Step Increases, Pera, health insurance and election judges for election year. 2016 Final Tax Capacity Rate: 43.414% (42.590% - Year 2015) 2016 General Fund Budget: $10,925,127 ($10,423,759 - Year 2015). 2016 EDA Budget: $83,618 ($204,301 - Year 2015)