Agenda - Council - 12/13/2016 - Laserfiche WebLink

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no. Our Mission: To work"ettrer to resposibty grow our community,and to provide quality,cost-effective.and efficient government services. CC Regular Session 6. 1. Meeting Date: 12/13/2016 By: Diana Lund,Finance Information Title: Public Hearing on 2017 Tax Levies and General Fund Budget&Adopt Resolution 416-12-237 Adopting the 2016, Payable 2017 Municipal Tax Levy; Adopt Resolution 416-12-238 Adopting the 2017 General Fund Budget and Adopt Resolution 416-12-239 Adopting the 2017 Economic Development Authority(EDA)Budget. 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, 2016. A budget/levy slide presentation will be provided that will outline the city's proposed 2017 levies and General Fund Budget. A brief recap of this presentation are as follows: 2017 Final Overall Levy: $10,479,058-no reduction from September Preliminary levy of $10,479,058. The final adopted levy in 2016 was $9,971,075. Levy Components: General Fund Levy: $8,670,635 ($8,287,721 - Year 2016) Debt Service Levies: $1,704,442 ($1,609,736- Year 2016) EDA Levy: $ 103,981 ($73,618 - Year 2016) The levy increase from payable 2016 to payable 2017 is mostly attributed to a full-time Drug Task Force Officer, Part-Time Assistant to Assistant City Administrator/Economic Development Manager, Part-Time Building Maintenance Worker, the first year debt financing of the second road reconstruction projects that included Andrie Street and 164th Lane, City website redesign, E Plan Review (Building Permit software), Recreational Programming and additional funding to allow for flexibility and improvements to the city's economic development strategies. 2017 Final Tax Capacity Rate: 42.406% (43.14% - Year 2016) 2017 General Fund Budget: $11,128,759 ($10,925,127 - Year 2016). 2017 EDA Budget: $113,981 ($83,618 - Year 2016)