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CC Work Session 2. 1. <br />Meeting Date: 11/14/2017 <br />Information <br />Title: <br />Discussion and Review of 2018 Proposed General/EDA Budgets & Levies <br />Purpose/Background: <br />Purpose: Further Review of Proposed 2018 General Fund Budget and 2017 Property Tax Levy <br />The City Council adopted the proposed 2018 General Fund Budget and levy at its regular meeting of September <br />26, 2017. The City received preliminary tax capacity numbers from the County and the proposed 2018 tax capacity <br />rate, based on the approved preliminary levies, would be 41.656 %. Staff had previously estimated a proposed tax <br />capacity rate, based upon the preliminary levy, of 41.686%. <br />The budget/levy are to be brought to the City Council for final adoption on December 12. Before this date, it is <br />recommended that the City Council identify any additional items that they would like staff to specifically address. <br />A couple of items that staff would like to review are related to memberships and the purchase of an additional $1 <br />million of insurance coverage. <br />Timeframe: <br />30 minutes <br />Funding Source: <br />Responsible Party(ies): <br />Finance Director <br />Outcome: <br />Review of budget documents and determination of final 2018 General Fund/EDA Fund Budgets and 2018 Payable <br />Levy. <br />Attachments <br />2018 Proposed General Fund Budget <br />2018 Proposed EDA Budget <br />Community Programs <br />Tax Increases Diff Home Values <br />Tax Capacity Summary <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Diana Lund 11/07/2017 11:13 AM <br />Diana Lund (Originator) Diana Lund 11/07/2017 11:15 AM <br />Kurt Ulrich Kurt Ulrich 11/09/2017 02:07 PM <br />Form Started By: Diana Lund Started On: 10/24/2017 01:28 PM <br />Final Approval Date: 11/09/2017 <br />