Agenda - Council Work Session - 08/06/2018

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CC Work Session 2. 2. Meeting Date: 08/06/2018 Information Title: 2019 Preliminary Budget/Levy Review Purpose/Background: The City's adopted 2019 budget calendar calls for the 2019 preliminary levies and budgets to be presented to the City Council at worksessions beginning July 10. A brief summary of the major factors influencing the 2019 budget expenditures was presented at the July 10 work session meeting. Council work sessions will continue up to the preliminary levy adoption on September 25, 2018, and the final adoption of the budget and levy consideration in December 2018. The attached budget documents are a snapshot of all budget requests as of today. Staff will continue to further refine the recommended budgets/levies after Council has had a chance to weigh-in on personnel requests and capital equipment replacement along with other budget considerations. Modifications have been made to the personnel proposals to reduce overall cost and each department will review the rationale for making these positions a priority within the budget. Each position impacts the service level within each of the respective departments. Ifni( positions are budgeted, the proposed increase in the levy (7.93%) would be slightly less than the increase in taxable value (8.43%). If none of positions are budgeted, the resulting increase to the levy would be 5%. Timeframe: 60-75 minutes Funding Source: Responsible Party(ies): Finance Director and City Administrator Outcome: Review of preliminary budgets and levies. Attachments 2019 Preliminary Budget/Levy Notes 2019 General Fund Budget Summary Tax Capacity Rate Calculation -Estimated 2019 Personnel Requests 2019 Capital Equipment Requests Graph Comparing General Fund Budget/GF Levy/Total Levy & Taxable Value 2019 Requested General Fund Budget 2019 Proposed EDA Budget Community Profile