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CC Work Session 2. 1. <br />Meeting Date: 08/25/2020 <br />Information <br />Title: <br />2021 General Fund/Levy Review - Continued Discussion <br />Purpose/Background: <br />At the July 14, 2020 budget worksession the council was presented with the 2021 General Fund <br />budget and its effect on the tax levy. This was the first look at the budget which included all <br />departments requests. At this worksession, it was requested to take a look at the COLA and to <br />reduce the levy to a six percent increase over 2020. <br />At the August 10, 2020 budget worksession, the July 14 worksession requests were presented <br />and a preliminary review of the 2021 personnel requests began. <br />Staff would like to use the August 25 worksession for further review of the personnel requests <br />and receive input in regard to the overall budget and levies. <br />The following items are attached for your review. <br />1. Changes since the 7-14-20 Budget Worksession: General Fund Levy/Budget, EDA Levy & Debt Levy <br />2. Tax Capacity Calculations - Estimated Tax Capacity Rates <br />3. 2021 Personnel Request. <br />4. 2021 Capital Equipment Requests <br />5. 2021 Requested General Fund Budget <br />6. 2021 Requested EDA Budget <br />Timeframe: <br />45-60 minutes <br />Funding Source: <br />Responsible Party(ies): <br />City Administrator <br />Finance Director <br />Administrative Services Director <br />Outcome: <br />Review of preliminary budgets and levies to determine a preliminary levy and budget for the meeting of September <br />22, 2020. <br />Attachments <br />2021 Levy/Budget Changes <br />Estimated Tax Capacity <br />