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CASE REVIEW AND ADOPT 2001 TAX LEVY AND GENERAL FUND BUDGET By: Diana Lund, Finance Officer Background: The 2001 Truth-in-Taxation Public Hearing was held on Monday, December 4, 2000, at 6:00 p.m. in the Council chambers. The information distributed at the hearing included information regarding the tax capacity rate and tax dollar utilizing the certified maximum proposed tax levy that was certified in September, 2000. The 2001 Proposed General Fund Budget, as it has been presented and reviewed in the past several months, is based on the collection of tax dollars and results in an estimated 27.6i5'tax capacity rate. This budget was balanced through staff recommended adjustments and resulted in a total contingency in the amount of $108,971. The budget also includes an increase in the staffing complement by one full-time Street Maintenance worker, one full-time Patrol Officer, one full-time Crime Prevention Specialist, one full-time Clerk II for Records Retention, one full-time Fire/Building Code Inspector, one part- time Community Service Officer, and one half-time Building Maintenance. The budget as presented includes $217,768 of capital outlay items of which $88,004 will be funded by the Equipment Revolving Fund. The balance of $129,764 will be funded through the property tax levy and general fund revenues. In total, Public Safety [police, fire, inspections, civil defense] is now 37.59% of the budget. General Government'[administration, finance, elections, planning and legal] is 28.74% of the budget. Public Works and Parks represent 24.63% and miscellaneous and transfers make-up the balance. This budget assumes that the PIR Fund will be providing for the street maintenance sealcoating program for 2001, in the same manner as had been provided in 2000 State Statutes require that the 2001 Levy and General Fund Budgets must be adopted at a meeting separate fi'om the public hearing and before December 28, 2000. Therefore, the 2001 Proposed Levy and General Fund Budget are presented for adoption at tonights Council meeting. Staff Recommendation: Staff recommends adoption of the 2001 property tax levy and General Fund Budget as presented utilizing the n~aximum proposed tax levy which results in a tax capacity rate of approximately 27.615.