Laserfiche WebLink
CC Work Session <br />Meeting Date: <br />Primary Strategic Plan Initiative: <br />07/25/2023 <br />Identify and implement operational efficiencies, cost savings and additional <br />funding sources. <br />Information <br />Title: <br />Continued Discussion on 2024 Budget/Levies <br />2. 1. <br />Purpose/Background: <br />At the July 11, 2023 budget work session, the council was presented with the 2024 General Fund budget and its <br />effect on the tax levy. This was the first look at the budget which was presented as a status quo budget with all <br />staff requests of capital, personnel and other larger items not previously included in the 2023 Adopted General <br />Fund Budget to be considered as additions to. <br />This meeting will be a further discussion of the 2024 budget, with the focus on these "add on" items. Staff is <br />collecting information from similar cities as it relates to Public Works staffing levels, this information will be <br />shared at the meeting. We will also review the county valuation numbers and the effect on tax rate (County <br />numbers have not been received at submittal of agenda item). Council requested information on the possibility <br />of the issuance of capital equipment certificates. <br />Some of the attached budget documents have been amended since the last meeting: 2024 Capital requests & <br />General Fund Levy summary to reflect the additional requests of $126,000 in capital equipment. This addition <br />reflects items that were identified on previous version of the CIP, but not carried over into the 2024 budget <br />requests. A new sheet has been added to show the total capital requests for years 2024 through 2026 regarding <br />the possibility of the issuance of capital equipment certificates. <br />Timeframe: <br />90 minutes <br />Funding Source: <br />Responsible Party(ies): <br />Finance Director and City Administrator <br />Outcome: <br />Continued discussion of the 2024 budget and levies. <br />Attachments <br />General Fund Levy Summary Amended <br />2024 Personnel Requests <br />2024 Capital Requests <br />2024-2026 Capital Requests <br />2024 Draft General Fund Budget <br />2024 Draft EDA budget <br />