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<br />3 <br /> <br />. <br /> <br />CITY COUNCIL WORK SESSION <br />Topic Report: 2007 General Fund Budget <br />By: James Norman, City Administrator <br />Diana Lund, Finance Officer <br /> <br /> <br />Background: <br /> <br />Council was presented with the 2007 General Fund budget at the work session of <br />Thursday, August 3, 2006. The scenarios presented to Council represented all <br />department requests, the deletion of a few requested staff additions, and deleting the <br />annual depreciation transfer to the Equipment Revolving Fund. The last scenario <br />(deletion of a few staff and depreciation transfer) reflected a tax capacity rate of 40.54%. <br />In comparison, the tax capacity rate of2006 payable was 39.33%. <br /> <br />The August 14 work session will allow each respective department to discuss their <br />additional staffing/capital/individual line items (if needed), that are included in the 2007 <br />budget. <br /> <br />After the roundtable discussion, staff will seek direction as to possible budget cuts. <br /> <br />Please bring your budget document (pink book) to the meeting. <br /> <br />Action Statement: <br /> <br />Discussion of 2007 General Fund Budget by department heads and direction of possible <br />budget cuts. <br /> <br />CCWS: 8/14/06 <br />