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F~-CASE #~ <br /> <br />REVIEW AND ADOPT "PROPOSED"1999 GENERAL FUND BUDGET <br /> By: Diana Lund, Finance Officer <br /> <br />Background: <br /> <br />The 1999 Proposed General Fund Budget, as it has been presented is based on the collection of <br />tax dollars at the level certified by the state under the imposed levy limits. <br /> <br />This budget was balanced through staff recommended adjustments and the transfer of year end <br />1997 excess revenue from the Highway 47 Fund. The Highway 47 Fund transfers are to be used <br />to offset the costs of the larger capital items, such as a grader and the upgrade of the City's <br />computer network, as this fund can receive its funding from the more restricted funding source, <br />known as TIF. <br /> <br />The budget also includes an increase in the staffing complement by one full-time secretary, one <br />full-time street maintenance worker and one part-time assistant to the City Administrator. <br />Instead of the addition of a part-time building inspector, it was determined that it would be more <br />cost effective to contract this service as needed. Other than those improvements, staffing <br />remains unchanged for 1999. <br /> <br />The budget as presented includes $93,100 of capital outlay items. In comparison with prior years <br />capital outlay, this figure is much lower due to the transfer of excess revenue funds fi:om the <br />Highway 47 Fund, as stated above. <br /> <br />In total, Public Safety [police, fire, inspections, civil defense] is now 36.12% of the budget. <br />General Government [administration, finance, elections, planning and legal] is 28.74% of the <br />budget. Public Works and Parks represent 23.20% and miscellaneous and transfers make-up the <br />balance. This budget assumes that the PIR Fund will be providing for the street maintenance <br />sealcoating program for 1999, in the same manner as had been provided in 1998. <br /> <br />Normally, the 1999 "Proposed" General Fund Budget must be adopted by September 15, 1998. <br />Due to the revised levy limit, September 30, 1998 has been established as the target date to <br />submit the "Proposed" 1999 General Fund Budget and the certified property tax levy to the <br />County Auditor. Therefore, the 1999 Proposed Levy and "Proposed" General Fund Budget are <br />presented for adoption at tonights Council meeting. <br /> <br />Staff Recommendation: <br /> <br />Staff recommends adoption of the 1999 "Proposed" General Fund Budget as presented utilizing <br />the maximum proposed tax levy. <br /> <br /> <br />