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/r Cc s # I REVIEW AND ADOPT 1999 TAX LEVY AND GENERAL FUND BUDGET By: Diana Lurid, Finance Officer Background: The 1999 Truth-in-Taxation Public Heating was held on Monday, November 30, 1998, at 7:00 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, 1998. The 1999 Proposed General Fund Budget, as it has been presented and reviewed in the past several months, is based on the collection of tax dollars at the level certified by the state under the newly imposed levy limits and results in an estimated 22.893 tax capacity rate. This budget was balanced through staff recommended adjustments and resulted in a total contingency in the amount of $47,173...Included is funding for training [$10,000] and an unallocated line item [$37,173]. The budget also includes an increase in the staffing complement by one full-time street maintenance worker, one clerk typist and one three-fourths time assistant to the City Administator. It also includes a contracted building inspector, patrol officer, one full-time Other than those improvements, staffing remains unchanged for 1999. The budget as presented includes $93,100 of capital outlay items of which $25,774 is funded by the Equipment Revolving Fund. The balance of $67,326 is funded through the property tax levy and general fund revenues. In total, Public Safety [police, fire, inspections, civil defense] is now 36.40% of the budget. General Government [administration, finance, elections, planning and legal] is 28.87% of the budget. Public Works and Parks represent 22.85% 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 1999, in the same manner as had been provided in 1998. Ifa change in funding does ultimately occur during 1999, the necessary changes do not have a General Fund budgetary impact. State Statutes require that the 1999 Levy and General Fund Budgets must be adopted at a meeting separate from the public hearing and before December 28, 1998. Therefore, the 1999 Proposed Levy and General Fund Budget are presented for adoption at tonights Council meeting. Staff Recommendation: