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Memo <br />City Council <br />2012 Proposed Final Budget and Taac Levy <br />9 <br />charging departments for their share of these costs, but administratively it was cumbersome and <br />inefficient in the management of them. <br />There are no significant changes to the Debt Service Fund. <br />Capital Funds are part of the Capital Improvement Plan (CIP) and each project or purchase is <br />review by the City Council for approval before it is purchased or initiated. The 2012 <br />expenditures have been included in the 2012 budget. <br />Enterprise Funds have been evaluated and changes made to 2012 Rate Increases <br />accurately reflect economic conditions and historical trends. The <br />current rate structure has been evaluated and will be further Water 7% <br />discussed with the City Council in early 2012. Until then, and no Sanitary Sewer 2% <br />changes have been made to the current rate structure and planned Surface Water 3% <br />increases will be implemented. The rates included in the proposed budget are from the 2008 <br />Rate Study. <br />REQU�STED ACTION: <br />1. A motion to approve the 2012-2016 CIP as presented. <br />2. A motion to approve Resolution 2011-061, a resolution adopting the 2012 Budget. <br />3. A motion to approve Resolution 2011-062, a resolution setting the Final Levy for taxes <br />payable in 2012. <br />