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Memo - City Council 2014 Proposed Preliminary Budget and Tax Levy 8 Increases to the Council budget include Other Professional Services for retreat facilitation and team building. The Community Development intern has been increased from a .5 FTE to a 1.0 FTE. Administration and Planning and Zoning have decreases associated with transferring costs to the TCAAP department. The Street department added $10,000 for curb and sidewalk repair and $10,000 dollars was restored to the Equipment and Building Fund transfer from the General Fund. Other Funds We have had previous discussion about the EDA Fund. Staff is recommends that a funding source be found for this fund in the future as the current funding source of from the TIF District and the conduit debt fees will not be ongoing. Staff also recommends a transfer of $25,000 from the PIR Fund in 2014 for the Gateway signs. There were no significant changes to the other Special Revenue Funds. There are no significant changes to the Debt Service Fund. Capital Funds were discussed at our June meeting during the Capital Improvement Plan (CIP) review. They will again be brought back for discussion at our October worksession, as will the Fee Schedule. 2014 Rate Increases Enterprise Funds have been evaluated and changes made to accurately reflect economic conditions and historical trends. An Water2% updated rate study was done and presented to the City Council at the Sanitary Sewer2% November 2012 worksession. The rates included in the proposed Surface Water15% budget are from that Rate Study. GENERAL INFORMATION th A preliminary levy needs to be established and certified by September 15 each year, while the final levy needs to be established and certified by December 26th. As Council knows, once a preliminary levy is established, the amount can be reduced, but it cannot be increased. It should be noted that the 3.05% levy increase provides no opportunity to build fund balances in capital funds (Park Fund, PIR/Capital, and Public Safety). The preliminary budget includes the use of $17,940 in reserves to balance the budget. DIRECTION REQUESTED: Adoption of Resolution 2013-035, a resolution setting the preliminary levy for taxes payable in 2014.