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MEMORANDUM DATE: November 12, 2013 TO:Honorable Mayor and City Council Members FROM: Patrick Klaers, City Administrator SUBJECT: 2014 Budget Introduction th The City Council discussed the preliminary 2014 budget and tax levy at the August 26 th work session and the September 9 regular meeting. In August/September, the Council requested information from staff on possible adjustments to the preliminary budget that could reduce the tax levy. Some possibilities for adjustments are included in the budget memo that is in the front of the budget book. th This November 12 special work session on possible budget cuts is being held in advance of the regular November work session, which is generally scheduled for budget discussions prior to the December Truth in Taxation hearing. Background In August/September, the 2014 general fund revenues were projected to be $4,251,619. This was an increase of $121,212 or 2.93% over the adopted 2013 budget. At that time, the total tax levy was projected at $3,191,230. The proposed tax levy increase was $97,797 or 3.1% over the adopted 2013 tax levy. The tax levy is 77% of the total general fund revenues. In August/September, the 2014 expenditures were projected to be $4,269,559. (The City needed to use $17,940 of reserves to balance the budget.) The expenditures were projected to increase $118,698 or 2.9% over the adopted 2013 budget. At that time, the public safety contracts were up $67,117 from the 2013 budget. The increase in the contracts was 69% of the proposed 2014 tax levy increase. The remaining increase in 2014 tax levy was $51,581 and these funds were spread out between the personal services, the materials and supplies, the other services and charges, and the transfers budget categories.