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Additionally, the updated funding formula has been calculated and incorporated into this <br />budget proposal. The new funding formula shows the Arden Hills share of the budget <br />decreasing from 26.2% in 2014 to 25.6% in 2015. <br /> <br />This version of the proposed budget will be presented to the LJFD Board on Wednesday, <br />th <br />July 14. This new proposal shows the Arden Hills share of the budget going up $28,473 <br />or 6.54%. Our City increase is lower than the overall increase of 9.3% because of the <br />changes in the funding formula. <br /> <br />The funding formula page and the revised and updated budget proposal are attached for <br />your review. LJFD Chief Tim Boehlke will be at this work session to discuss the <br />proposed 2015 budget with the City Council. <br /> <br /> <br />Attachments <br /> <br />Funding formula and proposed budget <br />