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AGENDA ITEM – 1C <br /> <br /> <br /> <br /> <br />MEMORANDUM <br /> <br /> <br />DATE: September 22, 2014 <br /> <br />TO: Honorable Mayor and City Council <br /> <br />FROM: Patrick Klaers, City Administrator <br /> Sue Iverson, Director of Finance and Administrative Services <br /> <br />SUBJECT: 2015 Proposed Preliminary Budget and Tax Levy <br /> <br /> <br />INTRODUCTION <br /> <br />In preparation for adoption of the preliminary tax levy at the last meeting in September, staff has <br />previously distributed to the City Council the proposed 2015 budget and tax levy for discussion. <br />This was handed out to all Councilmembers at the September 15, 2014, work session. A memo <br />can be found in the book outlining all the discussion points. <br /> <br />GENERAL INFORMATION <br /> <br />A final levy is established and certified in December. As Council knows, once a preliminary <br />levy is established, the amount can be reduced, but it cannot be increased. <br /> <br />In order to proceed with preliminary budget preparation, it would be helpful to have additional <br />Council input. <br /> <br />DIRECTION REQUESTED: <br /> <br />1. Discussion with staff regarding the 2015 preliminary levy and issues. <br />2. Further direction to staff regarding 2015 budget preparation.