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<br /> I <br /> \ <br /> I. CITY OF ARDEN HILLS <br /> MEMORANDUM <br /> I <br /> I DATE: August 24, 1995 <br /> TO: Brian Fritsinger, City Administrator <br /> I FROM@Terrance Post, City Accountant <br /> J SUBJECT: Preliminarv Payable 1996 Levv <br /> Backl!round <br /> . Staff has been developing, reviewing and summarizing the proposed 1996 budget throughout the <br /> summer. At the outset of this process, Council gave general direction to staff with regards to <br /> parameters, capital plan items and police and fire protection service providers. <br /> I At this stage in the budget process, a levy after HACA payable in 1996 of$I,794,320 is being <br /> I proposed. This preliminary levy represents a 2.94% or $51,170 increase over the comparable <br /> payable 1995 adopted levy. The following table analyzes the need for this level of increase by <br /> summarizing changes in other revenue categories as well as various expenditure categories. <br /> I- <br /> I 1995 Proposed Variance <br /> General Fund Revenue Budget 1996 Amount Percent <br /> I · General property taxes $1,664,600 1,732,450 67,850 4.1% <br /> · Intergovernmental 263,578 256,007 (7,571) (2.9%) <br /> · Licenses & Permits 147,250 151,650 4,400 3.0% <br /> I · All other 106175 164 985 58,810 55.4% <br /> Total Revenue $2.181.603 $2.305.092 $123.489 5,7% <br /> <br /> I 1995 Proposed Variance <br /> General Fund Expenditures Budl!et 1996 Amount Percent <br /> I · General Government $519,580 $536,235 $16,655 3.2% <br /> · Public Safety 835,812 873,227 19,415 2.3% <br /> I · Public Works 306,465 380,960 74,495 24.3% <br /> · Parks & Recreation 278,140 300,525 22,385 8.0% <br /> · Other Financing Uses 199.945 211.050 11.1 05 5.6% <br /> I Total Expenditures & Other Uses $2.157942 $2301 997 $144055 6.7% <br /> I- <br /> I <br />