Laserfiche WebLink
<br /> I <br /> I CITY OF ARDEN HILLS <br /> ,. MEMORANDUM <br /> DATE: August 15, 1996 <br /> I TO: Brian Fritsinger, City Administrator <br /> I FROM: Terrance Post, City Accountant @ <br /> SUBJECT: Expanded PMP Scope and 1.95% Levy Increase <br /> I As a follow-up to the Budget Worksession meeting of August 12, 1996, attached find a revised <br /> I General Fund Proposed 1997 Budget which incorporates "Alternate No.3," <br /> Specifically, this alternate incorporates a 1.95% net levy increase to expand the scope of 1997 <br /> I Pavement Management Program (PMP) activities in the Street Maintenance department by <br /> $34,000, <br /> I Another change in this alternate is to reduce the planned operating transfer out to the <br /> Capital Equipment Sinking Fund by $28,5.00 and to also reduce "Other Financing Uses" <br /> (revenue representing an operating transfer in from the Capital Equipment Sinking Fund) by <br /> .. $28,500. This use of the operating transfers has no impact on the projected deficit ($1,793), but <br /> reduces total revenues and total expenditures by $28,500. <br /> I It is anticipated that this alternative will generate some discussion at the August 19,1996 <br /> Council Budget Worksession, <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> ,. <br /> I <br />