Laserfiche WebLink
<br /> . <br /> CITY OF ARDEN HILLS <br /> . MEMORANDUM <br /> DATE: September 3, 1997 <br /> TO: Mayor and City Council <br />- Brian Fritsinger, City Administrat@ <br /> FROM: <br /> SUBJECT: Preliminarv Pavable 1998 Levv <br /> Background <br /> Staff has been developing, reviewing and summarizing the proposed 1998 budget throughout the <br /> summer. At the outset of this process, Council gave general direction to staff with regards to pay <br /> plan assumptions, capital plan items and net levy percentage increase expectations. , <br />- . At this stage in the budget process, a levy after HACA and LP A payable in 1998 of $ I ,864,320 is <br /> being proposed. This preliminary levy represents a 1.91 % or $35,000 increase over the <br /> comparable payable 1997 adopted levy. The following table analyzes the need for this level of <br /> increase by summarizing changes in other revenue categories as well as related expenditures by <br /> function. <br /> . <br /> 1997 Proposed Change <br />- <br /> General Fund Revenue Budl:et 1998 Amount Percent <br />- * General property taxes $1,776,250 $1,825,710 $49,460 2.8% <br />- * Intergovernmental 321,842 321,311 (531) (-.16%) <br /> * Licenses & Permits 186,250 196,850 10,600 5.7% <br />- * All other 169.670 181 570 11. 900 7.0% <br />I Total Revenue $2.454.012 $ 2.525.441 $ 71.429 2.9% <br />I <br /> General Fund Expenditures <br />I * General Governm:ent $554,490 $529,270 $(25,220) (-4.5%) <br /> * Public Safety 946,167 965,245 19,078 2.0% <br /> * Public Works 487,035 526,905 39,870 8.2% <br />I * Parks & Recreation 273,645 312,275 38,630 14.1% <br /> * Other Financing Uses 192.550 182.550 (10.000) (-5.19%) <br />I Total Expenditures & <br /> Other Uses $2.453.887 $2.516.245 $ 62.358 2.5% <br />,. <br />I <br /> -- ---.--- <br />