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<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />December 2,1999 <br /> <br />TO: <br /> <br />Mayor and City Conncil ~ '\ <br />Joe Lynch, City Administrator~ ~ ~ <br /> <br />Administrator Comments for the December 6, 1999 Truth In <br />Taxation Meeting <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Mr. Post will conduct a summary presentation of budget materials for the proposed 2000 City <br />Budget. He has advised me that substantive changes from the adopted preliminary budget have <br />occurred in three areas: <br /> <br />I. <br /> <br />1999 General Fund Revenue <br />Stronger than anticipated License and Permit revenues have increased the earlier <br />1999 estimate from $262,790 to $373,350 (an increase of $110,560) for this <br />revenue category. It is anticipated that this surplus will be utilized to fund the <br />additional scope of the 2000 Pavement Management Program project (Ingerson <br />neighborhood). <br /> <br />2. Expanded 2000 PMP Scope <br />The inclusion of the Ingerson neighborhood into project scope has caused an <br />increase in PMP activities from $510,000 to $2,243,200 (an increase of <br />$1,733,200). <br /> <br />3. Increased 1999 Water Utilitv Expense for Purchased Water <br />The water main leak, detected and corrected in November, 1999 will result in an <br />estimated $70,000 loss. This increased expense is reflected in estimated 1999 <br />water utility expenses. <br /> <br />Conclusion <br />The staff presentation concludes with a recommendation that a levy increase of$51,763 (2.69%) <br />is necessary to present a balanced 2000 General Fund budget. <br />