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<br />e <br /> <br />e <br /> <br />e <br /> <br />%- <br />~~lLLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />December 6, 2001 <br /> <br />TO: <br /> <br />Joe Lynch, City Administrator <br /> <br />Terrance R. Post, City Accountant@ <br /> <br />City Accountant Overview for the Dcccmbcr 10, 2001 Truth in <br />Taxation Mecting <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />A summary presentation of budget materials for the proposed 2002 City Budget will be <br />presented on December 10, 2001. Substantive changes from the previously discussed <br />preliminary budget discussion have occurred in two (2) areas. <br /> <br />1. 2001 General Fund Surolus <br />Staff is currently estimating an approximate $167,000, 2001 General Fund operating <br />surplus, For purposes of this presentation, the operating surplus has resulted in an <br />additional operating transfer out to the Municipal Land and Buildings Fund No, 408 <br />($100,000) and the PIR Fund No, 501 ($50,000). <br /> <br />2, Absence of2002 Park Capital Proiects <br />In light of the unfinished nature ofthe parks strategic planning effort (scheduled for <br />completion in early 2002), and the related prioritized and priced listing of capital <br />projects; no capital projects occur in the Parks Maintenance Department of the General <br />Fund or in the Park Special Revenue Fund, <br /> <br />Conclusion <br />The staff presentation concludes with a recommendation that a levy increase of$175,9l0 <br />(8,69%) is necessary to present a balanced 2002 General Fund budget. <br />