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<br />. <br /> <br />. <br /> <br />~ <br />~~ILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />September 5, 2002 <br /> <br />Agenda Items 6.B.2 - 6.B:.4 <br /> <br />TO: <br /> <br />Joe Lynch, City Administrator <br /> <br />CC: <br /> <br />Aaron parrish, Community Resources Director <br /> <br />Terrance Post - City Accountant @) <br /> <br />Proposed 2003 proposed Budget and Levy <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />A. Summary Comparison of General Fund Revenues, Expenditures, and <br />Operating Transfers <br />B. All Funds Proposed 2003 Revenue <br />C. All Funds Proposed 2003 Expenditure <br />D. August 15,2002 Ramsey County Truth in Taxation Process Letter <br /> <br />ENCLOSURES: <br /> <br />Backl!round <br />At the regular City Council meeting of August 26, 2002, a 2003 levy supported (i.e., General <br />Fund) budget was presented supported by a 2.94% levy increase ($64,710 - from $2,201,002 to <br />$2,265,712). This baseline scenario resulted in an approximate break even situation (a $3,444 <br />deficit) and several needs unmet. Specifically, funding for the Day in the Park activity was at <br />$15,000; funding for the Program Fund deficit was inadequate at $15,000; the implications of <br />adopting the LRA recommended salary plan were not incorporated along with some other less <br />material items reviewed by staff (e.g., management fees in the Mayor and Council Department at <br />$1,500 appeared low for the Councillstaffretreat). <br /> <br />Proposed 2003 General Fund Budl!ct Chanl!es from Baseline <br /> <br /> <br />No Chan es <br /> <br />A. Revenue <br />B. Expenditures/Transfers Out <br /> <br />$2,000 <br /> <br />1. Increase management fees in Mayor & Council department from <br />$1,500 to $3,500 <br /> <br />$5,000 <br /> <br />. <br /> <br />2. Increase Day in the Park funding from $15,000 to $20,000 <br />