CCP 12-04-2006 Truth in Taxation Public Hearing

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. , ~ . ~HILLS MEMORANDUM DATE: December 4, 2006 AGENDA ITEl\'1: 6A TO: Mayor and City Council FROM: Michelle Wolfe, City Adl11inistratorL~\' \ \ \ ; ....' I .,' SUBJECT: Public Hearing and Presentation: Truth in Taxation 2007 Tax Lcvy and Proposed Budget Attached is a copy of the prescntation matcrials for Monday's Truth in Taxation Hearing, [n tenns of the budget information contained in the presentation, it is based on the blldget as proposed and presented to the City Council at the November 20 work scssion, with the foll()\ving changes: . Deletcd estimatcd expenditures ($50,000) and revenues (S22,000) relation to thc Celebrating Arden Hills Event (net $28,0(0) . . Decreased contribution to Northwest Youth and Family Scrvices contribution from $5,000 to $4,000 . Added funding for possible City survey ($10,500) . Added funding for needs assessment of Fire Station #1 ($5,000) The net decrease in expenditures was applied to the operating transfers. The total for operating transfers is designated 25(% to the PIRlCapital Fund and 75("';, to the Public Safety Capita] Fund, We will do our best to address qucstions raiscd on Monday evening. To the extent we cannot, Council has the ability to continue the hearing to 6:30 p,m. on Monday, Deccmber ] I, Please feci free to contact me with any questions you have aftcr rcviewing these materials. Attachment \ :mc/ro-illctlardcnl1i /Is L-I dm ill \ Cit\' ,.1 dill in is/m /orIBl/(lgct\20(l 7\ 12 -"'-(In Memo RE "/1'/1/11 ill lima ion. doc .