CCP 12-11-2006 - Laserfiche WebLink

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. n . .~. ~~,HILLS IHEI\'10RANDUM DATE: December II, 2006 Agenda Item SA TO: Ilonorablc \Iayor and City Council ~. FIUHI: Michelle Wolfe, City Administrator ~ SUBJECT: Proposed 20U7 Budget BACKGROl1:\'D At the July 12. 20()() \-\'01'1<. Session, the Council provided staff with guidelines to initiate work and to prepare a Preliminary 2007 Budget. In addition. Council discussed the proposed budget at the August 21. 20n() Work Session. At these meetings. the Council provided staffwith general . guidelines and based on these guidelines. a drall preliminary budget \Vas presented at the November 20. 200() \Vork Session I()!" discussion. The current version ofthe budget reflects changes discussed at that Work Session. On September I I. 2Cl06. the Council adopted a preliminary Tax Levy in the amount of $2.()75. I () I. The Countv has received the certificationllotice. On December 4. 2U()(J. the City held the Truth in Taxatiollmeeting. At the conclusion of the meeting. the Mayor closed the public hearing, DISCIJSSION The attached 2007 Proposed Budget has projected expenditures of $8,846,304. This budget includes expenditures and revenues across all funds. The General Fund budget is proposed at S3A7J.(J34. It should bl:? nokd that general fUlld expenditures include a transfer of funds to the Public Safety Capital Fund and the Gelleral Capital Fund for future capital improvement projects and equipment purchases. The transfer alllount is budgeted at $187.81 (). Attached is listing of Proposed 2007 Budget lIighlights. .