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<br />~ <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />November 17,2008 <br /> <br />SUBJECT: <br /> <br />Mayor and City Council <br />Ron Moorse, City Administrator f I; <br /> <br />2009 Budget <br /> <br />TO: <br /> <br />FROM: <br /> <br />Back2round <br />The Council, at its initial budget work session, provided direction regarding a preliminary levy <br />and budget expenditures, which were also reflected in the preliminary levy approved by the <br />Council and certified to the County. The preliminary budget expenditures and levy included a <br />contingency amount of$110,063. The Council had indicated that, prior to final budget and levy <br />adoption, specific needs would have to be identified that could be addressed through the use of <br />all or a portion of this contingency amount. <br /> <br />The Council has received the proposed 2009 budget. The proposed budget reflects the <br />preliminary levy and expenditure direction provided by the Council, along with two main <br />expenditure recommendations related to the use of the contingency amount. These are a transfer <br />of $50,000 from the General Fund to the Equipment/Building Replacement Fund, and a transfer <br />of$25,000 from the General Fund to the EDA Fund. <br /> <br />Council Direction Requested <br />Staff is requesting direction from the Council regarding the two transfers from the General Fund, <br />and regarding the levy to be presented at the Truth-in- Taxation hearing. <br /> <br />\\Metro-inet\ardenhills\Admin\City Administrator\General documents\RCA's\agenda Memo_2009 budget 11-14-08.doc <br />