HomeMy WebLinkAbout1C, 2009 Budget
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_HILLS
Request for Council Action
Prepared By: Ron Moorse
Council Work Session Date: November 17, 2008
2009 Budget
Budgeted Amount:
Actual Amount:
Funding Source:
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Supporting Documents:
1. Memorandum dated November 17, 2008 from Ron Moorse
2. Please bring the 2009 budget previously provided
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MEMORANDUM
DATE:
November 17,2008
SUBJECT:
Mayor and City Council
Ron Moorse, City Administrator f I;
2009 Budget
TO:
FROM:
Back2round
The Council, at its initial budget work session, provided direction regarding a preliminary levy
and budget expenditures, which were also reflected in the preliminary levy approved by the
Council and certified to the County. The preliminary budget expenditures and levy included a
contingency amount of$110,063. The Council had indicated that, prior to final budget and levy
adoption, specific needs would have to be identified that could be addressed through the use of
all or a portion of this contingency amount.
The Council has received the proposed 2009 budget. The proposed budget reflects the
preliminary levy and expenditure direction provided by the Council, along with two main
expenditure recommendations related to the use of the contingency amount. These are a transfer
of $50,000 from the General Fund to the Equipment/Building Replacement Fund, and a transfer
of$25,000 from the General Fund to the EDA Fund.
Council Direction Requested
Staff is requesting direction from the Council regarding the two transfers from the General Fund,
and regarding the levy to be presented at the Truth-in- Taxation hearing.
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