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<br />.. <br /> <br />, <br /> <br />City of Centerville <br />Narrative for 2005 Proposed Budget <br />September 8, 2004 <br /> <br />Attached is the second draft of the Year 2005 General Fund Budget for the City of <br />Centerville. This report is intended to disclose all assumptions used in calculating the <br />proposed budget and explain any significant variances from last year. <br /> <br />The following changes were made from the first draft budget: <br /> <br />Revenues: <br /> <br />Tax Levv <br />The general tax levy was increased by $160,671, or 10.44%, over last year. <br />Preliminary tax capacity information from Anoka County indicates that the tax <br />rate will not increase over last year as a result of the levy increase. <br /> <br />Transfers In <br />A transfer of $20,000 each from the Water and Sewer Funds is included to help <br />finance the proposed new Public Works storage building. <br /> <br />Expenditures: <br /> <br />Lee:al <br />The legal budget was increased by another $6,000 as requested. <br /> <br />Police Administration <br />We used the latest estimate from the Centennial Lakes Police Department in the <br />amount of$550,475. If the Joint Powers Board adopts a lower budget, the <br />remainder of this line item can be moved to the Capital Outlay Account <br /> <br />Fire Protection <br />A budget was received from the Centennial Fire Department.in the amount of <br />$87,993. The balance of the budget reflects State Fire Aid. <br /> <br />Streets <br />Street maintenance was increased to $80,000 to accommodate higher prices for <br />seal coating. <br /> <br />Transfers Out <br />~Jn-theatn.O'UDtof-$45,OO6-for-thepotieebuilding-debf' <br />service was eliminated. <br /> <br />Caoital Outlay <br />. The Capital Outlay Budget was increased to accon;unodate the additional tax; levy <br />dollars. <br />