2018-11-28 CC Packet - Laserfiche WebLink

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r 1,110M ,C ;ld..,M✓�so3s ": .�eaGBiS a a9 Au4."'�✓' 6-51-429-3232,,r�c51a9-scz9 Memorandum Date: November 28, 2018 To: Honorable Mayor and City Council Members Through: Mark R. Statz, City Administrator/City Engineer From: Bruce DeJong, Finance Director Item: 2019 General Fund Budget and Tax Levy Adoption City staff has discussed the General Fund budget for 2019 with the City Council since July. With the advice of City Council members, we have made many changes to the preliminary draft. We last discussed the budget and tax levy on November 14, at which several significant decisions were made. Those changes to the budget will be highlighted in detail in the following sections along with other significant changes (>=$5,000)from the 2018 budget. General Fund Revenues Property Taxes - $22,822 The property tax levy was raised by this amount to balance the budget and allow for an additional part-time administrative employee. Fire Aid—($113,800) The revenues have been split between Centerville and Lino Lakes. The amount that we are scheduled to receive is exactly the difference between the previous total aid and the amount directed to Lino Lakes after the separation of the Fire Departments. Building Permits - +$85,000 Staff understands that there is some reluctance to increasing the building permit estimated revenues by $85,000 to $150,000. While staff believes that level is reasonable based on the developments in process, that amount can easily be reduced. With the proposed budget and debt levy adjustments, the estimated building permit revenue can be reduced by up to $48,000 and still leave the total property tax levy below the 2018 amount. 48