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2018-11-28 CC Packet
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2018-11-28 CC Packet
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11/28/2018 8:10:18 AM
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r <br /> 1,110M ,C ;ld..,M✓�so3s <br /> ": .�eaGBiS a a9 Au4."'�✓' 6-51-429-3232,,r�c51a9-scz9 <br /> Memorandum <br /> Date: November 28, 2018 <br /> To: Honorable Mayor and City Council Members <br /> Through: Mark R. Statz, City Administrator/City Engineer <br /> From: Bruce DeJong, Finance Director <br /> Item: 2019 General Fund Budget and Tax Levy Adoption <br /> City staff has discussed the General Fund budget for 2019 with the City Council since <br /> July. With the advice of City Council members, we have made many changes to the <br /> preliminary draft. We last discussed the budget and tax levy on November 14, at which <br /> several significant decisions were made. Those changes to the budget will be highlighted <br /> in detail in the following sections along with other significant changes (>=$5,000)from <br /> the 2018 budget. <br /> General Fund Revenues <br /> Property Taxes - $22,822 <br /> The property tax levy was raised by this amount to balance the budget and allow for an <br /> additional part-time administrative employee. <br /> Fire Aid—($113,800) <br /> The revenues have been split between Centerville and Lino Lakes. The amount that we <br /> are scheduled to receive is exactly the difference between the previous total aid and the <br /> amount directed to Lino Lakes after the separation of the Fire Departments. <br /> Building Permits - +$85,000 <br /> Staff understands that there is some reluctance to increasing the building permit estimated <br /> revenues by $85,000 to $150,000. While staff believes that level is reasonable based on <br /> the developments in process, that amount can easily be reduced. With the proposed <br /> budget and debt levy adjustments, the estimated building permit revenue can be reduced <br /> by up to $48,000 and still leave the total property tax levy below the 2018 amount. <br /> 48 <br />
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