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'ei lill rxro utmfn Saa�u,f��fr,v LF, ^,aaw ssrr3 tr <br />bd til➢/ftf c8 1 (u"v e,:r M>1429-vU1421) 8629 <br />Memorandum <br />Date: July 22, 2020 <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: 2021 General Fund Budget and Property Tax Levy Discussion <br />City staff are looking forward to further discussions regarding the General Fund budget <br />for 2021 with the City Council. We are updating the known changes to the budget. <br />These changes take the form of signed contracts or outside agency changes over which <br />the city has little or no control. The items of which we are aware are shown below with <br />their impact on the budget. <br />As you can see in the table, there are a number of items that are still not finalized. <br />General Fund <br />General Fund <br />Change from <br />Budget Change <br />Revenue <br />Expenditure <br />6/24 Meeting <br />Change <br />Change <br />Wage & Step Incr <br />In Council <br />(Union contract to be <br />—$20,000 <br />negotiated) <br />Miscellaneous <br />Local Government Aid <br />? <br />Announced in <br />August <br />Fire Contract <br />—$10,000 <br />Police Contract (based <br />on 2.9% incr & formula <br />—$0 <br />( ,000) <br />adj) <br />Legal Expenses <br />$3,000 <br />Audit <br />$900 <br />