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s/�q yW�n ,yy <br />Ww��" P �AA&.✓'dd� �+n <br />S.tidf7h 'Fkd IS5 451-4291212 -/uYh 5 iJ JV-39 <br />Memorandum <br />Date: August 26, 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 have reviewed the preliminary budget for 2021 in light of the previous <br />discussions and incorporating new information. As you can see in the table, there are a <br />number of items that are still not finalized. <br />Budget Change <br />General Fund <br />Revenue <br />Change <br />General Fund <br />Expenditure <br />Change <br />Notes <br />Wage & Step Incr <br />(Union contract to be <br />negotiated) <br />—$22,700 <br />Included in <br />Council Misc <br />& depts <br />Local Government Aid <br />($.7,629) <br />Released Aug 3 <br />Fire Contract <br />—$10,000 <br />Finalize on 8/27 <br />Police Contract (based <br />formula adjustment)' <br />„ <br />i i I�,.0) <br />Final <br />Legal Expenses <br />$3,000 <br />Audit <br />$900 <br />LMCIT Insurance <br />$7,000 <br />Copier Lease <br />$ „ 500) <br />Water Tower Antenna <br />$3,000 <br />