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Memorandum <br /> <br /> <br />Date: September 23, 2020 <br /> <br />To: Honorable Mayor and City Council Members <br /> <br />Through: Mark R. Statz, City Administrator/City Engineer <br /> <br />From: Bruce DeJong, Finance Director <br /> <br />Item: 2021 General Fund Budget and Property Tax Levy Discussion <br /> <br />City staff have updated the preliminary budget for 2021 in light of the previous <br />discussions and incorporating new information from the past two weeks. This solidifies <br />the preliminary budget line items and sets a maximum preliminary levy as shown in the <br />table below. <br />GeneralFundGeneralFund <br />BudgetChangeRevenueExpenditureNotes <br />ChangeChange <br />Wage&StepIncrIncludedin <br />(Unioncontracttobe~$22,700CouncilMisc <br />negotiated)&depts <br />LocalGovernmentAid($7,629)ReleasedAug3 <br />FireContract$572Finalizedon8/27 <br />PoliceContract(based <br />($11,400) <br />formulaadjustment) <br />LegalExpenses$3,000 <br />Audit$900 <br />LMCITInsurance$7,000 <br />CopierLease($2,500) <br /> <br />