2007-12-12 CC Packet - Laserfiche WebLink

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Fire Protection The 2008 budget amount of $107,000 from the Centennial Fire Department is reflected in the budget. This is an increase of 4.12%. The budget also includes $ 95,000 in pass through fire relief aid. Parks and Recreation The parks and recreation includes operating funds for the city's $8,000 contribution to the National Sports Center for the potential ice time financing gap. In addition to operating funds for the Parks and Recreation budget, $25,000 in funds are provided for debt service on the hidden spring park loan. Economic DeveloDment The economic development budget includes $6,500 for the EDA. City Festival The City Festival budget includes an estimated $17,000 appropriation from the City plus a proposed $3,000 pass-through donation from gambling funds. Transfers Out This line item includes a proposed $102,000 transfer to the 2004 Municipal Street Debt Service Fund to cover the City's portion of the street project obligation, $400 transfer for 2000 Street Assessments and $77,200 for lease payments on the Joint Police Station. In 2008, the city will call the GO Improvements Bonds of 2001 reducing debt by $600,000. CaDital Outlav Capital outlay in the amount of $148,000 is available in the 2008 proposed budget for capital needs such as election equipment, a copy machine, one vehicle replacement for public works, seal coating and a contribution to park & recreation. I wish to thank the City Administrator, Public Works Director, City staff, Anoka County staff and the City Council for their patience and help with the preparation of this budget. I am available to answer any questions you may have regarding the proposed budget or budget process. Thank you for your patience and understanding. Respectfully Submitted: Approved By: JonVI- W. Me!:jer Finance Director 'J)aLLas UfYSOVl- City Administrator