2010-09-08 CC Packet - Laserfiche WebLink

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�o� Introduction To � City Endosedkm the 2011 budget an prepared bvO�v Staff, in accordance wdh��dyCoum�|guidance. Ao you are avvmna.the nons� with Mayor, Council, and Staff input, numerous budget work sessions, and finally culminating in the provided document. Some of the initiatives and goals that were set forth during this budget process included maintaining the current level of city uan/ioem, enhancing the city's response to sidewalk snow removal, mitigating the overall increase in property taxes and maintaining efficient |eve|nnffundba|an0es. U|Unnate|y.the K4myorand (�ity��ownoi|balanced the 2U11 byuU||zingthe following revenue enhancements and expenditure red uotiono—incnaoning the general levy by $12.000. using $27,900 in fund be|anca, continuing cute to the city festival made in 2010, and fnee�mgemployee base salaries. General Fund ��udqet��ummmary Revenue Property Tax rFmx Levy): The property tax levy as proposed is projected to increase from $2,231.700 in 2010 to $2,268,800 in 2011 or by 1.7%. This increase is attributed tnesmall general levy increase of 312,000 and an additional $25.000 in debt service levy. The components uf the 2O11 levy are chronicled be|nvv� amma/L^�wm�m� $1,739,$1,739,600 �wvao^ouLo,v $123,000 mmmAo"m/L°m' $77,700 mmr*aonxLr'y $176,500 00 Bond Levy $150,000 Total Assessments: The C�yis projecting no change in this revenue classification and in budgeting B25.ODO for 2O11. Licenses and Fee: The {�ity|m projecting d �cting�omm|| increase revenue 96 for 2O11 and inbudgeting $3O,4DOura2 increase hnmthe 2Q1O budgeted amount. Fines and Forfeits: The City iupr�aotimg nonhanQe[ntbianawenuec|aosdinotiunandia budgeting $33,5U0 for 2011. Building Inspection (Permits): The City is projecting a decrease in this revenue classification during 2011 and is budgeting $79.000 or 1696 decrease from the 2010 amended budget amount. Interest Earnings The City is projecting interest earnings to remain stable in 2011 and budgeted $30,000. Recycling (Score Funds) The City receives reimbursement in the form of SCORE funds from Anoka County for all related nmoyo|inQ activities. This o|smo|f|maUnns revenue is projected to remain stable at$16.5OO for 2011.