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CITY OF GEM LAKE., MN 4200 Otter Lake Road Gem Lake; Minnesota 55110 City Council Members, Citizens and Others: It is my privilege to present the 2017 budget for the City of Gem Lake. This budget, as adopted by the CityCouncil identifies how the City resources will be spent in 2017. This budget is the City's financial management. plan and. has. been designed to be responsive to public service demands and for carrying out services over the coming year. The 20.17 budget is the result of sound financial management, and affords some protection for the future operation. of the City: It is the. City'.s intent to submit and manage the budget in the most open and straightforward manner possible, which will allow consistent. and careful management of all. resources. The City continually faces many challenges wbich draw upon the resources and value judgments of all of us. The City budget focus has been to maintain services provided and existing infrastructure. Public. safety remains a priority for the City and this budget includes expenditures for increased patrols .and lave enforcement. Also for 2017 the City has included in the. budget $13,500 for updating and. filing the City's MS4.Report (storm water management plan) to the State and $63;000 to begin the update to the City's Comprehensive Plan. The Ice and. Snow Removal budget. was decreased to reflect past expenditure levels. On the revenue side the largest revenue source is property taxes which make up almost 86.5% of total revenues. for the City. The City in the past used reserves to help fund General Fund operations and maintain the lowest possible tax levy. In 2016, $80,000 of reserves were used for this purpose. For 2017 there are no reserves available.to fund 2017 operations and. reduce the property tax levy. The 2017 property tax levy is increased 48.9% and the City's tax capacity also increase.7.6%0, which results in a tax rate of4l.143% compared to 29.524% in 2016. Based on this:mast residents would see an increase in their City property tax bills from 2016 to 2017,. As 2017 unfolds, the City is well positioned to meet current and future challenges through sound fiscal management. It is our Hope this budget will meet the expectations.. and need of Gem Lake residents. My sincere thanks are extended to the City Council for their time and effort in the preparation of this document. Respectfully, Tam Kelly City Treasurer