2016 Adopted Budget - Laserfiche WebLink

Home

CITY OF GENE LAKE, MN � 4200 Otter Lake Road Gets Lake, Minnesota 551.I0 — City Council Members, Citizens and Others. It is my privilege to present the 201.E budget for the City of Gem Lake, This budget, as adopted by the City Council identifies how the City resources will be spent.in 2016. 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 corning year. The 2016 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 which 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 law enforcement. Also for.2016 the City has included .in the budget $13,000 for updating and filing the City's MS4 Report (storm water management. plan) to the State.. The Ice and Snow Removal .budget was increased to reflect past expenditure levels. Also included in the 2016 budget are funds for the City to extend water service to the :City's businessdistrict. On the revenue side the largest revenue source is property taxes which make up almost..8211/c of total revenues for the City. The City remains committed to maintaining the property tax levy Y Y g p p y y possible. To that end the. CitywilI. use reserves of $80,000 to fund General Fund operations in 2016. The 2016 property tax levy is increased 15.9% and the City's tax capacity also increase 11.3%, which results in a tax rate increase of 4..31 % to 29.524%. Based on this most residents would see an increase in their City property tax bills from 2015 to 2016, As 2016 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, Tom Kelly City Treasurer Look for us on the World Wide Web at gem la kern n.org