2020 09-15 CC PACKET - Laserfiche WebLink

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CITY OF GEM LAKE, MN 42QO Otter Lame Road _ Gem Lake, Minnesota $5110 *-- - September 10,.2Q20 To: Mayor and :City Council From: Tbin Kelly,. Treasurer RE: 2021 Preliminary Property Tax Levy. State Statues require Cities -to certify their preliminary property tax levies by September 3&. this year. Once the -preliminar}► gioperty tax levy is approved -and certif ed to the County .Auditor, the .City can lower the leVy during the remaining budget process but cannotexceed the. certified preliminary levy.. ,Fair this reason, most Cities certify. a. preliminary levy using worst -case budget scenarios, which -Is. the case with the City's 2021 preliminaryproperty levy and budget. The 2021 preliminary property tax levy is proposed at.$55008, which :is.;a 6.83%A decrease from the 2020 certified preliminary property tax levy: The 2021 preliminary. Property* tax levy consists of a debt levy'of $89,941,00 (an ind.ease front 2020 preliminary debt.levy-af $9,106.00) and the general operating levy of $448,367.00 *(a decrease of-9.374% from the 2020 preliminary-tax:levy).. The following changes were made from'the 2020 adopted. budget as a basis for the.2021 proposed preliminary propeity tax levy: L Based on the *2015 Refunding. Bond schedule the debt levy for*2021 is: set for $80,876:.0.0..In addition: -in 2018, the City issued. bonds fog the impr6Vements on Scheuneman Road and the 2021 debt levyfor this issue.is $7,940. The two ofthese debt levies makes up the City'9 2N I debt levy of $8%941. 2.. Licenses and Perrhits decreased $3,450 for less building. activity.. 3. City Council contingency was left at $19,000.. 4. Police budget was increased 6% to S95,700. The City. of VAIite Beg Lake has not set their budget as of today. 5.. The. cost of fire services could increase-.1.60/h. to $25.,6$0,0.0. 6. .Building Inspections activity is -being decreased to .$37,779 for less buildi g activity but still includes the part -tine inspector to help with building activities that was included in the 20.19 and 2020 budget. 7. ioad Maintenance budget includes .$8,000 for trimming boulevard trees. 8. Salt/sand remEdIi. at $17,000 and snow plowing. contract decreased from $20,000 to $18,500. 9. Included a park -maintenance. -budget of $5,000 for maintaining park area ofthe Villas of Gem . Lake. 10. The 2021 budget does not include the $30;Q00 to construct a sidewalk/pathway along County Road B. I L The 2020 .budget. includes $25,000,00 fox. future. iaxprovements: Look-fowus on-tho World Wide Wcts:nt gemla.kemn.org