2020 11-17 CC PACKET - Laserfiche WebLink

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y' CITYOF GEM LAKE, MN -4200 Other Lake Road Lein Lake,:Minnesota 55110 Date: November 17,200 To: Mayor and City -Council Members. From: Tom Kelly, City Treasurer RE:. Proposed 2021 Budget and Property Tax Levy. The City.Council is asked to approve (pass) Resolption 2020-16, Adopting the Final..20ZI t ieneral* Fund Budget and -Property Tax Levy. The 2021 Budget is proposed at.$492,385, which-is,a 4.4.1% decrease from the 2020.BudgeL Major or large changes from the 2.020 Budgetto the; 2021 Budget are as follows: • Elections budget decreased. $125 based on past expenditures for supplies and legal notices. • The Planning & Zoning budget. decreased $3,750 due to the City'$ Comprehensive Plan update being completed. • Heritage Hall budget increased $1,900 to reflect maintenance contract. • The Police budget was increased to $85,7,00 compared to $80,835 in 202014sed on the contract with the City of White Bear Lake. •. The City's fire contract with the City of White Bear Lake was increased 1:6 41P 25,650. • Building Inspections was decreased $2,300 based on no new property developments, but does include the addition of a part-fime inspector`for-code enforcement activities, which adds `$141.579 to. -this activity. • Road maintenance budget includes $1.1,600 to sealcoat.City streetsAn 2021; however this is partially offset by a reduction of $7;000 to the tree trimming budget: • The Ice and Snow Removal budget was decreased $2,000 to reflect past expenditure levels. • Eliminated the budgeted $3 0,000 for setting funds aside to construct a sidewalk or path alone County Road E in the future. • Continues to budget $25,000 to help fund future: improvement projects. • Building- permit revenues decreased $2,000 to $8,000 as consouction in the Villa's development is completed. V The C.ity.'s fiscal disparities revenuc is projeoted to increase 1.1.91% to $14;735. • Based on the proposed.2021 okpenditures.and other revenues, to* maintain a balanced budget the62021 property tax levy -is proposed.10 .decrease 1.23% to 4450-535, • The Or Debt Levy is based on the bond payments doer in 2021, The Debt Levy is being increased $10,231. to $89.,941. Based: on -the changes listed above the City's proposed 2021 property tax levy would.$535,476, which. consists: of the following: General Fund levy 3433,305 Fiscal. Disparities 12.230 Total General Fund Levy 445,535 Look for us on the WorI&Wide Web at genilakenin.org