2013 Adopted Budget - Laserfiche WebLink

Home

City Council Members, Citizens and Others: It is my privilege to present the 2013 budget for the City of Gem Lake. Thisbudget, as adopted. by the City Council identifies how the City resources will be spent in 2013. 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 2013 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. The 2013 budget includes $45,000 to improve and maintain existing streets. Public safety remains a priority for the City and this budget includes expenditures. for increased.patrols and law enforcement. Another change beginning in 2013 is the contracting of election activities from Ramsey. County which will spread the election costs over a two year period, which is why the City.budgeted $6,450 for elections in 2013 when there are no local elections being held. On the revenue side the largest revenue source is property taxes which make tap almost 58% of total revenues for the City. The.City remains. committed to maintaining the property tax.levy possible. To that end the City will use reserves of $116,359 to fund all City funds of which $a0,465 is to fund General Fund operations in 2013. The 2013 property tax levy is decreased 6.58%; however the City's tax capacity continued to also decrease which results in a tax rate increase of 1.216% to 27.430%. Based on this the median value home in the City of Gem Lake would see its City property taxes decrease from $647,49 in 2012 to $625.68 in 2013. As 2013 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, Torre Kelly City Treasurer 2