2019 Adpted Budget - Laserfiche WebLink

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City Council Members, Citizens and Others: If is my privilege to present the 2019 budget for the City of Gem Lake. This budget, as adopted by the City Council identifies how the City resources will be spent in 2019- This budget is the Citys financial management plan and has been designed to be responsive to public service demands and for carrying out services over the coming year. The 2019 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 budgetin 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 include& expenditures to funds to hire a building/development inspector to ensure city codes are followed. Also for 2019, the City has included increases to both the police. and fire budgets and a contingency budget of $10,000. $301250 is: budgeted for the construction of a sidewalk or pathway along County Road E for pedestrian safety. The ice and. Snow Removal budget was increased to reflect past expenditure levels. Finally, $20,000 is being budgeted to fund future capital projects in the City. On the revenue side, the largest revenue source is property taxes; which make up almost 84.1 % of total revenues for the City. The 2419 property tax levy is increased 7.24% and the City's tax capacity also increase 3.4%, which results in a tax rate of 39.614% compared to 39.335% in 2018.. Based on this most residents would. see an increase in their City property tax bills from 2018 to 2019. As 2019 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: Noy sincere thanks are extended document: to the City Council for their time and effort in the preparation of this. Respectfully, Tom Kelly City Treasurer