2007 12-10 CCP - Laserfiche WebLink

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MEMORANDUM Date: December 7, 2007 To: City Council From: Jessie Hart Re: 2008 Proposed Budget and Property Tax Levy. With the help of Mayor Emeott and Council Member Schilling, I have put together a 2008 proposed budget and tax levy. included in this packet is the presentation that I will present at the meeting on Monday, December 10, 2007 at the Old Township Hall as well as detailed line item budgets of all funds.. While the proposed General Fund budget includes the property tax levy at the level certified in September, the General Fund is currently underfunded by approximately $55,000. The General Fund budget highlights are as follows: Revenues: • Property tax levy represents the non -debt amount certified in September of $395,355 • Building related revenues have been reduced significantly as a reflection of current market conditions. • Animal licenses are good for two -years and 2008 is the off year for this type of license. • Charges for services included a substantial reimbursement for engineering costs that is not anticipated in 2008. • Interest earnings and charitable gambling contributions have been kept relatively constant. Expenditures: City Council - • Includes a $10,000 contingency for unforeseen expenditures, such as grand -opening expenses for the new building. General Government - • Included in General Government is $5,000 for improvements/maintenance of the City's web site. • The VLAWMO costs have been eliminated as a direct result of the organization using a direct billing approach. Reduction of $6,500 from 2007. Financial Administration - • Includes an increase in auditing services (2/3 of cost in General Fund; 1/3 of the cost in Sewer Fund) based on audit proposals. • Accounting services have been reduced in anticipation of less reliance on Township staff.