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k't <br />MEQUEST FOR COUNCIL ACTION <br />Date: 10/24/11 <br />Item No. 7.k <br />City Manager Approval <br />Item Description: Receive Information Regarding Various Budget-Related Initiatives <br />BACKGROUND <br />At a previous Council meeting, a resident asked if the City could provide a summary of the financial <br />impacts from various budget-related initiatives that were being contemplated. The Council subsequently <br />directed Staff to prepare that summary. <br />Attachment A provides a 2012 Budget Fact Sheet. It depicts the ESTIMATED financial impact on varying <br />home values based on the 2012 preliminary tax levy, proposed utility rate increases, and debt service <br />impacts from the proposed bond financing for a new fire station and various park improvements. <br />POLICY OBJECTIVE <br />Not applicable. <br />FINANCIAL IMPACTS <br />See attached. <br />STAFF RECOMMENDATION <br />Not applicable. <br />REQUESTED COUNCIL ACTION <br />For information purposes only. No formal action is required. <br />Prepared, by: Chris Miller, Finance Director <br />Attachments: A: 2012 Budget Fact Sheet <br />Page I of I <br />