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Request for HRA Action Date: 06-21-11 Item No: 9.a. Director Approval: Agenda Section: Action Description: 2012 RHRA Budget (HF0095) Requested Action: The RHRA should review the budget prepared by staff and reviewed by the RHRA Finance Subcommittee and make a recommendation to the City Council regarding the 2012 budget and RHRA levy. Budget Process: Per State Statute 469.033, subdivision 6, the HRA must each year formulate and file a budget in accordance with the budget procedure of the City in the same manner as required of executive departments of the City. To request an HRA levy, the RHRA must adopt a resolution and budget and present it to the City Council in August. Assuming approval, it will then be included within the City budget and levy request that is submitted to the County in September. The City Council holds hearings on all elements of the budget including any proposed HRA levy with eventual adoption of RHRA budget in December 2011. 2012 RHRA Budget Details As part of preparing the 2012 RHRA budget, staff has used the 2011 budget along with discussion from the RHRA Finance Subcommittee. According to Chris Miller, City Finance Director, the maximum levy that the RHRA can impose in 2012 is $726,800. The proposed 2012 levy is the same as last year; $353,500 or approximately 48% of the possible levy in order to keep the same programming in place for 2012. The draft 2012 budget shows a carryover amount of $75,000. This carry over is due to unexpended dollars for the Living Smarter in Roseville marketing ($10,000); unexpended dollars for the “Live Work Loan Program” ($35,000); as well as other unexpended funds (budgeted personnel costs, and reserve/contingency fund). The 2012 budget request, as with past budgets, continues to be based on the RHRA Strategic Plan and the Roseville Comprehensive Plan. 2012 RHRA Budget and Levy - Page 1 of 3