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City essentially exchanging its HACA allocation for levy authority. As a result, the City's tax <br />levy will be going up substantially as compared with earlier years. However, the intent is that the <br />schools' share of the local levy will decrease by an amount which will more than offset the City's <br />increase. <br />The tax levy increase for 2002 of $243,613 is recommended (an increase in levy of 2.8 %). <br />Since the City has allocated its share of MSA for streets for current projects, we expect a <br />substantial decrease in actual receipts for 2002. This decrease accounts for the major portion of <br />the drop in intergovernmental revenues. <br />Investment income is up primarily due to the nature of how the City has implemented its use of <br />replacement and endowment funds. Higher fund balances provide for an overall increase in <br />interest income even though, rates are expected to be fairly steady. <br />Expenditures <br />Analysis of Expenditures by Major Category <br />Category <br />2001 Approved <br />Budget <br />2002 <br />Recommended <br />Budget <br />Dollar Increase <br />(Decrease) <br />Personal Services <br />919661294 <br />1016901612 <br />7241318 <br />Supplies <br />9601566 <br />9661218 <br />51652 <br />Services and Charges <br />1018711563 <br />1116091853 <br />7381290 <br />Capital Expense <br />511491415 <br />411251171 <br />(11024,244) <br />Tax Increment Pay- as -you- <br />Go <br />510001000 <br />610001000 <br />110001000 <br />Tax Increment Debt <br />Service <br />217991763 <br />211811395 <br />(618,368) <br />General Debt Service <br />2,951,452 <br />2,516,225 <br />(435,227) <br />I -6 <br />