Laserfiche WebLink
Attachment A <br />REQUEST FOR COUNCIL ACTION <br />Date: August 12, 2019 <br />Item No.: 7.g <br />Department Approval City Manager Approval <br />Item Description: Receive the 2020 City Manager Recommended Budget & Tax Levy <br />1 B ACKGROUND <br />2 At the April 8, 2019 City Council meeting, the Council established a general timeline for the 2020 budget <br />3 process including the following key dates: <br />4 <br />2020 Budget Process TimelineDate <br />Discussion on 2019-2020 City Council Priorities2/25/2019 <br />Discussion on Preliminary Cash Reserve Levels <br />3/18/2019 <br />Establish 2020 Budget Process Calendar4/8/2019 <br />Review General Budget & Legislative Impacts, Tax Base Changes7/15/2019 <br />Presentation of the 2020-2039 Capital Improvement Plan7/15/2019 <br />Discussion on City Council Budgetary Goals7/15/2019 <br />EDA Budget & Tax Levy Discussion7/15/2019 <br />Receive the 2020 City Manager Recommended Budget8/12/2019 <br />Receive Budget Recommendations from the Finance Commission9/16/2019 <br />Adopt Preliminary 2020 Budget, Tax Levy, & EDA Levy9/23/2019 <br />Review 2020 Proposed Utility Rates11/4/2019 <br />Review 2020 Fee Schedule \[** NOTE - Prelim. Discussion on 9/23/19\] <br />11/4/2019 <br />Final Budget Hearing (Truth-in-Taxation Hearing)11/25/2019 <br />Adopt Final 2020 EDA Tax Levy12/2/2019 <br />Adopt Final 2020 Budget, Tax Levy, Utility Rates, & Fee Schedule12/2/2019 <br />5 <br />6 <br />7 To date, the Council has received a number of budget information packages and has held several <br />8 discussions on city priorities, service levels, and the associated financial impact on residents. These <br />9 discussions and the resulting Council guidance have been incorporated into the 2020 City Manager <br />10 Recommended Budget & Tax Levy presented below. <br />11 <br />12 2020 City Manager Recommended Budget <br />13 The 2020 citywide Recommended Budget is $62,635,535, an increase of $7,128,395 or 12.8%. As part <br />14 of the overall budget, the City Manager is recommending a tax levy increase of $1,187,000 or 5.5% over <br />15 the current levy. The City Manager has prepared a separate memo with detailed information regarding <br />16 these proposed amounts. The memo is included in Attachment A, and is accompanied by a PowerPoint <br />17 presentation (see Attachment B). <br />18 <br />Page 1 of 2 <br /> <br />