Laserfiche WebLink
21 and EDA budget is $73,860,701. Attachment 4 shows the budget summary and details by <br />22 division/department. To help reconcile the changes to the budget, Attachments 5 and 6 show the <br />23 changes between the 2024 and 2025 budgets; both increases and decreases. <br />24 <br />25 Market valuation data from Ramsey County is not yet available, so the estimated levy impact on a <br />26 median-valued home cannot be calculated at this point in time. This information will be included in the <br />27 council packet on September 23, 2024. The market valuation data is supposed to be released to cities <br />28 on August 27, 2024. <br />29 <br />30 Policy Objectives <br />31 The submittal of the City Manager Recommended Budget is required under Mn State Statute 412.701 <br />32 and serves as a means of guiding subsequent budget discusssions as well as communication with <br />33 citizens and other stakeholders. <br />34 <br />35 Equity Impact Summary <br />36 One of the budget organizational priorities identified by the City Manager and Department Heads <br />37 centered around Equity and Inclusion. This budget, like past budgets, provides funding for a variety of <br />38 equity initiatives. <br />39 <br />40 Budget Implications <br />41 See above and attached information <br />42 <br />43 Staff Recommendations <br />44 For information purposes only. <br />45 <br />46 Requested Council Action <br />47 For information purposes only. No formal Council action is requested, however the Council is asked to <br />48 provide comment and direction in advance of the preparation of the Preliminary Budget and Tax Levy <br />49 adoption scheduled for September 23, 2024. <br />50 <br />51 <br />Michelle Pietrick, Finance Director <br />Prepared by: <br />1. City Manager 2025 Budget Memo <br />Attachments: <br />2. 2025 Budget Presentation <br />3. Citywide Budget By Fund, with EDA <br />4. Budget Summary and Detail By Function <br />5. Reconciliation of Revenue Changes - 2025 versus 2024 <br />6. Reconciliation of Expenditure Changes -2025 versus 2024 <br />7. Capital Improvement Plan 2025-2044 <br />52 <br />Page 2 of 2 <br />Qbhf!222!pg!417 <br /> <br />