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REQUEST FOR COUNCIL ACTION z 3 Date: g11012007 4 Item No: 9,a.1 � D�iar�ment Approval: ��,�� r Manager Approved: „ � ��e� Description: Adopt the 2008 Preliminary Tax Levy and Budget 10 11 1� I� 1� 15 l C� I" I� 1� �� �I� — ..,., �� 23 �. �; �� Agenda Section: �lyill-J��.��r�k Introduction State Statute requires all cities in excess of 2,500 in population, to adopt a preliminary tax levy and budget by September L�'� for the upcoming fiscal year. The preliminary levy is certified to the County, whom in turn uses the information to prepare truth-in-taxation notices which are mailed to individual property owners. Once the preliminar� levy is_adopted it can be lowered; but not increased. The Final 2008 levy and budget are scheduled to be adopted in December. The City Manager Recommended Budget was delivered to the Council on August 20,2007. The supporting memo for that budget is included below. Exce�pt f�am the City Manager Recommended Budget – August 20, 2007 Mayor Klausing � City Council: �{� Enclosed is my recommended budget for Fiscal Year 2008. This budget has been prepared �� following requests by departments for proper �unding of operations and capital outlay, and ?�i reflects staffs understanding of City Council and community priorities, based upon the Imagine �{� Roseville 2025 visioning process. 3U ;1 � �, 33 ..a� �� --�;3 �5 The process for preparation of the budget follows City Council action to review and adopt financial and budgetary policies and the establishmentof a calendarto guide budget preparation and review process. Based upon those guiding principles, the budget attempts to achieve a number of goals, and they are addressed in priority of importance, consistent with the goals and strategies of the visioning process: ?� 1� Make progress towards compliance of all Council-adoptedfiscal and budget policies 3� 2� Strengthen the City's asset replacement fi�ndi�ag mechanisms a� 3) Appropriate monies for safety-related and OSHA-required equipment purchases �ii 4 Ensure the preservation of current programs and services at existing levels � l 5� Imagine Roseville 2025 Initiatives �? �a � Each of these budget priorities is explained in greater detail below. Bear in mind that this � focuses only on the City's proweriy tax-supported prQ.�rarras. We have identified the approximate � 5 tax impact from each of these budget issues. It is expected that all fee-based or user c�ar�e- ��i based programs will be sufficiently funded with fee or rate increases.