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RE�UE5T F01�2 COUNCIL ACTTCEN Date: 3/10/2007 Itezx� No: Department Approval: Manager Approved: Agenda Sectian: �� "� `�� aff Reports Ite�an Descrip�io�: Ado�t �he 2008 Pxelimi�ary Tax Levy and Budget Intradnc�ion S�ate Siatul:e requires aII cities in excess of 2,560 in pop�iation, to adopt a prelizni�ary tax Ievy and bud�e� by Septsml�er I S`�' iror the upcozning fiscal year. The preliminary levy is certified to tkze Ca�znty, wl�om in t�zrn uses tk�e in�ormation to prepare tr�.th-i�.-taxatian no�ices which are inailed to individ�al property ow��ers. Once the relirninar Ie� is ado ted it can be lowered but not i�creased. The r�na� 2008 �evy and b�dget a�-e sched�led to be adopted in Decez�b�r. The City Manager Reeommendeci Budget was d�liver�d to the Council on August 20, 2007. The supporting merno for that b�dget is incl�dec� below. Excer^pt f�^om the City Manage� Reconzfnended Budget -� Augu�t 20, 2007 Mayor Klausing & City Council: �nclosed is t�ry recor�zz�:ended budget fflr Fiscal Year Z�OS. This budget has beei3 prepared following requests b� departrr�ents far prop�r furid'zr�g o�nperations ar�d capital outlay, az�d re�ects �taf�'s u�de�'stai��ing of Gity Council and com�nuz�ity priorities, based upon the Irnagine Rosevilie 2Q25 visianing process. The process for p�reparatioz� of the budget follows City Council actio� to review and adopt financial and budge�ary policies and the est�.l�lishment o� a calendar to gui�e b�dget prepara�io� and review process. Based �pan those guitling principl�s, the budgei attempts to achieve a number o� gnals, and they aare addressed i� priority o£ impartance, consistent wiih tl�e goals and strategies a��he visioning process; 1) Ma�ce pro�z�ess �or�ards complxance of all Council-adaptec� �scai ancl b�dget policies 2) Strengthen ihe City's asset replacement funding mechanisms 3) Appropria�e manies for safety-related and �S�-�A-req�ixed equipme�t purcl�ases 4) Ensttre ihe pres�rvatia�� of ctu�'ent pro�;rams and services at existing levels S} Imagzne Roseville 2025 Initiatives Each af these bud�ei patiarities is explained �n greater detail �elovv. Bear in mind that t�is �`ac�ses only on the City's ro �rt iax-su orted rd rams. We h�ve �dentified the approximate tax �rrzpact �rom each of these b�►dget issues. I� is e�pected tl�at all fee-based or user charge- based �rograms �vzll he suf�cie�tly f€.uzded �rzih �ee or rate i�creases.