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• $36,000 -Temporary/seasonal wages <br />• $37,000 -Supplies & materials <br />•3 $35,870 -contract maintenance, professional services, telephone, etc. <br />As noted above, the net increase in new spending for 2011 is $513,355. <br />Tax Levy Impact <br />In addition to a preliminary net spending increase of $513,355, the City also expects to realize reduced <br />revenues in the amount of $243,660. This includes reductions in interest earnings, fire state aid, court fines, <br />and additional loss of market value homestead credit. As a result, the 2011 required tax levy would be <br />$15,039,419; an increase of $757,015 ($513,355 + $243,660) or 5.3%. The proposed levy increase is <br />within the City's projected 2011 levy limits. <br />For amedian-valued home of $223,900 that experiences a projected 5% decline in assessed market value, <br />the 2011 city taxes will be $640, an annual increase of $24 or $2 per month. In exchange, residents will <br />receive round-the-clock police and fire protection, well-maintained streets and parks, and continued <br />emphasis on enforcement of the City's Housing Code. In addition, a larger investment will be made to <br />replace the City's aging infrastructure. Finally, the City will take the responsible measure of setting aside <br />monies for the potential infestation of the Emerald Ash Borer or other contingencies. <br />POLICY OBJECTIVE <br />Establishing a budget process that aligns resources with desired outcomes is consistent with governmental <br />best practices, provides greater transparency of program costs, and ensures that budget dollars are allocated <br />in the manner that creates the greatest value. <br />FINANCIAL IMPACTS <br />See above. <br />STAFF RECOMMENDATION <br />Staff recommends that the Council continue evaluating the program rankings and consider the 2011 <br />preliminary, not-to-exceed tax levy and budget. <br />REQUESTED COUNCIL ACTION <br />Conduct a preliminary ranking of budget programs and review them at the Council meeting. <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: 2011 City Council Program rankings <br />B: Ranking methodology <br />C: Program descriptions <br />