2010-09-28_PWETC_AgendaPacket - Laserfiche WebLink

Home

setting aside monies for the potential infestation of the Emerald Ash Borer and other contingencies. Recommended Budget The City Manager Recommended Budget for all city programs and services is $39,236,435; an increase of $1,532,476 or 4.0%. For those programs and services that are supported by property taxes the Recommended Budget is $18,931,869; an increase of $513,355 or 2.8%. A list of budget increases in the tax-supported programs is detailed in the previous section. Increases for the non-tax supported programs are primarily in the water and sewer programs, communications, and information tecluiology. All of these budget increases are expected to be funded by additional fees. The Council is reminded that unlike the preliminary levy which establishes a maximum level for 2011, the preliminary Budget is much more fluid. It can be increased or decreased to accommodate changing goals and objectives or as new information because available. POLICY OBJECTIVE Adopting a preliminary budget and tax levy is required under Mn State Statutes. FINANCIAL IMPACTS Based on the Staff recommendations noted above, the 2011 preliminary, not-to-exceed tax levy would be $15,039,419, an increase of $757,015 or 5.3%. With this increase, amedian-valued home would pay approximately $53 per month. This represents an increase of $2 per month. In exchange, residents receive 24x7x365 police and fire services, well maintained streets, and a full offerring of parks and recreation programs and facilities. $53 per month is comparable to the monthly cost for cable or satellite tv, telephone/mobile phone, gas, electric, and some broadband Internet service. STAFF RECOMMENDATION Staff Recommends the Council adopt the 2011 Tax Levy and Budget Levy as outlined in this report and in the attached resolutions. REQUESTED COUNCIL ACTION The Council is asked to take the following separate actions: a) Motion to approve the attached Resolution to adopt the 2011 Preliminary Tax Levy b) Motion to approve the attached Resolution to adopt the 2011 Preliminary Debt Levy c) Motion to approve the attached Resolution to adopt the 2011 Preliminary Budget Prepared by: Chris Miller, Finance Director Attachments: A: Resolution to adopt the 2011 Preliminary Tax Levy B: Resolution to adopt the 2011 Preliminary Debt Levy C: Resolution to adopt the 2011 Preliminary Budget D: 2011 City Council Tax-Supported Program rankings and Preliminary Budget E: 2011 City Council Other Program rankings and Preliminary Budget F: City Council Ranking Methodology G: Program Descriptions