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�yana0�da <br />515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 766-4029 / FAX: (651) 766-4048 <br />www.ci.little-canada.mn.us <br />MEMORANDUM <br />TO: Mayor Keis & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />Sharon Provos, Finance Director <br />DATE: November 5, 2015 <br />RE: 2016 Budget Update <br />Here is where things currently stand with the 2016 Budget: <br />General Fund: <br />MAYOR <br />John Keis <br />COUNCIL <br />Rick Montour <br />Michael McGraw <br />Tom Fischer <br />Christian Torkelson <br />ADMINISTRATOR <br />Joel R. Hanson <br />Since the last discussion on the 2016 Budget, staff has made implemented the following <br />revisions to this portion of the overall document: <br />1. Established a fund transfer from Recycling/Disposal Fund (#203) of $15,000 to offset <br />administrative expenses paid for in the General Fund. <br />.2. Increased Park Shelter rental fees by $2,500. <br />3. Reduced budget associated with hiring of new City Clerk by $9,800 associated given a <br />lower position on the salary scale. <br />4. Reduced Street Striping costs by $10,000. (That amount was added to the 2015 budget <br />given its strong position.) <br />5. Reduced Health Care Costs by $20,000 based on the renewal quote we just received this <br />week. <br />Currently, we project the 2015 General Fund operations surplus at $136,000. (Note: We did <br />transfer $191,925 of fund balance from the General Fund to other funds — mostly the General <br />Capital Improvement Fund. This will show as an expense in 2015 even though our process is to <br />reduce fund balance based upon past surpluses.) <br />Tax Levy: <br />As you will recall, our preliminary levy was certified at 4% Gross Levy Increase (4.7% net levy <br />increase). Based on the changes noted, the tax levy situation has improved. The gross levy is <br />