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STAFF REPORT <br />TO:Mayor Keis and Members of City Council <br />FROM:Chris Heineman, City Administrator <br />Brenda Malinowski, Finance Director <br />DATE:August 25, 2021 City Council Workshop <br />RE:Discussion on 2022 General Fund Operating Budget and Levy <br />DISCUSSION: <br />The purpose of this workshop discussion is to review the 2022 General Fund Operating Budget <br />and 2022 Property Tax Levy. <br />BACKGROUND: <br />The budget document is a planning and management tool for implementing the community's <br />vision, the City Council's strategic plan, and to ensure the ongoing provision of consistent and <br />cost- effective public services. <br />While the primary purpose of this workshop will be to focus on the General Fund as the city’s <br />chief operating budget, it is also helpful to understand how other funds that will be utilized for <br />proposed improvements over the next few years. These funds are as follows: <br />General Capital Improvements Fund (400): This fund has been funded in the recent past with <br />Local Government Aid (LGA) and periodic transfers from the General Fund. Park improvement <br />projects, public works equipment, small fire equipment, and computers, and building <br />improvements are funded from this fund. <br />Infrastructure Capital Improvements Fund (450): This fund is funded with a portion of the <br />property tax levy, franchise fees for electric and gas, and special assessments from street <br />projects. Expenditures in this fund are street projects, storm water improvements, and trail <br />improvements. <br />Fire Equipment Fund (457): An annual property tax levy also funds this fund. In addition, <br />donations from the LCFD are added to this fund. Fire equipment vehicles are funded through <br />this fund. It is anticipated that there will be $1,410,330 in this fund as of 12/31/2021. This is <br />enough to fund the aerial truck that will be purchased in 2022 and is budgeted at $1,352,000.