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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Joel Hanson, City Administrator <br /> <br />DATE: December 18, 2015 <br /> <br />RE: 2016 Budget Adoption <br />At Tonight's meeting, we need to approve the 2016 Budget. This budget, after making a $30,000 <br />reduction in Parks & Recreation administrative costs, results in a 2.37% increase in our gross levy <br />(reduced from the 4.0% increase we certified on a preliminary basis back in September). With a <br />reduction in our fiscal disparities distribution, the net levy increases to 2.79% over 2015. <br />The tax rate decreases from 30.696% to 30.305% representing a 1.27% decrease. <br /> <br />Staff will conduct a budget hearing presentation as has been done in past years. At the <br />conclusion of the hearing, the City Council will need to consider the following actions: <br />• Certification of the 2015 Property Tax Levies <br />General Fund $2,654,298 Fire Equipment Fund $134,932 <br />Infrastructure Fund $157,200 <br />GROSS TAX LEVY $2,946,430 <br />• Approve the 2016 Capital Improvem ent Program <br />• Approve 2016 Bonded Indebtedne ss Tax Levy Reduction totaling <br />$201,780.53 <br /> GO 2008A Bonds $19,448.03 <br /> GO 2014A Bonds $182,332.50 <br />• Adopt the 2016 Salary Scales (previously submitted) <br /> <br /> <br /> <br />