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09-14-2022 Workshop Packet
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09-14-2022 Workshop Packet
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9/21/2022 7:58:52 PM
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Ways to reduce levyFor each COLA rate adjustment decrease of .50%, the savings are approximately $9,000 in the General FundUtilize existing fund balance –At the End of 2021 Unassigned Fund Balance $2,629,475 or 59.75% of 2022 Budget. Projected 2022 Range 51.9% ‐54.02% (Policy between 42.5% and 65%) of next year’s budget. The Minnesota office of the State Auditor (OSA) recommends 35%‐50%.Implemented Revenue Policy change, levy amount from 97.5% to 98.5%. The change decreased preliminary levy by approximately 1% or $39,753.55.
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