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<br /> <br /> STAFF REPORT <br /> <br /> <br />TO: Mayor Fischer and Members of City Council <br /> <br />FROM: Sam Magureanu, Finance Director <br />REVIEWED BY: Chris Heineman, City Administrator <br /> <br />DATE: September 11, 2024, City Council Meeting <br /> <br />RE: 2025 Preliminary Levy <br /> <br />ACTIONS TO BE CONSIDERED: <br />The Council is asked to consider motions to approve the 2025 preliminary levy, set a date and time for <br />the budget hearing, and set the bonded debt tax levy at zero. <br /> <br />BACKGROUND: <br />The City of Little Canada is required to establish a preliminary levy by September 30 th. The preliminary <br />levy may be decreased before the final adoption in December, but it may not be increased. <br /> <br />A preliminary levy and general fund budget in more detail was presented at City Council workshops on <br />August 14th, August 28th, and September 11th. <br /> <br />2025 Proposed Levy: <br />The City Council reviewed last the preliminary budget and operating levy for 2025 at the budget <br />workshop held on September 11th, 2024. At the workshop, staff presented a proposed increase to the <br />operating levy of $434,899 which represents an increase of 9.51% over the adopted 2024 budget. <br /> <br />Fund 2024 Certified Levy 2025 Levy $ Change % Change <br />General Fund $4,150,784 $4,545,683 $394,899 9.51% <br />General Capital Fund 100,000 130,000 30,000 30.00% <br />Fire Equipment Fund 160,000 130,000 (30,000)-18.75% <br />Infrastructure Fund 160,000 200,000 40,000 25.00% <br />Total $4,570,784 $5,005,683 $434,899 9.51% <br />2025 Final Gross Levy Compared with 2024 <br /> <br /> <br />The primary impacts for the proposed levy increase of 9.51% can be attributed primarily to: <br /> Contracted Police Services with the Ramsey County Sheriff’s Office (RCSO) <br /> Fire Services <br /> Personnel Services <br /> Attorney Services <br /> 2.5% additional levy per City policy <br /> Contracted services for Projects/Facility Management