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515 Little Canada Road. Little Canada, MN 551.17 -1600 <br />(651) 766 -4029 / FAX: (651) 766-4048 <br />www. ci.l i ttl e- canada. mn. us <br />MEMORANDUM. <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Shelly Rueckert, Accounting Supervisor <br />Joel Hanson, City Administrator <br />DATE: November 5, 2004 <br />RE: 2005 Budget <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Jim LaValle <br />Matt Anderson <br />Rick Montour <br />6111 Mesener <br />ADMINISTRATOR <br />Joel R. I- Ianson <br />Attached is an updated 2005 General Fund Budget. This budget document also includes <br />funds not previously discussed. These funds are as follows: <br />• Parks & Recreation Special Fund <br />• Little Canada Road Redevelopment <br />• Water <br />• Sewer <br />General Fund <br />Staff has reviewed the budget presented at the 9/8/04 workshop in order to fine tune the <br />details within the General Fund. This analysis has reduced the net levy requirement from <br />$1,865,688 to $1,864,775. The 2005 proposed net levy currently stands at a L65% <br />increase over the 2004 net levy ($30,348). <br />The revenues were increased by $15,341 and expenses were correspondingly increased <br />by $14,658 to result in a net reduction of $682. <br />The components of the revenue increases are as follows: <br />Fire Relief State Aid Insurance $13,391 <br />Parks & Recreation Field Maintenance Costs $ 2,000 <br />Items less than $500 (net) j,$5(2) <br />$15,341 <br />