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MINUTES <br />CITY COUNCIL <br />SEPTEMBER 10, 2012 <br />City staff has prepared some additional levy scenarios. The Council <br />reviewed these various scenarios which reduce General Fund reliance on <br />LGA, and increase funding of the Capital Improvement Fund. The <br />Administrator pointed out the City's capital improvement needs and the <br />fact that previous funding sources for the Capital Improvement Fund, such <br />as interest earnings, 10% Fund revenues, etc. have decreased in recent <br />years. The Council discussing focused on the scenario that proposed a <br />1.97% Gross Levy increase which would provide for a phased -in approach <br />in reducing reliance on LGA, yet providing additional dollars for capital <br />expenditures. The Council also discussed the fact that the Preliminary <br />2013 Budget certified to the County in September cannot be increased <br />when the Final Budget is adopted. Certifying a 1.97% increase will result <br />in an additional $30,000 in property tax support. The Council discussed <br />its intention to work over the next few months to fine -tune the budget with <br />the hopes of lowering the final levy. <br />The City Administrator reported that the Preliminary 2013 Budget will be <br />presented to the Council at its September 12th meeting for adoption. The <br />Council will have additional discussion relative to the gross levy increase <br />at that time. <br />There being no further business, the workshop meeting was adjourned at <br />7:28 p.m. <br />anson, City Administrator <br />6 <br />