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515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(651) 766 -4029 / FAX: (651) 766 -4048 <br />www.ci.little- canada.mn us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: December 13, 2013 <br />RE: 2014 Budget <br />MAYOR <br />Bill Blesener <br />COUNCIL <br />Rick Montour <br />John Keis <br />Michael McGraw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />At Wednesday's meeting, we need to approve the 2014 Budget. This budget is a 3% <br />increase in our gross levy. With fiscal disparities, the net levy drops to 1.84% over 2013. <br />The tax rate increases from 30.998% to 31.299% representing a .97% increase. <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 2014 Property 'fax Levies <br />General Fund - $2,435,573 <br />Debt Service - $ 81,520 <br />Fire Equipment Fund $ 120,091 <br />Infrastructure Fund - $ 157,200 <br />Total Levy - $ $2794,3 4 <br />• Approve the 2014 Capital Improvement Program <br />• Approve 2014 Bonded Indebtedness 'Fax Levy Reduction (0.0 2008A Bonds - <br />$20,996.78) <br />• Adopt the 2014 Salary Scales <br />• Approve 2013 Budget Amendments for Fund #470 (TIF 6 -1) and the <br />Owasso /Woodlyn Redevelopment Fund #474 (copy attached). These <br />amendments will reflect the development activity in TIF 6 -1 and our acquisition <br />of the Donovan Parcel for Owasso /Woodlyn. <br />The Budget document is part of the agenda packet. Should you have comments or <br />questions, please let me know. <br />2 <br />