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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-canadaann.us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: December 12, 2014 <br />RE: 2015 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 Monday's meeting we need to approve the 2015 Budget. This budget is a 3% increase in our <br />gross levy (reduced from the 3.5% increase that we approved in September). With fiscal <br />disparities, the net levy drops to 2.64% over 2014. The tax rate decreases from 31.299% to <br />30.675% representing a 1.99% decrease. <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 2015 Property Tax Levies <br />General Fund $2,593,856 <br />Fire Equipment Fund $127,295 <br />Infrastructure Fund $157,200 <br />GROSS TAX LEVY $2,878,351 <br />Approve the 2015 Capital Improvement Program <br />Approve 2015 Bonded Indebtedness Tax Levy Reduction of $207,476.78 <br />GO 2008A Bonds $22,939.28 <br />GO 2014A Bonds $184,537.50 <br />Adopt the 2015 Salary Scales <br />The Budget document is part of the agenda packet. Should you have comments or questions, <br />please let me know. <br />2 <br />