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CITY COUNCIL <br />WORK SESSION STAFF REPORT <br />ITEM NO. 3 <br />STAFF ORIGINATOR: Hannah Lynch, Finance Director <br />WORK SESSION DATE: November 6, 2023 <br />TOPIC: 2024 Budget and Tax Levy <br />______________________________________________________________________________ <br />BACKGROUND <br />The City Council adopted the 2023/2024 preliminary tax levy on September 25, 2023 in the <br />amount of $14,120,928. There have been no changes to the tax levy or tax capacity since <br />preliminary adoption. <br />Staff updated personal services budgets for the following: <br />•Wage and benefit assumptions for previously vacant positions <br />•Health and dental insurance premiums resulting from renewals <br />•Compensation Plan for Paid On-Call Fire Personnel <br />As a result of the personal services updates mentioned above, the general fund contingency <br />budget adjustment decreased from $25,000 to $5,489. Other than what has been outlined, <br />there have been no additional changes to the budget since preliminary adoption. <br />At the October 2, 2023 City Council Work Session, Staff was directed to prepare information on <br />Public Safety Department staffing. That information is attached in the Public Safety Department <br />Staffing Memo. No changes have been made to the budget as it relates to the memo. <br />The final tax levy may be decreased, but cannot be raised when it is adopted in December. <br />REQUESTED COUNCIL DIRECTION <br />Staff would like direction from the City Council on any changes to the 2024 Budget and Tax Levy <br />prior to the public hearing and final adoption on December 11, 2023. <br />ATTACHMENTS <br />2024 Budget and Tax Levy – Proposed Final <br />Public Safety Department Staffing Memo <br />205