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WS –Item1 <br />WORK SESSION STAFF REPORT <br />Work Session Item 1 <br />Date: <br />December 2, 2013 <br />To: <br />City Council <br />From: <br />Al Rolek <br />Re: <br />Final Review of the 2014Proposed Budget <br />Background <br />Attached are summaries of the General Fund proposal, preliminary tax levy and the <br />estimated tax rate. No changes have been made to the budget since the preliminary levy <br />was approved in September.The 2013 General fund budget is proposed at $8,841,385. <br />The City Council approved the preliminary 2013 levy of $8,341,329on September 9 <br />which includes a $174,943 voter approved levy. This levy results in a preliminary tax rate <br />of 46.965, a slight increase from the current rate of 46.774. The preliminary levy is <br />$1,083,052 under the state imposed levy limit. Staff will presentthe final budget and <br />levy proposal at the public hearing to be held on December 9. <br />As part of the final 2014 budget discussion the Charter Commission has requested to <br />carry over the unexpended portion of the 2013 Charter budget into 2014.The outcome of <br />this discussion will be factored into the final 2014 budget. <br />Requested Council Direction <br />Following the review, staff requests Council consensus on a final budget to be presented <br />at the December 9public hearing. <br />Attachments <br />2014Proposed General Fund Budget summaries <br />Preliminary 2013/2014Tax levy <br />Estimated Tax Rate Calculation <br /> <br />