08/15/2007 Council Packet - Laserfiche WebLink

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• • • Memorandum To: Mayor and Council Members From: Al Rolek Date: August 15, 2007 Re: 2008 Proposed Budget Transmitted herewith for your review is the proposed 2008 Budget. The budget work session is scheduled for Monday, August 22, 2007, at 4:00 p.m. Staff s goals in preparing the budget were to maintain current service levels to our citizens, ensure each department has adequate resources to perform their functions, provide resources for maintaining local streets and storm drainage, provide for the replacement of worn equipment, complete the update of the comprehensive plan and provide a small contingency for unforeseen circumstances that may arise throughout the year while maintaining a level tax rate. Staff takes seriously its responsibility to present a budget that represents the needs of the community and is fiscally responsible to our taxpayers. Several factors were considered and included in the proposed budget. Three new staff positions are included in the proposed budget. A patrol officer is added to the complement of police officers. In addition, as envisioned in the City's 5 -year financial plan, City Engineer and Assistant positions are added as a beginning to building an in- house engineering department. This initiative is expected to provide quality services while being budget sensitive and saving on future engineering costs. The budget proposed for 2008 continues the capital equipment replacement program and continues the phase out of the use of certificates of indebtedness. This will save significant dollars in finance charges in the future. Also budgeted are resources to replace aging and worn office equipment and technology in the near future. The proposed budget includes resources to continue to fully fund the maintenance portion of the adopted Pavement Management Plan in 2008. Continuing and building on our initiative in 2007, $140,000 is budgeted in 2008 for maintenance of the city's storm