Laserfiche WebLink
Meeting Date: December 4, 2017 <br />Type of Business: Work Session <br />Administrator Review: <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: 2018 Draft Municipal Budget <br />Attached is the 2018 Draft Municipal Budget. The City Council has reviewed various <br />portions of the municipal budget throughout the summer and fall and this is one last <br />opportunity before considering final approval at the December 11, 2017 City Council <br />meeting. <br />The City Council adopted a preliminary General Fund levy increase of $196,463 or 4.3%, <br />eliminated the street improvement levy of ($300,000) or (6.57%), adopted debt service <br />levies of $423,376 or 9.28% increase, and voters approved an additional police officer <br />which increased the General Fund levy by $85,200 or 1.86%. There was no increase in <br />the EDA levy. The total overall increase is 8.87% for the combined levies. Staff welcomes <br />any comments or questions. <br />Respectfully Submitted, <br />i L -2—r <br />Mark Beer 1-4 <br />