Agenda Packets - 1996/09/03 - Laserfiche WebLink

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COW OF eie411111iDe Phone: (612) 784-3055 fl /1 Fax: (612) 7843462 Afr S ogress • PartnerS�� TO: Honorable Mayor Linke and Members of the City Council FROM: Bruce A. Kessel, Finance Director DATE: August 29, 1996 Attached are summary schedules relating to the 1997 Preliminary Budget. As you will note on the first page,the preliminary budget is 8.73%higher than the 1996 budget. Staff is still reviewing numerous operating and capital items for 1997, as well as existing reserves and estimated future revenues, operations and capital requirements, and anticipates additional changes which should lower the 1997 property tax levy. The following is a brief discussion of the attachments; please not that the attachments have a description in the lower right hand corner which will be used to reference them. • GF Projections is a summary of the property tax supported budgets (General Fund and Fire Station Bond Fund). The information is presented at the Division level, with operating and capital expenditures separated into different sections; this separation should • assist in planning since operating expenditures should increase moderately unless there is a change in the level of service, while capital items could fluctuate substantially depending upon the needs of the City, especially as it relates to streets and infrastructure. • GF Revenues is a projection of general fund revenues, with the exception of property taxes which will be determined at a later date. • GF Exp Sum is of the General Fund expenditures at the program level. • GF Admin, GF CD Park, and GF PS PW provides information at the object level for all of the existing programs. Two additional levels of detail are also available: the first provides the line items that make up the various objects and the second level provides detail relating to the items that comprise each line item. This information is approximately 5 inches thick. It is available for review in City Hall or we can copy any or all of the detail for you at your request. • Other Funds and Special Rev provide detail on most of the City's other Funds. For several of the funds, we are in the process of obtaining and analyzing data for projecting future activity and as such, they will be revised in the near future. • Capital LTP is a summary of the Long Term Financial Plan. The first column has a designated funding source which is summarized at the bottom. Again, we are in the process of reviewing this in relation to existing reserves, additional future projects, etc. and expect it to be revised in the near future. • Updated Long Term Financial Plan detailed schedules have also been attached. • We recognize that in the past, you have received budget information earlier than this year, and appreciate your patience with us as we obtain a better understanding of the City's operations and IPS SMINTED WITH OYINK 2401 Highway 10• Mounds View, MN 55112-1499 '•o SOYINK TM Equal Opprotunity Employer ��yaea