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12-05-2016 TNT (2)
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12-05-2016 TNT (2)
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Last modified
1/28/2025 4:51:30 PM
Creation date
6/19/2018 12:16:04 PM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
12/5/2016
Supplemental fields
City Council Document Type
City Council Packets
Date
12/5/2016
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Budget Summary <br />2017 General Fund significant budget items <br />•The City proposes a 0.65% increase in General Fund spending which includes increases in operational spending of $82,569 and decrease in non-operational spending (debt service, capital outlay, transfers) of ($40,133) for an overall increase of $42,436. <br />•Estimated LGA in 2017 is $671,517, the City included 90% of this in the budget as a precaution from future uncertainty at the state level. <br />•Other non-property tax revenues are projected to increase $56,609, this excludes transfers. <br />•Fund Balance will be reduced by $250,000 all from Levy Reduction.
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