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I I <br /> Summary of proposed budget modifications from <br /> III the August 18, 1997 budget document <br /> • <br /> (November 3rd work session) <br /> Revenues as previously budgeted 3,626,633 <br /> Property taxes -reduce total levy increase to 2.7% (45,000) <br /> Interest-adjust to reflect change in estimated earnings 14,000 <br /> Franchise fee-was at 2%, increased to 2.5% 50,000 <br /> Intergovernmental -increase for new aid to offset a portion <br /> of pension cost for employees 8,671 <br /> Licenses and fees- increase building permit and other fees 10,000 <br /> Other-estimated grant from Met Council for comp. plan 5,000 <br /> Adjusted revenues 3,669,304 <br /> Expenditures as previously budgeted 3,700,899 <br /> City Council: <br /> Supplies-reduce to reflect past usage (1,000) <br /> City Administrator-Other Professional:reduce (1,000) <br /> Finance: <br /> Other professional services-audit fee reduction (3,000) <br /> Repairs, equipment-reduce to reflect past usage (350) <br /> • Community Development: <br /> Consultants, special -reduce (5,000) <br /> Capital -use alternative software for tracking enforcement (7,500) <br /> Central Services: <br /> Stationery-reduce to reflect past usage (500) <br /> Other professional -reduce outlay for interne home page (500) <br /> Printing-reduce number and size of newsletter (4,000) <br /> Police-repairs, computers:reduce to reflect past usage (1,000) <br /> Fire-dispatching: eliminate proposed fee from Anoka County (2,516) <br /> Parks -grants-Lakeside Park: <br /> use of fund balance carryover (1,300) <br /> Miscellaneous -fitness program:reduce to reflect past usage (500) <br /> Contingency-decrease to $46,000 (4,000) <br /> Adjusted expenditures 3,668,733 <br /> Revenues over expenditures 571 <br /> Resulting budget: <br /> Increase of 2.7%for total tax levy including fire bond levy. <br /> Franchise fee reduction from 3%to 2.5%. <br /> 0 <br />