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Item No. 3. <br />Meeting Date: June 7, 2010 <br />Type of Business: Work Session <br />City Administrator Review: ______ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Discussion of Priorities for the 2011 Budget <br /> <br />City staff has been busy working on the details of the 2011 budget. <br /> <br />This item is placed on the agenda to give the City Council and residents the opportunity <br />to provide input to staff early in the process. Department Heads can then use this <br />guidance as they work on the details of their proposed budgets. <br /> <br /> <br /> <br /> <br /> <br /> <br />Key 20 11 Budget Issues: <br /> <br />The Legislature has adjourned for 2010 by balancing the budget and adopting, for the <br />most part, the Governor’s recommendations. The City had Local Government Aid (LGA) <br />withheld of $339,558 and Market Value Homestead Credit (MVHC) of $160,156 for <br />2010. <br /> <br />The state is facing a $5.5 to $6 billion shortfall for the next budget period beginning on <br />July 1, 2011. Estimated LGA for 2011 is $482,474 but this is before the Legislature and <br />Governor resolve the very large deficit. Staff is recommending that we do not include <br />General Fund 2010 Budget by Type <br />Personnel 63.1%3,583,509 <br />Contractual services 21.8%1,238,489 <br />Capital outlays 2.0%112,052 <br />Supplies 4.8%271,764 <br />Transfers 4.0%225,000 <br />Fire debt service 2.6%147,195 <br />Contingency 1.8%100,000 <br /> Total 100%5,678,009 <br />General Fund 2010 Budget by Function <br />Police 40.9%2,320,232 <br />Public Works 12.3%698,081 <br />Park and Recreation 8.7%493,636 <br />Community Development 8.6%486,119 <br />Fire 5.8%329,202 <br />Administration 4.5%255,442 <br />Finance 4.4%249,270 <br />Central Services 4.2%238,082 <br />Legislative 1.1%61,874 <br />Debt Service 2.6%147,195 <br />Contingency 1.8%100,000 <br />Misc. Contracual Service 1.3%73,876 <br />Transfers to other funds 4.0%225,000 <br />Total 100%5,678,009