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Percentages of staff time allocated to the EDA would be changed as follows: <br /> City Administrator: reduced from 10% to 7% <br /> Finance Director: reduced from 10% to 7% <br /> Community Development Director: reduced from 15% to 10.6% <br /> <br />Percentages allocated to respective departments in the General Fund would be <br />increased. <br /> <br />Recommendation: <br />This proposal would be neutral in its bottom line effect on the budget and would <br />lessen the possible adverse impact of a future TIF audit by the Office of the State <br />Auditor. <br /> <br />It is recommended that the City Council approve the attached Resolution 6445 to <br />amend the 2005 budgets of the General Fund and the Economic Development <br />Authority Fund. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Charles Hansen