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MOLtNDEv <br />1 <br />Item No: ,Z <br />Meeting Date: December 3, 2018 <br />Type of Business: Work Sessio <br />Administrator Review: <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: 2019 Draft Municipal Budget <br />Attached is the 2019 Draft Municipal Budget. The City Council has reviewed various <br />portions of the municipal budget throughout the summer and fall and this is one last <br />opportunity before considering final approval at the December 10, 2018 City Council <br />meeting. <br />The City Council adopted a preliminary General Fund levy increase of $218,856 or 4.4%, <br />reestablished a street improvement levy of $150,000 or 3.02%, adopted debt service levy <br />increase of $70,035 or 1.40% and the Police Officer referendum levy increased $14,800 <br />or 0.3%. There was no increase in the EDA levy. The total levy increase proposed is <br />$453,691 or 9.12%. Staff welcomes any comments or questions. <br />R spectfully Submitted, <br />L <br />Mark Beer <br />