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Item No: 1 <br />Meeting Date: December 2, 2019 <br />Type of Business: Work Session <br />Administrator Review: _____ <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: 2020 Draft Municipal Budget <br />Attached is the 2020 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 9, 2019 City Council <br />meeting. <br />The City Council adopted a preliminary Base Levy Increase of $227,963 or 4.2%, a street <br />improvement levy of $150,000 or no change over 2019, adopted debt service levy <br />increase of $3,238 or 0.06% and the Police Officer referendum levy increased $20,000 <br />or 0.37%. There was no increase in the EDA levy. The total levy increase proposed is <br />$251,201 or 4.63%. Staff welcomes any comments or questions. <br />Respectfully Submitted, <br />Mark Beer