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Item No: 1 <br />�m MEW <br />Meeting Date: December 7, 2020 <br />MQVIVLS 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: 2021 Draft Municipal Budget <br />Attached is the 2021 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 14, 2020 City Council <br />meeting. <br />The City Council adopted a preliminary General Fund Base Levy of $4,666,859 an <br />increase of $194,611, a Street Improvement Fund levy of $150,000, no change over <br />2020, adopted a preliminary debt service levy decrease of ($7,209) and the Police Officer <br />referendum levies have no change. There was no increase in the EDA levy. The total <br />levy increase proposed is $187,402 or 3.3% consistent with the Charter Levy Cap. Staff <br />is recommending that we maintain the preliminary levy increase given the uncertainty that <br />we will see in 2021. This would mean a minimal increase for most taxpayers. <br />Respectfully Submitted, <br />Mark Beer <br />