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Agenda Packets - 2022/02/18
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Agenda Packets - 2022/02/18
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Last modified
1/28/2025 4:46:30 PM
Creation date
3/30/2022 9:48:40 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
2/18/2022
Supplemental fields
City Council Document Type
Packets
Date
2/18/2022
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Budget Summary <br />2022 General Fund significant budget items <br />•The City proposes a 5.66% increase in General Fund spending which includes increases in operational spending of $367,221 and an increase in non-operational spending (debt service, capital outlay, transfers) of $77,714 for an overall increase of $444,935. <br />•Estimated LGA in 2022 is $850,373, the City included only 90% of this in the budget as a precaution from future uncertainty at the state level. This represents 9.22% of the General Fund budget. <br />•Other non-property tax revenues are projected to increase $387,068, this excludes transfers. <br />•Fund Balance will be reduced by $238,000 with $238,000 coming from Levy Reduction Assigned Fund Balance.
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