Agenda Packets - 1987/08/10 - Laserfiche WebLink

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MEMO TO: Mayor & Council FROM: Finance Director -Treasurer Brager DATE- August 10, 1987 \�J\ RE: PROPOSED 1988 BUDGET GENERAL OVERVIEW I am pleased to submit for your consideration the Proposed 1988 Budget. The General Fund Budget of $2,179,349 is 3.48% more than the 1907 Budget of $2,106,117. Recreation Activity Fund proposes a Budget'of $102,331 which will be financed by fees charged participants of recreation programs. Continuation of the Forestry Program, in which the Cities of Mounds View and New Brighton share the costs of the salary of a Forester, is recom- mended for 1988. Our costs are estimated at $44,138. These costs are 37.9% more than 1987 costs of $32,011. A or000sal to purchase a new pickup truck and a comparable worth salary adjust- ment given the Forester account for this increase. A new Fund has been established to account for the receipt of Cable TV „I franchise fees and expenditures related to the televising of City =r. Council meetings and the production of televising of other: programs over the public access channel. The Fund has been given ti:e unoriginal but d±ccciptive name of Cable TV Fund. The Funds. 1988 Budget is estimated to be $15,000. No rate increases are proposed for the Water & Sewer Utility Funds. Present rates have been in effect since January 1, 1986. Proposed 1988 property taxes conform to the new property tax levy limit law adopted by the 1987 State Legislature.' It is estimated that a City property tax levy of 14.989 mills would be required should this BudgeC be adopted. This estimate is based upon esti- mated assessed values provided by Ramsey County and last year's fiscal disparities values as an estimate of 198& fiscal dispari- ties has not yet been prepared. This estimated levy is 1.298 !L>` mills more than the 1987 City levy of 13.691 mills. 1'sa GENERAL FUND EXPENDITURES No additional full time or part time personnel are proposed for 1988. Currently approved staffing levels will be maintained throughout 1988. The following is an overview of each department's proposed budget. Policy questions are posed +n this memorandum. They are discussed in detail in specific deparumental budget narratives and then summarized at the end of this memorandum. Council's direction with respect. to each of these policy questions is requested. Council. Mayor & Council salaries are budgeted at present levels. Should these be raised State law provides that they may not become effective until after a municipal election. Staff awaits Council direction on this matter. Costs of a Council -Staff goal setting session ($3,000) have been budgeted since one was conducted during 1987. Should one be scheduled for. !g887 The City's contrib4cion toward operation of the Care -A -Van ($2,000) has been hudgeted as a request was received from