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M. <br />r Summary of 2015 Budget <br />• General operating budget totals $6,705,729 <br />• Salaries, health insurance, and other operating <br />cost increases mitigated by 2015 increase in LGA <br />• Liquor operations transfers totals $395,444 <br />$214,244. provides funding of general fund <br />$181,200 provides funding of capital funds <br />• Increase in all levies totals $218,900 or 3.9% <br />• Estimated increase in City tax rate with TIF <br />Decertification .42% <br />Assuming no change in property values <br />KM <br />Next Steps <br />• August 26, 2014 (tonight's meeting): Presentation <br />Prosed 2015 Operating Budget & Property Tax Levy to the <br />City Council <br />• Seutember 9, 2014: Resolution <br />Resolution setting the Proposed 2015 Operating Budget and <br />Property Tax Levy <br />Announce the date and time at which the final budget and tax <br />levy will be discussed <br />• December 9,2014: Resolution <br />Approving the Final 2015 Operating Budget and Levy with <br />publicinput <br />Adoption of 2015 Operating Budget and Property Tax Levy <br />8/21/2014 <br />10 <br />