Laserfiche WebLink
MEMORANDUM <br /> DATE: August 10, 1998 <br /> TO: Mayor and Councilmembers <br /> FROM: Michael Morrison, City Manager <br /> ITEM: 1999 CITY BUDGET <br /> Attached is the resolution for the City's 1999 tax levy and budget. The budget process began in <br /> April with a meeting between the City Manager and the Department Heads. The budget is <br /> intended to serve as a guide of what the City anticipates to spend, as well as the,amount of <br /> revenues we plan to receive. <br /> The proposed total General Fund budget is $3,362,300. This compares to a 1998 General <br /> Fund budget of$3,130,900, a 7.39% increase. As in previous years, Police, Fire, and Public <br /> Works comprise the largest component of the 1999 budget. <br /> The budget requires a tax levy of$1,616,147 to support the general operations of the City for <br /> 1999. This compares to a levy of$1,566,737 for 1998, a 3.15% increase. <br /> The 1999 streets levy for the City is $237,206. This compares to a streets levy of$174,089 <br /> for 1998. This will continue to increase as we continue our Street improvement projects. <br /> The following represents changes to the 1999 budget: <br /> 1. Police. The police budget increased by $115,300 due to the hiring of two full time <br /> officers and two CSO's (contingent on grant money for the CSO's). This increase in <br /> expenditures is offset by $76,500 in revenue from the Federal Government. The net <br /> cost of St. Anthony for 1999 is $38,800. <br /> 2. Fire. In 1997, the City Council approved a $6,000 payment to the Fire Relief <br /> Association pension fund. <br /> 3. Capital Equipment. Revenues and expenditures are as follows: <br /> Revenues: <br /> Contract revenues $ 50,500 <br /> Annual budget levy $ 75,000 <br /> Water and sewer transfer 10.50 <br />