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 Funding for initiatives below at $10,000 each, for a total increase of $40,000 a 0.58% impact on <br />Overall Levy, 0.3 % of General Fund expenditures <br /> Collaborative Reform <br /> Equity <br /> Property Resource <br /> Sustainability <br /> <br /> Remaining budget line items – 14.1% of expenditures or $1,016,868 net cost up $41,347 or <br />1.77% <br /> Includes costs for: street sealcoating and striping, repairs and maintenance, supplies, <br />utilities, fuels, training, printing, and deductibles <br /> <br /> 2019 Transfer of Liquor operating profits remained at 2018 to ensure sufficient working capital <br />within the Liquor fund. <br /> <br /> <br />The HRA Budget and Levy cost driver is substantially personnel costs and professional costs. Therefore <br />the proposed Levy increase for the HRA is 4.75% or $7,720 . <br /> <br /> <br /> <br /> <br />Infrastructure Improvements / Debt Levies <br /> <br />During the past several budget cycles there has been significant reconstruction of City streets, <br />sidewalks, storm water systems, Silver Lake Village, City buildings and park infrastructures. <br /> <br />The 2018 infrastructure projects included: <br /> <br /> Foss Rd, 37th Ave to Chandler Drive <br /> Highcrest Rd, 37th Ave to Mirror Lake <br /> Maclaster Dr, 37th Ave to Railroad tracks <br /> <br />The 2019 planned infrastructure projects included: <br /> <br /> Silver Lake Rd Flood Mitigation. <br /> County Rd C and Hwy 88 Utilities, sidewalk, trail, and flood improvements <br /> See Street and Utility Improvement map, immediately following memo <br /> <br />Funding for the 2019 projects will come from bonds and grants. The bonds issues have 15 year <br />payment terms. The Debt Levy is the funding source for the annual payment of the bond principal and <br />interest. The 2019 Debt Related Levies are proposed to increase by $75,143 over the 2018 combined <br />levies. A debt levy reduction program (Peak to Plateau) began in 2014 to stabilize the annual increase <br />in levies created by the annual street reconstruction plan. Without the use of resources committed to <br />this program the impact of 2018 street bonds issued along with existing debt service requirements <br />would have required an additional 6.38% increase in the 2019 overall Levy <br />4