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<br /> Remaining budget line items – 12.4% of expenditures or $937,119 net cost up $12,262 or 1.3% <br /> Includes costs for: street sealcoating and striping, repairs and maintenance, supplies, <br />utilities, fuels, training, printing, and deductibles <br /> <br /> 2020 Transfer of Liquor operating profits increased by $50,000 based on 2019 expected <br />operating results. <br /> Increase in Local Government Aid of $55,680 approved by State legislature for 2020. <br /> Additional $14,356 Excess Tax Increment collections projected for 2020. <br /> Increase in 2020 charges for Police contracted services of $33,867. <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 8.7% or $14,810. <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 2019 infrastructure projects included: <br /> <br /> Silver Lake Rd Flood Mitigation. <br /> County Rd C and Hwy 88 Utilities, sidewalk and trail improvements <br /> <br />The 2020 planned infrastructure projects included: <br /> <br />Reconstruction <br /> Silver Lake Terrace <br /> Croft Drive, from 31st Avenue to 32nd Avenue <br /> 32nd Avenue, from Rankin Road to Croft Drive <br />Flood Improvements <br /> Industrial Park south of County Road C (29th Avenue) <br />Mill and Overlay <br /> Silver Lane, from Stinson Boulevard to Silver Lake Road <br /> <br />Funding for the 2020 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 2020 Debt Related Levies are proposed to increase by $6,295 over the 2019 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 2019 street bonds issued along with existing debt service requirements <br />would have required an additional 9.8% increase in the 2019 overall Levy <br /> <br /> <br /> <br />4