CC PACKET 08232022 - Laserfiche WebLink

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M E M O R A N D U M DATE: August 23, 2022 TO: Mayor Stille, City Council Members, City Manager Yunker FROM: Shelly Rueckert, Finance Director ITEM: 2023 Preliminary Levy / General Fund Budget At the March 22nd work session, the City Council and staff reviewed the proposed 2023 Debt Levy. The Debt Levy provides funding for 2023 debt service payments for the Road Improvement debt, Lease Revenue debt (city buildings) and the Tax Abatement debt (parks and sidewalks). The proposed 2023 Debt Levy was approved at the July 12th City Council Meeting. At the August 8th work session, The Staff provided the City Council with information regarding an overall levy scenario and a detailed 2023 General Fund Budget. Staff also proposed added levy support for the Fire Department Paramedic program. This program will allow the first responders to provided expanded medical care prior to the arrival of an ambulance. Also discussed was capacity for employee retention as deemed needed in 2023. Council directed the staff to incorporate the items discussed into the 2023 Budget and Levy. Council affirmed the adjustments to the various capital levies that are consistent with the long-term capital plans. No increase in the Housing Redevelopment Authority (HRA) levy was proposed for 2023. The Levy proposed below reflects the work session discussions. The proposed 2023 overall levy is $8,687,425, which represents an increase of $444,333 or a 5.39% increase compared to the 2022 overall levy. The standard parameters used for preparing the General Fund Budget and Levy include:  City revenues budgeted at current run rates for sources that are subject to trends and conservative baseline estimates for re-occurring aids and charges for services.  Expenses budgeted at amounts that will maintain present level of City services.  Liquor transfers to the General Fund are based on liquor operating results. 13