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City Council Regular Meeting Minutes
<br />December 10, 2024
<br />Page 2
<br />1 Motion by Councilmember Doolan, seconded by Councilmember Elnagdy, to approve the
<br />2 Consent Agenda items.
<br />3
<br />4 Motion carried 5-0.
<br />5
<br />6 VII.PUBLIC HEARING.
<br />7
<br />8 Finance Director Deborah Maloney reviewed the 2025 budget and levy process began on June
<br />9 11, 2024, when a revised Street Improvement Plan was presented for the Council’s consideration
<br />10 of 2025 improvements that included street reconstruction and mill and overlay improvements.
<br />11 Staff also reviewed the extensive mill and overlay projects for 2024 and 2025 and the resulting
<br />12 impact on the 2025 debt service levy. At the June 25th Council work session, the Council and
<br />13 staff reviewed the updated street improvement schedule and its impact on the 2025 debt levy.
<br />14 The debt levy provides funding for 2025 debt service payments for the Road Improvement debt,
<br />15 lease revenue debt (City buildings) and the tax abatement debt (parks and sidewalks). The
<br />16 proposed 2025 debt levy is part of the requested approval of the final levy for 2025 at this
<br />17 evening’s Council meeting.
<br />18
<br />19 The levy proposed reflects these work session discussions and finalized results of contract
<br />20 negotiations. The proposed 2025 overall levy is $9,682,183 which represents an increase of
<br />21 $491,050 or a 5.34% increase compared to the 2024 overall levy.
<br />22
<br />2024 $ Change 2025 % Change
<br />General Fund $5,938,338 $398,550 $6,336,888 6.71%
<br />HRA Fund $209,414 $209,414 0.00%
<br />CIP Fund $368,200 $60,000 $428,200 16.30%
<br />Combined Debt
<br />Service &
<br />Infrastructure
<br />Funds
<br />$2,562,181 $2,562,181 0.00%
<br />Building
<br />Improvement
<br />Fund
<br />$98,000 $17,500 $115,500 17.86%
<br />Park
<br />Improvement
<br />Fund
<br />$15,000 $15,000 $30,000 100.00%
<br />Total $9,191,133 $491,050 $9,682,183 5.34%
<br />23
<br />24 Ms. Maloney reviewed a PowerPoint of the 2025 Proposed Budget. The presentation included
<br />25 2025 Budget Calendar, 2025 Budget Parameters, Path to the 2025 Tax Levy, General Fund and
<br />26 Levy, Overall Levy by Fund Type, 2025 General Fund Revenues, 2025 General Fund
<br />27 Expenditures, 2025 Budget – Cost Drivers, 2025 Budget – Other Factors, 2025 Proposed Levies,
<br />28 Distribution of City Taxes, General Fund Supports City Services, Property Taxes 2025, and 2025
<br />29 Property Tax Distribution. Various spreadsheets were displayed showing details.
<br />30
<br />31 Mayor Webster opened the public hearing at 7:25 p.m.
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