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