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29 <br />MEMORANDUM <br />DATE: December 1, 2010 <br />TO: City Council <br />FROM: Mike Morrison, City Manager <br />Roger Larson, Finance Director <br />ITEM: GENERAL FUND OPERATING BUDGET & TAX LEVY <br />To date, the City Council has conducted 8 meetings to discuss the 2011 General <br />Operating Budget and Tax Levy. They included: <br />1) January 2010 — goal setting and financial planning. <br />3) A Public Hearing on April 27, 2010. <br />3) 4 work sessions. <br />4) Two regular Council Meetings (August 24`x' and September 14`h) <br />Staff presented the proposed operating budget and tax levy. <br />From those meetings, Council established the parameters for preparing the 2011 budget. <br />Consensus from the Council included: <br />1) O% increase in General Operating Levy. <br />2) Appropriation of revenues to the General Fund are as follows: <br />a. Residential Property Clean-up $ 22,300 <br />b. Clearwire Lease $ 24,000 <br />c. 2009 Budget/Reserves $ 84,900 <br />d. 3 -Year averaging of actual revenues $ 63,400 <br />$194,600 <br />3) Salaries: <br />a. 1.5% - 2% salary increase for 2011. <br />4) Health insurance: <br />a. $100.00 per month increase for family health insurance. <br />5) All other line items will remain the same as 2010. <br />Based Council direction, Staff prepared a 2011 General Operating Budget totaling <br />$5,478,000. This represents a $194,600 dollar or a 3.68% increase from 2010. <br />The 2011 General Operating Levy will remain at $2,945,511, which is the same amount <br />levied in 2009 & 2010. This levy is $108,606 less than the levy limit of $3,054,117 set <br />by the Minnesota Department of Revenue. <br />