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FBI <br />Page 2 <br />The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for <br />capital equipment. In 2014, Liquor Operations will transfer $239,244 to the General Fund and <br />$108,200 to the Capital Equipment Fund. Without Liquor profits the General Fund levy would <br />have increased by 7.6% increase, rather than the proposed 0% increase. <br />To help offset the cost of operations and capital equipment, Staff will continue to seek Grants <br />and Donations from Federal, State and private sources. <br />At tonight's Council meeting (September 10"i) City Council, Staff is affirming the proposed 2014 <br />General Operating Budget and Property Tax Levy as presented on August 27th. A resolution <br />needs to be passed certifying the preliminary levy to Hennepin and Ramsey Counties by <br />September 15°i. <br />The final presentation of the 2014 General Operating Budget and Property T ax Levy is <br />scheduled for the December 10°'. 2013, Council Meeting. At the meeting, Staff will present a <br />recap of the 2014 General Operating Budget and the impact of the 2014 Property Tax Levy. <br />Recommendation: <br />Approval of Resolution 13-063: Setting the City of St. Anthony Village's Proposed 2014 <br />Tax Levy and General Operating Budget <br />