Laserfiche WebLink
MEMORANDUM <br />DATE: April 22, 2014 <br />TO: Mayor and City Council <br />City Manager Mark Casey <br />FROM: Shelly Rueckert, Finance Director <br />ITEM: Public Hearing -2015 General Operating Budget <br />The attached materials are a summary of the 2014 General Operating Budget. Highlights <br />of the 2014 budget include: <br />I) General Operating Budget $6 ,293 ,798 <br />2) General Fund Levy $3 ,123 ,343 <br />L 0% increase over 2013 <br />3) Overall Levy $5,633 ,007 <br />L 3.8% increase over 2013 <br />4) Median Valuation in 2014 $ 208,000 <br />L Up $1,000 from 2013 <br />5) City Portion of Property Taxes $ 1,423.95 <br />6) Anticipating a 12-18% increase in 2015 Local Government Aid. The exact <br />amount will not be determined until legislative action has been completed. <br />7) Breakdown of 20 14 Property Taxes: <br />General Fund <br />Roads <br />Public Works/Fire Buildings <br />Tax Abatement <br />Capital Improvements <br />$ 813.14 <br />$ 460.77 <br />$ 97.99 <br />$ 39.10 <br />$ 12 .95 <br />$ 1,423.95 <br />As part of the annual Goal Setting Session held on January 23'd and 24'h discussions <br />related to our Financial Management Planning occurred. <br />13