09-12-2005 Council Packet - Laserfiche WebLink

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Street Maintenance Materials. The budget amount is proposed to increase from $45,000 to $55,000, to reflect a higher level cf street maintenance activities. Transfer from the General Fund to the Improvement and Equipment Outlay Fund. The amount of the transfer is proposed to increase from $125,000 to $240,000, to enable necessary city facilities repairs and improvements, equipment replacement, and technology replacements and upgrades. $10,000 $115,000 Park Maintenance. Contracted park maintenance expenditures are proposed to increase from $25,000 to $30,000. • Software Maintenance. Software maintenance expenditures are proposed to increase by $6,000 to reflect software upgrades and additional software licenses.______________________— $5,000 Funding for Street RehabilitatiOP In order to balance the 2004 budget within the levy limit, the amount budgeted for street rehabilitation was reduced from $97,000 to $30,000. The 2005 budget restored 534,5W oHlus reduction. The 2006 budget reflects an increase to $120,000 for street retebilitation. The City has a number of local roads, that are not eligible for State funding, that will need major rehabilitation in the coming years. It is important that we increase the funding that is being provided for these types of projects. AHnption of Preliminary Budget and Tax Lew The City is required to adopt a preliminary budget and tax levy, so that the levy can be certified to the County by September 15. After adoption of the preliminary levy, the levy cannot be increased, but can be reduced, prior to adoption of the final budget and levy in I^cem^r. Resolutions adopting the pieliminary 2006 budget and lax levy are attached for Council adoption. COUNCIL ACTION REQUESTED Motion to adopt a resolution approving the preliminary tax levy to fimd the 2006 2. Motion to adopt a resolution approving the preliminary 2006 budget r t •