12-08-2003 Council Packet - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION COl IMCIL MEETING OEC 8 2003 CITY OF ORO.N DATE: December 5 RO.no ,2003 ITEM NO: S Department Approval: Name Ron Mcorse Title City Administrator Adminbtrator Reviewed:Agenda Section: City Administrator ’s Report Item Description: Levy Adoption Hcarin^Adoption of the 2004 Collectible Tax Levy and Annual Budget - Resolutions Attachments: 1. Resolution Adopting the Final 2003 Tax Levy Collectible in 2004 2. Resolution to Adopt the 2004 General Fund Budget 3. Resolution to Adopt the 2004 Special Revenue Fimds Budget Lew Adoption Hearing This is the final hearing prior to the adoption of the 2004 budget and tax levy. Proposed 2004 Budget The proposed 2004 budget reflects an effort to comply with the State-imposed levy limit, and to deal with reduced State Aid revenue; while maintaining current service levels, accommodating the additional costs related to the start-up of the Navarre Fire Station, and providing for necessary equipment replacement in the police, fire, and public works areas. General Fund Budget The proposed 2004 General Fund budget expenditures are $4,701,490. This is a reduction of $ 11,390, or .2% from the 2003 budget. Although the General Fund budget expenditures are reduced overall, there are a number of areas that require increased e.xpenditures. These include annual compensation adjustments, start-up costs for the Navarre Fire Station, acquisition costs related to an upgraded police records system, and costs related to the 2004 election. These increased expenditures are more than offset by a large number of expenditure reductions in the range of $500 to $2,000, as well as a number of more substantial expenditure reductions. The substantial expenditure reductions are in the areas of contracted street overlays, training and development, and special projects and contingencies. 9 \ BSJt.i TK» H