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rVvMMH •»»-frnMQ REQUEST FOR COUNCIL ACTION <br />OEC 1 0 2001 <br />Cut or un«jr«o <br />DATE: December 6.2001 <br />ITEM NO: ^ <br />Departmeat Approval: <br />Name Ron Mooree <br />Title City Administrator <br />Adaiinistrator Reviewed:Agenda Section: <br />City Administrator's <br />Report <br />llem Description: Adoption of the 2002 Collectible Tax Levy and Annual Budget - <br />Resolutions <br />Altacbments: <br />1. Resolution Adopting the Final 2001 Tax 107 Collec'iblc in 2002 <br />2. Resolution to Adopt the 2002 General Fund Budget <br />3 Resolution to Adopt the 2002 Special Revenue Funds Budget <br />The following is information regarding the City's 2002 budget and tax leN^. The 2002 budget <br />reflects an efTort to address current operating nc^. to address new scr\ ice needs, and to continue <br />current capital funding levels. <br />The following is an explanation of key elements of the 2002 budget. <br />GENERAL FUND BUDGET EXPENDITURES <br />fhe proposed 2002 General Fund expenditures are $4,607,470. This is an increase of $317,030 or <br />7.39% over the 2001 budget. The increase in General Fund expenditures reflects the cost increases <br />detailed below. <br />COST INCREASES <br />Several areas of costs have increased substantially for 2002. These are os follows: <br />• Additional stafllng to meet service demands and operational needs <br />• Pay and benefits adjustments. <br />• Professional services. <br />• Insurances. <br />Additional Stalling <br />1. The budget includes the hiring of on additional Police OfTicer to meet increasing police serv ice <br />needs and demands. <br />2. The budget includes the hiring of a part-time accounting staff person to free-up the Assistant