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TO:Mayor and City Council <br />FROM: <br />DATE: <br />Ron Moorse, City Administrator <br />August 3, 1999 <br />SUBJECT: August 5, 1999 Budget Work Session <br />The Council will meet at 7:30 a.m. on Thursday, August 5,1999 to review the preliminary overview <br />of the 2000 budget. The purpose of the preliminary overview is to provide the Council with an <br />outline of the proposed budget, and the major short-term and long-term needs facing the City, to <br />assist the Council on focusing on the key issues to be addressed during the budget review process. <br />The overview focuses on the proposed General Fund budget because it has the greatest impact on <br />the tax levy. The Enterprise Fund budgets (Sewer, Water and Golf Cours'') and the Capital Outlay <br />Fimd budgets will be provided for review at the August 19 work session. <br />The budget overview is staffs proposal for addressing priority needs while holding the tax levy at <br />a reasonable level and within the State-imposed levy limit. <br />Proposed Work Session Agenda <br />A proposed agenda for the work session is as follows: <br />1.Staff presents an overview of the General Fund budget, including major expenditure <br />items, major revenue changes, tax levy, tax capacity rate, and the impact of the tax <br />levy on properties of various values. <br />I *■.,2.The Council asks questions and provides comments regarding the proposed budget, <br />tax levy, and tax capacity rate. <br />3.The Council discusses the short-term and long-term needs it wants to address in the <br />2000 budget. <br />4.The Council discusses the tax levy amount and tax capacity rate that is acceptable for <br />the 2000 budget. <br />1 - n. .wan . ■■ ‘