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offset to the costs of adding the seventeenth officer in the year 2000. The $25,000 <br />amount is shown as a use of fund balance because the amount carried over from 1998 <br />was placed into the fund balance of the General Fund. <br />3.Revenues from contracted police services have increased from $662,400 to $686,000 <br />- an incica:- of 3>2i,600 or 3.6% over the 1999 amount. <br />4.Interest income has increased from $72,000 to $100,000 - an increase of $28,000 or <br />38.9%. This increase reflects a conservative interest income estimate for 1999 and <br />an increase in interest rates. <br />Medium to Long-Term Needs <br />The preliminary budget does noi include additional funding for a number of medium to long-term <br />needs. These are as follows: <br />1. <br />2. <br />3. <br />4. <br />5. <br />Additional funding for street overlays <br />Additional frmding for stormwater management improvements <br />Additional funding for parkland acquisition and park improvements <br />Funding for the City's share of the Long Lake Fire Station <br />Funding for Public Works land acquisition <br />Streets. Stormwater and Parks <br />A multi-year budget projection prepared for the 1999 budget review process suggested the following <br />levels of additional funding for streets, stormwater and parks: <br />Budget Year <br />2000 2001 2002 2003 2004 2005 <br />Street Overlays $10,000 $40,000 $60,000 $80,000 $100,000 $100,000 <br />Parks Development $10,000 $40,000 $60,000 $80,000 <br />$100,000 $110,000 <br />Stormwater Projects $10,000 $40,000 $60,000 $80,000 $100,000 $110,000 <br />Fire Station <br />Although Mn/DOT will pay a significant portion of the cost of replacing the Long Lake Fire Station, <br />a substantial portion of the cost will remain to be funded by the City of Long Lake and the cities who <br />receive fire service from Long Lake. It would be prudent to begin to plan for the additional <br />expenditure level this will require. <br />,