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i <br />f <br />V < <br />«• <br />TO: <br />FROM: <br />DATE: <br />Mavor and Citv Council <br />Ron Moorse, City Administrator /« <br />Aueust 24, 1995 <br />SUBJECT: Proposed 1996 Budget - Update <br />The proposed 1996 budget has now been placed into its final form for adoption based on Council <br />direction at the initial budget work session and on the determination of final cost amounts for <br />several expendimre items. <br />The proposed 19% budget addresses several short term issues such as: <br />1. <br />^ * <br />3. <br />4. <br />Recodification of the city ’s ordinances <br />Computerized mapping <br />Employee appreciation/recognition <br />Update of the city's pay structure <br />The budget also addresses a number of long term fiscal issues including <br />1. <br />3. <br />4. <br />5. <br />Potential loss of revenue related to contracted services provided by the city <br />Funding for storm water management plan <br />Funding for storm water drainage projects <br />Funding for infrastructure ($40,000 levy) <br />Reserve for potential UACA reduction <br />Tax l^w <br />The total tax levy required to fund the proposed 1996 budget is $2,080,840. This is an increase <br />of $64,670 or 3.21over the 1995 levy. <br />General Fund F.xrendimres <br />Citv of Orono <br />General Fund Budget <br />For 1995 Jic 1996 <br />1995 1996 <br />S Increase <br />(Decrease) <br />Personal Semces 1.561.592 1.922.850 61.258 3.29% <br />Supplies & Maintenance 354.296 365.850 11,554 3.26% <br />Other Expenses 890,222 90S.795 18.573 2.09% <br />Capital Outlay 124.130 150.260 26.130 21.05% <br />Total 3.245.015 3.347.755 102.740 3.17%