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91586.7 / <br />TO: Mayor and City Council <br />c <br />FROM: Mark Bernhardson, City Administrato zi <br />DATE: September 15, 1986 <br />SUBJECT: 1986 Budget Approval and Tax Levy <br />At the Council's budget me( tiny on Wednesday, September 17, 1986 <br />the Council gave its prel :ninary approval to the 1987 budget. <br />This resulted in a tax 1( vy total of $1, 206, 520 for the general <br />fund budget and $40,000 f )r the 1985 sewer bond funding for the <br />Crystal Bay area, which is a $157,000 increase from the 1986 <br />budget. This results in an approximate 11.69 mill rate for the <br />general fund, a .38 mill rate for the sewer bond , for a 12.07 <br />total levy. Staff recommends approval of the 1987 budget as <br />amended with a total of $1,246,520 to be levied for 1986 payable <br />1987. <br />PROPOSED MOTION - Moved by , seconded by , to establish the <br />1987 budget and tax levy of 1,206,520 for the general fund and <br />$40,000 for the 1985 sewer bond funds as outlined in rPs(-)lution # <br />and Ayes , Nays <br />