Continued Discussion on 2024 Budget/Levies

At the July 11, 2023 budget work session, the council was presented with the 2024 General Fund budget and its effect on the tax levy.  This was the first look at the budget which was presented as a status quo budget with all staff requests of capital, personnel and other larger items not previously included in the 2023 Adopted General Fund Budget to be considered as additions to.  

This meeting will be a further discussion of the 2024 budget, with the focus on these "add on" items.  Staff is collecting information from similar cities as it relates to Public Works staffing levels, this information will be shared at the meeting.  We will also review the county valuation numbers and the effect on tax rate (County numbers have not been received at submittal of agenda item).  Council requested information on the possibility of the issuance of capital equipment certificates.

Some of the attached budget documents have been amended since the last meeting: 2024 Capital requests & General Fund Levy summary to reflect the additional requests of $126,000 in capital equipment.  This addition reflects items that were identified on previous version of the CIP, but not carried over into the 2024 budget requests.  A new sheet has been added to show the total capital requests for years 2024 through 2026 regarding the possibility of the issuance of capital equipment certificates. 

90 minutes

Finance Director and City Administrator

Continued discussion of the 2024 budget and levies.