2.1.
CC Work Session
- Meeting Date:
- 11/26/2013
Information
Title:
Review of 2014 General Fund Budget and tax levy
Purpose/Background:
Purpose: To come to a final determination of the 2014 General Fund Budget and Levy prior to final adoption on December 10, 2013.
The Finance Committee reviewed the 2014 General Fund Budget at its meeting of November 12, 2013. They made the recommendation that staff bring three budget options to the next budget worksession based on various tax capacity rate options. Those options are as follows:
Option A: Hold City Tax Rate Constant with 2013 Adopted rate of 44.288% ($159,000 levy decrease from prelim levy adopted)
Option B: Hold City Tax Rate to Preliminary Staff Rate Estimate of 43.37% ($341,000 levy decrease from prelim levy adopted)
Option C: Hold City Tax Rate to Preliminary Rate From County of 45.095% ($0 levy decrease from prelim levy adopted)
The Finance Committee reviewed the 2014 General Fund Budget at its meeting of November 12, 2013. They made the recommendation that staff bring three budget options to the next budget worksession based on various tax capacity rate options. Those options are as follows:
Option A: Hold City Tax Rate Constant with 2013 Adopted rate of 44.288% ($159,000 levy decrease from prelim levy adopted)
Option B: Hold City Tax Rate to Preliminary Staff Rate Estimate of 43.37% ($341,000 levy decrease from prelim levy adopted)
Option C: Hold City Tax Rate to Preliminary Rate From County of 45.095% ($0 levy decrease from prelim levy adopted)
Timeframe:
45-60 minutes
Funding Source:
Responsible Party(ies):
City Administrator & Finance Director
Outcome:
Determination of final 2014 General Fund Budget and 2014 Payable.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 11/21/2013 02:57 PM |
- Form Started By:
- Diana Lund
- Started On:
- 11/14/2013 11:20 AM
- Final Approval Date:
- 11/21/2013