2.1.
CC Work Session
- Meeting Date:
- 09/02/2014
Information
Title:
Further Discussion of 2015 Proposed Budget and Levy
Purpose/Background:
Purpose: To determine a final preliminary budget and levy for adoption at the September 9 meeting.
Background: The recommendations at the work session of August 11, 2014 have been incorporated to reduce the levy: Fund Capital equipment via 50% Equipment Fund and 50% debt (original budget/levy had capital funded with 100% debt issuance) and offset the road debt with funds remaining from the 2013 street maintenance program.
After the city council work session of August 26, the budget/levy has been further amended to reflect the restructuring of staff in relation to the resignation of the Economic Development Director.
Background: The recommendations at the work session of August 11, 2014 have been incorporated to reduce the levy: Fund Capital equipment via 50% Equipment Fund and 50% debt (original budget/levy had capital funded with 100% debt issuance) and offset the road debt with funds remaining from the 2013 street maintenance program.
After the city council work session of August 26, the budget/levy has been further amended to reflect the restructuring of staff in relation to the resignation of the Economic Development Director.
Timeframe:
30-45 minutes
Funding Source:
Responsible Party(ies):
Finance Director
Outcome:
Determine a preliminary levy and budget.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 08/28/2014 01:35 PM |
- Form Started By:
- Diana Lund
- Started On:
- 08/27/2014 03:30 PM
- Final Approval Date:
- 08/28/2014