Discussion and Review of 2018 Proposed General/EDA Budgets & Levies 

Purpose:  Further Review of Proposed 2018 General Fund Budget and 2017 Property Tax Levy

The City Council adopted the proposed 2018 General Fund Budget and levy at its regular meeting of September 26, 2017.  The City received preliminary tax capacity numbers from the County and the proposed 2018 tax capacity rate, based on the approved  preliminary levies, would be   41.656 %.  Staff had previously estimated a proposed tax capacity rate, based upon the preliminary levy, of 41.686%.

The budget/levy are to be brought to the City Council for final adoption on December 12.  Before this date, it is recommended that the City Council identify any additional items that they would like staff to specifically address.  A couple of items that staff would like to review are related to memberships and the purchase of an additional $1 million of insurance coverage.

30 minutes

Finance Director

Review of budget documents and determination of final 2018 General Fund/EDA Fund Budgets and 2018 Payable Levy.