2.c.
CC Work Session
- Meeting Date:
- 11/30/2010
- By:
- Diana Lund, Finance
Title:
2011 General Fund Budget and Levy
Background:
A preliminary levy and budget was adopted at the City Council meeting of September 14, 2010. The total proposed levy was $8,128,609 which included the General Fund levy, Debt Service levy, and EDA Levy. The proposed General Fund budget was $9,449,400. The proposed tax capacity rate was 39.998%.
All proposed levies were submitted to the County and they have estimated the city’s 2011 tax capacity rate at 39.808%.
The city is not required to hold a truth and taxation meeting this year, but is required to talk about the budget and levy at a public meeting. The public meeting is scheduled as part of the regular city council meeting of December 14, 2010. The budget document that will be presented at this meeting is attached.
Council Action:
Discussion of 2011 Levy and budget including to determine final budget and levy numbers for December 14 meeting and adoption.
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Jo Thieling | 11/24/2010 12:13 PM |
- Form Started By:
- Diana Lund
- Started On:
- 11/24/2010 10:15 AM
- Final Approval Date:
- 11/24/2010