5.1.
CC Regular Session
- Meeting Date:
- 12/14/2010
- By:
- Diana Lund, Finance
Title:
Review and Adopt 2010 Tax Levy and General Fund Budget
Background:
The 2011 Proposed General Fund Budget, as it has been presented and reviewed in the past several months, is based on the collection of tax dollars and results in an estimated 39.808% tax capacity rate.
This budget was balanced through staff recommended adjustments and resulted in a total proposed budget of $9,449,400.
The budget as presented includes $142,600 of capital outlay items which will be funded by the Equipment Revolving Fund and a council contingency of $33,898.
In total, Public Safety [police, fire, inspections, civil defense] is now 43.84% of the budget. General Government [administration, finance, elections, planning and legal] is 24.57% of the budget. Public Works and Parks represent 28.51% and miscellaneous and transfers make-up the balance.
State Statutes require that the 2011 Levy and General Fund Budgets must be adopted at a meeting before December 28, 2010. Therefore, the 2011 Proposed Levy and General Fund Budget are presented for adoption at tonights Council meeting.
Funding Source:
None Required.
Council Action:
Motion to recommend City Council adoption of Resolution #10-12-XXX Resolution Adopting the 2010, Payable 2011 Municipal Tax Levy
- and -
Motion to recommend City Council adoption of Resolution #10-12-XXX Resolution Adopting the 2011 City of Ramsey General Fund Operating Budget.
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 12/09/2010 01:38 PM |
| Diana Lund (Originator) | Diana Lund | 12/09/2010 02:05 PM |
| Kurt Ulrich | adietl | 12/09/2010 07:45 PM |
- Form Started By:
- Diana Lund
- Started On:
- 12/07/2010 10:59 AM
- Final Approval Date:
- 12/09/2010