Continued Discussion of 2019 Budget/Levy and Review of 5-Year Budget (2019-2023)

Purpose:  To determine a final preliminary budget and levy for adoption at the September 25, 2018 City Council meeting.

Background:  Council was presented a draft copy of the preliminary 2019 General Fund Budget at its worksession of August 6, 2018.  At this meeting each respective department presented their personnel requests.  Staff was directed to prepare the financial implication of these added positions for the next five years.  This has been prepared as well as the five-year outlook if no new positions were to be added for years 2019-2023.

Four options have been prepared that show the net effect on the proposed levy.  The implications of each of these options will be discussed at the worksession.  

The following attachments are presented for review of the proposed 2019 budget and levy:
      1.  2019 Preliminary Budget/Levy Notes
      2.  Tax Capacity Rate Calculation with the 4 options noted
      3.  2018 Tax Rate Comparisons with all Anoka County Cities
      4.  2019 Personnel Requests
      5.  2019 Capital Equipment Request
      6.  2019 Proposed General Fund Budget
      7.  2019 Propsed EDA Budget

Attached are several documents related to not only 2019 but also for years 2020-2023 (Five-Year Budget) to reflect the effect on budget, tax rates and levies for these years in response to personnel requests and debt related to roads, capital equipment and public works campus.  The 2020-2023 numbers are strictly assumptions.
      8.   5-Year Budget Assumption Notes (2019-2023)
      9.   2019-2023 Personnel Requested with annual costs
     10.  2019-2023 Capital Equipment Requests
     11.  2019-2023 Tax Capacity Tables - With all Personnel Requests Included
     12.  2019-2023 Tax Capacity Tables - With No Personnel Requests Included
     13.  2019-2023 General Fund Budget Summary (All New Positions Requested Included)
     14.  2019-2023 General Fund Budget Summary (No New Positions Included)



 

60 Minutes

Finance Director

Determine a 2019 Preliminary Levy and Budget