HomeMy WebLinkAbout2.c. Proposed Budget & LevyCITY OF ROSEMOUNT
EXECUTIVE SUMMARY FOR DISCUSSION
COMMITTEE OF THE WHOLE: AUGUST 13, 2003
AGENDA: 2004 PROPOSED BUDGET & LEVY
PREPARED BY: JAMIE VERBRUGGE, CITY ADMINISTRATOR
ATTACHMENTS: NONE
AGENDA SECTION:
DISCUSSION
AGEND iff" (3
APPROVED BY
The City Council received copies of the 2004 preliminary budget on July 1, 2003 with a cover memo from
Finance Director Jeff May. The first discussion of the budget occurred at the Committee of the Whole meeting
on July 9, 2003. At that meeting, Council gave staff direction to add a second Citywide Clean -up Day to the
budget and to prepare cost information for a new Communications Coordinator position. The Council also
requested more information regarding certain issues such as revenue enhancements, tax capacity impacts on
single residential properties, and personal services. A memo was distributed to the City Council on August 4,
2003, clarifying or further explaining many of these issues. A revised budget was also provided with the memo.
The purpose of this item is to continue discussion regarding the preparation of the 2004 budget. The City
Council must set the preliminary levy by mid - September. That requires the City Council to act at its first
meeting in September, unless a special meeting was called closer to the levy- setting deadline. The preliminary
levy cannot be increased after it is set, however it can be reduced prior to final certification in December. The
levy currently being recommended by staff is the maximum allowable levy by law, including the levy back of
60% of lost state aids. Even with the levy back of lost aids, the budget proposes to cover a gap of approximately
$148,000 in the general fund with the use of reserves.
The staff recommends that the Council give direction to proceed toward adopting a preliminary levy at the first
regular City Council in September that is consistent with the budget proposals provided to date. Staff and
Council can continue to discuss budget implications over the course of the next three months leading up to the
final certification of the levy and budget adoption in December.
RECOMMENDED ACTION: Give staff direction related to the 2004 preliminary levy and budget.
COUNCIL ACTION: