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5.3. SR 07-12-2010
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5.3. SR 07-12-2010
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7/12/2010 3:09:03 PM
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staff other than public safety response, filling vacant positions or adding staff, or pay <br />increases. It does include capital outlay and an increase in the ice arena subsidy. <br />These requests will need to be reviewed and refined to bring the budget in balance. <br />? <br /> <br />Use of Fund Balance: Use of the fund balance is again an option to balance the <br />budget in 2011. To date in 2010, expenditures are running below budget enough to <br />compensate for some unanticipated revenue shortfalls leaving funds available at year <br />end. Additionally, if funds are available in 2010, some of the capital equipment and <br />supplies for 2011 can be purchased out of the 2010 budget. <br /> <br />In conclusion, on Monday staff will be prepared to discuss the tax levy, NTC, and other <br />budget issues with the Council. As I mentioned earlier, if the proposed budget is ready, it <br />will be distributed at the meeting. Finally, I would like concurrence on the proposed budget <br />timeline as I would like to begin scheduling department heads and division managers for <br />upcoming budget meetings. If you have questions prior to the work session, feel free to <br />contact me. <br /> <br />\\tsclient\S\Public Bodies\Council\Lori\2010\Budget Memo 7 12 10.doc <br />
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