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1998 Budget Worksession <br />August 25, 1997 <br />Page 9 <br /> <br />Overall the budget gap seems reasonably manageable this year. One reason <br />for this relates to the small number of additional employees and employee <br />changes that are being requested. The other reason for this small gap is the <br />special levy for the COPS FAST program. If we had our usual request for <br />new employees and some of these employees were hired, we would have a <br />much more difficult budget gap issue to address. <br /> <br />SPECIAL LEVY AND SPECIAL REVENUE BUDGETS <br /> <br />Outside of the general fund, the city has a number of budgets that are special <br />levy or special revenue budgets. These budgets are as follows: <br /> <br />· Library <br />· Surface Water Management (SWM) <br />· Special Assessments <br />· Equipment Certificates <br />· Equipment Reserves <br />· HRA <br />· EDA <br />· Landfill <br />· Ice Arena <br /> <br />Of the above list, it should be noted that the equipment reserves, landfill, and <br />ice arena budgets have no impact on the city tax levy. Additionally the EDA <br />and HRA levies are separate from the city tax levy resolution, but still <br />require City Council approval. Of the above list, the library, SWM, special <br />assessment, and equipment certificate budgets have an impact on the city tax <br />levy. <br /> <br />The 1998 library and SWM budgets are proposed at the same level as what <br />was adopted in 1997. The majority of the SWM budget is for debt repayment <br />for projects that were recently completed. The special assessment levy and <br />budget is proposed to decrease in 1998. The equipment certificate budget is <br />identified in the capital outlay summary page. This equipment certificate <br />budget is subject to City Council debate and accordingly will not be finalized <br />until after City Council discussion on 8/25/97. At this time the proposal <br />before the Council for equipment certificates is $120,050. This is compared to <br />the $111,000 amount that was adopted in 1997. <br /> <br />The equipment reserves budget page is also not finalized. Funds for these <br />expenditures come from the city equipment reserves and from the part of the <br />municipal utilities contribution which is not in the general fund revenues <br /> <br /> <br />