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ITEM 6.1. <br />MEMORANDUM <br />• <br />Elk <br />~~..1.V~r <br />TO: Mayor and City Council <br />FROM: Tim Simon, Finance Director <br />DATE: .August I , 20 I I <br />SUBJECT: 2012 Budget Discussion <br />Tonight we will continue our budget review with the Administration and Building Safety <br />budgets. Attached are the department requested budget worksheets for those departments <br />along with the proposed 2012 department/division goals. At tonight's meeting we will go <br />through the goals and attached budget sheets. If you would like more detail than what's <br />provided, please let me know. <br />I have attached the budget adjustments sheet to reflect the account changes for adding the <br />Streets laborer position in the budget and the two police line item reductions that the Chief <br />discussed during the budget review. <br />The City will not be receiving any local government aid (LGA) in 2011 as well as the Market <br />Value Credit. All of which were anticipated in developing the 2011 budget. See attached <br />spreadsheet from the Minnesota Revenue Department. I have also included some <br />information on the new market value homestead credit calculation that we will review. <br />I asked the County Assessor if any updates exist to the estimated Net Tax Capacity for 2012 <br />and at this time no updates. We will continue with the negative 6 percent until we get an <br />update from the County Assessor which we usually receive the end of August or early <br />September. <br />Administration Department (requested): <br />Mayor & Council -The overall budget remains consistent with 2011. Dues & <br />Subscriptions continues to include the Leagues member ship and historical society. The <br />miscellaneous line includes the same items as last year including employee recognition event, <br />and volunteer recognition event. <br />Cable TV -Office supplies increased due to the replacement of a computer. Equipment <br />Repair and maintenance increased for Internet circuit and aone-time firewall purchase. <br />Elections -Includes estimated costs associated with 2012 election. <br />N:\Public Bodies\City Conncil\Finance\Tim\2011 \budgehnemo0801.docs <br />