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ITEM 5.4. <br />MEMORANDUM <br />TO: Mayor and City Council <br />FROM: Tim Simon, Finance Director <br />DATE: August 9, 201 I <br />SUBJECT: 2012 Budget Discussion <br />Tonight we will continue our budget review with the Ice Arena budget. Attached is the <br />department requested budget worksheets for this department along with the proposed 2012 <br />department/division goals. If you would like more detail than what's provided, please let me <br />know. <br />We just received our 2012 local government aid notice and our amount for 2012 is zero. <br />Ice Arena (rec~uestedl: <br />Rich Czech (Ice Arena Manager) will be present at the meeting to review the requested 2012 <br />Ice Arena budget. You will notice the transfer from the General Fund goes down <br />significantly in 2012. The main change in the revenues is the additional ice rental revenue <br />from additional ice sales and ice rate change. This will be consistent with the 2010 actual ice <br />rental revenue. The expenditures remain consistent with last year, with the major difference <br />being capital outlay. The 2012 capital outlay includes floor scrubber and Zamboni battery. <br />In addition, see attached memo from Rich and Lauren about the upcoming retirement of <br />Case Hayward and how they propose to reallocate the time and budget. <br />Revenues <br />I have attached the preliminary 2012 other revenues to review. These revenues are reviewed <br />yearly and updated for anticipated revenue. You will notice that the majority of revenues for <br />the general fund remain consistent with last year. A few additional changes are noted for <br />plumbing/heating permits with the number of potential commercial projects this has <br />increased for 2012. Also, the contribution from ERMU is expected to increase as the fleet <br />committee has been working hard to adjust purchases from the equipment replacement fund <br />to allow more to fund general fund operations. As part of additional budget adjustments <br />this amount may still be adjusted as the fleet committee is in final discussions on fleet <br />purchases. <br />Tax Lew <br />I have included three sample levy breakouts so you can see the overall tax levy at three <br />different levels that tie to our 2012 budget summary sheet. <br />N:\I'ublic Bodies\City Council\Finance\Tim\2071\budgetmemo0809.docx <br />