10.1. SR 08-20-2012 - Laserfiche WebLink

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wg tIC 1 REQUEST FOR ACTION River To ITEM NUMBER Mayor and City Council 10.1 AGENDA SECTION MEETING DATE PREPARED BY Work Session August 20, 2012 Cal Portner, City Administrator ITEM DESCRIPTION REVIEWED By Budget Review REVIEWED BY ACTION REQUESTED Continue review of draft budgets, discuss preliminary General Fund budgets and preliminary levy. BACKGROUND/DISCUSSION Staff will provide an overview of the remaining General Fund budgets as well as Landfill, Garbage,and Storm Water budgets, and review the Equipment Replacement Fund. We have one more night scheduled for first review of budgets and the line item detail. Following this discussion, staff will provide a recap of the General Fund budgets. The preliminary levy and budgets must be certified to the county by September 15,2012. As you know, after the preliminary levy is set it cannot be increased,but can be decreased. The Council will approve the preliminary levy and budgets at their regular meeting scheduled for September 4,2012. The General Fund Budgets, as presented,represent a 2.69%increase over 2012,primarily accounting for inflationary increases to the same service levels as in 2012. The proposed preliminary tax levy represents the same tax levy as in 2012,which is the fifth consecutive year in which the City of Elk River would levied the same or less in taxes as the previous year. Following the approval of the preliminary levy on September 4,2012, staff will schedule additional budget meetings as desired by the Council to further refine the budget. We propose final budget approval for the regular meeting on December 4,2012. ATTACHMENTS • Budget Information Action Motion by Second by Vote Follow Up i. rr11 EIEl lr C:\Users\jmiller\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\GWL3I79K\Budget AME Discussion 08 20 12.docx