5.0. SR 08-31-1998 - Laserfiche WebLink

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1999 Budget Memo August 31, 1998 Page 7 then the total general fund additional revenues will be in the $455,000 range and all of this general fund revenue increase will be in the taxes category. In addition to the personal services increase in 1999, the other budget categories typically increase in the $150,000 range. Accordingly, even if we levied to the maximum allowed by law, the city will still have a budget gap of $150,000 - 200,000 between available revenues and requested expenditures. With some cuts in requested expenditures, some increases in revenues, by purchasing some equipment now rather than in 1999, or by encumbering some 1998 funds for 1999 expenses; then it is believed that this $150,000 - 200,000 budget gap can be reduced down to a more reasonable and manageable level (i.e. under $50,000). SPECIAL LEVY AND SPECIAL REVENUE BUDGETS Outside the general fund, the city has a number of budgets that are special levy or special revenue budgets. These budgets are as follows: · Library · Surface Water Management (SWM) · Special Assessments · Equipment Certificates · Equipment Reserves · HRA · EDA · Landfill · Ice Arena The 1999 Library and SWM budgets have no substantial changes from the budgets that were adopted in 1998. The Special Assessments budget is going up in 1999 due to the city assessments for the Lake Orono project. These assessments are in addition to the city's contribution to the project. The Equipment Certificates are projected to increase in 1999 based on the street department's need for a new truck. Please note that the equipment certificate level is anticipated to remain near the $200,000 mark for the foreseeable future as the street department needs are anticipated to continue at the level identified in the 1999 budget. Certificates have been in the $100,000- $120,000 range for the past few years. Equipment Reserves are projected to increase due to the fire department request for tanker truck chassis in the amount of $75,000. Funding for this trunk expenditure will come from the Utilities' contribution.