10.2. SR 09-03-2013 - Laserfiche WebLink

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City of Elk - Request for Action River O. To Item Number Mayor and City Council 10.2 Agenda Section Meeting Date Prepared by Work Session September 3, 2013 Tim Simon, Finance Director Item Description Reviewed by 2014 Budget Cal Portner, City Administrator Reviewed by Action Requested Continue 2014 budget discussion. Background/Discussion General Fund Update An update of the General Fund will be provided. Over the next several months we will work on updating the budget with new information on expenditures and any revenue adjustments. Currently, the General Fund revenues are over expenditures by$65,189,which will be adjusted up or down as new information is made available on estimates. The county has recently indicated that our preliminary Net Tax Capacity (NTC) number will increase 0.66%,which is the first increase in several years. As a result, based on the maximum tax levy and an increase in the NTC the overall city tax rate will decrease for 2014. This is preliminary information and subject to change as the county completes their assessment work. Personnel Requests At the last budget work session the Council asked for some time to review the personal requests that are included in the preliminary 2014 budget. They are summarized on the personnel request sheet that is attached in your packet. The positions included in the preliminary budget have been requested by staff during the budget review process and recommended by the city administrator. You will also notice several other positions or position modifications that have been requested but not included in the budget which is summarized in the lower part of the spreadsheet. Financial Impact N/A Attachments • Budget Summary (General Fund) • Budget Adjustment Summary (General Fund) • Tax rate breakout • Personal Summary worksheet P a w E A E U s r NaA f RE]