5.0. SR 08-07-2000 - Laserfiche WebLink

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Budget ~0u~st 1, 2000 Page 2 What makes the situation especially worrisome is that the 2001 budget does not include any additional police officers and the request for police vehicles is down from $136,000 in 2000 to $69,000 i~ 2001. At this time, which is very early in the budget process, we are appro ~imately $468,900 apart between projected revenues and requested expend itures. Most of the City Council decisions to close the budget gap will rela terms of personal services (additional em (mostly vehicles and equipment), and con new city programs and services. The met] will be the same as before and will requir reserves, budget cuts, and some decisions budget rather than waiting until next ye~ REVENUES The 2001 General Fund Revenues are pr( This represents a 4 percent or $236,250 budget. Taxes... Overall this category is projecte, $237,650 to a total of $3,593,750. (This in In projecting the General Fund tax levy r rate of 30.248 percent and assumed a 5 p, capacity (NTC). The city will not get a Nq mid to late August. I expected a higher re be conservative in the first go-around. Afl items from the total in the tax levy resolu Fund tax levy amount of $3,542,757. ThL, General Fund tax levy increase. Compari budgets, over the last six years the Gene~ averaged over $317,000 per year. Licenses and Permits... Overall this ca' percent or $10,750 to a total of $467,350. There are three significant changes to nol liquor licenses, so this revenue is up $7,0~ te to city priorities, especially in ?loyees), capital outlay items tinuing, expanding, or establishing hods to solve the budget problem e additional tax revenue, use of city to finance requests out of the 2000 Lr. ected in the amount of $6,098,750. crease over the adopted 2000 to increase by 7 percent or '.ludes the gravel tax.) ~venues, staff used the 2000 city tax .~rcent growth in the net tax !C estimate from the county until te of growth, but felt that we should ;er deducting the other tax levy line tion, we were left with a General represents a 7 percent or $231,650 ~g adopted budgets to adopted al Fund tax levy increase has ;egory is projected to decrease by 2 ;e. The city has issued two more )0. Based on 90 percent of the prior year actual figures, the building permits ~re down $12,200 and the plumbing/heating permits are down $7,200. This is due to the 1999 actuals being less than the 1998 actuals. Intergovernmental Revenues... Overall this category is projected to increase by 1.7 percent or $17,150 to a total of $1,033,250.