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<br /> <br />*Item 3.5.* <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor and City Council <br /> <br />FROM: <br /> <br />Pat Klaers, City Admini~;:;p~ <br />November 22, 2004 <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />2005 Budget Update <br /> <br />The city has eight programs or budgets that are identified as "supplemental" budgets. Tbese <br />supplemental budgets are: <br /> <br />. <br /> <br />Library <br />Surface Water Management (SWM) <br />City Special Assessments <br />Ice Arena <br />Equipment Certificates <br />Equipment Reserves <br />Sanitary Landfill <br />Safety <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Attached for your review are the budget pages or worksheets for each of these supplemental <br />budgets. Comments on each supplemental budget or program are offered below. These <br />supplemental budget pages will be part of the Truth in Taxation public hearing on <br />December 6, 2004. <br /> <br />Library <br />This budget is not changing much from 2004 to 2005. In the revenues area, the tax levy <br />amount has remained the same at $69,000. This goes toward operating expenses and any <br />excess revenues over expenditures get placed into the reserve for the Library expansion. It <br />should also be noted that the host fee revenues has increased to better reflect the monies <br />that are actually received. Now that the debt on the 1994 Library expansion project has been <br />paid off, all of these host fee funds end up in the landfill reserve and will be applied toward <br />the expansion that is planned for 2007. <br /> <br />s: \CoW1cil\Pat\Budget\2005\BudgetUpdate112204.doc <br />