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<br />Request for Action <br /> <br /> <br />To <br />Mayor and City Council <br />Item Number <br />3.1 <br />Agenda Section <br />Worksession <br />Meeting Date <br />September 12, 2016 <br />Prepared by <br />Lori Ziemer, Finance Director <br />Item Description <br />2017 Budget <br />Reviewed by <br />Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Continue review of 2017 budget <br /> <br />Background/Discussion <br />Over the past several months staff has presented the budget requests and related goals for each <br />department. <br /> <br />Staff will do an overview of the entire budget and provide an update on the preliminary levy and related <br />items. <br /> <br />General Fund Update <br />On September 19, the Council must approve a maximum levy to be certified to Sherburne County by <br />September 30, 2016. The current levy is estimated at a 4.8% change for 2017. Over the upcoming <br />months staff will continue to review line items to adjust for cost changes and/or more information on <br />various items. <br /> <br />The city tax rate is projected to increase from 46.17% to approximately 46.44% for 2017, which is subject <br />to change pending any final adjustments from the County Assessor on property values/final adjustments. <br /> <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> <br /> General fund summary <br /> Capital outlay summary sheet <br /> Personnel summary sheet <br /> Tax levy/Tax rate breakout <br /> Preliminary 2016 tax values for taxes payable 2017 <br /> Sample properties <br />