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<br />rei ---'\) <br />( )j <br />!l~ <br /> <br />Item #6. <br /> <br />MEMORANDUM <br /> <br /> <br />FROM: <br /> <br />Mayor & City Council <br /> <br /> <br />::y:,e:;~:iti~nistrator <br /> <br />DATE: <br /> <br />SUBJECT: 2000 Budget <br /> <br />The first City Council worksession for the 2000 budget is scheduled for <br />Monday, July 26,1999, in the Training Room. At this worksession, feedback <br />and direction from the City Council is needed in order for staff to put together <br />a draft budget for the next budget worksession on Monday, August 30, 1999. <br />The proposed maximum levy must be approved by the City Council and <br />certified to the county no later than Wednesday, September 15, 1999. <br /> <br />The agenda for the budget worksession looks something like the following: <br /> <br />. <br /> <br />. Discuss and review 2000 proposed revenues <br />. Discuss and review the 2000 proposed expenditures <br />. Discuss and review the special levy and special revenue budgets <br />. Discuss the 2000 budget gap, the tax levy and miscellaneous <br />financial issues <br /> <br />The details on the general fund budget revenues are fairly straightforward <br />and only two pages in length. These revenue pages are attached for your <br />review and these revenues will be discussed in detail in this memo. <br />Additionally, some miscellaneous financial information is also attached for <br />your review that will hopefully help everyone understand some of the budget <br />issues we annually face in Elk River. The expenditure detail pages are more <br />lengthy in number (almost 30 departmental budgets) and are still being <br />worked on at this date. These departmental budgets will be handed out in <br />worksheet form when they are discussed on July 26. <br /> <br />. <br /> <br />City budget issues in 2000 are similar to what we have faced in the past few <br />years. Simply stated, the challenge facing us is how the city can finance <br />increased demand for services. The budget concerns for 2000 include how the <br />city can finance additional personnel, capital outlay items, plus increases and <br />additional services/programs, when the only significant increase in revenues <br />comes from taxes. This will be especially challenging (as it was the last two <br />years) with the continued compression of the tax classes which impacts the <br />city's net tax capacity (NTC) growth and the resulting tax rate. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330. TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br />