4.0. SR 09-07-1999 - Laserfiche WebLink

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. . . As previously noted in this memo, the changes requested by the City Council at the 8/30/99 meeting result in a new budget gap of $161,300. Additional changes for the City Council to consider include the following: . The attached list regarding small, miscellaneous departmental cuts amounting to $24,750. . Consider eliminating the city contribution to either the Historical Society ($3,000) and/or the Rivers of Hope ($3,000). In effort to balance the budget, the City Council should not forget the concern over the level of its City Council contingency fund. It is suggested that this departmental budget be increased in order to provide some City Council flexibility in making decisions on unforeseen requests. Another revenue source the City Council has not discussed in great detail, but should be considered, is a franchise fee from the gas company to operate in Elk River. This may not be required in 2000 to balance the budget, but it could be a significant help in funding the city capital equipment program. Hopefully this would reduce the city's dependence on equipment certificates in the long run. The City Council should review the attached memo and material regarding the ice arena budget in order to better understand the financial issues facing this operation. Action needed by the City Council on 9/13 includes: . Approval of the EDA tax levy resolution . Approval of HRA tax levy resolution . A motion approving the debt levy changes as presented by the Finance Director . Approval of a resolution authorizing the proposed maximum property tax level for 2000 . Setting the truth in taxation public hearing dates for December and its continuation date Finally, the City Council should set its October public hearing date to consider the tax levy increase resolution as required by the new state law.