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08/14/2017 09/05/2017 <br />City of Elk River <br />Levied <br />Preliminary <br />Maximum <br />Tax Levy <br />Pay 2017 <br />Pay 2018 <br />Pay 2018 <br />General Fund <br />$9,969,250 <br />$10,873,200 <br />$10,725,800 <br />Library <br />53,650 <br />54,000 <br />54,000 <br />10,022,900 <br />10,927,200 <br />10,779,800 <br />General Property Tax Levy <br />Special Levies: <br />2010 GO CIP Bonds <br />368,030 <br />369,500 <br />369,500 <br />Economic Development Tax Abatement <br />172,840 <br />142,530 <br />142,530 <br />10,563,770 <br />11,439,230 <br />11,291,830 <br />Total Levy <br />General Fund Change from 2017 <br />$903,950 <br />756,550 <br />Percentage Change from 2017 <br />9.1% <br />7.6% <br />Total Dollar Change from 2017 <br />875,460 <br />728,060 <br />8.3% <br />6.9% <br />Change <br />Note: This will be adjusted as we go thru the budget process and do updates. <br />9/5/17 Adjustments: <br />Revenues: <br />Licenses & permits <br />Transfers in <br />Expenditures: <br />Police - supplies/utilities <br />Police - new patrol officers start 5/1 <br />Fire - Captain position start 3/1 <br />Fire - supplies <br />IT- Microsoft Office 365 reduction <br />Parks - fertilizer early purchase out of 2017 <br />Recreation - advertising/marketing <br />101-0000-3214 (5,000) <br />101-0000-39XX (21,400) <br />Revenue Additions (26,400) <br />101-2110/2190 <br />(14,000) <br />101-2120-41XX <br />(44,700) <br />101-2310-41XX <br />(13,300) <br />101-2320-4219 <br />(6,000) <br />101-1350-4404 <br />(13,000) <br />101-5110-4219 <br />(10,000) <br />101-5210-4349 <br />(20,000) <br />Expenditure Reductions (121,000) <br />Tax Levy Reduction (147,400) <br />