5.6. SR 08-08-2005 - Laserfiche WebLink

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Itell1 5.6. MEMORANDUM TO: Mayor and City Council FROM: Pat Klaers, City Admir~rt~!~~, i/ C~fj 1\ ,,' ',oS' J {,,-JJI ;1 t/.~,.! .". . .{~"\~ '\..~ ...........'. August I, 2005 DA TE: SUBJECT: 2006 B'udget Introduction i\t the .L\ugust 8, 2005 City Council worksession, I \vould like to pro'vide dle City Council \vith a preliminary and general o\rervie\v of dle 2006 budget and recei~le feedback froln tlle City Council on some budget issues. The most important issues to discuss are staff additions, capital outlay items, and tax re\renues. This feedback \vill help staff in putting togetller material for a special City Council budget worksession that I would like to schedule for eitller .L~ugust 22 or .L~ugust 29. 2005 Bud~et Status Before beginning a discussion on the 2006 budget a brief re-vie\v of \'There \ve are at \vidl tlle 2005 budget is in order. Regarding 2005 re,renues, \ve are going to be ,rerr close to hitting our $9,284,100 budget. One concern is grO\vth related re'ienues. Tllese grO\vth related re-venues are building permits, plumbing/heating permits, and plan check fees. Building acti\Tit:y has slo\ved do\vn from \\rhat \ve experienced the past t\vo years and the budgeted amounts for these rev-enues are at the higllest le,rel ever. \Y/ e may reach our budget for these re'Tenues, but it \vill be close. On the expenditure side of tile budget it appears that \ve \vill be at or belo\v the budget. ~Addit:ionally~, v.ery little of dle Council Contingency has been spent so far. O,rerall the 2005 budget is in fine shape. HO\Ve\Ter, in previous years \\le have generally had a revenue sUlplus (due to a higher than expected level of grO\vth and de\Telopment activities) and tllerefore \ve llad some flexibility to consider end of the year expenditures. This is not \vhat I anticipated to l1appen this year.