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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 10.2 <br />Agenda Section Meeting Date Prepared by <br />Work Session September 7, 2021 Lori Ziemer, Finance Director <br />Item Description Reviewed by <br />2022 Budget Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Continue 2022 budget discussion. <br /> <br />Background/Discussion <br />The General Fund budget for 2022 is currently $18,987,050 and the preliminary tax levy is $14,134,100. We are <br />awaiting the NTC value from the county but have received early estimates of about $31,184,310. This would result <br />in a tax rate of about 45.324%, compared to 44.556% in 2021 and 46.241% in 2020. <br /> <br />On September 20, the Council will adopt the maximum preliminary tax levy for taxes payable 2022 to be certified <br />to the county by September 30. The final tax levy will be adopted in December and can be the same or lower, but <br />cannot be greater, than the preliminary tax levy. <br /> <br />General Fund Update <br />Based on the recent workers’ comp premium quote, the 2022 General Fund budget was increased $31,500 with <br />the bulk of the increase reflected in police and fire. Attached are the adjustments currently reflected in the 2022 <br />General Fund budget as we have progressed through the budget review process. <br /> <br />Discussion Items to Consider <br /> Police – authorization to move forward in 2021 with the hiring of the crime prevention specialist as a <br />sworn officer position. The crime prevention specialist is currently a vacant non-sworn position in the <br />2021 budget. <br /> Park Maintenance – consider increase of $50,000 for buckthorn removal at Woodland Trails Regional <br />Park. This will increase the General Fund budget to $19,037,050 and the preliminary levy to $14,184,100, <br />with a tax rate of 45.485% <br /> Council direction regarding the General Fund budget and preliminary tax levy. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />The city’s mission is to grow responsibly and be good stewards for every dollar to develop a sustainable and <br />prosperous community. <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br /> <br />