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<br />county (36%), the school district (24%), and other jurisdictions (2%). For businesses, the city’s share is about <br />28% of the total. <br /> <br />Primarily, the property tax levy (93%) funds city services such as police, fire, street maintenance, parks and <br />recreation, and general government. The remaining 7% pays for debt service, tax abatement, and library <br />operations. <br /> <br />Special Revenue Fund Budget <br />The FT Center budget is undergoing further revisions based on several changes for 2025 to be reviewed by <br />the Multipurpose Facility Advisory Commission (MFAC) on December 9, 2024. The MFAC will recommend <br />an amended budget for Council approval on December 16, 2024. Factors for 2025 changes include: <br />▪ Use of federal ARPA funds as revenue replacement with the sole purpose of those dollars funding hard <br />surface improvement including concrete flooring, sportcourt, and turf alterations to enable the turf to <br />be rolled and replaced seasonally for peak utilization periods. <br />▪ Revised revenue and expense projections for the Overlook Lounge using current market trends and <br />established hours of operation. <br />▪ Revised revenue projections based on approved rates and projected facility rentals. <br /> <br /> <br />Financial Impact <br />Below is a summary of the proposed budgets Council has reviewed and to be approved: <br /> <br /> <br /> <br /> <br /> <br />Mission/Policy/Goal <br />Responsible for every dollar - good stewards. <br /> <br />Attachments <br />1. 2025 Final levy resolution <br />2. 2025 Budget Presentation <br /> <br /> <br />Page 179 of 211