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<br />A.( -\.( <br />( II <br />rli< River <br /> <br />ITEM 7. <br /> <br />FROM: <br /> <br />PAT KLAERS, CITY <br /> <br /> <br />TOR <br /> <br /> <br />TO: <br /> <br />MAYOR & CITY COUNCI <br /> <br />DATE: AUGUST 26, 1993 <br /> <br />SUBJECT: BUDGET WORKSESSION <br /> <br />A budget worksession is scheduled with the City Council for <br />8/30/93. This will be the major agenda item for the City <br />Council meeting although a few agenda items are scheduled <br />before we begin our 1994 budget worksession. Following Council <br />action on these few items, we will then adjourn to the Police <br />Training Room for our worksession on the proposed 1994 budget. <br /> <br />To assist you in analyzing and understanding the proposed 1994 <br />budget, all Councilmembers are encouraged to bring their <br />adopted 1993 budget. <br /> <br />e <br /> <br />The agenda calls for all information regarding the 1994 budget <br />and levy to be distributed to the Council on 8/30/93. We will <br />then discuss and review the issues related to balancing the <br />municipal budget. A follow up budget worksession is scheduled <br />for 9/7/93 and at this meeting it is hoped that most of our <br />1994 municipal budget and levy decisions can be made. In <br />anticipation of a slightly longer budget process this year, it <br />is requested that on 8/30/93, the Council add a budget agenda <br />item to the special City Council meeting that has already been <br />called for 9/13/93. This should be done by formal Council <br />action. The discussion of the budget on 9/13 may be necessary <br />in order to certify to the County the proposed maximum levy and <br />budget by the 9/15/93 deadline. <br /> <br />The proposed budget at this time looks similar to many of the <br />previous budgets that have been presented to the City Council. <br />In this regard, we have about a five percent (5%) gap between <br />the requested expenditures and the revenues that can <br />reasonably be assumed to be available with only a minor effect <br />on the City tax rate. This five percent budget gap between <br />requested expenditures and available revenues is $145,800. In <br />three of the past six years we have dealt with larger budget <br />gaps than this and have always been able to produce a balanced <br />budget. <br /> <br />-- <br /> <br />P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br />