BUDGET DISCUSSION 08-27-2007 - Laserfiche WebLink

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· Hold full-scale emergency drill o Building Inspections . Purchase and implement electronic data management o Engineering · Work with Sherburne County to create GIS map o Park Maintenance · Hire various consults for park planning o Recreation · Increase special comrriunity events o Senior Citizen Programs · Expand programmingi at new location As proposed, expenditures exceed revenues in the General Fund by $505,450. Revenues are projected at $12,117,050; a 4.41 percent increase. Expenditures are proposed at $12,622,500; an 8.76 percent increase. This gap will be el.i.qllnated in several ways: The NTC increase is estimated conservatively and it is hoped that jt will be higher than six percent; some of the capital outlay requests may be eliminated; discretionary items will be reviewed to determine which ones are lower priorities that can be elinllnated; the contingency budget can be reduced; minor revenue adjustments may be made; and all budgets will be reviewed and further reductions made as needed. In addition, the transfers out to fund operating shortfalls at the Ice Arena and Pinewood Golf Course may be reduced if those budgets are adjusted. In addition to the Ice Arena and Pinewood Golf Course, the other special revenue funds include the Library, Landfill, Insurance Reser!ve, and Surface Water Management. The Library and Surface Water Management actiV1ities are funded by a tax levy while the Ice Arena and Pinewood Golf Course are funded mainly by user fees but also by a tax levy through a transfer from the General Fund. 'The Landfill and Insurance Reserve are funded through other revenue sources. Finally, please bring this packet with you to the August 27 budget meeting. If you would like any additional information before then or have questions, let me know. Tim Simon and I will be prepared to discuss the tax levy and go over the budgets in detail at the meeting.