7.0. SR 08-26-1996 - Laserfiche WebLink

Home Browse Search

Budget Worksession Memo August 26, 1996 Page 4 Another significant component of the budget for the City Council to review at its worksession is capital outlay purchases. The need for additional capital outlay items is increasing as the demand for more and better services also increases. In addition to the capital outlay items iclenfifieel in the budget, this financial concern also relates to the capital improvement program that is typically discussed in the winter. On Monday, we may have an opportunity to discuss some of these capital improvement program items that have been progressing forward this summer, along with the capital items in the 1997 budget. The 1997 budget also includes a new department called Sustainable City Energy Showcase (SCES), and a new operating budget outside of the general fund for the ice arena. Additionally, some organizational changes in the general fund will be reviewed with the council on Monday. At the 8/26/96 City Council budget worksession, the City Council will be asked to review the typical budget issues that it sees every year. These issues include taxes, determining the highest priority for new employees, and deciding what type of capital outlay equipment should be purchased. A key discussion point on Monday will be available tax revenues and the city's NTC. Attached for your review are some budget summary pages. Based on these figures, the budget gap is "only" $75,400. The detailed pages will be distributed at the worksession. Summary pages don't tell the entire story, but this information is offered for background material in preparation for Monday's meeting. On Monday, staff will be prepared to discuss the revenue and expenditures and the tax levy in as much detail as desired by the City Council. Attachments: · 1997 General Fund Revenues 1997 General Fund Expenditures Summary · 1997 Capital Outlay List · League of Minnesota Cities tax rate information (October, 1995) s:XcouncilXbudmm826.doc