9. SR 09-08-2009 - Laserfiche WebLink

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itEQUEST FQR ACTION ~ It~r~ urrr~b~r Ci Council 9. Benda. ecti~n ~e~n~ ~~~ repa.r~d b~ Bud et worksession Se tember $, 2009 Lori Johnson, Ci Administt•ator Items escrrp~~®n ev~ew~d by 2010 Tax Levy and Budget Discussion ~v~ev~ed y ct~®n euest~d Consider the following resolutions and motion for adoption no later than at the September 14 meeting: 1. A resolution authorizing the proposed property tax levy for collection in 2010. 2. A resolution approving the Housing and Redevelopment Authority 2010 tax levy. 3. A resolution approving the 2010 tax levy for economic development purposes for the Ells River Economic Development Authority. 4, A motion to set the budget meeting at which public comment will. be taken for December 7, 2009, at G,30 p.m. c~c r®und~ ~scussi~n The City must certify its tax levies to the County Auditor no later than September ~ 5. The levies include the maximum City levy and the HRA and EDA levies, As you knout, the Legislature changed the truth in taxation law this year eliminating the need for Muth in taxation public hearings. Instead the Council must schedule one regular meeting at which the budget and levy will be discussed and public comment will be tal~en, This meeting date must also be set by September 15. The Council has discussed the budget and levy at several meetings includ:tng worksessions on August 3 and August 10. During those meetings, the Council made a few minor adjustments to the general fund budget but did not set the proposed tax levy. At the August 10 meeting, a list of possible expenditure reductions was presented for Council review and consideration. The proposed reductions did not include an~j staff o~• capital items. ~lowever, some significant reductions were proposed to several departments mainly in supplies and contractual services. Any further reductions ~. these areas will likely cause a reduction in the level of service provided by those departments. The prelinlix~ary proposed 2010 budget discussed at those meetings was X12,327,$00. ~Jith the Council's reductions of $5,350 and the proposed reductions of ~277,G50, the revised 2010 budget is $12,044,500. The revised 2010 proposed budget is a 4.6$ percent reduction from the 2009 adopted budget and a 1.33 percent reduction from the 2009 amended budget. Revenue reductions of X30,000 were also proposed in response to the very low rate of development that has continued through the summex• and is anticipated to continue into next year, Additionally, a X325,000 2009 fund balance reserve carry over that will result from implementing the remaining proposed 2009 budget reductions is included as a 2010 revenue source. S:~Counci1~Lori~2009~bud~et tivorksession 09 d8 09.dac