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Eclty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 9.1 <br /> Agenda Section Meeting Date Prepared by <br /> Work Session August 19, 2019 Lori Ziemer, Finance Director <br /> Item Description Reviewed by <br /> 2020 Budget Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Continue 2020 budget discussion. <br /> Background/Discussion <br /> After the budget review meetings with departments on July 29, the General Fund budget was $17,451,200 <br /> and the initial preliminary property tax levy was $13,555,055. <br /> The General Fund budget and preliminary levy were reduced $367,000 during the August 5 work session <br /> by eliminating$260,500 capital outlay items and transferring$106,500 of personal services to the multi- <br /> purpose facility budget for 2020. <br /> Due to recent personnel vacancies and the elimination of the planning intern, $60,600 of additional <br /> savings can be realized in the General Fund budget/levy. In addition, the elimination of the Government <br /> Building Reserve levy of$21,685 will create an additional total savings of$82,285 to the preliminary levy <br /> for 2020. <br /> The above mentioned adjustments bring the General Fund budget to $17,023,600,which is a 4.9% <br /> increase over 2019. The preliminary tax levy is decreased from $13,555,055 to $13,105,770,which is a <br /> 9.8% increase. <br /> Other items for consideration that are not reflected in the 2020 budget or levy based on council <br /> discussions or requests include: <br /> ■ Elk RiverFest- $25,000 excess expenses over revenues based on 2019 + $10,000 additional July <br /> 41h expenses <br /> ■ Council security- $6,000 additional police overtime <br /> ■ Downtown watering of plant hangers on light poles - $8,000 additional parks staffing <br /> The Mayor has proposed the following adjustments to the preliminary tax levy: <br /> ■ $32,900—Investigative Assistant start 7/1/2020 <br /> ■ $64,000—Phased retirement put off until 2021 <br /> ■ $150,000—Decrease 2010 GO Public Safety Bldg. Bond levy (no 2020 sinking fund allocation) <br /> ■ $100,000—Transfer in to General Fund from Capital Outlay Reserves <br /> The Elk River Vision <br /> A PehoMing community 2a itb revolutionary and spirited resourcefulness, exceptional POWERED By <br /> service, and community engagement that encourages and inspires prosperity INAMIRE1 <br />