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AGENDA ITEM #3 <br />REPORT TO <br />CITY COUNCIL <br />Date: August 9, 2011 — 6:00 p.m. <br />Subiect: 2012 Budget Work Session <br />Report: The proposed 2012 budgets are attached. <br />Department heads will be present to review budgets. <br />General Fund Budgets - Tax Levy <br />The attached General Fund budgets project a preliminary <br />tax levy of $1,509,276. This represents a $30,276 increase <br />(2.01 %) from 2011. To give you a perspective of this <br />number, past levy increases are listed below. <br />• 2006 — 2007 <br />= $60,000 levy increase <br />• 2007 - 2008 <br />= $98,000 levy increase <br />• 2008 — 2009 <br />= $16,000 levy increase <br />• 2009 - 2010 <br />= ($28,000) levy decrease <br />• 2010 — 2011 <br />= $33,000 levy increase <br />• 2011 — 2012 = $30,276 proposed preliminary levy <br />increase <br />