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c��y of <br /> AGENDA ITEM #10.2 <br /> Pe uot <br /> q <br /> Lakes= - <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: November 7, 2017 <br /> Subiect: 2018 Preliminary Budget & Tax Rate Review <br /> Report: The attached 2018 Preliminary Budget Report <br /> illustrates the revised preliminary budget information with <br /> the following changes. I am recommending that the <br /> Council proceed with the following changes as updated <br /> information and recent Council action has warranted these <br /> changes. <br /> • Increase State Aid — Police revenue by $720 due to an <br /> increase in aid received in 2017. <br /> • Decrease Employer Share — Health Insurance <br /> expenditures by $2,440 as the health insurance <br /> premium increase has been reduced due to the <br /> changing of plans from two to one. <br /> • Decrease Administration — Contract Services by <br /> $3,000 due to the reduction of audit service fees. <br />