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OR <br />AGENDA ITEM #3 <br />REPORT TO <br />CITY COUNCIL <br />Date: August 17, 2010 — 6:00 p.m. <br />Subject: 2011 Budget Work Session <br />Report: The proposed 2011 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 $1,619,000. This represents an $173,000 <br />increase (10.69 %) from 2010. To give you a perspective of <br />this number, past levy increases are listed below. <br />• 2005 — 2006 <br />= $200,000 levy increase <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 = ($28,000) levy decrease <br />• 2010 — 2011 = $173,000 proposed preliminary levy <br />increase <br />