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City PettT\ AGENDA ITEM #10.1 <br /> Lakes ---- <br /> REPORT TO <br /> CITY <br /> COUNCIL <br /> Date: October 7, 2008 <br /> Subject: Review 2009 Budget Amendments <br /> Report: At the September Council meeting the Council <br /> requested departments to review their budgets and to cut as <br /> much as possible. The directive from the Council was to try <br /> to reach a 0% levy increase from 2008. <br /> Nancy has prepared the revised budgets and a cover sheet <br /> showing the amendments that have been made. I would like <br /> to commend all departments for putting forth an honest <br /> effort to cut as much as possible from the general fund <br /> budget. At the present time, the increase from the 2008 levy <br /> is at 1 .67% ($24,800). We do not have the information <br /> from the County at this time to determine the affect on the <br /> City's tax rate. Hopefully Nancy will have this information <br /> to present at the Council meeting. <br /> Council Action Requested: If the Council determines that <br /> the budgets are acceptable, then this is what will be <br /> �.- presented to the Council at the Truth in Taxation hearing in <br />