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City Council TNT Memo - 12/1/2008 <br /> Page 3 of 4 <br /> 4.1. GENERAL FUND BUDGET - TAX LEVY FUNDS <br /> Background Information <br /> • 9/2/08 Preliminary Levy - $1,522,106 - (4.21% increase from 2008) <br /> (The Council gave direction to staff to try to reduce the levy to a 0% increase) <br /> • 10/7/08 — Levy reduced to $1,482,800 (1.67% increase from 2008) <br /> • 12/1/08 — Levy further reduced to $1,474,000 (1.09%, or $16,000 increase from <br /> 2008) (Current preliminary levy) <br /> Nancy Malecha has prepared a summary budget sheet that shows variances from the <br /> 2008 to the 2009 budgets. <br /> Budget Adjustments — Nancy has also prepared a preliminary budget adjustment <br /> sheet. This sheet shows the budget amendments that were made from 9/2/08 to <br /> present which resulted in a reduced levy number of$1,474,000. <br /> The General fund budgets have increased by $22,610 from 2008 to 2009. This increase <br /> is due mainly to wages, PERA, Insurances, and fuel. <br /> 4.2. HRA BUDGET <br /> The HRA Levy is set at $31,000. This is a 0% increase from 2008. <br /> 4.3. SPECIAL REVENUE FUNDS <br /> Special revenue funds are not funded by taxes. <br /> Park— Increase in expenditures of$1,330. The Council should keep in mind that <br /> in 2010, money to fund this budget will have to come from taxes. The park fund is <br /> currently funded from money that was passed on from Sibley Township. After <br /> 2009 this money will be depleted. <br /> Chamber of Commerce — Shows an increase of$9,470 because we did not set <br /> a budget for this fund in 2008. This fund shows the Chamber's payments on the <br /> Trailside Park Chamber Building. <br /> Library— Decrease of$2,500 <br /> Community Policing — Decrease of$4,830 <br /> Cemetery— Decrease of$150. <br />