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� <br />� <br />�.. <br />City of <br />Pequot <br />Lakes - <br />Date: <br />AGENDA ITEM #5.2 <br />REPORT TO <br />CITY COUNCIL <br />September 4, 2012 <br />Subiect: 2013 Proposed Preliminary Budgets and Levies <br />Report: Attached are the 2013 proposed preliminary <br />budgets and levy. Nancy Malecha revised the budget to <br />include the Council recommendations from the August 21 St <br />Council meeting. Those changes include the following: <br />• Decrease in LGA revenue of $30,000 <br />• IT budgets reallocated to specific departments <br />� Reduced employee wage increases to 1.25% <br />• Reduced Council wages by $50 per month <br />• Eliminated the Sergeant position from Police budget <br />With the above budget changes, the preliminary levy is at <br />$1,591,794. This represents a 6.30% increase from the 2012 levy. <br />The deadline for setting the preliminary levy is September 15tn <br />The amount set for the preliminary levy cannot be increased after it <br />is set. <br />Council Action Requested: Council motion adopting the <br />attached Resolution setting the 2013 tax levies. <br />