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MEMORANDUM <br /> TO: MAYOR AND CITY COUNCIL <br /> FROM: SANDY PEINE <br /> DATE: AUGUST 16, 2004 <br /> SUBJECT: 2005 PRELIMINARY BUDGETS <br /> The preliminary budgets have been put together by department for Council <br /> review. Nancy Rudbeck and I have made a few changes to the budget <br /> structure. We have included notes at the end of each budget line item <br /> explaining any changes made. Notes have also been included at the end of <br /> line items to explain the actual budgeted items. <br /> The Council meeting is scheduled in half hour increments so that we can <br /> review each department budget in about one-half hour. We will have to try <br /> to stay on the allotted time schedule in order to review all of the budgets. <br /> The City has to adopt a proposed budget and certify the proposed tax levy to <br /> the county auditor by September 15. <br /> BUDGET SUMMARY SHEET <br /> The proposed budget shows an increase from 2004 to 2005 of 14%. The last <br /> page of each budget explains the main reasons for the increase in the budget. <br /> The major increases in most budgets include a wage increase of 5% and the <br /> increase in health insurance benefits. The numbers used to calculate these <br /> two categories are estimated. <br /> General Government <br /> General Government includes the Mayor/Council, clerk, elections, and debt <br /> service. Some categories from other department budgets were merged into <br /> the General Fund Budget <br />