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City of <br />Pequott <br />Lakes— <br />AGENDA ITEM #11.1. <br />REPORT TO <br />CITY COUNCIL <br />Date: September 1, 2009 <br />Subject: Preliminary General Fund Levy and HRA Levy <br />Report: The Council will be asked to set the preliminary <br />general fund levy and the HRA levy at this meeting. <br />At the last budget meeting on August 11, 2009, the Council <br />requested changes to the preliminary general fund budget <br />and in some instances, to some other non - general fund <br />budgets. These changes are reflected in the two attachments <br />that were prepared by Nancy Malecha. Please review these <br />revisions. <br />The revisions reflect a revised general fund levy of <br />$1,527,690 which is a 3.51 % increase from the 2009 levy. <br />This number reflects a $59,510 decrease from the proposed <br />levy presented at the August 11 th Council meeting. <br />The City will not know how this affects the City tax rate <br />until sometime in mid to end September. We will discuss <br />this when the information is received from the County. The <br />