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City of <br />�. <br />Pequott <br />Lakes— <br />M <br />AGENDA ITEM #5.2.B. <br />REPORT TO <br />CITY COUNCIL <br />Date: November 9, 2010 <br />Subject: 2011 Preliminary Budget <br />Report: Attached is the revised preliminary budget. All of <br />the revisions that have been made since the preliminary <br />budget was set are listed in the attached document. <br />The levy is now at $1,477,460 which represents a 2.13% <br />increase from 2010. <br />If the Council approves of this levy amount, the enclosed <br />budget is the budget that will be presented at the December <br />Council meeting. Remember that this meeting is open for <br />public comment on the budget. It is also at this meeting that <br />the Council will set the final levy. <br />If there are Council Members who do not approve of this <br />amount, please come to the November Council meeting <br />with specific recommendations for further cuts. If you <br />need assistance in calculating the affect of your proposed <br />