Workshop Item: - Joe Huss, Finance Director
Title
2019 BUDGET UPDATE - INITIAL FINANCE REVIEW
Background
At the July 19 workshop, staff will present for Council review and discussion an overview of the 2019 General Fund Budget that incorporates initial departmental requests.
At the budget workshop of June 14, staff presented Council with a quick overview of department head requests and confirmed the Council’s direction to begin 2019 budget planning under the assumption that the overall combined tax levy for the City and EDA will match that of the 2018 overall tax rate for the City and EDA.
As of July 10, after preliminary Finance review, with allocation of the 2019 preliminary levy based on the most recent Anoka County valuation data, the General Fund Budget has a funding gap of just under $200,000.
The 2019 Preliminary Budget is currently under City Manager review. It is expected that the City Manager’s recommended 2019 General Fund Budget will be reviewed with Council at the August 9 Workshop. As part of the review process, the City Manager and staff will be reviewing division level responsibilities and identifying programs and activities that fall within the City’s budgetary guiding principles. Requests will also be considered relative to their fit in the City’s five-year budget model.
Recommendation
Upon review of the current status of the 2019 General Fund Budget, staff is seeking Council comment and direction on the 2019 preliminary budget.