Workshop Item Alison Bong, Deputy Finance Director
Title
Title
Preliminary Levy and City Manager Initial General Fund Budget
end
Background
Council members participated in small group discussions between August 2 and August 10 during which staff presented the City Manager’s initial General Fund budget and a recommendation for the Preliminary Levy.
Council had the opportunity to provide feedback, topics for future council workshops, and ask questions. In response, staff has produced a final copy of the presentation from the small group meetings which includes additional details within the presentation and a supplemental attachment with question and answers and topics requested for further discussion by council.
State Statute requires local governments to adopt a preliminary levy by September 30; Council will vote to adopt the preliminary levy for both the general levy and the Economic Development Authority (EDA) levy at the Monday September 19 council meeting. Council will adopt the final levy for both the general and EDA levies at the Monday December 19 council meeting. Best practice is to adopt a preliminary levy that provides adequate flexibility for the council to react to changing economic conditions and needs of the community. Because the final levy cannot exceed the preliminary levy, staff has prepared a few scenarios for council to consider for a preliminary levy.
Staff Recommendation
Provide feedback on the proposed 2023 budget General Fund budget and indicate the preferred preliminary levy. Staff recommends consideration of the proposed levy + 3% scenario to provide adequate opportunity for discussion of council proposed initiatives and inclusion in the 2023 budget and final levy.
Indicate which council proposed topics should be scheduled for further discussion at future workshops.
Attachment List
Small group discussion packet with supplemental attachment
Presentation with supplementation attachment sections