6.a) Adoption of 2011 Budget and Final Property Tax Levy and 2011-2015 Capital Improvements Program Meeting Date: 12/21/2010
Agenda Item: /� ��
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City Council Agenda Report
City of Scandia
14727 209�` St. North
Scandia, MN 55073 (651) 433-2274
Action Requested: Hold the final hearing and adopt a resolutuion approving the budget
and certifying the property tax levy for 2011 and approving the 2011
through 2015 Capital Improvement Plan(CIP).
Deadline/Timeline: The final tax levy must be certified to the county by December 28,
2010.
Background: • The Council held a public meeting on the proposed 2011 budget
and tax levy on Tuesday, December 7. A brief presentation was
made; there were no questions or comments about the budget.
• The Planning Commission held a public hearing on the 2011
through 2015 Capital Improvement Plan(CIP) at its November 3,
2011 meeting. The Council deferred action at that meeting until
such time as the budget is adopted.
• No changes have been made to the draft budget and CIP presented
at the December 7 meeting. The Council may choose to make
changes before adopting it.
• The draft budget is balanced, with revenues exceeding expenses
by $404. The only "contingency"built into the budget is a
$38,500 contribution to the Capital Improvement Fund. This is
recommended to partially offset the spend-down of over$150,000
in a113 capital funds, and to add to reserves. Risks to 2011
revenues include loss of MVHC beyond projections, unresolved
tax petitions, and possible under-collection of property taxes.
• The draft budgets along with the presentation materials for the
public meeting are posted on the City's website.
Recommendation: I recommend that the Council adopt the resolution.
Attachments/ • Draft Resolution No. 12-21-10-OS
Materials provided:
Contact(s):
Prepared by: Anne Hurlburt, Administrator
(budget levy CIP 2011)
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