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Major Challenges for 2014

Major Challenges for 2014

jolene-williamson
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Major Challenges for 2014

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  1. Major Challenges for 2014 • Additional $607,375 for the Forest Lake City Center lease payment. The other half of the lease payment/debt service will be levied in the payable year 2015 budget. The impact of the increased levy will be mitigated by the expiration of a two TIF Districts that will add significant value back into the overall tax base. • Proposed levy increase of 12.4% increase compared to the the 2013 levy. Of this increase, 32% is attributable to General Fund activities and 68% is attributable to the lease payment/debt service associated with the Forest Lake City Center project. • Levy limits

  2. Residential Example

  3. Residential Example

  4. Strategic Planning & Policy Considerations

  5. Strategic Planning & Policy Considerations

  6. Strategic Planning & Policy Considerations

  7. Strategic Planning & Policy Considerations

  8. Finance Committee Recommendations • Establish a separate Sewer and Water Fund. • Proceed with the purchase of Gateway Signs using Capital Improvement Fund resources. • Delay completing the Public Works Facility Concept plan until consensus exists to move forward on the project.

  9. Strategic Planning & Policy Considerations

  10. Strategic Planning & Policy Considerations

  11. Strategic Planning & Policy Considerations

  12. Park Board Recommendations

  13. Park Board Recommendations

  14. Park Board Recommendations

  15. Park Board Recommendations

  16. National Parks and Recreation Association Park Investment Benchmarks • National Average Spending for Parks and Recreation = $76 Per Capita • City of Forest Lake Average Spending for Parks and Recreation = $16.96 Per Capita

  17. Council Budget Review • Budget Workshop, August 8th at 6:30 pm- Complete • Finance Committee Review, August 13th at 11:00 am- Complete • Budget Workshop, August 22nd, 2013 at 6:30 pm (Public Input Session) • Budget Workshop, August 29th, 2013 at 6:30 pm- Optional

  18. Discussion Questions • Provide direction on the four remaining strategic planning/policy items. • Is the Council comfortable with the Finance Committee recommendations? • Is the Council comfortable approving the preliminary budget and certifying the preliminary levy, or would you like to have an additional budget workshop on August 29th, 2013? • Is the Council comfortable with the Capital Improvement Plan?

  19. Prepared by: The Department of Administration and Finance Aaron Parrish, City Administrator Ellen Paulseth, Finance Director

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