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Fund Balance Target Surplus - FBTS <br />As mentioned previously, Council directed staff to use the fund balance to make up for <br />lost revenue resulting from a drop in building permit activity. Staff has estimated a <br />shortfall in building permit revenue of $145,000 this year and $190,000 for next year. <br />Staff monitors these numbers along with all of the other budget numbers on a monthly <br />basis and will report to Council if the trends indicate a variance from these estimates. <br />Staff used these estimates in creating the recommended budget. <br />Service Level Discussions <br />Council discussed what each budget scenario provided for and asked for this discussion <br />to continue at the August 25, 2009 discussion. Enclosed you will find Information that I <br />thought would assist the Council in understanding the staffing included in the budget. <br />Estimated Property Tax Impacts of Proposed 2010 City-wide Tax Levy <br />Updated: 8/21/09 <br />Printed: 8/21/09 13:40 <br />Ramsey County <br />Tax Capacity Value 8/21/09 Estimate <br />City of New Brighton (2010) 17,261,243 <br />Tax Lev <br />2009 Actual <br />Less: Fiscal Disp Dist. (2010) <br />Net (2009) <br />Est 2010 Levy Limit Increase <br />2008 MVHC Loss <br />Est. 2009 LGA Loss <br />Est. 2009 MVHC Loss <br />2009A Bond Debt Service <br />Projected Total <br />Estimated 2010: <br />Scenario 1 Scenario 2 Scenario 3 <br />7,395,708 7,395,708 7,395,708 <br />(1,273,199) (1,273,199) (1,273,199) <br />149,300 149,300 <br />128,755 <br />152,339 <br />97,851 <br />28,600 <br />6,679,354 6,271,809 6,122,509__ <br />Final 2009 <br />City Tax Rate Estimated 2010 City Tax Rate <br />0.33880 0.38696 0.36335 0.35470 <br />Assessed Value <br />Single Family Home (SFH) Tax Capacity _ Estimated City Tax <br />Pay 2009 City's Median Valued SFH (236,200): <br />2009 City Tax 2,362 800.25 800.25 800.25 <br />Pay 2010 City's Median Valued SFH (224,600): <br />Est. 2010 City Tax 2,246 869.10 816.08 796.65 <br />H:\Dean\Budget 2010 August 25 2009 Discussion.doc <br />