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cit, <br />Y of <br />IM" <br />Me cil4 that %f),r ` for o!j <br />Memo <br />To: Mayor and Council of New Brighton <br />From: Dean R. Lotter, City Manager <br />Subject: November Budget Meeting <br />Date: November 10, 2010 <br />Council scheduled a budget meeting to review the 2011 budget for November 15, <br />2010. Staff has enclosed copies of two memos previously circulated regarding <br />the budget as a reminder of the issues and decisions made to date regarding the <br />budget. Included in your packet are updated budget sheets prepared by finance <br />staff that can be inserted in your budget books as well. <br />As a summary of the previous decisions made, Council voted for a 0% increase <br />in the tax levy and a budget that decreased spending. Council preliminarily <br />approved a financing plan for the Fleet, Non-Fleet and Pavement Management <br />that included moving some of the general fund balance over to capital as well as <br />embracing a strategy that relies on redirecting PSC debt levy in 2016 to Fleet, <br />Non-Fleet and Pavement Management as well as the use of equipment <br />certificates and MSA dollars. The report approved by the Council on August 24, <br />2010 is included in this packet. <br />Staff awaits any additional direction from the Council. <br />HrCorrespondence City Council Budget Work-sion Discussion 2010, November 15, 2010 Budget Memo.doc