2011 BUDGET - Laserfiche WebLink

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comment on and advise the City Council about those priorities and levels of funding. In addition to the public hearing, we solicit and receive input from numerous sources, including public involvement at regular City Council meetings and study sessions, feedback from the City's various Boards and Commissions and information from surveys like this year's survey on voters' support for or opposition to a Use Tax. We also provided information, addressed questions and asked for ideas and suggestions about budget issues during a series of special presentations on the City's budget and the possible Use Tax, during Ward meetings, the Mayor's "Chat with Chuck ", and other City events. By considering citizens' comments in all of these forums and making changes as necessary, the City Council ensures that the final 2011 budget truly reflects the interests of the community. Overview The 2011 budget includes a total revenue projection (excluding interfund transfers) of $27.9 million for all funds, which is a decrease of 2.6% over the estimated revenue for 2010. Net property tax revenue is projected to remain at $2.9 million, the same level as expected in 2010. As a result of the continuing economic downturn, City staff expects sales and use tax revenue to decline by 2.5% in 2010 and an additional 1% in 2011. The 2011 budget includes a 5% increase in water rates and wastewater rates, and a 25 -cent per month increase in storm water rates. These projected changes in revenue will be discussed in more detail below. The 2011 budget includes total expenditures (excluding interfund transfers) of $31.3 million. Included in this amount is $21.3 million for operations, $2.6 million for debt service, and $7.0 million for capital outlay. Total appropriations for all funds, including interfund transfers, are $32.1 million. 2010 2010 2011 Budge: Estimate Final Beginning Fund Balance 34.857.965 34.857.965 29.025.929 Revenue Taxes 13.465.960 14.,417,160 14..288.690 Licenses & Permits 608.680 6:6.290 707,870 Intergovernmental Revenue 2.6.86.430 2.758.760 2.148.550 Charges for Services 10.030.280 9.200.790 9.412.610 Fines & Forfeitures 214.640 242.090 246.430 Miscellaneous Revenue 1.268.100 1.370.970 1.087.750 Other Financing Sources 9.390 Interfund Transfers 1.843.650 1.550.020 775.550 Total Revenue 30.117.740 30,225.470 28.670.450 Expenditures Administration 21.132.510 21.118.866 21.345.110 Debt Service 3.570.480 3.385.080 2.623.880 Capital Outlay 10,375.290 9.968.5 7,035.910 Other Financing Uses 155,370 5.000 276.970 Transfers 1.5 =2.55C 1.550.023 775.55C Total Expenditures 37.091,700 36.057.506 32.060.420 Ending Fund Balance 27.884.005 29.025.929 25.635.959 2