3.1. SR 09-12-2016
Request for Action
To
Mayor and City Council
Item Number
3.1
Agenda Section
Worksession
Meeting Date
September 12, 2016
Prepared by
Lori Ziemer, Finance Director
Item Description
2017 Budget
Reviewed by
Cal Portner, City Administrator
Reviewed by
Action Requested
Continue review of 2017 budget
Background/Discussion
Over the past several months staff has presented the budget requests and related goals for each
department.
Staff will do an overview of the entire budget and provide an update on the preliminary levy and related
items.
General Fund Update
On September 19, the Council must approve a maximum levy to be certified to Sherburne County by
September 30, 2016. The current levy is estimated at a 4.8% change for 2017. Over the upcoming
months staff will continue to review line items to adjust for cost changes and/or more information on
various items.
The city tax rate is projected to increase from 46.17% to approximately 46.44% for 2017, which is subject
to change pending any final adjustments from the County Assessor on property values/final adjustments.
Financial Impact
N/A
Attachments
General fund summary
Capital outlay summary sheet
Personnel summary sheet
Tax levy/Tax rate breakout
Preliminary 2016 tax values for taxes payable 2017
Sample properties