PROPOSED 2010 CITY BUDGET HIGHLIGHTS

1. The proposed equalized rate of $7.21 is 1.99% higher than last year and the gross rate is $8.39 which is 0.8% higher than last year. Page 2
2. The city portion of the property tax on an equalized $175,000 home is estimated to be $1,261 and is projected to be $24.57 higher than last year and last years $175,000 home paid $1,236.58. Page 2
3. Total revenues and expenses for the General Fund are projected to be $6,395,400. Page 2
4. The City’s property tax levy cap is 3%. The State budget allows 3% or net new construction. The Department of Revenue calculates our net new construction at 1.76%.
5. State shared revenues have decreased by 7.6% or $33,000. Page 3
6. State Road aids are proposed to increase by 2%. Page 3
7. The city has gained some limited revenues because TID #2 has enough revenues to reimburse the General Fund for expenses incurred. Page 3
8. The budget has stabilized revenue estimates in several fee related areas. Page 3
9. Administration proposes $650,600 of new short term debt in the budget. Page 3
10. The Levy Limit Worksheet is a new document that is similar to the state document the Clerk must fill out each year. Page 7
11. The State fiscal restraint figure is set and this budget is at 3%. Expenditure restraint equals $110,000. Page 8
12. Clerk-Treasurer’s budget includes $5,000 to replace the computer equipment and maintain software licenses. Page 10
13. Funds will be borrowed to purchase new radios per new federal requirements ($135,000) for the Fire Department. Page 11
14. Funds will be borrowed to purchase Truck ($30,000) for the Parks and Forestry Department. Page 12
15. Funds will be borrowed to purchase a Lawn Mower ($20,000) for the Parks and Forestry Department. Page 12
16. Funds will be borrowed to insulate the municipal building ($23,000) for the Parks and Forestry Department. Page 12
17. Street rebuild in Capital fund has been increased to $175,000 for a street overlay on Ferry Drive from Bartel’s Beach to Prospect Street and the alley behind the Lake Street Business east of Main Street. Page 13
18. The Street Department capital budget includes $70,000 for stormwater improvements which include the Ferry Street, the alley and Circle Drive projects. Page 13
19. The Street Department capital budget includes $60,000 for sidewalk replacement. Page 13
20. The Street Department capital budget includes $83,100 for a new tractor. Page 13
21. The Street Department capital budget includes $25,800 for a new mower to attach to the tractor. Page 13
22. The Street Department capital budget includes $32,500 for a set of plows to attach to the new tractor. Page 13
23. Funds will be borrowed for a new $28,200 police squad. Page 14
24. Pay increases are calculated at 2.5% per the Union Contract currently negotiated for 2009. Budget wide
25. The Health Insurance was 8%. Budget wide
26. The Legislative – City Council Budget now has the Main Street Program built permanently into its budget with inflationary increases. Page 31
27. The County Economic Development line has increased based on our contract with the County. Page 76.
28. The Chamber printing donation has been funded. Page 76.
29. The City Band is funded at $1,000. Page 101
30. The change of Solid Waste Program from a Public Works revenue and expense to a Special Revenue Fund. Page 161
31. Utilities and gas have been increased throughout the budget.

Outstanding Issues:

• Council laptops
• Finance Director Position
• Benefit Liability
• Low Unrestricted/undesignated Fund Balance
• Municipal building maintenance plan
• Dam Replacement