City Commission
Study Session
June 8, 2009
3:00 p.m. - 5:00 p.m.
City Commission Chambers City Hall
A G E N D A
v Impact of 2009 Legislative Actions
o Elimination of Slider Payment - $116,000 loss to Lawrence across all property tax supported funds in 2009 (city received first payment for 2009 = $137,000); not budgeted for 2010
o Elimination of LAVTR not budgeted for 2009 or future
o Reduction of highway funding - $3,000-$5,000 loss to Lawrence
o No change to distribution of alcohol funds in 2009
o Evaluation of further state cuts for 2009
v Budget Goals
o Dont spend down fund balance due to economic uncertainty
o Keep expenditures and revenues balanced
o Keep city mill levy stable
o Increase fees in appropriate areas to recover cost of providing service
o Maintain high level of service and operations within existing resource levels
o Revenue Projection and Budget
1. Assessed Valuation Information 2.5% reduction from 2009, state assessment to come week of 6/15
2. Other revenue issues (sales tax, Grant Township, interest, Fee Review, etc.)
o Expenditure Budget
1. Goal to not exceed 2010 projected revenues in General Fund
2. Largely reflects departmental reductions
3. Holds total funding to human service agencies to 2009 levels
v Other Funds
o Fee increases recommended for Recreation, Public Parking, Golf
o Challenges in the Gas Tax Fund
o Utility rate (solid waste, water and wastewater, storm water) increases to be discussed in further budget development
v Employee Compensation and Benefits
o MOU/ Compensation
o Staff has provided responses to the action items presented and/or requested by the City Commission at previous Budget Study Sessions.