ITEM 2 Budget memo(dradI
CITY OF
0
M I
TO: Mayor and City Council
FROM: Adam Flaherty, City Administrator & Finance Director
DATE: October 26, 2020
SUBJECT: Budget Meeting #8
On Monday, Council and staff will resume the review of the 2021-2030 Capital Improvement Plan.
It should be noted that inclusion of a certain item within the Capital Improvement Plan does not
commit final approval by the City Council. Rather, it directs City staff to plan towards and gather
necessary information for an educated final approval on each respective item. Each individual item
is planned, researched and brought back to the City Council for final approval when the respective
purchase is ready to move forward. I have developed an outline of discussion topics below.
Parks & Trails CIP
The City has established numerous funds to account for the revenues and expenditures associated
with the maintenance, replacement, and construction of the City's park and recreation amenities.
Parks and Recreation Director Demant will be present at the meeting to review the Capital
Improvement Plan items with the City Council.
Materials for Review and Discussion
1) Parks & Trails - Capital Improvement Plan — Summary
2) Parks & Trails — Capital Improvement Plan — 2021 Details
3) Financial Cash Flow - Fund #202 — Trails Management
4) Financial Cash Flow - Fund #203 — Park Development
5) Financial Cash Flow - Fund 4205 — Parks Capital Equipment
City of Otsego 113400 9011 Street NE, Otsego, MN 55330 1 Tel. (763) 441-4414 Fax (763) 441-9163
General Fund Budget
City staff continues to review the expenditure budgets that were presented during budget meetings
4-6 for any necessary revisions. Those budget revisions will be reviewed with the City Council at an
upcoming budget meeting and prior to final budget adoption.
Property Tax Levy
The City Council approved a preliminary property tax levy of $7,828,425 in September. There have
been no changes to the property tax levy since that approval.
Next Meetings
The schedule for the remaining budget meetings is as follows:
1) November 91h — Pavement Management CIP
2) November 23"d — Public Utility Operating Budgets and CIP
3) December 14th — Truth in Taxation Public Meeting
Staff would be seeking direction from the City Council on whether any additional review topics or
budget meetings are necessary, or if the City Council concurs with what has been presented and
reviewed thus far.
City of Otsego 113400 90' Street NE, Otsego, MN 55330 1 Tel. (763) 441-4414 Fax (763) 441-9163
6m
R
O
O
N
O
N
OG
N
O
N
h
N
N
U
�
N
O
Ny
ti
r�q
V1
1(
cn
Y,a
N
�
N
o
Vl
P�
(((�'���•�y��1yy�
eq
� `
N
J
®
N
N
ry
F�9
N
eq
N
N
QI
O O O O O
O N LL> W r O'
V �O
O O O o O O
O O O O O O
o - o Ov F
� N
O O
O O
M' 6'
C
O
O O
_
N
O cl'
CD
H
¢ ¢ ¢
¢
¢
¢ ¢
¢ ¢
a a a d
d a
,�
❑
-�
=
•^�
W
�
W
2.�
'�
o LL
� �
m
•�
�
o
.�
�
� m a`
rn
G
N
>
m
E =
LL oololl
CO
m �6 a�
� t•a
f=1
a'
m
v
m o
�
c
N
V
o — m
� m �
aka aEi
'o 0
c+ o- c+
�
cl
'
CC c
K
C
W
Q
11 N O
d
O O
N
®
enL
Y
`
In
a O c U
Ho
V
0 0
� N N `er
d m h
N"
coo '�V �
® O O
M �
N � jp �
� o O
N �
® o �
N
'� o
N �
O �
N
[� O
N �
O rn
N �
� o
N �
O �
N
� o
N o
O �..
N r
0
d' o
N
O M
N
O
MfV O O
b � �
N �
(V O O
PV O O
® `�.' O'
N N cD
wi el'
N
® �
Nye C+�S
�+ N
•� -•
f:
.�
�I b �I
�k Y °� �
� � �
a p.
C
� �
W �
m U
E x
a> sa
m 0.
0
� � �
� � � C
� o o N
O m o
r!� a �
N
O
Or"
O
Y&I
114
I
O
I
C
c
m
QI
a
u
N
o
C
d�
a
U
ZIO
vq
bA
-z
bu
0 0
21 -5
v r�
fq
o
lz
4
Jz
;C5,
�
IL
E
0
w
CL
I'm
F-
EF]
c
0
4
�1
E
E
O
V
1
H-
"Z
O O
0 0
0
v
0
�
0
�
are
0
0
0
a
a
�
V1
O
O
O cw
O
O
d
a
cOY
V1
O
O
O
O
a
O
a
Qi
vT
0
m
0
0
m
0
m
0
0 0
m m
0
m
0
0
m
0
m
00
o
m
00
a
m
OO
O
O
ui
M
vi
M
cY
m
O
O
i i i
O
i i i O O
a
O
a
O O
ri o
O
i
O
0
O
m
O
ri
m
4
m
N
O
N
ti
cf
v E
Q c Q
c w
V it U
E
w 0 0 0 m
01 v v✓
O
i O -° �
`O
m
� @ m m31
e
9
- uo
v
w m
c m
s Q a
u V V
ri
oc E