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CR 97-74 Budget Goals April 10, 1997 \ i Y 0 . o P K \ ~ Council Report 97-74 1998 BUDGET GOALS ProDosed Action Staff recommends adoption of the following motion: Move to adoDt the 1998 budaet aoals. Adoption of this motion will establish a public statement of the goals the Council wishes to achieve as part of the process towards adoption of the 1998 budget. Overview In working toward the adoption of a budget, it is often helpful for the City Council to establish, in written form, the goals that it wishes to achieve as the staff, the Council, and board and commission members work toward setting the financial policies for the City. As such, staff is recommending that the Council adopt a set of goals which will be disseminated publicly, so as to let all know of the Council's wishes with regard to next year's budget. Primarv Issues to Consider . What are the proposed goals? SUDDortina Information . Draft budget goals . Proposed Hopkins Highlights article /~ ~~ ---- Steven C. Mielke City Manager ~ Council Report 97-38 Page 2 Staff Analysis of Issues . What are the proposed goals? Based on discussions with the City Council, staff is recommending the following goals be discussed and approved: . Maintain the tax levy at the 1997 amount. Reduce or eliminate an increase in the tax levy. . Maintain basic city services at current levels . Analyze all programs and services to: . Look for ways to reduce dependency on the property tax . Find greater efficiencies in the provision of current services and programs . Compare staffing levels to workloads to assure proper allocation of resources . Create greater linkages between revenues and expenses to allow for more entrepreneurial approaches to non-essential services . Forecast funding needs and tax implications to assure strong long-term financial stability . Provide adequate funds to meet necessary technology upgrades . Continue policy of not using fund balances for operating expenses . Recognize and reward employees that help the City save money. h plans h~8hl~8 counciL sets budget gOliLLs By Steven C. Mielke City Manager Although the City Council members concluded 1997 budget deliberations only three months ago, they are already in the process of preparing for the 1998 budget. Our in-depth analysis of the city's budget and its property tax implications has already started. We will continue this budget review through the establish- ment of our preliminary budget and 1998 tax levy this September, and the conducting of public hearings and final adoption of the budget and levy this December. Council goals In discussion and preparation for the 1998 budget deliberations, the City Council members have established the following goals: . Reduce or eliminate an increase in the tax levy . Maintain basic city services at current levels . Analyze all programs and ser- vices to: 1. Look for ways to reduce the dependency on the property tax 2. Find greater efficiencies in the provision of cur- rent services and pro- grams 3. Compare staffing levels to work loads to ensure the proper allocation of resources 4. Create greater links between revenues and expenses to allow for more entrepreneurial approaches to non- essential services . Forecast funding needs and tax implications to ensure strong long-term financial stability . Provide adequate funds to meet necessary technology upgrades . Continue the city's policy of not using fund balances for operat- ing expenses . Recognize and reward employ- ees who help finds ways for the city to save money Become informed/involved I urge all of Hopkins' property tax payers to become informed and involved in the city's extensive budget review process. It is easy to jump on the cut our taxes bandwagon. That becomes much more difficult, however, when deciding what city programs and ser- vices should be trimmed or cut. Hopkins' current programs and ser- vices cost a tax payer with a home val- ued at $96,000, $330 per year or 91 cents per day. If you have questions or comments, please call me or leave a message on the Razzle Message Line, 939-1421.