10-10-16 Personnel and Finance - Laserfiche WebLink

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John Murphy, City Controller with offices on the 12th Floor, stated that this is a two percent (2 %) increase, similar to the increase you will be considering for the Council. The Mayor's salary would increase to $106,579. Committeemember Ferlic made a motion to send Bill No. 62 -16 to the full Council favorably, Committeemember Williams- Preston seconded it, and it carried by four (4) ayes. Committeemember Ferlic motioned to recommend that the Council continue Bills 63 -16, 44 -16 and 45 -16 to 10 -24 -2016, Committeemember Voorde seconded, and it carried with four (4) ayes. Substitute Bill No. 46 -16: Levying taxes and fixing the rate of taxation to meet City expenses for the fiscal year ending 12 -31 -17 John Murphy, City Controller, offices on the 12th Floor, this ordinance sets the property tax rates and fixes the levy. The DLGF sets the property tax rates for the City after the final budget is adopted and after the final assessments are determined by the County. There is a calculation that is done to set the final property tax rates. We advertise these rates higher than what we know they'll come in in case there is a mathematical change that they have. Councilmember Dr. Varner asked if we budget to the maximum. The DLGF calculates the rate and it is always lower when it comes back. We budget to our expectations with regard to the amount of funds available in the General Fund, or only what we expect in taxes. Mr. Murphy responded that we budget the entire General Fund. We don't budget the maximum levy because we know that because of circuit breakers, we will never receive that amount, so we budget considerably less than what we think we will actually realize. We also only collect at around ninety -five percent (95 %) or ninety -six percent (96 %). Councilmember Dr. Varner stated that every year we budget like $53 million from the General Fund and at the end of the year we spend $72 million, and the other revenue is pretty consistent. If you can give us some detail as to where the other $11 million comes from, it would be helpful. Mr. Murphy stated that he could certainly do that. Committeemember Ferlic motioned to send Bill No. 46 -16 to the full Council favorably, and Committeemember Williams- Preston seconded it, and it carried by a voice vote of four (4) ayes. Bill No. 47 -16: Appropriating the TRANSPO budget and levying and fixing the taxation rate to fund TRANSPO for fiscal year ending 12 -31 -17 No action was needed because it was sent favorably at the committee's last meeting. With no other business before the committee, Committee Chair White adjourned the meeting at 5:47 p.m. 14