TENTATIVE BUDGET “WORKING TOGETHER TO PROMOTE A MORE SUCCESSFUL EL MIRAGE”

TENTATIVE BUDGET SUMMARY FY 2014-15 budget is $95,347,500. $17,486,000 less than last year. Property tax rate will decrease by $0.50 from $4.04 to $3.54. Levy will stay the same. NO water, sewer, sanitation, or tax rate increases. Recharge rate previously approved per Red Oak study. Wage increases of 5% for Police Association and 3% for others is included. Major projects are being completed.

BUDGET WORKSHOP CHANGES Fire – Moved $20,000 from 10-551-311 to 10-552-313 – Inspections. Fire – Added longevity . Add $1,000 to 10-540-350 “Travel & Per Diem” missed during draft budget. Increased City Clerk personnel cost by $2,000. Decreased IT personnel cost by $43,000. Police – Changed description of replacement vehicles in CIP and Budget documents to 3 marked vehicles. Transferring the following due to transfer of GIS Coordinator position: Overall budget has been reduced by $37,000 from the Workshop From To $2,000 53-410-311 10-540-311 53-410-248 10-540-248

NEXT STEPS Adopt Tentative Budget Scheduled for May 20, 2014 Public Hearing – Adopt Final Budget & Role Call Vote Property Taxes Scheduled for June 3, 2014 Adopt Property Tax Scheduled for June 17, 2014

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