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

2. TENTATIVE BUDGET SUMMARY
FY 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.

3. BUDGET WORKSHOP CHANGES
Fire – Moved $20,000 from to – Inspections.
Fire – Added longevity .
Add $1,000 to “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

4. 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

5. QUESTIONS