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Proposed 2020 Budget Presented September 16, 2019 Mayor Marv Calvin

The City of Willmar presents its proposed 2020 budget, highlighting flat revenues, increased infrastructure costs, and plans for capital improvements. Learn about the financial picture, general fund expenditures, and capital planning for 2020-2024.

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Proposed 2020 Budget Presented September 16, 2019 Mayor Marv Calvin

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  1. City of Willmar Proposed 2020 BudgetPresented September 16, 2019Mayor Marv Calvin

  2. Financial Picture • Revenues Remain Flat • Minimal increase in Local Government Aid • Moderate increase in valuation • Increasing costs for Infrastructure Maintenance • Aging infrastructure • Deferred costs • Local Option Sales Tax Projects

  3. 2020 Proposed Budget * Includes a financial transfer for Capital Improvements

  4. Operating Levy Amount Rate 2020 $ 5,776,821 39.076 2.6% 2019 $ 5,250,000 38.076 _______________________________________________________________________________________________________________ $ 526,821 1.000

  5. General Fund Revenues

  6. General Fund Expenditures

  7. Changes in 2020 • Carris Health Debt Service $ 3.7 Million • Local Option Sale Tax Projects $ 9.8 Million • City Hall $ 8.5 Million • Community Development Block Grant • $ 3.3 Million • Health Insurance Increase of 35% • Two Additional Positions • Assistant Fire Chief • Additional Accounting Clerk

  8. Capital Planning 2020-2024 • Criteria for consideration • Legal Mandates • Maintenance of Existing Assets • Sustainability • Reduce or Offset Costs • Critical Public Safety Needs or Concern • Meeting City Council Priorities • Goal of establishing a five (5) year planning process

  9. Capital Improvement Funding • Bonding (Debt) • Cash • Unspent Reserves • Unspent Previous Capital Improvement Funds • Special Revenues • Wastewater Treatment Fund • Local Option Sales Tax

  10. Capital Projects

  11. Questions?

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