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MEMORANDUM
TO: | Governing Body
| THRU: | Matthew C. Allen, City Manager
| FROM: | Jared Kuhlmann, Finance Director
| DATE: | September 5, 2023
| RE: | 2024 Budget Certificate |
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| | | | | | | | ISSUE:
The Governing Body is asked to consider and approve the authorization of the 2024 Budget Certificate, which summarizes the maximum levy of property tax for specific funds and the maximum expenditure for all funds of the City's budget. |
| | | | | | | | BACKGROUND:
The Certificate for the 2024 budget was prepared using the Notice of Hearing for the 2024 budget expenditures. Prior to approving the budget certificate, the Governing Body approved a resolution to exceed the Revenue Neutral Rate. This allows the City to levy a property tax rate of 38.378 mills that will generate approximately $10,738,229. |
| | | | | | | | ALTERNATIVES:
- The Governing Body may approve and sign the Certificate of Budget as presented.
- The Governing Body may approve and sign a Certificate of Budget that is different from what is presented, however, Kansas statutes prohibit the changes resulting in raising the City's total mill levy from what was published in the Notice of Public Hearing.
- The Governing Body may not approve a Certificate of Budget.
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| | | | | | | | RECOMMENDATION:
Staff recommends approving and signing the Certificate of Budget as presented. |
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