City Council Meeting Date: December 1, 2020
To: Mayor and City Council
From: Brenda Angelstad, Finance Director
Ben Martig, City Administrator
Title
Consider Adopting the Final 2021 Budget.
Body
Action Requested:
The Northfield City Council consider adopting the attached resolution approving the final budget for 2021.
Summary Report:
Budget development for 2021 began in June of 2020 and the preliminary budget was passed in September. The budget resolution corresponding to a citywide levy of $10,618,336 is attached.
Once the final budget is passed, the budget book will be created and electronically distributed, as well as posted on the City website under the Finance Department tab.
Alternative Options:
The $10,618,336 citywide levy increase was discussed at the Council meeting on November 17th. Staff is encouraging Councilors to submit any questions or clarifications to staff on the final budget and levy action items by Noon on Monday, November 30th.
Council may make changes to the 2021 budget throughout the 2021 year through budget amendments.
Financial Impacts:
The budget is a planning tool. It is used to keep spending levels on track with revenue received.
Tentative Timelines:
The City must pass a final budget for submission to the State of Minnesota in December.