The Charleston City Council will vote on an ordinance to approve the annual tax levy of more than $4 million for the fiscal year from May 1, 2013 to April 30, 2014 during its meeting Tuesday.

According to the ordinance, the city is asking for $4,168,552 from property taxes for the 2013-14 fiscal year.

Mayor John Inyart said this ordinance has to be placed on file before the end of the year.

“This basically says how much money we are going to be requesting through the county from property taxes,” Inyart said.

The council will also vote to formally acknowledge the Fire and Police Pension Fund Board Reports so they can be used in the tax levy for next year.

The reports show how much money is in the funds, how it is invested and the percent of unfunded liabilities, Inyart said.

“It’s a very detailed report of how much money comes in each year, how much goes out each year and how it looks with respects to the assumptions made by the actuarial,” he said.

The council will also see a presentation from Joyce Madigan from Gilbert, Metzger and Madigan, an accounting firm in Charleston.

Madigan will be giving the annual city audit review.

“She will come in and give us an review of our audit from this past year,” Inyart said.

The audit is for the 2011-12 fiscal year, which ended on April 30.

“They have determined where all the money, when and what money is still around, how we have it safeguarded,” Inyart said.

The council will vote on an ordinance that would allow the city to sell the property at 249 Jackson Ave. to Ed and Becky Carter of Charleston.

The property was appraised at $3,800 and if it is passed, will be sold to develop a single family home.

Inyart said the lot has been used as a storage spot for equipment during construction.

“We are all done with it, and we think it is best to get it sold and back on the tax roles,” Inyart said.

He said Ed Cater Construction plans to build and sell a home after the purchase.

There will also be a public hearing at 7:15 p.m. Tuesday regarding the closeout of CDAP-funded Flex Construction grant that is used for downtown improvements.

Community members can speak about the grant and their views on its performance.

The council will also vote to move its first city council meeting of January from Jan. 1 to Jan. 2.

Samantha McDaniel can be reached at 581-2812 or slmcdaniel@eiu.edu.