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AGENDA ITEM <br /> <br /> <br />MEMORANDUM <br /> <br /> <br />DATE: April 15, 2013 <br /> <br />TO: Honorable Mayor and City Councilmembers <br /> <br />FROM: Sue Iverson, Director of Finance and Administrative Services <br /> Patrick Klaers, City Administrator <br /> <br />SUBJECT: 2014 Preliminary Budget Discussion <br /> <br /> <br /> <br />Background: <br /> <br />The City staff will begin the process of developing a Preliminary 2014 Budget. As we progress <br />forward and take the necessary steps, staff needs general direction and guidance from the <br />Council with regards to changes for the coming year. <br /> <br />As of this time, we are not under levy limits for 2014. <br /> <br />Discussion: <br /> <br />Preliminarily, staff has identified a number of factors that will influence the 2014 Budget. Some <br />are identified as follows: <br /> <br /> <br />Tax Levy t year it was a 3.0% increase. A 1% <br />levy increase translates to approximately $30,000. <br /> <br />Overall budget changes preferences/limits? <br /> <br />Personnel Staff does not see a change in personnel under current conditions. <br /> <br />Salaries and Benefits. We are currently going out with an RFP for a Compensation Study <br />which will give us a better idea around the time of our budget discussions in August. <br /> <br />Increase in employee benefits costs (health and dental). We do not have preliminary <br />numbers for these costs yet, but will be getting these in the next few months. The City <br />participates in the Lake Country Service Cooperative health insurance pool. There are <br />about 60 City, County and other Governmental Agencies that participate in this pool. <br />The current City contribution towards health and dental is $697.42 per month. Last year <br />the City discontinued the Co-Pay Plan and added another high-deductible plan for 2013. <br />12 <br />Page of <br /> <br />