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Over the past few years, the City has equally shared rate increases with the employees. <br />Staff would recommend to continue to use this formula. <br /> <br />Update the five year CIP. Staff is currently in the process of updating the current plan to <br />discuss with the City Council at the June work session. Does the City Council have any <br />feedback or direction they would like to provide staff with respect to the CIP? <br /> <br />Per Council discussion late last year, staff is getting some background information on a <br />possible utility franchise fee. <br /> <br />An area where staff sees a need is in park funding. Park dedication fees are generally <br />limited to capital improvements, not general repair and maintenance items, and there is <br />not a steady stream of income. The PIR fund is used for a lot of the larger park <br />expenditures and for some matching funds for grants. In looking at the financial plan, <br />staff sees a need to set up a reserve for park improvements. This fund would then be a <br />funding source for items which are included in the CIP. <br /> <br />Another area where staff sees a need is in the EDA Budget. We need to find to find a <br />permanent funding source for general economic development activities. Also the Round <br />Lake TIF District will be expiring in 2015 and the City Council/EDA is scheduled to <br />discuss using this money for a Round Lake Road improvement project. <br /> <br />As a step in creating a quality budget document, performance measures/service indicators <br />should be established for each department. Some of these may come about as a result of <br />the community survey (if one is done) as areas that the Council would like to improve. <br />Goals and objectives also need to be established for each department. These would need <br />to be established in 2014, then in subsequent years actual performance can be tracked to <br />show progress against these goals. This would provide Council and the public another <br />tool to evaluate city services. Staff would appreciate input from the Council on this <br />matter. <br /> <br />Recommended Action <br />: <br /> <br />Staff is seeking direction from the Council as it continues with the 2014 Budgeting process. <br /> <br /> <br />22 <br />Page of <br /> <br />