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AGENDA ITEM 1A <br />MEMORANDUM <br />DATE:November 18, 2013 <br />TO:Honorable Mayor and City Council Members <br />FROM:Patrick Klaers, City Administrator <br />SUBJECT:2014 Budget Adjustments <br />Background <br />DuringtheAugust/Septemberbudgetworksessions,GeneralFundexpenseswere <br />proposedat$4,269,559.Thiswasanincreaseof$118,698or2.9%.Thisincreasein <br />expenditureswasfinancedmainlywitha$97,797taxlevyincrease,anincreasein <br />interest income, and the use of reserves. <br />Similartothe2013adoptedbudget,$20,000ofreserveswereneededtobalancethe <br />August/Septemberdraft2014budget.However,sincetheAugust/Septemberbudgetwork <br />sessions,thepolicebudgethasdecreasedbyapproximately$15,000andanumberof <br />otherminoradjustmentsweremadesothat,atthistime,theuseofreservestobalancethe <br />2014budget is no longer necessary. <br />Ontheotherhand,boththeAugust/SeptemberandthecurrentNovemberdraft2014 <br />budgetsdonotincludeanyexpenditurefortheCityscontributiontoNYFS.This <br />contributionisabout$15,000in2014andthisamount,orsomeofit,mayneedtobe <br />included in the 2014 budget. <br />AsdiscussedwiththeCityCouncilatthespecialbudgetworksessionlastTuesday, <br />havingthe$500,000TCAAPloan(fromthePIRFund)andtheKimley-Hornexpenses <br />fortheplanningandtransportationstudiesincludedwithintheGeneralFundisgoodfrom <br />apublicinformationortransparencypointofview,butitalsomakesyear-to-year <br />comparisonsof the budget totals very difficult. <br />Oneofthebudgetitemsthathasremainedconstantsincethebudgetdiscussionsthispast <br />summer is the proposed 2014 tax levy increaseof $97,797. <br />Organizational Change <br />HavingallTCAAPrevenuesandexpenseslocatedwithintheGeneralFundwasreviewed <br />inmyNovember12memoandwasdiscussedattheNovember12Councilwork <br />thth <br />