|
Memo - City Council
<br />2015 Budget and Tax Levy Discussions
<br />7
<br />General Fund Revenues
<br />Property Tax Levy 164,494$
<br />Plan Check Fees 10,000
<br />Plan Review & Bldg Permits 10,000
<br />Fines & Forfeits 6,840
<br />Admin Charges to Other Funds 21,242
<br />Other Misc Adjustments 3,407
<br />215,983$
<br />digit increases many years and the amount of monthly contribution to employees range from
<br />$700 - $1,000. Salary and Benefits are looked at together when doing compensation packages so
<br />while some are rich in salaries others are rich in benefits and benefits play a key part in the
<br />recruitment of employees. Our compensation study is taking both into account as a total package
<br />when they do their comparisons. Our Benefit Parity approach is a common program for cities.
<br />
<br />General Fund
<br />
<br />Revenues and expenditures are shown in the following table. We have highlighted the impact
<br />the tax levy and proposed budget on the next page to give you a brief overview. More detailed
<br />commentary is found in the department and funds pages of the budget document.
<br />Actual Actual Budget Amended Year To Date Proposed % Change
<br />FY 2012 FY 2013 FY 2014 FY2014 09/04/2014 FY 2015 14 vs 15
<br />Revenues
<br />Taxes
<br />Taxes 3,087,159 3,086,064 3,287,556 3,287,556 1,647,039 3,452,050 5.00%
<br />Licenses and Permits 415,070 382,038 259,873 259,873 196,541 273,730 5.33%
<br />Other Intergovernmental 118,800 120,811 138,100 117,280 81,877 125,328 6.86%
<br />Charges for Services 526,334 487,569 415,568 415,568 231,693 445,629 7.23%
<br />Fines & Forfeits 33,192 32,056 31,900 31,900 13,323 38,740 21.44%
<br />Special Assessments 1,771 3,225 1,822 1,822 1,701 3,000 64.65%
<br />Miscellaneous 127,300 (10,335) 88,850 88,850 32,698 80,355 -9.56%
<br />Transfers - - - - 15,000 - 0.00%
<br />Total Revenues 4,309,625$ 4,101,427$ 4,223,669$ 4,202,849$ 2,219,872$ 4,418,832$ 5.14%
<br />Expenditures by Category
<br />Personal Services 1,287,850$ 1,329,650$ 1,421,852$ 1,421,852$ 923,595$ 1,465,125$ 3.04%
<br />Materials and Supplies 201,997 176,728 121,941 121,941 116,073 157,940 29.52%
<br />Other Services and Charges 2,255,221 2,310,255 2,802,277 2,611,055 1,757,743 2,734,765 4.74%
<br />Capital Outlay - - - - - - 0.00%
<br />Transfers 364,955 270,000 50,000 212,417 212,417 80,000 -62.34%
<br />Contingency/Reserves - - - - - - 0.00%
<br />Other Financing Uses - - 15,000 - - - 0.00%
<br />Total Expenditures 4,110,023$ 4,086,632$ 4,411,070$ 4,367,265$ 3,009,828$ 4,437,830$ 1.62%
<br />Fund Balance - January 1 2,151,335 2,350,937 2,365,732 2,365,732 2,365,732 2,201,316
<br />Excess Revenue Over Expenditure 199,602 14,795 (187,401) (164,416) (789,956) (18,998)
<br />Fund Balance - December 31 2,350,937$ 2,365,732$ 2,178,331$ 2,201,316$ 1,575,776$ 2,182,318$
<br />
<br />Revenues
<br />
<br />All revenue items were evaluated based on current economic conditions and past trends. The
<br />most notable item is the proposed tax levy which equates
<br />to $164,494 in additional revenue over last year’s levy.
<br />Both Plan Check Fees and Plan Review/Building Permit
<br />Revenues have been increased based on trends. Fines
<br />and Forfeits have been increased as we had a decrease in
<br />past years with the major road construction, but we are
<br />seeing increases now that major highways are again
<br />open. Administrative charges to other funds increas ed
<br />mainly due to technology and the addition of the interns to Finance and Administrative Services
<br />as they are allocated out to the other departments with other overhead costs. (To distribute
<br />overheads costs which are assignable to all funds, an Administrative Charge is done for
|