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Memo - City Council <br />2016 Proposed Preliminary Budget and Tax Levy <br />5 <br />General Fund Expenditures <br />Salary & Benefits 56,614$ <br />Public Safety Contract Incr.54,039 <br />City Hall Maintenance 10,000 <br />EDA Transfer 30,000 <br />PIR Transfer 100,000 <br />Other Misc Adjustments 33,688 <br />284,341$ <br /> <br />Expenditures <br /> <br />Public Safety costs are set to increase by 7.85% for Fire, 1.81% for the Sheriff contract, and <br />Dispatch will decrease by 2.43%. This alone would <br />amount to a 1.6% increase to the levy. <br /> <br />City Hall is now 15 years old and seeing increased <br />maintenance costs. The EDA approved a preliminary <br />budget with an increased transfer from the General <br />Fund as the Round Lake TIF District will expire in <br />2015 leaving no other revenue source. Staff has <br />included a transfer from the general fund to the PIR Fund for infrastructure/capital reserves. <br /> <br />Issues to Consider <br /> <br />A 1% increase in wages on the General Fund is $9,500 and City-Wide $13,500. Benefit <br />increases amounts to a $11,338 increase in the General Fund and $13,928 City-Wide. <br /> <br />As previously mentioned, the Round Lake TIF District is coming back on the tax rolls, this <br />increases our Net Tax Capacity which gives the Council the opportunity to increase the levy <br />without impacting the tax rate. <br /> <br />A 6.5% levy increase amounts to no impact to the tax rate. <br /> <br />Staff has prepared a number of sample levy increases to help aid in the discussion. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />