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Memo - City Council <br />2016 Proposed Budget and Tax Levy <br />VI <br />VI <br /> <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 />2016 Rate Increases <br />Water 2% <br />Sanitary Sewer 2% <br />Surface Water 3% <br />Expenditures <br /> <br />Public Safety costs are set to increase by 7.85% for <br />Fire, 1.81% for the Sheriff contract, and Dispatch will <br />decrease by 2.43%. This alone would amount to a 1.6% <br />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 included a transfer from the general fund to the <br />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 amount to a $11,338 increase in the General Fund and $13,928 City-Wide. <br /> <br />The costs for the newsletter currently in the Mayor/Council Budget of the General Fund may be <br />able to be moved to the Cable Fund as it is used for public information. <br /> <br />Other Funds <br /> <br />We have had previous discussion on the EDA Funds at the July EDA meeting. <br /> <br />Capital Funds were discussed for 2016 at our July worksession during the Capital Improvement <br />Plan (CIP) review. It should be noted that staff has included a transfer from the General Fund in <br />this proposal to build reserves. <br /> <br />Enterprise Funds are being evaluated and changes made to accurately <br />reflect economic conditions and historical trends and any increase that <br />may be passed through to us by other agencies. <br /> <br /> <br /> <br /> <br />GENERAL INFORMATION <br /> <br />A final levy is established and certified in December. As Council knows, once a preliminary <br />levy is established, the amount can be reduced, but it cannot be increased. <br /> <br />DIRECTION REQUESTED: <br /> <br />1. Discussion with staff regarding the 2016 proposed levy.