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Page 2 of 3 <br /> <br />City 2018 Projected COLA <br />City of Arden Hills 2.50% <br />Falcon Heights 3.00% <br />Lauderdale 3.00% <br />Little Canada 2.50%-3.00% <br />Mounds View 2.75% <br />New Brighton 3.00% <br />North Oaks 2.00%-3.00% <br />Roseville 2.25%-2.75% <br /> <br />Staffing <br /> <br />In 2018, one new FTE is being added, the Public Works Working Foreman. City Council may <br />decide to budget this position for the full year, or for a portion of the year. The table below <br />shows the fiscal impact if the position is budgeted for the entire year or half of the year (this <br />includes benefits). It also includes the open Community Development Director and Finance and <br />Administrative Services Director. Council may keep the positions as budgeted pending a <br />comprehensive staffing discussion a the Council retreat. Please note, staffing projections have <br />been prepared assuming the City Administrator and Public Works Director/City Engineer are <br />filled on January 1, 2018. <br /> <br />Position Full Year Budget Position Filled 7/1 <br />General Fund Total General Fund Total <br />Public Works Foreman $ 38,303 $ 85,117 $ 19,152 $ 42,559 <br />CD Director $ 113,179 $ 133,151 $ 56,590 $ 66,576 <br />Finance Director $ 33,288 $ 133,151 $ 16,644 $ 66,576 <br /> <br />Preliminary Levy Increase <br /> <br />As mentioned, the City has set a preliminary levy increase of four percent. The Council may <br />decide to lower this amount at the December meeting. The table below illustrates the total <br />expected General Fund revenues, expenditures, and anticipated ending 2018 reserves. <br /> <br />General Fund <br />Projected General Fund Reserves on 1/1/2018 $ 2,998,855 <br />Revenues $ 4,939,531 <br />Expenditures $ (5,180,341) <br />Difference $ (240,810) <br />Projected General Fund Reserves on 12/31/2018 $ 2,758,045 <br />Reserves as a Percent of Next Year's Budget 58% <br /> <br />This assumes the ending 2016 General Fund balance in excess of 50 percent of the next year’s budget will not be transferred and a 2017 <br />favorable ending balance under budget by $250,000.