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05-18-2020-WS
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05-18-2020-WS
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5/14/2020 3:10:57 PM
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3 of 3 <br /> <br />Budget Impact <br />Current estimates put the financial impact on the city’s budget between $30,000 and $50,000. A <br />summary of the items above is as follows: <br /> <br />Decrease in revenue <br />Liquor licenses $ (6,705) if 9 weeks credit is approved <br />City hall rent $ (1,000) <br />Park facilities rent $ (4,000) <br />Recreation programs $ (78,000) <br /> Decrease in expenditures <br />Recreation programs $ 68,000 <br /> Increase in expenditures <br />Unemployment costs $ (9,212) and rising <br />Miscellaneous $ (2,500) <br /> Total impact $ (33,417) <br /> <br />All of the above items impact the General Fund with the exception of $4,075 of the unemployment <br />costs, which impact the Utility funds. Language currently attached to emergency funding states <br />that reimbursements are limited to additional costs – no funding for lost revenues. If emergency <br />funding is made available to the City, we would currently be eligible for up to $11,712 ($9,212 + <br />$2,500) and would need documentation supporting those claims. <br /> <br />This does not factor in any potential future impacts. <br />
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