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Page 4 of 4 <br /> <br /> <br /> <br />Discussion <br />Staff is respectfully requesting the City Council to review the preliminary budget and provide <br />feedback for future budget meetings. The 2025 proposed levy and public meeting date need to be <br />set prior to the end of September 2024. Direction is needed from the City Council on the following <br />items: <br />• Current wage and benefit assumptions include a 3% COLA for both union and non-union staff, <br />a 4% market adjustment for non-union staff, 10% health insurance and 4% dental insurance <br />increases. Should any of these assumptions be changed? <br />• This preliminary budget does not include any significant building projects for 2025. Should a <br />building project be added? <br />• This preliminary budget contains a 13.9% levy increase. Is another work session needed to <br />further discuss the preliminary levy increase? <br /> <br />Attachments <br />A. Preliminary 2025-2029 CIP Budget Memo & PowerPoint Presentation <br />B. 2025-2029 CIP Changes (since 7/22/2024 Meeting) <br />C. Preliminary 2025 General Fund Budget PowerPoint Presentation <br />D. Preliminary 2025 General Fund Budget <br /> <br />Original Operating Transfers <br />Year Budget Activity Out <br />2014 (185,402) 142,649 (162,417) <br />2015 (58,305) 736,465 - <br />2016 (160,326) 427,521 (565,121) <br />2017 (195,955) 694,505 - <br />2018 (237,225) 101,055 (400,000) <br />2019 (186,970) 235,217 (360,000) <br />2020* (121,590) 642,918 (478,000) <br />2021 (90,720) 337,316 (548,000) <br />2022 (140,000) 298,955 (102,540) <br />2023 (160,760) 9,461 (171,140)