Rate Increase.Change from 3% to 9% -$787,158 over 5 years ($148,265 in 2025), to cover the
<br />MetCouncil Wastewater increase of $100,000 in 2025 ($900K to $1,000,000) and project changes. The
<br />following years assume a 3% increase to both revenue and expenditures -Should this be adjusted to
<br />reflect future anticipated increases (estimated at 4-6%)?
<br />•
<br />ARPA. $136,436 remaining funding to be used in 2024•
<br />Operating Expenses. Increase of ($560,111) over 5 years; ($100,000) in 2025, for MetCouncil
<br />Wastewater Charge
<br />•
<br />2025: From $415,000 to $475,000 (increase of $60,000)○
<br />2027: From $580,000 to $695,000 (increase of $115,000)○
<br />Project Changes. Sewer Lining/Rehabilitation ($175,000) - expenditure changes due to updated pricing
<br />assumptions
<br />•
<br />Sanitary Sewer Fund -+188,483 Change in Fund Balance
<br />Moved from 2025 to 2026 and From $41,500 to $42,750 (increase of $1,250)○
<br />Project Changes. Water System Model Update - expenditure change•
<br />Water Fund -($1,250) Change in Fund Balance
<br />Operating Expenses.$17,026 increase/year based on historical trend•
<br />Surface Water Fund -($85,130) Change in Fund Balance
<br />Grants. Hardcourt Rehabilitation ($10,000)•
<br />Parks Master Plan. ($75,000)•
<br />Hazelnut Park - $12,000 over 3 years or $4,000/year (2025-2027)○
<br />Chatham NRMB - $26,125 over 5 years or $5,225/year (2025-2029)○
<br />Hazelnut Park/Chatham NRMB, Floral Park. ($38,125)over 5 years•
<br />Parks-PIR Fund -($123,125) Change in Fund Balance
<br />Trade in Program Toro Z Mowers #473 & #474 - increase of ($3,000) in 2025 and decrease of $46,350
<br />in 2028
<br />○
<br />Emergency Generator Replacement Schedule - delayed expenditures by one year (from 2025-2028 to
<br />2026-2029)
<br />○
<br />Replace 2013 Ford F-450 Plow/Dump Truck #318 - increase of ($3,000) in 2025○
<br />Replace 2018 Toro Large Area Mower #457 - increase of ($5,000)○
<br />Project Changes. •
<br />Equipment Fund -+$35,350
<br />Levy set back to $200,000 in 2028 a ($40,000) total reduction (2028-2029)○
<br />Levy Increase. $120,000 or $40,000 increase/year from 2024-2027, to help offset future captain salaries,
<br />to be transferred to Operating Budget in future years
<br />•
<br />Charitable Gambling Increase. $150,000 over 6 years (2024-2029)•
<br />2027: Transfer $160,000 (2024-2027) to General Fund to cover 4 years of captain salaries○
<br />2028 - 2029: Transfer $100,000 to General Fund to cover 2 years of captain salaries○
<br />Allocation Change from 24.4% to 24.2% equates to -$9,252 reduction over 5 years○
<br />Expenditure Increase. $250,748•
<br />Public Safety Fund -+$19,252 Change in Fund Balance
<br />Charges for Services: 50% increase - PLACEHOLDER - New RFP in 2024 - $233,730 from $155,820 in 2024 •
<br />Recycling Costs: 50% increase - PLACEHOLDER - New RFP in 2024 - $162,225 from $108,150 in 2024•
<br />Does Council want to make any changes to these assumptions?•
<br />Recycling Fund
<br />2025-2029 CIP Changes (since 7/22/2024
<br />Meeting)
<br /> Budget Page 1
<br /> Attachment B
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