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<br />Memo <br />Proposed 2005 Budget <br />2 <br /> <br />· Salary adjustments as part of COLNsteps have been budgeted at 3%. <br />. City contribution to health/dental benefits for both bargaining and non-bargaining staff <br />has been increased to $533/employee. All teclmology upgrades, including the purchase <br />of a copier have been budgeted as preyiously discussed by the CounciL It should be <br />noted that the City has not purchased the document imaging equipment as originally <br />planned in the 2004 Budget. Staff is evaluating the option of hiring professionals to <br />image the documents as opposed to purchasing the equipment and hiring part-time help <br />to image the documents. The proposed budget has included the full purchase amount in <br />the 2005 Budget. A cost benefit analysis will be conducted. <br />· Construction and road maintenance costs (PMP) were extcnsively reviewed by the <br />Council over the past couple of months and the proposed budget has incorporated the <br />projects included in the approved 5 Year CIP. <br />· The City conducted a Utility Rates Study in September. In October, the Council <br />approved the study and adopted the new rates as proposed in the study. The new revenue <br />and expenditures are reflected in the Enterprise Fund Budgets. <br />· Additional operating costs for the new Maintenance Facility have been budgeted. <br />. Credit Card implementation - $12,000 has been budgeted for on-going service fees. <br />· Disease trees - $25,000 has been budgeted to address this issue. <br />· Revenue reimbursement for the half-time position from the Lake Johanna Fire <br />Department has been eliminated as they plan to hire a full-time Fire Marshal. <br />· TCAAP revenues and expenditures are projected to decline due to the fact that the <br />planning line item, which comprises 60% of the total TCAAP budget, will be <br />significantly completed in 2004. <br />· Please note that the projected expenditures exceed projected revenue in certain non- <br />general fund types' budgets. Thc variance is primarily due to funding portions of the <br />construction projects from the fund balance. <br /> <br />A preliminary levy was certified to the County on September IS, 2004. A final levy must be <br />certified prior to December 31, 2004. <br /> <br />RECOMMENDED ACTION: <br /> <br />Information provided for discussion purposes. The Truth in Taxation hearing is scheduled for <br />December 6, 2004, with a final adoption of levy certification and the budget to take place on <br />December 13, 2004. <br /> <br />~ <br />. <br /> <br />. <br /> <br />e <br />