CCP 12-13-2004 - Laserfiche WebLink

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. . . , , , Memo Proposed 2005 Budget 2 DISCUSSION: Staff has taken a conservative approach in preparing this budget. The Proposed 2005 Budget has incorporated the following assumptions: . Levy increase was limited to 4%. The 2005 levy revenue has been conservatively budgeted at less than 100% in anticipation of tax petitions or any other shortfall. If collection is higher than anticipated, it will offset any other revenue shortfall, or provide the opportunity to fund unanticipated projects, or contribute to the Capital Improvement Fund. . Salary adjustments as part of COLA/steps have been budgeted at 3%. . City contribution to health/dental benefits for both bargaining and non-bargaining staff has been increased to $533/employee. All technology upgrades, including the purchase of a copier have been budgeted as previously discussed by the Council. It should be noted that the City has not purchased the document imaging equipment as originally planned in the 2004 Budget. Staff is evaluating the option of hiring professionals to image the documents as opposed to purchasing the equipment and hiring part-time help to image the documents. The proposed budget has included the full purchase amount in the 2005 Budgct. A cost bcncfit analysis will be conducted. . Construction and road maintenance costs (PMP) were extensively reviewed by the Council over the past couple of months and the proposed budget has incorporated the projects included in the approved 5 Year CIP. . The City conducted a Utility Rates Study in September. In October, the Council approved the study and adopted the new rates as proposed in the study. The new revenue and expenditures are reflected in the Enterprise Fund Budgets. . Additional operating costs for the new Maintenance Facility have been budgeted. . Credit Card implementation - $12,000 has been budgeted for on-going service fees. . Diseased trees - $25,000 has been budgeted to address this issue. . Revenue reimburscmcnt for the half-time position from the Lake Johanna Fire Department has been eliminated as they plan to hire a full-time Fire Marshal. . Please note that the projected expenditures exceed projected revenue in certain non- general fund types' budgets. The variance is primarily due to funding portions of the construction projects from the fund balance. The overall Proposed 2005 Budget is $8,739,234 with a staff complement of23.75 FTEs. The proposed General Fund budget is $3,239,930. A preliminary levy was certified to the County on September IS, 2004. A final levy must be certified by Dccember 28, 2004.