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2012 Budget Assumptions <br /> Salaries and Benefits <br /> - 10 FTE's <br /> - 0% COLA Increase <br /> - Step increase for 2 eligible employees <br /> - 0°/a increase to city insurance contribution <br /> Supplies <br /> - Inflationary increases <br /> Police and Fire <br /> - Assumes a 1.1 % increase <br /> Capital Improvement Plan <br /> - Street Maintenance Program $189,000 <br /> o Crack Fill 15K <br /> o Mill and Overlay 154K <br /> o Engineering 20K <br /> - Election Equipment $10,000 ' <br /> Overall Levy <br /> - If the levy is maintained at the 2011 level the City will have an anticipated $106,400 <br /> shortFall ($106,400 more expenditures than revenues) ', <br /> Options fo fund street maintenance fund (balance general fund budget) in year one and moving <br /> forward: <br /> A) Increase the overall levy by 4.7% in 2012 <br /> 8) lncrease overall levy by 2.35% in 2012 and 2.35% in 2013. <br /> C) Use a combination of a decrease in expenditures, special assessments, water fund transfer, <br /> fund balance and/or levy increase. <br /> Debt Levy <br /> - Remains at $529,000 and stays constant until new bond issue or existing bonds are <br /> retired. <br /> Assumes that the 20098 bonds are supported through proceeds from /and sa/es (2015) <br />