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8. PERSONAL TIME OFF (PTO)/EARNED SAFE AND SICK (ESST) - LEAVE WITH <br />PAY. Discussion ensued about proposed changes to the current policy. Discussion ensued <br />about the following: <br /> The allotted time off for part-time employees per city policy vs amount required by <br />state law. <br /> The accrual process, i.e., immediate accrual vs waiting until employee reaches 80 <br />hours. <br /> Accrual maximums and the balance carry-over process, i.e., capping time or <br />allowing 256-hour balance carry-over like full-time employees. <br /> Safeguards in place for employees who request to take sick and safe time. <br /> The city’s electronic use policy will be replaced with Metro-INet terms of use and <br />conditions. <br /> <br />3. Long Range Financial Plan – Fnance Director Bruce DeJong reviewed the financial <br />plan, noting key information for the plan from 2022-2032: <br />a. Centennial PD cost decreased (due to formula) from $160,000 to $134,960. <br />b. Transfer of the $25,040 difference to the street fund to help with street <br />improvements for one year. <br />c. Estimated increase expenditures by what’s in budget for 2024 and then everything <br />else by 3% in 2025 and beyond. <br />d. Revenues will be set so there will be an increase in fees -- building permit fees <br />will increase slightly. <br />e. Police Department Contract - an estimated 5% increase in overall costs for 2025 <br />and 2026 and using formula change. The increase will be offset by the public <br />safety grant in 2024. <br />f. 2024 bond levy was only reduced by $3,000 rather than $25,0000 annual <br />reduction plan that is built into the refunding bonding schedule. This leads to a <br />higher tax levy in the General Fund but is offset by a decrease in debt levies. <br />g. Debt Service – bonds will be paid off in 2029. <br />h. The purpose of this plan in place is to avoid spikes. <br />Finance Director DeJong answered questions that provided clarity on the fire department <br />budget and debt service. <br /> <br />4. Final 2024 Budget items – Finance Director Bruce DeJong reviewed the presentation <br />slides from the packet, noting major changes in revenues and expenditures for 2024. He <br />stated that there is nothing different from what was presented in November. Discussion <br />ensued about the street improvements and the street fund. <br /> <br />III. ADJOURNMENT 6:20 p.m. <br /> <br />