2024-01-10 CC Packet - Laserfiche WebLink

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