Laserfiche WebLink
<br /> <br /> <br /> <br /> <br />Memorandum <br /> <br /> <br />Date: December 11, 2024 <br /> <br />To: Honorable Mayor and City Council Members <br /> <br />Through: Mark Statz, City Administrator <br /> <br />From: Bruce DeJong, Finance Director <br /> <br />Item: Budget and Tax Levy Discussion <br /> <br /> <br />City staff are pleased to present you with a 2025 budget where total expenditures and transfers <br />only increase by 2.8%. This is the culmination of six months of discussions and revisions to the <br />operating budget that take into account the cityÓs long-term debt service and capital outlay needs. <br /> <br />The following chart identifies expenditure changes of $4,000 or more in the General Fund <br />budget. <br /> <br /> Account Description $ Incr/(Decr) Reason <br /> Expenditures <br /> <br />Wages 44,900 COLA & Step/Grade Increases <br />Elections (15,320) No election in 2025 <br />City Hall Capital Outlay 10,000 Sidewalk/Railing <br />Police Contract 29,456 Per adopted CLPD budget <br />Fire Relief Aid (65,000) Duty transferred to Circle Pines <br />Public Works Work Comp 4,100 Premium Increases <br />Public Works Professional Service 4,000 Match recent experience <br />Park Maint Professional Service 4,000 Match recent experience <br />Economic Development Payment 16,658 EDA budget request <br />Street Improvement Transfer 6,760 3% Increase <br />Equipment Transfer 43,400 3% Increase & $40,000 for Park Equip <br />Other Misc Exp Changes 10,683 <br /> <br /> Total Expenditure Change 93,637 2.8% Total Expenditure Increase <br /> <br /> <br /> <br /> <br /> <br />