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<br />City of Centerville <br />Narrative for 2009 Preliminary Budget <br />July 9, 2008 <br /> <br />Attached is the Preliminary Year 2009 General Fund Budget for the City of Centerville. This report is <br />intended to disclose all assumptions used in calculating the proposed budget and explain any significant <br />variances from last year. <br /> <br />The following assumptions were made in calculating the proposed budget: <br /> <br />Revenues: <br /> <br />Tax Lew <br />The general tax levy was increased by $58,720 for additional spending which is an increase of 2.96% . <br />At this proposed levy amount, tax capacity figures indicate that a tax rate will change slightly from <br />45.808 in 2008 to 47.342 in 2009. This tax capacity is based on updated county data that enumerated with <br />no increase in the city's tax capacity and an decrease in the city's contribution to area wide spending. <br /> <br />Local Government Aid <br />The city will receive no local government aid in 2009. In 2008, the city received $22,900. <br /> <br />Licenses and Permits <br />Licenses and Permits revenues will increase slightly because of a change in the housing market. <br /> <br />Fines and Forfeits <br />Fines and forfeits have been stable. <br /> <br />Interest Earninas <br />Interest earnings will decline because of a smaller investment portfolio. <br /> <br />Assessments <br />Assessment receipts will decline in 2009 because of fewer assessment receivables. <br /> <br />Other Financing Sources <br />The storm water fund will be contributing $95,000 for three years for the backage road storm water pond. <br />2009 is the first year of this contribution. <br /> <br />Expenditures: <br /> <br />Salaries and Benefits <br />The following assumptions were made in calculating salaries and benefits for the 2008 budget: <br /> <br />+ 3% structure increase (COLA); <br />+ 4% step increase for eligible employees; <br />+ A legislative mandated increased employer contribution rate to PERA; <br />+ Allocations were changed to more accurately reflect actual time spent, resulting <br />in slight differences in distributions across departments; <br />+ $25 per employee per month increase in health insurance contribution, in <br />accordance with the union contract. Insurance rates are expected to rise by 10- <br />15 % in January 2009 <br />