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J <br />Line item budgets have been reviewed with the appropriate Staff and the City Administrator. This draft of the 2011 budget includes the following: <br />Expenditures <br />Salaries <br />• 0% COLA increase <br />• Step increases for Receptionist, Finance Director, and Building Inspector - $7,500 <br />• $0 increase to Single Coverage Cafeteria Contribution / $300 annual increase to Family Coverage Cafeteria Contribution - $1,500 <br />• Mandated Employer Rate for PERA increases from 7% to 7.25% <br />• Retain full -time Construction Inspector Employee <br />o Eliminated part-time help in Administration, Public Works and Park Maintenance – net of $52,000 <br />Capital Outlay <br />• Administration – various software upgrades and Account Clerk computer replacement - $2,000 <br />• Public Works – replace Massy Ferguson tractor - $65,000, trade up for 2001 bob cat with attachments - $15,000. Consider using fund balance for these <br />items. Streets – General crack fill - $26,000 <br />• Park Maintenance – Resurface Tennis Court $5,000. <br />Revenue <br />Property Tax Levy <br />• A 1 % increase in the City levy —the general levy would remain the same at $1,727,600 and the debt service levy would increase by $25,000 to $529,100. <br />The MVHC is anticipated to reduce the actual amount of levy received by $80,000. <br />Utility Rates <br />• Both the Water and Sewer rates are currently sufficient in meeting annual obligations. However, the Storm Water fund will be running significant deficits <br />for the next several years so raising the rate should be considered. Additionally, a meter read system is incorporated in the CIP and should be <br />discussed. <br />Fund Balance: Policy stipulates a fund balance of 40 to 50% of expenditures <br />Fund Balance % of Years Expenditures <br />2008 1,157,515 44.03% <br />2009 1,231,325 55.36% <br />Projected 2010 1,151,395 51.73% <br />Projected 2011 1,082,945 51.22% <br />