2003 Approved Budget - Laserfiche WebLink

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200.E Ri0crpt by Fiinetinn D Ckneral i)vemn -ie nt 11 PUblic Safety 0 PLiblic Works Parks & Recreation M -`O[Tullun itv Developnicnt C j)CCK11 PUrPOS © Capital (non - peratin � El Enterpnse Operatioils 0 Debt Scrvice D TIF E Tr-us t Operations As is tvpical ofs n,ice -s ctor industries "'itic �is local governnient. the iieed to (Attract and retaarl hicyh1v qualified personnel reni ins one of our i ��crest clialleri oe s_ of surprisingly. personnel cosh reniEi ire as oile Of the Citv-s h iu Best operatitl a costs. compri sin cy ap rox imatcl v n -tli ird of the C M's total sp ndincr. This percent i cy has remained fair] v constant over the last several years. The 2003 Buck,let provides for, �I cost of 'r�justilleill of I -i e the 1. /1 0 arid 4LO00.0 Cost of l ivin y increases in the last two years, the 1 ) COLA is The s�rrrie s that provided to most other Twin Citv Metro cities. Tlierse compentive w aa,e adjustments have allmv d the 'itv to remain competitive with the marketplace. and continue attracting lei Ohl %- qua ifi d personnel, Another challen(e facing the 'it %, is the rising costs of healthcare. Consistent with national l and ,14atewide treads. the its-" s share of healthcare costs has risen ubstant i a l l y over the pest few years. The 2_ o3 Budget reflects a 1? {'.- 1 nc Fease ire healthcare costs for th e Cit ),-. With respect to non -pers iine1 costs. the 'ity" s operations have strcc ssful lv continued with at- or-below inflation increases. The itv regains assert iv in iddin�cy supplies, Materials, and contractual services. In addition, the Citv has purstrcd joint povvers acyreements. public-private partnerships. and other efforts to improve operating efficiencies iencies i n the current budget -year and beyond. W City spending on 'Other Se -Iccs' reflects the continued deeisi j� �ncr sere i yes. This it e liid e s the purchase of bulk water from the Citv of St. Paul as well as the water treatr-fient costs paid to the N -1 tr politan Council. These two contractual -services cony rise ppro imatety 5�.2 ni l ion annual l v% or 150.,0 of total City- spendinc_ The City's capital replacement costs can flu grate Widely f r ni year to yc r. and are expected to I re se in X00'. However% throu crh planned depreciation ch rcr (sinking funds), these costs %v i l l be Rind ed l aror l v th ro u Rh des i an t ed reserves that %vere established over a period of v e ar . As a result their will be ni inirnal impact in 21003 ors tax p v r .