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Projected Budget Reductions: Property Tax-Supported Programs <br />71 <br />72 <br />2014 <br />Budget Reduction Item Description / Comments Amount <br />HRIS Software acquisition Purchased in 2013; funding no longer needed (net) $20,000 <br />Fire Relief contribution City contribution obligation reduction 80,000 <br />Total $ 100,000 <br />73 <br />As shown in the table above, we are projecting $100,000 in budgetary savings for 2014 due to reduced <br />74 <br />obligations or for items that are no longer needed. <br />75 <br />76 <br />Potential Budget Impacts: Property Tax-Supported Programs <br />77 <br />78 <br />2014 <br />Budget Impact Item Description / Comments Amount <br />Debt obligations Remaining portion of the Parks Renewal Bonds $ 560,000 <br />Employee COLA Based on 2% cost-of-living-adjustment (COLA) 185,000 <br />Employee wage step increases For eligible employees 100,000 <br />Employer PERA mandates Mandated contribution increase for Police, Fire 30,000 <br />Employer healthcare increases Based on a 3% Healthcare contribution increase 50,000 <br />Employee wage adjustments Based on Compensation Study 200,000 <br />Police Patrol 2 Additional commercial patrol officers 140,000 <br />Police Patrol Additional overtime 10,000 <br />Parks & Recreation Volunteer Coordinator position 85,000 <br />Parks & Recreation Park Supervisor position 90,000 <br />Police Patrol Additional contractual Dispatch costs 65,000 <br />General inflation Inflation on supplies, professional services, etc. 100,000 <br />Total $ 1,615,000 <br />79 <br />As shown in this table, we are projecting approximately $1,615,000 in potential new obligations for <br />80 <br />2014 not including any new funding for the CIP. It should be noted that the debt service portion is <br />81 <br />excluded from any levy limit calculations and will NOT count against the 3% maximum increases <br />82 <br />allowed by State Statute. <br />83 <br />PO <br />OLICYBJECTIVE <br />84 <br />Receiving City Council guidance in advance of preparing the City Manager Recommended Budget is <br />85 <br />consistent with past practices and promotes a deliberate, transparent, and effective budget process. <br />86 <br />FI <br />INANCIAL MPACTS <br />87 <br />See information above. <br />88 <br />SR <br />TAFF ECOMMENDATION <br />89 <br />Staff recommends that the Council provide budget guidance and/or directives to ensure that the City <br />90 <br />Manager Recommended Budget reflects the Council’s goals and objectives. <br />91 <br />RCA <br />EQUESTED OUNCIL CTION <br />92 <br />Provide guidance and/or directives for the 2014 Budget. <br />93 <br />94 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Operating Budget Policy <br /> B: Operating Fund Cash Reserve Policy <br />Page 3 of 3 <br /> <br />