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Page 2 of 5 <br />The 2014 Recommended Budget for the tax-supported programs is $23,008,060, an increase of 35 <br />$1,223,258 or 5.6%. The increase includes $560,000 for the re maining debt obligatio ns associated with 36 <br />the Parks Renewal Program. It also includes $225,000 in additional capital funding that was made 37 <br />possible by an appropriation of Local Government Aid. 38 <br /> 39 <br />The remaining $438,258 is needed to maintain current pr ograms and services that residents have come 40 <br />to expect. This operating budget increase amounts to a 2.0% increase which is less than the rate of 41 <br />inflation expected by most economic forecasts. 42 <br /> 43 <br /> 44 <br /> 45 <br /> 46 <br /> 47 <br /> 48 <br /> 49 <br /> 50 <br /> 51 <br /> 52 <br /> 53 <br /> 54 <br /> 55 <br /> 56 <br /> 57 <br /> 58 <br /> 59 <br /> 60 <br /> 61 <br /> 62 <br /> 63 <br /> 64 <br /> 65 <br /> 66 <br /> 67 <br /> 68 <br /> 69 <br /> 70 <br /> 71 <br /> 72 <br /> 73 <br /> 74 <br />The Recommended Budget will be funded by a combination of tax levy and fee increases, an infusion 75 <br />of local government aid, and the use of cash reserves . These funding sources ar e discussed in greater 76 <br />detail below. 77 <br /> 78 <br />2014 Recommended Budget Funding Sources 79 <br />In the General Fund, non-tax revenues are expected to remain stagnant overall for 2014. Increases in 80 <br />business licenses, permit fees, and court fines will be offset by a decline in in terest earnings. The Parks 81 <br />& Recreation Fund is expected to fa re slightly better with program fees increasing by approximately 82 <br />$41,000. The additional program fees will offset highe r employee and other operating costs. As noted 83 <br />Highlights of the Recommended Budget : <br /> <br /> Funding for a revised employee Compensation Pl an that adjusts for inflation and is <br />committed to wage levels that are more comparable to peer cities. This includes a 2% <br />cost-of-living adjustment for all regul ar, on-going employees and a 2.6% market <br />adjustment for most non-union employees beginning January 1 st . It also includes a <br />supplemental 2.0% market adjustment effective July 1 st . The overall market <br />adjustment of 4.6% is cons istent with the recommen dations identified in the <br />Compensation Study to bring employees to 100% of the peer city average. <br /> <br /> An appropriation to provide for a 3% employer-match to health insurance premium <br />increases. Employees will also pay 3% higher for their insurance. <br /> <br /> Additional funding for the Capital Improveme nt Plan (CIP) in accordance with the <br />Recommendations set forth by the Ci ty Council and CIP/Budget Committee. <br /> <br /> Monies to meet all new obligations including ; debt service, police and fire dispatch, <br />police and fire pension c ontributions, and others. <br /> <br /> Implementing proposed organizational chan ges in the Administration and Public <br />Works departments. <br /> <br /> Establishment of a new full-time Pa rk Maintenance Operator position. <br /> <br /> Additional appropriations in the Police De partment for overtime and New American <br />outreach materials. <br /> <br /> An appropriation to provide for adjustment s relating to compensation for the paid-on- <br />call firefighters.