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58 <br />Monthly Impact on a Single-Family Home <br />59 <br /> <br />60 <br />2014 2015 Increase % <br />Property Tax $ 64.85 $ 69.75 <br />Utility Bill 57.37 56.47 <br />Total $ 122.22 $ 126.22 $ 4.00 3.3 % <br /> <br />61 <br />62 <br />2015 Budget <br />63 <br />As adopted on December 8, 2014 the 2015 Budget is $52,045,290. The Budget for the tax-supported <br />64 <br />programs is $26,055,340, an increase of $1,332,055 or 5.4% including capital-related expenditures. If <br />65 <br />we exclude capital items, the spending increase is only $608,485 or 2.5%. <br />66 <br />67 <br />Spending increases in the tax-supported programs including capital is shown in the table below. <br />68 <br />69 <br />2014 Operating Budget <br />$ 24,723,285 <br />2015 Budget Reductions <br />Supplies, materials, contractual services(57,080)$ <br />Contribution to Fire Relief Association(11,000) <br />Debt Service(220,000) <br />Total Budget Reductions(288,080)$ <br />2015 Budget Additions <br />Supplies, materials, contractual services251,430$ <br />Employee cost-of-living-adjustment203,135 <br />Employee wage step increases168,000 <br />Employee position changes/reorg.174,000 <br />PERA pension increases100,000 <br />Capital replacements723,570 <br />Total Budget Additions1,$ 620,135 <br />Net Budget Change <br />$ 1,332,055 <br />2015 Operating Budget <br />$ 26,055,340 <br />% Increase5.4% <br />70 <br />PO <br />OLICYBJECTIVE <br />71 <br />Not applicable. <br />72 <br />FI <br />INANCIAL MPACTS <br />73 <br />Not applicable. <br />74 <br />SR <br />TAFF ECOMMENDATION <br />75 <br />Not applicable. <br />76 <br />RCA <br />EQUESTED OUNCIL CTION <br />77 <br />For information purposes only. No formal Council actioin is required. <br />78 <br />79 <br />Prepared by: Chris Miller, Finance Director <br />80 <br />Attachments: A: Not applicable <br />Page 3 of 3 <br /> <br />