Agenda - Charter Commission - 09/19/2013

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BUDGET The investment to implement the Three - Year Strategic Action Plan was estimated based on the following assumptions: • The budget uses the 2013 General Fund Budget of $10,293,837 as its baseline for moving forward. • The current baseline for staff level is $5,806,331 of personnel costs, including salaries benefits and health insurance. • Additional staff recommended in the Plan includes 7.5 FTEs (5 in 2014, 2.5 in 2015 — two Police Officers, one Building Official to replace contracted services, one Office Assistant, one Engineering Technician III, half -time IT Technician, and two Public Works positions (one funded from the General Fund and one from Enterprise Funds.) • Budget does not include adjustment for inflation or cost -of- living adjustments. • Implementation of the 40 -Year Road Construction Plan would cost approximately $3 million a year. • The budget suggests an increase of $579,749 for staffing and $1,916,500 for the first year of implementation of transportation improvements and escalates accordingly -- $393,720 for staffing in 2014 and $572,440 in 2015. Identifying and securing other funding mechanisms /sources will help fund the Three -Year Strategic Action Plan. The timeframe for implementation will be determined by the City Council's approved budget for the following years: 2014, 2015, 2016. Other potential funding mechanisms /sources include: selling city -owned properties, implementing a franchise fee or a dedicated transportation fee, or increasing property taxes. It is critical that the city does NOT rely on one -time sources of money to fund on -going operations of the city. Duckor ^ Associates •, O. • • • Page 14 of 17