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Agenda - Council Work Session - 07/08/2014
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Agenda - Council Work Session - 07/08/2014
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Last modified
3/17/2025 4:21:17 PM
Creation date
7/9/2014 12:01:39 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
07/08/2014
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G <br />FUND "URGE <br />Proposed Budget: $10,579,826 ($9,750,135 in 2014) <br />Ma or Chan es from 2014 Ado rtes <br />Revenue: <br />- Property tax: $8,430,514 ($7,201,730 in 2014) Increase of $1,228,784 <br />-LGA: $110,350 ($91,376 in 2014) Increase of $18,974 <br />- Building Permit Revenue: $365,000 ($573,293 in 2014) Decrease of $208,293 <br />- Engineering Revenue: $10,000 ($205,000 in 2014) Decrease of $195,000 <br />• Based on Private Projects only. Public Projects is just pulling from other city funds <br />- Transfers In: $908,162 ($961,486 in 2014) Decrease of $53,324 <br />• Included in 2015 Total is $611,063 of Capital Funded through equipment certificates? <br />• TIF 4 no longer funding $275,000 to offset road projects <br />Expenditures: <br />-Cola -% (Will be verbally discussed due to,open union contracts) All employees <br />- Health Insurance: (Will be verbally discussed due to open union contracts) <br />-Pera Mandatory Rate Increases: <br />- Police from 15.3% to 16.2% <br />- Basic from 7.25% to 7.5% <br />I.r <br />udget: <br />Increase of $829,691 <br />-HRA dissolved into General fund & EDA fund ($207,802 -2014 HRA Budget) <br />- Capital Equipment: How funded? Equipment Fund or Debt that adds $228,478 to levy <br />Departmental Budget Changes: <br />-City Council (111): <br />$3,000 increase for Happy Days to $10,000 <br />$3,000 for Mediation Services (Not budgeted for several years) <br />
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