Agenda - Council - 09/09/2014 - Laserfiche WebLink

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lour 1111.1siion: To work together to reiposffity grow our community, and to provide quality, coat -effective, and efficient government ierrlcas. CC Regular Session 7. 3. Meeting Date: 09/09/2014 By: Diana Lund, Finance Title: Adopt Proposed 2015 General Fund Budget Information Purpose/Background: Purpose: To adopt a preliminary 2015 General Fund Budget that outlines the funding sources (taxes, building permits, etc) that support the General Operations of the City as outlined under the expenditure section of the budget. The budget as presented reflects the consensus of the city council at the final preliminary budget work session on September 2, 2014. The 2015 Proposed General Fund Budget, is strictly a "Proposed" budget and will be amended in the following months before final adoption in December, 2014. The budget as presented represents a balanced budget of $10,314,126, or a $563,991 or 5.78% increase over the adopted 2014 General Fund Budget of $9,750,135. The proposed budget includes the following initiatives and increases, comprising the majority of the $563,991 increase: Road reconstruction funding Elimination of the Housing and Redevelopment Authority (HRA) Full -Time Street Maintenance Worker and new plow truck (to maintain targeted maintenance levels) Other Personnel Services: Part -Time to Full -Time Office Assistant Cost -of -Living and step Adjustments Health Insurance PERA: State -mandated retirement rate increase Other Supplies: Salt & Asphalt Repair Supplies Other Charges: County Geographic Information System (GIS) program Parking Ramp maintenance (previously funded by HRA levy) Other Capital: 800 MHZ Radio System (3-Year Funding) The revenue sources are made up of: Taxes: 75.8% (73.6%-2014); Permits: 4.0% (5.2%-2014); Intergovernmental: 4.0% (4.1%-2014); Charges for Services: 5.4% (5.5%-2014); Fines/Interest Earnings: 1.4% (1.7%-2014); and Transfer from other Funds: 9.4% (9.9%-2014). In total, Public Safety [police, fire, inspections, civil defense] is now 42.1% (42.9%-2014) ofthe budget. General Government [administration, finance, elections, planning and legal] is 25.5% (25.6%-2014) ofthe budget. Public Works and Parks represent 30.8% (29.6%-2014) and miscellaneous and transfers make-up 1.6% (1.9%-2014) of the