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LGENERAL FUND BUDGET: I <br />Proposed Budget: $12,419,505 ($11,128,759 in 2017) <br />Increase of $1,290,746 <br />Major Changes from 2017 Adopted Budhet: <br />(increase 11.60%) <br />Revenue: <br />- Property tax: $9,598,463 ($8,685,635 in 2017) Increase of $912,828 <br />- LGA: $0 <br />- Permit Revenue: Held constant <br />- Charges for Services: $710,244 ($619,462 in 2017) Increase of $90,782 <br />Mostly attributed to Engineering Revenue: Staff time on Public Projects: $58,282 increase <br />- Interest on Investments: $70,000 ($100,000 in 2017) <br />Based on 2016 rate of return <br />- Transfers In: $1,068,598 ($762,812 in 2017) <br />- Increase Capital Equipment Purchases: $203,698. Funding 100% from Equipment Revolving <br />- 1M additional Liability Insurance ($3M total): $22,588 funded from Insurance Fund <br />- 2nd Floor Community Room Build Out in Muni Center: $100,000 from Facility Fund <br />Decrease of ($30,000) <br />Increase of $305,786 <br />Expenditures: <br />tares: <br />- Cola -21/2% + 1/z% July 1 For Everyone + Steps (if available) <br />- Single Dental for all full-time employees <br />- Health Insurance: -7.38% increase for each employer paid plan based on documentation from <br />Union contract settlements 12/13/16 <br />- Capital Equipment: 100% Funded from Equipment Revolving Fund with Exception of $100,000 for <br />Muni Center 2nd Floor Community Center Build -Out <br />Equipment Fund Est Balance after 2018: $900,000 <br />Facility Fund Est Balance after 2018: $434,000 <br />3 <br />