Agenda - Council - 09/26/2017 - Laserfiche WebLink

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lour Misiion: To work together to reiposibty grow our community, and to provide quality, coat -effective, and efficient government ierrlcas. CC Regular Session 7. 2. Meeting Date: 09/26/2017 By: Diana Lund, Finance Information Title: Adopt Resolutions #17-09-236 Adopting Proposed 2018 General Fund Budget and Resolution #17-09-237 Adopting Proposed EDA Budget Purpose/Background: Purpose: To adopt a preliminary 2018 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 and to adopt a preliminary 2018 Economic Development Authority (EDA) Budget. Both the General Fund and EDA Fund are supported by the property tax levy. The budgets as presented reflects the consensus of the City Council at the final preliminary budget work session on September 12, 2017. The 2018 Proposed General Fund and EDA Budgets, are strictly "proposed" budgets and will be amended in the following months before final adoption in December, 2017. The General Fund budget, as presented, represents a balanced budget of $12,123,284 or a $994,525 or 8.944% increase over the adopted 2017 General Fund Budget of $11,128,759. The 2018 EDA budget, as presented, totals $111,481 or a $2,500 decrease over the adopted 2017 EDA budget of $113,981. The decrease in the EDA budget for 2018 is attributed to the proposed decrease in interest earnings based on past history. The proposed General Fund budget includes the following increases, comprising the majority of the $994,525 increase: Personnel Services: *Full -Time Senior Planner: Approximately $92,0000 *Full -Time Parks Maintenance Worker: Approximately $54,000 *Part -Time Engineering Administrative Assistant: Approximately $23,000 *Increase Hours of Current IT Tech from 29 to 49 hours week: Approximately: $27,000 *Elections: Approx. $58,000 *Single Dental all FT Employees & 7.38% health insurance increase: Approx. $35,000 *Offset City Clerk Phased Out Retirement with 9 hours week assistance: Approx $12,000 *Cost of Living, Steps: (Includes wages & benefits excluding health & dental: $178,000