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8-15-18 <br />2019 Preliminary* (Working Document) Budget/Levy <br />LEVY SUMMARY: <br />GENERAL FUND LEVY: $10,136,869 -$9,395,242 (2018). Increase of $741,627 (increase 7.89%) <br />EDA LEVY: $101,663 - $103,981 (2018). Decrease of $2,318 <br />DEBT SERVICE LEVY: $1,994,072- $1,875,172 (2018). Increase of $118,900 (increase 6.34%) <br />TOTAL LEVY: $12,232,604- $11,374,395 (2018). Increase of $858,209 (increase 7.54%*) <br />*A 1% Levy Decrease to 6.54% = approximately a $114,000 Budget Reduction <br />TAXABLE VALUE: $24,888,422** $22,953,761 (2018) <br />**Estimate. TIF values not finalized. <br />Increase of $1,934,661 <br />Estimated tax capacity rate of 41.722% (41.730% in 2018) <br />(Fiscal Disparity numbers have not been received from County). <br />(increase 8.43%) <br />-General Levy: <br />General Fund: Levy Increase of $741,627 <br />A. Contributing Factors of Increase: <br />1. Personnel — Wages & Benefits ($689,540 increase): <br />a. 2.75% COLA January 1, 2019 <br />• CPI (4/1/17-4/1/18): 1.8% <br />• 24 City/County Average Proposed for 2019: 2.69% <br />b. Health Insurance Rate Increase of 12.7% employer paid: $55,398 (current employees) <br />• $653,922 Health Insurance Costs for Current Employees for 2019 <br />• $598,524 Adopted 2018 Budget <br />c. NEW Personnel Requests/Additional Hours: $319,219 — Wages & Benefits <br />1. FT Patrol Officer <br />2. FT Patrol Officer <br />3. FT Firefighter/Inspector <br />4. FT Street Maintenance Worker <br />5. PT Recreation Specialist (net of Recreation Program Intern & Summer <br />Park Intern <br />6. FT Engineering Administrative Assistant from 20 hours week to 40 hours <br />week <br />1 <br />