Agenda - Council - 09/25/2018 - Laserfiche WebLink

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Our Mission: To wok together to respcsibty grow Our community, and to provide quality, cest,effective, and efficient government services. CC Regular Session 7. 1. Meeting Date: 09/25/2018 By: Diana Lund, Finance Information Title: Adopt Resolution #18-194 Adopting Proposed 2019 Payable Tax Levies (General, EDA and Debt Service) and Schedule Public Hearing for December 11, 2018 Purpose/Background: Purpose: Each taxing authority must certify its proposed preliminary property tax levies for payable 2019 to the County Auditor by September 28, 2018. Background: The levy as presented reflects the consensus of the majority of the City Council at the final preliminary budget/levy work session on August 28, 2018. Proposed 2019 Payable Tax Levy: Proposed Tax Levies: General Fund Levy: $10,047,646 EDA Levy (Included in General Levy) 101,663 (EDA presented 8-9-18) Debt Service Levy — CIP Bond -(Fire Station #2) (Being Requested) 205,678 Debt Service Levy — CIP Bond(Municipal Center) (Being Requested) 1,136,613 Debt Service Levy - 2013 Equipment Certificate 77,267 Debt Service Levy - 2014 Equipment Certificates 100,853 Reconstruction Debt - Andrie & Overlays (Being Requested) 77,509 Reconstruction Debt - Sunwood Drive & Alpine (Being Requested) 46,597 Reconstruction Debt - River's Bend & Stanhope Terrace (Being Requested) 55,600 Reconstruction Debt - Garnet Street & Overlays (Being Requested) 57,124 TOTAL PROPOSED LEVY — 2017 $11,906,550 The attached resolution, as it is presented, reflects a levy of $11,906,550. The proposed levy for 2019 reflects a $532,155 (4.68% increase) over the adopted levy in 2018 of $11,374,395. The levy increase of $532,155 is mostly attributed to three areas: 1. Personnel Funding - $587,086 increase over 2018 adopted budget. The increase is attributed to a 2.75% cost of living (COLA) adjustment for approximately 85 employees; step increases; double-digit health insurance increases; single dental for all full-time employees; increase in hours for Engineering Administrative Assistant from 20 hours to 40 hours/week; New Part -Time Recreation Specialist (offset with elimination of 2 interns), and four new Full -Time positions: Firefighter -Inspector, 2 Patrol Officers