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Agenda - Council Work Session - 08/12/2019
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Agenda - Council Work Session - 08/12/2019
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3/17/2025 2:32:22 PM
Creation date
8/29/2019 2:09:57 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
08/12/2019
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GENERAL FUND BUDGET: <br />Proposed Budget: $13,503,065 $13,492,492 ($12,838,782 2019 final) <br />653,710 (increase 5.17% 5.09%) <br />Major Changes from 2019 Adopted Budget: <br />Increase of $664,283 <br />Revenue: <br />- Property tax: $10,768,003 $10,751,756 ($9,927,432 in 2019) Increase of $840,571 $8 1,3''4 <br />- LGA: $0 <br />- Permit Revenue: <br />Increase of $101,000 <br />- Charges for Services: $665,262 $660,936 ($703,600 in 2019) Decrease of $38,338 $42,664 <br />-Miscellaneous Revenues: Decrease of $10, 000 from Newsletter Ad sales revenue <br />- Interest on Investments: $100,000 ($90,000 in 2019) <br />Interest rates are rising <br />- Transfers In: $878,000 ($1,132,450 in 2019) <br />Increase of $10,000 <br />Decrease of $254,450 <br />-Decrease in Capital Equipment Requests: $261,450 — Funded from the Equipment Revolving Fd <br />Expenditures: <br />- Cola — 3.00% For Everyone + Steps (if available) . <br />- Single Dental for all full-time employees <br />- Health Insurance:-10.4-11.5% increase for each employer paid plan. <br />- Capital Equipment: 100% Funded from Equipment Revolving Fund <br />equipment Revolving Fund depleted after 2020 <br />3 <br />
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