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Agenda - Council Work Session - 09/10/2019
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Agenda - Council Work Session - 09/10/2019
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3/17/2025 2:33:45 PM
Creation date
9/25/2019 10:30:05 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
09/10/2019
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GENERAL FUND BUDGET: <br />Proposed Budget: $13,413,871 ($12,838,782 - 2019 final) <br />Major Changes from 2019 Adopted Budget: <br />Revenue: <br />- Property tax: $10, 658, 409 ($9,927,432 in 2019) Increase of $730,977 <br />- LGA: $0 <br />- Permit Revenue: Increase of $101,000 <br />- Charges for Services: $665,262 ($703,600 in 2019) <br />Increase of $575,089/4.48% <br />Decrease of $38,338 <br />- Interest on Investments: $100,000 ($90,000 in 2019) Increase of $10,000 <br />Interest rates are rising <br />- Transfers In: $878,000 ($1,132,450 in 2019) <br />Decrease of $254,450 <br />-Decrease in Capital Equipment Requests: $261,450 — Funded from the Equipment Revolving Fd <br />E+ %Dendl1u'es: <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 />;fquipment Revolving Fund depleted after 2/111 <br />2 <br />
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