Agenda - Council Work Session - 08/25/2020

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Changes since 7-14-20 Budget Worksession: LEVY/GENERAL FUND BUDGET REDUCTIONS: Levy Reductions: Line Item Budget Changes (Increase of audit by $5,000 for Single Audit due to CARES Funding) Police request for Knox Boxes Police request for body cameras - Wait until mandates & possibility of grant funding Personnel request of Police Officer - Move Start Date to March 1, 2021 Personnel request of Police Tech. - Reclass to PT From FT (1300 hours) Personnel request of Building Maintenance Worker removed Personnel savings from refill of PT Building Maintenance Worker Add'I Contingency for Contract Negotiations Total General Levy Reductions Equipment Replace 3/4 Ton Pickup #654 Equipment Replace 1/2 Ton Pickup #665 Equipment for 2021 is funded from Landfill & Equip. Fund not tax levy Total General Fund Budget Reductions $ (16,100) $ (12,000) $ (42,800) $ (12,922) $ (31,890) $ (18,781) $ (7,183) $ 4,826 $ (136,850) $ (26,000) $ (27,000) $ (189,850) EDA FUND LEVY/BUDGET REDUCTIONS: Professional Services $ (13,000) TOTAL EDA FUND BUDGET REDUCTIONS: $ (13,000) DEBT REDUCTIONS: PW CAMPUS DEBT Reduced with CARES Funds Fund Balance ($1.312M) (Best guess estimate of fund bal at this time) Fire Station Debt Reduced with Debt funds from Closed bond fund 9351 (closed year end 2019) $ (33,060) $ (93,000) TOTAL DEBT REDUCTIONS: $ (126,060) GRAND TOTAL LEVY REDUCTIONS $ (275,910) NET EFFECT ON LEVY: 2020 Adopted Levy: $ 12,509,232 2021 Requested: 7-14-20 $ 13,501,199 Levy Increase $ 991,967 7.93% 2020 Adopted Levy $ 12,509,232 CC Recommendation 7-14-20 $ 13,259,786 Levy Increase $ 750,554 6.00% 2020 Adopted Levy $ 12,509,232 With all Budget Cuts Noted Above $ 13,225,289 Levy Increase $ 716,057 5.72%