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Agenda - Council Work Session - 09/08/2020
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Agenda - Council Work Session - 09/08/2020
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3/17/2025 2:06:47 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
09/08/2020
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GENERAL FUND BUDGET: <br /> Proposed Budget: $14,423,348 ($13,303,589 2020 final) Increase of$1,119,759 (increase 8.42%) <br /> Major Changes from 2020 Adopted Budget: <br /> Revenue: <br /> -Property tax: $11,1491848 ($10,625,932 in 2020) Increase of$523,916 <br /> -LGA: $0 <br /> -Permit Revenue: Slight Decrease of$3,500 <br /> Intergovernmental Revenue: Increase of$28,205 <br /> -Charges for Services: $616,500 ($666,162 in 2020) Decrease of$44,662 <br /> -Transfers In: $1,422,200 ($796,000 in 2020) Increase of$626,200 <br /> -Increase in Capital Equipment Requests: $619,200—Funded from the Equipment Revolving Fd & <br /> Landfill Trust Fund <br /> Empenditures.0 <br /> -Cola—2.00% For Everyone + Steps (if available) + Contingency(All union contracts are open for <br /> negotiation). <br /> -Single Dental for all full-time employees <br /> -Health Insurance: - 5% increase for each employer paid plan. (All union contracts are open) <br /> -Capital Equipment: 100% Funded from Equipment Revolving Fund& Landfill Trust Fund <br /> Equipment Revolving Fund: $90,200 ending estimated 2021 Fund balance of$227,000 <br /> Landfill Fund- $1,000,000—Instead of issuing Capital Equipment Certificates for 2021 <br /> capital and save on another bond rating costs, the PW Campus debt was increased <br /> By$1M <br /> 3 <br />
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