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Agenda - Council Work Session - 08/27/2024
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Agenda - Council Work Session - 08/27/2024
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3/13/2025 10:31:37 AM
Creation date
8/22/2024 3:44:26 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
08/27/2024
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FUND GENERAL FINANCE <br /> 2024 2025 <br /> Business Object <br /> Unit Account Description 2020 2021 2023 Adopted Requested <br /> Actual Actual 2022 Actual Actual Budget Budget <br /> 0153 6102 F.T.REGULAR-WAGES&SALARIES 2651330 2761264 247,373 2551114 304,115 362)012 <br /> 0153 6108 SEVERANCE PAY 111013 81,699 <br /> 0153 6121 PERA CONTRIBUTIONS 19)489 201428 18,501 18)890 221809 231374 <br /> 0153 6122 FICA/MEDICARE CONTRIBUTIONS 19;025 20.1511 191299 191179 24;895 30)468 <br /> 0153 6131 GROUP INSURANCE 271432 26)242 191708 26,186 34,706 50,528 <br /> 0153 6133 WORKERS COMP INSURANCE PREMIUM 1568 11190 1j246 1)308 11996 21207 <br /> 0153 6204 STATIONERY.,ENVELOPES&FORMS 372 841 372 1;009 600 11000 <br /> 0153 6208 MISCELLANEOUS OFFICE SUPPLIES 11861 264 312 225 400 400 <br /> 0153 6302 AUDITING&ACCOUNTING SERVICES 321405 38,260 34,712 40)216 37,000 50)000 <br /> 0153 6321 TELEPHONE 464 443 - <br /> 0153 6322 POSTAGE 11574 1571 11716 1543 2)000 2.1000 <br /> 0153 6335 TRAINING 1)739 31002 2,218 - 3,000 3,000 <br /> 0153 6352 GENERAL NOTICE&PUBLIC INFOR 296 409 306 505 500 550 <br /> 0153 6361 GENERAL LIABILITY/PROPERTY INS 3)874 41052 2)800 21612 2)795 2,724 <br /> 0153 6451 MEMBERSHIP DUES 623 777 640 365 850 11200 <br /> 0153 16489 OTHER CONTRACTED SERVICES 3,114 311450 4,952 3j709 SAO 51000 <br /> Total Expenditure 3791167 408)717 362,854 370)861 440,666 534,463 <br /> SUMMARY: <br /> OPERATING EXPENSE: 379,1167 408,717 362,854 370,861 440,666 534)463 <br /> CAPITAL OUTLAY: - - - - - - <br /> TOTAL EXPENDITURES 379,167 408,717 362)854 $ 370,861 440,666 534,463 <br /> PERSONNEL COMPLEMENT <br /> Finance Director 1.00 1.00 1.00 1.00 1.00 1.00 <br /> Asst.Finance Director 1.00 1.00 1.00 1.00 1.00 1.00 <br /> Accountant - - - 1.00 1.00 1.00 <br /> Accountant 11 1.00 - - 1.00 1.00 <br /> Accountant III - 1.00 1.00 - - - <br /> Accounting Clerk - - 1.00 1.00 1.00 1.00 <br /> Sr.Accounting Clerk 1.00 1.00 - - - - <br /> Finance Total 4.00 4.00 4.00 4.00 5.00 5.00 <br /> DESCRIPTION OF SERVICES: <br /> The Finance Department is responsible for financial reporting and budgeting, <br /> assessments,cash receipts,accounts receivable,accounts payable,payroll <br /> ,processing,debt service management and investment of all city funds. <br /> BUDGET HIGHLIGHTS <br /> Annual Audit-$13,000 increase(mini increase last 5 years) <br /> Market Rate Adjustments-From 2.09%-19.12% <br /> • COLA&Steps <br /> GOALS OF CURRENT YEAR BUDGET: <br /> • Continued long-term financial planning(5-Year Budget& 10-Year <br /> CIP) <br /> • Continued CAFR award recognition <br /> • Ensure compliance with state and federal laws <br /> Performance Measurements: <br /> 2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Estimate 1 2025 Projectedl <br /> Average Rate of Return 2.00% 1.53% 1.64% 2.92% 2.00% 2.00% <br /> Bond Rating AA+ AA+ AA+ AA+ AA+ AA+ <br />
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