Laserfiche WebLink
Park administration. Changes reflect adjustments closer to <br /> actual costs. Reduction of 1,892 or 12% in the <br /> transfer to the park recreation special revenue fund that <br /> covers costs of programs. This reflects drop in anticipated <br /> costs from a high cost ice rink season in 1992 and 1993 <br /> due to accommodating weather. <br /> Park maintenance. Changes reflect shifts in staff time <br /> allocations between streets and parks. <br /> Contingency. <br /> Miscellaneous. This covers any unanticipated <br /> expenses and is critical to being able to cover <br /> unanticipated legal costs, equipment repairs and <br /> other items. It is reduced by 7,446 or 25% to <br /> help compensate for revenue Toss under property <br /> taxes. Funds that are not used during the year are <br /> put into the city's reserve fund and eventually are <br /> transferred to the city's capital funds to provide for <br /> capital improvements and purchases. <br /> Standard compensation. 3% increase for <br /> satisfactorily performing employees. <br /> (The estimated increase in Minnesota personal <br /> income over the next calendar year is 4.5 <br /> Merit increase. A 1 1/2% merit increase for <br /> exemplary performance is available for the <br /> administrator to award. This is not built into the <br /> salary base. <br /> Benefits. In the past the city's policy has been to <br /> cover up to 75% of the cost of family health <br /> coverage. Employees without family coverage fall <br /> substantially under that cap. <br /> Transfer to infrastructure. In past years operating <br /> transfers have been made to the infrastructure <br /> capital fund. <br /> 5 <br />