09-14-05 Council Workshop Minutes

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MINUTES CITY COUNCIL SEPTEMBER 14, 2005 Fines and Forfeits Revenues have remained flat, while False Alarm Revenues have decreased. Impact = ($1,500) Interest revenues are improved slightly due to improvement in short-term rates. However the City's long-term investments are generally not expected to turn over during 20061imiting the growth in interest earnings. Additionally in 2005 the General Fund had $1,828 in unrealized losses included in investment income. While the reversal of these losses will ease pressure on earnings in future years, a budget projection for gains or losses was not made. Impact = $5,000 The 2005 reimbursement from Falcon Heights for inspection services was under budget by $9,088 due to the billing associated with Fire Marshal services being eliminated. This loss in revenues was offset by the decrease in 2005 Assistant Fire Marshal wages of $13,200 associated with Falcon Heights (see expenses). The reimbursement for 2006 Building Official services is anticipated to be $37,371, a $1,459 increase. Impact = ($7,629) General Fund Expense considerations are as follows: A modest increase in LMC dues. Impact = $461 Federal, State and Local election costs in 2006. Impact = $6,326 Accountant's costs were increased for on going additional audit expense associated with GASB 34. Impact = $1,000 Legal fees are down by 2.68%. The Civil Retainer is proposed to remain at 2005's level. The Prosecution Retainer is proposed to decrease by $200 per month. The Gross Misdemeanor Prosecutions, Forfeitures and advanced costs budget has decreased by $1,650 in total Impact =$(4,050) Insurance costs are budgeted to increase over last year's budget. The increasing workers compensation rates are a substantial portion of this increase. Impact = $1,925 Sheriff's Contract is project to increase by 8.04%. This adjustment when coupled with last years negligible increase is more in line with increases 4