11-09-2015 Council Packet - Laserfiche WebLink

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7. If the Park & Recreation Director's position were reduced to %2 time status, the position would not be typically be eligible for health insurance benefits. That would save about $11,800. 8. Transfer an additional $10,000 from the Cable TV Fund (#202) to the General Fund to offset costs such as insurance, utilities, payroll processing, work comp, etc. Franchise fees currently generate about $130,000 in revenue and we contribute about $30,000 of that amount back to North Suburban Cable Commission for franchise oversight and community access. Council Member Montour expressed concern with this option given the uncertainty surrounding the Comcast franchise renewal. As stated in an earlier memo, depending on what decisions are made relative to the final levy and expense reduction options, we may need to address the reallocation of costs to the general fund associated with some possible personnel moves. Specifically, if we move to the internal planner's position, we should shift about $29,600 in costs to the General Fund from the Water (601) and Sewer (602) funds to more accurately reflect where labor utilization is allocated. Salaries & Health Insurance: As stated earlier, we budgeted 2.5% across the board for cost of living increases. According to survey data we have reviewed from area cities, that proposal is about the norm. (The detailed salary schedules will be distributed at a later date for your review and comment.) As stated earlier, we received our health insurance renewal information this week. Based on past history, we had budget for a pretty heavy increase. The actual results are much better. The premium increase is around 2.5% while the deductible is also increasing from $1,800 to $2,000. In the revised budget amounts, we have provided for the city absorbing all of the premium increase as well as an increase in the deductible allowance for city employees. Capital Improvements Attached to this memo are revised Capital Improvement Fund Budgets. They include the following: General Capital Improvement Fund #400 Infrastructure Improvement Fund #450 Water & Sewer Capital Replacement Fund #604 You will note the General Capital Improvement Fund Projects a deficit in 2019 and a larger one in 2020. General Fund surplus transfers and any future receipt of Local Government Aid should more than erase 2019's deficit. In 2020, the addition of a second Spooner Park shelter at a cost of $395,000 contributes to that deficit. The following capital budget items have changed or been added since the first version of the budget was distributed. Bill Dircks has provided the following explanations for the changed items. 3