Laserfiche WebLink
MINUTES <br />CITY COUNCIL <br />SEPTEMBER 8, 2004 <br />The Accounting Supervisor noted some other points of interest in the <br />proposed 2005 Budget. These include that the General Fund Reserve <br />calculation shows that the City will not be able to fully fund reserves; as a <br />result there is no transfer to the General Capital Improvement Fund <br />projected. The General Fund tax collection rate is assumed to be 97.5% <br />for budget purposes. The Water and Sewer Funds are not included as part <br />of the Budget, and will be subject to subsequent review and approval by <br />the Council Tentative adjustments to the City's employee compensation <br />program are proposed at approximately 3% plus step increases. The <br />City's contribution to employee health insurance is proposed at a level that <br />is based on an estimate of 2005 Stanton Survey information versus 2004 <br />information. <br />Blesener indicated that he had uo problem with the proposed health <br />insurance cap as outlined in the Accounting Supervisor's September 3, <br />2004 memo. Blesener also commended the Accounting Supervisor for her <br />very thorough budget information and analysis. <br />T'he City Administrator noted that the City must set the preliminary 2005 <br />levy amowrt by September 15, 2004. Once the preliminary levy is set, the <br />City will be able to reduce the levy amount when it adopts the final 2005 <br />Budget, but will not be able to increase that amount. <br />Montour indicated that he supported the preliminary levy amount as <br />proposed, but noted that his goal would be to reduce the levy to a 0% <br />increase in adopting the final budget. <br />Fahey pointed out the outstanding issue of the City's contribution to the <br />Fire Relief Association and their request fora $42,000 contribution from <br />the City. The City Administrator indicated that the City's agreement with <br />the Fire Relief Association provides fora $15,000 contribution from the <br />City and that is the amount included in the budget. To provide for this <br />increase, the City Administrator noted the gross levy would increase to <br />$2,]44,856 and would result in a 2.0% increase over 2004. <br />Fahey suggested that the contribution amount be increased to $42,000 for <br />budget pwposes, with discussion and finalization of that number at a later <br />date. <br />Blesener suggested that while the $15,000 number may be too low, he felt <br />the $42,000 number was excessive. Blesener stated that he did not supporC <br />increasing the preliminary budget amount to provide for the $42,000. <br />LaValle agreed. <br />Fahey stated that he was not sure yet what the level of City participation <br />should be, noting that additional information will be forthcoming to assist <br />4 <br />