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*Staff will be available at the workshop to provide any additional information on the above items <br />if needed. <br />Other ways to reduce the Levy: <br />Utilize existing fund balance. At the end of 2024 unassigned fund balance $4,374,339 or <br />76.25% of the 2025 Budget. City Policy 42.5% - 65%. The State Auditor recommends <br />municipalities carry a fund balance of 35% to 50% (This type of approach only works for <br />one-time identified expenditures, that would not carry over in the following year’s <br />budget) – We recommend using for the proposed Compensation Study <br />Adjust the Safety Margin currently at 2.5% – Staff does not recommend more than .5% <br />since last year, there were an increased number of petitions that reduced our collection rate <br />to 97.84%. <br />Reduce Council Contingency – Budgeted at $15,000 <br />Utilize 10% Fund for the Northeast Youth & Family Donation - $25,808 (10% Fund policy <br />discussion will be coming in the near future) <br />Eliminate or postpone discussion items from above <br />Reduce COLA currently set at 3% a $48,635.82 impact to the Levy <br />Postpone the $70,000 increase to the levy designated for the community building, <br />currently at $130,000 in 2025. <br />Documents Included with the Packet: <br />1)Ramsey County Sheriff’s Office Proposed Budget & Budget Book <br />2)Contract Request – Fire <br />3)Budget Summary by Category and Department