11-14-2007 Council Agenda - Laserfiche WebLink

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General Fund / Levy: As you know, we established the preliminary levy at the September 12, 2007, Council meeting. The gross levy was set at $2,387,488 with a net levy of $2,086,061. These amounts represent a 6.03% and 4.00% increase over the 2006 gross and net levies. The preliminary levy factored in a usage rate of 32% of the 2008 LGA this resulted in an anticipated surplus of $153,078. Staff has continued to pursue ways to lower the preliminary levy. Additional budget adjustments are presented below and have been included in the updated Levy Scenarios worksheet attached as Exhibit A. General Fund: • The initial budget anticipated the Receptionist position becoming full - time, we have elected to reduce this to Full -time only during the summer months when counter activity is the greatest and coverage of vacations contributes to staffing issues. Savings Impact = $9,823 • Additional turnover in Public works has resulted in a lower pay scale for 2008 for additional position in 2008 Savings Impact = $5,843 • Current information from the LMCIT indicates that insurance costs will remain the same as 2007. Savings Impact = $1,900 • Current discussions with Falcon Heights will likely result in a reduction in Building official costs billed. This has been a profitable partnership for the City and it is in our best interest to accommodate Falcon heights request. When we have the modification proposal finalized we will present it to the Council. Negative Impact = $11,000 • Legal and audit savings associated with the RFP process. Impact = $ 999" • Additional Building permits revenues attributable to the St Jude's project. St Jude's contractor has estimated the building permit at $315,000. The receipt of these funds is estimated to be $65,000 in 2007 and $250,000 in 2008 Positive Impact = $250,000