Laserfiche WebLink
MINUTES <br />CITY COUNCIL <br />NOVEMBER 8, 2006 <br />^ The preliminary levy included $5,000 estimated savings based on <br />modifications in capitalization rates and allocations of the Lino Labor <br />Crew. A further review resulted in additional savings of $3,500. <br />Impact = $3,500 <br />^ Subsequent to the initial budgeC proposal it was determined that the City <br />did not have the authority to use Administrative fines. Administrative <br />fines had been estimated at $15,000 for budget purposes. <br />Impact = ($15,000) <br />• Insurance savings resulting from lowering the deductible for Property <br />insurance was not as great as originally expected. <br />Impact = ($1,452) <br />• All remaining individual revenue and expense line item were also <br />reviewed. This resulted in both increases and decreases in varying <br />amounts less than $1,000. The cumulative net change due these minor <br />adjustments was a $428 increase in cost. <br />Impact = ($428) <br />The preliminary levy included the use $43,950 of the 2006 estimated <br />surplus as one time source in order to cap the net levy increase at 4%. <br />Given that the subsequenC budgeC modifications had a positive net impact <br />to the general fund the use of the 2006 surplus has been decreased to <br />$18,000. This results in a capped net levy increase of approximately 3.5%. <br />It should be noted that any positive budget variance in 2007 could easily <br />offset this amount thereby negating the use of reserves in that budget year. <br />However, the long term implication is that added revenue or reduction of <br />expenses needs to occur to finance the underlying costs in future years or <br />the continued use of reserves will be necessary. To that end, staff feels we <br />should undertake a Request For Proposals process on major consulting <br />services in 2007 Chat have not been priced checked in quite some time <br />(auditor, planner, and city attorney). This is by no means intended as any <br />disrespect for the excellent job each of them does, but rather it is a way to <br />ensure accountability in those expenditure areas and it may potentially <br />generate some cost savings. <br />Impact = $18,000 <br />The Council discussed the recommendation to do RFP's on major <br />consulting services, with Montour commenting that he did not feel the <br />City would achieve an $18,000 savings in this area. The Finance Director <br />noted that while there are limited options for animal control services and <br />engineering and policing costs have been price-checked recently, auditing, <br />legal, and planning costs have not been priced-checked for some time. <br />The Director anticipated thaC the savings could be in the $18,000 range. It <br />