10-23-2013 Council Agenda - Laserfiche WebLink

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515 Little Canada Road, Little Canada, MN 55117 -1600 (651) 766 -4029 / FAX: (651) 766 -4048 www.ci.little- canada. mn. us MEMORANDUM TO: Mayor Blesener and Members of the City Council FROM: Joel Hanson, City Administrator Sharon Provos, Finance Director DATE: October 18, 2013 RE: Proposed 2014 Capital Improvements Program MAYOR Bill Blesener COUNCIL Rick Montour John Keis Michael McGraw Shelly Boss ADMINISTRATOR Joel R. Henson The 2014 Budget revisions to the General Fund: • 2014 Health Insurance costs are still in flux. There will be a staff meeting with Financial Concepts this Wednesday (10/23) to review our options. If we stay with our current plan, we are looking at a 19% increase. If we leave the co -op we currently participate in, we can drop that amount to under 15% while also lowering our deductible. It is safe to assume we will have to revise our budget numbers for health insurance depending on the option chosen and the amount of employee contribution. Staff will have a more detailed recommendation for our next budget workshop. • There is an increase in sealcoating costs of $35,000 over the preliminary budget amount. This is due to an increase in the amount of square footage being seal coated in 2014. (This was discussed at the September budget workshop.) • $5,000 is included for rainwater garden maintenance. The Watershed District covered the entire cost in 2013 and they are asking us to share the costs with them in 2014. • An additional $5,000 was added for soccer field repair /maintenance. The 2014 Budget revisions to the Cable TV Fund: • The $48,000 budgeted for 2013 to cover the cost of fiber cable to City I -Iall and the Fire Station has been carried forward to 2014. This cost may be avoidable depending on the outcome of the Comcast Franchise renewal discussion. Roseville IT has also mentioned some other option that could be considered. We are keeping this amount in the budget as a place holder pending further information. We are also budgeting an additional $139,000 for upgrading our Cable TV and computer equipment. General Capital Improvement Fund - #400: Revenues: We are not showing LGA beyond 2014 to address the potential for its possible elimination. If we continue to receive LGA beyond 2014, staff is recommending we only add LGA back for the next budget year to avoid dependency /cutback issues. Any aid forthcoming beyond 2014 will only help to improve the fund balance. 1