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10-24-2022 Council Work Session Packet Special
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10-24-2022 Council Work Session Packet Special
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12/14/2022 9:06:13 AM
Creation date
12/12/2022 2:14:40 PM
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City Council
Council Document Type
Council Packet
Meeting Date
10/24/2022
Council Meeting Type
Work Session Special
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FORM B-1 2023 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 465 FUND: 602 <br />NAME:SEWER OPERATING <br />6 <br />Account #:4363 Amount (neg if decrease)$40 <br />AUTO INSURANCE <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />7 <br />Account #:4370 Amount (neg if decrease)$140 <br />UNIFORMS <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />8 <br />Account #:4405 Amount (neg if decrease)$77,806 <br />MCES TREATMENT CHARGES <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />LMCIT Auto Insurance Coverage. LMCIT expects overall auto rates to remain relatively stable, but suggest allowing for <br />5 to 10% increases for auto rates to account for the potential for inflationary considerations. <br />Assumption is built from known premium through August 2023 and a 10% increase for renewal. <br />Increase is an adjustment to accommodate 5 maintenance employees. <br />Reflects and accurate budget. <br />Fund will have a negative balance. <br />Met Council Municipal Wastewater Charge. The fee is based on the portion of wastewater flow discharged from the <br />community to the regional system in the past year (2021) multiplied by the regional wastewater charge for the next <br />year (2023). Year-to-year changes are affected by growth, water conservation, and inflow and infiltration. <br />104
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