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11-13-2023 Council Meeting Packet - Amended
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11-13-2023 Council Meeting Packet - Amended
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11/30/2023 4:34:21 PM
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11/30/2023 4:29:40 PM
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City Council
Council Document Type
Council Packet
Meeting Date
11/13/2023
Council Meeting Type
Regular
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a. The reduction would mean that some equipment that was planned to be replaced or <br />added in 2024 would not be purchased. <br />2. Training and Tuition ($12,800) <br />a. The reduction would result in the elimination of all elective and staff development <br />training opportunities; such as conferences, supervisor training, or new certification <br />courses. <br />Please note, decreasing Small Tools and Training and Tuition are a temporary fix to obtain a <br />balanced 2024 budget. In future budget years, those lines items will have to increase and will result <br />in an increased tax levy. <br /> <br />For the remainder of the budget impact ($21,790) staff recommends two options: <br />1. Decrease the General Fund contingency by $21,790 to a balance of $58,699. This is another <br />temporary fix to obtain a balanced 2024 budget. In future budget years the contingency may <br />need to increase and will result in an increased tax levy. <br /> <br />2. Decrease the interfund loan from the Sewer Fund for the purchase of the two water tenders <br />with Public Safety Aid. Use of $229,294 in Public Safety Aid for capital equipment is in line <br />with staff’s July 10, 2023 recommendation. The decrease in the interfund loan balance would <br />result in a decreased tax levy each year for the next 10 years. This option would not result in <br />an increase to the tax levy in future budget years. <br /> <br /> <br />121
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