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<br />WS – Item 1 <br />WORK SESSION STAFF REPORT <br />Special Work Session Item No. 1 <br /> <br /> <br />Date: August 2, 2018 <br /> <br />To: Mayor and City Council <br /> <br />From: Sarah Cotton, Finance Director <br /> <br />Re: 2019 Draft Budget & Tax Levy <br /> <br /> <br />Background <br /> <br />Transmitted for your review and discussion is the first draft of the 2019 Budget and Tax <br />Levy. The draft was prepared by department directors and reviewed by the City <br />Administrator with the intention of providing the resources needed to continue city services <br />at their current levels. A Special Budget Work Session has been scheduled for Thursday, <br />August 2nd. <br /> <br />Staff is still working to prepare additional documentation and supporting <br />information related to Capital Equipment Replacement and various other <br />items/projects for Council discussion and consideration. This information will be sent <br />out electronically to the Council on Friday, July 27th. <br /> <br />The 2019 draft budget is balanced with resources and expenditures of $10,938,556, which <br />is a 0.07% decrease relative to the 2018 adopted budget. Included in the draft are resources <br />needed in order to continue to provide City services at their current levels. The draft budget <br />assumes a COLA of 2.5%, as well as a 5.0% increase in the City’s contribution towards <br />estimated health insurance premiums, a 4% increase in dental premiums, and a 5% increase <br />in worker’s compensation premiums. <br /> <br />A summary of adjustments to the 2019 Base Budget is provided on pages 12-13 of the 2019 <br />Budget document (hard copy to be provided at July 23rd City Council Meeting). The total <br />increase to the base budget of $379,132 includes: <br /> <br />• Additional personnel requests in the Community Development, Public Safety, and <br />Public Services Departments <br />• Increased pavement management funding - $62,100 <br />• Increased storm systems maintenance - $15,000 <br />• Decreased contingency for unknowns - $25,000 <br />• Replace ballfield fencing and upgrade irrigation systems - $15,000 <br />• Complete EAB removal at Country Lakes Park - $24,000 <br />• Reside Birch Park building - $15,000 <br />• Capital outlay police and fire, respectively - $24,802 and $29,750 <br />