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3. Park CIP – This fund is for any future park projects that we are not able to fund out of the existing
<br />development-funded Park Dedication Fund. Park Dedication is a revenue that is received in lieu
<br />of developers setting aside land within a development for parks. We know that the current level of
<br />development is subsidizing our existing parks. This new levy starts to create a sustainable funding
<br />source for our current and new parks for the future. Community Development and Finance staff
<br />are working to incorporate park dedication funds into long-term financial planning to gain a better
<br />understanding of future levy needs.
<br />
<br />Levy Name Notes
<br />2024
<br />Budget
<br /> 2025
<br />Requested
<br />Infrastructure Reserve Levy New in 2025 0 500,000
<br />City Center CIP Levy New in 2025 0 50,000
<br />Park CIP Levy New in 2025 0 100,000
<br />Vehicle & Equipment Levy Change from a GF Transfer 167,328 400,000
<br />Street Maintenance Levy Change from a GF Transfer 600,000 600,000
<br /> TOTAL $ 767,328 $ 1,650,000
<br />
<br />Summary of Changes by Category
<br />
<br />It is sometimes helpful to see the categories of expenditures to more fully understand what our dollars are
<br />spent on. The first chart below shows an illustration of the categories of expenditures in the general fund,
<br />which deals largely with the operations and provision of city services. General Fund expenses largely fall
<br />under Personnel and Charge & Services. The Charges & Services category is roughly 75% contracted
<br />services and consultants.
<br /> The table below shows year-over-year changes to expense categories.
<br />
<br /> 2024 Budget 2025 Requested $ Change % Change
<br />Personnel 3,861,290 4,236,974 375,684 9.7%
<br />Materials & Supplies 328,093 240,294 (87,799) -26.8%
<br />Charges and Services 2,834,686 3,130,069 295,383 10.4%
<br />Miscellaneous 13,853 15,269 1,416 10.2%
<br />Contingency Reserve 35,000 32,737 (2,263) -6.5%
<br />TOTAL OPERATIONS 7,072,922 7,655,343 582,421 8.2%
<br />Capital Outlay (Expense) 101,500 75,000 (26,500) -26.1%
<br />Transfers* 967,328 19,000 701,672 72.5% Capital Levies* 1,650,000
<br />TOTAL CAPITAL 1,068,828 1,744,000 675,172 63.2%
<br />TOTAL 8,141,750 9,399,343 1,257,593 15.45%
<br />* Transfers and Capital Levies are not Expenses. They are funds that gets placed into a Capital Fund for
<br />expenditure on large purchases. We are showing them here because Transfers were previously shown in the
<br />General Fund Expense Budget, and we wanted to present a more accurate comparison year-to-year.
<br />
<br />Distribution of Expenses by Category
<br />Personnel
<br />Materials & Supplies
<br />Charges and Services
<br />Miscellaneous
<br />Contingency Reserve
<br />Capital Outlay (Expense)
<br />Transfers*
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