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per month in 2003. Single health insurance contributions increase from 212.00 per month in <br />2001 to $258.64 per month in 2003. This is about a 23% increase over two years. <br /> <br />Applying these factors to the General Fund budget yields the following results. Salaries, wages, <br />and fringes that are a percentage of salaries & wages will increase by 3% or $72,224. City <br />contributions to health insurance will increase 23% or $48,784. <br /> <br />The non-salary, wage, and fringe benefit portion of the General Fund Budget is $1,936,047. If it <br />increases by 2.5%, that will cost $48,401. Other items mentioned in tonight’s reports include <br />absorption of the YMCA management fee costing $37,500 and increasing the General Fund <br />transfer to the Vehicle and Equipment Fund from $25,000 (not $30,000 in Item 1A) to perhaps <br />$50,000 per year. <br /> <br />Pulling this all together in a quick and dirty estimate of the 2003 budget produces the following: <br /> <br /> <br />Revenue increase (assume 1% property tax incr.) $151,298 <br /> <br />Savings from 3 Police Officer positions -$200,000 <br />Salary, wage, & fringe benefit increase $72,224 <br />Health insurance contribution increase $48,784 <br />Supplies & contractual cost increase $48,401 <br />YMCA management fee reallocation $37,500 <br />Vehicle & Equipment Fund transfer $25,000 <br /> <br />Total General Fund Expenditure increase $39,909 <br /> <br />Excess of Revenue increase over Expenditure increase $119,389 <br /> <br />While this initial projection seems quite positive, it must be remembered that the State budget <br />deficit will almost certainly cost the City of Mounds View something in 2003 and that work on the <br />Long Range Financial Plan will identify projects requiring additional resources. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Charles Hansen