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1986 BUDGETS - POLICY GUIDELINES <br />r Page 2 <br />I <br />Present prices paid for various motor fuels are: regular <br />gasoline $1.02, unleaded gasoline $1.05, LP $O.77. Staff <br />recommends these motor fuels he budgeted at the following <br />rates for 1985: regular gasoline $1.10, unleaded gasoline <br />$1.15, LP $0.85. <br />Increases in the cost of health insurance premiums have <br />averaged between six and ten percent over the last few years. <br />Staff feels that an increase of 6% for 1986 would maintain the <br />present ratio of employer/employee contributions for health <br />insurance. Therefore, staff recommends that health insurance <br />he budgeted at $167.50 per month. This is an increase of $10 <br />over last years rate of $157.50. <br />A contingency is necessary for unforeseen circumstances and <br />emergencies. Unforeseen circumstances might include: energy <br />price increases greater than anticipated, costs associated <br />with employee turnover, implementation at comparable worth <br />legislation, increase in insurance costs, to name a few. <br />Emergencies could possible include: failure and subsequent <br />repair of heating and air conditioning systems, breakdown of <br />vehicles and/or other items of equipment, record snowfall, or <br />many other items. For these reasons staff recommends an <br />operating contingency of approximately $50,000 be budgeted for <br />1986. <br />Attached is a proposed budget calendar for your <br />consideration. This calendar satisfies the Charter <br />requirement that a budget be submitted to Council no later <br />than the first Council meeting in September. Our <br />recommendation for purposes of preparation of the 1986 Budget <br />Council by motion should adopt budget guidelines and by <br />resolution adopt a 1986 budget calendar. <br />DH/ds <br />Enclosure <br />