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CC PACKET 08252015
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CC PACKET 08252015
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Last modified
11/30/2015 9:22:26 AM
Creation date
9/9/2015 8:40:17 AM
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City Council
Meeting Date
8/25/2015
Meeting Type
Regular
Document Type
Council Agenda/Packets
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2016 Budget- Cost Drivers <br />Property and liability insurance costs: 4% of <br />expenditures, rates up 5.22% <br />Pass through costs: 5% of expenditures, costs up <br />4.39% <br />Represents costs incurred and reimbursed by others, for <br />example New Brighton fuel purchases <br />Remaining budget line items combined: 9% of <br />expenditures, net costs up 0.34% <br />Includes costs for: street sealcoating and striping, <br />repairs and maintenance, supplies, utilities, fuels, <br />training, printing, deductibles, etc. <br /> <br /> <br /> <br />2016 Proposed Levies <br />2015 Actual 2016 <br />Proposed <br />$ Increase/ <br />Decrease % <br />General Fund $3,321,210 $3,385,370 $64,160 1.93% <br />C.I.P. $50,000 $80,990 $30,990 61.98% <br />Road Improvement <br />Debt $1,791,725 $1,828,848 $37,123 2.07% <br />Lease Revenue Bonds $382,872 $387,322 $4,450 1.16% <br />HRA Levy $132,782 $140,170 $7,388 5.56% <br />Tax Abatement $153,148 $155,112 $1,964 1.28% <br />Building Improvement $0 $73,000 $73,000 N/A <br />Total $5,831,737 $6,050,812 $219,075 <br />Total Percent Change 3.76% <br />3434
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