CC PACKET 09082015 - Laserfiche WebLink

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quality and water quantity. This will affect more than just the residents of Mirror Lake. This has 1 been an outstanding project. 2 3 Motion by Mayor Faust, seconded by Councilmember Stille, to adopt Resolution 15-051 a 4 Resolution Authorizing Execution of a Cooperative Agreement between the City of St. Anthony 5 and the Rice Creek Watershed District for the Construction, Operation and Maintenance of the 6 Mirror Pond Project Component of the Petitioned Basic Water Management Project 2013-01. 7 8 Motion carried unanimously. 9 10 B. 2016 Budget Presentation 11 12 Finance Director Shelly Rueckert reviewed at the July 31, 2015 work session, the City Council 13 and Staff reviewed the proposed 2016 General Fund Operating Budget and the 2016 Overall 14 levy. Additionally a public hearing was held April 28, for public input on the budget process. 15 16 Based on discussions with the Council, Staff is proposing a 2016 General Fund Operating 17 Budget totaling $6,936,342. The 2016 proposed Overall Levy increase is $219,075 or a 3.76% 18 increase from 2015. 19 20 The components of the 2016 proposed Overall Levy are as follows: 21 22 Amount Increase/Decrease General Fund $3,385,370 $64,160 CIP $80,990 $30,990 Road Improvement Debt $1,828,848 $37,123 Lease Revenue Bonds $387,322 $4,450 HRA Levy $140,170 $7,388 Tax Abatement $155,112 $1,964 Building Improvement $73,000 $73,000 $6,050,812 $219,075 23 The parameters for preparing the General Fund Operating budget and Levy includes: 24 • City revenues budgeted using current run rates for sources that are subject to trends and 25 conservative baseline estimates for re-occurring aids and charges for services. 26 • Liquor transfer reduced to match current operating results. 27 • Expenses budgeted at amounts that will maintain present level of City services. 28 29 Each year the General Fund revenue and expenditure budget line items are examined for changes 30 in expected collections/charges, labor adjustments, changes in contract rates, insurance rates, 31 utility costs, usage of various materials or needs, etc. The findings of this examination produce 32 the drivers associated with the proposed 1.93% increase in the General Fund Levy – see below: 33 • Personnel costs – 73% of expenditures, overall costs up 2.92% 34 o Union contract increases 2.5% 35 o Health Insurance premiums up 11.5% 36 o Union Longevity, Steps, shared HR, Workman’s compensation rates 37 • Contracted services – 9% of expenditures, overall costs up 3.05% 38 3