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MEMORANDUM <br /> DATE: September 8, 2004 <br /> TO: Mayor and City Council Members <br /> FROM: Mike Momson, City Manager <br /> Roger Larson, Finance Director <br /> ITEM: PROPOSED 2005 BUDGET <br /> Attached is the 2005 proposed General Fund budget. The budget reflects a dollar <br /> increase of$192,600. The numbers reflect a 2% increase in wages, and an additional <br /> $30.00 per month employer health insurance contribution. <br /> A breakdown of the increases is as follows: <br /> Personnel Costs $ 80,400.00 <br /> Line Item Adjustments $ 38,200.00 (Inflationary Adjustments) <br /> Parks/Lighting Costs $ 20,000.00 <br /> Community Services $ 54,000.00 <br /> $192,600.00 <br /> New to the budget this year: <br /> 1) The Parks budget was increased$20,000.00 to reflect the costs of lighting <br /> Central Park. In checking with other Communities that have similar size <br /> parks, their annual lighting costs were approximately $20,000 - $25,000. <br /> 2) Community Services transfer totaling $54,000.00. This line item reflects <br /> Council support of funding the School District's lost "Grandfather Levy" for <br /> parks and recreation. Council agreed to fund 1/2 the cost in 2004 ($27,000.00) <br /> and $54,000.00 in 2005 & 2006. <br /> Without the addition of-those two expenditures the proposed budget would reflect an <br /> increase of$118,600. <br /> In addition, all Departments have submitted their capital equipment requests (total <br /> expenditures are $193,800). Funding comes from various sources including the police <br /> contracts, a water/sewer transfer, water filtration interest earnings and fund balance <br /> reserves. <br />