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CITY OF ST. ANTHONY VILLAGE
<br />2021 BUDGET
<br />OVERALL LEVY
<br />*2021 OVERALL PRELIMINARY LEVY
<br />2020 $ Change 2021 % Change
<br />General Fund 4,571,013$ 183,637 4,754,650$ 4.02%
<br />HRA Fund 185,064 12,500 197,564 6.75%
<br />CIP Fund 283,200 - 283,200 0.00%
<br />Debt Service Funds 2,487,181 - 2,487,181 0.00%
<br />Infrastructure Fund - 60,000 60,000 na
<br />Building Improvement Fund 83,000 - 83,000 0.00%
<br />Total (2021 wage @ 2%)7,609,458$ 256,137$ 7,865,595$ 3.37%
<br />2021 wage @ 0%(84,000)$ 7,781,595$ 2.26%
<br />2021 wage @ 1%(42,000)$ 7,823,595$ 2.81%
<br />2021 wage @ 3%42,000$ 7,907,595$ 3.92%
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<br />*Factors included in Preliminary Levy estimate:
<br />1) Wage adjustments @ 2% plus step adjustments estimated cost $101,337
<br />2) Health Insurance premium increased 9.32% per contract terms, plus plan election changes estimated cost $60,838
<br />3) Workman's Compensation experience rating increased in 2020-2021, when combined with a 9% rate increase resulted in cost increase of $21,044.
<br />4) Liability insurance experience rating increased in 2020-2021 along with a 6% premium rate increase. Property and Casualty
<br /> premium rates were also raised, estimated combined cost $20,942.
<br />5) Contracted IT services, tele-communications charges and miscellaneous contacted services are up 8.8% estimated cost $37,211.
<br />6) Reflects the State's increased funding for 2021 Local Government Aid, revenue gain of $8,103.
<br />7) Includes preliminary increase of 2021 charges for police services, adds revenue of $33,867.
<br />8) Interest earnings expected to decrease in 2021, estimated revenue loss $10,500.
<br />9) Liquor transfer to General Fund remains at $250,000 for 2021.
<br />10) HRA Levy increased to match redevelopment activity, levied to @ 98% of capacity, cost $12,500.
<br />11) Debt service levy at a zero levy increase.
<br />12) CIP and Building Improvement annual levy increases are not enacted for the 2021 levy.
<br />13) Infrastructure levy of $60,000 represents existing Engineering and Sealcoating costs moved from General Fund levy, zero impact to overall levy.
<br />Please note that for the every $76,094 in General Fund incremental spending, equals a 1% overall levy increase.
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