CC PACKET 12082020 - Laserfiche WebLink

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• Health Insurance premium increase of 9.32% is shared 50/50 by City and the Union and Non-union employees Consistent with the Union contracts. • Union Longevity and Step increases. • Contracted services – 11% of expenditures, overall increase of $47,794. • Construction permits inspections at baseline activity and increased construction costs results in slight expense increase of $1,772. • Assessor, Attorney, Auditor, Engineer and Planner services reflect rate and activity increases. In 2021 engineering for small scale improvement projects will supported by the Infrastructure levy. The net result of these factors is cost impact of $2,450. • Contracted Information Technology costs up $21,030. • Contracted Elections services estimated to increase by $11,800 • Miscellaneous service contracts are estimated to increase by $9,596. • Other Insurance costs – 4.5% of expenditures, overall costs up by $56,318. • Property, casualty and liability costs increased by $20,941 or 14.86%. • Worker’s compensation costs increased $35,377 or 23.72%. • Both Worker’s Compensation and Property and Liability coverages have experienced rate increases in the prior and current renewal periods beyond budget estimates. • Pass through costs – 2.3% of expenditures, costs down $138,032. • The Saint Anthony Fire Relief Association elected to transition the management of its pension fund to the state plan managed by PERA. Therefore the State Aid for the Fire Relief Association will not be a budgeted pass through cost in 2021, reduced costs by $52,083. • The City of New Brighton has expanded their Public works facility to accommodate refueling City vehicles on-site. January 2021 will be the last month gas purchases will include New Brighton’s use. Therefore 2021 gasoline purchases are expected to decline by $79,813 (net impact on budget is approximately $3,000). • Remaining budget line items – 11.6% of overall expenditures or $883,454, costs down $88,259 or 9.1%. Costs include repairs and maintenance, utilities, fuels, training, supplies, communications, etc. • This decrease is due to the $35,000 in annual street sealcoating expense will be an expenditure of the Infrastructure Fund beginning in 2021 • Additionally, lower fuel costs, less grant related expenditures and miscellaneous reductions in activities make up the balance of the decrease Revenues: • Liquor transfer to the General Fund remains at $250,000 for 2021. • 2021 State funded Local Government Aid has increased by $30,833. • Police contracted services has increased by $26,147. • Excess Tax Increment collections are projected to decrease by $63,886 in 2021. • General Fund investment earnings are expected to decline by $10,500 in 2021. 18