2021 Budget Book - Laserfiche WebLink

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Management Summary In preparing the 2021 Budget, Staff continued its mission to maintain a high level of City services with the use of financially conservative budgeting. The 2021 Budget resulted in a $256,137 increase over last year’s levy amount, equating to a 3.37% levy increase. General and HRA Funds Each year the General Fund revenue and expenditure budget line items are examined for changes in expected collections/charges, labor adjustments, changes in contract rates, insurance rates, utility costs, usage of various materials or needs, etc. The findings of this examination produce the drivers associated with the proposed 4.02% increase in the General Fund Levy equaling a $183,637 increase‐ see below:  Personnel costs – 70.6% of General Fund expenditures, overall costs up $167,990 or 3.2%.  The Unions wage increases at the 2021 contracts amounts.  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 $47,794.  Assessor, Attorney, Auditor, Engineer and Planner services reflect rate and activity increases, cost up $2,450.  Contracted Election services increased by $11,800.  Contracted Information Technology costs increased $21,030.  Other Insurance costs – 4.5% of expenditures, overall costs lower by $56,318.  Property, casualty and liability costs increased by $20,941 or 14.86%.  Worker’s compensation costs decreased by $35,377 or 23.72%  Pass through costs – 2.3% of expenditures, costs down $138,032, in turn certain revenues decreased.  January 2021 will be the last month that the City of New Brighton purchases gasoline. Therefore 2021 gasoline purchases are expected to decline by $79,813 (net impact on budget is approximately $3,000). 3