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CITY OF ST. ANTHONY VILLAGE
<br />2022 BUDGET
<br />OVERALL LEVY
<br />*2022 OVERALL PRELIMINARY LEVY
<br />2021 $ Change 2022 % Change
<br />General Fund 4,754,650$ 248,980 5,003,630$ 5.24%
<br />HRA Fund 197,564 11,850 209,414 6.00%
<br />CIP Fund 283,200 25,000 308,200 8.83%
<br />Debt Service Funds 2,487,181 - 2,487,181 0.00%
<br />Infrastructure Fund 60,000 5,000 65,000 8.33%
<br />Building Improvement Fund 83,000 5,000 88,000 6.02%
<br />Park Improvement Fund - 5,000 5,000 NA
<br />Total ( wage 2.5% wage adjustment ) 7,865,595$ 300,830$ 8,166,425$ 3.82%
<br />2022 wage @ 3.0%22,000$ 8,188,425$ 4.10%
<br />2022 wage @ 3.5%44,000$ 8,210,425$ 4.38%
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<br />*Factors included in Preliminary Levy estimate:
<br />1) 2.5 % Wage adjustment, plus step adjustments cost $130,250, additional wage scenario's noted above.
<br />2) Health Insurance premiums decreased 3.2 % per contract terms, plus plan election changes estimated savings $19,524
<br />3) Workman's Compensation experience rating improved by 8% in 2021-2022 renewal, offset by duty related rate increases, resulting in a cost increase of $19,701 or 10.68%.
<br />4) Liability, Property and Casualty premiums projected to increase by $27,491, the 2021-2022 renewal quote has not yet been received.
<br />5) Fuel and Utilities estimated costs up $19,031
<br />6) Includes a 2022 community survey at a estimated cost of $20,000
<br />7) Reflects the State's funding for 2022 Local Government Aid as same level as 2021.
<br />8) Increase of 2022 charges for police services at the 2.5% wage adjustment, adds revenue of $21,699.
<br />9) Interest earnings expected to decrease in 2022, estimated revenue loss $9,500.
<br />10) Includes $23,875 in additional net revenues due to elevated construction permits activity.
<br />11) Liquor transfer to General Fund remains at $250,000 for 2022.
<br />12) Excess TI revenue projected to decrease by $32,475, due to higher real estate market values.
<br />13) School District opted to eliminate the DARE program in Jan 2021, revenue loss of $14,500.
<br />14) Statewide appeal to extend PERA Aid failed, lost revenue $7,197
<br />15) HRA Levy increased to match redevelopment activity, levied to @ 98% of Est. capacity, cost $11,850.
<br />16) Debt service levy at a zero levy increase.
<br />17) CIP and Building Improvement annual levy increases are re-established for the 2022 levy.
<br />18) Infrastructure levy annual increase of $5,000 to support future improvement plan schedule.
<br />19) Added an initial Parks Improvement levy for $5,000, long term Park levy plan attached.
<br />Please note that for the every $78,656 in General Fund incremental spending, equals a 1% overall levy increase.
<br />General
<br />Fund Cost
<br />Drivers
<br />General
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<br />Revenue
<br />Impacts
<br />Capital and
<br />Debt Levy
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