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CITY OF ST. ANTHONY VILLAGE2022 BUDGETOVERALL LEVY*2022 OVERALL PRELIMINARY LEVY 2021$ Change 2022 % ChangeGeneral Fund 4,754,650$ 251,221 5,005,871$ 5.28%HRA Fund 197,564 11,850 209,414 6.00%CIP Fund 283,200 25,000 308,200 8.83%Debt Service Funds 2,487,181 ‐ 2,487,181 0.00%Infrastructure Fund 60,000 5,000 65,000 8.33%Building Improvement Fund 83,000 5,000 88,000 6.02%Park Improvement Fund‐ 5,000 5,000 NAJune 8 work session #Total (3.5% wage adjustment ) 7,865,595$ 303,071$ 8,168,666$ 3.85% 4.38%Placeholder to add FF Position 50% offset by Grant27,806$ 8,196,472$ 4.21%Union Settlements ‐ risk allowance 46,620$ 8,243,093$ 4.80% *Factors included in Preliminary Levy estimate:1) Wage adjustment, plus step adjustments cost $186,855, additional FF scenario's and Union settlements risk also noted .2) Health Insurance premiums decreased 3.2 % per contract terms, plus plan election changes estimated savings $29,8943) Workman's Compensation experience rating improved by 8% in 2021‐2022 renewal, offset by duty related rate increases, resulting in a cost increase of $19,667 or 10.66%.4) 2021‐2022 Liability, Property and Casualty premiums to decrease by $16,346 due to improved experience rating, absorbing the impact of rate increases.5) Fuel and Utilities estimated costs up $7,9036) Includes a 2022 community survey at a estimated cost of $20,000 7) Reflects the State's funding for 2022 Local Government Aid as same level as 2021.8) Increase of 2022 charges for police services adds revenue of $21,699.9) Interest earnings expected to decrease in 2022, estimated revenue loss $9,500. 10) Includes $23,875 in additional net revenues due to elevated construction permits activity. 11) Liquor transfer to General Fund remains at $250,000 for 2022.12) Excess TI revenue projected to decrease by $32,475, due to higher real estate market values.13) School District opted to eliminate the DARE program in Jan 2021, revenue loss of $14,500. 14) Statewide appeal to extend PERA Aid failed, lost revenue $7,19715) HRA Levy increased to match redevelopment activity, levied to @ 98% of Est. capacity, cost $11,850.16) Debt service levy at a zero levy increase. 17) CIP and Building Improvement annual levy increases are re‐established for the 2022 levy. 18) Infrastructure levy annual increase of $5,000 to support future improvement plan schedule.19) Added an initial Parks Improvement levy for $5,000. Please note that for the every $78,656 in General Fund incremental spending, equals a 1% overall levy increase.Year Levy % increase COLA 2021* 3.37% 2.00%2020 4.08% 3.25%2019 6.74% 3.25%2018 6.19% 3.00%2017 6.61% 3.00%* Did not Levy annual $30,000 increase in capital levies due to COVID uncertainties 2016 3.76% 2015 3.90%General Fund Cost Drivers General Fund Revenue Impacts Capital and Debt Levy impacts Past five year levy increases
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