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CITY OF ST. ANTHONY VILLAGE
<br />2023 BUDGET
<br />OVERALL LEVY
<br />*2023 OVERALL PRELIMINARY LEVY
<br />2022 $ Change 2023 % Change
<br />General Fund 5,080,297$ 361,574 5,441,871$ 7.12%
<br />HRA Fund 209,414 - 209,414 0.00%
<br />CIP Fund 308,200 30,000 338,200 9.73%
<br />Debt Service Funds 2,487,181 2,487,181 0.00%
<br />Infrastructure Fund 65,000 5,000 70,000 7.69%
<br />Building Improvement Fund 88,000 5,000 93,000 5.68%
<br />Park Improvement Fund 5,000 5,000 10,000 NA
<br />Total (union contracts at 3% increase ) 8,243,092$ 406,574$ 8,649,666$ 4.93%
<br />Option to include reserve for employee retention 27,209$ 8,676,875$ 5.26%
<br />Fire Union - Paramedic MOU 10,550$ 8,687,425$ 5.39%
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<br />*Factors included in Preliminary Levy estimate:
<br />2) Health Insurance premiums increased 10.85 %, high claims impacted scheduled rate increase - estimated cost $31,751
<br />4) Professional Services and Contracted IT services costs up $52,857 substantially due to anticipated rate increases due to inflation.
<br />5) Fuel and Utilities estimated costs up $44,979 - 2022 cost per gallon $2.94, 2023 est. cost per gallon $3.82
<br />6) Miscellaneous Contracted services reduced by $53,173 substantially due to bringing communication staff in house and assuming the maintenance duties for Salo Park
<br />7) Reflects an $42,521 increase in Local Government Aid
<br />8) Increase of 2023 charges for police services adds revenue of $58,027.
<br />9) Includes $12,757 in additional permit revenues due to inflated construction costs.
<br />10) Liquor transfer to General Fund increases by $25,000 for 2023, transfer amount $275,000
<br />11) Estimated Excess TIF revenue to increase by $51,780, County is reviewing their calculations.
<br />12) HRA Levy remains at same level as 2022.
<br />13) Debt service levy at a zero levy increase.
<br />14) CIP, Building, Infrastructure, Park improvement annual levy increases are consistent with Long Term Capital plans.
<br />Please note that for the every $82,430 in General Fund incremental spending, equals a 1% overall levy increase.
<br />Year Levy % increase COLA
<br />2022 4.80%3.00%
<br />2021*3.37%2.00%
<br />2020 4.08%3.25%
<br />2019 6.74%3.25%
<br />2018 6.19%3.00%
<br />* Did not Levy annual $30,000 increase in capital levies due to COVID uncertainties
<br />Past five year levy increases
<br />General
<br />Fund Cost
<br />Drivers
<br />Capital and
<br />Debt Levy
<br />Impacts
<br />1) 3 % Wage adjustment, plus step adjustments, public safety longevity adjustments, public works lead worker adjustments in-house communications position, part-time accounting clerk
<br />converted to full-time - cost impact $340,027.
<br />3) Workman's Compensation, Liability, Property and Casualty premiums projected to increase by $25,577, substantially due to statewide police PTSD claims impacting police workers
<br />compensation rates.
<br />General
<br />Fund
<br />Revenue
<br />Impacts
<br />5
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