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8/18/2022 <br />8 <br />2023 BUDGET - COST DRIVERS <br />•Contracted services: 10.3% of expenditures, overall costs up $18,622 <br />Construction inspections costs mirror the increasing permit activity <br />producing a increase in expense of $17,939. This increase has no impact on <br />the levy as the inspection fee is a percentage of permit revenue received <br />Assessor, Attorney, Auditor, Engineer and Planner services reflect <br />anticipated rate increases. The net result is cost impact of $23,746 <br />Contracted Information Technology costs up $30,110 <br />Miscellaneous service contracts are estimated to decrease by $53,173 due to <br />moving communications position in house and taking on the maintenance <br />duties for Salo park <br />2023 BUDGET - COST DRIVERS <br />Other Insurance costs – 4.4% of expenditures, overall costs up by $25,577 <br />Workman's Compensation experience rating improved 8% providing a cost <br />savings of approximately $27,700 <br />This was offset an increase in police coverage rates creating an additional cost <br />of $58,400. Police rates are increasing due to the rising number of PTSD claims <br />Combined these factors account for the $32,172 increase in worker’s compensation premiums. This equates to a 17.4% increase <br />Liability, Property and Casualty premiums are projected decline by $6,595 in 2023 <br />26