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<br /> <br /> M E M O R A N D U M <br /> <br /> <br />DATE: September 13, 2022 <br /> <br />TO: Mayor Stille, City Council Members, City Manager Yunker <br /> <br />FROM: Shelly Rueckert, Finance Director <br /> <br />ITEM: 2023 Preliminary Levy / General Fund Budget <br /> <br /> At the August 23rd City council meeting, the city staff presented the proposed 2023 general fund <br />operating budget and the 2023 overall levy. <br /> <br />Staff’s has affirmed the proposed 2023 overall levy is $8,687,425, which represents an increase <br />of $444,333 or a 5.39% increase compared to the 2022 overall levy. <br /> <br /> <br /> <br /> <br /> <br />The standard parameters used for preparing the General Fund Budget and Levy include: <br /> <br />• City revenues budgeted at current run rates for sources that are subject to trends and <br />conservative baseline estimates for re-occurring aids and charges for services. <br />• Expenses budgeted at amounts that will maintain present level of City services. <br />• Liquor transfers to the General Fund are based on liquor operating results. <br /> <br /> <br /> <br />The General Fund Budget and Levy details: <br /> <br />Each year the General Fund revenue and expenditure budget line items are examined for <br />changes in expected collections/charges, labor adjustments, changes in contract rates, <br />insurance rates, utility costs, usage of various materials or needs, etc. The findings of this <br />examination produce the drivers associated with the proposed 5.39% increase in the Overall <br />Levy - see below: <br /> <br />General Fund Expenditures: <br /> <br />• Personnel costs – 70.85% of expenditures, overall budgeted costs increased by $599,248 <br />or 10.69%