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12/8/2022 <br />7 <br />2023 BUDGET - COST DRIVERS <br />•Contracted services: 10.3% of expenditures, overall costs up $15,913 <br />Construction inspections costs mirror the increasing permit activity <br />producing a increase in expense of $40,006. 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 $9,226 <br />Contracted Information Technology costs up $30,110 <br />Miscellaneous service contracts are estimated to decrease by $63,423 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 – 4.3% of expenditures, overall costs up by $25,077 <br />Workman's Compensation experience rating improved 8% providing a cost <br />savings of approximately $27,200 <br />This was offset an increase in police coverage rates creating an additional cost <br />of $58,900. Police rates are increasing due to the rising number of PTSD claims <br />Combined these factors account for the $32,672 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 />34