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<br />Management Summary <br /> <br /> <br />In preparing the 2023 Budget, Staff continued its mission to maintain a high level of City services with <br />the use of financially conservative budgeting. The 2023 Budget resulted in a $444,333 increase over <br />last year’s levy amount, equating to a 5.39% levy increase. <br /> <br />General and HRA Funds <br /> <br />Each year the General Fund revenue and expenditure budget line items are examined for changes in <br />expected collections/charges, labor adjustments, changes in contract rates, insurance rates, utility <br />costs, usage of various materials or needs, etc. The findings of this examination produce the drivers <br />associated with the proposed 7.86% increase in the General Fund Levy equaling a $399,333 increase- <br />see below: <br /> <br /> Personnel costs – 70.9% of General Fund expenditures, overall costs up $615,423 or 10.98%. <br /> The Unions wage increases at the 2023 contracts amounts at a cost of $177,719 or <br />3.5%. <br /> Wages and benefits of $226,630 as a placeholder for two additional fulltime fire <br />fighters. A Safer Grant has been submitted that will substantially support these <br />additional costs. The net levy impact to phase in support for these potential <br />positions is estimated at $54,591 for 2023. <br /> Includes an allowance of $27,209 for employee retention in 2023. <br /> Added 3.5-month training period wages of $44,250 as a placeholder for two new <br />Police Officers, anticipating retirements in 2023. Budgeting training costs vs using <br />overtime for training is a more economical outcome. <br /> The contracted communications position was included in contracted services in <br />2023 budget. Now the position is part-time and is included here at cost of $37,211. <br />Therefore, costs shifted budget categories. Actual net impact to the levy has been <br />reduction by approximately $5,000. <br /> Part-time Finance position became Full-time in 2022 due to need and succession <br />planning, wage impact approximately $28,500. <br /> Health Insurance premium increase of 10.85 % is shared 50/50 by the City and the <br />employees, expected cost is $66,699. <br /> <br /> Contracted services – 10.3% of expenditures, overall increase $15,914. <br /> Contracted Information Technology costs decreased $30,110. <br /> Construction permits inspections budgeted at an increasing baseline activity has <br />results in greater expense of $40,006. This increase has no impact on the levy as the <br />inspection fee is a percentage of permit revenue received. <br />3