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CITY OF ST. ANTHONY VILLAGE
<br />2024 BUDGET
<br />OVERALL LEVY
<br />*2024 OVERALL PRELIMINARY LEVY
<br />2023 $ Change 2024 % Change
<br />General Fund 5,479,630$ 404,148$ 5,883,778$ 7.38%
<br />HRA Fund 209,414 - 209,414 0.00%
<br />CIP Fund 338,200 30,000 368,200 8.87%
<br />Debt Service Funds 2,487,181 (350,447) 2,136,734 -14.09%
<br />Infrastructure Fund 70,000 355,447 425,447 507.78%
<br />Building Improvement Fund 93,000 5,000 98,000 5.38%
<br />Park Improvement Fund 10,000 5,000 15,000 50.00%
<br />Total 8,687,425$ 449,148$ 9,136,573$ 5.17%
<br />Police options
<br /> Market wage adjustments /retention purposes 91,643$ 9,228,216$ 6.22%
<br /> Establish Police Cadet program 50,243$ 9,278,459$ 6.80%
<br /> VCET Officer 142,311$ 9,420,770$ 8.44%
<br /> Restore Lieutenant position @7/1/24 75,436$ 9,496,206$ 9.31%
<br /> LD billing offset (71,949)$ 9,424,257$ 8.48%
<br /> 50% use of $401,490 public safety aid (200,745)$ 9,223,512$ 6.17%
<br />Overall COLA 4% other than PD 18,036$ 9,241,548$ 6.38%
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<br />*Factors included in Preliminary Levy estimate:
<br />2) Health Insurance premiums increased 4.2 % - estimated cost with current elections $9,626
<br />4) Professional Services, Contracted IT services costs and other contracted services are up $78,989 due to activity levels and anticipated rate increases due to inflation.
<br />5) Remaining budget items netted to an increase of $30,552
<br />6) Reflects an $64,472 increase in Local Government Aid.
<br />7) Base increase of 2024 charges for police services adds revenue of $51,618.
<br />8) Includes $27,000 decrease in excess TIF collections.
<br />9) Liquor transfer to General Fund remains at $275,000.
<br />10) HRA Levy remains at same level as 2023.
<br />11) Debt service levy at a zero levy increase.
<br />12) CIP, Building, Infrastructure, Park improvement annual levy increases are consistent with Long Term Capital plans.
<br />Please note that for the every $86,874 in General Fund incremental spending, equals a 1% overall levy increase.
<br />Year Levy % increase COLA
<br />2024 5.17% 3.50% Base Levy before options
<br />2023 5.39% 3.00%
<br />2022 4.80% 3.00%
<br />2021 3.37% 2.00%
<br />2020 4.08% 3.25%
<br />HRA, Capital
<br />and Debt
<br />Levy
<br />Impacts
<br />Past five year levy increases
<br />General
<br />Fund Cost
<br />Drivers
<br />1) Estimated Unions COLA settlements at 3.5% , plus step adjustments, cost impact $154,121
<br />3) Workman's Compensation, Liability, Property and Casualty premiums projected to increase by $88,431, substantially due to statewide police PTSD claims impacting police workers compensation rates. City experience rating impacted by a PD PTSD
<br />Claim approved. Lastly, liability insurance cost per officer increasing.
<br />General
<br />Fund
<br />Revenue
<br />Impacts
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