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8/17/2023 <br />8 <br />2024 BUDGET - COST DRIVERS <br />•Personnel costs: 70.0% of expenditures, overall costs up $353,945 or <br />5.71% <br />The Police department is anticipated four new officers to be trained in 2024. The cost of <br />training four new officers in 2024 is expected to be $101,149. This is a $56,900 increase <br />over the 2023 training amount budgeted. <br />The levy capacity exists to support an Assistant Fire Chief (additional daytime fire <br />fighter) in 2024. This levy capacity is the result of 2021/2022 budget plans to hire two <br />full-time fighters in 2023 by securing a SAFER grant to fund the positions. <br />The 2022 and 2023 budgets had phased in proportion of these position costs in order to <br />avoid a future spike to the Levy. <br />The Levy capacity available is $117,194 and the cost of the AFC position is $132,651. <br />Therefore, a net impact of $15,194 to the 2024 budget <br />2024 BUDGET - COST DRIVERS <br />•Personnel costs: 70.0% of expenditures, overall costs up $353,945 or <br />5.71% <br />Health Insurance premium increase of 4.2 % is shared 50/50 by the City and the <br />employees. The 2024 impact of the share Increase is $9,546. The health insurance cost <br />for new public safety positions is budgeted at $19,363. Yields a total increase in health <br />insurance cost of $28,909.