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8/23/2024 <br />12 <br />2025 PROPOSED LEVIES <br />2024 Actual 2025 Proposed <br />$ Increase <br />($ Decrease) % Change <br />General Fund $5,479,630 $6,256,216 $317,878  <br />HRA Fund $209,414 $209,414 $0 <br />Debt Service Funds $1,926,734 $1,479,020 ($447,714) <br />Capital Improvement $368,200 $428,200 $60,000  <br />Building Improvement $98,000 $115,500 $17,500  <br />Infrastructure Improvement $635,447 $1,083,161 $447,714  <br />Park Improvement $15,000 $30,000 $15,000  <br />Total  Change $410,378 4.46% <br />SUMMARY OF 2025 BUDGET <br />•General Fund operating budget totals $10,080,666 supported by a property tax levy of  <br />$6,256,216 <br />•Personnel costs represent 71% of General Fund expenditures: <br />•Personnel costs up $504,897 or 8.55% <br />•Wages and benefits for $271,131 COLA and market adjustments <br />•The full year impact of 2024 new positions implemented mid‐year is $221,688 <br />•Health insurance costs up $72,925  <br />•Other Insurance expenditures up $17,575  <br />•Contracted services down $28,982 <br />•Capital Funds levies increased by $92,500 <br />•Increase in all levies totals $410,378 or 4.46%  <br />36