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City Council Regular Meeting Minutes <br />August 27, 2024 <br />Page 4 <br />1 of 16.86% for the 2024/2025 policy renewal, resulting in a savings of $58,230 in <br />2 workers’ compensation premiums for the policy year. The budget year is a combination <br />3 of half prior renewal rates and half current renewal year rates, resulting in a small overall <br />4 increase when combined with the prior year increase of 17.2%. <br />5 Liability, property and casualty premiums are projected to increase by $24,469 in 2025. <br />6 Main contributors to this are a 16.35% increase in municipal liability, 32.56% increase in <br />7 auto, and 19.5% increase in excess liability premiums, the new increase is 13.64%. <br />8 <br />9 Pass Through Costs – 3% of expenditures, costs up $59,254. <br />10 The substantial portion of the increase represents an estimated $72,000 increase in fire <br />11 relief payments made from state fire aid. This is offset by revenue of the same amount <br />12 and is an accounting requirement with no net levy impact. The transfer for rent from the <br />13 community center returned to the 2023 amount shows a reduction of $15,000. <br />14 <br />15 Remaining Budget Line Items – 11% of overall expenditures or $1,083,574 costs are up $51,732. <br />16 Energy costs make up $4,377 of this increase. <br />17 Anticipated inflationary factors have been applied to many of the supplies, printing and <br />18 repair and maintenance services pushing these costs up by $21,622. <br />19 Budgeted costs for communications, memberships and training, community inclusion and <br />20 sustainability initiatives and other miscellaneous items are up $25,733 compared to 2024. <br />21 Liquor transfer to the General Fund will be $275,000 same as 2024. <br />22 2025 State funded Local Government Aid reflects increases by only $921. <br />23 Police contracted services has increased by $68,688 a 7% increase. <br />24 Excess Tax Increment collections are projected to increase by $100,000 in 2025. <br />25 <br />26 Ms. Maloney reviewed the 2025 Proposed Levies and provided a Summary of 2025 Budget. The <br />27 Next Steps in the process with dates was provided. Detail of the General Fund Revenues and <br />28 General Fund Expenditures were also provided. <br />29 <br />30 Councilmember Jenson commented this increase is very consistent with previous years. He <br />31 commended the Staff on the work done on the budget. <br />32 <br />33 Councilmember Doolan asked about the capital tax levy and the annual needs. What part of that <br />34 range was used in preparation of budget. Ms. Maloney stated it will be on the lower side and <br />35 discussions are still happening. Mr. Yunker stated the capital fund differs from the general fund. <br />36 The general fund is for spending in one particular year. Councilmember Doolan stated she <br />37 appreciates Staff’s work on obtaining grants. <br />38 <br />39 Mayor Webster stated this is the third time this has come before Council. At the September 10 <br />40 Public Hearing Council will be setting the ceiling for the proposed levy. That levy can be <br />41 lowered afterwards but not raised. The City has high quality services. 86% of the tax base is <br />42 residential. She thanked Staff for their work. <br />43 <br />44 Mr. Yunker stated the preliminary levy will be set on September 10. This will be presented to the <br />45 public twice. The City is currently in discussions with the three unions. There may be changes <br />46 between now and the next meeting. Staff will work to keep the levy below 5%. <br />8