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City Council Regular Meeting Minutes <br />September 10, 2024 <br />Page 4 <br />1 Liability, property and casualty premiums are projected to increase by $24,469 in 2025. <br />2 Main contributors to this are a 16.35% increase in municipal liability, 32.56% increase in <br />3 auto, and 19.5% increase in excess liability premiums, the net increase is 13.64%. <br />4 <br />5 Pass Through Costs – 3% of expenditures, costs up $59,254. <br />6 The substantial portion of the increase represents an estimated $72,000 increase in fire <br />7 relief payments made from state fire aid. This is offset by revenue of the same amount <br />8 and is an accounting requirement with no net levy impact. The transfer for rent from the <br />9 community center returned to the 2023 amount, a reduction of $15,000. <br />10 <br />11 Remaining Budget Line Items – 11% of overall expenditures or $1,083,574, costs are up <br />12 $51,732. <br />13 Energy costs make up $4,377 of this increase. <br />14 Anticipated inflationary factors have been applied to many of the supplies, printing and <br />15 repair and maintenance services pushing these costs up by $21,622. <br />16 Budgeted costs for communications, memberships and training, community inclusion and <br />17 sustainability initiatives and other miscellaneous items are up $25,733 compared to 2024. <br />18 <br />19 Other Factors for the 2024 Budget <br />20 Liquor transfer to the General Fund will be $275,000 same as 2024. <br />21 2025 State-funded Local Government Aid reflects increases by only $921. <br />22 Police contracted services are estimated to increase by $68,688 a 7% increase. <br />23 Excess Tax Increment collections are projected to increase by $100,000 in 2025. <br />24 <br />25 Ms. Maloney provided a summary of the 2025 Budget: <br />26 General Fund operating budget totals $10,217,026 supported by a property tax levy of <br />27 $6,396,944. <br />28 Personnel costs represent 71% of General Fund expenditures: <br />o29 Personnel costs up $676,727.18 or 11.46%. <br />o30 Wages and benefits for $442,961 COLA and market adjustments. <br />o31 The full-year impact of 2024 new positions implemented mid-year is $233,766. <br />o32 Health insurance costs up $72,925. <br />33 Other Insurance expenditures up $17,575. <br />34 Contracted services down $28,982. <br />35 Capital Funds levies increased by $92,500. <br />36 Increase in all levies totals $551,106 or 6.00%. <br />37 , <br />38 Since 1999 the City has been awarded $35,070,091 in Grants and donations from local <br />39 businesses/residents. <br />40 <br />41 The next steps in the budgeting process include: <br />42 At the October 8, 2024, Council work session, Staff will present the proposed 2025 <br />43 updates to the long-term capital budget plans. <br />44 At the October 22, 2024 Council work session, Staff will present the proposed 2025 <br />45 utility rate adjustments and budgets. <br />12