CC PACKET 12102024 - Laserfiche WebLink

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GENERAL FUND BUDGET AND LEVY The standard parameters used for preparing the General Fund Budget and Levy include: • City revenues budgeted at current run rates for sources that are subject to trends and conservative baseline estimates for re-occurring aids and charges for services. • Expenses budgeted at amounts that will maintain present level of City services. • Liquor transfers to the General Fund based on liquor operating results from the previous 5-7 years and the long-term needs of the fund. THE GENERAL FUND BUDGET AND LEVY DETAILS Each year the General Fund revenue and expenditure budget line items are examined for changes in expected collections/charges, labor adjustments, changes in contract rates, insurance rates, utility costs, usage of various materials or needs, etc. The findings of this examination produce the drivers associated with the proposed 5.34% increase in the Overall Levy. The chart below demonstrates what the cost drivers for general fund dollars are and how they are allocated. It may be noted that when police and finance costs are netted with offsetting contract revenues their portions are reduced to 44% and 3% respectively. GENERAL FUND EXPENDITURES PERSONNEL COSTS – 73% of expenditures, overall budgeted costs increased by $813,856 comprised of 12.80% increase in Payroll & related expenses and 8.64% increase in health insurance costs. • The 2025 base wage increase is based on the city’s unions accepting a 3% cola along with appropriate market adjustments. High market demands had the impact of driving up requests and having a more significant impact on the levy than in previous years. The cost of all wage increases and associated tax and retirement benefits is $755,384. This amount also accounts for the following: Administration 10% Finance 4% Police 49% Fire 17% Public Works 10% Parks 4% All Other 6% GENERAL FUND EXPENDITURES BY DEPARTMENT Personnel Costs 73% Contracted Services 9% Other Insurance Costs 4% Pass Through Costs 3% Remaining Line Items 11% GENERAL FUND EXPENDITURES BY CATEGORY 38