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45 MEMORANDUM DATE: December 5, 2011 TO: City Council FROM: Mark Casey, City Manager Roger Larson, Finance Director ITEM: GENERAL FUND BUDGET/LEVY At the April 4th, May 2nd, May 31 st and August I st work sessions, the City Council and Staff reviewed the 2012 General Operating and Capital Equipment Budgets. Based on discussions with the Council, Staff has prepared a proposed 2012 General Operating Budget totaling $5,498,650. This represents a $20,650 dollar or a 0.38% percent increase from 2011. The parameters for preparing the budget included: 1) The budget was prepared using the 3 -Year Averaging Method. 2) Salaries & employer health insurance contribution: a. I% salary increase. b. $100 per month increase in family/employer health insurance contribution The 2012 General Operating Levy totals $3,045,166, which represents an increase of $99,655 dollars. A review of the proposed 2012 total levy is as follows: The proposed 2012 Capital Equipment Budget totals $409,200. These purchases have no impact on the tax levy. They are funded by a combination of liquor reserve funds, liquor operating profits, MSA revolving funds, water filtration interest earnings, and the trade/sale of existing equipment. The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for capital equipment. In 2012, Liquor Operations will transfer $305,800 to the General Fund and $94,200 to the Capital Equipment Fund. Amount Increase General Operating Levy $3,045,166 $ 99,655 Road Improvement Levy $1,500,755 $132,263 Lease Revenue I3onds $ 409,773 $ 3,097 HRA Levy $ 110,500 $ - 0 - Tax Abatement $ 149,395 $ 4,329 PERA Levy $ 7,500 $ - 0 - Total Levy $5,223,089 $239,344 — 4.80% The proposed 2012 Capital Equipment Budget totals $409,200. These purchases have no impact on the tax levy. They are funded by a combination of liquor reserve funds, liquor operating profits, MSA revolving funds, water filtration interest earnings, and the trade/sale of existing equipment. The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for capital equipment. In 2012, Liquor Operations will transfer $305,800 to the General Fund and $94,200 to the Capital Equipment Fund.