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57 MEMORANDUM DATE: December 11, 2012 TO: Honorable Mayor and City Council Mark Casey, City Manager FROM: Shelly Rueckert, Finance Director ITEM: GENERAL FUND BUDGET/LEVY At the March 12t", April 16`", May 7`", and August 6°' work sessions, the City Council and Staff reviewed the 2013 General Operating and Capital Equipment Budgets. Additionally, public meetings were held April 24"" August 28"i and September 11 "' for public input on the budget process. Based on this process with the Council, Staff has presented 2013 levies totaling $5,426,789. This represents a $203,700 dollar or a 3.9% percent increase from 2012 levies. The parameters for preparing the underlying budgets included: 1) Revenues are budgeted using current trends for variable revenue sources and conservative estimates for stable revenue sources. Expenses are budgeted at amounts that will maintain present level of City services. 2) Salaries and Health Insurance adjustments are included as follows: a. Police and Non -Union wages 2% wage adjustments, negotiations with Fire and Public Works labor unions are in progress. b. Health Insurance adjustments were limited to providing HSA plan support, which held budget increase to $3,562 or 0.58% 3) Road levy increase includes debt service requirements for prior year's street projects. 4) Instituted a Capital Improvement levy to provide funds to assist with the replacement of City Equipment as necessary. The 2013 overall levy is comprised as follows: Amount Increase/(Decrease) General Operating Levy $3,123,343 $ 78,177 CIP Levy $ 50,000 $ 50,000 Road Improvement Levy $1,577,184 $ 76,429 Lease Revenue Bonds $ 379,197 ($ 30,576) HRA Levy $ 150,585 $ 40,085 Tax Abatement $ 146,480 ($ 2,915) PERA Levy $ - 0 - ($ 7,500) $5,426,789 $ 203,700 - 3.9%