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2024.08.29 CC Packet-Midyear Budget Workshop
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2024.08.29 CC Packet-Midyear Budget Workshop
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9/16/2024 3:48:20 PM
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City Council
Document Type
Agenda/Packets
Meeting Date
8/29/2024
Meeting Type
Work Session
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CITY OF HUGO <br />2025 GENERAL FUND EXPENSE BUDGET <br />LINE ACCOUNT 2023 2024 2025 NOTES TO LINE ITEMS <br />NO. DESCRIPTION BUDGETED BUDGETED BUDGETED <br />636 Group Disability Insurance 16,075$ 17,125$ 19,845$ Short and long term coverage <br />637 - Mandated MN Paid Family & Medical Leave -$ -$ -$ Placeholder - Premiums to start in 2026 (est 1.2% of Gross Wages) <br />638 Truth in Taxation Costs 3,500$ 3,500$ 3,500$ Charged by Washington County (new requirements in 2023) <br />639 Assessment Collection Fees 1,000$ 1,200$ 1,400$ Charged by Washington County (1/3) <br />640 Miscellaneous Unallocated 36,590$ 42,940$ 48,020$ <br />641 Total Unallocated Expenses 217,155$ 243,122$ 249,410$ <br />642 General Fund Expenses (Subtotal) 8,685,899$ 9,695,992$ 10,096,152$ <br />643 Transfer to Reserves 200,000$ 200,000$ -$ Flat Tax Rate Stabilization <br />644 Transfers Out -$ -$ -$ Transfers Out <br />645 Other Financing Uses 200,000$ 200,000$ -$ <br />646 General Fund Expenses (Total) 8,885,899$ 9,895,992$ 10,096,152$ <br />Page 10
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