04-A City Council Budget Workshop

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Budget Notes At the September 12 budget workshop staff was directed by Council to make changes to the proposed budget to accomplish the following goals: 1. Establish a maximum tax rate of $0.5600. 2. Charge the $305,000 in paym<::nts for year 2 of the existing General Fund lease payments (from the current year) to the fund balance. 3. Keep the $305,000 expense in the proposed budget to pay cash for the $624,681 in proposed capital items ($188,177 to cash purchase capital items and $436,504 originally scheduled to lease-purchase capital items) and charge the difference of $319,681 to fund balance. This will have the net result of keeping $305,000 in the General Fund for the cash purchase of capital items and use a total of $624,681 of the fund balance to make the payment of year two of the existing leases and cash purchase the remaining capital items. Proposed tax rate of $.5600 will consist of $0.46526 for M&O and $0.09474 for debt service. This rate is slightly lower than the effective rate and results in a reduction of a property owner's tax paid to the City (assuming their appraisal has not gone up). In order to attain the $0.5600 rate $439,355 in General Fund expenses had to be eliminated. Car allowances (except for those currently receiving them) were reduced to nine months to allow time in the first quarter to develop a policy on vehicle allowances (if the ultimate decision is not to provide vehicle allowances then the budgeted amounts will be available for unanticipated expenses or go to fund balance at the end of the year). The General Fund was reduced $439,355 by eliminating the following items: 01-0607-12-00 $ 4,000 (City mgr. relocation expenses charged to current year) 01-0302-13-00 $ 1,800 (9 mo. car allowances-Atty & Asst Atty) 01-0302-15-00 $ 450 (9 mo. car allowance) 01-0302-21-00 $ 1,050 (9 mo. car allowance) 01-0101-31-00 $122,226 (delete Felony Crimes officers salary & benefits) 01-0107-31-00 $30,000 (Overtime) 01-0305-31-00 $ 1,000 (Court costs & fees) 01-0603-31-00 $ 500 (Judgments or damages) 01-0209-32-00 $ 2,500 (Minor apparatus) 01-0305-32-00 $ 2,000 (Court costs & fees) 01-0603-32-00 $ 1,500 (Judgments or damages) 01-0302-40-00 $ 450 (9 mo. car allowance) 01-0328-40-00 $20,000 (demolition) 01-0302-41-00 $ 1,425 (9 mo. car allowance) 01-0203-43-00 $25,000 (Concession Stand food) 01-0609-43-00 $ 354 (Pre-employment physicals) 01-0502-46-00 $20,000 (maintenance of equipment) 01-0609-46-00 $ 500 (Pre-employment physicals) 01-0908-46-98 $150,000 (Streets) 01-0205-89-00 $ 4,000 (Gasoline) 01-0207 -89-00 $ 600 (Tires) Revised 9/14/07 Exhi bit II A"