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The city uses its property tax revenue fox several purposes: the majority, 89 percent, is used to fund
<br />General Fund expenditures such as police, fire, street maintenance, general government, parks and
<br />recreation programs. The remaining 11 percent pays for debt service, tax abatement, library, and storm
<br />water management expenditures.
<br />General Fund Budget
<br />The 2012 General Fund budget is proposed to increase slightly to $12,678,050. The majority of the
<br />$178,000 increase relates to cost of living adjustment, fuel prices, and increased Council Contingency.
<br />Council Contingenry is broken out as follows ($50,000 -operations and $191,550 -position
<br />reallocation). The $191,550 includes the engineering tech salary being reallocated out of the engineering
<br />budget to Council Contingency.
<br />Public safety expenditures (police, fire, emergency management, building safety, environmental) account
<br />for 45 percent of the General Fund budget. General government, public works, and culture and
<br />recreation make up the majority of the balance. Personal service expenditures are the largest type of
<br />expenditure due to the fact that the city's core objective is to provide service to its residents. Personal
<br />service expenditures are 71 percent of the operating budget. The budget does include a 2 percent cost of
<br />living pay adjustment fox all employees in 2012.
<br />On November 21 the Council discussed lowering the tax levy to the $10,275,815. Staff was directed to
<br />work with departments to offset the $28,000 that would have been saved by splitting the cost of living
<br />pay adjustment with half on January 1 and July 1. Staff has worked with the city departments on ideas
<br />and has implemented the $28,000 based on department recommendations and suggestions.
<br />Summary of all 2012 Budgets
<br />All of the proposed budgets are listed below. The Council has reviewed all of these budgets.
<br />Below is a summary of the proposed budgets to be approved:
<br />General Fund
<br />Special Revenue Funds:
<br />Library
<br />Ice Arena
<br />Pinewood Golf Course
<br />Landfill
<br />Storm Sewer
<br />Safety
<br />Enterprise Funds:
<br />$12,678,050
<br />$ 97,000
<br />$ 644,450 (deleted 2012 bond payment)
<br />$ 236,500
<br />$ 128,200
<br />$ 160,350
<br />$ 25,000
<br />Revenues Expenditures Net Effect
<br />Sewer ~ $2,004,400 $3,468,550 $(1,464,150)*
<br />Garbage $1,376,600 $1,348,500 $ 28,100
<br />Liquor $6,280,250 $6,685,450 $ (405,200)**
<br />*Includes depreciation ($993,600) capital projects ($1,041,500) and debt service ($201,050)
<br />**Includes calling in the remaining bonds on 07/01 /2012 ($730,000 principal)
<br />N:\Public Bodies\Ciry Council\Finance\Tim\2011\2012budget12052011.docx
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