6.4. SR 06-11-2012 - Laserfiche WebLink

Home Browse Search

Estimated General Fund Revenues There are several revenue sources that are starting to indicate a trend upward such as development fees. The allocation of the transfer from the electric utility is annually reviewed with the amount going to the equipment replacement fund. Staff is currently updating the 10-year forecast of equipment replacement needs. Other Items Fuel price per gallon will start at $3.25 - we fully intend to use state contract pricing again. Council Contingency - We anticipate starting with $50,000, the same amount as 2012. With the reorganization we will do a cross-walk to move the related budget expenditures to the appropriate places. For comparison purposes throughout the budget process with prior years this will be done at the end of the budget process. Council on Local Results and Innovation (State Auditor Included in your packet is a memo from the Office of the State Auditor on Local Results and Innovation. This is a voluntary program for counties and cities to adopt a standard set of 10 performance measures that will measure residents' opinions of various services. We adopted a resolution in 2011 and accomplished the 10 adopted measurers by completing our city survey and posting the results on our website. If the Council is interested again, we can adopt a resolution. We will discuss this in more detail at the meeting. Use of Fund Balance Use of the fund balance is again an option to balance the budget in 2013. We anticipate working on the preliminary budget without using fund balance, but as the process moves forward we can determine its best use in the budget. FINANCIAL IMPACT N/A ATTACHMENTS • OSA Memo on Local Results and Innovation Action Motion by Second by Vote Follow Up C:\Users\jjohnson\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.0utlook\SFWAYSNS\Budget Staff Report 0G1112.docx