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result in an estimated General Fund savings ranging from$30,000 to $60,000. Open enrollment will
<br /> occur in late November. We will make this adjustment by out December 3 public presentation.
<br /> Fund Balance (General Fund)
<br /> At the end of 2011,we have a total accumulated fund balance available of$493,358 based on the audited
<br /> financial statements and the adopted 2012 budget. Our fund balance policy requires a minimum fund
<br /> balance of 40% of the next year's budget to cash flow our expenses. The updated budget requires
<br /> $137,250 to balance. We have historically maintained a fund balance of 41.5%in case of unexpected
<br /> expenditures,tax court cases,unplanned revenue shortfalls or emergencies,and to maintain our minimum
<br /> balance.
<br /> Personnel Service
<br /> Attached is the spreadsheet with the position requests that are included and excluded from the proposed
<br /> 2013 budget.
<br /> As you recall,with the reorganization,Building Maintenance is now under the Finance Department.
<br /> Over the past few months,we have reviewed the staffing levels and assignments. The original Building
<br /> Maintenance Budget included a request for additional hours,upgrading a part-time custodian position to
<br /> full-time. The increase was not recommended in the proposed budget presented to the Council at the
<br /> July 9, 2012,meeting pending a review of staffing levels, assignments, and needs for the new maintenance
<br /> facility.
<br /> After further review,with the new maintenance facility adding about 14,000 sq. ft. to maintain, and the
<br /> shuffling of responsibilities among staff to improve efficiency and service,we request five more hours per
<br /> week for custodial services. This would increase the 2013 budget by$5,400. We would continue to
<br /> monitor and recommend any further changes in the 2014 budget.
<br /> Other Budgets
<br /> No changes to the other budgets from your previous review. They are summarized below:
<br /> Special Revenue Funds:
<br /> Library $ 96,500
<br /> Ice Arena $ 990,000
<br /> Pinewood $ 233,300
<br /> Landfill $ 131,950
<br /> Storm Sewer $ 254,700
<br /> Safety $ 35,000
<br /> Enterprise Funds:
<br /> Revenues Expenditures Net Effect
<br /> Sewer $2,196,400 $3,368,700 $ (1,172,300)*
<br /> Garbage $1,363,400 $1,381,850 $ (18,450)
<br /> Liquor $6,527,000 $6,261,500 $ 265,500**
<br /> *Includes depreciation ($993,600) capital projects ($611,500) debt service ($199,900),and a two percent rate
<br /> adjustment.
<br /> **Includes depreciation ($123,150) and capital projects ($15,000).
<br /> NAPublic Bodies\City Council\Finance\Tim\2012\budgetstnffreport01105.docx
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