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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 our 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 requites
<br />$137,250 to balance. We have historically maintaivaed 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
<br />Expenditures
<br />Net Effect
<br />Sewer
<br />$2,196,400
<br />33,368,700
<br />$ (1,172,300)*
<br />Garbage
<br />$1,363,400
<br />$1,381,850
<br />$ (18,450)
<br />Liquor
<br />$6,527,000
<br />$6,261,500
<br />$ 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 />N. \Public Bodies\City Council\lainance\ TimI 2012\budgetstaffreportOI105.docx
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