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and other things of this type. No one desires to cut the items noted above but there are not <br /> too many other choices left to consider. <br /> After we get the budget balanced for 2003 there is one additional item that is unknown at this <br /> time,which could impact 2003 activity. The item is a potential local government aid cut in <br /> 2003 that could be made by the 2003 State Legislature. It is impossible to know what will <br /> happen but we should consider contingency plans in case there is a revenue reduction later in <br /> 2003. If this revenue reduction takes place, we will need to consider use of city reserves, or <br /> hope that revenues exceed projections, or somehow limit expenditures. <br /> The pay resolution for the upcoming year is a budget item that the City Council annually <br /> considers near the end of the budget discussions.Attached for your information is the pay <br /> resolution that was put together by the finance director. All of the components within the pay <br /> resolution are consistent with past City Council action and the listed items closely follow the <br /> pay resolution from last year. We still have to discuss how to address the comparable worth <br /> challenge we have with the building inspectors being paid above their pay range. The pay plan <br /> reflects a three percent increase and the city contribution to employee benefits is proposed to <br /> increase ten dollars per month per employee. The finance director will be in attendance at this <br /> meeting to review the pay plan and to present information regarding health insurance <br /> expenses for 2003. <br /> Staff is looking for Council direction on October 28, 2002, in order to balance the 2003 <br /> budget. The truth in taxation is scheduled for December 2, 2002, at 6:00 p.m. and staff needs <br /> some time to put the budget material together for this presentation. <br /> Attachments <br /> 8/26/02 Budget Memo <br /> Personnel Services Summary Page <br /> Capital Outlay Summary Page for 2003 &2002 <br /> Revenues (Before 8/26/02 Adjustments) <br /> Expenditure Summary Page (Before 8/26/02 Adjustments) <br /> September 9, 2002 Tax Levy Resolution <br /> 2003 Pay Resolution <br /> sAcuun it\patAbudgetA 1028budgetmemo.doc <br />