10.4 SR SR 07-07-2014 - Laserfiche WebLink

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percentage. This may and will likely change as more accurate estimates will be available later in the year before the final levy is adopted. The county is still waiting on state utility assessment values. For planning purposes we anticipate using the 5% NTC as the starting point as we move forward with the budget process. It appears the trend will continue moving upward over the next couple of budgets. Pay and Benefits Pay and benefits will follow other labor agreements with cost of living adjustments. State Aid We are expected to receive Local Government Aid (LGA). The preliminary amount for 2015 is $255,596. We propose to continue to budget the LGA in the Equipment Replacement Fund with the offsetting amount from ERMU (transfer-in) in the General Fund just like in 2014. As the Council may recall, the transfer from ERMU is allocated to the General Fund and Equipment Replacement Fund. If LGA is eliminated or reduced in the future it will be easier to adjust our equipment needs and reprioritize the replacements versus immediate operational changes in the General Fund. Transfers In Transfers are made each year to the General Fund from the Waste Water,Liquor, Garbage, EDA and HRA Funds to cover costs associated with providing services to those funds. We will review the transfers to ensure they cover services used. The exception is the Liquor Fund transfer,which is significantly higher to offset other operating expenditures. Levels of Service The preliminary budget will be drafted based on continuing the same level of service as in 2014 except for any additional requests presented during the budget review (ie., fireworks or personal requests) based on Council direction and feedback. Estimated General Fund Revenues There are a few additional revenue sources in 2015. The Tri-CAP agreement will increase revenues by $24,000. Spectrum's Payment In Lieu Of Fees (PILOF) for the recent building acquisition will add $14,600 for four years,the previous PILOF of$48,600 will end after 2015. Development-related revenues (building permits) will increase slightly based on projections. Other Items • Fuel price per gallon will start at$3.50—we intend to continue state contract pricing. • Council Contingency—We anticipate starting with$47,500, the same amount as 2014 and a 1% employee turnover rate. • With the approved 2012 reorganization, some actuals from prior years will not trend over all the years presented,but the 2014&2015 budget amounts will allow for comparisons. For example one of the items was moving the payroll clerk from the HR budget to finance budget. The finance budget will not have any history of part-time pay to compare against it will be in the HR budget. Multi-year budgeting Earlier this year, Council discussed creating a two-year budget. We should clarify if the Council would Eke to see the budget presented over two years (2015/2016). 2016 would only be a concept budget and need formal levy and budget approval each year. Recommended budget changes would also be presented for review (typically anything over $10,000).