10.3. SR 07-05-2016 - Laserfiche WebLink

Home Browse Search

Pay and Benefits Pay and benefits general increases will follow Council direction and honor labor agreements. State Aid The estimated 2017 Local Government Aid (LGA) is approximately$271,000. We propose to continue budgeting the LGA in the Equipment Replacement Fund with the offsetting amount from Elk River Municipal Utilities (ERMU) (transfer-in) in the General Fund. The transfer from ERMU is allocated to the General Fund and Equipment Replacement Fund. If LGA is eliminated or reduced, as in the past,it will be easier to adjust our equipment needs and reprioritize the replacements versus immediate General Fund operational changes. Transfer In Transfers are made each year to the General Fund from the Waste Water,Liquor, Storm Water, 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 2016. Estimated General Fund Revenue Most revenue line items are stable and consistent with last year. We continue to monitor building activity and revenue and will make adjustments as we get updates on newly planned 2017 building activities. Tax Lew The city administrator will propose a balanced budget. At this point we should just have some general discussions about the tax levy expectations as other revenues are relatively consistent and programmed conservatively. Other Items ■ Fuel price per gallon will start at$2.50—we fully intend to use state contract pricing again. ■ The tax abatement levy will increase approximately$38,000 due to the addition of 3 tax abatement properties added for 2017. Financial Impact N/A Attachments ■ 2016 Budget Schedule