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2023 Budget <br />General Fund <br />2022 $18,913,600 <br />2023 $20,852,600 <br />Difference $1,938,950 10.3% <br />Possible changes to 2023 budget <br />$ 78,000 Change pay increase from 3% to 4% <br />$171,000 Choose 50% Compensation plan update <br />($200,000) 2023 expenses moved to be paid out of 2022 budget adjustments <br />($323,450) New positions not filled in 2023 <br />($250,000) Additional transfer from Liquor Store fund <br />($300,000) Transfer from Equipment Replacement fund <br />$824,450 Reduction in budget for 2023 <br />Reductions result in 6% increase in General Fund Expenditures <br />Levy Change <br />$2,589,686 Proposed 2023 Levy 18.7% Increase <br />($422,830) Public Works bond payment taken out of Government Reserve fund <br />($824,450) Reductions in proposed General Fund expenses <br />$1,342,060 Revised increase in tax levy for 2023-9.67% increase over 2022 <br />Use of ARPA funds <br />$575,000 Downpayment on Ladder truck for Fire departmen <br />$180,500 Purchases of four police vehicles <br />$265,000 Purchase of Dump truck for Street Department <br />*Use $6500 from Elk River Ministerial Association to help purchase sun shelters for Pickle ball <br />courts <br />Comments <br />These are extraordinary times that require thinking out of the box <br />18.7% levy increase is not acceptable <br />New hires will have to wait <br />ARPA funds are meant to be used. We should take advantage of the opportunity to offset <br />unprecedented increases in valuations of property <br />