2.0. SR 09-08-1993 - Laserfiche WebLink

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Budget Work Session Memo September 2, 1993 Page 5 e 1994 BUDGET GAP The City currently has a budget gap of $145,800. Closing the budget gap includes the following potential activities: - Delay some expenditures - Finance some expenditures now - Use more reserves in the 1994 budget - Raise taxes - Obtain an increase in various contributions - Limit wage increases - Special assess seal coating - Reduce equipment certificates - Cut expenditures - Raise revenues As previously noted, some tax increase is projected even with the $145,800 budget gap. It will be very difficult for the City to do everything it desires and not raise taxes to a certain degree. e It is reasonable to expect that the City can increase its revenues 1% and decrease its expenditures another 1% and reduce the budget gap to the $75,000 range. The 1% revenue increase of about $35,000 would include minor increases in the following categories: - Police Relief - Gravel tax - Administrative project fees - Plan check fees - Police contribution (from NSP and Landfill) - Building permits - Liquor store transfers - Street reserve transfers The 1% in budget cuts, for about $35,000, would include the following: - $2,500 - Senior Citizen computer financed by other sources - $8,500 - 1981 Fire Department Equipment Van improvements reduced - $10,000 - Reduced reserve allocation for the 1998 Fire Department Pumper - $4,800 - Purchase the air photos now for the Building and Zoning and Planning Departments - $10,000 - Charge out more of Steve R. and Gary S. time to the landfill for environmental work and recycling work e The above cuts still allow $10,000 in the Fire Department budget for repairs to the 1981 Fire Department equipment van and also $20,000 in the Fire Department budget for an