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<br />and other things of this type. No one desires to dut the items noted above but there are not <br />too many other choices left to consider. <br /> <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 /> <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 cllrector. All of the components within the pay <br />resolution are consistent with past City Council ~ction 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 /> <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 D~cember 2, 2002, at 6:00 p.m. and staff needs <br />some time to put the budget material together f~r this presentation. <br /> <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 Aciljustments) <br />September 9, 2002 Tax Levy Resolution <br />2003 Pay Resolution <br /> <br />s: \ council\pat \ budget \ 1028budgetmemo,doc <br />