07-23-2018 Council Work Session Packet

Home Browse Search

4) Minnetonka Beaches police cost are frozen for 2019. Spring Park's will increase by $10,500 (2.5%) which is equivalent to the negotiated wage increase in the officer's labor contract. The Mound service contract includes an inflator based on the CPI -U from July 1, 2017 to June 30 of 2018. At this time the increase will be around 2.8% which is equal to $51,480. The overall increase for the revenues totals $301,980. This is the amount that can be increased without increasing the tax rate. It is likely that the revenues for building related revenues will again be over budget. In the past, these additional revenues were not budgeted because they will eventually decrease to normal levels. However, the Council could decide to budget for the expected revenues and then increase the amount transferred to the Equipment Improvement Outlay Fund or the Pavement Management Fund. Expenditures: Tn creases 1. The COLA and step increases due to employees in 2019 total $250,000. This number may change based on the wage study that is currently being conducted. 2. The Building and Zoning Department are looking to add a Code Enforcement Official that is shared with the Police Department. Staff feels that this position is needed to enforce our existing codes to the Council's satisfaction. 3. The Building and Zoning Department has an additional $40,000 budgeted for re- writing the Zoning and Subdivision Code. Decreases 1. 2018 was an election year. The 2019 budget will see a decrease in election expenditures $18,400. This is a one year decrease and 2020 will wee an increase. Underfunded 1) As the Council is aware, long term funding for roads needs to be secured. 2) Long -Term Funding of the CIP has not been identified. Issues for discussion: Tax Levy Staff is requesting guidance on the amount that the Council is comfortable with for a tax levy increase.