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DRAFT Comprehensive Fire Service Study MEDINA, MINNESOTA
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<br />Matrix Consulting Group Page 68
<br />City of Medina Financial Forecast
<br /> 2021 2022 2023 2024 2025
<br />Administrative Salaries $90,000 $92,700 $95,481 $98,345 $101,296
<br />Volunteer Stipends $50,000 $51,500 $53,045 $54,636 $56,275
<br />FICA $6,885 $7,092 $7,304 $7,523 $7,749
<br />Health Insurance $12,000 $12,360 $12,731 $13,113 $13,506
<br />Workers Compensation $18,377 $18,890 $19,457 $20,041 $20,642
<br />Retirement $21,000 $21,630 $22,279 $22,947 $23,636
<br />Personnel Expenditures $198,262 $204,172 $210,297 $216,606 $223,104
<br />Office Supplies $1,000 $1,030 $1,061 $1,093 $1,126
<br />Medical Supplies $2,200 $2,266 $2,334 $2,404 $2,476
<br />Small Tools/Parts $10,000 $10,300 $10,609 $10,927 $11,255
<br />Turnout Equipment $15,000 $15,450 $15,914 $16,391 $16,883
<br />Uniforms $7,000 $7,210 $7,426 $7,649 $7,879
<br />Fire Prevention Supplies $900 $927 $955 $983 $1,013
<br />Fuel $9,000 $9,270 $9,548 $9,835 $10,130
<br />Total Supplies $45,100 $46,453 $47,847 $49,282 $50,760
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<br />Professional Services $7,000 $7,210 $7,426 $7,649 $7,879
<br />Physicals $8,000 $8,240 $8,487 $8,742 $9,004
<br />Computer Software Support $1,500 $1,545 $1,591 $1,639 $1,688
<br />Phones $4,500 $4,635 $4,774 $4,917 $5,065
<br />Electric $15,000 $15,450 $15,914 $16,391 $16,883
<br />Radio Communications $25,000 $25,750 $26,523 $27,318 $28,138
<br />General Liability Insurance $16,000 $16,480 $16,974 $17,484 $18,008
<br />Training - Travel/Fees/Supplies $23,000 $23,690 $24,401 $25,133 $25,887
<br />Total Services $100,000 $103,000 $106,090 $109,273 $112,551
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<br />Vehicle Maintenance $18,000 $18,540 $19,096 $19,669 $20,259
<br />Building Maintenance $18,000 $18,540 $19,096 $19,669 $20,259
<br />Office Equipment Maintenance $2,500 $2,575 $2,652 $2,732 $2,814
<br />Total Maintenance $38,500 $39,655 $40,845 $42,070 $43,332
<br />Long Lake Fire Department $35,568 $36,635 $37,734 $0 $0
<br />Loretto Fire Department $108,105 $0 $0 $0 $0
<br />Maple Plain Fire Department $0 $0 $0 $0 $0
<br />Total Operating Expenditures $525,535 $429,915 $442,812 $417,230 $429,747
<br />Apparatus Remaining Principal $104,594 $104,594 $104,594 $104,594 $104,594
<br />Fire Station $0 $167,000 $167,000 $167,000 $167,000
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<br />Total Expenditures $630,129 $701,509 $714,406 $688,824 $701,341
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<br />Hamel Fire Department has principal remaining on three apparatus that total $522,969
<br />as of May 2020. The previous table illustrates these balances as being payable in equal
<br />annual installments of $104,594 over a five-year period.
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