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Preiimimry 2004 Budget Overview <br />August I, 2003 <br />Page 2 <br />Cafeteria benefit plan contribution increase. The proposed <br />expenditures reflect an increase in the City’s contribution <br />toward employee health insurance and other benefit options <br />in the cafeteria benefit plan from $500 per month to $560 <br />per month. This increase is due to a 13.8% increase in <br />health insurance premiums. The $60/month increase will <br />cover 5(P/o of the monthly premium increase <br />Fire Service Costs. These costs have increased due to the <br />start'Up costs of the Navarre Fire Station, and additional <br />operating costs for the Long Lake Fire Station. <br />Initial payment toward City share of costs of acquisition of <br />new police records system through LOGIS. <br />Police Part-time wages. The increase is to enable more <br />part-time hours to offset overtime hours. <br />Police Overtime pay. The increase is to reflect actual usage, <br />and to reflect changes in mandates that will require <br />additional overtime. <br />Elections. Elections expenditures fluctuate on a biannual <br />basis, reflecting the biannual election. 2004 is an election <br />year. <br />$36,654 <br />$45,880 <br />$15,000 <br />$ 7,590 <br />$10,000 <br />$11,200 <br />Expenditure Reductions <br />The proposed budget includes a substantial number of expenditure reductions in the range of <br />$500 to $2,000, as well as a number of more substantial expenditure reductions. The most <br />substantial expenditure reductions are listed below. <br />Contracted Street Overlays. Reduced from $97,000 to $35,000 <br />Training and Development. Reduced from $38,750 to <br />$28,873. <br />Transfer to Improvement and Equipment Outlay Fund (for the <br />replacement of capital equipment). Reduced from $ 105,000 to <br />$45,000. <br />Contingency. Reduced from $55,000 to $30,000. <br />($62,000) <br />($ 9,877) <br />($60,000) <br />($25,000) <br />General Fund Revenue Hlghliglits <br />The 2004 budget reflects the second year of a very restrictive levy limit along with substantial <br />reductions in a number of significant revenue sources. A listing of those revenue sources that have <br />been substantially reduced for 2004 is as follows: <br />n