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yr- . <br />•Y <br />I <br />k <br />h' <br />f-'' ■ <br />b'' •I F <br />!■I', <br />I' <br />ri- <br />r ■■.■.'. <br />>? ;•■ <br />2 1/2 to 3%. <br />Given the lack of a property tax increase which nornnally wou <br />equal about $55,000» the increase in expenditures relate to a 3% <br />general salary increase is about $50,303 plus increases to <br />vendors, etc. will total another $40,000 will need to oe funded <br />by other sources including; <br />- use of fund balance to be later offset by increased <br />property taxes when levy limits are no longer <br />applicable (they are to cease in 1993). <br />- Increased charge for services $27,000. <br />- Use investment earning from ?IR fund to general <br />$20,000. <br />- Increase transfer from Building Fund. <br />- Increase in other fee rates including recycling/and <br />septic. <br />It is not expected that there will be any growth in the figure <br />used for licenses and permits nor fines and forfeiture use may <br />actually decrease. <br />Potential cost reductions could include the following - 1 year <br />interim measures; <br />- Forego all or part of the equipment transfer <br />$63,180 to equipment fund (not prudent to do on a <br />repeated basis.) As an alternative the >wity could <br />malre use of a special levy and issue equipment <br />certificates totalling the amount of equipment <br />'"ticipated to be pruchased. The property tax levy <br />•lid then be increased by the amount. In concert <br />City could reduce the 1 year equipment transfer <br />to that amount. <br />- Reduce the street/seal coating program on other <br />than MSA roads/which are reimbursed to a degree from <br />the MSA fund. <br />- If a storm water utility is established, loolc to <br />charge street sweeping as storm water quality issue. <br />with a new facility there will be additional operations cost for <br />larger facilities including; heat, light, custodial etc. and when <br />fully operational are estimated to be $75,000 as noted xn <br />Attachment A. During 1992 this will probably only be about <br />$40,000 of increased expenditure. This could be offset in part <br />by increase rental charges to sewer, water and police $40-50,000* <br />Long term solutions include amount bonded, taxed and transferred <br />as part of the City Hall financing together with any levys to pay