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TO: City Council Members
<br />IFWM: Tom R,:thn, Finance Director
<br />DATR: Sept 13, 1904
<br />SUBJECT: Prop, .,'•.1at - 1905
<br />The proposed 1985 budgets for the Genera' . Special Revenue Funds
<br />(Park and improvement and Equipment Outlay ebt Service Fund (State
<br />Aid Road Bonds), Special Assessment Debt Funds (water and Sewer
<br />Bonds), and the Enterprise Funds (Liquor, Water, Sever and Golf) are
<br />herewith presented.
<br />The computer system automatically breaks down each payroll between the
<br />various types of pay (regular salaries, regular overtime, vacation,
<br />holiday, sick, etc) . At the end of each accounting period it is easy to
<br />see how much of the payroll is charged to each type of pay. 11nwever,
<br />for budgeting it is difficult to determine what amount should be
<br />allocated to each pay type for the coming year. We have therefore
<br />combined the vacation, holiday, sick teave, and other miscellaneous
<br />type of pay into the regular salaries and do not show amounts in these
<br />separate line items. Overtime of regular employees, salaries of
<br />temporary help, and severance pay are budgeted separately where
<br />applicable. All other line items are shown separately within each
<br />department or fund.
<br />The General Fund proposed budget for 1985 is $1,922,943 compared to the
<br />1994 budget of $1,825,473. This is an increase of $96,579 or 5.31 over
<br />-5-
<br />1944. Funding for the 1985 General Fund proposed budget is provided
<br />through property taxes, licenses and permits, assessments,
<br />intergovernmental revenues, charges for services, fines and
<br />forfeitures, miscellaneous revenues, and transfers from 'he other
<br />city funds. The 1985 tax levy request will provide $1,021,044 or
<br />52.11 of the revenue. In 1984 and 1983 the tax levy provided 57.61 and
<br />54.71 respectively of the re• _.iue needs. The tax levy amount include -
<br />the state paid homestead credits. Speciat levy requests for 1985 have
<br />been eliminated. Special levies ware last used in the 1991 h.17et
<br />yenr -hen $21,539 was levied. Revenue from the state, excluding
<br />homestead credit, will be $223,629 or 11.61 in 1985 compared to 11.It in
<br />1984 and 15.It in 1983. Revenue from services provided through the
<br />police service contract, building and planning service contract, and
<br />the septic inspection program will account for S393,215, or 29.51 of
<br />the 1985 revenues, compared to 19.6% in 1984 and 19.9% in 1983.
<br />Interest earned on investments, transfers from the liquor stnre
<br />operations and federal revenue sharing will provide 515�,850 in 1985,
<br />or 8.11 compared to 7.91 in 1984, and 6.61 io 1983. The remaining 7.71
<br />of the 1995 revenue dill be from licenses and permits, court fines,
<br />other fees for services, rent income and receipts in lieu of taxes.
<br />Wi•hin the General Fund the expenditure budget is broken down by
<br />department. Analysis of each department budget follows.
<br />CITYCOUMCIL-The total 1985 proposed budget is $1,020 less than 1984,
<br />a decrease of 2.3%. Printing expense is down $1,590; genera.
<br />liability insurance is down S1,610; and nemberships are up $1,290 with
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