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SUMMARY OF 2000 BUDGET <br />WORK SESSIONS <br />T'he following is a summary of Year 2000 budget information reflecting the Council discussion and <br />direction at the August 5 and August 18 budget work sessions: <br />General Fund Expenditures <br />The proposed General Fund expenditures are $4,053,480. This is an increase of$203,480 or 5.28% <br />over the 1999 budget. The main items causing the expenditure increase are as follows: <br />A. Annual compensation adjustments (pay and benefits) 76,470 <br />B. Market-based pay adjustments to bring the City's pay levels 30,000 <br />in line with those of comparable cities <br />C. The costs of hiring a police chief by October l, 2000 to 20,000 <br />provide a three-month overlap period prior to Chief <br />Cheswick's retirement <br />D. New expenditures related to the hiring af an additional 52,000 <br />police officer <br />E. Increased funding for fire equipment replacement 10,000 <br />F.Increased operating costs related to upgrading to the LOGIS 14,500 <br />police records system <br />General Fund Revenues <br />The General Fund revenues by major category are as follows: <br />Revenue Category Revenue of Total General <br />Amount Fund Revenues <br />Tax levy 1,858,410.00 45.8% <br />Licenses & permits 264,000.00 6.5% <br />Intergovernmental revenue 563,780.00 13.9% <br />Charges for services 1,108,390.00 27.4% <br />Fines & forfeitures 84,000.00 2.1% <br />Miscellaneous revenue 129,900.00 3.2% <br />Fund balance* 45,000.00 1.1%