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SUMMARY OF 2000 BUDGET <br />WORK SESSIONS <br />The 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) <br />B Market-based pay adjustments to bring the City’s pay levels <br />in line with those of comparable cities <br />$76,470 <br />$30,000 <br />C.The costs of hiring a police chief by October 1, 2000 to <br />provide a three-month overlap period prior to Chief <br />Cheswick's retirement <br />$20,000 <br />D. New expenditures related to the hiring of an additional <br />police officer <br />$52,000 <br />E. Increased funding for Are equipment replacement <br />F. Increased operating costs related to upgrading to the LOGIS <br />police records system <br />$10,000 <br />$14,500 <br />General Fund Revenues <br />The General i -nd revenues by major category are as follows: <br />Revenue Category <br />Tax levy <br />Licenses & permits <br />Intergovernmental revenue <br />Charges for services <br />Fines & forfeitures <br />Miscellaneous revenue <br />Fund balance* <br />Revenue <br />Amount <br />$1,858,410.00 <br />$264,000.00 <br />$563,780.00 <br />$1,108,390.00 <br />$84,000.00 <br />$129,900.00 <br />$45,000.00 <br />% of Total General <br />Fund Revenues <br />45.8% <br />6.5% <br />13.9% <br />27.4% <br />2.1% <br />3.2% <br />1.1% <br />1