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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% <br />