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I I I Page 4 Council Meeting Minutes - December 11,2001 Council Business Section A - 2002 Budget and Tax Levy. The proposed 2002 Budget totals $14,936,100 compared to $13,960,700 for 2001, a 7.0% increase. Significant or noteworthy items include: increase of $402,000 in annual debt service for construction of public safety building; 3% inflationary increases for personnel and operating costs; increase of $53,275 for capital installments (replacement of vehicles and equipment); and $12,814 for a State mandated increase for PER A. The actions of our State legislature had a profound impact on the tax levy, and the most significant change results in a loss of $970,000 in State aid. The tax levy for 2002 is proposed to be $5,160,845 compared to $3,416,056 for 2001, an increase of 48%. The proposed levy is almost $210,000 below the levy limit, and $68,530 below our preliminary levy. Property taxes are 36% ofthe General Fund's revenues. Section B: 2002 Fee Register. Customer charges provide 36% of the revenues to support the 2002 general fund budget. Examples of customer charges include building permits, rentals at the Family Service Center, greens fees, liquor licenses, and recreation registrations. A total of $2,800,000 in revenues from customer charges and licenses and permits is budgeted for 2002. The City's finance strategy provides that customer charges should be used where a special benefit is received. The rate for these charges is based on a combination of factors including market, costs, and volume. Overall, these factors will result in total revenues from customer charges increasing $133,000 for 2002. Additionally, the Fee Register anticipates the addition of new charges. The new charges include, rentals for use of the new Neighborhood Centers and some FSC rental areas. Section c: 2002 pay plan and other benefits for non-union personnel. The 2002 personnel budget does not include any major changes to personnel costs or benefits, and the Pay Plan reflects a 3 percent cost of living adjustment in non-union wages. In 2002, the City's contribution to the cafeteria plan will increase by $50 for both single and family health coverage resulting in a contribution of $305 for single coverage and $500 for family health coverage. Council Business 2002 Budget & Tax Levy 2002 Fee Register 2002 Pay Plan Report 01-265 Resolution 01-096 Resolution 01-097 Resolution 01-098