Workshop Item: 1 - Joe Huss, Finance Director
Title
2015 GENERAL FUND BUDGET UPDATE
Background
On September 4, Council adopted the preliminary General Fund Budget and Tax Levy for Certification to the County. The proposed budget totaled $26,393,065 and included $122,500 in unidentified balancing provisions. It was acknowledged that acceptable balancing provisions would take the form of additional, non-tax levy revenue; expenditure reductions; and/or a combination of those two sources.
Since the adoption of the preliminary budget, staff has implemented $134,180 in expenditure reductions to arrive at a balanced budget with budgeted revenue exceeding budgeted expenditures by $11,680. The expenditure reductions include:
· $39,670 - Finance: Delay hiring of staff accountant to July 1, 2015
· $93,030 - Safety Services
o $36,580 - Delay hiring of patrol officer to July 1, 2015
o $26,000 - Public Safety Data System (PSDS) contract reduction
o $9,920 - Community Services wages, OT, and contractual reductions
o $13,230 - Re-grading of Housing Supervisor position
o $7,300 - SBM reduction, in addition to previous $60,000 reduction for phased implementation of staffing/compensation plan
· $1,480 - Net miscellaneous adjustments
Staff is awaiting final valuation adjustments from Anoka County to determine if both the 2015 property tax levy and tax rate falls within Council directed parameters. It is expected that final numbers will be available for presentation and review at the November 13 Council Workshop.
Recommendation
Council review of current information and provide additional direction on the 2015 property tax levy and General Fund Budget.