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both plans. The City's average annual cost of health insurance (including dental and vision) <br /> will increase by approximately 11% over the same calculation used for the 2011 budget. <br /> However, about 3% of that increase comes from 2011 anticipated changes in employee <br /> distribution between the two plans and from more employees choosing family coverage <br /> instead of employee-only coverage. Factoring out those changes, the increase year-over- <br /> year of the average annual cost of health insurance per employee will be about 8%. <br /> Budget Highlights <br /> General Fund <br /> Staff estimates that by year-end 2011, total General Fund revenue, excluding interfund <br /> transfers, will increase by approximately $633,000 (3%) over 2010. This increase is mainly <br /> attributable to the new consumer use tax. Staff projects that total General Fund revenue, <br /> excluding interfund transfers, will remain relatively flat from 2011 to 2012, declining by about <br /> $70,000. The following pie chart illustrates the General Fund sources of funding. <br /> General Fund Revenue Sources(excluding interfund transfers) <br /> Interest&Other <br /> 4% Property Taxes <br /> Charges for Services _ 16% <br /> 12% <br /> Intergovernmental <br /> 8% <br /> Licenses&P <br /> 5% <br /> Other Taxes <br /> 11% <br /> Sales&Use Taxes <br /> 44% <br /> Staff projects that total General Fund expenditures for 2011, excluding interfund transfers, will <br /> increase by approximately $530,000, or 4.1%, compared with 2010 actual expenditures. <br /> General Fund expenditures in the 2012 budget, excluding interfund transfers and assuming a <br /> 3% "turnback", would increase by approximately $187,000, or 1.4%, when compared to 2011 <br /> estimates. The chart below reflects the broad categories of these expenditures. <br /> 4 <br />