City Council Agenda and Packet 2012 10 09 SP

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General Fund Expenditure Uses (excluding interfund transfers) Culture & Recreation 30% Public Works 14% 30% General Government 26% Public Safety Long -Term General Fund Forecast As in past years, in 2013 we will continue the policy of maintaining a General Fund reserve of at least 15% of current year expenditures. In fact, at the end of 2013, we expect to maintain a General Fund reserve of $3.6 million or about 25% of 2013 expenditures (excluding transfers and net of turnback). At the end of 2017, General Fund reserves are projected at $3.0 million, or about 19% of expenditures (excluding transfers and net of turnback). We think this level of reserves in the General Fund is adequate and prudent. The proposed General Fund 2013 budget reflects the following significant factors or new elements: • $100,000 annually through 2017 to fund additional Information Technology resources, which may include— depending on what actions we choose to implement as a result of the IT Strategic Plan review that is currently underway —an additional staff position, new professional services contracts, new IT applications, or some combination of all three. • $160,000 in one -time costs for small area plan and related work on the McCaslin and South Boulder Road corridors. This amount is comprised of $100,000 for contracted professional services and $60,000 of wages and benefits for continuation of the temporary Planner 1 position for an additional year. • Utility cost increases totaling $50,000. • $50,000 for contracted sales tax audits (we anticipate that this cost will be fully offset by increased sales tax revenue identified by the audit) • $25,000 for costs associated with negotiating a new franchise agreement with Comcast • $6,000 for additional ice slicer material needed to maintain the enhanced snow removal policy we initiated during last winter. 10