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<br />City Council <br />Regular Meeting Summary <br />August 16,2003 <br />Page 2 of 2 <br /> <br />. Capital Projects <br />. Personnel Costs <br />The Council reviewed the draft budgets for the Capital Projects Fund, including items <br />incorporated into the five year capital plan as will as items requested by departments <br />but not included; the Conservation Trust Land Acquisition and Lottery Funds; and the <br />Cemetery Fund. It was noted that the draft budget maintains the split of sales tax <br />receipts between the Capital Projects Fund and the General Fund of 40%/60% <br />respectively. This split could be reduced to 33%/67%, which is not proposed or <br />anticipated at this time for the 2006 budget. The Council received information about <br />the employee salary/benefits costs for 2006, including changes in the health <br />insurance program for 2006. The health insurance plan will be maintained as it is, <br />with an increase cost of approximately 10%. The formula for employee contributions <br />to the premiums will be changed in 2006, and employee increases will not fully fund <br />the increased insurance costs. The budget adoption is scheduled for the November <br />1 regular City Council meeting, and additional budget study sessions will be held <br />during September and October. <br /> <br />4. City Manager Items - The City Manager went over the following items with the City <br />Council <br />. Advance Meeting Agenda <br />. Meeting Calendar <br /> <br />6. Adjourn - The meeting adjourned at 10:20 PM. <br /> <br />Submitted by Julie A. Boyd <br />September 16, 2005 <br />