|
Summary of Expenditure Targets
<br /> 2012 2013 Percent of Increase or Decrease Over Prior Year
<br /> Revenue Category Actual Estimate 2013 2014 2015 2016 2017 2018
<br /> Salaries&Wages:
<br /> Regular Wages 9,414,586 9,952,490 5.7% 3.3% 3.5% 3.5% 3.8% 3.8%
<br /> Temporary Wages 889,535 973,970 9.5% 3.3% 3.5% 3.5% 3.8% 3.8%
<br /> Overtime 223,454 184,530 -17.4% 3.3% 3.5% 3.5% 3.8% 3.8%
<br /> Employee Benefits:
<br /> FICA Expense 779,450 849,990 9.1% 3.4% 3.5% 3.5% 3.7% 3.7%
<br /> Retirement Contribution 502,062 559,230 11.4% 4.6% 3.4% 3.4% 3.7% 3.7%
<br /> Employee Health Insurance 1,328,485 1,598.960 20.4% 10.0% 10.0% 8.0% 8.0% 8.0%
<br /> Workers Compensation 100.819 124,880 23.9% 2.0% 2.0% 2.0% 2.0% 2.0%
<br /> Supplies:
<br /> Chemicals 299,151 296,900 -0.8% 3.0% 3.0% 3.5% 3.5% 4.0%
<br /> Street Supplies 106,376 110,500 3.9% 3.0% 3.0% 3.5% 3.5% 4.0%
<br /> Vehicle Maintenance Supplies 275,882 261,890 3.9% 3.0% 3.0% 3.5% 3.5% 4.0%
<br /> Uniforms&Clothing 75,209 78,470 4.3% 2.5% 2.5% 2.5% 2.5% 2.5%
<br /> Library Books 72,577 73,360 1.1% 0.0% 0.0% 1.0% 1.0% 2.0%
<br /> Other Operating Supplies 417,625 423,350 1.4% 3.0% 3.0% 3.5% 3.5% 4.0%
<br /> Purchased Services:
<br /> Professional Services 1,478,469 1,639,530 10.9% 3.0% 3.0% 3.0% 3.0% 3.0%
<br /> Legal Services 220,848 216,580 -1.9% 0.0% 1.0% 2.0% 3.0% 3.0%
<br /> Utilities 1,045,645 1,157,500 10.7% 4.0% 4.0% 4.0% 4.0% 4.0%
<br /> Communications 109.348 114.570 4.8% 3.0% 3.0% 3.0% 3.0% 3.0%
<br /> Repairs&Maintenance 614,888 727.970 18.4% 3.0% 3.0% 3.5% 3.5% 4.0%
<br /> Boulder Dispatch Service 285,310 256,510 -10.1% 3.0% 3.0% 3.0% 3.0% 3.0%
<br /> Insurance Premiums 336,440 370,380 10.1% 5.0% 5.0% 5.5% 5.5% 6.0%
<br /> Solid Waste Hauling 1,093,194 1,197,000 9.5% 3.5% 3.5% 3.8% 3.8% 4.0%
<br /> Other Purchased Services 1,025,086 1.272,530 24.1% 3.0% 3.0% 3.5% 3.5% 4.0%
<br /> Please note that these assumptions and targets are simply a "place to start" the 2014
<br /> budget process and will be revised numerous times over the next five months as we get
<br /> updated information on the local economy and building projects.
<br /> Fund Forecasts
<br /> Using the initial assumptions and targets shown above, coupled with the recommended
<br /> C-I-P, we have developed preliminary five-year financial plans for all the funds
<br /> containing capital projects. The remainder of this transmittal letter summarizes the
<br /> projected revenue, expenditures, and fund balances for each of these funds. These
<br /> fund projections will be continuously updated as we proceed through the 2014 budget
<br /> process.
<br /> General Fund and Capital Projects Fund
<br /> The Capital Projects Fund was created to account for the additional one-percent (1%)
<br /> sales tax approved by voters and effective July 1, 1989. Using this portion of the sales
<br /> tax, the Capital Projects Fund has typically financed various capital improvements
<br /> including street resurfacing and reconstruction, sidewalks, park improvements, traffic
<br /> improvements and similar items. The Capital Projects Fund also accounts for that
<br /> portion of the salaries and benefits of staff that can appropriately be allocated to capital
<br /> projects and for debt service on the 2003 Sales Tax Revenue Refunding Bonds.
<br /> IV
<br /> 6
<br />
|