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OPERATING EXPENDITURE PROJECTIONS
<br />The next table summarizes the operational expenditure estimates and targets by major expenditure
<br />category for 2019 through 2024. These estimates and targets are incorporated into the 2020 Operating
<br />& Capital Budget and 2019-2024 Long -Term Financial Plan.
<br />Summary of Expenditure Actuals, Estimates, and Targets for Major Expenditure Categories
<br />2019 -2024
<br />2019 2020 2021 2022 2023 2024
<br />Percent of Change
<br />Expenditure Category Estimate Budget Projection Projection Projection Projection 2019 2020 2024 2022 2023 2024
<br />Regional Consumer Price Index 2 50% 2 00% 2.00% 2 25% 2 50% 2.75%
<br />Salaries & Wages:
<br />Regular Wages
<br />Variable & Seasonal Wages
<br />Overtime
<br />Employee Benefits:
<br />Employee Insurance
<br />FICA Expense
<br />Retirement Contribution
<br />Workers Compensation
<br />All Employee Compensation
<br />14.409.310 14.771,520 15.214.700 15,671.180 16.141,290 16,625.540 157% 2.5% 3.0% 3.0% 3.0% 30%
<br />2.200,850 2,304,620 2,371,270 2,439,900 2,510,590 2,583,430 36.9% 4.7% 2.9% 2.9% 2.9% 2.9%
<br />483,340 478,970 488,520 498,220 508,140 518,240 -3.0% -0.9% 2.0% 2.0% 2.0% 2.016
<br />2,274,550 2,19.5,420 2.305,140 2,420,450 2.541,510 2,668,540 25.4% -3.5% 5.016 5 016 5 016 5 0%
<br />1,240,320 1,246,790 1.382,820 1,423,730 1,465,860 1,509,240 14.716 0.516 10.916 3.0% 3016 3.0%
<br />827,800 857,790 861,260 886,830 913,120 940,200 14.0% 3.6% 0.4% 3.0% 3.0% 3.0%
<br />187,550 200.380 200,380 200,380 200.380 200,380 4.116 6.8% 0-016 0 016 0 0% 0 016
<br />21,640,830 22,060,950 22.829,550 23,546,150 24,286,350 25,051,030 17.816 1.916 3.516 3.1% 3.1% 3.1%
<br />Supplies:
<br />Chemicals 482,150 488,110 497,890 507,860 518,020 528,390 56.3% 1.2% 2.0% 2.0% 2016 2016
<br />Vehicle Maintenance Supplies 222,770 252,650 257,720 262,880 268,110 273,470 -5.3% 13.4% 2.0% 2.0% 2.0% 2.0%
<br />Street Supplies 189,500 214,500 218,790 223,160 227,620 232,160 0.1% 13.2% 2.0% 2.0% 2.0% 2.0%
<br />Uniforms & Clothing 116,900 137,120 139,830 142.620 145,450 148,320 9.6% 17.3% 2.0% 2.0% 2.0% 2 0°%
<br />Library Book & Media 83,800 87,000 88.740 90,520 92,340 94,190 5.0% 3.8% 2.0% 2.0% 2.0% 2.0%
<br />All Supplies 2,126,910 2,205,980 2.237,730 2,282.220 2,336,050 2.382,460 24.216 3.7% 1 416 2.0% 2416 2016
<br />Purchased/Contracted Services:
<br />Professional Sen'!ces 3.088,930 3,406,110 3.305,740 3,383,120 3,453,430 3.586,730 16.2% 10.3% -2.916 2.3% 2.1% 3.9%
<br />Uti1des 2,020,460 2,188,010 2.275,490 2,366,470 2,461,080 2,559,490 5.3% 8.316 4.0% 4.0% 4.0% 4.0%
<br />Solid Waste hauling 1,446,440 1,291,320 1.317,150 1,343,490 1,370,360 1.397,770 -1.3% -10.7% 2.0% 2.0% 2.0% 2 0%
<br />Parts, Repairs, & Maintenance 1,409,0t0 1,410,610 1,682,670 1,406.170 1,354,630 1.453,550 -7.6% 0.1% 19.3% -16.4% -3.7% 7.3%
<br />Legal Services 479,000 502,500 512,550 522.800 533,260 543,930 34.9% 4.9% 2.0% 2.0% 2.0% 2 0%
<br />insurance Premiums & Deductibles 537,540 507,560 548,160 592.020 639,390 690,540 41.7% -5.6% 8.0% 8.0% 8.0% 8.0%
<br />Boulder Dispatch Services 316,370 321,360 327,790 334.350 341,040 347,860 4.8% 1.6% 2.0% 2.0% 2.0% 2 0°%
<br />Ali Purchased/Contracted Services 10,871,8t0 10,920,690 11.306.870 11.362.580 11.654.460 12.167.740 4.6% 0.4% 3.5% 0.5% 2.6% 4.4%
<br />Wage & Benefit Projections
<br />The 2020 wage and benefit projections were developed by staff using the Tyler-Munis projection tool.
<br />These projections are reflected in the 2020 Operating & Capital Budget and are the basis for projecting
<br />wages and benefits in the Long -Term Financial Plan for 2021 through 2024.
<br />Some of the assumptions/elements included in the wage and benefit projections for 2020 include:
<br />• One new full-time Police Officer proposed for 2020
<br />• An additional 1.61 full-time equivalents (FTE's) for variable employees (non-benefitted, part-
<br />time) proposed for 2020
<br />• A 3% merit increase for all full time employees and all variable employees proposed for 2020
<br />• Minimum wage adjustments proposed for 2020 to avoid compression issues
<br />• Market adjustments per the salary survey process proposed for 2020
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