1995 BUDGET - Laserfiche WebLink

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Other financing sources make up approximately 12.0 percent of the total 1995 Budget. Other financing sources consist of reserve which are excess revenues reserved in 1992 through 1994, as provided by the Tabor Amendment, for appropriation in future years. The remaining revenues consist of intergovernmental revenue, $873,365; miscellaneous revenue, $729,875; and licenses and permits, $482,585. Expenditure: The 1995 expenditures include the general operations of the City, such as police protection, library services, highways and streets, parks and recreation and general government. Combined, these general operations account for 34.2 percent of the total 1995 expenditures. Water and Sewer Fund operations account for 13.3 percent; golf course operations, 5.0 percent; and debt service payments, 12.9 percent. Reserve increases, consisting of revenues that will be reserved in 1995 as provided under the Tabor Amendment for appropriation in 1996 and future years, account for 4.2 percent. Expenditures on capital improvements for public works, the golf course, parks and recreation, and water and sewer will account for 30.4 percent of the total expenditures for 1995. The 1995 Budget includes an average 6.92 percent salary and benefit increase for City staff. This increase is due to a reclassification of some positions amounting to an average increase of 3.42 percent. This 6.92 percent increase is also due to employee performance evaluations with increases possible from 2 percent to 6 percent based on performance. Fiscal Policy #22 states that the City will strive to pay prevailing market rates of pay to its employees. Prevailing market rate is defined to include both salary and fringe benefits. The 1995 Budget reflects a continuation of the pay plan adopted in 1992 that established a "prevailing wage" for each position classification. THE FUNDS A discussion of individual funds, their revenues, expenditures and major highlights for 1995 follows: General Fund: General Fund revenues for 1995 are projected at $7,445,295. The appropriated fund balance carryover is projected at $115,260 for total available 1995 General Fund revenue of $7,330,035. The revenue projection reflects the present level of fees and charges. The General Fund expenditure budget for 1995 is $7,445,295. General Fund expenditures reflect all general operational costs of the City and also a reserve of $100,000 for unanticipated expenditures. iv