City Council Minutes 2023 07 18 - Laserfiche WebLink

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City Council Meeting Minutes July 18, 2023 Page 2 of 4 adjustments should be based on analysis and projections; and new staffing requests should include detailed and specific information defining the need for the position. He noted the Marshall Fire continues to have a significant impact on the City's fiscal situation. 2022 YEAR -IN -REVIEW Director Bailey reviewed the starting and ending fund balances for each of the major funds. He noted the General Fund increased significantly due to a transfer of ARPA funds. Councilmember Dickinson asked for additional information to show what the year's original budget was along with the final budget as a point of reference. Councilmember Hoefner would like to also see the previous year actuals. Councilmember Hoefner asked why we are planning so many water purchases. Director Kowar stated that last year staff determined we could sell some of the rights that we can't utilize. We did that and now we plan to buy rights that we can fully use. REVENUE ASSUMPTIONS & EXPENDITURE TARGETS Director Bailey reviewed revenue assumptions and tax revenue. Auditor Mansurabadi noted the year-to-date revenue numbers. He noted the continued increase in taxes collected on the internet sales; in City sales are basically flat. Mayor Maloney noted that the bag tax numbers are much higher than anticipated. This means people are not using reusable bags which is the hope of the program. Mansurabadi noted that all plastic bag sales will be banned statewide beginning in 2024. Director Bailey reviewed property tax revenue estimates, sales tax revenue, and employee wages Councilmember Hamlington asked if the proposed minimum wage changes would affect the City's payroll if approved. Director Henger stated there are over 100 positions currently paid lower than the proposed rate so it would impact costs. Councilmember Dickinson asked if self -insuring might be an option for the City. City Manager Durbin stated insurance costs are going up across the board. The employee market is difficult and we need to remain competitive in benefits in the market. Councilmember Dickinson asked if sales tax projections are taking historic growth into account or just staying conservative.