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2023-2024 Biennial Operating & Capital Budget Supplemental
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BUDGET and ACFR__ANNUAL COMPREHENSIVE FINANCIAL RPTS (30.080 & 30.040A)
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2023-2024 Biennial Operating & Capital Budget Supplemental
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2/8/2024 1:41:41 PM
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1/25/2024 9:46:12 AM
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chart summarizes a history and projection of full-time equivalents (FTEs) and total wage costs. <br />30,000,000 <br />25,000,000 <br />20,000,000 <br />15,000,000 <br />10,000,000 <br />5,000,000 <br />Employee Wages <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 <br />Regular Wages <br />Variable Wages <br />Overtime FTE's <br />Office Space Needs <br />The steady growth of City programs and services, and staff necessary to support those services, <br />has resulted in a shortage of adequate staff workspace. At this time, most City facilities are at <br />capacity, and in some facilities (including City Hall and the Library) numerous remodels have <br />occurred in the past few years to incrementally expand available offices. In 2017, staff brought <br />forward a proposal to complete a redesign of City Hall, incorporating more office space, which was <br />not advanced. Subsequently, the City had planned to complete a space needs assessment/study, <br />which was delayed for various reasons. Staff is still exploring the best solutions to address <br />these needs, including the possibility of office space reconfiguration, teleworking and office <br />sharing, relocating staff to other facilities, and temporary office space rentals and will return to <br />Council in the near future on potential options. The 2024 Operating & Capital Budget includes <br />$100,000 for office space rental, which is carried forward through 2028 in the fund financial <br />forecasts. <br />CAPITAL IMPROVEMENTS PLAN UPDATE <br />Section 5.5 of the City's Financial Policies states: <br />A Six -Year Capital Improvement Plan will be presented to the City Council for <br />consideration during the biennial budget development process. The annual capital budget <br />will be based on the first year of the approved CIP. <br />7 <br />
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