City Council Agenda and Packet 2007 09 25 SP

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SUBJECT: Proposed 2008 Budget DATE: September 25, 2008 • No increases in rates have been inchaded in the budget; however Staff is proposing consideration of a 2% water/wastewater rate increase to offset the increased cost of operations as well as an increase in storm water rates. This will avoid the need for more significant increases in future years. Other Issues and Overall Summary: • Staff is developing a number of options for reducing the cost of the 22% health plan increase proposed by the City's carriers. At 1.his stage, the City budget includes an additional $137, 000 for medical coverage in 2008 across all funds to reflect a 10% increase • The proposed budget would increase regular salaries by $453k over all funds with $66k in General Fund, $215k in Conservation Trust, $139k in Water/Wastewater and $33 in Capital Projects. This increase includes the new 2008 pay plan adjustments, merit increases, 1% for part- time employees and additional positions for 2008. • Adopting the proposed budget would add 1.5 FTEs in Water/Wastewater, and a net increase of 1.0 FTEs in the General Fund (2 new positions offset by the deletion of the R&SS Director's position) Recommendation: Discussion/Direction