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SUBJECT: REVENUE ASSUMPTIONS & EXPENDITURE TARGETS <br />DATE: JULY 18, 2023 PAGE 3 OF 4 <br />Expenditure Budgets and Targets <br />Departments previously submitted their operational budget requests for the 2023-2024 <br />biennium in mid-2022. Year 2 of the Biannual budget will be the starting point for <br />Departmental budget creation. Staff will revisit all previously requested budgetary <br />amounts, along with updating projections for wages and benefits. <br />The following table contains a summary of significant expenditure categories., The term <br />targets is used for expenditures, rather than the term assumptions, to denote that, in most <br />cases, the City has more control over its expenditure disbursements than its revenue <br />receipts. <br />Regional Consumer Price Index <br />Salaries & Wages; <br />Regular',; ages <br />Variat:Ie & Seasonal }adages <br />Overtime <br />Employee Benefits; <br />Employee Insurance <br />FICA Expense <br />Retirement Contribution <br />All Employee Compensation <br />Supplies; <br />1.95% 3.54% 7.70% 5.10% 3.50% 3.25% 3.00% 3.00% 3.00% <br />2.2% 4.6% 9.6% 3.0% 12.4% 4.0% 4.0% 4.0% 4.0% <br />32.9% 34.1?% 33.8% 22.1 % 2.8% 3.9% 3.9% 3.9% 3.9% <br />2.9% -4.3°% 33.4%-22.3°% 5.0% 2.5% 2.5% 2.5% 2.5% <br />3.2% 0.0% 6.4% 27.7% 8.8% 7.5% 7.5% 7.5% 7.5% <br />-2.8°% 7.7% 12.5% 9.8% 4.5% 11.1% 3.9°% 4.0°% 4.4% <br />2.0% 5.6% 23.3% 23.9% 5.1 °% 3.2°% 3.9% 4.0% 4.0% <br />-1.1°% 5.7% 12.5% 1 5.3% 5.4% 4.6% 4.3% 4.3% 4.3% <br />Chemicals <br />-4.9% <br />3.5% <br />Vehicle riaintenance Supplies <br />-9.5°% <br />9.4% <br />Street Supplies <br />1.1 % <br />1-22.5% <br />-17.6 % <br />Uniforms & Clothing <br />9.3% <br />-7.8% <br />Lit:rary Books & Media <br />0.6% <br />7.6% <br />3.5% <br />3.5% <br />3.0% <br />3.0% <br />3.1 % <br />3.5% <br />3.5% <br />3.0°% <br />3.0% <br />0.0% <br />3.5% <br />3.5% <br />3.0°% <br />3.0% <br />-0.6% <br />3.5% <br />3.5% <br />3.0% <br />3.0% <br />0.1 % <br />3.5% <br />3.5% <br />3.0% <br />3.0% <br />All Supplies § -4.2% -2.8°% 90.0%-17.4°% 2.19f. 3.3% 3.3% 3.0% 3.0% <br />Flu rchased?Contracted Services: <br />Professional Services <br />-4.9°% <br />10.2% <br />Utilities <br />6.9°% <br />1.8% <br />Solid',; aste Hauling <br />-7.0% <br />3.9% <br />Parts. Repairs, & Maintenance <br />-18.2% <br />1 <br />17.5% <br />Legal Services <br />-0.5°% <br />9.5% <br />Insurance Premiums & CeductiLles <br />34.3% <br />12.6% <br />Boulder Dispatch Services <br />1.5% <br />12.6% <br />-1 7.3°% <br />1.1°% <br />5.4% <br />4.6% <br />4.7% <br />0.0% <br />3.5°% <br />3.5% <br />3.5% <br />3.5% <br />6.4% <br />4.iY% <br />4.0% <br />4.0% <br />4.0% <br />-21.8% <br />13.9% <br />-7.4% <br />15.5% <br />-7.2"% <br />0.5% <br />5.0°% <br />5.0% <br />5.0% <br />5.{W% <br />14.6% <br />7.0% <br />7.0% <br />7.0% <br />7.0% <br />1 0.0% <br />3.5% <br />3.5% <br />3.5% <br />3.5% <br />All Purchased;Contracted Services 1 8.7% 0.6% 23.6% 17.5°% -E.T°% 2.5% 3.1% 5.3% 2.9% <br />CITY COUNCIL COMMUNICATION <br />13 <br />