Special Called Meeting-City Council Budget Workshop

BUDGET WORK.SHOP/RETREAT MAY 5,2023 VOLUME 25 PA.GE 336 MINUTES May 5, 2023 SPECIAL CALL MEETING OF THE CITY COUNCIL FY23-24 BUDGET WORKSHOP CITY OPERATIONS CENTER I 305 WILLIAMS ST. I 8:30 a.m. Present:_ Mayor Barbara G. Volk, Mayor Pro-Tern Lyndsey Simpson, and Council Members: Dr. Jennifer Hensley, Debbie O'Neal-Roundtree and Jerry Smith Staff Prese_nt: City Manager John F. Connet, Assistant City Assistant Manager Pal1le, City Clerk Jill Murray, City Attorney Angela Beeker, Communications Manager Allison Justus, Senior Budget & M<magement Analyst Adam Murr, and others 1. CALL TO ORDER Mayor Volk called the meeting to order at 8:32 a.m. and welcomed those in attendance. A quorum was established with all members in attendance. 2. BUDGET OVERVIEW City Manager John Connet welcomed everyone and explained to Council that Assistant City Manager Brian Pahle, Budget Manager Adam Murr and Budget & Management Analyst Jenny Floyd would be reviewing the budget with them. Below is a summary of the key takeaways from the meeting. 1. Appropriations summarized below. FUND EXPENDITURES REVENUES FUND BALANCE APPROPRIATION General $ 25,909,589 $23,295,070 $ 2,614,519 Water & Sewer $ 24,265,088 $23,876,650 $ 388,438 Environmental Services $ 1,866,035 $ 1,804,000 $ 62,035 Stormwater $ 1,500,344 $ 1,234,050 $ 266,294 Parking $ 1,168,920 $ 1,030,500 $ 138,420 Main Street MSD $ 757,592 $ 626,830 $ 130,762 Health & Welfare $ 306,025 $ 306,025 $ 7th Avenue MSD $ 181,843 $ 118,400 $ 63,443 Water & Sewer CRF $ 100,000 $ 100,000 $ Gov. Special Revenue $ 50,500 $ $ 50,500 SUB-TOTAL $ 56,105,936 $52,391,525 $ 3,714,411 2. City-wide trends: a. 3.0% COLA b. 1.25% Merit based pay differential (1.00% achieves, 2.25% exceeds, 3.50% outstanding) c. No increases to health insurance premium budgets due to wellness programing d. Local Government Employee Retirement System (LGERS) contributions 12.85% for all employees, except Law Enforcement Officers at 14.10% 3. General Fund a. FY23 Tax Rate =$0.52/$100 b. FY24 Tax Rate=$0.49/$100 c. FY24 Revenue Neutral Tax Rate = $0.4192/$100 4. Main Street MSD a. FY23 Tax Rate =$0.24/$100 b. FY24 Tax Rate=$0.21/$100