HomeMy WebLinkAbout2008 09 02 Document Distributed by StaffDate: September 2, 2008
The attached document was distributed by Staff
during the September 2, 2008 City Commission
Workshop.
PAGE 1
FY 2009 BUDGET
SUMMARY OF CHANGES SINCE PRELIMINARY BUDGET
GENERAL FUND
Preliminary Budget: Budget Balanced at 2.2685 Mills
Changes since Preliminary Budget
Set Millage Cap at 3.0338
Available $$ to Millage
Appropriate Equivalent
1,483,757 0.7347
Gains:
Insurance Premium Decrease (G/L, Prop, Auto)
New Revenue (See Page 2)
Remove Transfer to Trotwood
Outsource "Outside Parks" Maintenance
Misc Gains
Losses:
Revised State Revenue Estimates
Health Insurance -Comm Approved
Progress Energy Rate Increase
Reduce Transfer-in from Delinquent Fire Assessments
Increase Projected Insurance Settlements Line Item
Increase Special Legal (Actuarial, etc.)
City Hall Above Ground Tank (timing 2008 to 2009)
Misc Losses
Net Gains/(Losses)
Revised Available to Appropriate
198, 900
185, 000
140, 000
83,000
14,690
(168,414)
(138,895)
(100,000)
(96,279)
(25, 000)
(20, 000)
(17,750)
(18,563)
36,689 0.0182
1, 557,135 0.7710
PAGE 2
FY 2009 BUDGET
POTENTIAL NEW/ADDITIONAL REVENUE SOURCES
GENERAL FUND
Potential New Revenues
Increase Splash Pad Fees
Increase League Fees
Therapy Pool Classes
Civic Center Seminars
Return to SBA
Total
Revenue Millage
$$ Equivalent
30,000 0.015
20,000 0.010
5,000 0.002
5,000 0.002
125,000 0.062
185,000 0.092
PAGE 3
FY 2009 BUDGET
POTENTIAL EXPENDITURE ADD-BACKS
GENERAL FUND
Expense Millage
Add Backs $$ Equivalent
Merit Pay 180,000 0.089
Cody Study Range Adjustments 30,000 0.015
Christmas Parade 7,000 0.003
Christmas Tree Lighting 15,000 0.007
Christmas Concert 23,000 0.011
Spring Concert 23,000 0.011
July 4th Event 60,000 0.030
Fire Dept.-2 Positions 92,000 0.046
Court Services for Lot Clearing 15,000 0.007
2 Police Officers 150,000 0.074
Total 595,000 0.295
Millage Reduction per 0.10 mill 201,957 0.100
Summary
Tentative Millage (Cap) 3.0338
Original Base Budget Millage 2.2685
Revised Base Budget Millage (0.0182) 2.2503
All Add-Backs 0.2950 2.5453
Reduction from Cap 0.4885