07-22-13 Budget WS PowerPointA.
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city of Shorewood
5755 Country Club Road
July 22, 2013
City Council Work Session
City of Shorewood
July 22,2013 City Council Work Session
i. CONVENE CITY COUNCILWORK SESSION
A. Roll Call
B. Review Agenda
Shorewood City Council
Budget Discussion —July 22, 2013
History — Shorewood Tax Levy Increase 2009-2013
Total Increase = $59,951 or 1.27% over 5 years
Average Yearly Increase = .25%
Budgets balanced by:
Cost Reductions
Transfers into the General Fund
Use of General Fund Reserves
In 2013 we used $102,848 of reserve.
Shorewood City Council
Budget Discussion —July 22, 2013
Council /Staff Retreat
Action Steps to be used in the 2014 Budget
• General Fund Levy of I.5 to 2.0% Stabilize
Reserves
• Initiate Rate Studies
• Sell Country Club House
• Revisit Capital Improvements Assumptions
• Use of Water Fund Reserves
Shorewood City Council
Budget Discussion —July 22, 2013
State of MN Imposed Levy Limit
effective for budget year 2014
Shorewood: 3% _ $ 142,299
With Designations of "special levies" for debt on:
City Hall $103,950
Police $245,000
Fire $297,000
Shorewood has an additional $645,950 or 13.6%
increase available
Levy Limit Not a Factor
Shorewood City Council
Budget Discussion —July 22, 2013
2014 Budget Assumptions
With: 0% Levy Increase over 2013
All staffing levels continued
Salary and Benefit Reserve of $43,000
AFSCME and Non -Union
Increases Proposed:
Police $39,542 (2.9%)
Fire $19,145 (2.8%)
Christmas Lk AIS $45,000
Southshore Center $12,300
Elections $13,200
Streets and Equip $27.500
Municipal Buildings Ins $10,000
Reductions:
Administrator -$23,108
City Engineer -$ 5,069
Shorewood City Council
Budget Discussion —July 22, 2013
With these Assumptions
And
A Zero Levy Increase in 2014
The Gap to Achieve a Balance
$262,804
Budget is
Shorewood City Council
Budget Discussion —July 22, 2013
Options to Fund the Gap:
Increase Levy
I % _ $47,433
2% _ $94,866
3% _ $ 142,299
Use of General
Fund Reserve
Enterprise Funds
Admin Contributions
Country Club Sale
Reduce Services
$133,200
$25,000
$250,000
Shorewood City Council
Budget Discussion —July 22, 2013
Other Influences to be determined:
Southshore Center Operations
From $12,300 to $150,000
Technology Improvements (CIP Process)
Health Insurance (Small Group) 4 -8% $79590 - 159180
Tree Replacement
EAB Program
Adequate Transfers to CIP
Trails
Recycling
Equipment Replacement
Parks
Funds (CIP &Rate study)
City of Shorewood
July 22,2013 City Council Work Session
13. Adjourn