CC Minutes 07/09/2013 Budget Workshop

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The Neighborhood Improvement Program (NIP) was seeded in FY11 with the transfer from the General Fund of $557,400 to reserve for the Triplet Lake Drive Signature Street Project. Later in the year $5,345,000 in long-term debt proceeds were received to fund a Neighborhood Improvement Program. The FY 2013 budget allotted $2,547,000 toward the reconstruction of S. Triplet Lake Drive (separate from the Signature Street) and Oxford Road Project out of these debt proceeds Also appropriated is the rehabilitation of Neighborhood Areas 1- 3. At this writing the projects are being planned and may be underway before the end of FY 2013. The FY 2014 budget allocates another $1,400,000 rehabilitation of neighborhood areas 4-7. The total debt of the City beginning FY 2014 will be $18,518,412. It is lower by 7.3% or $1,391,456. The reduction is due to the pay -down of principal for various notes throughout the 2013 budget year. A debt table that details all debt issues can be found in the Introductory Section of this budget book. The Debt Service Fund is used to process debt payment obligations related to the General Fund and to capture major refinancing transactions that would seriously distort the overall budget of the General Fund when they occur. 11514 1111111, M] 11 ii 1511111111 Pay and Benefits A salary merit increase of 3% (average) is provided for bargaining unit and non -bargaining unit employees for FY 2014 (with the exception of the City Commission and the City Manager). Salary increases are anticipated to be implemented January 1, 2014. The timing creates an effective salary increase of 2.25% to the budget. Total payroll included in the FY 2014 Proposed Budget is $16,063,477, reflecting a 2.1% increase from the FY 2013 Adopted Budget of $15,738,390. The growth is largely attributed to the salary increases but other factors also contributed. The City is striving to keep health insurance costs controlled. Only a 3% increase is planned for the City's health benefit obligation. The renewal is currently being negotiated and at present the premium is projected to increase about 8%. It has been a few years since any cost increases have been passed onto participating employees. Given the budgeted salary increase requested with this budget it is appropriate that the employees should share in the burden. It is expected that employee cost share and co -pays will be adjusted with the renewal to minimize the impact to the City. Staffing City-wide staff will grow by two full-time employees, from 224 to 226, and part-time positions will decrease by three employees, from 13 to 10. Reorganization of the Parks Division converted two part- time positions into full-time positions and created two additional full-time staff. A facilities Maintenance Manager position was eliminated and these job responsibilities were shifted between the Construction and Permitting Manager and a Parks and Facilities Supervisor. The existing Water Reclamation/Water Production Superintendent was broken out into two separate positions of Water Reclamation Supervisor and Water Production Supervisor. A new position of Cross Connection Control Technician was added. A-12