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Res 2014-057/Budget Policy Statement Adoption
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Res 2014-057/Budget Policy Statement Adoption
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1/22/2015 3:44:44 PM
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4/22/2014 9:06:56 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2014-57
Date
4/15/2014
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■ Base operations budgets flat. Additions to the department budgets must be <br />requested, justified, and ranked by priority. <br />■ Fuel /Contractual Obligations /Consumer Price Index increases allowed <br />■ Utility fund transfers to the General Fund budgeted at 7% <br />■ Allocation of economic development and legislative representation related <br />expenses form the Electric Fund to the three major funds <br />■ Capital Outlay amounts determined through the rate model <br />V. Other Initiatives <br />* Continue funding Capital Maintenance Funds and additional one -time funds <br />related to: <br />• Maintain Technology, Building Maintenance, Parks Repair, Sidewalk Repair - <br />same level as FY2014 <br />• Street Maintenance- Move $300,000 to recurring expense and fund an <br />additional $300,000 in one time funds <br />* Education and Youth Initiatives <br />■ Continue allocation of $150,000 for the Youth Services Manager position and <br />youth focused programs identified in the youth master plan <br />* Social Services <br />■ Maintain funding at $410,000 <br />* Hotel Motel Fund <br />■ Revenue based on conservative trends reflecting new hotel rooms <br />■ Funding for special programs remains flat. Organizations can request increases <br />during the budget process for specific programs <br />* Economic Development Funding <br />■ Explore opportunities to establish dedicated economic development incentive <br />funding source <br />* Potential Bond Election <br />■ Plan for a future bond election in the 2015 timeframe. <br />Budget Policy Workshop Page 3 April 15, 2014 <br />
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