Res 2018-036/approving a budget policy statement for preparation of the 2018-2019 fiscal year

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• Continue the annual $200,000 contribution to the economic development reserve that is shared equally between General Fund, Water Wastewater Fund, and Electric Fund. • Utility fund transfers to the General Fund budgeted at 8%. ELECTRIC UTILITY FUND • Pursue the goal of funding 4.5% merit and cost of living increase for non-civil service employees. • Additional personnel will be evaluated through the departmental budget request process. • Estimated 5% increase in health insurance premium beginning January 1, 2019. • Base operations budgets flat. Additions to the department budgets must be requested, justified, and ranked by priority. • Fuel/Contractual Obligations/Consumer Price Index increases allowed. • Continue the annual $200,000 contribution to the economic development reserve that is shared equally between General Fund, Water Wastewater Fund, and Electric Fund. • Utility fund transfers to the General Fund budgeted at 8%. STORMWATER UTILITY FUND • Pursue the goal of funding 4.5% merit and cost of living increase for non-civil service employees. • Additional personnel will be evaluated through the departmental budget request process. • Estimated 5% increase in health insurance premium beginning January 1, 2019. • Base operations budgets flat. Additions to the department budgets must be requested, justified, and ranked by priority. • Fuel/Contractual Obligations/Consumer Price Index increases allowed. HOTEL MOTEL FUND • Pursue the goal of funding 4.5% merit and cost of living increase for non-civil service employees. • Funding for special programs remains flat. Organizations can request increases during the budget process for specific programs. IV. Debt On April 3rd, a City Council work session will be held to discuss the City's current debt balances, future debt requirements, and the effect on the budget. Budget Policy Page 3 March 6,2018