Page 50 - NRH FY20 Approved Budget

BUDGET OVERVIEW

The effect on the General Fund is an increase of $182,149. Public safety sworn personnel are
to receive a 2% market adjustment and a 4% step increase, which equates to $479,127 out of
the General Fund Adopted Budget.

While it is shaping up to be a somewhat good year in FY 2018/2019 for medical expenditures
and large loss claims, health insurance costs do continue to increase. Health insurance costs
covered by the General Fund Adopted Budget total $383,556.

Also included in the adopted budget is a transfer to capital projects in the amount of $1,050,000.
This will be used to fund the following projects: $1,000,000 for the 2020 Preventive
Street Maintenance Project (SM2001) and the Sidewalk Rehabilitation and Replacement
Project (SD2001) in the amount of $50,000.

The FY 2018/2019 Adopted Budget projects to be in balance.

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