Page 84 - FY 2021-22 ADOPTED BUDGET
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BUDGET SYNOPSIS
OPERATING FUNDS BUDGET
The 2020-21 Budget (General Fund and Debt Service Fund) is based on total revenues in the amount of $22,239,457
and expenditures in the amount of $22,963,315. The 2021-22 Budget also includes the transfer of $742,415 to the
Debt Service Fund from the Stormwater Utility Fund, the transfer of $297,586 to the Debt Service Fund from the
TIF Fund, and the transfer of $300,000 from the General Fund to the Capital Asset Replacement Fund.
Total revenues and transfers to the Operating Funds in the amount of $23,263,315 represent a net increase of
$1,298,003 or 5.91 percent over the 2020-21 re-estimate total of $21,965,311.
Total expenditures, transfers, and the use of General Fund reserves in the amount of $21,353,978 for 2021-22
represent a net increase of $995,407 or 4.89 percent over the 2020-21 re-estimate total of $20,358,570.
EXPENDITURES BY CLASSIFICATION
PERSONAL SERVICES
Personnel expenditures are projected to increase by $1,093,556 from $14,708,183 in 2020-21 to $15,801,739 in
2021-22. This increase is attributed to salary adjustments, and adjustments for insurance and fringe benefits.
The Budget includes funds for merit increases for those employees that are at steps one through six on the City’s
seven step salary matrix; employees are eligible for an up-to five-percent increase on their anniversary date.
Funds are also included in the Budget for an up-to twenty percent increase in employee health, dental, and life
insurance premiums. Funds are included for the increase of the City’s contribution rate for employee retirement,
effective January 1, 2022, the current rate of 16.74 percent decreases to 16.08 percent; the employee contribution
rate remains at 7.00 percent.
SUPPLIES AND MATERIALS
The cost of supplies and materials is projected to increase by $28,446 from the 2020-21 re-estimate of $753,423 to
$781,869 in 2021-22. The 2021-22 Budget includes funds for general office and operating supplies, postage, and
other items for City departments.
Funds for the replacement of computers, monitors, peripherals, software, and other technology-related equipment
are included in the Information Technology Activity of the General Fund.
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