Page 92 - FY 2023-24 ADOPTED BUDGET

OPERATING FUNDS EXPENDITURES

Total Operating Fund expenditures, transfers, and use of reserves for 2023-24 are $26,070,272 for a net increase
of $3,066,480 or 13.33 percent over the 2022-23 re-estimate of $23,003,792. General Fund expenditures, special
projects, and transfers of $24,537,643 are $2,442,080 or 11.05 percent more than the 2022-23 re-estimate of
$22,095,563. Debt Service expenditures of $1,532,629 are $624,400 or 68.75 percent more than the 2022-23 re-

estimate of $908,229. The 2023-24 Operating Funds Budget includes a $250,000 transfer from the General Fund
to the Capital Asset Replacement Fund for future vehicle purchases, and $50,000 to the IT/Facilities Fund for
possible use with the new municipal complex. The 2022-23 Operating Funds re-estimate includes the transfer of
$250,000 from the General Fund to the Capital Asset Replacement Fund toward the purchase of a dump truck, and
$50,000 to the IT/Facilities Fund.

Total Operating Fund expenditures (excluding transfers and use of reserves) for 2023-24 are $25,770,272 for an
increase of $3,066,480 or 13.51 percent over the 2022-23 re-estimate of $22,703,792. General Fund expenditures

for 2023-24 (excluding transfers and use of reserves) of $24,237,643 are $2,442,080 or 11.20 percent more than
the 2022-22 re-estimate of $21,795,563. Debt Service expenditures of $1,532,629 are $624,400 or 68.75 percent
more than the 2022-23 re-estimate of $908,229.

EXPENDITURES BY CLASSIFICATION

PERSONAL SERVICES

Personnel expenditures are projected to increase by $3,783,536 from $13,926,420 in 2022-23 to $17,709,956 in
2022-24. This increase is attributed to salary adjustments, and adjustments for insurance and fringe benefits. Also,
in 2022-23 EMS salaries were reimbursed using American Rescue Plan Act grant funds, which lowered personnel

expenditures.

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, 2024, the current rate of 16.33 percent increases to 17.36 percent; the employee contribution

rate remains at 7.00 percent.

SUPPLIES AND MATERIALS

The cost of supplies and materials is projected to increase by $40,000 from the 2022-23 re-estimate of $829,863 to
$870,752 in 2023-24. The 2023-24 Budget includes funds for general office and operating supplies, postage, and
other items for City departments at or near the 2022-23 re-estimate level. Additional funds are included for
software, light bars for patrol cars, and supplies to improve and update City parks.

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