2016 Revenue projections and 2016 Proposed Budget SEPTEMBER 29, 2015

2016 Projected General Fund Revenues 2015 ending GF balance $1,117,510 Projected to be UP by $152,000 Expect to have $4.17M in General Fund revenues Revenues are down for 2016 One time grant dollars Building permit fees Court revenues

2016 Budget Assumptions 1% Property Tax increase 1.6% COLA increase, 1.1% COLA for Police 5% increase in health care costs Liability/property insurance deductible raised from $1k to $5k. Savings set aside to fund deductible payments 33 new building permits proposed next year Funding vehicle replacement transfers to 501

Factors that affect 2016 budget Slight reductions in revenues Increase in health care costs (5%) Continued state mandated projects Increased costs for government COLA’s Step and Column movement

Key Projects Main Street renovation Big Rock Ball Fields Planning: Sensitive area update Tree protection standards Landscape standards

Tough decisions have already been made Started process with $575k deficit in the General Fund Focused on the key programs and projects Utilized $125k of ending fund balance Utilized a REET transfer of $75k

Items Not Included (1) Eliminate Commander position - $134k Community and Human Service grants - $20k IT core switch replacement - $50k PTOS and park element - $77.5k Park Impact Fee assessment - $20k Design guidelines – zoning code - $25k

Items Not Included (2) Depot building roof replacement - $15k Community Center paint/siding/awning - $30k Dougherty Farmhouse capital repairs - $13k Fence replacement at Judd Park - $3k Transfer to Street Fund for overlays – was $20k in 2015, $100k in 2014, REET $50k in 2015

Next Steps Council reviews the 2016 Program summaries Spend time reviewing the programs and projects Please send in your questions prior to the different budget meetings

Next Steps Meeting Dates October 6th COW - Police and Public Works October 20 th COW – Finance, Planning and Cultural Commission November 3 rd, Legislative, Executive, Non-Departmental and IT services

QUESTIONS If you have specific questions, please call the Mayor or staff: Mayor Matt Steve L Lara Chief Dean

Thank you