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<br />
<br />TUESDAY
<br />
<br />APRIL 19, 1983
<br />
<br />$65,000.00 less than a 5% COLA increase would cost, by
<br />which cost assumption by the City the employees' net
<br />take-home pay would increase by 6.7% to 8.1%, depending
<br />on income, marital status, withholding exemptions, and
<br />other tax considerations;
<br />
<br />(5) To correct arithmetical variances which have developed and
<br />have been compounded by prior COLA adjustments in the City's
<br />formal pay plan, at a cost of $25,935.00;
<br />
<br />(6) To provide for continued implementation of the City's pay
<br />plan (during 1983-84), i.e., for training and longevity
<br />step increases, at a cost of some $35,000.00; and
<br />
<br />(7) No increase in total number of personnel under the City
<br />Manager's jurisdiction.
<br />
<br />The following is a summary of revenues and expenditures, for the year beginning July 1,
<br />
<br />1983, and the estimated effect upon the financial conditions of the City's several funds,
<br />
<br />as set forth in Mr. Edmonds' recommended 1983-84 City Budget, which budget includes his
<br />
<br />best estimate of the City School Board's 1983-84 budget requests yet to be presented:
<br />
<br />MAJOR FUNDS
<br />
<br /> GENERAL ELECTRIC WATER SEWER
<br />Unappropriated Surplus 7/1/83 989,029 2,230,125 122,974 963,845
<br />Estimated Revenues 15,594,836 9,495,094 1,268,880 1,379,000
<br />Total Available Funds 16,583,865 11,725,219 1,391,854 2,342,845
<br />Estimated Expenditures/Transfers 15,868,413 9,896,220 1,063,813 1,251,545
<br />Unappropriated Surplus 6/30/84 715,452 1,828,999 328,041 1,091,300
<br />Increase or (Decrease) to Surplus ( 273,577) ( 401,126) 205,067 127,455
<br /> MINOR FUNDS
<br />
<br /> REVENUE
<br /> STORES SHARING CDBG CAFETERIA
<br />Unappropriated Surplus 7/1/83 17,120) 208,694 ( 14,205)
<br />Estimated Revenues 126,108 450,000 121,994 619,713
<br />Total Available Funds 108,988 658,694 121,994 605,508
<br />Estimated Expenditures/Transfers 108,988 533,494 121,994 605,508
<br />Unappropriated Surplus 6/30/84 125,200
<br />Increase or (Decrease) to Surplus 17 , 120 83,494)
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