07/15/2020 (2) - Laserfiche WebLink

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Increased Health Insurance Costs - $34,704 • OPEB savings - $27,373 • • Net decrease of 1 full-time Range Attendant position totaling $33,636 after the -addition of 2 part- time positions As a result of COVID-19's impact on taxpayers' discretionary income, Half -Cent Sales Tax is projected to decrease by $192,939, while State Revenue Sharing is expected to decrease by $68,026 in the M.S.T.U. Fund. These revenues, which are also shared with the General Fund, are anticipated to fall in total by 15% in the upcoming fiscal year. A 10% reduction is anticipated for all other revenue generating user fees such as pool, shooting range, iG center, and other recreational activities. The combined decrease anticipated in user fees totals $118,482. One (1) vacant full-time Range Attendant position is being eliminated in the Shooting Range for a savings of $67,252. This position will be replaced with two (2) part-time positions in order to provide increased flexibility among personnel at the Shooting Range. Based on the July 1 certified tax roll, the assessed value increased 6.16%; new construction added 2.81%, while existing values increased 3.35%. The proposed millage rate for the M.S.T.U. Fund is 1. 1506, which remains unchanged from the current fiscal year. This is 3.35% above the rolled back rate. Transportation Fund • The recommended budget for the Transportation Fund is $17,252,990, reflecting a decrease of $1,131,701 or 6.2% (page 36). Some of the major factors impacting the Transportation Fund budget are presented below: • Staffing decrease — net 1 full-time position, $21,740 savings after the deletion of 3 full-time positions, and the addition of 2 full-time positions • Increased Health Insurance Costs - $105,024 • Decreased OPEB funding - $78,890 • COVID-19 Revenue Impact - Gas Tax revenue decrease of 10% or $269,292; Interest Income decrease of 27% or $9,450 • Deferred Capital and Maintenance - $254,000 including rehabilitation of solids holding pond, headworks piping, and leak repairs at Egret Marsh as well as replacement gates at Road & Bridge Gas Taxes, the largest revenue generator outside of transfers received from the General and M.S.T.U. Funds, are anticipated to decrease 10% or $269,292 in the upcoming fiscal year as a result of COVID-19. This decrease in revenues places additional burden on the portion of expenses funded by both the General and MSTU Funds. Transfers from these funds will account for 70.5% of total revenues next year compared to 63.6% for the current year. • 12