Fiscal Note
This resolution provides funding authorization for a variety of expenditures not anticipated in the 2014 Operating Budget. The appropriation of $3,969,395, from the General Fund balance brings the 2014 General Fund budget closer to the expenditure limit allowable under the State of Wisconsin’s Expenditure Restraint Program and helps preserve expenditure authority in future years. There is no impact on the tax levy. It is anticipated that, following this transfer and based on fund balance applied in the 2015 Adopted Operating Budget, the unreserved, undesignated, and unassigned General Fund balance will remain at or above the target level of 15 percent of budgeted expenditures at the end of 2014.
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SUBSTITUTE-Appropriating $ 3,969,395 from the General Fund balance to agency budgets and the Insurance and Room Tax Workers Compensation Funds to cover various unbudgeted expenditures in 2014.
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As the end of the year approaches, a review of agency operating budgets indicates a number of areas where conditions and events during 2014 are expected to result in the overrun of specific expenditure categories.
One of the most significant expenditure authority needs is in the area of Police Department employee compensation. Conversion of vacation leave to pay as authorized in the Police collective bargaining agreement and special duty pay as well as the mechanism for implementation of the 2014 pay increase is expected to result in salaries exceeding budget by $850,000. Vehicle acquisition and interdepartmental charges add another $37,720, to estimated Police Department expenditures above budgeted amounts. Savings in fringe benefits and other categories along with departmental revenues are expected to leave a net increase in the general fund balance of approximately $130,000.
The Streets Division request of $1,419,000, reflects $265,000 for additional landfill charges and trash disposal costs and $1.2 million to reflect a moderate to worst-case ...
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