K-3 - FY 2024-2025 - Budget Summary

January 28, 2024 To: Mayor and City Council From: Doug Boldt, City Administrator RE: FY 2024-2025 Budget Summary Below is a general summary of the FY 2024-2025 budget expenses and revenues in preparation for the meeting tomorrow night. Expenses: 001-150 – Fire Department 1. General budget has increased from last year with the addition of the SAFER grant. 2. 6419 – Technology – Equip one additional truck with a laptop. 3. 6310 and 6750 – Building Repairs and Capital Outlay – Proposed maintenance and repairs to existing building, replacement of LUCAS device and begin the construction of a training facility in the fenced in area between the wastewater plant and the water plant. 001-170 – Building Department 1. 6507 – Operating Supplies – Addition of software module to iWorQ. 2. 6710 – Capital Outlay – Purchase of an iPlanTables workstation (attached). This purchase will be funded from a $15,000 grant Nick Sitzman secured for the City in August. 001-410 – Library Department 1. This is a new department within the budget. 001-430 – Park and Recreation Department 1. 001-431 – Recreation – New line items split from parks (001-430) for all recreational programming. 2. 6783 – Park Improvements – New shelter with sidewalk/trail from parking lot, picnic tables, bleachers for new ballfields and water to new and existing ballfields. 001-520 – Economic Development Department 1. If approved, a new department would be added to the budget. 110-210 – Road Use Tax (Public Works) 1. 6505 – Other Equipment – This is a portion of the equipment replacement list Brian Detert presented to the council in November of 2022. Remaining equipment will be capitalized in the 2024 GO Note. Other items within this line item are a lease/purchase of a street sweeper, a hoist for the new public works building, an auger attached for the skid steer and a small pickup. 2. 110-230 – Traffic Signals – New line for the maintenance of the City’s traffic signals.