02/18/2014 Meeting Minutes - Laserfiche WebLink

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• No full time staffing level changes. • Non-bargaining 2% January 1; Clerical tech 2% July 1. • Supplies are for all of city hall that is stock items. Boxes ordered this year, usually do in Dec. preceding the new year. Treasurer fee's increase reflects the cost of last November's election. • There are several projects that finance will lead with the Munis consultant's assistance. • Printing is the PAFR cost. Copfer presented the revenue assumptions: Estimated Resources Assumptions for 2014 (those in Italics have been discussed during the Divisions'presentations) Note that most assumptions were developed based on historical comparison as being a mature city historical trends are very accurate. The exceptions are primarily: • Property taxes are per the county fiscal officer's assessed valuations. There is a slight decline in residential valuations equating to $291,000 less in estimated collections citywide of which $116,000 is in the general fund. • The admissions tax for the theater is new for 2014 and is based on the per theater tax collections in Westlake since we have 10 and they have 16 and also factoring in a slow start as people take time to realize there is a theater in North Olmsted. • Municipal income taxes, which ended up 5.88% in 2013 due to a 7.28% increase in withholding, 4.07% increase in individual income tax, offset by a 1.28% decrease in net profit income tax. The net profit is not a reliable indicator as it fluctuates, however the strong showing in withholding and recovery of individual income taxes are sustainable in 2014, thus we budgeted last year's actual collection for 2014. • The ems billing receipts are increased slightly by the increase in the fee and better collection results anticipated with utilizing the AG's office, though I could not obtain any firm estimates from our billing company. • Our permit valuation ended at $ 71 million in 2013 with 1450 permits, of which $ 38 million was the treatment plant improvements. The 2014 budget reflects lower permit activity, somewhere nearer the average of $ 30 million in permit valuations. • Local government funds are projected by the county at actually a slight increase to $470,000.