|
Council Minutes of 12-04-2018
<br />conservative estimate for room tax by matching 2018's and not increasing it.
<br />Recreation and Springvale estimates were provided by those divisions. The debt
<br />service estimate was based on 2018, but some adjustments were considered
<br />because the City is expected to do some borrowing in early 2019 for streets and
<br />building improvements. Director Copfer shared that most years since 2008, the
<br />City revenues beat expenses and since 2008 every year receipts beat original
<br />budgeted revenue, while total expenditures ended lower than budgeted. Since
<br />1998 North Olmsted's Moody rating has gone from BAA1 to AA -2. This directly
<br />reduces the cost of borrowing money to the City. The general obligation bond
<br />debt decreased by $3,177,000 this year, the total bonded debt has been reduced to
<br />$22,471,000. In 2019, there is a projected starting balance of $34 million. There is
<br />an $11,393,000 property tax estimate, $622,000 in local government funding and
<br />$54,000,000 in all other revenue for a total estimated resources of $100,444,000.
<br />With an adjusted 2019 revenue of $66,259,000 and an adjusted expenditures of
<br />$70,000,000, based on this budget the City will end 2019 with a $30,428,000
<br />balance. The City has budgeted 2.5% salary increases city wide and minimum
<br />wage goes to $8.55 an hour. Staffing will remain constant except for a full time
<br />person to be shared by the Mayor's Court and Mayor's Office to cover maternity
<br />leave, along with one new road crew member. The Planning Director asked to
<br />keep salary in the budget for an open inspector position she hopes to fill this year.
<br />She discussed that while State Route 252 is a County project, the City will have to
<br />share some costs in it. There is $105,000 budgeted for engineering work for
<br />Butternut Ridge Road and $75,000 for County Club East. The Country Club
<br />project is in a TIF and also presents a grant opportunity. She also discussed the
<br />budget for Phase 2 of the Signal Project. Law Director Gareau noted a 30%
<br />decrease in contractual services, however, that might change depending on what
<br />happens with the Springvale project. City Council has no major changes other
<br />than a suggestion by the Council President to add $10,000 to cover a uniformed
<br />officer at our meetings. After much discussion it was suggested this amendment
<br />be made to the budget. The Safety Director has asked to up CERT participation.
<br />The Fire Department is asking for $1.3 million for a ladder truck, it will be
<br />replacing a truck from 1995. The City will need to borrow to purchase the truck,
<br />but it will be paid back with EMS funds. The department is also looking to
<br />replace two staff vehicles for $74,000, purchase a power load cot system for
<br />$55,000. The department wants to purchase a $14,000 swift water rescue boat as
<br />the City handles swift water rescue for the West Shore Rescue Council of
<br />Governments. The Police Department is asking for $14,000 for a Keywatch
<br />Touch System which is necessary to bring the jail into compliance, a $19,000
<br />Live Scan fingerprint ID System, a $24,000 crash data system that can be used to
<br />get information from vehicle black boxes during accident investigations and a
<br />keyless entry system for the station for $20,000. There is also an issue with the
<br />firing range roof at the police station. The plan proposed is for $1,155,000, which
<br />will not only fix the issue, but make more space for office and storage along with
<br />fixing an ongoing issue with jail entrance/access. The City also has plans to fix
<br />the HVAC system at City Hall for $300,000. The Service Director discussed
<br />increases in salt costs and plans to bid for waste removal. There is also a request
<br />for $32,000 for a cargo van, $15,000 for a one ton roller, $69,500 for an F550
<br />dump truck with plow, $28,000 hot box, $40,000 F350 w/plow and a $60,300
<br />4
<br />
|