Handout 08-09-20222023 Budget
General Fund
2022 $18,913,600
2023 $20,852,600
Difference $1,938,950 10.3%
Possible changes to 2023 budget
$ 78,000 Change pay increase from 3% to 4%
$171,000 Choose 50% Compensation plan update
($200,000) 2023 expenses moved to be paid out of 2022 budget adjustments
($323,450) New positions not filled in 2023
($250,000) Additional transfer from Liquor Store fund
($300,000) Transfer from Equipment Replacement fund
$824,450 Reduction in budget for 2023
Reductions result in 6% increase in General Fund Expenditures
Levy Change
$2,589,686 Proposed 2023 Levy 18.7% Increase
($422,830) Public Works bond payment taken out of Government Reserve fund
($824,450) Reductions in proposed General Fund expenses
$1,342,060 Revised increase in tax levy for 2023-9.67% increase over 2022
Use of ARPA funds
$575,000 Downpayment on Ladder truck for Fire departmen
$180,500 Purchases of four police vehicles
$265,000 Purchase of Dump truck for Street Department
*Use $6500 from Elk River Ministerial Association to help purchase sun shelters for Pickle ball
courts
Comments
These are extraordinary times that require thinking out of the box
18.7% levy increase is not acceptable
New hires will have to wait
ARPA funds are meant to be used. We should take advantage of the opportunity to offset
unprecedented increases in valuations of property