Handout 08-14-20232024 City of Elk River Budget
5.8% proposed increase in General Fund Expenditures
3.8% Desired increase in General Fund Expenditures
$435,000 amount to adjust to get to 3.8% general fund increase
Options for $435,000
$89,700 Police Debt Service -Pay out of Building fund similar to Public Works Bldg payment
$50,000 Quiet Zone Maint-Move to 2023 expense
$92,600 IT charges to departments -Move to 2023 expense
$92.000 Hire one Street employee in 2023, one in 2024 instead of two in 2023
$24,000 Info Tech copier lease -pay in 2023 instead of 2024
$100,000 from Liquor fund-2023 sales better than expected, still have $3.5 million there
$73,000 Give staff 3% raise instead of 4%
$36.500 Give staff 3.5% raise instead of 4%
$1Q0;000 Other expenses that can be moved into 2023 and taken out of 2024 budget