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Home My WebLink About10-05-2023 Council Workshop MinutesPersonnel Changes There are no personnel changes associated with the 2024 budget. City of East Wenatchee | Budget Book 2024 Page 22 ATTACHMENT A Summary of Signicant Budget Changes All Funds: 3% cost-of-living adjustment (COLA) for non-union staff in addition to step increases, where applicable 3% COLA for Local-846 union members in addition to step increases, where applicable 3.5% COLA for Teamsters union members 17.5% estimated increase in general liability insurance 4.1% increase in health insurance All Funds (Revenues): Automatic 1% increase in property tax for 2024 General Fund: Revenues $150,000 increase by a non-competitive, no-match grant from the Department of Commerce $145,000 increase in interest earnings $33,000 increase in grants and donations to add a K-9 to the police force General Government Expenses $300,000 decrease in transfers to the E,R&R Fund $42,000 increase in transfers to the Debt Redemption Fund to help pay for the City's LTGO bond $15,000 increase for a re district contract, which is replacing our current re marshall services City Clerk Expenses $39,000 decrease in salaries/benets due to a restructuring that eliminated the Deputy Clerk position Central Services Expenses $16,000 increase in salaries/benets for the maintenance staff's work at City Hall/Police Department (interfund maintenance) $10,500 increase in contracted custodial services for the addition of the Police Department Law Enforcement Expenses $33,000 increase to add a K-9 to the police force (will be entirely offset by grants and donations) $12,500 increase in professional services for various items within this line item $11,000 increase in small tools/equipment to replace some rearms and other equipment ($4,300 reimbursed by Trafc Safety Commission) Jail Services Expenses $461,900 increase to Chelan County for housing & monitoring of prisoners due to an increase in the City's average daily bed rate Planning Expenses $150,000 increase in professional services to hire a consultant to develop a climate plan per HB 1181 (this is offset by a non-competitive, no-match grant from the Department of Commerce) Building Department Expenses $125,000 decrease in salaries/benets in anticipation of not being able to nd a Building Ofcial $25,000 increase in professional services in anticipation of more need for our contracted Building Ofcial $25,000 decrease in re marshall services because this expense is moving to a different budget A $15,000 decrease in abatement offset by a $15,000 increase to begin a savings account for permit tracking software Mayor's Ofce Expenses $10,000 decrease to the "Publications" line item Street Fund: No signicant changes - just fund shifts within the various departmental budget line items Community Development Grants Fund: $181,000 decrease in revenues and expenses due to not receiving this grant in 2024 Affordable Housing Sales Tax Fund: $45,000 decrease in expenses to continue to increase the overall fund balance in this fund Housing & Related Services Fund: $110,000 increase in revenues and expenses due to an increase in taxable retail sales within the city limits Transportation Benet District Fund: $150,000 increase in revenues due to an increase in taxable retail sales within the city limits City of East Wenatchee | Budget Book 2024 Page 23 ATTACHMENT A $100,000 decrease in expenses due to less of a transfer needed to the Street Improvements Fund Hotel/Motel Tax Fund: $119,000 increase in expenses due to an anticipated increase in requests for these funds in 2024, plus to fund the part- time Events Assistant, if approved by the East Wenatchee Events Board (EWEB) $75,000 increase in revenues due to an increase in taxable retail sales within the city limits Events Fund: $92,000 increase in expenses for a new events stage, and for a full part-time Events Assistant (these expenses are all subject to EWEB approval) $86,000 increase in revenues primarily due to an anticipated larger transfer from the Hotel/Motel Tax Fund, if approved by EWEB Street Improvements Fund: Large decreases in revenues and expenses due to a decrease in the size and scope of projects planned for 2024 Capital Improvements Fund: $3,200,000 decrease in expenses because the new Public Works building will be done $175,000 decrease in real estate excise tax (REET) revenue because of a trend in the decline of home sales presumably due to higher interest rates The biggest planned expenses in the fund for 2024 are a fence for the Police Department parking lot (if the Drug Task Force chips in), and paving work at city hall. Stormwater Fund: No signicant changes - the 19th St. project planned for 2023 was moved to 2024 Equipment Rental & Revolving Fund: Decreases to revenues and expenses due to an effort to save the City money by extending the life of current vehicles and equipment City of East Wenatchee | Budget Book 2024 Page 24 ATTACHMENT A 2024 Budget by Fund Projections - Revenues, Expenses & Changes in Fund Balances 2024 Budget by Fund Projections Revenues, Expenses & Changes in Fund Balances Fund & Fund Number Projected Beginning Balance 1/1/2024 Budgeted 2024 Revenues Budgeted 2024 Expenditures Projected Ending Balance 12/31/2024 General - 001 $ 4,481,059 $ 8,826,360 $ 10,423,535 $ 2,883,884 Rainy Day - 002 801,000 51,000 -852,000 Street - 101 333,670 1,327,950 1,500,050 161,570 Comm. Dev Grants - 102 277 --277 Affordable Housing Sales Tax - 103 121,063 32,100 -153,163 Housing & Related Services - 104 10,019 550,000 550,000 10,019 Transportation Benet District - 105 418,833 551,000 500,000 469,833 SWAT - 107 172,097 58,500 143,000 87,597 Library - 112 22,372 5,345 15,000 12,717 Hotel/Motel Tax - 113 575,834 375,500 411,000 540,334 Drug - 114 1,494 100 500 1,094 Criminal Justice - 116 2,749 24,200 25,000 1,949 Events - 117 14,341 242,300 252,210 4,431 Bond Redemption - 202 3,297 648,000 650,500 797 Street Improvements - 301 494,835 7,661,403 8,144,701 11,537 Capital Improvements - 314 82,647 555,500 595,000 43,147 Stormwater - 401 866,383 5,751,288 6,220,720 396,951 Equipment Rental & Revolving - 501 906,648 282,000 337,000 851,648 Total Cash Balances $ 9,308,617 $ 26,942,546 $ 29,768,216 $ 6,482,947 City of East Wenatchee | Budget Book 2024 Page 25 ATTACHMENT A Rate Increase Options 2024 2025 2026 2027 2028 2029 Per Comp Plan, Streets Included $ 781,402 $ 935,358 $ 1,119,816 $ 1,340,584 $ 1,424,824 $ 1,513,422 Option 1: Remove Streets, Plan +1 $ 544,658 $ 653,132 $ 781,933 $ 936,088 $ 994,911 $ 1,056,776 Monthly Rate Per ESU $ 6.44 $ 7.71 $ 9.23 $ 9.81 $ 10.42 $ 10.82 Monthly Increase Per ESU $ 2.69 $ 1.27 $ 1.52 $ 0.58 $ 0.61 $ 0.40 Option 2: Remove Streets, Match Plan $ 781,402 $ 935,358 $ 1,119,816 $ 1,340,584 $ 1,424,824 $ 1,513,422 Monthly Rate Per ESU $ 7.70 $ 9.22 $ 11.04 $ 13.22 $ 14.05 $ 14.92 Monthly Rate Increase Per ESU $ 3.95 $ 1.52 $ 1.82 $ 2.18 $ 0.83 $ 0.87 Option 3: Match Plan by 2027 $ 679,501 $ 958,400 $ 1,145,009 $ 1,340,584 $ 1,424,824 $ 1,513,422 Monthly Rate Per ESU $ 6.70 $ 9.45 $ 11.29 $ 13.22 $ 14.05 $ 14.92 Monthly Rate Increase Per ESU $ 2.95 $ 2.75 $ 1.84 $ 1.93 $ 0.83 $ 0.87