08-14-2007 Special Meeting Minutes

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City Council Minutes August 14, 2007 Page 6 of 9 ---------------------------- The proposed 2008 HRA budget is $11,300. This is a 0% increase from the 2007 budget. The Council suggested deleting the $10,000 line item in this budget. The reason for the decrease is because the $10,000 budgeted in 2007 has not been spent to date. • Insurance The proposed 2008 Insurance budget is $55,000. This is an increase of $9,000 from the 2007 budget. • Recycling The proposed 2008 Recycling budget is $10,000. This is a decrease of $1,650 from the 2007 budget. • Business Park The proposed 2008 Business Park budget is $41,950. This is an increase of$700 from the 2007 budget. Wa es The Clerk informed the Council that wages reflect a 6% increase. She noted that this percent is subject to change. She further noted that wage proposals will be presented to the Council in October. Council Member Ryan suggested a 5% increase be included in wages and the additional 1% be included in the Council Contingency budget. He explained that this would keep the wage increase separate from any increases necessary due to the market research. Levy Increase The Council discussed the proposed 9.45% increase in the levy. The Council discussed ways of lowering this percentage to 5% - 6%. After further discussion it was decided to set the preliminary levy at the September 4th Council meeting. The Council requested all departments to review their budgets and to be prepared to provide recommendations for budget cuts. It was the consensus that budget cuts would be made prior to setting the final levy.