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AGENDA ITEM # 10.2 <br />REPORT TO CITY COUNCIL <br />Report Prepared by: Angie Duus <br />Date: November 6, 2023 <br />Subject: Budget Update <br />Report: The Council requested a decrease to the budget of $200,000 at the <br />December 16th work session. Attached is an updated budget with the use of <br />carryover funds indicated in red in the amount of $13,050. The City received <br />Small Cities Assistance Program funds in the amount of $73,400 in 2021 which <br />can be used for the construction and maintenance of roads within the city. This <br />amount is intended to help with sealcoating and is listed at the end of the budget to <br />reduce the excess amount in the budget to zero. <br />The budget includes an employer paid health insurance plan of $6,500-100% HSA <br />Plus Embedded Health Silver SE from HealthPartners, see attached. The city’s <br />current health plan is also available with the city paying 85% of the plan premium <br />and the employee paying 15% of the plan premium as employees have done in the <br />past. <br />Council Action Requested: Council discussion and recommendations on the <br />budget.