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HomeMy WebLinkAbout2003 Annual Report - Personnel & Finance Committee Budget ,,.4-4... ,�'4 50UTH • ,,,�� \\\\�,`l; 4.d City of South Bend 1 :,..,.....\;.\\ ---� 77z:„� t�, Common Council ,;�� 441 County-City Building•South Bend,Indiana 46601 _ (574)235-9321 x 1865 Fax(574)235-9173 TDD(574)235-5567 December 5, 2003 http://www.ci.south-bend.in.us Roland Kelly President Karen White To: Karen L. White, Council President Vice-President RE: 2003 Annual Personnel and Finance Karl King Committee Budget Chairperson,Committee of the Whole The Personnel and Finance Committee during 2003 handled a number of issues that affect our City. James Aranowski First District The two most important tasks that the committee had Charlotte D.Pfeifer hearings for, were the capital budget for 2003 and Second District the operating budget for 2004 . Roland Kelly In February, the committee sent favorably to the Third District council a capital budget for 2003 in the amount of Karl King $26, 428, 565. Fourth District During the months of August and September, the David Varner committee had hearings with all department heads Fifth District concerning the 2004 operating budget. The committee worked diligently with the administration ErvinKuspa to make sure that the operating needs for the year Sixth District 2004 are met. The committee sent a balanced budget Sean Coleman to the council favorably. The anticipated revenues At Large for 2004 are $163, 075, 472 and anticipated expenditures are $148, 798, 981 . This leaves a Al"Buddy"Kirsits $14, 276, 491 surplus for capital needs in 2004 . The At Large committee still strongly believes in implementing that the administration has 15% - 20% cash reserves Karen L.White set aside for economic downturn or other At Large unanticipated circumstances . Kathleen Cekanski-Farrand Council Attorney The committee also held a number of hearings concerning the increased cost of the city' s self- insured health insurance program. The cost for 2003 will climb over $10 million, which will be $2 million over budget . The city administration, with the help from the committee, has established a number of recommendations to help reduce this growing cost . The year 2004 will bring a number of challenges for the committee. The committee will continue to tackle the challenge of balancing the budget. The state is trying to cap city levies which will put a burden on the city' s budget. The city will continue to see health costs increase. This will put a burden on capital needs . In 2004, the committee will be engaged in negotiations with the firefighters union for a new wage package. If the committee continues to work with the administration and department heads to hold costs and use the guidelines for cash reserves, the city will have a balanced budget for years to come. Ak, /1, 14L—L Sincere , James J. Aranowski Chairman of Personnel And Finance Committee Filed in Clerk's Office DEC 082003 LORET A J.DUDA CM CLERK,SO.BEND,EL Af 6NNi- °`pt i r�C�' can ITE e n1 IUI 1 D �2 ��. i 7NE Ps � zoo3 . mEgn as