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08-27-02 Personnel & Finance
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08-27-02 Personnel & Finance
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City Council - City Clerk
City Council - Document Type
Committee Mtg Minutes
City Counci - Date
8/27/2002
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z--z -a L <br /> City of South Bend 2003 Budget-Executive Summary <br /> • Fiscally responsible balanced budget-Proactive cost containment <br /> • Able to fully fund essential services with less severe measures than many other governmental <br /> entities <br /> • 2003 Revenues expected to increase by 5.4%or$3 million <br /> • EMS fees expected to decline by$250,000 due to loss of St.Joe Med Center contract and <br /> reallocation of county contract <br /> • General fund expenditures increased by 0.7% <br /> 0%increase for supplies <br /> 1.5%increase for other services <br /> • Significant insurance increases-(2003 Total Cost: $8 million) <br /> Self insurance projected to increase by 13%(2001 worst year ever) <br /> Liability reserve fund projected to increase by 20% <br /> Property insurance - increase- 85% <br /> Workers comp 25%increase <br /> • Fair compensation for employees <br /> Note: City pensions, unlike 401 k's, are guaranteed and have costs assumed by the city <br /> • Personnel increases: <br /> 5.3%-Police <br /> 2.8%-Firefighters <br /> 4.0%-Teamsters <br /> • Personnel cost reductions due to attrition: <br /> 29 net full-time positions eliminated <br /> Streets/Traffic &Lighting 5 Water Works 8 <br /> Wastewater/Sewers 4 Solid Waste 7 <br /> Parks 6 Century Center 1 <br /> Police 1 Econ. Dev. 1 <br /> (4 positions added: Moths, Palais,Legal, Communications Center)-!r4. <br /> • Along with cities throughout Indiana and due to past Fire &Police pension laws, South Bend <br /> will continue to be faced with funding short falls for Fire&Police pensions. Impact <br /> expected in 2004/2005 and beyond. <br /> • Waste water fund has operating deficit and needs rate increase <br /> • EDIT& COIT revenues expected to be lower than past years due to impact from <br /> recession <br /> • Balancing 2004/2005 will be much more difficult due to overall economic issues,reduction <br /> in available federal&state funds, escalating medical,pension, &liability costs, court- <br /> ordered changes in property tax reassessment and tax restructuring. <br />
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