January 02, 2013 - A 2013 budget that includes employee salary increases of 1.5 percent recently was adopted by the Sunset Hills Board of Aldermen.
The budget also includes a 1-percent incentive pay pool for employees, according to Ward 4 Alderman Art Havener, who serves as chairman of the city's Finance Committee.
The city's Personnel Committee recommended a 1.5-percent salary increase for all employees receiving at least a satisfactory evaluation and a 1-percent incentive pay pool for those receiving an above-average evaluation. Employees at the top of their respective grade would receive a $500 salary increase and would be eligible for the 1-percent incentive pay, according to Havener.
The city's 2013 general-fund budget projects a surplus of more than $5,000.
The 2013 general-fund budget projects total revenues of $7,099,695 with anticipated expenditures of $7,094,373 — a surplus of $5,322.
For 2013, city officials anticipate a reduction in total general-fund revenues and expenditures compared to 2012 projections.
Total general-fund revenues are projected to decrease by $279,688 compared to 2012. However, excluding grants, revenues are projected to decrease by $29,843.
Total general-fund expenditures are expected to drop $170,533 next year. Excluding grants, expenditures are expected to increase by $79,312. With a beginning general-fund balance of $5,813,679, the city is projected to end 2013 with a general-fund balance of $5,819,001.
The capital-improvement fund projects expenditures of $865,935 with anticipated revenue of $902,000 — a surplus of $36,065.
With a beginning balance of $143,000, the capital-improvement fund is projected to end 2013 with a balance of $179,865.
In August, Sunset Hills voters approved a permanent extension of the city's half-cent, capital-improvement sales tax, which allowed the city to retire roughly $450,000 in outstanding capital-improvement bonds.
Without approval of the sales-tax extension, Proposition 1, the half-cent, capital-improvement sales tax would have ended in 2016 when the bonds were retired. Retiring the outstanding bonds saved the city roughly $41,000 in net interest expense and created a cash surplus of more than $375,000, which benefited the 2013 budget.
Department heads also helped balance the 2013 budget with the largest reduction coming from the Police Department, which eliminated a planned third detective position.
For 2013, city officials project the county road fund balance will drop to $104,641 from $124,641.
Tags: Sunset Hills News
Related Editorial Our TownTea for three at mother-daughter brunchMay 15 2013Tea for three — mother Shirley Kramper, left, and her daughters, Sue Ruzicka, center, and Sandy Silvey share a pot of tea at a mother-daughter brunch at Friendship Village Sunset Hills’ assisted living ...
Impact NewsSunset Hills aldermen OK rezoning to convert Rott School to residencePetition signed by 47 people opposes request to rezone lotMay 01 2013Despite objections from prospective neighbors in the Tapawingo neighborhood, a Sunset Hills man won his residential rezoning bid and can proceed with a plan to turn a historic school into his family’s ...
Impact NewsRezoning OK’d at site of former MFPD firehouseCommercial zoning for site a safety hazard, citizen saysMay 01 2013The Sunset Hills Board of Aldermen voted unanimously to approve rezoning a former firehouse at Lindbergh Boulevard and Sappington Barracks Road as a commercial property last week, despite objections from ...
| |
|
|
