Title
AN ORDINANCE TO MAKE APPROPRIATIONS FOR THE CURRENT EXPENSES AND OTHER EXPENDITURES OF THE CITY OF HUDSON, COUNTY OF SUMMIT, STATE OF OHIO, DURING THE FISCAL YEAR BEGINNING JANUARY 1, 2014 AND ENDING DECEMBER 31, 2014
Executive Summary: This Ordinance establishes the City's budget for 2014.
Body
Legislative History
None.
Purpose & Explanation
The total appropriations for 2014 are $75.7 million. This total includes approx. $9.5 million in transfers to other funds and $3.4 million in trust and agency funds (City acts solely in a fiduciary capacity). The General Fund transfers are appropriated in the General Fund and also appropriated in the receiving fund. Excluding fiduciary and General Fund transfers, appropriations for 2014 are approx. $62.8 million.
As required, we split out personnel expenses from non-personnel. Personnel expenses include wages & salaries, pension, medicare, insurance, workers comp and any other taxable benefit. The total budgeted personnel cost for 2014 is $17.8 million.
There were two changes to the draft budget impacting appropriations, as follows:
1. Reduce the Economic Development budget $21,000 due to the adjustment to the Atlas Phase II project. Consequently, we reduced the transfer from the General Fund to the Economic Development Fund by the $21,000.
2. Reduced the Part-Time Compensation in the Police Department budget by $52,609 due to over-estimating the part-time dispatching personnel cost. We reduced the estimate in the 4th quarter of 2013 based on hours per week per dispatcher and we're able to reduce the estimate going forward.
Timing Considerations
Pass by year end.
Fiscal Impact
X Annual Appropriations
Recommendation
Suggested Action
Staff recommends approval of the 2014 appropriations.
Submitted by,
Jeff Knoblauch, Finance Director