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, 2015 AND ENDING DECEMBER 31, 2015.
Executive Summary: This Ordinance establishes the City's budget for 2015.
Body
Legislative History
None.
Purpose & Explanation
The total appropriations for 2015 are $74.8 million. This total includes approx. $8.5 million in transfers to other funds and $3.7 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 2015 are $62.6 million, a .2% decrease over the 2014 budget.
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 2015 is $17.9 million, a 1.7% increase over the 2014 personnel budget.
There were two changes to the draft budget impacting appropriations, as follows:
1. Eliminated the $115,000 purchase of the excavator for the Public Works Department. It was determined the best course of action is to continue to lease the equipment instead of purchasing it. We added the annual lease cost back to the operating budget.
2. Added $92,000 to the Fire Department budget for the purchase of equipment related to the upgrade to the 800 MHz radio system. The purchase was originally included in the EMS budget for a future year purchase however in order to secure the grant funding, we need to move forward with the project in 2015.
Amendment to Original Legislation (12/17/2014) - we added the following to the 2015 budget as carryover projects. They were originally included in the 2014 budget but have not been completed or awarded.
Fund 430 - Street Construction F...
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