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, 2018 AND ENDING DECEMBER 31, 2018; AND DECLARING AN EMERGENCY.
Executive Summary: This Ordinance establishes the City’s budget for 2018.
Body
Legislative History
None.
Purpose & Explanation
The total appropriations for 2018 are $77.6 million which includes approx. $8.1 million in transfers to other funds and $4.4 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 2018 are $65.1 million. The General Fund total 2018 appropriations are $20.9 million, a 5.0% decrease over 2017.
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 all operations for 2018 is $19.6 million, a 2.1% increase over the 2017 personnel budget.
Timing Considerations
The budget is required to be passed by year end.
Fiscal Impact
X Annual Appropriations
Recommendation
Suggested Action
Staff recommends approval of the 2018 appropriations.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Finance Director
Brian Griffith, Assistant Finance Director