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You are watching Access

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LaPorte County Channel 97. Next up is the

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Long Beach Budget and Finance Committee meeting on

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September 1st. You can

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find more

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information about this

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meeting at

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www.accesslaportecounty.org.

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Okay, this is the

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budget and

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finance meeting on September 1st, and

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we are preparing for the

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first reading of

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the budget at the

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September

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Council meeting. I

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don't have my phone with me

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, but it

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seems to be...I don't know the

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date. Maybe the 14th?

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Yes. So, I made an

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agenda, but I

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didn't print it out.

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It's just...Regarding the

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monthly

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financial reports, the

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July projections

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have been completed, but

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I need to

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send them out, which I will

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do this

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afternoon to the

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department heads and the

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board. I'm almost

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done updating the

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overhaul plan

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that is

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part of the July one.

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So, I'll send them, and

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then, uh, the bank

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recommendations, you know,

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today is the 1st, so

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they're not ready yet, but

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hopefully they'll be

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ready

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today and tomorrow.

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We didn't get our

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Bank of New

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York statements from the person

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I requested them from

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last month, so

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we just had to

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wait for the mail, which

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arrives around the

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21st of the month. So

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we really can't

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close the books until we

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get that

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bank interest

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from New York. So

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hopefully he

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will send them on time

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this month, but by

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next July this

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bank entry

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will be complete, so

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once the debt is

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paid off, that's the

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financial part. The

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overhaul plan

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looks

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good. We need to

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discuss, but

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Tristan, I'll

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discuss this in a little

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more detail first, but it's the

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paving of Marsh Court, and

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what we can

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afford over the course of the

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year. And it looks like we

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can, but I'd like to

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look at it

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now that I've updated

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this capital plan.

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And then I know that Paul

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Wolzak wants

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to meet with Trista

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and me again, or even

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just Trista, to

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find out about

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funding for the

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park project across the street.

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So, once we

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know the

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parks development plan,

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they have a major

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tennis court renovation in the

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overhaul plan

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. For 250,000. I

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think the first phase is

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actually

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going to take more

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money, but the parks

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are trying to come

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up with a plan for

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how they're going to

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handle this

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bigger project,

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you know, borrow

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money to do

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all of this instead of

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dragging it out for a

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few years. So it is

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being discussed. Uh, are there

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any other questions about the

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overhaul

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? I know I didn't

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print the master plan

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, but think of what else

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I had to discuss. Hmm.

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Yes, well, well.

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So I just wanted to

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tell you, as far as the

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overhaul plan is concerned

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, the fire department will

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have a figure from

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the vendor along

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with a quote

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from at least

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one or two banks

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, so you have a

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rough idea

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of ​​how much it

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might come out to at the

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September

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council meeting. We

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will try to provide

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this to you in advance so that

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you have it. But

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essentially, we'll have,

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you know, an idea of ​​what it's like to

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specify,

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you know, an exact figure

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approximately, as well as, um

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, bank charges.

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You know, I know you

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guys are getting this

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from the Indiana

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Bond Bank,

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but it would just be

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something to

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present to the council.

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Perfectly.

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And as we've said

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before, either we'll

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introduce a

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user fee to

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help

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pay for that, or we'll

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leverage some of those

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purchase funds that

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you're talking about,

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or...

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Okay. Thank you. Good.

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Then we

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will move on to the budget.

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Trista reviewed with

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me and helped

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work on

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some more of our

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salary articles, which

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seem to be...you know, we're

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looking at it, and we're going

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to discuss today the

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overall

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cost of living increase that

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we would recommend to the

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council, and the city council

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held a closed

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session and

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discussed a few

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items. So, I think

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we'll

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discuss that a little bit today, and we'll

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touch on that.

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So, the first smaller

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package is the general

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fund. Tristo, do

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you have a preference for where to

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start? Good. So,

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general fund, first

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page is the

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clerk's office. And, um, if you

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look at the bottom, you'll

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see the adopted

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budget for 2026 for

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222, and then the

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proposed

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budget for 238, you'll

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see that the

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biggest increase

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was in the line

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highlighted in

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purple, health

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insurance. So, hmm, the

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new employee has a

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family plan and that's an

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expense.

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Otherwise, hmm, most of it

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remained

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pretty flat. Hmm,

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any questions?

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Hmm, just, hmm, hmm,

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proportional to LC.

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Wait, Tristo,

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can you turn it on? That's

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it.

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I got used to them when we

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entered the room. I

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forgot they weren't there. Hmm,

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a few points very

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quickly about

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wages so there

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are no questions.

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The small

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budget cut for the

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clerk-treasurer line

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simply, ahem,

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confirms

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the proportion between the

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general fund and the

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other two funds.

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Uh, it's 80 divided by 10 divided by

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10%. So, some of

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the responsibilities of the clerk-

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treasurer are to

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oversee some

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other municipal

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funds

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related to water,

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garbage, and storm

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sewers. Uh,

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the costs are then also

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distributed between

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these funds. And

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the salary remains

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the same for this

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particular line. There is

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no promotion

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foreseen or

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planned for this position

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.

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The reduction of the clerical assistant position

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is

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simply due to a change in

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personnel based on

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salary history,

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etc. So the current

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clerical assistant

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in the

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treasurer's office has a lower

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salary than

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previous

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employees. It's not that

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this

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particular person's

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salary was reduced. This

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, of course, reduces

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social

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security and everything

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related to it.

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So, this

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insurance position costs 20

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thousand, and this one costs 160. This is for

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one employee

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. And then we have to

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pay the other one, I'm

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looking at 26 of them

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within 20% of the polls

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. Uh, then

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insurance.

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Good.

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This is for one

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employee.

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, and I'm not sure

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last year's

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proportion was

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entirely accurate. She

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was close. But

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yes, it is expensive.

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Well, that's with a 15

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percent

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increase in

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health

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insurance. So I'll

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check if

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I've specified everything correctly

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for this. But

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maybe I'm trying to

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think...Yeah, I'll

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see where I

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got that number from. Well, I

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think if we

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look at...Yeah, I

305
00:08:23,302 --> 00:08:24,482
mean the

306
00:08:24,482 --> 00:08:26,069
total cost between

307
00:08:26,069 --> 00:08:26,720
the city and the

308
00:08:26,720 --> 00:08:28,184
employees this

309
00:08:28,184 --> 00:08:29,405
year is

310
00:08:29,405 --> 00:08:32,131
about 300,000. Hmm. So

311
00:08:32,131 --> 00:08:33,708
the city pays 80,

312
00:08:33,708 --> 00:08:35,810
the workers pay 20.

313
00:08:35,810 --> 00:08:37,913
Um, you know, for example,

314
00:08:37,913 --> 00:08:43,094
the police are 104,000. The High

315
00:08:43,094 --> 00:08:44,431
Street, uh, is

316
00:08:44,431 --> 00:08:46,207
betting for us. Yes. Well,

317
00:08:46,207 --> 00:08:47,079
we moved from

318
00:08:47,079 --> 00:08:47,853
Machiana just

319
00:08:47,853 --> 00:08:49,174
last year. So this

320
00:08:49,174 --> 00:08:50,349
was our first year with

321
00:08:50,349 --> 00:08:51,606
High Street. And they don't

322
00:08:51,606 --> 00:08:52,707
know what the

323
00:08:52,707 --> 00:08:54,015
increase will be, but they

324
00:08:54,015 --> 00:08:54,945
recommended a

325
00:08:54,945 --> 00:08:56,322
15% budget increase,

326
00:08:56,322 --> 00:08:57,423
which they did

327
00:08:57,423 --> 00:08:58,559
last year, and I

328
00:08:58,559 --> 00:08:59,454
think it

329
00:08:59,454 --> 00:09:00,484
increased by

330
00:09:00,484 --> 00:09:02,160
8.7.

331
00:09:02,160 --> 00:09:04,214
Yes, 8,7 or 8, I'm

332
00:09:04,214 --> 00:09:06,121
thinking about that too. So,

333
00:09:06,121 --> 00:09:07,465
fortunately, it wasn't that

334
00:09:07,465 --> 00:09:08,880
much, but, um...And I don't

335
00:09:08,880 --> 00:09:10,189
think

336
00:09:10,189 --> 00:09:11,498
we've had a lot of statements this year,

337
00:09:11,498 --> 00:09:12,630
but I think that's

338
00:09:12,630 --> 00:09:14,009
just what the market will do

339
00:09:14,009 --> 00:09:16,172
. We'll see. But

340
00:09:16,172 --> 00:09:17,526
yes, I will consider it because

341
00:09:17,526 --> 00:09:18,428
it seems

342
00:09:18,428 --> 00:09:20,117
high. Hmm...

343
00:09:20,117 --> 00:09:21,549
Any other questions about the

344
00:09:21,549 --> 00:09:30,332
clerk? Good. So,

345
00:09:30,332 --> 00:09:31,586
next we have, uh, the

346
00:09:31,586 --> 00:09:33,048
city council just

347
00:09:33,048 --> 00:09:34,009
remains

348
00:09:34,009 --> 00:09:35,220
stable, 12,000

349
00:09:35,220 --> 00:09:38,052
on top. And then we

350
00:09:38,052 --> 00:09:38,893
move on to the

351
00:09:38,893 --> 00:09:39,960
administrative

352
00:09:39,960 --> 00:09:44,563
part of the city. And

353
00:09:44,563 --> 00:09:48,715
we see that the budget

354
00:09:48,715 --> 00:09:49,963
has actually decreased,

355
00:09:49,963 --> 00:09:51,083
again, because of

356
00:09:51,083 --> 00:09:54,279
health insurance.

357
00:09:54,279 --> 00:09:55,178
So, we're making

358
00:09:55,178 --> 00:09:56,431
records, breaking

359
00:09:56,431 --> 00:09:57,394
them down by department,

360
00:09:57,394 --> 00:09:58,647
just not as much

361
00:09:58,647 --> 00:09:59,932
as we did

362
00:09:59,932 --> 00:10:01,088
last year's budget, I

363
00:10:01,088 --> 00:10:01,923
needed to

364
00:10:01,923 --> 00:10:03,176
figure out this breakthrough

365
00:10:03,176 --> 00:10:04,268
because we changed

366
00:10:04,268 --> 00:10:08,187
insurance. So you'll

367
00:10:08,187 --> 00:10:09,814
see that 35,800, uh,

368
00:10:09,814 --> 00:10:10,841
that's about

369
00:10:10,841 --> 00:10:13,494
half of what we

370
00:10:13,537 --> 00:10:14,906
budgeted last

371
00:10:14,906 --> 00:10:17,069
year. Based on the fact that

372
00:10:17,069 --> 00:10:17,950
you will see the

373
00:10:17,950 --> 00:10:19,256
actual costs that

374
00:10:19,256 --> 00:10:22,184
go here. So, I kind of

375
00:10:22,184 --> 00:10:23,487
broke down the expenses,

376
00:10:23,487 --> 00:10:24,584
but it was after the

377
00:10:24,584 --> 00:10:26,641
budget. Therefore.

378
00:10:26,641 --> 00:10:27,219
And this line

379
00:10:27,219 --> 00:10:28,132
of insurance is

380
00:10:28,132 --> 00:10:28,589
property

381
00:10:28,589 --> 00:10:29,624
liability,

382
00:10:29,624 --> 00:10:30,090
right?

383
00:10:30,090 --> 00:10:32,046
Oh, yes. You are right.

384
00:10:32,046 --> 00:10:32,998
Therefore.

385
00:10:32,998 --> 00:10:34,141
Yeah, it's not even

386
00:10:34,141 --> 00:10:34,730
for you all to

387
00:10:34,730 --> 00:10:35,471
do Civic,

388
00:10:35,471 --> 00:10:36,060
I think we should

389
00:10:36,060 --> 00:10:36,782
change the name of this,

390
00:10:36,782 --> 00:10:37,504
or at least I can

391
00:10:37,504 --> 00:10:38,150
change it in my

392
00:10:38,150 --> 00:10:38,891
spreadsheet

393
00:10:38,891 --> 00:10:39,675
so it's like this:

394
00:10:39,675 --> 00:10:40,782
Yes, I can, I can

395
00:10:40,782 --> 00:10:43,547
make this change. Yes.

396
00:10:43,547 --> 00:10:44,908
On property.

397
00:10:44,908 --> 00:10:46,024
That way, there will be no

398
00:10:46,024 --> 00:10:46,929
confusion that this

399
00:10:46,929 --> 00:10:48,136
corresponds to health

400
00:10:48,136 --> 00:10:49,313
insurance, because that's not the

401
00:10:49,313 --> 00:10:49,896
line.

402
00:10:49,896 --> 00:10:51,134
Good. Because I

403
00:10:51,134 --> 00:10:52,114
just made this

404
00:10:52,114 --> 00:11:10,860
mistake. Emm. Mhm. Well,

405
00:11:10,860 --> 00:11:12,074
it's just a difference in

406
00:11:12,074 --> 00:11:13,052
how it was

407
00:11:13,052 --> 00:11:14,401
provided to us by Mishawaka,

408
00:11:14,401 --> 00:11:15,750
how we made the records, and

409
00:11:15,750 --> 00:11:17,065
how High Street provides it to

410
00:11:17,065 --> 00:11:19,598
us. So, they

411
00:11:19,598 --> 00:11:20,748
send all this

412
00:11:20,748 --> 00:11:21,961
breakthrough that we have to

413
00:11:21,961 --> 00:11:22,613
pay

414
00:11:22,613 --> 00:11:25,007
quarterly. And then

415
00:11:25,007 --> 00:11:27,296
, uh,

416
00:11:27,327 --> 00:11:28,172
the police

417
00:11:28,172 --> 00:11:29,204
department's budget allocation was also

418
00:11:29,204 --> 00:11:30,431
completely out of order.

419
00:11:30,431 --> 00:11:32,111
Yes, I have changed a little.

420
00:11:32,111 --> 00:11:35,455
We have changed a little.

421
00:11:35,455 --> 00:11:36,640
Yes, you will see that there

422
00:11:36,640 --> 00:11:37,365
is actually

423
00:11:37,365 --> 00:11:38,353
insurance under the

424
00:11:38,353 --> 00:11:39,571
fire department and

425
00:11:39,571 --> 00:11:40,889
public

426
00:11:40,889 --> 00:11:44,092
safety building. We have a drone.

427
00:11:44,092 --> 00:11:45,032
We have all the new

428
00:11:45,032 --> 00:11:46,720
equipment that

429
00:11:46,752 --> 00:11:47,758
has increased it in some ways in

430
00:11:47,758 --> 00:11:49,590
some areas. So,

431
00:11:49,590 --> 00:11:50,671
yeah, we'll keep

432
00:11:50,671 --> 00:11:51,783
moving forward and you

433
00:11:51,783 --> 00:11:52,737
can see the

434
00:11:52,737 --> 00:11:55,541
rest. Um, I increased my

435
00:11:55,589 --> 00:11:57,238
electricity and

436
00:11:57,238 --> 00:11:58,741
gas costs by 15, 14% or 15, I

437
00:11:58,741 --> 00:11:59,375
think.

438
00:11:59,375 --> 00:12:00,298
15?

439
00:12:00,298 --> 00:12:04,386
And then we'll

440
00:12:04,386 --> 00:12:05,450
keep this

441
00:12:05,450 --> 00:12:08,072
administrative

442
00:12:08,113 --> 00:12:09,751
emergency type of budget at

443
00:12:09,751 --> 00:12:11,225
75,000. And then

444
00:12:11,225 --> 00:12:12,863
we have this capital

445
00:12:12,863 --> 00:12:16,549
budget of 20,000.

446
00:12:16,549 --> 00:12:17,724
So, again,

447
00:12:17,724 --> 00:12:19,073
that budget has actually

448
00:12:19,073 --> 00:12:21,079
decreased. Um, that's

449
00:12:21,079 --> 00:12:22,071
good.

450
00:12:22,071 --> 00:12:23,278
I see this line for the

451
00:12:23,278 --> 00:12:24,519
public

452
00:12:24,519 --> 00:12:25,449
safety building.

453
00:12:25,449 --> 00:12:25,902
Yes.

454
00:12:25,902 --> 00:12:28,113
It is now

455
00:12:28,113 --> 00:12:29,201
233,000.

456
00:12:29,201 --> 00:12:31,801
No, these are old lines. You

457
00:12:31,801 --> 00:12:33,083
will see these red

458
00:12:33,083 --> 00:12:35,156
squares later.

459
00:12:35,156 --> 00:12:35,889
When the

460
00:12:35,889 --> 00:12:37,050
public safety building

461
00:12:37,050 --> 00:12:37,936
went live, we

462
00:12:37,936 --> 00:12:39,005
removed them so we

463
00:12:39,005 --> 00:12:39,678
could

464
00:12:39,678 --> 00:12:43,407
keep better track.

465
00:12:43,407 --> 00:12:44,346
Okay, the next

466
00:12:44,346 --> 00:12:45,060
page is the

467
00:12:45,060 --> 00:12:45,805
construction

468
00:12:45,805 --> 00:12:49,839
department. So,

469
00:12:49,839 --> 00:12:50,660
they are not currently

470
00:12:50,660 --> 00:12:51,756
hiring

471
00:12:51,756 --> 00:12:52,304
for a

472
00:12:52,304 --> 00:12:53,064
building

473
00:12:53,064 --> 00:12:55,712
inspector position. But we are

474
00:12:55,712 --> 00:12:56,896
budgeting in the

475
00:12:56,896 --> 00:12:57,641
hope that we will

476
00:12:57,641 --> 00:13:00,439
fill this position.

477
00:13:00,439 --> 00:13:01,870
So, uh, you'll see

478
00:13:01,870 --> 00:13:02,788
this line for

479
00:13:02,788 --> 00:13:04,036
hourly pay

480
00:13:04,036 --> 00:13:07,953
. And then the

481
00:13:07,953 --> 00:13:08,782
clerical

482
00:13:08,782 --> 00:13:09,581
worker is an

483
00:13:09,581 --> 00:13:10,749
employee of our

484
00:13:10,749 --> 00:13:11,948
construction department

485
00:13:11,948 --> 00:13:13,116
who works in this

486
00:13:13,116 --> 00:13:14,314
office, and that

487
00:13:14,314 --> 00:13:15,543
salary is split

488
00:13:15,543 --> 00:13:16,158
between the

489
00:13:16,158 --> 00:13:17,018
construction fund and the

490
00:13:17,018 --> 00:13:21,132
stormwater fund.

491
00:13:21,132 --> 00:13:22,586
I think I should

492
00:13:22,586 --> 00:13:24,040
start with this whole

493
00:13:24,040 --> 00:13:25,458
budget, uh, Tristan

494
00:13:25,458 --> 00:13:26,875
, I'm going to take

495
00:13:26,875 --> 00:13:28,002
it out of the general

496
00:13:28,002 --> 00:13:29,347
fund under the

497
00:13:29,347 --> 00:13:30,511
new requirement that

498
00:13:30,511 --> 00:13:31,747
goes into effect on

499
00:13:31,747 --> 00:13:36,128
January 1st. And we both

500
00:13:36,128 --> 00:13:37,140
agree that

501
00:13:37,140 --> 00:13:38,284
we want to remove it

502
00:13:38,284 --> 00:13:39,296
for the budget, rather than

503
00:13:39,296 --> 00:13:40,374
do it in January

504
00:13:40,374 --> 00:13:41,583
when we have to

505
00:13:41,583 --> 00:13:44,502
do it. So, we're

506
00:13:44,502 --> 00:13:45,143
going to

507
00:13:45,143 --> 00:13:46,333
prepare, and we

508
00:13:46,333 --> 00:13:47,461
might have to

509
00:13:47,461 --> 00:13:48,498
do a temporary

510
00:13:48,498 --> 00:13:49,688
loan from the general

511
00:13:49,688 --> 00:13:50,725
fund into the new

512
00:13:50,725 --> 00:13:51,671
construction fund to

513
00:13:51,671 --> 00:13:52,708
start paying the

514
00:13:52,708 --> 00:13:53,776
bills until we

515
00:13:53,776 --> 00:13:54,630
get

516
00:13:54,630 --> 00:13:55,915
some revenue there. So,

517
00:13:55,915 --> 00:13:56,576
we'll start

518
00:13:56,576 --> 00:13:57,270
getting

519
00:13:57,270 --> 00:13:58,393
registrations, but we're

520
00:13:58,393 --> 00:13:59,450
getting more

521
00:13:59,450 --> 00:14:00,508
permits, you know,

522
00:14:00,508 --> 00:14:03,904
seasonally. So, have

523
00:14:03,904 --> 00:14:05,081
you made adjustments

524
00:14:05,081 --> 00:14:06,290
to the fees or instead of

525
00:14:06,290 --> 00:14:07,308
last

526
00:14:07,308 --> 00:14:09,372
year,

527
00:14:09,372 --> 00:14:10,465
No, this is Tristan, and

528
00:14:10,465 --> 00:14:12,951
I have a note regarding the

529
00:14:12,984 --> 00:14:14,318
building permit fees. I

530
00:14:14,318 --> 00:14:15,532
need to talk

531
00:14:15,532 --> 00:14:16,777
to Larry and see

532
00:14:16,777 --> 00:14:17,831
if he has any

533
00:14:17,831 --> 00:14:19,177
desire to increase them.

534
00:14:19,177 --> 00:14:20,416
Chris will recommend that

535
00:14:20,416 --> 00:14:21,401
if we

536
00:14:21,401 --> 00:14:22,069
are going to

537
00:14:22,069 --> 00:14:23,340
scale up at all, we should

538
00:14:23,340 --> 00:14:27,586
do it. Yes. Yes. I

539
00:14:27,586 --> 00:14:29,908
think there

540
00:14:31,788 --> 00:14:32,678
was a

541
00:14:32,678 --> 00:14:33,865
discussion last year, even before this legislation was passed, that this

542
00:14:33,865 --> 00:14:34,789
process never

543
00:14:34,789 --> 00:14:36,799
went ahead. Um,

544
00:14:36,799 --> 00:14:38,112
the rates have never been

545
00:14:38,112 --> 00:14:39,178
increased, but I

546
00:14:39,178 --> 00:14:40,243
think it's

547
00:14:40,243 --> 00:14:41,557
worth looking at

548
00:14:41,557 --> 00:14:43,013
them now and assessing, and

549
00:14:43,529 --> 00:14:44,757
what the rates are for this

550
00:14:44,757 --> 00:14:45,436
next

551
00:14:45,436 --> 00:14:46,888
legislation.

552
00:14:46,888 --> 00:14:48,027
Well, the law

553
00:14:48,027 --> 00:14:48,993
says you

554
00:14:48,993 --> 00:14:50,236
can

555
00:14:50,236 --> 00:14:51,617
only increase them once every 5 years,

556
00:14:51,617 --> 00:14:52,653
and then based on the

557
00:14:52,653 --> 00:14:57,144
CPI increase. Um, but

558
00:14:57,144 --> 00:14:58,348
the option after that

559
00:14:58,348 --> 00:14:59,487
period, literally the

560
00:14:59,487 --> 00:15:00,788
grammatical

561
00:15:00,788 --> 00:15:01,568
construction period,

562
00:15:01,568 --> 00:15:02,609
says: "However,

563
00:15:02,609 --> 00:15:03,845
if costs have increased

564
00:15:03,845 --> 00:15:05,017
and the council has a public

565
00:15:05,017 --> 00:15:06,188
hearing, then they

566
00:15:06,188 --> 00:15:07,229
can increase

567
00:15:07,229 --> 00:15:11,218
rates." So, that's

568
00:15:11,218 --> 00:15:12,432
right.

569
00:15:12,432 --> 00:15:17,934
How about... It's a

570
00:15:17,934 --> 00:15:19,296
good idea to evaluate them

571
00:15:19,296 --> 00:15:20,521
and make sure

572
00:15:20,521 --> 00:15:21,475
we're looking at

573
00:15:21,475 --> 00:15:22,496
the revenues in relation to the

574
00:15:22,496 --> 00:15:23,859
actual expenses that are

575
00:15:23,859 --> 00:15:26,892
incurred.

576
00:15:26,892 --> 00:15:33,810
So, it's...

577
00:15:33,810 --> 00:15:34,656
Yeah, health

578
00:15:34,656 --> 00:15:36,016
insurance and other

579
00:15:36,016 --> 00:15:37,390
things. Um, where does this

580
00:15:37,390 --> 00:15:39,134
apply?

581
00:15:39,134 --> 00:15:40,388
Currently, two

582
00:15:40,388 --> 00:15:41,449
building employees who

583
00:15:41,449 --> 00:15:42,542
currently work for us do not

584
00:15:42,542 --> 00:15:43,764
receive health

585
00:15:43,764 --> 00:15:47,351
insurance.

586
00:15:47,351 --> 00:15:48,424
Part-

587
00:15:48,424 --> 00:15:49,597
time and contract

588
00:15:49,597 --> 00:16:02,298
situation. Yes. Yes.

589
00:16:02,298 --> 00:16:03,958
So, um...So, yeah, those are the

590
00:16:03,958 --> 00:16:05,162
two salaries

591
00:16:05,162 --> 00:16:08,714
on top. And then as

592
00:16:08,714 --> 00:16:09,987
you work your way down, there are

593
00:16:09,987 --> 00:16:11,546
some materials.

594
00:16:11,546 --> 00:16:12,542
We currently pay

595
00:16:12,542 --> 00:16:13,478
LaPorte County to

596
00:16:13,478 --> 00:16:14,444
perform our

597
00:16:14,444 --> 00:16:15,440
electrical

598
00:16:15,440 --> 00:16:16,597
inspections. So, this is a

599
00:16:16,597 --> 00:16:17,857
line for an

600
00:16:17,857 --> 00:16:19,902
electrical inspector.

601
00:16:19,902 --> 00:16:21,016
Uh, the building

602
00:16:21,016 --> 00:16:24,717
commissioner has increased

603
00:16:24,717 --> 00:16:25,744
the hours in the

604
00:16:25,744 --> 00:16:26,567
last few

605
00:16:26,567 --> 00:16:27,741
months due to the fact that

606
00:16:27,741 --> 00:16:28,270
we don't have a

607
00:16:28,270 --> 00:16:29,004
building

608
00:16:29,004 --> 00:16:33,114
inspector. So, uh,

609
00:16:33,114 --> 00:16:34,013
Tristan and I

610
00:16:34,013 --> 00:16:35,312
have looked at both of those

611
00:16:35,312 --> 00:16:36,644
lines and we think

612
00:16:36,644 --> 00:16:37,510
we have enough

613
00:16:37,510 --> 00:16:38,776
budget to cover

614
00:16:38,776 --> 00:16:39,975
any scenario

615
00:16:39,975 --> 00:16:40,907
where once we

616
00:16:40,907 --> 00:16:42,140
hire an inspector,

617
00:16:42,140 --> 00:16:43,372
you know, Larry will have

618
00:16:43,372 --> 00:16:44,438
fewer hours in that

619
00:16:44,438 --> 00:16:50,518
role. Uh, and so

620
00:16:50,518 --> 00:16:52,001
Larry also has some

621
00:16:52,001 --> 00:16:53,056
budget in the

622
00:16:53,056 --> 00:16:54,266
stormwater fund for the

623
00:16:54,266 --> 00:16:55,516
MS4 points that we're going to

624
00:16:55,516 --> 00:17:00,725
try to allocate

625
00:17:00,725 --> 00:17:01,754
this year so we

626
00:17:01,754 --> 00:17:02,814
can use

627
00:17:02,814 --> 00:17:04,061
that budget for some of

628
00:17:04,061 --> 00:17:04,996
his hourly

629
00:17:04,996 --> 00:17:08,309
costs. You know,

630
00:17:08,309 --> 00:17:09,543
he spent

631
00:17:09,543 --> 00:17:10,553
a lot of time

632
00:17:10,553 --> 00:17:12,011
moving sand this year, which

633
00:17:12,011 --> 00:17:13,058
I think

634
00:17:13,058 --> 00:17:15,280
qualifies as MS4.

635
00:17:15,280 --> 00:17:20,019
So I think we

636
00:17:20,019 --> 00:17:21,041
have enough

637
00:17:21,041 --> 00:17:22,405
budget for these lines

638
00:17:22,405 --> 00:17:56,285
now. Thank you. Good

639
00:17:56,285 --> 00:17:58,800
point. According to

640
00:17:58,800 --> 00:17:59,918
the directory, this role

641
00:17:59,918 --> 00:18:00,725
does not include

642
00:18:00,725 --> 00:18:01,315
health

643
00:18:01,315 --> 00:18:02,432
insurance, but that's a

644
00:18:02,432 --> 00:18:04,232
good thing. Yes, because it is

645
00:18:04,232 --> 00:18:05,260
general

646
00:18:05,260 --> 00:18:07,606
underemployment. Eh, but it's

647
00:18:07,606 --> 00:18:08,974
good to remember that

648
00:18:08,974 --> 00:18:11,107
. Depending on

649
00:18:11,107 --> 00:18:12,139
who they ultimately

650
00:18:12,139 --> 00:18:12,983
want to

651
00:18:12,983 --> 00:18:15,422
hire for it. Good. Uh, are there

652
00:18:15,422 --> 00:18:16,915
any more questions? I don't

653
00:18:16,915 --> 00:18:17,901
think there's anything

654
00:18:17,901 --> 00:18:19,198
more. We keep the

655
00:18:19,198 --> 00:18:20,503
legal information

656
00:18:20,503 --> 00:18:22,802
regarding BCA below.

657
00:18:22,802 --> 00:18:24,491
So you'll see that

658
00:18:24,491 --> 00:18:26,053
total is just

659
00:18:26,053 --> 00:18:27,616
under 220,000. The average

660
00:18:27,616 --> 00:18:29,770
income, um, for your

661
00:18:29,812 --> 00:18:30,910
planning and

662
00:18:30,910 --> 00:18:32,388
building permits, various

663
00:18:32,388 --> 00:18:34,035
fees, inspections, etc.

664
00:18:34,035 --> 00:18:38,109
Um, let me

665
00:18:38,109 --> 00:18:44,345
reveal something. Um, the

666
00:18:44,345 --> 00:18:45,689
actual average

667
00:18:45,689 --> 00:18:47,328
incomes have been hovering, um

668
00:18:47,328 --> 00:18:48,546
, um, around 200.

669
00:18:48,546 --> 00:18:50,059
One year we were

670
00:18:50,059 --> 00:18:51,739
just under 200. Another

671
00:18:51,739 --> 00:18:53,168
year we were just

672
00:18:53,168 --> 00:18:54,681
over 200. The year we

673
00:18:54,681 --> 00:18:56,235
were higher, it was

674
00:18:56,235 --> 00:18:57,748
because of a big

675
00:18:57,748 --> 00:18:58,882
project that was

676
00:18:58,882 --> 00:19:01,454
going on. And so, uh

677
00:19:01,454 --> 00:19:02,746
, going back to the

678
00:19:02,746 --> 00:19:06,252
original conversation.

679
00:19:06,252 --> 00:19:07,727
Now when you see

680
00:19:07,727 --> 00:19:08,722
that the expenses here

681
00:19:08,722 --> 00:19:09,644
are 220

682
00:19:09,644 --> 00:19:10,861
compared to our

683
00:19:10,861 --> 00:19:12,078
average income

684
00:19:12,078 --> 00:19:13,443
which is only

685
00:19:13,443 --> 00:19:14,808
200, uh, there is, um, the question of

686
00:19:14,808 --> 00:19:16,209
further consideration of

687
00:19:16,209 --> 00:19:22,679
these fees.

688
00:19:22,679 --> 00:19:25,315
Good. The next

689
00:19:25,315 --> 00:19:26,493
area on the next

690
00:19:26,493 --> 00:19:27,701
page starts

691
00:19:27,701 --> 00:19:30,884
with the police station. And

692
00:19:30,884 --> 00:19:36,448
let's see.

693
00:19:36,448 --> 00:19:37,674
Again, this

694
00:19:37,674 --> 00:19:39,281
group insurance is

695
00:19:39,281 --> 00:19:40,931
growing thanks to this 15

696
00:19:40,931 --> 00:19:42,004
% for the budget.

697
00:19:42,004 --> 00:19:43,056
I hope this won't

698
00:19:43,056 --> 00:19:44,338
be our actual

699
00:19:44,338 --> 00:19:45,259
expenses, but we

700
00:19:45,259 --> 00:19:46,542
plan for it in the budget

701
00:19:46,542 --> 00:19:47,346
. And everything else

702
00:19:47,346 --> 00:19:48,088
remained

703
00:19:48,088 --> 00:19:50,341
stable. So, uh,

704
00:19:50,341 --> 00:19:52,006
besides that, I think, oh,

705
00:19:52,006 --> 00:19:57,686
no, this top line.

706
00:19:57,686 --> 00:19:58,448
You will see the

707
00:19:58,448 --> 00:19:59,799
salary increase, the

708
00:19:59,799 --> 00:20:02,806
top two lines.

709
00:20:02,806 --> 00:20:03,577
Overtime

710
00:20:03,577 --> 00:20:04,225
will remain

711
00:20:04,225 --> 00:20:08,811
unchanged. So, yeah,

712
00:20:08,811 --> 00:20:10,211
I think it's just

713
00:20:10,211 --> 00:20:11,401
insurance that has

714
00:20:11,401 --> 00:20:16,136
raised this issue a little bit. Are there

715
00:20:16,136 --> 00:20:21,691
any more questions?

716
00:20:21,691 --> 00:20:22,662
How much does the police

717
00:20:22,662 --> 00:20:23,602
pay for their

718
00:20:23,602 --> 00:20:26,548
insurance?

719
00:20:26,548 --> 00:20:28,648
They pay 20%.

720
00:20:28,648 --> 00:20:33,612
Mhm. Yes.

721
00:20:33,612 --> 00:20:34,916
But this year we've had

722
00:20:34,916 --> 00:20:35,973
some

723
00:20:35,973 --> 00:20:37,277
changes, I would say

724
00:20:37,277 --> 00:20:38,475
at least four

725
00:20:38,475 --> 00:20:42,088
changes

726
00:20:42,088 --> 00:20:43,233
or maybe even

727
00:20:43,233 --> 00:20:43,976
more people

728
00:20:43,976 --> 00:20:45,183
increasing their plan

729
00:20:45,183 --> 00:20:49,062
from employee to family.

730
00:20:49,062 --> 00:20:50,310
So we had a few of

731
00:20:50,310 --> 00:20:51,495
those changes, which also

732
00:20:51,495 --> 00:20:52,264
contributes to that

733
00:20:52,264 --> 00:20:58,205
increase. So, they have a few...

734
00:20:58,205 --> 00:20:59,064
They should

735
00:20:59,064 --> 00:21:01,393
get the full

736
00:21:01,393 --> 00:21:04,011
20%. The city still

737
00:21:04,011 --> 00:21:05,293
pays 80%.

738
00:21:05,293 --> 00:21:06,833
Mhm.

739
00:21:06,833 --> 00:21:07,827
Yes, but the cost of

740
00:21:07,827 --> 00:21:09,039
this simply increases

741
00:21:09,039 --> 00:21:10,065
for the employee and

742
00:21:10,065 --> 00:21:16,382
the city. So.

743
00:21:16,382 --> 00:21:17,359
Okay, and then we

744
00:21:17,359 --> 00:21:18,675
mentioned earlier about the

745
00:21:18,675 --> 00:21:19,990
fire zone, which has

746
00:21:19,990 --> 00:21:20,900
certain funds for

747
00:21:20,900 --> 00:21:21,642
supplies and

748
00:21:21,642 --> 00:21:25,552
insurance. And then

749
00:21:26,546 --> 00:21:29,939
equipment maintenance. So it

750
00:21:29,939 --> 00:21:31,930
remains about the

751
00:21:31,968 --> 00:21:33,384
same as last

752
00:21:33,384 --> 00:21:34,226
year, and then

753
00:21:34,226 --> 00:21:35,145
similarly with the

754
00:21:35,145 --> 00:21:36,677
public

755
00:21:36,677 --> 00:21:38,208
safety building, you know, we

756
00:21:38,208 --> 00:21:39,203
had 25 and 26 to

757
00:21:39,203 --> 00:21:40,620
see what those

758
00:21:40,620 --> 00:21:44,958
actual costs are, and

759
00:21:44,958 --> 00:21:46,318
so...I think we're

760
00:21:46,318 --> 00:21:47,527
budgeting

761
00:21:47,527 --> 00:21:49,155
as best we can.

762
00:21:49,155 --> 00:21:50,574
Let's say it

763
00:21:50,574 --> 00:22:03,692
increased by 10,000.

764
00:22:03,692 --> 00:22:04,887
Generator, oh, for the

765
00:22:04,887 --> 00:22:06,916
building. Is that what you

766
00:22:06,916 --> 00:22:08,297
mean? I think

767
00:22:08,297 --> 00:22:09,089
I probably

768
00:22:09,089 --> 00:22:10,410
need to add this to the

769
00:22:10,410 --> 00:22:11,532
capital

770
00:22:11,532 --> 00:22:13,363
expenditure plan. Regarding the

771
00:22:13,363 --> 00:22:14,076
dual

772
00:22:14,076 --> 00:22:18,934
generator, yes. Yeah,

773
00:22:18,934 --> 00:22:20,225
I don't know what

774
00:22:20,225 --> 00:22:21,788
stage he's at with this. I

775
00:22:21,788 --> 00:22:23,247
know he got a

776
00:22:23,247 --> 00:22:24,628
price quote,

777
00:22:24,628 --> 00:22:29,673
maybe from...Okay.

778
00:22:29,673 --> 00:22:30,974
Yes, I'm making a note,

779
00:22:30,974 --> 00:22:32,104
and I don't think it's

780
00:22:32,104 --> 00:22:33,062
in the capital expenditure plan right now

781
00:22:33,062 --> 00:22:34,329
,

782
00:22:34,329 --> 00:22:35,219
but it probably

783
00:22:35,219 --> 00:22:37,471
needs to be added. So

784
00:22:37,471 --> 00:22:38,777
...I think the cost of

785
00:22:38,777 --> 00:22:39,626
this requires

786
00:22:39,626 --> 00:22:40,671
capital, not

787
00:22:40,671 --> 00:22:41,683
operating

788
00:22:41,683 --> 00:22:44,784
costs. Yes. Okay,

789
00:22:44,784 --> 00:23:01,597
thank you. Christo, do you have

790
00:23:01,597 --> 00:23:03,395
this file open?

791
00:23:03,395 --> 00:23:04,226
Can you

792
00:23:04,226 --> 00:23:05,202
check if the

793
00:23:05,202 --> 00:23:06,359
total budget

794
00:23:06,359 --> 00:23:07,966
has been increased by 10,000?

795
00:23:07,966 --> 00:23:11,386
Sorry. Good. Yeah,

796
00:23:11,386 --> 00:23:12,512
so I guess we

797
00:23:12,512 --> 00:23:13,976
don't have a total

798
00:23:13,976 --> 00:23:15,337
for...Oh, we do. 27,500.

799
00:23:15,337 --> 00:23:16,761
So, really, it's the

800
00:23:16,761 --> 00:23:17,793
same budget for

801
00:23:17,793 --> 00:23:18,505
fire and

802
00:23:18,505 --> 00:23:19,887
public safety.

803
00:23:19,887 --> 00:23:21,058
Excuse my eyes...And

804
00:23:21,058 --> 00:23:22,398
then you'll see our

805
00:23:22,398 --> 00:23:23,670
overall

806
00:23:23,670 --> 00:23:24,976
budget increase of about

807
00:23:24,976 --> 00:23:29,489
$10,000. And then,

808
00:23:29,489 --> 00:23:30,426
Tristo, do

809
00:23:30,426 --> 00:23:32,186
the numbers already show a 3%

810
00:23:32,186 --> 00:23:33,722
increase?

811
00:23:33,722 --> 00:23:36,926
Right. So, the

812
00:23:36,926 --> 00:23:38,298
salary increase is

813
00:23:38,298 --> 00:23:39,518
still at 3%,

814
00:23:39,518 --> 00:23:40,777
so you have a frame

815
00:23:40,777 --> 00:23:46,967
above. With respect to

816
00:23:46,967 --> 00:23:48,212
general

817
00:23:48,212 --> 00:23:53,743
fund revenues, you will recall

818
00:23:53,743 --> 00:24:00,028
that we previously

819
00:24:00,028 --> 00:24:03,388
discussed

820
00:24:03,388 --> 00:24:05,062
increasing the statutory levy

821
00:24:05,062 --> 00:24:06,873
by 6% instead of 4%.

822
00:24:06,873 --> 00:24:08,593
As I mentioned, this is

823
00:24:08,593 --> 00:24:10,087
an increase of

824
00:24:10,087 --> 00:24:12,213
$30,500 between them.

825
00:24:12,213 --> 00:24:13,548
So, $30,000

826
00:24:13,548 --> 00:24:14,487
more than you

827
00:24:14,487 --> 00:24:15,859
expected compared

828
00:24:15,859 --> 00:24:18,113
to last year.

829
00:24:18,113 --> 00:24:19,526
However, this figure has

830
00:24:19,526 --> 00:24:20,763
not yet decreased due to the

831
00:24:20,763 --> 00:24:22,000
shutdown effect,

832
00:24:22,000 --> 00:24:23,167
so we need

833
00:24:23,167 --> 00:24:24,510
to be careful

834
00:24:24,510 --> 00:24:25,605
not to just run away

835
00:24:25,605 --> 00:24:26,948
from here, praising ourselves

836
00:24:26,948 --> 00:24:28,221
for winning the

837
00:24:28,221 --> 00:24:32,049
entire $30,530.

838
00:24:32,049 --> 00:24:34,190
However, overall, as far as the

839
00:24:34,231 --> 00:24:35,564
general fund is concerned,

840
00:24:35,564 --> 00:24:37,140
our miscellaneous income, on a

841
00:24:37,140 --> 00:24:38,312
conservative

842
00:24:38,312 --> 00:24:39,121
estimate,

843
00:24:39,121 --> 00:24:40,212
will be

844
00:24:40,212 --> 00:24:41,384
around 760,000. This

845
00:24:41,384 --> 00:24:42,838
includes bank

846
00:24:42,838 --> 00:24:43,566
interest,

847
00:24:43,566 --> 00:24:44,940
various other

848
00:24:44,940 --> 00:24:48,489
things for which you

849
00:24:48,489 --> 00:24:51,133
collect various fees.

850
00:24:51,133 --> 00:24:51,988
This also now

851
00:24:51,988 --> 00:24:54,334
includes the 200,000 from the construction fund that

852
00:24:54,366 --> 00:24:55,317
we talked about, which

853
00:24:55,317 --> 00:24:56,300
will go towards the new

854
00:24:56,300 --> 00:24:57,536
construction and

855
00:24:57,536 --> 00:24:59,623
building fund. A

856
00:24:59,623 --> 00:25:00,725
new levy is expected

857
00:25:00,725 --> 00:25:01,999
for the general

858
00:25:01,999 --> 00:25:03,171
fund because that

859
00:25:03,171 --> 00:25:04,514
total increase

860
00:25:04,514 --> 00:25:06,547
I mentioned of 30,000 is

861
00:25:06,581 --> 00:25:07,821
prorated among

862
00:25:07,821 --> 00:25:08,717
your three

863
00:25:08,717 --> 00:25:09,509
funds that

864
00:25:09,509 --> 00:25:10,853
receive

865
00:25:10,853 --> 00:25:11,921
property taxes: the general

866
00:25:11,921 --> 00:25:13,161
fund, the MVH fund, and the

867
00:25:13,161 --> 00:25:16,178
parks fund.

868
00:25:16,178 --> 00:25:17,345
The general fund

869
00:25:17,345 --> 00:25:18,720
receives, hmm, almost

870
00:25:18,720 --> 00:25:19,929
not bad, a little

871
00:25:19,929 --> 00:25:20,888
over 50% of the

872
00:25:20,888 --> 00:25:23,929
total collection. But

873
00:25:23,929 --> 00:25:24,756
the bottom line is that

874
00:25:24,756 --> 00:25:25,552
overall, the new

875
00:25:25,552 --> 00:25:26,746
maximum levy to the

876
00:25:26,746 --> 00:25:27,726
general fund

877
00:25:27,726 --> 00:25:28,767
will be just

878
00:25:28,767 --> 00:25:29,870
over 900,000. Again, that's

879
00:25:29,870 --> 00:25:30,788
before

880
00:25:30,788 --> 00:25:31,738
deducting any

881
00:25:31,738 --> 00:25:32,932
circuit breakers

882
00:25:32,932 --> 00:25:36,641
. Without calculating

883
00:25:36,641 --> 00:25:37,619
circuit

884
00:25:37,619 --> 00:25:39,068
breakers, your income

885
00:25:39,068 --> 00:25:40,398
will be a little

886
00:25:40,398 --> 00:25:41,455
over 1,600,000. And

887
00:25:41,455 --> 00:25:42,395
looking at

888
00:25:42,395 --> 00:25:43,922
our total

889
00:25:43,922 --> 00:25:44,822
budget, which

890
00:25:44,822 --> 00:25:45,996
is a little

891
00:25:45,996 --> 00:25:46,975
under 1,600,000, I'm

892
00:25:46,975 --> 00:25:48,228
sure this

893
00:25:48,228 --> 00:25:49,598
budget will be quite

894
00:25:49,598 --> 00:25:54,768
balanced. Um,

895
00:25:54,768 --> 00:25:56,219
mathematically, uh, there's an

896
00:25:56,219 --> 00:25:57,882
80% difference, sorry,

897
00:25:57,882 --> 00:25:59,119
$80,000 between

898
00:25:59,119 --> 00:26:00,356
the projected

899
00:26:00,356 --> 00:26:01,295
revenues before the

900
00:26:01,295 --> 00:26:02,361
circuit

901
00:26:02,361 --> 00:26:04,067
breakers and the budget

902
00:26:04,067 --> 00:26:07,462
that's listed here.

903
00:26:07,462 --> 00:26:08,674
So, circuit

904
00:26:08,674 --> 00:26:09,776
breakers

905
00:26:09,776 --> 00:26:11,098
could well add close

906
00:26:11,098 --> 00:26:12,494
to 80,000 to the general

907
00:26:12,494 --> 00:26:14,598
fund. We have 63,000 for

908
00:26:14,598 --> 00:26:16,659
this year. We expect

909
00:26:16,659 --> 00:26:18,358
them to increase slightly

910
00:26:18,391 --> 00:26:19,208
based on changes in

911
00:26:19,208 --> 00:26:22,077
deductions. So I

912
00:26:22,077 --> 00:26:23,473
believe this budget

913
00:26:23,473 --> 00:26:24,476
can be safely

914
00:26:24,476 --> 00:26:28,728
adopted. If we

915
00:26:28,728 --> 00:26:30,011
reduced the raise by

916
00:26:30,011 --> 00:26:31,327
maybe two or two

917
00:26:31,327 --> 00:26:32,643
and a half percent,

918
00:26:32,643 --> 00:26:33,893
that would save some

919
00:26:33,893 --> 00:26:34,946
money that could be

920
00:26:34,946 --> 00:26:35,900
kept in

921
00:26:35,900 --> 00:26:36,624
cash until

922
00:26:36,624 --> 00:26:41,919
next year. But

923
00:26:41,919 --> 00:26:43,052
I don't think the change in

924
00:26:43,052 --> 00:26:44,059
the fee next

925
00:26:44,059 --> 00:26:45,318
year will be as

926
00:26:45,318 --> 00:26:46,451
drastic as it was from

927
00:26:46,451 --> 00:26:47,426
last year before

928
00:26:47,426 --> 00:26:48,654
this, when we first

929
00:26:48,654 --> 00:26:49,913
started implementing

930
00:26:49,913 --> 00:26:52,537
the deduction. So I

931
00:26:52,537 --> 00:26:53,669
agree with the

932
00:26:53,669 --> 00:26:55,204
general fund budget. Uh,

933
00:26:55,204 --> 00:26:55,719
we'll have

934
00:26:55,719 --> 00:26:56,778
debt service

935
00:26:56,778 --> 00:26:57,702
, which will be collected from

936
00:26:57,702 --> 00:26:58,760
property taxes, but

937
00:26:58,760 --> 00:26:59,765
that's completely separate

938
00:26:59,765 --> 00:27:00,607
from the rest of your

939
00:27:00,607 --> 00:27:03,485
collection. The MVH Foundation, uh,

940
00:27:03,485 --> 00:27:05,130
receives a

941
00:27:05,130 --> 00:27:07,313
gasoline tax. Uh, you

942
00:27:07,313 --> 00:27:08,701
remember we had

943
00:27:08,701 --> 00:27:10,054
some conversation about the

944
00:27:10,054 --> 00:27:11,234
governor, uh,

945
00:27:11,234 --> 00:27:12,622
suspending it for us

946
00:27:12,622 --> 00:27:13,802
as consumers, but

947
00:27:13,802 --> 00:27:15,884
still using the

948
00:27:15,919 --> 00:27:16,960
state's remaining cash to then

949
00:27:16,960 --> 00:27:18,140
rebuild the local

950
00:27:18,140 --> 00:27:19,528
units. We expect

951
00:27:19,528 --> 00:27:20,829
this to continue, uh

952
00:27:20,829 --> 00:27:22,164
, even with his new

953
00:27:22,164 --> 00:27:24,766
declaration of a new state of emergency

954
00:27:24,766 --> 00:27:28,926
. Uh, overall, the

955
00:27:28,967 --> 00:27:29,579
MVH fund's revenues are expected

956
00:27:29,579 --> 00:27:31,130
to be just

957
00:27:31,130 --> 00:27:32,272
under 550,000, and we'll

958
00:27:32,272 --> 00:27:33,455
compare that to the

959
00:27:33,455 --> 00:27:34,802
MVH fund's budget

960
00:27:34,802 --> 00:27:35,944
when we

961
00:27:35,944 --> 00:27:37,413
exchange our

962
00:27:37,413 --> 00:27:41,630
worksheets in a moment.

963
00:27:41,630 --> 00:27:42,445
I have a

964
00:27:42,445 --> 00:27:43,621
revenue forecast for the parks, and

965
00:27:43,621 --> 00:27:44,707
we'll get to

966
00:27:44,707 --> 00:27:45,914
that as well when we move

967
00:27:45,914 --> 00:27:47,229
to our new sheet. I

968
00:27:47,229 --> 00:27:48,739
got a little ahead of myself,

969
00:27:48,739 --> 00:27:52,705
but overall, with

970
00:27:52,705 --> 00:27:53,151
some

971
00:27:53,151 --> 00:27:54,220
adjustments to

972
00:27:54,220 --> 00:27:54,992
planning and

973
00:27:54,992 --> 00:27:56,151
building with the

974
00:27:56,151 --> 00:27:58,112
construction fund, I think

975
00:27:58,141 --> 00:27:59,330
I'm in pretty good

976
00:27:59,330 --> 00:28:07,588
shape with this first sheet.

977
00:28:07,588 --> 00:28:08,970
Yes, it's in these, and we

978
00:28:08,970 --> 00:28:11,889
did it. Yes. Hmm. Yes,

979
00:28:11,889 --> 00:28:13,333
instead of five, we

980
00:28:13,333 --> 00:28:15,209
made 10. Instead of 5,000,

981
00:28:15,209 --> 00:28:16,749
we made 10,000 for the

982
00:28:16,749 --> 00:28:18,277
fire. Yes. Yes.

983
00:28:18,277 --> 00:28:20,203
Last year it was

984
00:28:20,203 --> 00:28:22,575
around 4,800, so.

985
00:28:22,575 --> 00:28:23,880
Based on the number of

986
00:28:23,880 --> 00:28:27,260
volunteers. Yes, we

987
00:28:27,260 --> 00:28:30,946
do. Okay, so

988
00:28:30,946 --> 00:28:31,740
let's move on to the

989
00:28:31,740 --> 00:28:32,900
next package,

990
00:28:32,900 --> 00:28:34,059
which starts with the

991
00:28:34,059 --> 00:28:35,052
riverboat

992
00:28:35,052 --> 00:28:38,633
at the top. The only change

993
00:28:38,633 --> 00:28:40,290
is the lobbyist, and then

994
00:28:40,290 --> 00:28:41,763
our planned

995
00:28:41,763 --> 00:28:43,605
capital increases

996
00:28:43,605 --> 00:28:48,669
from 16,500 to 30,000. Um,

997
00:28:48,669 --> 00:28:49,772
rainy day... Um,

998
00:28:49,772 --> 00:28:51,131
unallocated funds

999
00:28:51,131 --> 00:28:52,565
... we'll incur another

1000
00:28:52,565 --> 00:28:53,998
expense in this fund,

1001
00:28:53,998 --> 00:28:58,330
but... uh, we'll just

1002
00:28:58,330 --> 00:28:59,401
make an additional

1003
00:28:59,401 --> 00:29:00,599
appropriation when those

1004
00:29:00,599 --> 00:29:05,210
expenses occur.

1005
00:29:05,210 --> 00:29:06,379
And this is under an agreement with

1006
00:29:06,379 --> 00:29:09,133
Michigan City. So, uh,

1007
00:29:09,133 --> 00:29:10,219
luckily we have

1008
00:29:10,219 --> 00:29:11,304
enough to

1009
00:29:11,304 --> 00:29:13,243
pay. We...That

1010
00:29:13,243 --> 00:29:17,632
was...Uh, thank you. Yes.

1011
00:29:17,632 --> 00:29:20,881
Um, okay. And then

1012
00:29:20,881 --> 00:29:22,035
our GO bonds

1013
00:29:22,035 --> 00:29:23,374
expire after

1014
00:29:23,374 --> 00:29:25,847
this year. We'll

1015
00:29:25,847 --> 00:29:26,980
make another

1016
00:29:26,980 --> 00:29:29,760
payment, uh, in December.

1017
00:29:29,760 --> 00:29:31,030
And then, when right under

1018
00:29:31,030 --> 00:29:31,538
that is the

1019
00:29:31,538 --> 00:29:32,808
debt service

1020
00:29:32,808 --> 00:29:33,444
for the

1021
00:29:33,444 --> 00:29:34,619
public safety building

1022
00:29:34,619 --> 00:29:35,635
...the levy will start to

1023
00:29:35,635 --> 00:29:38,043
cover it. And Tristo,

1024
00:29:38,043 --> 00:29:39,476
correct me if I'm

1025
00:29:39,476 --> 00:29:40,652
wrong or you

1026
00:29:40,652 --> 00:29:41,975
want to add something,

1027
00:29:41,975 --> 00:29:43,445
but you'll see that we've

1028
00:29:43,445 --> 00:29:44,400
zeroed out the

1029
00:29:44,400 --> 00:29:45,796
GO bond fund, the principal

1030
00:29:45,796 --> 00:29:46,715
amount of the debt, and the

1031
00:29:46,715 --> 00:29:48,938
interest. And then we're

1032
00:29:48,938 --> 00:29:50,228
actually going to

1033
00:29:50,228 --> 00:29:51,315
rename...I

1034
00:29:51,315 --> 00:29:52,571
think you named it

1035
00:29:52,571 --> 00:29:53,387
here, but I

1036
00:29:53,387 --> 00:29:54,541
need to create

1037
00:29:54,541 --> 00:29:55,900
lines in Cassella...uh,

1038
00:29:55,900 --> 00:29:57,020
for this lease

1039
00:29:57,020 --> 00:29:59,340
bond. I think

1040
00:29:59,340 --> 00:30:00,564
Tristo, we said

1041
00:30:00,564 --> 00:30:01,451
it's not really

1042
00:30:01,451 --> 00:30:02,338
principal and

1043
00:30:02,338 --> 00:30:04,703
interest? This is

1044
00:30:04,736 --> 00:30:06,090
rental debt service. It's just a

1045
00:30:06,090 --> 00:30:07,581
rental payment. Yes.

1046
00:30:07,581 --> 00:30:11,367
So, that's right.

1047
00:30:11,367 --> 00:30:12,099
Construction

1048
00:30:12,099 --> 00:30:13,567
corporation, yes.

1049
00:30:13,567 --> 00:30:17,296
Yes, so I'll update

1050
00:30:17,296 --> 00:30:18,668
those lines, but you'll

1051
00:30:18,668 --> 00:30:20,277
see that 262 is the

1052
00:30:20,277 --> 00:30:21,461
amount according to the

1053
00:30:21,461 --> 00:30:23,259
debt schedule for

1054
00:30:23,259 --> 00:30:25,101
2027.

1055
00:30:25,101 --> 00:30:26,482
So, initially, until

1056
00:30:26,482 --> 00:30:27,714
the bond was

1057
00:30:27,714 --> 00:30:28,573
repaid, we

1058
00:30:28,573 --> 00:30:29,693
only paid

1059
00:30:29,693 --> 00:30:31,223
interest for 2027. We

1060
00:30:31,223 --> 00:30:32,345
start playing "

1061
00:30:32,345 --> 00:30:33,086
pay it forward."

1062
00:30:33,086 --> 00:30:38,146
Yes. The time has come. Okay

1063
00:30:38,146 --> 00:30:41,347
. Right. It is what it is

1064
00:30:41,347 --> 00:30:43,367
. Yes.

1065
00:30:43,367 --> 00:30:45,000
Hmm. It's

1066
00:30:45,000 --> 00:30:45,972
just...

1067
00:30:45,972 --> 00:30:47,623
No, it's rent.

1068
00:30:47,623 --> 00:30:48,876
So, this is the principal amount plus

1069
00:30:48,876 --> 00:30:50,130
interest plus a

1070
00:30:50,130 --> 00:30:53,864
small fee.

1071
00:30:53,864 --> 00:30:55,106
Good. And then we

1072
00:30:55,106 --> 00:30:56,053
move to the

1073
00:30:56,053 --> 00:30:58,650
community center.

1074
00:30:58,650 --> 00:31:01,672
And the only big one...Well,

1075
00:31:01,672 --> 00:31:02,417
we had to

1076
00:31:02,417 --> 00:31:03,629
increase our

1077
00:31:03,629 --> 00:31:04,002
gas and

1078
00:31:04,002 --> 00:31:05,166
electricity costs.

1079
00:31:05,166 --> 00:31:06,413
Unfortunately, this is what eats up

1080
00:31:06,413 --> 00:31:07,659
half of those funds,

1081
00:31:07,659 --> 00:31:08,938
uh, any income

1082
00:31:08,938 --> 00:31:14,033
they bring in.

1083
00:31:14,033 --> 00:31:14,994
Uh, you'll see this

1084
00:31:14,994 --> 00:31:15,984
very large number –

1085
00:31:15,984 --> 00:31:16,606
almost 49,000. And the

1086
00:31:16,606 --> 00:31:17,568
community center

1087
00:31:17,568 --> 00:31:18,642
has taken great steps

1088
00:31:18,642 --> 00:31:19,434
to try to

1089
00:31:19,434 --> 00:31:20,282
control this

1090
00:31:20,282 --> 00:31:21,677
number. Uh, which, to be honest

1091
00:31:21,677 --> 00:31:23,276
, always goes on

1092
00:31:23,276 --> 00:31:25,243
. Uh, but the tenants

1093
00:31:25,243 --> 00:31:26,382
also tried

1094
00:31:26,382 --> 00:31:28,004
to help. And we

1095
00:31:28,004 --> 00:31:29,683
increased the

1096
00:31:29,683 --> 00:31:31,509
rent, I think, by 5%

1097
00:31:31,509 --> 00:31:34,868
at the beginning of 2026. And

1098
00:31:34,868 --> 00:31:35,795
Mark could

1099
00:31:35,795 --> 00:31:36,689
let us know if

1100
00:31:36,689 --> 00:31:37,913
they plan to

1101
00:31:37,913 --> 00:31:39,105
increase it again, this

1102
00:31:39,105 --> 00:31:40,231
year, as you know,

1103
00:31:40,231 --> 00:31:41,025
our costs

1104
00:31:41,025 --> 00:31:42,316
continue to increase

1105
00:31:42,316 --> 00:31:46,628
. And then the same

1106
00:31:46,628 --> 00:31:48,044
expenses that always are,

1107
00:31:48,044 --> 00:31:49,282
with one change: we

1108
00:31:49,282 --> 00:31:50,450
will pay for

1109
00:31:50,450 --> 00:31:52,916
building repairs. This 6000, the

1110
00:31:52,916 --> 00:31:54,661
last line on this

1111
00:31:54,661 --> 00:31:56,013
page, will be

1112
00:31:56,013 --> 00:31:57,714
paid, it seems, from

1113
00:31:57,714 --> 00:32:00,306
C or CCD. Again,

1114
00:32:00,306 --> 00:32:01,244
because this fund

1115
00:32:01,244 --> 00:32:02,402
simply doesn't generate

1116
00:32:02,402 --> 00:32:05,249
enough revenue. And

1117
00:32:05,249 --> 00:32:08,106
these are truly

1118
00:32:08,106 --> 00:32:09,161
capital items

1119
00:32:09,161 --> 00:32:10,154
for the community

1120
00:32:10,154 --> 00:32:11,669
center. And in the

1121
00:32:11,669 --> 00:32:12,902
capital plan

1122
00:32:12,902 --> 00:32:13,759
this year, they are

1123
00:32:13,759 --> 00:32:15,061
allowed to spend

1124
00:32:15,061 --> 00:32:16,397
up to 100,000. I think we

1125
00:32:16,397 --> 00:32:17,733
can look at

1126
00:32:17,733 --> 00:32:18,727
our balances for

1127
00:32:18,727 --> 00:32:19,720
next year and

1128
00:32:19,720 --> 00:32:21,091
see if

1129
00:32:21,091 --> 00:32:22,187
we can keep that at

1130
00:32:22,187 --> 00:32:23,523
100 for next

1131
00:32:23,523 --> 00:32:24,551
year or if we need to

1132
00:32:24,551 --> 00:32:25,611
reduce it a little bit.

1133
00:32:25,611 --> 00:32:26,421
Depending on

1134
00:32:26,421 --> 00:32:27,599
legislation and

1135
00:32:27,599 --> 00:32:28,961
starting in 2029,

1136
00:32:28,961 --> 00:32:29,992
it will likely

1137
00:32:29,992 --> 00:32:31,492
have to be reduced.

1138
00:32:31,492 --> 00:32:33,307
You know, we're going to have to

1139
00:32:33,342 --> 00:32:34,529
restrict

1140
00:32:34,529 --> 00:32:35,785
some of our spending a little more strictly,

1141
00:32:35,785 --> 00:32:37,344
if that's the case. Therefore.

1142
00:32:37,344 --> 00:32:38,208
You're still

1143
00:32:38,208 --> 00:32:39,382
dealing with the H cases

1144
00:32:39,382 --> 00:32:39,915
that you...

1145
00:32:39,915 --> 00:32:40,759
Yeah, they're going to

1146
00:32:40,759 --> 00:32:41,581
do...I think

1147
00:32:41,581 --> 00:32:42,403
heat pumps one

1148
00:32:42,403 --> 00:32:42,892
or two of them

1149
00:32:42,892 --> 00:32:43,781
are being installed this

1150
00:32:43,781 --> 00:32:44,619
week. So, that's

1151
00:32:44,619 --> 00:32:45,803
about...I think

1152
00:32:45,803 --> 00:32:46,658
they cost

1153
00:32:46,658 --> 00:32:49,501
about 20,000 each. Um,

1154
00:32:49,501 --> 00:32:50,553
I mean, it's going to be...I

1155
00:32:50,553 --> 00:32:51,503
think they've already

1156
00:32:51,503 --> 00:32:52,759
spent about 20

1157
00:32:52,759 --> 00:32:53,913
this year, so...

1158
00:32:53,913 --> 00:32:54,795
They usually

1159
00:32:54,795 --> 00:32:56,085
install a lot

1160
00:32:56,085 --> 00:32:56,900
less, and they've

1161
00:32:56,900 --> 00:32:57,918
done some

1162
00:32:57,918 --> 00:32:58,936
really good

1163
00:32:58,936 --> 00:33:00,090
projects, like the

1164
00:33:00,090 --> 00:33:01,447
walkway up there and...these

1165
00:33:01,447 --> 00:33:05,004
planters. They did

1166
00:33:05,004 --> 00:33:06,275
some roof work,

1167
00:33:06,275 --> 00:33:07,398
painting. They

1168
00:33:07,398 --> 00:33:08,201
got...We

1169
00:33:08,201 --> 00:33:09,473
got the building

1170
00:33:09,473 --> 00:33:10,376
commission from that

1171
00:33:10,376 --> 00:33:11,447
room, which is three, and the

1172
00:33:11,447 --> 00:33:12,753
actual tenant,

1173
00:33:12,753 --> 00:33:14,024
so they renovated that

1174
00:33:14,024 --> 00:33:17,092
room. Um, Sue

1175
00:33:17,092 --> 00:33:18,467
Wissing and her friend

1176
00:33:18,467 --> 00:33:19,841
regularly

1177
00:33:19,841 --> 00:33:21,112
rent out another room at the sale, and

1178
00:33:21,112 --> 00:33:21,868
she's a great

1179
00:33:21,868 --> 00:33:23,174
tenant...um, so it's

1180
00:33:23,174 --> 00:33:25,532
good there.

1181
00:33:25,532 --> 00:33:26,862
It will be expensive, right

1182
00:33:26,862 --> 00:33:28,939
? Because I

1183
00:33:28,939 --> 00:33:31,860
talk and talk.

1184
00:33:31,860 --> 00:33:32,712
Speaking of

1185
00:33:32,712 --> 00:33:34,444
technical stuff...

1186
00:33:34,444 --> 00:33:35,557
Yes, they do

1187
00:33:35,557 --> 00:33:37,049
track. This is a great

1188
00:33:37,049 --> 00:33:39,936
team of volunteers.

1189
00:33:39,936 --> 00:33:41,051
Um, what do they

1190
00:33:41,051 --> 00:33:43,040
call themselves? Not a committee

1191
00:33:43,040 --> 00:33:46,619
. This...Yeah, I can't

1192
00:33:46,619 --> 00:33:47,795
remember. Anita would

1193
00:33:47,795 --> 00:33:49,062
know if she were here,

1194
00:33:49,062 --> 00:33:50,395
but they do a very

1195
00:33:50,395 --> 00:33:52,781
good job. So, this is a

1196
00:33:52,781 --> 00:33:58,659
community center.

1197
00:33:58,659 --> 00:33:59,971
Next is LRS, and the same with

1198
00:33:59,971 --> 00:34:01,400
salt, and then the

1199
00:34:01,400 --> 00:34:02,481
construction and

1200
00:34:02,481 --> 00:34:07,133
repair line. And then we

1201
00:34:07,133 --> 00:34:08,451
move on to MVH.

1202
00:34:08,451 --> 00:34:09,622
Let me mention a little bit

1203
00:34:09,622 --> 00:34:11,403
about salt.

1204
00:34:11,403 --> 00:34:12,621
So, Mark seems to

1205
00:34:12,621 --> 00:34:13,904
have already mentioned to the council the

1206
00:34:13,904 --> 00:34:15,155
exclusion of La

1207
00:34:15,155 --> 00:34:17,303
Porte County from the statewide

1208
00:34:17,335 --> 00:34:18,393
salt supply contract negotiations

1209
00:34:18,393 --> 00:34:20,893
. He is

1210
00:34:20,893 --> 00:34:22,071
working diligently to

1211
00:34:22,071 --> 00:34:23,187
try to achieve

1212
00:34:23,187 --> 00:34:24,117
some economies of

1213
00:34:24,117 --> 00:34:25,140
scale with other

1214
00:34:25,140 --> 00:34:26,194
La Porte communities

1215
00:34:26,194 --> 00:34:26,752
that are also

1216
00:34:26,752 --> 00:34:27,961
in the

1217
00:34:27,961 --> 00:34:28,997
same position. We

1218
00:34:28,997 --> 00:34:30,468
expect that costs will

1219
00:34:30,468 --> 00:34:33,439
likely increase.

1220
00:34:33,439 --> 00:34:34,562
Um, we're hesitant

1221
00:34:34,562 --> 00:34:35,761
to allocate too

1222
00:34:35,761 --> 00:34:37,072
much from LRS because

1223
00:34:37,072 --> 00:34:38,196
that revenue is a very

1224
00:34:38,196 --> 00:34:41,621
static amount. That's a

1225
00:34:41,621 --> 00:34:43,151
good projection, but the

1226
00:34:43,151 --> 00:34:44,519
state projects

1227
00:34:44,519 --> 00:34:45,848
it will

1228
00:34:45,848 --> 00:34:47,056
be

1229
00:34:47,056 --> 00:34:48,743
$30,016 next year. Um, so you

1230
00:34:48,743 --> 00:34:49,925
can see that we've

1231
00:34:49,925 --> 00:34:51,172
budgeted 26,000. There

1232
00:34:51,172 --> 00:34:52,418
's also some cash in the fund

1233
00:34:52,418 --> 00:34:53,601
if we

1234
00:34:53,601 --> 00:34:55,870
need it, but the point is that

1235
00:34:55,902 --> 00:34:56,892
there's a little bit of

1236
00:34:56,892 --> 00:34:58,011
leeway in that fund that we

1237
00:34:58,011 --> 00:34:59,162
intentionally leave

1238
00:34:59,162 --> 00:35:00,408
as a backup

1239
00:35:00,408 --> 00:35:01,814
in case of an

1240
00:35:01,846 --> 00:35:04,053
emergency. When Mike

1241
00:35:04,053 --> 00:35:05,453
goes to MVH in a minute

1242
00:35:05,453 --> 00:35:06,609
, you'll see that the

1243
00:35:06,609 --> 00:35:07,729
salt amount in this

1244
00:35:07,729 --> 00:35:09,095
budget has been increased by

1245
00:35:09,095 --> 00:35:10,495
15,000 to offset

1246
00:35:10,495 --> 00:35:11,825
what we believe

1247
00:35:11,825 --> 00:35:13,121
is a major portion of the

1248
00:35:13,121 --> 00:35:14,241
increase in our

1249
00:35:14,241 --> 00:35:23,357
costs. Yes. Yes.

1250
00:35:23,357 --> 00:35:36,572
This was written about yesterday in the Trib.

1251
00:35:36,572 --> 00:35:38,430
Yes. And he was also

1252
00:35:38,430 --> 00:35:39,388
looking at other

1253
00:35:39,388 --> 00:35:40,379
alternatives, with

1254
00:35:40,379 --> 00:35:41,748
beet juice and, you

1255
00:35:41,748 --> 00:35:42,911
know, different things

1256
00:35:42,911 --> 00:35:44,244
about how to combine

1257
00:35:44,244 --> 00:35:45,442
and try to be

1258
00:35:45,442 --> 00:35:46,639
prepared for the fact that you

1259
00:35:46,639 --> 00:35:47,836
never know what's

1260
00:35:47,836 --> 00:35:49,170
going to be the winner, so

1261
00:35:49,170 --> 00:35:53,843
...

1262
00:35:53,843 --> 00:36:00,886
Okay, I think they were

1263
00:36:00,886 --> 00:36:02,063
waiting for more letters on

1264
00:36:02,063 --> 00:36:03,413
that, but it's

1265
00:36:03,413 --> 00:36:06,679
ongoing. Yes, there is progress

1266
00:36:06,679 --> 00:36:08,736
. I think some

1267
00:36:08,736 --> 00:36:12,880
government...Yes, but...

1268
00:36:12,880 --> 00:36:16,621
Yes, that's right. We

1269
00:36:16,621 --> 00:36:17,949
made a payment to

1270
00:36:17,949 --> 00:36:18,798
secure

1271
00:36:18,798 --> 00:36:21,496
the contractor, I believe.

1272
00:36:21,496 --> 00:36:23,619
Aha. And then, I think,

1273
00:36:23,619 --> 00:36:24,816
it's just waiting for

1274
00:36:24,816 --> 00:36:25,907
some requirements from the

1275
00:36:25,907 --> 00:36:26,754
state for

1276
00:36:26,754 --> 00:36:27,969
Mike's budget.

1277
00:36:27,969 --> 00:36:31,408
Let them

1278
00:36:31,408 --> 00:36:32,091
check

1279
00:36:32,091 --> 00:36:33,229
the sorting or

1280
00:36:33,229 --> 00:36:33,632
something.

1281
00:36:33,632 --> 00:36:37,325
Yes. Yeah, so I think it's

1282
00:36:37,325 --> 00:36:42,229
something with the concrete.

1283
00:36:42,229 --> 00:36:43,598
Okay, so at MVH, as we

1284
00:36:43,598 --> 00:36:44,856
go, you'll see

1285
00:36:44,856 --> 00:36:46,225
all the salaries

1286
00:36:46,225 --> 00:36:51,066
on top and the benefits. Um,

1287
00:36:51,066 --> 00:36:52,255
actually group

1288
00:36:52,255 --> 00:36:53,305
insurance here is

1289
00:36:53,305 --> 00:36:54,669
less than I, I made

1290
00:36:54,669 --> 00:36:55,858
it a little more accurate

1291
00:36:55,858 --> 00:36:57,012
than our actual

1292
00:36:57,012 --> 00:37:02,406
costs here. And then I'll

1293
00:37:02,406 --> 00:37:03,543
just move on to the

1294
00:37:03,543 --> 00:37:04,702
next line.

1295
00:37:04,702 --> 00:37:06,416
You see,

1296
00:37:06,416 --> 00:37:07,521
workers are also

1297
00:37:07,521 --> 00:37:08,465
paid from the

1298
00:37:08,465 --> 00:37:09,473
garbage fund based on a

1299
00:37:09,473 --> 00:37:10,709
percentage of the work

1300
00:37:10,709 --> 00:37:11,718
they do in

1301
00:37:11,718 --> 00:37:12,824
the process, uh,

1302
00:37:12,824 --> 00:37:15,196
too. So the values

1303
00:37:15,196 --> 00:37:16,353
you see here

1304
00:37:16,353 --> 00:37:17,190
are not their entire

1305
00:37:17,190 --> 00:37:18,915
salary. That's most of it

1306
00:37:18,915 --> 00:37:21,740
, 90%, but

1307
00:37:21,740 --> 00:37:25,393
thank you. Um, you'll see

1308
00:37:25,393 --> 00:37:26,513
that the salt line

1309
00:37:26,513 --> 00:37:27,760
that we just talked about

1310
00:37:27,760 --> 00:37:28,911
is just

1311
00:37:28,911 --> 00:37:29,967
above that yellow

1312
00:37:29,967 --> 00:37:31,054
highlighted

1313
00:37:31,054 --> 00:37:32,302
Valparaiso MS4 district, right

1314
00:37:32,302 --> 00:37:33,325
above it–this

1315
00:37:33,325 --> 00:37:36,874
salt line with magnification.

1316
00:37:36,874 --> 00:37:38,178
And then we also

1317
00:37:38,178 --> 00:37:39,657
increased the street

1318
00:37:39,657 --> 00:37:41,397
lighting by 6,000. And that's

1319
00:37:41,397 --> 00:37:44,391
for NIPSCO. You know, we

1320
00:37:44,391 --> 00:37:45,642
pay our

1321
00:37:45,642 --> 00:37:46,859
street

1322
00:37:46,859 --> 00:37:49,285
lighting bills every month. And this, like the

1323
00:37:49,285 --> 00:37:50,173
rest of gas and

1324
00:37:50,173 --> 00:37:51,239
electricity,

1325
00:37:51,239 --> 00:37:58,357
continues to grow.

1326
00:37:58,357 --> 00:38:02,327
Mmm. I bet

1327
00:38:02,327 --> 00:38:03,849
Indiana Michigan Power

1328
00:38:03,849 --> 00:38:05,862
does that. They are lowering

1329
00:38:05,862 --> 00:38:07,122
their rates across the

1330
00:38:07,122 --> 00:38:09,643
region. No, Indiana Michigan

1331
00:38:09,643 --> 00:38:11,819
Northeast Indiana is lowering its

1332
00:38:11,819 --> 00:38:13,811
rates. How much did I

1333
00:38:13,811 --> 00:38:15,420
see? By 5% or something

1334
00:38:15,420 --> 00:38:17,906
like that? By 6%? Whatever it

1335
00:38:17,906 --> 00:38:20,275
is. Since they have

1336
00:38:20,275 --> 00:38:20,971
increased

1337
00:38:20,971 --> 00:38:22,121
production, why

1338
00:38:22,121 --> 00:38:23,181
not extend this to

1339
00:38:23,181 --> 00:38:24,319
their customers? That

1340
00:38:24,319 --> 00:38:25,716
makes sense, doesn't it?

1341
00:38:25,716 --> 00:38:35,199
Really? Really?

1342
00:38:35,199 --> 00:38:36,476
Your

1343
00:38:36,476 --> 00:38:37,065
cable

1344
00:38:37,065 --> 00:38:37,983
TV bill. Yes,

1345
00:38:37,983 --> 00:38:39,241
if you don't have

1346
00:38:39,266 --> 00:38:40,272
cable for

1347
00:38:40,272 --> 00:38:41,027
2 days, you can

1348
00:38:41,027 --> 00:38:41,882
get a credit.

1349
00:38:41,882 --> 00:38:44,739
Mmm.

1350
00:38:44,739 --> 00:38:49,082
Good. So, um, yeah, with

1351
00:38:49,082 --> 00:38:50,418
a few of

1352
00:38:50,418 --> 00:38:51,472
those

1353
00:38:51,472 --> 00:38:52,316
insurance cuts and the

1354
00:38:52,316 --> 00:38:53,687
increased

1355
00:38:53,687 --> 00:38:55,022
salt costs, that fund is 10,000

1356
00:38:55,022 --> 00:38:56,358
more than last

1357
00:38:56,358 --> 00:38:57,729
year, which for the

1358
00:38:57,729 --> 00:39:03,257
salt circumstances isn't as bad

1359
00:39:03,257 --> 00:39:04,469
as it could be, I

1360
00:39:04,469 --> 00:39:05,800
guess. The

1361
00:39:05,800 --> 00:39:07,163
expected income

1362
00:39:07,163 --> 00:39:08,142
would be

1363
00:39:08,142 --> 00:39:09,420
about 545. Um,

1364
00:39:09,420 --> 00:39:10,698
the bulk of

1365
00:39:10,698 --> 00:39:12,317
that is your

1366
00:39:12,317 --> 00:39:15,413
property tax.

1367
00:39:15,413 --> 00:39:17,170
Miscellaneous receipts

1368
00:39:17,170 --> 00:39:17,981
from the state are expected

1369
00:39:17,981 --> 00:39:19,603
to be 50. This is a

1370
00:39:19,603 --> 00:39:21,089
combination of 50,000

1371
00:39:21,089 --> 00:39:22,170
combining MVH and

1372
00:39:22,170 --> 00:39:23,936
limited spending. Uh,

1373
00:39:23,936 --> 00:39:24,963
you see the budget, the

1374
00:39:24,963 --> 00:39:26,151
dark green color is

1375
00:39:26,151 --> 00:39:27,521
also the same. We have

1376
00:39:27,521 --> 00:39:28,866
pooled 25,000 for

1377
00:39:28,866 --> 00:39:30,169
limited MVHs that are

1378
00:39:30,169 --> 00:39:31,598
reserved for

1379
00:39:31,598 --> 00:39:32,775
your

1380
00:39:32,775 --> 00:39:35,197
paving projects. This way,

1381
00:39:35,197 --> 00:39:36,318
your income will be

1382
00:39:36,318 --> 00:39:37,600
online along with your

1383
00:39:37,600 --> 00:39:41,421
expenses, which is great.

1384
00:39:41,421 --> 00:39:42,647
Uh, this will allow for the

1385
00:39:42,647 --> 00:39:43,567
remaining cash to be

1386
00:39:43,567 --> 00:39:44,640
available for

1387
00:39:44,640 --> 00:39:45,682
any urgent

1388
00:39:45,682 --> 00:39:46,878
capital projects

1389
00:39:46,878 --> 00:39:47,859
that arise, as well as

1390
00:39:47,859 --> 00:39:48,994
for

1391
00:39:48,994 --> 00:39:56,640
capital plan revisions.

1392
00:39:56,640 --> 00:39:58,080
Good. Then we have a

1393
00:39:58,080 --> 00:39:59,114
continuation, uh,

1394
00:39:59,114 --> 00:40:00,382
just, you know, we

1395
00:40:00,382 --> 00:40:01,683
have the same budget in

1396
00:40:01,683 --> 00:40:03,017
case the police

1397
00:40:03,017 --> 00:40:04,085
want to spend

1398
00:40:04,085 --> 00:40:06,729
from there. And then we

1399
00:40:06,729 --> 00:40:07,958
move on to the

1400
00:40:07,958 --> 00:40:12,359
park board fund. And, uh,

1401
00:40:12,359 --> 00:40:13,818
Paul Wolzak sent

1402
00:40:13,818 --> 00:40:14,607
me some

1403
00:40:14,607 --> 00:40:18,291
information. Their

1404
00:40:18,291 --> 00:40:19,491
budget, uh, again

1405
00:40:19,491 --> 00:40:21,891
, I reduced their insurance a little bit

1406
00:40:21,925 --> 00:40:23,160
based on

1407
00:40:23,160 --> 00:40:24,531
what our actual

1408
00:40:24,531 --> 00:40:27,319
expenses are for that fund. And

1409
00:40:27,319 --> 00:40:28,453
then, let's say,

1410
00:40:28,453 --> 00:40:29,687
if they get

1411
00:40:29,687 --> 00:40:30,887
new tennis courts,

1412
00:40:30,887 --> 00:40:32,221
maybe our spending

1413
00:40:32,221 --> 00:40:33,289
on that fund will

1414
00:40:33,289 --> 00:40:34,559
go up a little bit again. So

1415
00:40:34,559 --> 00:40:35,121
maybe I'll

1416
00:40:35,121 --> 00:40:36,007
rethink that

1417
00:40:36,007 --> 00:40:37,160
insurance line and get

1418
00:40:37,160 --> 00:40:38,047
some of

1419
00:40:38,047 --> 00:40:39,200
that budget back, now that

1420
00:40:39,200 --> 00:40:41,987
I think about it.

1421
00:40:41,987 --> 00:40:43,378
Um, otherwise,

1422
00:40:43,378 --> 00:40:44,512
it's pretty much the same,

1423
00:40:44,512 --> 00:40:48,719
pretty consistently. So

1424
00:40:48,719 --> 00:40:50,954
, 228 last year, 224

1425
00:40:50,954 --> 00:40:53,737
this year. And then, I

1426
00:40:53,737 --> 00:40:55,083
think, Tristo, what you

1427
00:40:55,083 --> 00:40:56,578
were saying is, do you know what

1428
00:40:56,578 --> 00:40:57,700
their expected

1429
00:40:57,700 --> 00:40:59,443
revenue from the parks is?

1430
00:40:59,443 --> 00:41:00,057
So, we show their

1431
00:41:00,057 --> 00:41:01,170
miscellaneous income

1432
00:41:01,170 --> 00:41:02,340
at

1433
00:41:02,340 --> 00:41:03,160
25, which is really

1434
00:41:03,160 --> 00:41:04,038
just about

1435
00:41:04,038 --> 00:41:04,799
paying for their

1436
00:41:04,799 --> 00:41:05,677
summer

1437
00:41:05,677 --> 00:41:06,914
camp program. This year

1438
00:41:06,914 --> 00:41:07,994
they're a little less than

1439
00:41:07,994 --> 00:41:09,180
that, but, you know,

1440
00:41:09,180 --> 00:41:10,469
there's been some discussion

1441
00:41:10,469 --> 00:41:11,759
about increasing those

1442
00:41:11,759 --> 00:41:12,666
fees, so I'm

1443
00:41:12,666 --> 00:41:13,816
sure 25 is a

1444
00:41:13,816 --> 00:41:15,175
decent estimate for

1445
00:41:15,175 --> 00:41:17,467
you. Uh, the bulk of the

1446
00:41:17,467 --> 00:41:18,923
revenue is

1447
00:41:18,923 --> 00:41:20,254
property tax,

1448
00:41:20,254 --> 00:41:21,294
which should be

1449
00:41:21,294 --> 00:41:23,291
about 215 before the

1450
00:41:24,456 --> 00:41:25,663
circuit breaker, which is

1451
00:41:25,663 --> 00:41:26,828
about 240,000.

1452
00:41:26,828 --> 00:41:28,492
You see, that's a little higher

1453
00:41:28,492 --> 00:41:29,907
than, uh, the actual

1454
00:41:29,907 --> 00:41:31,363
budget, but again

1455
00:41:31,363 --> 00:41:33,734
, that 240,000 is before the circuit

1456
00:41:34,899 --> 00:41:36,299
breaker. Therefore,

1457
00:41:36,299 --> 00:41:37,559
part of these revenues

1458
00:41:37,559 --> 00:41:38,817
will be under-received.

1459
00:41:38,817 --> 00:41:39,802
Therefore, I think the

1460
00:41:39,802 --> 00:41:40,755
budget should be

1461
00:41:40,755 --> 00:41:41,904
pretty close to the

1462
00:41:41,904 --> 00:41:43,594
level. Um,

1463
00:41:43,594 --> 00:41:44,739
balanced, as

1464
00:41:44,739 --> 00:41:45,954
opposed to just

1465
00:41:45,954 --> 00:41:47,570
funded.

1466
00:41:47,570 --> 00:41:48,484
is

1467
00:41:48,484 --> 00:41:49,427
if you had to

1468
00:41:49,427 --> 00:41:50,341
dip into your

1469
00:41:50,341 --> 00:41:51,256
own funds, but

1470
00:41:51,256 --> 00:41:52,227
balanced is

1471
00:41:52,227 --> 00:41:53,170
because

1472
00:41:53,170 --> 00:41:54,227
one year's income and expenses

1473
00:41:54,227 --> 00:41:55,923
match. And,

1474
00:41:55,923 --> 00:41:57,285
following the same

1475
00:41:57,285 --> 00:41:58,427
trend with everything

1476
00:41:58,427 --> 00:41:59,864
else, I think that, um, the

1477
00:41:59,864 --> 00:42:01,337
parks fund should also

1478
00:42:01,337 --> 00:42:03,503
be balanced.

1479
00:42:03,503 --> 00:42:04,788
You mentioned that they

1480
00:42:04,788 --> 00:42:06,042
have $80,000 in the

1481
00:42:06,042 --> 00:42:07,328
improvement expense line,

1482
00:42:07,328 --> 00:42:08,682
which is pretty standard.

1483
00:42:08,682 --> 00:42:11,020
So $80,000 of that

1484
00:42:11,051 --> 00:42:12,080
property tax revenue that they

1485
00:42:12,080 --> 00:42:13,109
receive

1486
00:42:13,109 --> 00:42:13,920
is allocated in

1487
00:42:13,920 --> 00:42:15,011
their budget every year for

1488
00:42:15,011 --> 00:42:18,563
park improvements.

1489
00:42:18,563 --> 00:42:19,558
If there are additional

1490
00:42:19,558 --> 00:42:20,585
expenses they

1491
00:42:20,585 --> 00:42:21,837
want to make beyond

1492
00:42:21,837 --> 00:42:23,088
that, then your capital plan will come into play

1493
00:42:23,088 --> 00:42:25,196
. And

1494
00:42:25,196 --> 00:42:26,440
then the board will decide

1495
00:42:26,440 --> 00:42:27,511
if there is other money from

1496
00:42:27,511 --> 00:42:28,616
other funds to

1497
00:42:28,616 --> 00:42:29,722
help

1498
00:42:29,722 --> 00:42:30,827
contribute to their

1499
00:42:30,827 --> 00:42:50,280
projects.

1500
00:42:50,280 --> 00:42:51,571
Um, that's not true, they did

1501
00:42:51,571 --> 00:42:54,352
n't talk about it anymore.

1502
00:42:54,352 --> 00:42:58,840
Yes. I think the only thing

1503
00:42:58,840 --> 00:42:59,372
that is being

1504
00:42:59,372 --> 00:43:00,469
discussed again is

1505
00:43:00,469 --> 00:43:01,565
their balance sheet and

1506
00:43:01,565 --> 00:43:02,828
how much of it they

1507
00:43:02,828 --> 00:43:04,125
would like to use

1508
00:43:04,125 --> 00:43:07,128
for a big project.

1509
00:43:07,128 --> 00:43:12,790
So, okay. Next we

1510
00:43:12,790 --> 00:43:14,297
move on to the

1511
00:43:14,297 --> 00:43:18,447
CCD fund. And there is a capital

1512
00:43:18,447 --> 00:43:19,947
cost of

1513
00:43:19,947 --> 00:43:25,312
$150 and paving.

1514
00:43:25,312 --> 00:43:26,365
So, if our

1515
00:43:26,365 --> 00:43:27,644
CCMG grant application

1516
00:43:27,644 --> 00:43:28,848
is successful, we will

1517
00:43:28,848 --> 00:43:30,278
use a significant

1518
00:43:30,278 --> 00:43:31,256
portion of this

1519
00:43:31,256 --> 00:43:32,723
paving from this fund

1520
00:43:32,723 --> 00:43:34,077
, as well as seeding and MBH

1521
00:43:34,077 --> 00:43:35,244
on the first phase of

1522
00:43:35,244 --> 00:43:40,317
Lakeshore Drive. So if we do

1523
00:43:40,317 --> 00:43:41,515
n't succeed,

1524
00:43:41,515 --> 00:43:42,745
then, you know, we'll probably

1525
00:43:42,745 --> 00:43:43,849
save a lot of

1526
00:43:43,849 --> 00:43:45,110
this for when

1527
00:43:45,110 --> 00:43:46,308
we do succeed,

1528
00:43:46,308 --> 00:43:47,411
but hopefully we'll

1529
00:43:47,411 --> 00:43:48,263
get it and we

1530
00:43:48,263 --> 00:43:49,335
can start the

1531
00:43:49,335 --> 00:43:50,707
first phase. I believe

1532
00:43:50,707 --> 00:43:51,695
they apply

1533
00:43:51,695 --> 00:43:52,954
in September,

1534
00:43:52,954 --> 00:43:54,509
early September. Well,

1535
00:43:54,509 --> 00:43:55,828
it's now, so...Yes,

1536
00:43:55,828 --> 00:43:58,049
this week.

1537
00:43:58,049 --> 00:44:04,788
Good. Good. So, I

1538
00:44:04,788 --> 00:44:05,730
can't say that

1539
00:44:05,730 --> 00:44:06,727
this particular fund

1540
00:44:06,727 --> 00:44:07,642
has a balanced

1541
00:44:07,642 --> 00:44:10,377
budget. I can

1542
00:44:10,377 --> 00:44:11,151
say that this is a

1543
00:44:11,151 --> 00:44:16,895
funded budget.

1544
00:44:16,895 --> 00:44:17,751
And let me

1545
00:44:17,751 --> 00:44:18,413
just take a

1546
00:44:18,413 --> 00:44:18,993
recent

1547
00:44:18,993 --> 00:44:20,043
financial statement to

1548
00:44:20,043 --> 00:44:20,982
tell you what

1549
00:44:20,982 --> 00:44:21,921
your funds were at the

1550
00:44:21,921 --> 00:44:27,330
end of July. Um, you

1551
00:44:27,330 --> 00:44:28,527
may remember,

1552
00:44:28,527 --> 00:44:29,627
we discussed, I'm

1553
00:44:29,627 --> 00:44:30,630
pretty sure,

1554
00:44:30,630 --> 00:44:31,794
last month, that the

1555
00:44:31,794 --> 00:44:32,991
assessed values ​​in

1556
00:44:32,991 --> 00:44:34,285
LaPorte County, a lot

1557
00:44:34,285 --> 00:44:37,278
of them have gone down. And that,

1558
00:44:37,278 --> 00:44:38,810
uh, the city specifically

1559
00:44:38,810 --> 00:44:40,342
decreased by more than

1560
00:44:40,342 --> 00:44:41,708
5% of the assessed

1561
00:44:41,708 --> 00:44:45,892
value. We've already

1562
00:44:45,892 --> 00:44:47,068
discussed what this

1563
00:44:47,068 --> 00:44:48,081
does, um, through

1564
00:44:48,081 --> 00:44:49,388
deductions and how it

1565
00:44:49,388 --> 00:44:50,335
affects your

1566
00:44:50,335 --> 00:44:51,642
tax rate, which

1567
00:44:51,642 --> 00:44:53,407
goes back to

1568
00:44:53,440 --> 00:44:54,322
circuit breakers, but

1569
00:44:54,322 --> 00:44:55,531
specifically for this

1570
00:44:55,531 --> 00:44:56,380
fund, if you

1571
00:44:56,380 --> 00:44:58,341
remember, the CCD fund is

1572
00:44:58,374 --> 00:44:59,683
rate controlled, not fee controlled.

1573
00:44:59,683 --> 00:45:00,464
So when we

1574
00:45:00,464 --> 00:45:01,733
budget for

1575
00:45:01,733 --> 00:45:02,286
this, we

1576
00:45:02,286 --> 00:45:03,523
tell DLGF what

1577
00:45:03,523 --> 00:45:04,793
rate we want, which

1578
00:45:04,793 --> 00:45:05,639
is the maximum

1579
00:45:05,639 --> 00:45:06,778
allowed, which is 5

1580
00:45:06,778 --> 00:45:07,852
cents for every

1581
00:45:07,852 --> 00:45:08,959
$100 of assessed

1582
00:45:08,959 --> 00:45:15,097
value. Since

1583
00:45:15,097 --> 00:45:16,164
your total

1584
00:45:16,164 --> 00:45:17,558
assessed value

1585
00:45:17,558 --> 00:45:19,200
for the city has decreased from

1586
00:45:19,200 --> 00:45:20,635
just over 600

1587
00:45:20,635 --> 00:45:22,112
million last

1588
00:45:22,112 --> 00:45:23,343
year for taxes

1589
00:45:23,343 --> 00:45:24,902
paid this year

1590
00:45:24,902 --> 00:45:26,420
to 568 million 800,000,

1591
00:45:26,420 --> 00:45:28,061
this 5% decrease means

1592
00:45:28,061 --> 00:45:29,497
that your CCD revenue,

1593
00:45:29,497 --> 00:45:30,482
since it is

1594
00:45:30,482 --> 00:45:32,041
based on the rate,

1595
00:45:32,041 --> 00:45:33,682
we multiply that 5 cents

1596
00:45:33,682 --> 00:45:35,159
by the AV and you end up

1597
00:45:35,159 --> 00:45:42,440
with $15,000 less.

1598
00:45:42,440 --> 00:45:43,335
Which doesn't seem like a

1599
00:45:43,335 --> 00:45:44,462
big amount, but

1600
00:45:44,462 --> 00:45:45,789
for your budget it's

1601
00:45:45,789 --> 00:45:48,367
no small thing. So, that

1602
00:45:48,367 --> 00:45:49,327
means your

1603
00:45:49,327 --> 00:45:51,348
expected income before the

1604
00:45:51,382 --> 00:45:52,238
circuit breakers trip

1605
00:45:52,238 --> 00:45:53,540
is

1606
00:45:53,540 --> 00:45:56,978
only 285. Your assessed

1607
00:45:56,978 --> 00:45:58,366
value 2 years ago

1608
00:45:58,366 --> 00:45:59,341
was 609, so you

1609
00:45:59,341 --> 00:46:00,803
lost $40 million in

1610
00:46:00,803 --> 00:46:02,078
assessed

1611
00:46:02,078 --> 00:46:10,936
value in 2 years. We

1612
00:46:10,936 --> 00:46:12,287
heard that the

1613
00:46:12,287 --> 00:46:17,478
county assessor found it

1614
00:46:17,478 --> 00:46:18,476
beneficial to reduce

1615
00:46:18,476 --> 00:46:19,408
the value a little

1616
00:46:19,408 --> 00:46:20,640
differently than in some

1617
00:46:20,640 --> 00:46:27,607
other places.

1618
00:46:27,607 --> 00:46:46,862
Of course. No. So, the

1619
00:46:46,862 --> 00:46:48,111
$350 budget is

1620
00:46:48,111 --> 00:46:49,504
still fine with me

1621
00:46:49,504 --> 00:46:50,790
, because I know Megan

1622
00:46:50,790 --> 00:46:51,290
and the board

1623
00:46:51,290 --> 00:46:52,647
will be watching

1624
00:46:52,647 --> 00:46:53,290
you

1625
00:46:53,290 --> 00:46:54,182
approve

1626
00:46:54,182 --> 00:46:55,539
future capital

1627
00:46:55,539 --> 00:46:57,811
plans and so on. We will be

1628
00:46:57,811 --> 00:46:58,985
monitoring

1629
00:46:58,985 --> 00:47:00,376
all of this very closely. The current

1630
00:47:00,376 --> 00:47:01,957
amount of cash in the

1631
00:47:01,957 --> 00:47:03,248
CCD fund is 216,000

1632
00:47:03,248 --> 00:47:04,538
as of the end of

1633
00:47:04,538 --> 00:47:06,451
July. So, you have

1634
00:47:06,451 --> 00:47:07,478
some

1635
00:47:07,478 --> 00:47:09,658
cash balance. We

1636
00:47:09,658 --> 00:47:10,663
looked at this and

1637
00:47:10,663 --> 00:47:11,861
forecasted it when

1638
00:47:11,861 --> 00:47:13,157
we prepared the capital

1639
00:47:13,157 --> 00:47:14,420
plan, and your

1640
00:47:14,420 --> 00:47:15,683
fund projections reflect, uh

1641
00:47:15,683 --> 00:47:16,623
, this process, and

1642
00:47:16,623 --> 00:47:17,433
reflect

1643
00:47:17,433 --> 00:47:18,534
your use of

1644
00:47:18,534 --> 00:47:19,441
some of your

1645
00:47:19,441 --> 00:47:20,575
cash balance on

1646
00:47:20,575 --> 00:47:23,043
projects. So, this is a

1647
00:47:23,043 --> 00:47:25,409
funded budget.

1648
00:47:25,409 --> 00:47:26,446
We just need

1649
00:47:26,446 --> 00:47:27,371
to be careful in

1650
00:47:27,371 --> 00:47:28,325
the future so that

1651
00:47:28,325 --> 00:47:29,362
we still have a goal of

1652
00:47:29,362 --> 00:47:30,204
keeping some

1653
00:47:30,204 --> 00:47:31,297
amount of cash in

1654
00:47:31,297 --> 00:47:32,924
case of future

1655
00:47:32,952 --> 00:47:35,019
emergencies. But again

1656
00:47:35,019 --> 00:47:36,226
, be prepared

1657
00:47:36,226 --> 00:47:37,332
for what you have in

1658
00:47:37,332 --> 00:47:43,543
front of you.

1659
00:47:43,543 --> 00:47:47,864
Good. Uh, the next

1660
00:47:47,864 --> 00:47:49,728
fund is the

1661
00:47:49,766 --> 00:47:54,487
CED economic development fund. And, uh,

1662
00:47:54,487 --> 00:47:55,986
Tristan, I made

1663
00:47:55,986 --> 00:47:59,817
a few changes here. Uh, we

1664
00:47:59,817 --> 00:48:01,047
moved the help

1665
00:48:01,047 --> 00:48:04,405
to the fire department. Uh

1666
00:48:04,405 --> 00:48:05,294
, let's

1667
00:48:05,294 --> 00:48:06,435
see. How

1668
00:48:06,435 --> 00:48:07,553
best

1669
00:48:07,553 --> 00:48:16,175
to explain all this? Uh, between the

1670
00:48:16,175 --> 00:48:17,098
fire

1671
00:48:17,098 --> 00:48:18,298
safety fund, we moved the

1672
00:48:18,298 --> 00:48:19,436
fire

1673
00:48:19,436 --> 00:48:20,451
aid contract to the

1674
00:48:20,451 --> 00:48:21,528
fire aid fund

1675
00:48:21,528 --> 00:48:23,220
because the interest on the

1676
00:48:23,251 --> 00:48:24,420
public safety lease is

1677
00:48:24,420 --> 00:48:25,528
now paid

1678
00:48:25,528 --> 00:48:30,175
after this year.

1679
00:48:30,175 --> 00:48:31,446
So, we have another

1680
00:48:31,446 --> 00:48:32,580
payment in December, and

1681
00:48:32,580 --> 00:48:33,680
then the tax

1682
00:48:33,680 --> 00:48:34,711
levy will start

1683
00:48:34,711 --> 00:48:35,983
to cover, uh, as we

1684
00:48:35,983 --> 00:48:37,323
discussed earlier,

1685
00:48:37,323 --> 00:48:39,523
not the geobonds, but the

1686
00:48:39,557 --> 00:48:40,898
debt service lease payment

1687
00:48:40,898 --> 00:48:43,303
– ​​that's what

1688
00:48:43,338 --> 00:48:47,453
the lease will now be paid from. So, that gave

1689
00:48:47,453 --> 00:48:48,341
us a little bit of, uh,

1690
00:48:48,341 --> 00:48:49,160
room to

1691
00:48:49,160 --> 00:48:50,457
make changes to those

1692
00:48:50,457 --> 00:48:52,821
changes. So you

1693
00:48:52,821 --> 00:48:56,269
will see that there is no 69,000 in

1694
00:48:56,321 --> 00:48:58,456
rental interest. And we

1695
00:48:58,456 --> 00:48:59,622
brought the

1696
00:48:59,622 --> 00:49:00,819
fire service contract back

1697
00:49:00,819 --> 00:49:02,175
here. Or, excuse me, are we

1698
00:49:02,175 --> 00:49:03,272
on the fire

1699
00:49:03,272 --> 00:49:07,638
aid fund? Yes. Um, and

1700
00:49:07,638 --> 00:49:08,516
then as you

1701
00:49:08,516 --> 00:49:09,496
continue, you

1702
00:49:09,496 --> 00:49:10,713
see that the

1703
00:49:10,713 --> 00:49:11,896
chief marshal's salary, the

1704
00:49:11,896 --> 00:49:12,910
benefits, that the

1705
00:49:12,910 --> 00:49:14,126
capital

1706
00:49:14,126 --> 00:49:15,005
equipment line

1707
00:49:15,005 --> 00:49:15,782
remains

1708
00:49:15,782 --> 00:49:22,739
unchanged. And so

1709
00:49:22,739 --> 00:49:25,537
the budget was 274, and now it's

1710
00:49:25,537 --> 00:49:32,985
266. So, um, even with...

1711
00:49:32,985 --> 00:49:36,895
Did I jump

1712
00:49:36,895 --> 00:49:38,088
one by

1713
00:49:38,088 --> 00:49:39,252
accident? Yes. Oh,

1714
00:49:39,252 --> 00:49:40,173
sorry. I

1715
00:49:40,173 --> 00:49:41,152
jumped to

1716
00:49:41,152 --> 00:49:43,029
the lighting. Yes. So,

1717
00:49:43,029 --> 00:49:44,253
between the lighting and

1718
00:49:44,253 --> 00:49:49,835
this fund...again

1719
00:49:49,835 --> 00:49:50,710
, the rent...

1720
00:49:50,710 --> 00:49:52,004
the interest on the rent

1721
00:49:52,004 --> 00:49:53,604
came out of both funds.

1722
00:49:53,604 --> 00:49:55,169
69,000 is no longer

1723
00:49:55,169 --> 00:49:56,712
needed.

1724
00:49:56,712 --> 00:49:59,038
Good. A

1725
00:49:59,038 --> 00:50:01,160
police car is due for a major

1726
00:50:01,189 --> 00:50:02,360
overhaul. The police

1727
00:50:02,360 --> 00:50:03,111
car is due for a major

1728
00:50:03,111 --> 00:50:04,197
overhaul

1729
00:50:04,197 --> 00:50:04,325
.

1730
00:50:04,325 --> 00:50:04,943
one.

1731
00:50:04,943 --> 00:50:05,911
Pay in cash

1732
00:50:05,911 --> 00:50:06,879
instead of

1733
00:50:06,879 --> 00:50:08,029
receiving interest

1734
00:50:08,029 --> 00:50:11,152
on the bill.

1735
00:50:11,152 --> 00:50:16,422
Thank you, Tristo. Good.

1736
00:50:16,422 --> 00:50:17,504
So, this...So the budget is

1737
00:50:17,504 --> 00:50:18,618
a little bit smaller again

1738
00:50:18,618 --> 00:50:19,855
because we're moving the

1739
00:50:19,855 --> 00:50:21,000
fire

1740
00:50:21,000 --> 00:50:22,237
safety contract to

1741
00:50:22,268 --> 00:50:25,134
public safety lighting.

1742
00:50:25,134 --> 00:50:26,396
And then we have a line of

1743
00:50:26,396 --> 00:50:27,293
police

1744
00:50:27,293 --> 00:50:28,324
equipment, um, in

1745
00:50:28,324 --> 00:50:29,487
this second kind of

1746
00:50:29,487 --> 00:50:33,511
grouping. We

1747
00:50:33,511 --> 00:50:35,222
reduced it from 20 to 10,200

1748
00:50:35,222 --> 00:50:36,450
, which I don't think is the

1749
00:50:36,450 --> 00:50:37,371
case with the

1750
00:50:37,371 --> 00:50:38,995
tasers, but

1751
00:50:38,995 --> 00:50:40,618
it's, uh, do you remember

1752
00:50:40,618 --> 00:50:42,653
what it was, Tristo?

1753
00:50:42,653 --> 00:50:44,245
Which one exactly?

1754
00:50:44,245 --> 00:50:44,898
10,200 in terms of

1755
00:50:44,898 --> 00:50:46,315
major repairs

1756
00:50:46,315 --> 00:50:46,912
. Is this...

1757
00:50:46,912 --> 00:50:49,324
Body cams?

1758
00:50:49,324 --> 00:50:51,158
Thank you. And then we

1759
00:50:51,158 --> 00:50:52,182
move on to...We

1760
00:50:52,182 --> 00:50:53,392
increased

1761
00:50:53,392 --> 00:50:54,633
tree maintenance costs

1762
00:50:54,633 --> 00:50:56,677
by $10,000. Hmm, and

1763
00:50:56,677 --> 00:50:57,484
this is especially

1764
00:50:57,484 --> 00:50:58,951
relevant given

1765
00:50:58,951 --> 00:51:02,280
these storms. Therefore. And

1766
00:51:02,280 --> 00:51:03,662
then we have road

1767
00:51:03,662 --> 00:51:08,440
coverage at 100. And so

1768
00:51:08,440 --> 00:51:10,246
that fund has decreased a little bit

1769
00:51:10,246 --> 00:51:14,006
from 298 to 255. And

1770
00:51:14,006 --> 00:51:15,840
then we'll move on to

1771
00:51:15,870 --> 00:51:17,062
public safety lighting,

1772
00:51:17,062 --> 00:51:18,071
which I've already

1773
00:51:18,071 --> 00:51:19,148
touched on a little bit. So, you

1774
00:51:19,148 --> 00:51:20,216
see a

1775
00:51:20,216 --> 00:51:21,253
fire safety agreement, and there is

1776
00:51:21,253 --> 00:51:21,985
no more

1777
00:51:21,985 --> 00:51:23,634
rent. We

1778
00:51:23,634 --> 00:51:27,327
have a salary and benefits.

1779
00:51:27,327 --> 00:51:28,669
And then, this $

1780
00:51:28,669 --> 00:51:29,782
60 hardware line is,

1781
00:51:29,782 --> 00:51:31,316
again,

1782
00:51:31,316 --> 00:51:32,620
a little under

1783
00:51:32,620 --> 00:51:33,886
$14,000 for that

1784
00:51:33,886 --> 00:51:36,661
budget, which is great.

1785
00:51:36,661 --> 00:51:37,914
Tristo, what else did you

1786
00:51:37,914 --> 00:51:39,790
want to talk about? The

1787
00:51:39,790 --> 00:51:40,949
projected

1788
00:51:40,949 --> 00:51:41,968
income for both

1789
00:51:41,968 --> 00:51:43,269
is a little over

1790
00:51:43,269 --> 00:51:44,674
300,000. But then again,

1791
00:51:44,674 --> 00:51:45,904
this is near the

1792
00:51:45,904 --> 00:51:47,064
end of the

1793
00:51:47,064 --> 00:51:48,399
income tax period

1794
00:51:48,399 --> 00:51:49,770
as it is now, uh

1795
00:51:49,770 --> 00:51:51,986
, structured.

1796
00:51:51,986 --> 00:51:53,028
So the fact that

1797
00:51:53,028 --> 00:51:54,363
you have a

1798
00:51:54,396 --> 00:51:55,633
budget underfunding is great

1799
00:51:55,633 --> 00:51:56,903
to preserve some of

1800
00:51:56,903 --> 00:51:57,815
those funds to

1801
00:51:57,815 --> 00:51:58,988
help get you through the

1802
00:51:58,988 --> 00:52:00,258
transition period to what's

1803
00:52:00,258 --> 00:52:06,120
next.

1804
00:52:06,120 --> 00:52:07,324
The main reason for

1805
00:52:07,324 --> 00:52:08,351
this is, uh, the timing of the

1806
00:52:08,351 --> 00:52:09,414
rent payment

1807
00:52:09,414 --> 00:52:10,618
, now you can

1808
00:52:10,618 --> 00:52:12,743
get

1809
00:52:12,778 --> 00:52:13,699
property tax financing when the

1810
00:52:13,699 --> 00:52:14,514
GEO bonds

1811
00:52:14,514 --> 00:52:17,027
mature. Uh, it

1812
00:52:17,027 --> 00:52:18,050
was all part of the

1813
00:52:18,050 --> 00:52:19,006
plan, and it was

1814
00:52:19,006 --> 00:52:19,732
built into the

1815
00:52:19,732 --> 00:52:20,787
capital plan

1816
00:52:20,787 --> 00:52:23,452
that way. It just so

1817
00:52:23,452 --> 00:52:24,453
happens that the timing of

1818
00:52:24,453 --> 00:52:25,705
all this

1819
00:52:25,705 --> 00:52:29,848
coincides well with this

1820
00:52:29,848 --> 00:52:30,551
lack of an

1821
00:52:30,551 --> 00:52:31,500
adjective

1822
00:52:31,500 --> 00:52:34,568
income tax.

1823
00:52:34,568 --> 00:52:36,359
Good. Uh, the

1824
00:52:36,386 --> 00:52:37,320
police donation fund, we just

1825
00:52:37,320 --> 00:52:38,253
stick to the same

1826
00:52:38,253 --> 00:52:39,363
budget. This

1827
00:52:39,363 --> 00:52:40,365
fund has a good

1828
00:52:40,365 --> 00:52:42,347
balance. Uh, it's really

1829
00:52:42,347 --> 00:52:43,545
nice when people

1830
00:52:43,545 --> 00:52:44,532
write, you know,

1831
00:52:44,532 --> 00:52:45,695
make donations,

1832
00:52:45,695 --> 00:52:46,505
so it's really

1833
00:52:46,505 --> 00:52:50,287
appreciated. And then

1834
00:52:50,287 --> 00:52:51,493
some of that will be

1835
00:52:51,493 --> 00:52:52,254
spent on a

1836
00:52:52,254 --> 00:52:53,460
sea boat,

1837
00:52:53,460 --> 00:52:54,444
because our portion...

1838
00:52:54,444 --> 00:52:55,650
Actually, I don't know

1839
00:52:55,650 --> 00:52:56,887
if it's even from that

1840
00:52:56,887 --> 00:53:01,021
fund. I think so.

1841
00:53:01,021 --> 00:53:02,859
Um, 50 or 50, between 50 and 60,000 – that's the

1842
00:53:02,859 --> 00:53:04,557
city's share, and

1843
00:53:04,557 --> 00:53:06,065
all of that money has been

1844
00:53:06,065 --> 00:53:07,008
raised and will

1845
00:53:07,008 --> 00:53:08,612
stay there as soon as

1846
00:53:08,612 --> 00:53:10,450
we allocate it

1847
00:53:10,450 --> 00:53:13,016
. We have made some

1848
00:53:13,016 --> 00:53:15,898
progress with FEMA. So

1849
00:53:15,898 --> 00:53:16,980
Mark and I actually

1850
00:53:16,980 --> 00:53:17,767
filed some

1851
00:53:17,767 --> 00:53:19,012
additional...All of that

1852
00:53:19,012 --> 00:53:20,029
was provided to them, but

1853
00:53:20,029 --> 00:53:21,078
apparently they didn't

1854
00:53:21,078 --> 00:53:21,635
get

1855
00:53:21,635 --> 00:53:24,274
the message. So we

1856
00:53:24,274 --> 00:53:24,900
sent an

1857
00:53:24,900 --> 00:53:26,086
email

1858
00:53:26,086 --> 00:53:27,272
and did another...

1859
00:53:27,272 --> 00:53:31,995
what's it called? Not

1860
00:53:31,995 --> 00:53:32,863
an amendment, but

1861
00:53:32,863 --> 00:53:33,940
it was actually a

1862
00:53:33,940 --> 00:53:35,259
request for an amendment, and

1863
00:53:35,259 --> 00:53:36,336
hopefully this

1864
00:53:36,336 --> 00:53:37,586
will remove the delays that

1865
00:53:37,586 --> 00:53:40,134
existed. And then

1866
00:53:40,134 --> 00:53:41,060
we didn't actually

1867
00:53:41,060 --> 00:53:42,629
pay for them.

1868
00:53:42,629 --> 00:53:43,808
Right. So will

1869
00:53:43,808 --> 00:53:45,049
it happen

1870
00:53:45,049 --> 00:53:47,518
this year on the 26th?

1871
00:53:47,518 --> 00:53:48,159
Maybe,

1872
00:53:48,159 --> 00:53:50,628
we hope. So I

1873
00:53:50,628 --> 00:53:51,858
think we'll just

1874
00:53:51,858 --> 00:53:53,154
do an extra one.

1875
00:53:53,154 --> 00:53:54,415
When the time comes. That

1876
00:53:54,415 --> 00:53:55,482
's right, because I don't

1877
00:53:55,482 --> 00:53:57,430
really know. I mean, I

1878
00:53:57,458 --> 00:53:58,550
think, to your

1879
00:53:58,550 --> 00:53:59,362
point, we could

1880
00:53:59,362 --> 00:54:00,426
add that to the budget

1881
00:54:00,426 --> 00:54:02,272
for next year.

1882
00:54:02,272 --> 00:54:03,630
If it doesn't get paid for this year

1883
00:54:03,630 --> 00:54:04,955
...We've been

1884
00:54:04,955 --> 00:54:07,017
waiting. So

1885
00:54:07,017 --> 00:54:08,352
we hope they

1886
00:54:08,352 --> 00:54:09,653
will close these gaps

1887
00:54:09,653 --> 00:54:10,921
and send us a check

1888
00:54:10,921 --> 00:54:13,438
for the money. And then we,

1889
00:54:13,438 --> 00:54:14,754
because the seller, have the

1890
00:54:14,754 --> 00:54:15,789
boats ready. Sellers

1891
00:54:15,789 --> 00:54:16,932
are waiting for us to

1892
00:54:16,932 --> 00:54:17,457
buy it.

1893
00:54:17,457 --> 00:54:18,371
Oh, let's

1894
00:54:18,371 --> 00:54:19,593
leave it at that then. This should

1895
00:54:19,593 --> 00:54:20,802
happen by December.

1896
00:54:20,802 --> 00:54:22,211
We hope so.

1897
00:54:22,211 --> 00:54:23,521
That's another four

1898
00:54:23,521 --> 00:54:24,122
months.

1899
00:54:24,122 --> 00:54:25,539
Mhm. Yes.

1900
00:54:25,539 --> 00:54:31,376
We hope so. Good.

1901
00:54:31,376 --> 00:54:32,536
Next, we have the

1902
00:54:32,536 --> 00:54:35,656
water supply fund. And

1903
00:54:35,656 --> 00:54:36,994
then, as with other

1904
00:54:36,994 --> 00:54:38,258
funds, you can

1905
00:54:38,258 --> 00:54:39,744
see a 3%

1906
00:54:39,744 --> 00:54:46,383
salary increase. Hmm.

1907
00:54:46,383 --> 00:54:48,027
And I think that the clerk, well

1908
00:54:48,027 --> 00:54:51,156
, the clerk's salary. And

1909
00:54:51,156 --> 00:54:52,191
then you'll see

1910
00:54:52,191 --> 00:54:53,194
a portion of the

1911
00:54:53,194 --> 00:54:54,449
clerk-treasurer's salary that

1912
00:54:54,449 --> 00:54:55,108
comes from the

1913
00:54:55,108 --> 00:54:57,881
water fund. And

1914
00:54:57,881 --> 00:54:58,776
then the

1915
00:54:58,776 --> 00:54:59,543
clerk's salary

1916
00:54:59,543 --> 00:55:00,694
is also distributed among the

1917
00:55:00,694 --> 00:55:01,781
waste

1918
00:55:01,781 --> 00:55:07,606
leaf fund. Uh, here are the benefits.

1919
00:55:07,606 --> 00:55:08,588
Actually,

1920
00:55:08,588 --> 00:55:09,439
they reduced their

1921
00:55:09,439 --> 00:55:10,716
health insurance a little bit,

1922
00:55:10,716 --> 00:55:11,829
to be more precise,

1923
00:55:11,829 --> 00:55:12,844
again, what are the

1924
00:55:12,844 --> 00:55:14,121
expenses from this fund

1925
00:55:14,121 --> 00:55:17,594
. Uh, and then we have

1926
00:55:17,594 --> 00:55:21,397
HSA insurance. I

1927
00:55:21,397 --> 00:55:22,866
think there is, let's

1928
00:55:22,866 --> 00:55:24,705
see. So, as far as

1929
00:55:24,705 --> 00:55:25,778
buying water, that's the

1930
00:55:25,778 --> 00:55:29,936
biggest change, and it's

1931
00:55:29,936 --> 00:55:31,163
just, do you have

1932
00:55:31,163 --> 00:55:32,489
that open for that

1933
00:55:32,489 --> 00:55:33,550
percentage that we've

1934
00:55:33,550 --> 00:55:35,193
invested?

1935
00:55:35,193 --> 00:55:37,092
I'll tell you now.

1936
00:55:37,092 --> 00:55:40,890
Thank you. Michigan City

1937
00:55:40,890 --> 00:55:42,070
5%

1938
00:55:42,070 --> 00:55:44,126
is 5%. So, we've already

1939
00:55:44,126 --> 00:55:45,160
increased it through the

1940
00:55:45,160 --> 00:55:46,285
rate research

1941
00:55:46,285 --> 00:55:49,204
we've done. Austin

1942
00:55:49,204 --> 00:55:50,374
heard it would be an even

1943
00:55:50,374 --> 00:55:51,654
bigger increase,

1944
00:55:51,654 --> 00:55:52,604
but until we

1945
00:55:52,604 --> 00:55:53,774
know what it

1946
00:55:53,774 --> 00:55:54,981
is, Trista and I

1947
00:55:54,981 --> 00:55:56,261
have discussed it, and we will

1948
00:55:56,261 --> 00:55:57,467
keep it at

1949
00:55:57,467 --> 00:55:59,617
5% for this year.

1950
00:55:59,617 --> 00:56:21,734
So...Yes.

1951
00:56:21,734 --> 00:56:26,296
Yes. The intention is to

1952
00:56:26,296 --> 00:56:27,511
raise

1953
00:56:27,511 --> 00:56:28,827
the rate here once

1954
00:56:28,827 --> 00:56:29,636
Michigan City

1955
00:56:29,636 --> 00:56:30,952
decides what

1956
00:56:30,952 --> 00:56:32,201
they're doing, which

1957
00:56:32,201 --> 00:56:33,348
we've communicated, uh, to

1958
00:56:33,348 --> 00:56:35,372
the public during the

1959
00:56:35,406 --> 00:56:36,587
rate increase talks,

1960
00:56:36,587 --> 00:56:37,802
you know, initially in...

1961
00:56:37,802 --> 00:56:39,118
Yeah, we're still waiting

1962
00:56:39,118 --> 00:56:48,171
. Good.

1963
00:56:48,171 --> 00:56:49,417
And then, if there's anything

1964
00:56:49,417 --> 00:56:50,178
else worth

1965
00:56:50,178 --> 00:56:51,216
mentioning, uh, I've

1966
00:56:51,216 --> 00:56:53,465
increased their software maintenance a little bit

1967
00:56:54,296 --> 00:56:55,646
because

1968
00:56:55,646 --> 00:56:56,269
, uh, they

1969
00:56:56,269 --> 00:56:57,272
use the

1970
00:56:57,272 --> 00:56:58,775
program. I think

1971
00:56:58,775 --> 00:57:00,017
this should lead

1972
00:57:00,017 --> 00:57:02,625
to an increase. Uh, we

1973
00:57:02,625 --> 00:57:03,728
reduced their

1974
00:57:03,728 --> 00:57:05,127
booster station

1975
00:57:05,127 --> 00:57:06,484
because it was

1976
00:57:06,484 --> 00:57:08,010
increased in 2026

1977
00:57:08,010 --> 00:57:09,834
to 15,000 for an

1978
00:57:09,876 --> 00:57:13,323
electrical panel upgrade. The

1979
00:57:14,234 --> 00:57:15,546
electrical panel upgrade is

1980
00:57:15,546 --> 00:57:16,567
actually going to be

1981
00:57:16,567 --> 00:57:17,989
closer to $90,000

1982
00:57:17,989 --> 00:57:19,338
, and it's been added to the

1983
00:57:19,338 --> 00:57:20,577
capital

1984
00:57:20,577 --> 00:57:21,671
expenditure plan, and it's, uh, a

1985
00:57:21,671 --> 00:57:23,129
major project that

1986
00:57:23,129 --> 00:57:24,441
will be completed in

1987
00:57:24,441 --> 00:57:25,498
2027 with

1988
00:57:25,498 --> 00:57:27,868
funds from the

1989
00:57:27,904 --> 00:57:28,670
capital

1990
00:57:28,670 --> 00:57:30,988
improvements cash balance. So,

1991
00:57:30,988 --> 00:57:32,055
since this doesn't

1992
00:57:32,055 --> 00:57:33,248
necessarily have to be

1993
00:57:33,248 --> 00:57:34,064
in operating

1994
00:57:34,064 --> 00:57:34,943
expenses anymore, because this is a

1995
00:57:34,943 --> 00:57:35,665
capital

1996
00:57:35,665 --> 00:57:36,669
expense, and it's

1997
00:57:36,669 --> 00:57:37,768
much more expensive

1998
00:57:37,768 --> 00:57:39,463
than we originally

1999
00:57:39,494 --> 00:57:40,561
budgeted a year or two

2000
00:57:40,561 --> 00:57:43,536
ago. And then the cost

2001
00:57:43,536 --> 00:57:44,707
of maintaining

2002
00:57:44,707 --> 00:57:45,498
the meters

2003
00:57:45,498 --> 00:57:49,011
increased by 5,000. And

2004
00:57:49,011 --> 00:57:50,160
then again

2005
00:57:50,160 --> 00:57:51,310
the debt, the principal amount of

2006
00:57:51,310 --> 00:57:52,290
the bonds, will be

2007
00:57:52,290 --> 00:57:53,034
repaid by

2008
00:57:53,034 --> 00:57:56,757
next year. So,

2009
00:57:56,757 --> 00:57:57,959
as you can see, their

2010
00:57:57,959 --> 00:58:01,281
budget has decreased.

2011
00:58:01,281 --> 00:58:02,390
Probably because of this

2012
00:58:02,390 --> 00:58:07,355
number. Anything to add or

2013
00:58:07,355 --> 00:58:13,728
any questions?

2014
00:58:13,728 --> 00:58:15,044
We have a

2015
00:58:15,044 --> 00:58:16,022
certain salary for storm drains,

2016
00:58:16,022 --> 00:58:17,304
including mine and our

2017
00:58:17,304 --> 00:58:24,077
construction department. And

2018
00:58:24,077 --> 00:58:25,363
then just some

2019
00:58:25,363 --> 00:58:26,539
materials and, uh,

2020
00:58:26,539 --> 00:58:27,825
ex-cost lines, and

2021
00:58:27,825 --> 00:58:28,707
then we have the

2022
00:58:28,707 --> 00:58:29,552
capital

2023
00:58:29,552 --> 00:58:30,692
estimate, which

2024
00:58:30,692 --> 00:58:31,537
remains

2025
00:58:31,537 --> 00:58:32,933
unchanged at

2026
00:58:32,933 --> 00:58:34,256
70,000. We're hoping that

2027
00:58:34,256 --> 00:58:35,285
some of our

2028
00:58:35,285 --> 00:58:36,645
stormwater balance

2029
00:58:36,645 --> 00:58:37,821
is going to be

2030
00:58:37,821 --> 00:58:38,960
put toward the

2031
00:58:38,960 --> 00:58:53,613
paving project. And then -

2032
00:58:53,613 --> 00:58:56,467
yes. The projected

2033
00:58:56,467 --> 00:58:57,689
income is

2034
00:58:57,689 --> 00:59:01,519
about 225 per year.

2035
00:59:01,519 --> 00:59:02,573
Well, and do we want to

2036
00:59:02,573 --> 00:59:03,660
discuss, um, it

2037
00:59:03,660 --> 00:59:04,878
was brought up, but not

2038
00:59:04,878 --> 00:59:06,031
discussed, that

2039
00:59:06,031 --> 00:59:07,678
the city is considering

2040
00:59:07,711 --> 00:59:08,930
increasing

2041
00:59:08,930 --> 00:59:13,723
stormwater fees.

2042
00:59:13,723 --> 00:59:14,682
It's currently $15 a

2043
00:59:14,682 --> 00:59:16,051
month because we

2044
00:59:16,051 --> 00:59:17,317
could do

2045
00:59:17,317 --> 00:59:18,686
so many

2046
00:59:18,686 --> 00:59:22,490
drainage projects. So we

2047
00:59:22,490 --> 00:59:23,648
probably get

2048
00:59:23,648 --> 00:59:27,994
calls every month from residents

2049
00:59:27,994 --> 00:59:29,112
complaining about

2050
00:59:29,112 --> 00:59:30,103
some

2051
00:59:30,103 --> 00:59:31,190
drainage problem they

2052
00:59:31,190 --> 00:59:32,308
would like the city to

2053
00:59:32,308 --> 00:59:33,641
fix. So, you know,

2054
00:59:33,641 --> 00:59:34,864
we're doing our best

2055
00:59:34,864 --> 00:59:36,117
to address some of

2056
00:59:36,117 --> 00:59:37,277
them using

2057
00:59:37,277 --> 00:59:39,346
paving projects. Um,

2058
00:59:39,346 --> 00:59:40,322
I think Mark

2059
00:59:40,322 --> 00:59:41,398
typed out a whole

2060
00:59:41,398 --> 00:59:42,642
email to the

2061
00:59:42,642 --> 00:59:43,752
board, and I think I

2062
00:59:43,752 --> 00:59:44,997
can put together a better

2063
00:59:44,997 --> 00:59:45,804
list of our

2064
00:59:45,804 --> 00:59:49,475
capital needs.

2065
00:59:49,475 --> 00:59:50,400
Um, so we can

2066
00:59:50,400 --> 00:59:51,199
determine if

2067
00:59:51,199 --> 00:59:51,965
we need to

2068
00:59:51,965 --> 00:59:54,938
increase this fee.

2069
00:59:54,938 --> 00:59:55,932
So, this has already been

2070
00:59:55,932 --> 00:59:57,152
brought up for consideration,

2071
00:59:57,152 --> 00:59:58,275
and the needs need to be

2072
00:59:58,275 --> 01:00:06,705
addressed. Good. And

2073
01:00:06,705 --> 01:00:08,124
the last thing is garbage and

2074
01:00:08,124 --> 01:00:11,045
leaves. So, some of

2075
01:00:11,045 --> 01:00:12,045
the salaries from

2076
01:00:12,045 --> 01:00:13,105
the street department, the

2077
01:00:13,105 --> 01:00:14,590
clerk's office, the

2078
01:00:14,620 --> 01:00:15,711
water department - all of that

2079
01:00:15,711 --> 01:00:18,858
comes here. There are

2080
01:00:18,858 --> 01:00:20,052
small

2081
01:00:20,052 --> 01:00:21,052
insurance costs that

2082
01:00:21,052 --> 01:00:22,117
come in here for

2083
01:00:22,117 --> 01:00:27,596
healthcare. And

2084
01:00:27,596 --> 01:00:28,730
then there are the

2085
01:00:28,730 --> 01:00:29,563
supply costs, and

2086
01:00:29,563 --> 01:00:30,630
the amount of waste is

2087
01:00:30,630 --> 01:00:31,963
increasing due to

2088
01:00:31,963 --> 01:00:33,196
the increase from Republic

2089
01:00:33,196 --> 01:00:34,063
Services, which was

2090
01:00:34,063 --> 01:00:35,129
part of our 3-

2091
01:00:35,129 --> 01:00:36,363
year contract with

2092
01:00:36,363 --> 01:00:41,456
them. That's why this, uh,

2093
01:00:41,456 --> 01:00:44,674
amount is increasing. And

2094
01:00:44,674 --> 01:00:45,985
this is planned. It

2095
01:00:45,985 --> 01:00:47,133
will be, you know, a smaller

2096
01:00:47,133 --> 01:00:47,987
increase in the

2097
01:00:47,987 --> 01:00:49,037
third year,

2098
01:00:49,037 --> 01:00:50,284
fortunately for the residents,

2099
01:00:50,284 --> 01:00:51,203
but it's still an

2100
01:00:51,203 --> 01:00:54,133
increase. I think

2101
01:00:54,133 --> 01:00:55,368
I should probably

2102
01:00:55,368 --> 01:00:56,108
try to

2103
01:00:56,108 --> 01:00:57,378
contact Republic, I

2104
01:00:57,378 --> 01:00:58,436
think we know

2105
01:00:58,436 --> 01:00:59,599
this year, so it will be

2106
01:00:59,599 --> 01:01:01,897
next year.

2107
01:01:01,897 --> 01:01:03,358
Um, whether they're going to increase

2108
01:01:03,358 --> 01:01:04,594
our bill again

2109
01:01:04,594 --> 01:01:06,093
on the eve of '28 or

2110
01:01:06,093 --> 01:01:08,911
not, but we increased our

2111
01:01:08,911 --> 01:01:10,375
leaf removal by

2112
01:01:10,375 --> 01:01:14,230
5,000. We haven't had

2113
01:01:14,230 --> 01:01:15,525
an increase from this

2114
01:01:15,525 --> 01:01:16,852
supplier in many

2115
01:01:16,852 --> 01:01:17,981
years, so, uh, we'll

2116
01:01:17,981 --> 01:01:19,043
see if we get one

2117
01:01:19,043 --> 01:01:25,046
or not. And

2118
01:01:25,046 --> 01:01:25,643
then the

2119
01:01:25,643 --> 01:01:26,808
capital investment plan

2120
01:01:26,808 --> 01:01:27,734
is a

2121
01:01:27,734 --> 01:01:33,749
street sweeper. I think there is

2122
01:01:33,749 --> 01:01:35,756
another capital. I

2123
01:01:35,756 --> 01:01:37,998
think it's F

2124
01:01:37,998 --> 01:01:42,155
The Indiana Bond Bank? Through

2125
01:01:42,155 --> 01:01:43,724
Indiana Bond Bank in 5

2126
01:01:43,724 --> 01:01:45,418
years. Yes, so

2127
01:01:45,418 --> 01:01:46,612
this payment will be made from here

2128
01:01:46,612 --> 01:01:51,599
. Mmm.

2129
01:01:51,599 --> 01:01:55,725
Right. Yes.

2130
01:01:55,725 --> 01:02:03,989
Approximately 4.2. Good.

2131
01:02:03,989 --> 01:02:05,300
Tristo, was there another

2132
01:02:05,300 --> 01:02:06,021
capital for the

2133
01:02:06,021 --> 01:02:07,300
street sweeper

2134
01:02:07,300 --> 01:02:08,796
? I was just doing it or,

2135
01:02:08,796 --> 01:02:10,017
sorry, for the

2136
01:02:10,017 --> 01:02:12,312
garbage fund. Is it just

2137
01:02:12,312 --> 01:02:13,170
this? Is there

2138
01:02:13,170 --> 01:02:16,330
a truck? And I

2139
01:02:16,330 --> 01:02:17,317
mean, we can

2140
01:02:17,317 --> 01:02:18,634
add it later.

2141
01:02:18,634 --> 01:02:19,899
It depends on whether

2142
01:02:19,899 --> 01:02:21,808
we want to include it

2143
01:02:21,808 --> 01:02:23,141
in the budget now. But you and

2144
01:02:23,141 --> 01:02:24,591
I can also

2145
01:02:24,620 --> 01:02:25,329
look at it.

2146
01:02:25,329 --> 01:02:26,234
Yes, I haven't revealed the

2147
01:02:26,234 --> 01:02:27,087
fund's forecasts for

2148
01:02:27,087 --> 01:02:27,966
today, but I can

2149
01:02:27,966 --> 01:02:28,998
reveal it for you.

2150
01:02:28,998 --> 01:02:29,854
Yes, I will review the

2151
01:02:29,854 --> 01:02:30,967
capital budget and

2152
01:02:30,967 --> 01:02:32,080
see if there are any

2153
01:02:32,080 --> 01:02:32,965
other areas where we

2154
01:02:32,965 --> 01:02:33,821
want to include a

2155
01:02:33,821 --> 01:02:34,849
capital budget

2156
01:02:34,849 --> 01:02:35,520
in the budget.

2157
01:02:35,520 --> 01:02:36,744
And I also want to double

2158
01:02:36,744 --> 01:02:37,807
-check with you on the

2159
01:02:37,807 --> 01:02:39,054
expected returns.

2160
01:02:39,054 --> 01:02:40,567
I have 390 listed, but I'm

2161
01:02:40,567 --> 01:02:41,924
not sure that

2162
01:02:41,924 --> 01:02:43,320
reflects the current

2163
01:02:43,320 --> 01:02:46,170
due rate. So,

2164
01:02:46,170 --> 01:02:50,654
394. What are the revenues?

2165
01:02:50,654 --> 01:02:54,300
For the garbage fund. 390,000.

2166
01:02:54,400 --> 01:02:55,497
Rate, hmm.

2167
01:02:55,497 --> 01:02:56,404
So, I want to double

2168
01:02:56,404 --> 01:02:57,284
-check the

2169
01:02:57,284 --> 01:02:58,111
current rate with you and

2170
01:02:58,111 --> 01:02:59,072
make sure it's a

2171
01:02:59,072 --> 01:02:59,973
good forecast.

2172
01:02:59,973 --> 01:03:07,260
Good. Good.

2173
01:03:07,260 --> 01:03:10,061
Right. So, next,

2174
01:03:10,061 --> 01:03:11,369
I will work to ensure that

2175
01:03:11,369 --> 01:03:12,609
parts of our

2176
01:03:12,609 --> 01:03:13,917
budget reach

2177
01:03:13,917 --> 01:03:15,192
Gateway after the

2178
01:03:15,192 --> 01:03:19,701
council meeting. And then the council has to

2179
01:03:19,701 --> 01:03:20,839
agree on the overall

2180
01:03:20,839 --> 01:03:23,837
increase. Any

2181
01:03:23,837 --> 01:03:26,195
other comments?

2182
01:03:26,195 --> 01:03:29,593
Question? Thank you for

2183
01:03:29,593 --> 01:03:31,500
participating. I think we

2184
01:03:31,500 --> 01:03:33,383
will close the meeting at

2185
01:03:33,383 --> 01:03:35,466
11:10 then. Thank you.