FY 2025 BUDGET BOOK - Flipbook - Page 16
2024/25 of $227,000 (Salary & Benefits Increase/Decrease, page 14).
● FICA payments increased by $79,722 (Salary & Benefits Increase/Decrease, page 14).
● Police, Fire, FRS and City pension contributions increased by $341,056.
●
Health and life insurance costs increased by 12.9% or $382,809 (Salary & Benefits Increase/
Decrease, page 14).
● The General Liability / Workers Comp. / Property Insurance costs increased by 10% Citywide for a total insurance premium of $1,207,450 (General Fund Expenditures, page 14).
●
The total amount of the Capital Improvement Plan for FY 2024/25 is $16,869,838. The most
significant project in the FY 2024/25 budget is the Coolidge utility, stormwater and road
project. This will include engineering/expansion of the Rosenwald Roads – including
Coolidge St from Bates Ave to Getford Ave and the reconstruction of the east/west roadways
from Wall St to Getford St within these limits. The final project will include stormwater
improvements, sidewalks, lighting, sewer upgrades, and a new watermain construction to
include fire protection. Other significant projects include City-wide street resurfacing and
sidewalk maintenance within the community redevelopment area, design and construction
for the cemetery, the Ferran Park seawall, various Parks and Recreation projects, and other
Water and Sewer Renewal and Replacement projects.
●
The City strives to be a competitive employer in the region with regards to both salaries and
benefits. With this goal in mind, the City continually reviews all compensation and internal
and external equity decisions. Any pay increase/decrease for the Fire and Police departments
must be negotiated by the respective union contract.
Table 3: Salary & Benefits Increase / Decrease
Police &
FIre
Pension
Increase
FRS
Pension
Increase/
(Decrease)
Empower
Pension
Plan
Increase
Health
Insurance
Increase
FICA
Increase
B e ne f it s Inc re a s e / D e c re a s e
Total
Salary
Increase in
FY 2024-25
Flat pay
$1,000
Increase
F und
COLA 5%
Increase
S a la ry Inc re a s e
T o tal
B e ne f it s
Inc re a s e
in F Y 2 0 2 4 25
T OT A L
IN C R E A S E
283,401
563,992
1,272,486
General Fund
Water and Sewer Revenue
Fund
579,694
128,800
708,494
54,200
181,395
42,510
2,487
159,379
68,000
227,379
17,395
128,166
13,643
(7,359)
-
151,844
379,223
Street Impro vement Fund
42,260
19,200
61,460
4,702
43,758
3,688
-
-
52,148
113,608
Sto rmwater Fund
10,493
4,800
15,293
1,170
7,548
918
-
-
9,635
24,928
B uilding Department Fund
Co mmunity
Redevelo pment Fund
16,438
5,000
21,438
1,640
20,053
1,286
-
-
22,979
44,417
C it ywide T o t a l
6,858
8 15 ,12 2
1,200
2 2 7 ,0 0 0
8,058
1,0 4 2 ,12 2
616
7 9 ,7 2 2
1,887
3 8 2 ,8 0 6
484
6 2 ,5 2 7
( 4 ,8 7 2 )
2 8 3 ,4 0 1
2,987
8 0 3 ,5 8 5
11,045
1,8 4 5 ,7 0 7
14
