HomeMy WebLinkAbout2.b. COVID Budget Impacts
EXECUTIVE SUMMARY
City Council Work Session: April 16, 2020
AGENDA ITEM: COVID Budget Impacts AGENDA SECTION:
Updates
PREPARED BY: Logan Martin, City Administrator AGENDA NO. 2.b.
ATTACHMENTS: DRAFT Budget Analysis APPROVED BY: LJM
RECOMMENDED ACTION: Information item only.
BACKGROUND
In light of the budget impacts that the COVID-19 pandemic will have on the City’s budget, staff has been
working to analyze revenue impacts and potential areas for expenditure reductions / eliminations. The
attached spreadsheet is a preliminary analysis of anticipated revenue impacts, and corresponding
reductions in revenue. Ultimately, staff has estimated $252,150 in revenue shortfalls, offset by a potential
$333,880 in expenditure cuts.
Staff will discuss the document with Council in detail at the meeting. At this point, no action is needed,
and this is the first opportunity of many to discuss this situation and consider its impacts. The fluidity of
the situation and the lack of clarity on when the situation may end creates many variables that directly
impact the City’s budge
RECOMMENDATION
Information item only.
Revenue Reductions
Department Description Amount Add'l Info
Parks & Rec Arena Revenue 25,000$ March = $6K, April = $9K, May = $10K
Parks & Rec RCC Revenue 24,100$ March = $7,100, April = $8K, May = $9K
Parks & Rec Steeple Revenue 11,500$ March = $2k, April = $6K, May = $3,500
subtotal 60,600$
Comn.Dev.Permit Fees 107,550$ Assumes 15% reduction for 2020
Comn.Dev.Zoning Fees 67,500$ Assumes 15% reduction for 2020
subtotal 175,050$
Police Fines & Forfeits 16,500$ 15% reduction
subtotal 16,500$
total 252,150$
Expenditure Reductions
Department Description Amount Add'l Info
Parks & Rec PT Arena Staff 12,500$ Assumes closed until June
Parks & Rec PT RCC Staff 16,000$ Assumes closed until June
Parks & Rec PT Steeple Staff 19,300$ Assumes closed until June
Parks & Rec Cleaning after event 1,300$ Assumes closed until June
Parks & Rec FT Bldg Attendant 16,300$ FTE unfilled until June
subtotal 65,400$
Parks & Rec Conferences 7,000$
Parks & Rec Tourney Supplies 2,000$
Parks & Rec total 74,400$
Comm. Dev.Training & Supplies 14,000$
PT Seasonal Employ 24,000$ Code Enforce & GIS Intern delay
Retail Strategies 40,000$
Misc. Advert & Training 7,000$
subtotal 85,000$
Rosemount COVID Budget Impacts
Police CSO Hiring 7,680$ 3 mos. of no CSO
subtotal 7,680$
Administration Comms. Coord.20,000$ Delay hiring until June
Administration Recruitment Costs 5,200$ On-boarding costs, advertisement
Administration Training & Wellness 10,300$
subtotal 35,500$
Council Community Survey 16,000$
Council Misc. Costs 6,600$ Promotions, Supplies for Events,
Council Conferences 10,000$ Reduce travel & registrations
Council Staff Education Reimb.6,000$ Reduce amount avail by 50%
subtotal 38,600$
Finance Training 2,300$
subtotal 2,300$
Engineering PW Coordinator 25,000$ Delay hire until July
subtotal 25,000$
total 333,880$