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Board  Board Meeting and CY 2025 Budget Hearing

AGENDA

7 PM Wednesday, November 20th, 2024

INDIAN HILLS FIRE PROTECTION DISTRICT

4476 Parmalee Gulch Road

Budget Worksheet 9-25-24.pdf

 

INTRODUCTIONS

PRESENTATION OF CY 2025 PROPOSED BUDGET

Changes from CY 2024 Income Lines (Increase of ~ $6K)

o   Property Tax Income Decrease (Minimal decrease (~ $6K)

o   Fire Deployment Reimbursement (No Change but income expected)

o   Increase in Investment Interest Income (~ 12K)

o   Potential Proceeds from Sale of Assets (~ $5K)

Highlighted Changes from CY 2024 Cost Lines

o   Increase in Overhead Costs (Utilities, Supplies, Banquet) (~ $5K)

o   Increase in Insurance Costs (~ $2.5K)

o   Increase for Election Expenses (~ $14K)

o   Increase in Fire Operations Expenses (~ $17.5K)

o   Increase in Pension Contributions (~ $1.5K)

o   Increase in Communications Expenses (~ $4K)

o   Addition of Department Recruiting Expenses (~$ 2K)

o   Reduction in Anticipated Grant Matching Funds (~ $124K)

o   Reduction in Station Improvements/Maintenance (~ $57K)

o   Increase in Apparatus Maintenance/Repair (~$60K)

Overarching Priority Funding Areas for CY 2025 Budget

o   Equipment/Apparatus Replacement & Repair Projects (~ $80K)

o   CWPP Implementation ($30K)

o   Pension Fund Contribution Increases (~ $1.5K)

o   Station Improvements (~ $12.5K)

Impact to District Financial Positions

o   District Reserves $61K drawn from District Reserves

COMMUNITY COMMENTS/FEEDBACK

ADJOURNMENT

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