MORAGA -- The Moraga Town Council made short work Wednesday of adopting a balanced, $7.2 million operating budget for the 2014-15 fiscal year and approving two longer-range spending plans.

The new budget comes in roughly $295,000 above the final 2013-14 budget of $6.9 million. Of that increase, $209,000 falls under personnel costs for salary increases, CalPERS rate increases, medical coverage and funding for a Community Services Officer. The other $86,000 is earmarked for supplies and services, including liability and property insurance and emergency dispatch services.

Council members Michael Metcalf, Dave Trotter and Phil Arth voted unanimously to approve the proposed budget; Mayor Ken Chew and Vice Mayor Roger Wykle were absent from Wednesday's meeting.

The budget vote also included an update to the town's Five-Year Financial Projection and a comprehensive Five-Year Capital Improvement Program. The town has been using a five-year financial plan since the 2012-13 fiscal year.

As passed, the budget is "structurally balanced," meaning that ongoing, annual expenses are paid for with ongoing revenue and one-time revenue is set aside for one-time costs such as capital improvement projects, said Administrative Services Director Stephanie Hom.

"We do stick with that as a best practice," Hom said.

Town Manager Jill Keimach had said in the budget report presented to the council that relatively flat property and sales tax revenue could become a problem for the town in the future, as employee health care and retirement costs increase and put pressure on the general fund.

But following the budget's passage, Keimach tempered those comments by saying that barring another widespread economic downturn, the town is likely to remain in good financial shape. She also pointed out that Moraga will continue to get a boost from the 20-year Measure K local sales tax increase, passed in 2012 to help fund upcoming capital improvement projects, including roads. In 2014-15, $1.7 million from Measure K and from a new garbage vehicle impact fee is earmarked for the Street Rehabilitation Fund.

During the May 28 council meeting's pre-budget discussion, council members had asked town staff for additional information about a handful of expenditures, including continuing the $9,000 funding of the Lamorinda senior citizens' Spirit Van; and the $5,000 of in-kind funding allocated to help the Friends of Moraga Library open the library on Sunday afternoons. In addition to the town's contribution, the nonprofit Friends of the Moraga Library commits $31,100 annually to open the library from 1 to 5 p.m. on Sundays, the group said.