HomeMy WebLinkAboutMunicipal Budget Adoption presentation
Section 1 page 5
$36.6M Revenues and Other Sources
•All Funds, Includes Academy
$32.0M Expenditures and Other Uses
•All Funds, Includes Academy
$ 4.6M Increase to Fund Balance 28.6%
•Includes $5.6M of residual bond funds
09/21/2015 Town Council Budget Proposal 2
09/21/2015 Town Council Budget Proposal 3
FUND
TYPE
08/12/15
Revenues over
Expenditure
Total
09/21/15
Revenues over
Expenditures
Total
Amount
Change
Percent
Change
General
Fund $ 133,920 $ 398,988 $ 265,068 198%
Internal
Services 238,303 358,303 120,000 50%
Capital
Projects 5,461,804 5,562,504 100,700 2%
Special
Revenues 431,273 (81,567) (512,840) -119%
$ 6,265,300 $ 6,238,228 $ (27,072) 0.10%
09/21/2015 Town Council Budget Proposal 4
FUND TYPE Change
Amount DESCRIPTION OF CHANGE
General
Fund $278,331 • $321,713 increased sales tax (based on current)
•($43,382) reduce TSH revenue reimbursement
Internal
Services $120,000
•$50,000 transfer in to GMR Fund from General Fund
(due to additional revenue in GF)
•$70,000 transfer in to VMR Fund from General Fund
(due to additional revenue in GF)
Capital
Projects $750,000 •$730,700 moved PID fund from SR Funds to CP Funds
•$ 20,000 bond issuance (input error on original)
Special
Revenues ($663,544)
•($730,700) moved PID fund from SR Funds to CP Funds
• $107,237 increased sales tax in 4B Fund
• $ 13,600 increased hotel tax in ED Fund
•($157,541) received funds in FY14/15 for signalization
• $103,860 increased hotel tax in VA fund
09/21/2015 Town Council Budget Proposal 5
FUND TYPE Change
Amount DESCRIPTION OF CHANGE
General
Fund $13,263 • $53,263 increase transfers out to non-operating
•($40,000) decreased transfers out to operating
Capital
Projects $650,000
•$266,000 Dove Rd Recon/Drain (Vaquero/TB)
(moved from FY14/15)
•$260,000 FM 1938/Dove Road Signalization (new project)
•$281,541 moved PID fund from SR Funds to CP Funds
•($157,541) reduced PID expenditures due to receipt of
funds for signal in CY
Special
Revenues ($150,704)
•$10,000 from VA for Marriott marketing
•$107,237 transfer out to DS from 4B
•$13,600 additional hotel tax from ED fund to Deloitte
•($281,541) moved PID fund from SR Funds to CP Funds
09/21/2015
Town Council Budget Proposal
6
Removing Westlake Academy from the Comparison
Results in $24.1M expenditures
•(for ALL expenditures, capital, other uses and transfers out)
11% increase of $2.7M
FY 14/15
Estimated
Expenditures
FY 15/16
Proposed
Expenditures
Change
Amount $
Change
Percent %
$ 21,371,466 $ 24,110,757 $ 2,739,291 11%
I F O NLY M UNICIPAL O PERATING E XPENDITURES
were taken into consideration
(removal of all expenditures related to Capital Projects, Westlake Academy and Transfers)
the FY 15/16 proposed budget would show
A N I NCREASE OF 0.2% ($27,639)
compared to the FY 14/15 estimated budget
09/21/2015 Town Council Budget Proposal 7
FY 14/15
Estimate
FY15/16
Proposed
Change
Amount
Change
Percent
Payroll $ 3,658,128 $ 4,115,956 $ 457,828 12.5%
Expenditures 10,267,203 9,837,014 (430,189) -4.0%
TOTAL $ 13,925,331 $ 13,952,970 $ 27,639 0.2%
Section 1 page 5
09/21/2015
Town Council Budget Proposal
8
TOTAL
AMOUNT
ONE-TIME
REVENUES
ON-GOING
REVENUES
REVENUES $ 9,229,377 $ 8,741,183 $ 488,194
percentage 95% 5%
Section 1 page 6-7
$8.4M Bond Revenues for Fire Station Complex
$134K Increases in Building Permit, Citation, and Franchise Fee Revenues
$500K Increased Revenue for Entrada Construction & Inspection Fees
09/21/2015 Town Council Budget Proposal 9
Section 1 page 7
EXPENDITURE TYPE TOTAL
AMOUNT
ONE-TIME
COSTS
ON-GOING
COSTS
Maintenance & Replacement 6.9% $ 9,280 $ 9,280 $ -
Repair & Maintenance 5.1% 6,885 4,000 2,885
Rent & Utilities 30.6% 41,234 - 41,234
Service & Supplies 57.4% 77,463 83,990 (6,527)
TOTAL $ 134,862 $ 97,270 $ 37,592
percentage 72% 28%
NON PERSONNEL OPERATING COSTS
$10,202 Part Time Clerk for Town Secretary
$71,132 Full Time Firefighter Paramedic
$10,972 Part Time Clerk for Facilities/Parks
$92,306 TOTAL
09/21/2015 Town Council Budget Proposal 10
Section 3 page 77
BASE
PAYROLL
TRANSFER
IN
GENERAL FUND
PAYROLL IMPACT
Maintain
current staff $ 114,449 $ (54,800) $ 59,648
Market
Adjustment 251,073 (75,898) 175,175
New
Positions 92,306 -0- 92,306
TOTAL $ 457,828 $ (130,698) $ 327,130
Includes Insurance, Taxes & Retirement
TYPE INCREASE
AMOUNT PERCENT
Wages 298K 11.0%
Insurance 46K 17.1%
Taxes 33K 11.1%
Retirement 80k 27.5%
TOTAL $ 327K 11.3%
BELOW
MARKET EMPLOYEES AMOUNT
30% plus 1 $43,594
20 – 29% 4 $59,376
10 – 19% 11 $110,517
0 – 9% 17 $37,586
TOTAL 33 $251,073
09/21/2015
Town Council Budget Proposal 11
PERSPECTIVE TOTAL
AMOUNT
ONE-TIME
COSTS
ON-GOING
COSTS
Citizens, Students
& Stakeholders $ 168,751 $ 81,000 $ 87,751
Financial Stewardship
(Increased Revenues) (9,229,377) (8,741,183) (488,194)
Municipal
Operations 175 83,990 (83,815)
People $613,850
Facilities $ 5,087,680
and Technology $37,300
5,738,831 5,103,280 635,551
GRAND TOTAL $ 3,321,620 $ 3,472,913 $ 151,293
Section 1 page 8-9
09/21/2015 Town Council Budget Proposal 12
Section 1 Page 64
FUND TYPE
Proposed
FY 15-16 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21
General Fund
7,207,742
7,439,962
6,583,165
6,003,906
6,337,615
5,589,347
Enterprise Funds
2,452,182
2,654,827
2,167,992
2,673,738
3,169,245
3,787,245
Internal Service Funds
869,280
961,716
1,433,106
1,780,498
2,336,894
2,792,959
Capital Project Funds
8,090,849
2,892,537
2,571,251
4,045,931
2,837,912
3,339,747
Special Revenue Funds
1,026,462
908,244
1,191,078
1,459,991
1,720,103
1,971,149
Academic Funds
1,243,262
1,274,905
1,345,741
1,351,404
1,291,300
1,229,995
ENDING FUND BALANCE 20,889,778 16,132,191 15,292,334 17,315,467 17,693,069 18,710,442
Section 1 page 10
Tax Rate is proposed to remain the same as FY14/15
09/21/2015 Town Council Budget Proposal 13
FY 14/15
Adopted
Tax Rate
FY 15/16
Proposed
Tax Rate
Change
Amount
M&O $ 0.13710 $ 0.13947 $ 0.00237
I&S $ 0.01924 $ 0.01687 $ (0.00237)
$ 0.15634 $ 0.15634 $ 0.00000
$.01 cent of tax generates $90K of tax
09/21/2015 Town Council Budget Proposal 14
CAPITAL PROJECT TITLE FY 15/16
Proposed
Fire Station Complex (Bonds) $ 2,815,000
Municipal Building (Cash) 1,800,000
Dove Rd Recon/Drain (Vaquero/TB) (Cash) 366,000
FM 1938/Dove Road Signalization (Cash) 260,000
Total Governmental Capital Projects 5,241,000
TRA Assumption of N-1 Sewer Line 96,435
Meter Reading & Equipment 77,000
Total Utility Fund Projects 173,435
TOTAL FUNDED CAPITAL PROJECTS $ 5,414,435
Section 9 page 245