HomeMy WebLinkAboutBudget presentation
PROPOSED FY16/17
$37.066M Revenues and Other Sources
•28% increase of $8.048M
$37.804M Expenditures and Other Uses
•32% increase of $9.238M
$ (738)K Net Change to Fund Balance (All Funds)
$ 16.336M Ending Fund Balance (All Funds)
General Fund, Enterprise, Internal, Special Revenue, Debt, Capital, Academy
09/19/2016 Town Council Budget Proposal 2
09/19/2016 Town Council Budget Proposal 3
Funds Workshop Current $ Change % Change
General Fund $ 8,983,854 $ 9,216,862 $ 233,008 2.6%
Enterprise Funds 3,681,992 3,742,810 60,818 1.7%
Internal Service Funds 929,203 468,805 (460,398) -49.5%
Special Revenue Funds 3,118,150 3,390,060 271,910 8.7%
Capital Projects Fund 9,486,785 9,726,900 240,115 2.5%
Total Revenues and Transfers 26,199,984 26,545,437 345,453 1.3%
-
General Fund 8,810,747 8,889,025 78,278 0.9%
Enterprise Funds 4,242,077 4,161,835 (80,242) -1.9%
Internal Service Funds 1,458,700 783,700 (675,000) -46.3%
Special Revenue Funds 3,282,856 3,965,085 682,229 20.8%
Capital Projects Fund 9,603,085 9,455,585 (147,500) -1.5%
Total Expenditures and Transfers 27,397,465 27,255,230 (142,235) -0.5%
General Fund 173,107 327,837 154,730 89.4%
Enterprise Funds (560,085) (419,025) 141,060 -25.2%
Internal Service Funds (529,497) (314,895) 214,602 -40.5%
Special Revenue Funds (164,706) (575,025) (410,319) 249.1%
Capital Projects Fund (116,300) 271,315 387,615 -333.3%
Revenues over(under) Expenditures $ (1,197,481) $ (709,793) $ 487,688 -40.7%
09/19/2016 Town Council Budget Proposal 4
Internal Service Funds
* Rev. decrease - $200K - transfer from UF
*Rev. decrease - $260K - Re -evaluation of Glenwyck duct bank project (contributions)
*Exp. decrease - $720K Glenwyck duct bank project
Special Revenue Funds
*Rev. increase - $ 230K - re-evaluation of $10K/lot timing (moved from 15/16)
*Rev. increase - $ 95K - PID revenues (primarily reimbursements/offset in exp.)
*Exp. increase - $ 230K - offset of revenue transfer out to CIP of $10K/lot
*Exp. increase - $453K - PID expenditure (received $740K insp. Fees in PY to offset)
Capital Projects Funds
*Rev. increase - $230K - Lot transfer from SRF
*Exp. decrease –$157K - Fire station decrease offset by Dove Road/FM 1938 signalization
IF ONLY MUNICIPAL OPERATING EXPENDITURES
were taken into consideration
(removal of all expenditures related to Capital Projects, Westlake Academy and Transfers)
the FY 16/17 proposed budget would show
AN INCREASE OF 7% = $988,665
compared to the FY 16/17 base budget
09/19/2016 Town Council Budget Proposal 5
Estimated
Budget
FY15/16
Proposed
Budget
FY16/17
Change
Amount
Change
Percent
Total Payroll & Related 4,054,867 4,761,495 706,628 17%
Total Expenditures 10,027,429 10,309,466 282,037 3%
TOTAL $ 14,082,296 $ 15,070,961 $ 988,665 7%
09/19/2016 Town Council Budget Proposal 6
AMOUNT DESCRIPTION
$ 111K Pay Adjustments
98K Addition - one full-time Firefighter/Paramedic
75K Addition - one full-time Building Inspector
97K Transition - Planning & Development Director
30K Transition - part-time Town Secretary’s Office/Admin Asst to full -time
75K transition - part-time Development Coordinator to full-time
94K transition - part-time Fire Marshal to full-time
09/19/2016 Town Council Budget Proposal 7
PERSPECTIVE ONE-TIME
COSTS
ON-GOING
COSTS TOTAL COSTS
Citizens, Students &
Stakeholders $ (28,655) $ (197,940) $ (226,595)
Financial Stewardship
(Increased Revenues) 9,456,321 472,284 9,928,605
Municipal & Academic
Operations (40,894) (20,838) (61,732)
People, Facilities, and
Technology (8,198,921) (870,207) (9,069,128)
GRAND TOTAL $ 1,187,851 $ (616,701) $ 571,150
09/19/2016 Town Council Budget Proposal 8
PROPOSED F I V E Y E A R P R O J E C T I O N
FUND TYPE FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21
General Fund $8,869,200 $8,779,332 $8,150,170 $7,005,770 $5,783,389
Enterprise Funds 1,689,871 2,253,049 2,839,233 3,447,139 4,202,758
Internal Service Funds 800,873 855,833 893,243 984,653 (340,937)
Special Revenue Funds 909,552 808,471 720,109 647,693 991,594
Capital Projects Funds 2,948,356 2,722,043 3,028,543 2,885,043 2,741,543
Academic Funds 1,118,819 1,208,701 1,233,870 1,368,701 1,427,210
TOTAL $16,336,672 $16,627,429 $16,865,168 $16,338,999 $14,805,557
09/19/2016 Town Council Budget Proposal 9
CAPITAL PROJECT TITLE FY 16/17
Proposed
Fire Station Complex $ 8,430,500
Outdoor Learning Center 64,000
E. Dove Road Recon & Drainage 691,085
FM1938/Dove Road Signalization 260,000
FM1938/Solana Road Signalization 10,000
TRA Assumption of N-1 Sewer Line 96,435
TOTAL FUNDED CAPITAL PROJECTS $ 9,552,020
09/19/2016 Town Council Budget Proposal 10
FY 15/16
Adopted
FY 16/17
Proposed
Change
Amount
M&O $ 0.13947 $ 0.12882 $ (0.01065)
I&S 0.01687 0.00813 (0.00874)
$ 0.15634 $ 0.13695 $ (0.01939)