CC 2013-05-20_05.a. Budget PresentationBIENNIAL BUDGET REPORT
Fiscal Year 2013-14/ FY 2014-15
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OVERVIEW
Good News: FY 2012-13 Projected Revenues Exceed Expenditures
Bad News: Remaining Shortfall
Good News: Decreased Shortfall
Addresses Goals Approved by Council
Maintains Service Levels
No Increases for Service and Supplies
Minimized Capital Purchases
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BUDGET TOTALS
Total FY 2013-14 $23,955,695
Total FY 2014-15 $23,009,212
Total General Fund FY 2013-14 $13,608,385
Over 2.5% decrease
.2% decrease when considering one-time revenues and expenditures
Total General Fund FY 2014-15 $14,029,090
Slightly over 3%
Less than 2% when considering one-time revenues and expenditures
General Fund Balance Projected to Exceed 20%
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BUDGET TOTALS
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GENERAL FUND REVENUES
Property Tax
Over 5.5% drop in FY 2012-13 with one-time revenues
Projected to level off in FY 2013-14
2% in FY 2014-15
Sales Tax
3.5% increase in FY 2012-13
2% increase projected in FY 2013-14 and FY 2014-15
TOT
20% increase in FY 2012-13 due to Hampton Inn
Projected to level off in FY 2013-14
2% increase projected in FY 2014-15
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GENERAL FUND REVENUES
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SEWER FUND
FY 2013-14
Revenues: $1,036,000
Expenditures: $981,280
Fund Balance: $686,281
FY 2014-15
Revenues: $1,056,000
Expenditures: $939,820
Fund Balance: $802,461
Meets Fund Balance Goal for First Time
Funds Sewer Master Plan Projects
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WATER FUND
FY 2013-14
Revenues: $4,083,600
Expenditures: $3,820,245
Fund Balance: $12,497,578
FY 2014-15
Revenues: $4,083,600
Expenditures: $3,893,575
Fund Balance: $12,687,603
Meets Fund Balance Goal
Funds Water Master Plan Projects
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GENERAL FUND BUDGET SHORTFALLS
FY 2013-14: $195,245
FY 2014-15: $155,070
Labor Negotiations
Cost Savings Measures
Goal to Balance Budget During Fiscal Year
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BUDGET GOALS
Brisco Interchange
Pavement Management
Sidewalk Repairs
Police Department Facility Needs
Corporation Yard Facility Needs
Water Supply and Conservation
City Charter Planning Process
Customer Service
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BUDGET GOALS
Replacement of Network Servers
Replacement of Phone System
Update of Land Use Element
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AFFORDABLE HEALTH CARE ACT
Medical Plan for Employees 30+ Hours
Methodology for Positions Covered
Positions needed to maintain service levels
Positions proposed to remain part-time long-term
Positions Covered
Public Works Custodial Maintenance Worker
Police Department Reserve Officer Detective
Planning Assistant
2 Community Development Office Assistants
3 Children in Motion Head Teachers
Fire Department Still Under Review
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CAPITAL IMPROVEMENT PROGRAM
Le Point Street Parking Lot
Car Corral
ADA Improvements
Traffic Signal
Don Roberts Field Lights
East Grand Avenue Undergrounding Utilities
Sewer Lift Station No. 4 Rehabilitation
Fair Oaks Water Main Improvements
Leanna Drive Creek Crossing Water Upgrade
Well No. 11 Construction
Reservoirs No. 3 and No. 4 Coating/ Seismic
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LONG RANGE FINANCIAL PLAN
Preliminary
Modest Revenue Increased/ Reduced out Years
Pension Plan Increases
Modest Salary Increases
Capital Equipment Replacement
Limit Local Sales Tax funds to Prior Approval
Local Sales Tax Meets Long-Term Needs
Balanced and Increased Reserves
Need to Further Increase Reserves
Based on balancing first two years
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Questions?
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