city council august 30, 2011 finance & budget presentation
TRANSCRIPT
![Page 1: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/1.jpg)
Budget DiscussionAugust 30, 2011
![Page 2: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/2.jpg)
Calendar
![Page 3: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/3.jpg)
• General Fund Update• Water & Wastewater• Development Corporation• Budget Ordinance w/ Public Hearing• Property Tax Public Hearing
FY 2011-2012 Budget
![Page 4: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/4.jpg)
General Fund Update
Remaining Funds 1,859,749Franchise fees & Landfill rate 717,970
Property Tax Rate Decrease 1,055,000Salary Increase (incl. ben.) 940,554Capital Expenditures 500,000Available for Capital Expenditures 82,165
Remaining Funds -0-
![Page 5: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/5.jpg)
FY 2011-2012 Budget
Salary Increases• Under $50k, 5% Exceeds, 3.5% Meets• Over $50k, 4% Exceeds, 2% Meets
![Page 6: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/6.jpg)
FY 2011-2012 Budget
General FundFY
2010-2011FY
2011-2012Increase/
(Decrease)
Revenue 53,868,465 56,286,577 2,418,112
Expenditures 53,868,465 56,286,577 2,418,112
Revenue Over/(Under) Expenditures 0 0
![Page 7: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/7.jpg)
FY 2011-2012 Budget
Water FundFY
2010-2011FY
2011-2012Increase/
(Decrease)
Revenue 15,701,866 23,567,586 7,865,720
Expenditures 15,701,866 23,567,586 7,865,720
Revenue Over/(Under) Expenditures 0 0
![Page 8: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/8.jpg)
FY 2011-2012 Budget
Wastewater FundFY
2010-2011FY
2011-2012Increase/
(Decrease)
Revenue 10,134,600 10,165,600 31,000
Expenditures 10,132,946 10,131,364 (1,582)
Revenue Over/(Under) Expenditures 1,654 34,236
![Page 9: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/9.jpg)
FY 2011-2012 Budget
Development Corp.FY
2010-2011FY
2011-2012Increase/
(Decrease)
Revenue 6,186,494 6,986,881 800,387
Expenditures 6,186,494 6,986,881 800,387
Revenue Over/(Under) Expenditures 0 0
![Page 10: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/10.jpg)
FY 2011-2012 BudgetBudget Ordinance
• Approves and adopts the budget for Fiscal Year beginning October 1, 2011 and ending September 30, 2012 (Exhibit A)
• Adopts the employee compensation schedules (Exhibit B)
• Ratifies the 2010-2011 appropriations and amended budget ordinance
• Provides authority to make certain budget adjustments• Provides authority to City Manager to apply for grants
and execute any documents related to the grant thereafter (Exhibit C)
![Page 11: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/11.jpg)
FY 2011-2012 Budget
This budget will raise less total property taxes than last year’s budget by $163,572 (-0.60%), and of that amount $530,877* is tax revenue to be raised from new property added to the tax roll this year.
*Note that $694,449 is a tax revenue decrease due to a reduction in the ad valorem property tax rate.
![Page 12: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/12.jpg)
FY 2011-2012 Budget
Motion to approve and adopt the FY 2011-2012 budget and introduce the budget ordinance noting that
this budget will raise less total property taxes than last year’s budget by $163,572 (-0.60%), and of that amount $530,877* is tax revenue to be raised from new property added to the tax roll this year.
![Page 13: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/13.jpg)
Public Hearing• Proposed Budget
![Page 14: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/14.jpg)
Public Hearing• Tax Rate• $0.7860/$100
![Page 15: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/15.jpg)
Calendar
![Page 16: City Council August 30, 2011 Finance & Budget Presentation](https://reader036.vdocuments.us/reader036/viewer/2022062703/5553d26cb4c90574028b4b48/html5/thumbnails/16.jpg)
Budget DiscussionAugust 30, 2011