fy 2012 budget presentation
TRANSCRIPT
-
8/6/2019 FY 2012 Budget Presentation
1/37
FY 2012 Budget Presentation
PO Box 519419 N. Broadway StreetAbilene, KS 67410(785) 263-2550www.abilenecityhall.comhttp://abilene-ks.blogspot.com
-
8/6/2019 FY 2012 Budget Presentation
2/37
FY 2012 Budget Proposal
City Commission was presented with threeoptions:
1. No Net Increase in General Fund;
2. No Net Increase in All Tax-Levied Funds; or
3. Fully Fund All Requests.
-
8/6/2019 FY 2012 Budget Presentation
3/37
FY 2012 Budget Proposal City Commission worked towards a budget with no
net increase to the General Fund property tax
revenue.
Proposed increases provide appropriate level offunding for operations:
Airport Fund increased 1.9 mills; and Library Fund increased by 0.9 mills.
No proposed increases to water or sewer utilityrates.
-
8/6/2019 FY 2012 Budget Presentation
4/37
FY 2012 Budget Proposal
$11,560,962
$2,956,980
$1,241,193
Operating Funds
Capital Funds
Debt Service
Proposed Budget:$17,816,510
-
8/6/2019 FY 2012 Budget Presentation
5/37
FY 2012 Budget Proposal
$6,028,615
$1,907,455
$1,798,375
$530,222$367,500
$928,795
Operating Funds
General
Sewer
Water
Recreation CommissionSpecial Highway
Other
-
8/6/2019 FY 2012 Budget Presentation
6/37
FY 2012 Budget Proposal
$316,139
$234,232
$195,422
$125,860
$41,074 $16,068
Other Operating Funds
Library
Tourism andConvention
Airport
Recycling
Special Alcohol andDrug
Special Liability
-
8/6/2019 FY 2012 Budget Presentation
7/37
-
8/6/2019 FY 2012 Budget Presentation
8/37
FY 2012 Budget Proposal
$1,241,193$148,840
$426,403
Debt Service
Debt Service
Special Revenue
Community CenterSpecial RevenueLibrary/Pool
-
8/6/2019 FY 2012 Budget Presentation
9/37
2011 Mill Levy
1.5% increase in assessed valuation
2010: $51,764,450
2011: $52,531,105
One mill equals $52,531 in 2011.
The City can generate the same amount ofproperty taxes with a lower mill levy.
-
8/6/2019 FY 2012 Budget Presentation
10/37
Assessed Valuation and Mill Levy
0
5
10
15
20
25
30
35
40
$-
$10
$20
$30
$40
$50
$60
1994 1998 2002 2006 2010
Millions
ASSESSED MILL
Average: 31.111Assessed Valuation: 5.4%
37.723
22.023
36.351
-
8/6/2019 FY 2012 Budget Presentation
11/37
Mill Levy Impact
26.124 25.46520.507
1.283 2.592
7.203
4.523 4.523 5.4240.463
0.4642.17
0
5
10
15
20
25
30
35
40
2010 2011 2012
Capital Improvement
Fire Apparatus
Airport
Library
Debt Service
General
-
8/6/2019 FY 2012 Budget Presentation
12/37
Mill Levy Breakdown
City, $0.26
State, $0.01
County, $0.33
Rec Commission, $0.02
USD 435, $0.35
Hospital District, $0.02
Cemetery, $0.01
-
8/6/2019 FY 2012 Budget Presentation
13/37
Mill Levy Residential Impact
Approximate annualized affect on ad valoremproperty taxes for residential properties as
follows:
$65,000 home value: $17 increase
$150,000 home value: $39 increase $250,000 home value: $65 increase
-
8/6/2019 FY 2012 Budget Presentation
14/37
FY 2012 General Fund Revenues(rounded figures in millions of dollars)
$1.8
$1.3
$0.2
$1.2
$0.6
$0.4
$0.2$0.3
Unencumbered BalanceProperty Tax
Motor Vehicle Tax
Local Sales Tax
Franchise Fees
Intergovernmental Aid
Utility Transfers
Miscellaneous
-
8/6/2019 FY 2012 Budget Presentation
15/37
FY 2012 General Fund Expenditures(rounded figures in millions of dollars)
$2.0
$1.2$0.7
$1.2
$0.1
$0.3
$0.3 $0.2
Administration
Police
Fire
Streets
Flood ControlPark Facilities
Community Development
Court
Proposed Budget:$6,028,615
-
8/6/2019 FY 2012 Budget Presentation
16/37
General Fund Services
Law Enforcement
Animal Control
Fire Protection
Park Maintenance
Municipal Court
Planning
Building Inspections
Code Enforcement Street Maintenance Swimming Pool
-
8/6/2019 FY 2012 Budget Presentation
17/37
FY 2012 General Fund Notes
Internal Appropriations:
Police Patrol Vehicles: $129,000
Crack Sealing Machine: $40,000
Fire Chief Truck: $35,000
Tennis Court Resurfacing: $25,000
Tandem Axle Dump Trailer: $8,000
-
8/6/2019 FY 2012 Budget Presentation
18/37
FY 2012 General Fund Notes
Internal Appropriations (cont.):
Police Overtime: $20,000
Police Part-time Pay: $5,500
Firefighter Volunteer Pay: $3,000
CVB Transfer: $25,000
Capital Improvement Transfer: $100,000
-
8/6/2019 FY 2012 Budget Presentation
19/37
FY 2012 General Fund Notes
Outside Agency Appropriations:
Arts Council: $1,500
Great Plains Theater: $3,500
Municipal Band: $9,000
Quality of Life Coalition: $3,500
-
8/6/2019 FY 2012 Budget Presentation
20/37
Other Tax-Levied FundsFund Proposed Budget Ad Valorem Taxes
Debt Service 1 $1,241,193 $378,360
Airport $195,422 $114,000Library $316,139 $284,943
Fire Apparatus 2 $96,785 $30,000
Capital Improvement 2 $554,024 $25,000
1 Quasi-operational funds2 Capital funds (non-operational)
-
8/6/2019 FY 2012 Budget Presentation
21/37
Debt Service Fund Transfer of 5 mills from General Fund to Debt
Service Fund
Payments on G.O. Bonds issued for E. First StreetRehabilitation Project ($2.2 million).
Total annual debt payments of $2.3 million on
$28.1 million of outstanding debt obligations.
G.O. Debt restricted to 30% assessed valuation;2011 Statutory Debt Limit is $15.8 million (32%)
-
8/6/2019 FY 2012 Budget Presentation
22/37
Municipal Debt Portfolio
22%
0%
37%
2%
39%
0% 0% General ObligationBonds
Revenue Bonds
G.O. Special BenefitBonds
Lease Purchases
State Revolving Loans
Certificates ofParticipation
Temporary Notes
-
8/6/2019 FY 2012 Budget Presentation
23/37
Airport Fund
74% of proposed increase is for improvedoperations:
Pavement maintenance (runway and taxiway) perFAA requirements;
Snow removal; and
Structural repairs on T-Hangar.
25% of proposed increase builds cash reserve forairport operations and future airport projects.
-
8/6/2019 FY 2012 Budget Presentation
24/37
Airport Fund
Airport Advisory Committee recommendedincreasing T-Hangar lease rate from $60 to $90
per month (33% increase).
Increased revenue goes directly into airport
operations and capital improvements.
-
8/6/2019 FY 2012 Budget Presentation
25/37
Library Fund
Proposed increase is for changes in operations:
Recent renovation added floor space resulting in
increased utility expenses.
-
8/6/2019 FY 2012 Budget Presentation
26/37
Non-Tax-Levied FundsFund Proposed Budget Funding Source
Special Highway $367,500 Kansas Gas Tax
Recycling $125,860 Recycling FeesSpecial Parks and Recreation $27,102 Local Alcohol Tax
Special Alcohol and Drug $41,074 Local Alcohol Tax
Storm Drainage $401,696 Storm Drainage Fee
Tourism and Convention $234,232 Transient Guest Tax
-
8/6/2019 FY 2012 Budget Presentation
27/37
Non-Tax-Levied FundsFund Proposed Budget Funding Source
Special Liability $16,068 Transfer
Equipment Reserve $240,000 TransferWater Equipment Reserve $407,777 Transfer
Sewer Equipment Reserve $654,353 Transfer
Special Revenue Community Center $148,840 Sales Tax (sunset)
Special Revenue Library/Pool $426,403 Sales Tax
Recreation Commission 1 $530,222 Property Tax
1 Mill levy approved by Recreation Commission
-
8/6/2019 FY 2012 Budget Presentation
28/37
FY 2012 Water Fund Revenues(rounded figures in millions of dollars)
$1.5$0.2
$0.2
$0.2
$0.3
Water Sales
Unencumbered Balance
Penalties
Water Protection Fee
Miscellaneous
-
8/6/2019 FY 2012 Budget Presentation
29/37
FY 2012 Water Fund Expenditures(rounded figures in millions of dollars)
$0.5
$0.3
$0.2$0.7
$0.6Production
Distribution
Administration
Transfer
Debt Service
Proposed Budget:$1,798,375
-
8/6/2019 FY 2012 Budget Presentation
30/37
Water Fund Expenditures Breakdown
Production, $0.31 Distribution, $0.19
Administration, $0.13
Transfers, $0.04 Debt Service, $0.33
-
8/6/2019 FY 2012 Budget Presentation
31/37
-
8/6/2019 FY 2012 Budget Presentation
32/37
FY 2012 Sewer Fund Expenditures(rounded figures in millions of dollars)
$0.5
$0.3
$0.2$0.7
$0.6 Production
Distribution
Administration
Transfer
Debt Service
Proposed Budget:$3,248,075
-
8/6/2019 FY 2012 Budget Presentation
33/37
Sewer Fund Expenditures Breakdown
Collection, $0.05
Treatment, $0.13
Transfers, $0.04
Commercial, $0.61 Debt Service, $0.19
-
8/6/2019 FY 2012 Budget Presentation
34/37
Next Steps City Commission may take the following actions:
Approve FY 2012 Budget as presented;
Approve FY 2012 Budget with changes, except thatchanges may not exceed published tax levies; or
Republish Notice of Budget Hearing to considerbudget with tax levies in excess of those published.
-
8/6/2019 FY 2012 Budget Presentation
35/37
Next Steps City Commission conducts Public Hearing at
July 25 meeting.
City Commission to consider FY 2012 Budget forapproval at August 8 meeting.
Approved budget submitted to County Clerk byAugust 25.
Fiscal year commences January 1, 2012.
-
8/6/2019 FY 2012 Budget Presentation
36/37
Additional InformationThis presentation and other resources will be made
available on the Citys website:
FY 2012 State Budget Form
FY 2012 Budget Brief
General Budgetary and Financial Policy
Debt Schedule
-
8/6/2019 FY 2012 Budget Presentation
37/37
FY 2012 Budget Presentation
PO Box 519419 N. Broadway StreetAbilene, KS 67410(785) 263-2550www.abilenecityhall.comhttp://abilene-ks.blogspot.com