FY2017 Annual Budget Fiscal Y l Year ear 2017 Budget and and Fi Five-Year C r Capi pital I Improvement P Plan
FY2017 Annual Budget Overview • The City Council completed budget workshops on July 12 th and 13 th providing important feedback and direction to staff for developing the proposed budget. • Following these workshops, city staff evaluated final revenue estimates and expenditure projections for FY 2016/17 and included the City Council’s feedback to develop the City Manager’s Proposed Budget. • The proposed budget was filed with the City Secretary on Friday, July 22 th in compliance with the City Charter.
FY2017 Annual Budget Budget Theme Response to Implement Issues of Council Goals Growth Continue with Key Initiatives
FY2017 Annual Budget Development Pipeline Map • US Census recently declared: Georgetown is the fastest growing City over 50,000 in the nation • Growth rate: 7.8%
FY2017 Annual Budget Built Environment– Residential Fiscal Year 2016 (projected) • 731 - In-city new single-family starts • 906 - In-city multi-family unit starts • 405 - ETJ new single-family starts • 800 - new platted residential lots Fiscal Year 2017 (projected) • 800 - In-city new single-family starts • 350 - In-city multi-family unit starts • 450 - ETJ new single-family starts • 900 - new platted residential lots
FY2017 Annual Budget Council Goals Promote a Culture of Inclusion and Opportunity Attract and Ensure Financial Retain Quality Stewardship Employees Council Goals Produce a Customer Improved Service Internal Process Organization
FY2017 Annual Budget Continue Key Initiatives • Major transportation improvements – Southwest Bypass – Mays Street extension – FM1460 – Austin Avenue bridges – Rivery Boulevard extension planning • Transit planning • Retail Study • Williams Drive Corridor Study • Implement Customer Information System (CIS)
FY2017 Annual Budget Continue Key Initiatives • Parks and Quality of Life – Garey Park – construction in 2017 – San Gabriel park – Phase I construction • Conference center – coordination with Sheraton for marketing and sales • First Year of EMS Operations
FY2017 Annual Budget Continue Key Initiatives • Utility growth – Western District consolidation – Major water and wastewater infrastructure – Municipal Utility District requests – Transfer station upgrades/planning • Sanitation contract negotiations – Transfer station upgrade planning
FY2017 Annual Budget Areas of Focus • Assuring quality growth • Continued increase in maintenance of existing assets • Implement voter approved bond projects and limit tax rate impact • Award winning downtown and parks – maintain quality of life and small town charm • Plan for next phases of growth
FY2017 Annual Budget Key Elements for the FY 2017 Budget • The City Manager’s Proposed budget totals $325 325,48 485, 5,27 272 in expenditures the FY2017 Municipal Budget which represents a 8.7% decrease from the FY2016 adjusted budget – Variance due to capital projects • General Fund: – The General Fund is proposed with total revenues of $56,063,595 and expenditures of $57, 57,492, 492,644 44 which represents a 4.8% increase over FY2016
FY2017 Annual Budget G ENE RAL F UND NERA ND
FY2017 Annual Budget Key Elements for the FY2017 Budget: General Fund • Property Tax Valuations: – Total assessed valuation is certified at 6.5 billion, which is an overall increase of 11% increase over last year – New and annexed value represents $193M – Existing property increased 6.6% over last year – Frozen and Disabled exemptions values increased 12.8% to $2.15 billion, which represents 34% of our tax base – The average taxable home value increased $18,804 (8%) over the past year to $253,320 for 2016.
FY2017 Annual Budget Key Elements for the FY2017 Budget: General Fund • Proposed Property Tax Rate (Tax Year 2016): – The proposed tax rate is $0.424 per $100 valuation, which is a decrease of $.01 from the 2015 Tax Rate. • The effective tax rate is $0.393635, which represents the rate that would be needed to produce the exact same revenue as the previous year • The rollback rate is $0.427892 • The estimated tax increase for the average homeowner (on a $253,320 value) would be $56.28 annually. – This tax rate includes necessary funding for proposed operations and the standard debt plan – The proposed tax rate also includes the sale of $10 million of voter approved debt for the Road Bond and $3 million of voter approved debt for Garey Park
FY2017 Annual Budget Fiscal Year Tax Comparisons • Fi Fiscal Y Yea ear 201 2016 • Fi Fiscal Y Yea ear 201 2017 • Average Taxable Home • Average Home Value Value $253,320 $234,516 • City Tax Paid • City Tax Paid $1,074.08 $1,017.80 Difference: $56.28
FY2017 Annual Budget Sales Tax Revenue – FY2017 (General Fund) • FY2017: $12.819M or 3.7% over projected year end
FY2017 Annual Budget Utility ROI and Other Revenue • Return on Investment - the community’s return for owning its own utilities – Increasing due to customer growth • Development revenue projected to continue to follow current trends • Sanitation revenue - Contracted services for trash and recycling • Other revenues - continue to increase or remain stable
FY2017 Annual Budget Key Elements for the FY 2017 Budget: General Fund • Revenue Adjustments (post workshops): – City staff have identified $388K in additional estimated revenue above the totals provided in the July 12 th and 13 th budget workshops. – These include reducing property tax revenue and increasing sales tax, sanitation and other revenue
FY2017 Annual Budget Key Elements for the 2015-2016 Budget: General Fund • Expense Adjustments: – City staff have identified $387K in adjustments to expenditures the totals provided in the workshops – These include corrections to: • Increase sanitation contracted expense to meet revenue projections • Public works position • Fire assessments for promotions
FY2017 Annual Budget Employee Compensation & Benefits • Merit Increases – 2% average effective in February 2017 (non civil service employees) • Step increases for civil service • Market Increases – based upon actual positions/market conditions • Tuition reimbursement program - $100K • No increases in health insurance for City or employee contribution • Ongoing wellness funding
FY2017 Annual Budget General Fund – Proposed New Personnel Summary Fire – to meet staffing needs/reduce overtime 3 • Fire - EMS compliance officer 1 • – 50% to EMS fund – 50% General • Police - Emergency com operators 2 • Police - School Resource Officer 1 (50% participation by GISD) – Inspections - Assistant Building Official 1 • Public Communications - Info Specialist (Reclass) 1 • Library - Community Resource Coord. (grant) 1 • 2 Part time Tennis Center & Rec Center 1 • Garey Park position (begins in Spring) 1 • Public Works director 1 • Total 13 •
FY2017 Annual Budget Operating Budget Highlights • Parks a and Recr creation – Garey Park - $85K • One employee to begin marketing and planning events • Maintenance costs during construction – Special Needs Camp increase (offset by revenue) – Increase in mowing contract - $25K – Continued annual $75K transfer to cemetery fund • Begin planning for columbarium
FY2017 Annual Budget Operating Budget Highlights • Public c Libra rary – Book purchase/materials increase- $20,000 • City S ty Secretary’s O Offi fice – Historic Records preservation - $55K • Str treets – ROW Maintenance - $25K
FY2017 Annual Budget Operating Budget Highlights Transportation D Division R Reorganization • Reorganization in transportation area planned – Establish a Public Works division to enhance infrastructure maintenance services – Transportation planning will be a function within public works • Transportation engineering would move under Engineering to more centrally focus on project delivery/capital project plan implementation • Building Inspections would move out of Engineering to report to an ACM to create synergies within Planning and enhance our development process
FY2017 Annual Budget One Time Study Requests $123,000 • Planning - Comprehensive Plan Update $5,000 • Planning - UDC Transportation Review $20,000 • Communications - brand dev/guidelines • General Government $150,000 – Financial/HR System selection $120,000 – Fiscal impact model/cost serve $35,000 – Affordable housing tools • Total $453,000
FY2017 Annual Budget Council Discretionary Fund 2017 Anticipated/Budgeted Year End Funding $ 1,532,000 Increase in 90 day contingency $ (75,000) Recommended one-time costs for Police, Fire, Parks, Streets $ (254,000) and Records Recommended one time studies Comp Plan update $ (123,000) UDC/Transportation update $ (5,000) Housing Plan tools/implementation $ (35,000) FIS/HRIS criteria and selection $ (150,000) Brand development & design guidelines $ (20,000) Fiscal Impact Model/Cost to Serve Model $ (120,000) Subtotal - "one time studies" $ (453,000) Transfer to Council SRF from 2016 YE $ 750,000
FY2017 Annual Budget D EBT BT
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