FY 2018-2019 May 1, 2018 MANAGERS RECOMMENDED BUDGET 1. High Level - PowerPoint PPT Presentation

FY 2018-2019 May 1, 2018 MANAGER’S RECOMMENDED BUDGET

1. High Level View 2. Positions 3. Major Keeps 4. Council Considerations 5. Major Ongoing Initiatives

THE BUDGET PROCESS Departments begin preparing and submitting information from Dec – Feb Public Hearing on Budget in February Departments meet with Budget Team in March Budget Team reviews and requests additional information from Departments in March Departments meet with Budget Team to help balance the budget in April Budget Team finalizes Manager’s Recommended Budget in April Council reviews and discusses in May Manager presents budget to community in May with 2 nd Public Hearing Council adopts budget in May or early June

General Fund - All Expenditures 30,000,000.00 25,000,000.00 20,000,000.00 15,000,000.00 10,000,000.00 5,000,000.00 - 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 Salaries and Benefits Operating Expenses and Contract Services Programs and Special Appropriations Debt Service Capital Outlay

Sales Tax Revenue 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 Budget Actual 2,000,000 1,500,000 1,000,000 500,000 - 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

Ad Valorem Tax Revenue 12,000,000 10,000,000 8,000,000 Budget 6,000,000 Actual 4,000,000 2,000,000 - 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

Utility Franchise Revenues 1,200,000 1,000,000 800,000 Budget 600,000 Actual 400,000 200,000 - 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

Building Permit Revenue 1,200,000 1,000,000 800,000 Budget 600,000 Actual 400,000 200,000 - 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

GF Debt Service 3000000 2500000 2000000 1500000 1000000 500000 0 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

General Fund Debt to Expenditures 30,000,000 25,000,000 20,000,000 Expenditures 15,000,000 GF Debt Service 10,000,000 5,000,000 - 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019

FINANCIAL POLICY OUTCOMES FB as a % of Budgeted Expenditures Adopted Council Goal: 31% or greater (but never below 20%) Estimated: 44.27% Within Policy

FINANCIAL POLICY OUTCOMES Estimated Available Fund Balance Adopted by Council: >20% Estimated: 36.2% Within Policy

FINANCIAL POLICY OUTCOMES Debt as % of Estimated Market Value of Taxable Property Adopted Council Goal: <2.5% Estimated: .79% Within Policy

FINANCIAL POLICY OUTCOMES Debt Service as % of Expenditures Adopted by Council: <15% Estimated: 9.0% Within Policy

FINANCIAL POLICY OUTCOMES Aggregate 10-Year Payout Ratio Adopted Council Goal: >55% Estimated: 77.9% Within Policy

FINANCIAL POLICY OUTCOMES Cash on Hand – Enterprise Funds Water Sewer Fund Policy at least 200.75 days Electric Fund Policy at least 98.55 days Water Sewer Fund 262 days Electric Fund 135 days Within Policy

ANY QUESTIONS?

TO CONSIDER Video Council Meetings Digital Upgrade to Council Chambers Minimum Housing 150 Year Celebration Council Contingency Public Art Advisory Board Wagoner House Study (not in budget) – Building Security Community Development Central Intake Desk Area Capital Improvement Plan Rate & Tax Increases

2018-2019 Fiscal Year Budget Personnel Requests Total Cost for Fiscal Proposed Positions Positions Position Expenses - As Position Expenses - Year 2018- Department Classification Title Start Date Requested Recommended Recommended Annualized Cost 2019 Police Officer (GHSP grant position) 10/1/2018 3 2 45,046 60,061 90,092 Evidence Clerk 7/1/2018 1 0 15,868 15,868 - Accredidation Manager 7/1/2018 1 0 59,445 59,445 - Support Services Manager 7/1/2018 1 0 13,251 13,251 - School Crossing Guard 7/1/2018 3 3 11,949 11,949 11,949 Fire Sr. Administrative Support Specialist * 7/1/2018 1 1 64,526 64,526 64,526 Fire Captains 1/1/2019 3 0 117,867 235,734 - Fire Fighters 1/1/2019 9 0 279,938 559,876 - Fire Inspector 1/1/2019 1 1 32,119 64,238 32,119 Inspections Building Inspector 7/1/2018 1 1 42,467 42,467 42,467 Building Codes Inspection Superintendent 7/1/2018 1 1 114,014 114,014 114,014 Engineering Stormwater Engineer 7/1/2018 1 0 74,738 - - Recreation Park Maintenance Specialist * 9/1/2018 1 1 34,896 46,528 34,896 Water/Sewer Property Maintenance Technician 7/1/2018 1 0 53,532 53,532 - Utility Maintenance Mechanic 7/1/2018 2 2 102,430 102,430 102,430 Utility Maintenance Crew Leader 7/1/2018 1 0 56,385 56,385 - Totals 31 12 1,118,471 1,500,304 492,493 * Part time to full time

PERSONNEL KEPT IN BUDGET 2.2% COLA effective Jul 1 – $343,000 (1% - 3%) Merit effective Jan 1 – $183,500 Pay & Classification Adjustment effective Jul 1 – $248,000

CAPITAL ITEMS KEPT IN BUDGET GF - Town Hall Parking Lot Expansion - $400,000 GF - Town Council Broadcast Equipment - $41,020 GF - New Meter Reading Van - $24,593 GF - Police Vehicles and Equipment - $457,135 GF - Fire Department Pumper Tanker - $588,720 GF, WS & EL - Warehouse Driveway and Turn Lane - $150,000 GF - Sidewalk Projects - $69,000 GF - Street Improvements - $1,256,088

CAPITAL ITEMS KEPT IN BUDGET GF - First Street – Railroad Parking - $99,777 GF - Sam’s Branch Trail Head and Paving - $121,200 GF - F-450 Dump Truck Replacement - $96,000 GF - Inspection Vehicles - $55,000 GF - Hustler Mower - $13,000 GF - Multipurpose Mower/Aerator/Blower - $47,360 GF - F-150 Pickup - $28,000 GF - Digital Upgrade for Council Chambers - $40,564

CAPITAL ITEMS KEPT IN BUDGET WS - Fiber Connectivity for WWTP - $73,117 WS - Water Line Improvements - $283,155 WS - Sewer Line Improvements - $2,147,501 WS - Water/Sewer Vehicles - $113,660 WS - CAT Backhoe - $165,000 EL - Electric System Expansion - $885,750 EL - Electric Vehicles - $76,570

Operating Expense Increases > $10,000 Fund Category Increase General Professional Services 108,795 General Equipment Purchase 86,507 General Maintenance and Repair - Grounds 71,698 General Training and Travel 50,720 General Recycling Fees 50,708 General Maintenance and Repair - Buildings 49,223 General Insurance and Bonds 35,368 General Fuel 30,718 General Trash Hauling 28,937 General Departmental Supplies 24,094 General Yard Waste Disposal 22,288 General Dues and Subscriptions 21,710 General Clean Up Activity 15,000 General Advertising Expense 11,965 General Utility Expense - Other 11,183 General Miscellaneous 10,703 General Safety 10,109 General Fund Total 639,726 Water/Sewer Jo Co Wastewater Treatment 352,470 Water/Sewer Raleigh Wastewater Treatment 180,950 Water/Sewer Professional Services 146,620 Water/Sewer Maintenance and Repair - Lift Stations 52,785 Water/Sewer Utility Expense - Electricity 23,967 Water/Sewer Contract Services 18,395 Water/Sewer Maintenance and Repair - Elevated Tank 16,500 Water/Sewer Utility Expense - Other 13,392 Water/Sewer Fund Total 805,079 Electric Contract Services 22,273 Electric System Expansion 16,000 Electric Fund Total 38,273