PROPOSED OPERATIONS BUDGET FISC SCAL Y YEAR AR 2019-202 2020 ANOTHER STEP FORWARD JUNE 2019 CITY OF LINDSAY | BRET HARMON | DIREC TOR OF FINANCE
Section 1 Funds •General Fund •Enterprise Funds •Committed, Restricted, and Special Revenue Funds •Debt Service Section 2 Capital Improvements Agenda •Capital Projects •Capital Equipment Draft Budget Overview Section 3 People •New Positions •Full-Time Equivalents by Department •Compensation & Benefits Section 4 Other •Transfer Schedule •GANN Limit Section 5 Summary •What to Remember Slide 2
Funds Section 1
PROJECTED PROPOSED FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 5,976,600 5,524,300 General 4,850,200 4,264,600 4,091,400 Fund • General Fund continues $502,900 to dig out of a negative $379,400 $356,000 fund balance position. $(515,900) $(571,300) • Measure O expected to exceed $1.1M • One-time or new revenues: 1. Proceeds from sale (4,780,500) (4,662,700) (4,347,300) of Sierra Vista Plaza (5,144,900) (5,620,600) $212,000. 2. Cannabis retail tax revenue of $125,000. Revenue Expenditure Net Slide 4 ⃝ Updated salary allocation schedule and replacement of large-scale printer in PW.
PROJECTED PROPOSED FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 2,134,600 1,963,500 1,676,500 1,537,500 1,321,600 Water • The Water Fund does $259,900 $188,900 not generate enough $64,600 $54,200 $41,300 revenue to cover its capital improvement needs. • General Fund condition prevents City from borrowing for CIP. (1,257,000) (1,348,600) (1,416,600) (1,922,200) (2,080,400) Revenue Expenditure Net Slide 5 ⃝ Updated salary allocation schedule.
PROJECTED PROPOSED FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 1,489,500 1,385,700 1,347,600 1,322,700 1,255,100 Sewer $339,100 • $314,600 The Sewer Fund does $263,900 $183,900 not generate enough $28,400 revenue to cover its capital improvement needs. • General Fund condition prevents City from borrowing for CIP. (1,071,200) (1,058,800) (1,008,500) (1,071,100) (1,461,100) Revenue Expenditure Net Slide 6 ⃝ Updated salary allocation schedule.
PROJECTED PROPOSED FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 1,132,900 969,100 951,400 929,200 930,200 Refuse 273,100 • Service fees do not meet 89,500 the cost for the service. (1,400) (13,300) (64,800) (859,800) (861,900) (942,500) (970,500) (995,000) Revenue Expenditure Net Slide 7 ⃝ Updated salary allocation schedule.
PROJECTED PROPOSED FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Wellness & 764,400 727,500 685,600 Aquatic 538,800 Center 402,800 • General Fund must 109,200 transfer $81,700 more 2,000 200 than budgeted in 2018- 2019 • Risk of Lindsay Hospital (87,000) (114,600) District Board dramatically reducing funding support. (517,400) (618,300) (625,800) (683,600) (764,200) Revenue Expenditure Net Slide 8
PROJECTED PROPOSED FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 2,425,800 McDermont 1,734,700 Field House 740,400 • McDermont Field House is now McDermont X. 0 0 • Privately operated 0 (19,000) • (189,500) The City is the landlord. (466,800) • The General Fund pays (829,900) the debt service. (1,207,200) (2,564,600) (2,615,300) Revenue Expenditure Net Slide 9
Net Performance Committed PROJECTED PROPOSED COMMITTED FUNDS FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 200-STREET IMPROVEMENT & Restricted (157,800) 1,377,700 1,065,000 10,000 10,000 FUND Funds 471-PARK IMPROVEMENTS 13,000 8,500 41,100 11,200 11,500 • Fund 263 and Fund 266 used to be the same PROJECTED PROPOSED fund [Fund 263]. RESTRICTED FUNDS FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 • The City separated the 261-GAS TAX FUND (57,600) (53,400) 58,700 97,200 26,800 funds to improve monitoring of Measure 263-MEASURE R (278,900) 62,600 (1,106,600) 71,300 8,400 R and LTF. 264-GAS TAX-TRANSIT FUND (21,600) 100 100 300 300 265-STP HWY FUNDS (15,900) 129,500 131,000 - - 266-LTF-ART 8 STREETS & 408,700 437,700 1,187,600 514,300 93,300 ROADS Slide 10 ⃝ Updated salary allocation schedule.
Net Performance Special PROJECTED PROPOSED SPECIAL REVENUES FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Revenue 556-VITA-PAKT 700 900 (800) 14,500 8,900 Funds 883-SIERRA VIEW 1,500 (1,000) (2,800) 3,200 1,100 884-HERITAGE PARK 1,900 900 (5,000) 3,300 300 • VITA-PAKT • Landscape & Lighting 886-SAMOA 1,300 700 (1,200) (900) - assessment districts 887-SWEETBRIER (2,500) (1,700) 3,500 (2,600) 300 TOWNHOUSES 888-PARKSIDE ESTATES 1,400 1,300 (1,000) 1,900 900 889-SIERRA VISTA 300 (1,300) 27,100 (700) 300 890-MAPLE VALLEY 5,400 - (3,000) (200) 100 891-PELOUS RANCH 2,800 8,500 7,700 (6,200) 400 Slide 11 Refined data for FY 2019 and FY 2020 as planned and communicated during 6/11 meeting.
$1,080,242 $1,053,200 $1,030,200 $1,025,300 $1,013,700 349,100 349,100 349,100 Debt 346,400 349,100 SEWER Service WATER 109,900 WELLNESS CENTER 126,600 • Annual Cost in Debt 125,700 125,700 RES: TULARE RD 121,000 Service GF: LIBRARY 132,300 • 132,300 City pays debt service GF: McDERMONT 131,700 131,000 126,500 according to schedule GF: TCAG 120,900 GF: FIRE ENGINE • GF = General Fund 121,200 121,900 121,700 121,500 36,900 TOTAL • 37,000 RES = Restricted Fund 37,000 37,000 37,000 187,600 191,200 192,600 191,800 191,900 52,400 4,600 91,200 91,142 72,200 71,700 66,700 - - - FY 2016 FY 2017 FY 2018 PROJECTED PROPOSED FY 2019 FY 2020 Slide 12
874,800 834,000 791,500 784,449 717,000 627,600 CalPERS 550,249 • Unfunded Liability FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 FY 24-25 Slide 13
Capital Improvements Section 2
PROPOSED POTENTIAL POTENTIAL POTENTIAL POTENTIAL IMPROVEMENTS FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 SCBA EQUIPMENT 110,000 - - - - HVAC - CITY HALL COMPLEX & 20,000 80,000 - - - YARD / PS HEATER CARPORT RENOVATION 20,000 - - - - General PUBLIC SAFETY FACILITY STUDY - - 50,000 - - CORPORATION YARD • 40,000 210,000 - - - The City does not have IMPROVEMENTS enough funding to CITY HALL & PS RENO. (ELEC. / - 150,000 200,000 250,000 complete all CIP. MECH.) - CITY PROPERTY IMPROVEMENTS - 50,000 50,000 - 150,000 TOTAL COSTS 190,000 490,000 300,000 250,000 150,000 TOTAL RESOURCES 190,000 190,000 190,000 190,000 190,000 NET - (300,000) (110,000) (60,000) 40,000 Slide 15
PROPOSED POTENTIAL POTENTIAL POTENTIAL POTENTIAL IMPROVEMENTS FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 55,000 - - - - ADA TRANSITION / SELF-EVAL. PLAN ALLEY RECONSTRUCTION 125,000 175,000 100,000 100,000 100,000 CAPE SEAL: HERMOSA ST 125,000 - - - - INTERSECTION REHAB: 50,000 - - - - FOOTHILL/TULARE PEDESTRIAN PATHWAYS STUDY 25,000 - - - - 125,000 - - - - REHABILITATION: CENTER STREET 150,000 - - - - REHABILITATION: HARVARD ST Streets REHABILITATION: HERMOSA ST 2 295,000 - - - - REHABILITATION: HONOLULU ST 75,000 - - - - • The City plans to complete ~$1.5M in 250,000 - - - - REHABILITATION: LINDA VISTA LOOP street projects per year. 30,000 - - - - RENOVATION: CITY HALL PARKING SEAL PROJECTS 235,000 325,000 250,000 250,000 250,000 GUTTER & RAMPS: KERN ST 1 - 85,000 - - - - 85,000 - - - GUTTER & RAMPS: KERN ST 2 - 85,000 - - - REHABILITATION: BUREM LN REHABILITATION: FOOTHILL AVE - 200,000 - - - REHABILITATION: SAMOA ST - 95,000 - - - REHABILITATION: WESTWOOD AVE 1 - 200,000 - - - - 235,000 - - - REHABILITATION: WESTWOOD AVE 2 - - 1,140,000 1,145,000 1,150,000 PROJECT VALUES IN YEAR 3-5 TOTAL OUTFLOWS FOR STREET 1,540,000 1,485,000 1,490,000 1,495,000 1,500,000 PROJECTS Slide 16
PROPOSED POTENTIAL POTENTIAL POTENTIAL POTENTIAL SOURCES FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FUND 200: STREET 561,400 570,000 575,000 580,000 585,000 IMPROVEMENT FUND FUND 261: GAS TAX 230,000 200,000 200,000 200,000 200,000 FUND 263: MEASURE R 70,000 60,000 60,000 60,000 60,000 Streets FUND 265: SURFACE 145,000 130,000 130,000 130,000 130,000 TRANSPORTATION • Committed and FUND 266: LTF & ROADS 485,000 475,000 475,000 475,000 475,000 Restricted funds pay for street projects. FUND 554: REFUSE 50,000 50,000 50,000 50,000 50,000 TOTAL RESOURCES FOR STREET 1,541,400 1,485,000 1,490,000 1,495,000 1,500,000 PROJECTS TOTAL COSTS 1,540,000 1,485,000 1,490,000 1,495,000 1,500,000 NET 1,400 - - - - Slide 17
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