Town of Geddes 2011 Preliminary Budget Presentation Thursday, - PowerPoint PPT Presentation

Town of Geddes 2011 Preliminary Budget Presentation Thursday, November 4, 2010

General Fund All transactions are recorded in the General Fund unless the law provides otherwise Town Wide Fund (A-Fund )- functions that are applicable to all Town taxpayers Part-Town Fund (B-Fund)- functions pertaining only to taxpayers livings outside the Village of Solvay

Functions Charged to General Fund- Whole Town (A) • Town Buildings • Town Board • Town Supervisor • Dog Control • Justice Court • Highway Admin • Comptroller • Parks and Recreation; • Outside Auditor Youth & Seniors • Assessor • Historian • Receiver of Taxes • Benefits for employees • Town Clerk charged to fund • Records Management • Debt for functions • Town Attorney & recorded in fund Engineer

Functions Charged to General Town Fund, Part-Town (B) • Police • Benefits for employees charged to fund • Street Signs • Debt for functions • Crossing Guards recorded in fund • Code Enforcement • Solvay Library • Planning Board • Zoning Board

Highway Fund (DB) Costs for the maintaining of roads, including road repairs, snow removal, weeds and brush removal. Taxpayers living outside the Village of Solvay pay for these costs

Total Spending(A, B, DB Funds) 2011 $7,611,797 2010 $7,992,109 Inc(Dec) ($380,312) % -4.8%

Spending by Fund Inc (Dec) 2011 2010 $ % General Fd, Whole Town (A) $2,406,561 $2,540,426 ($133,865) -5.3% General Fd, Part Town (B) $2,369,038 $2,400,457 ($31,419) -1.3% Highway Fund (DB) $2,836,198 $3,051,226 ($215,028) -7.0% Total $7,611,797 $7,992,109 ($380,312) -4.8%

2011 SPENDING BY CATEGORY DEBT PAYMENTS, $403,197 , 5% CONTRACTUAL, $1,472,829 , 19% PAYROLL, $3,172,500 , 42% CAPITAL, $167,685 , 2% BENEFITS, $2,395,586 , 32%

Spending Comparison by Type Inc (Dec) 2011 2010 $ % PAYROLL $3,172,500 $3,403,383 ($230,883) -6.78% BENEFITS $2,395,586 $2,226,487 $169,099 7.59% CAPITAL $167,685 $204,673 ($36,988) -18.07% CONTRACTUAL $1,472,829 $1,604,437 ($131,608) -8.20% DEBT PAYMENTS $403,197 $553,129 ($149,932) -27.11% Total $7,611,797 $7,992,109 ($380,312) -4.76%

Payroll  General Fund, Whole Town (A)  General Fund, Part-Town (B)  Highway Fund, Part-Town (DB)  Represents 42% of spending in the funds A- 43%; B-51%; DB-33%

Payroll Comparison By Fund Inc (Dec) 2011 2010 $ % General Fund, Wh-Town (A) $1,043,617 $1,043,713 ($96) 0.0% General Fund, Part-Town (B) $1,206,373 $1,317,733 ($111,360) -8.5% Highway Fund (DB) $922,510 $1,041,937 ($119,427) -11.5% Total $3,172,500 $3,403,383 ($230,883) -6.8%

Payroll  Virtually all full-time and permanent part-time employee covered under union agreements  Employee’s covered under Highway and O&T Union Agreements received 4%  Police Agreement has expired and is in binding arbitration  No increase for Town Board or Supervisor  Non-represented employees received 3%  No increases for Judges

Payroll  In 2010, part-time Deputy Town Clerk position abolished  2 police officers who left were not replaced  3 highway employees who retired not replaced  Town Board is looking at combining Tax Receiver (who is retiring) and Town Clerk functions- projected savings,$60-80 thousand

Benefits  Charged to funds with payroll  When compared to payroll, represent 76% of payroll costs  Represents 32% of total fund spending A- 26%; B-40%; DB-29%

Employee Benefits Increase(Decrease) 2011 2010 $ % NYS Retirement $271,135 $212,388 $58,747 27.7% NYS Retire-Police $233,297 $180,222 $53,075 29.4% Social Security/Medicare $241,942 $273,837 ($31,895) -11.6% Workmen's Comp $144,434 $123,213 $21,221 17.2% Disability Inc $2,350 $2,880 ($530) -18.4% Health Ins $1,488,825 $1,418,634 $70,191 4.9% Dental $13,603 $12,741 $862 6.8% Total $2,395,586 $2,223,915 $171,671 7.7%

$550 Retirement Cost Thousands $500 $504 $450 $400 $393 $350 $332 $300 $311 $305 $280 $280 $250 $239 $200 $150 $100 $50 2004 2005 2006 2007 2008 2009 2010 2011 Cost $239,186 $305,218 $332,084 $310,717 $279,502 $279,766 $392,610 $504,432 % 27.6% 8.8% -6.4% -10.0% 0.1% 40.3% 28.5%

Employer Retirement Cost Rate, % of Payroll 20.9% 15.2% 16.8% 15.0% 14.2% 14.7% Police 14.5% Non-Police 13.8% 15.7% 12.3% 10.8% 11.5% 10.2% 9.2% 8.2% 7.2% 2004 2005 2006 2007 2008 2009 2010 2011

Thousands $1,950 Health Insurance Costs $1,750 $1,550 $1,489 $1,350 $1,419 $1,298 $1,150 $1,124 $950 $1,002 $863 $750 $710 $550 $590 $350 2004 2005 2006 2007 2008 2009 2010 2011 Cost $589,763 $710,132 $863,235 $1,002,06 $1,123,51 $1,298,17 $1,418,63 $1,488,82 % Inc 20.4% 21.6% 16.1% 12.1% 15.5% 9.3% 4.9%

Health Insurance • Full time employee’s eligible for insurance. • Retiree’s with required years of service can receive coverage. Must be eligible for NYS Retirement • Most employee’s/retirees contribute towards coverage (up to 10% of premium )

Health Insurance • Rates expected to increase 9.5%-12% Medicare Advantage Plan has a decrease • In 2010 new plan for Highway; O&T Union and non-represented Employees • Retirees 65 and older converted to a Medicare Advantage Plan other than Police

Capital Improvements • Expenditures for acquisition of equipment, fixtures and infrastructure that creates fixed assets with a life expectancy greater than 1 year • Spending on capital improvements in 2011 totals $167,685

Equipment and Improvements Road Repaving $150,000 Computers $12,000 Other $5,685

Contractual • Expenditures for goods and services that are considered non-permanent in nature and have a useful life usually less than 1 year • Expenditures of this type do not extend the life of an asset or increases its value. Theses costs maintain the asset.

Summary of Costs Road Salt $217,150 Solvay Library $33,000 Legal $146,800 Youth and Seniors $32,870 Vehicle Fuel $122,300 Telephones and Internet $29,711 Vehicle Repairs $121,300 Office Supplies $23,917 Property, Casualty Insurance $87,537 Auditors $23,000 Road and Drainage Repairs $85,000 Postage $20,235 Water, Lights and Heat $84,602 Park Maintenance $16,925 Engineering $82,500 Preparation of Tax Bills $15,300 Building Repairs $41,415

Revenues There are 3 sources of revenues that pay for the spending- Property Taxes Non-Property Tax Revenues Appropriated Fund Balance

Non-Property Tax Revenues 2011 $ 2,016,964 2010 $ 4,080,428 Inc (Dec) $ (2,063,464) % -50.6%

Breakdown of Non-Tax Revenues Inc(Dec) 2011 2010 $ % Pilot Agreements $147,541 $161,212 ($13,671) -8.5% Penalties & Interest $23,000 $20,000 $3,000 15.0% Fees (Town Clerk) $5,350 $3,525 $1,825 51.8% Sales Tax $989,018 $2,915,169 ($1,926,151) -66.1% Franchise Tax $177,000 $172,000 $5,000 2.9% Dept Income $42,355 $43,172 ($817) -1.9% Intergovernmental $21,001 $36,001 ($15,000) -41.7% Interest $40,110 $52,000 ($11,890) -22.9%

Breakdown of Non-tax Revenues Inc(Dec) 2011 2010 $ % Licenses & Permits $36,775 $25,300 $11,475 45.4% Fines & Penalties $122,983 $118,071 $4,912 4.2% Sale of Property $200 $102,600 ($102,400) -99.8% Insurance Reimbursement $0 $25,296 ($25,296)-100.0% Misc $2,850 $6,500 ($3,650) -56.2% Mortgage Tax $190,000 $175,000 $15,000 8.6% State Revenue Sharing $120,131 $133,110 ($12,979) -9.8% Highway Chips $78,851 $78,468 $383 0.5% State Aid $19,799 $13,004 $6,795 52.3%

Pilots (payment in lieu of taxes) Solvay Paper Board $83,400 WPS Generating $44,838 Landis Plastics $16,243 Nixon Gear $2,360 Finger Lakes Railroad $700 Total $147,541

Sales Tax Shared by the county under 2 formulas • 10 years agreement enacted when county sales rate was 3%, referred to the 3% formula • In 2004, County, with state approval, increased county rate an additional 1%. Must be renewed by state every 2 years Referred to 1% formula. • May 3, 2010 County adopted radical change in sharing sales tax with Towns, Villages and School Districts • Town of Geddes has taken sales tax monies in cash to primarily fund the police department. This money recorded in Part-Town General Fund (B)

Sales Tax 3% Formula Allocation • 10 year agreement with Onondaga County expires 12-31-2010. 2010 amount to be received-$2.5 million • May 3, 2010 County adopted radical change in sharing sales tax with Towns, Villages and School Districts • New Formula adopted by County May 2010 reduces the amount given to the Town of Geddes by 75% in 2011 • In 2012, sales further reduced by additional 88% from 2011 • In 2013, no sales tax distributed to Town of Geddes

Sales Tax 1% rate allocation • Started in 2004, renewed every 2 years by State Legislature • New sharing plan adopted by County May 2010 • For 1-1-2011 to 11-31-2011, Town receives sale percentage as 2010 projected at $347 thousand • From 12-1-2011 to 11-30-2012 distribution reduced by 78% • Starting 12-1-2012, no sales tax is distributed