VILLAGE OF ELK RAPIDS 2017-2018 BUDGET A presentation of the - PowerPoint PPT Presentation

VILLAGE OF ELK RAPIDS 2017-2018 BUDGET A presentation of the proposed budget for Fiscal Year 2017-2018

The Budget Process ▪ Information is gathered, assumptions are made and documented, and the Department Heads, and the Commissions, draft their budget. ▪ Budgets are submitted to the Village Manager for review, discussion occurs as needed, and adjustments are made, as needed. ▪ The budget is submitted to the Village Council for review, discussion occurs, and adjustments are again made as needed. ▪ The budget is presented to the General Public, and based on comments received even more adjustments may be made. ▪ The Village Council approves the budget (hopefully!!) ▪ The budget must be approved by March 1 !!! ▪ And before you ask, we start this process in October.

TAXABLE VALUE & MILLAGE RATES 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 Taxable Value $105,907,946 $106,241,283 $108,533,886 $111,208,699 $113,869,482 $116,716,219 Millage Rate 12.0145 11.9000 11.8000 11.8000 11.8000 11.8000

GENERAL FUND 2015-2016 2016-2017 2017-2018 Department Actual Budget Proposed REVENUE $ 1,089,700.00 $ 1,395,443.00 $ 1,493,800.00 VILLAGE MANAGER $ 61,317.00 $ 56,080.00 $ 53,815.00 GENERAL SERVICES ADMINISTRATION $ 183,594.00 $ 193,987.00 $ 198,203.00 OTHER CLERK ADMINISTRATION $ 90,165.00 $ 123,927.00 $ 143,450.00 POLICE $ 413,084.00 $ 450,305.00 $ 475,110.00 PARK MAINTENANCE (DPW Gen Fund) $ 158,091.00 $ 219,729.00 $ 238,800.00 BEAUTIFICATION $ 16,151.00 $ 18,792.00 $ 20,527.00 PARKS & RECREATION $ 3,562.00 $ 5,310.00 $ 14,550.00 PLANNING & ZONING $ 86,872.00 $ 98,224.00 $ 100,750.00 TOTALS $ 1,012,836.00 $ 1,166,354.00 $ 1,245,205.00

All Other Funds 2015-2016 2016-2017 2017-2018 Fund Actual Budget Proposed Major Streets - Revenue $ 227,449 $ 295,035 $ 331,400 Major Streets - Expenses $ 205,295 $ 265,255 $ 287,100 Local Streets - Revenue $ 228,596 $ 305,272 $ 257,000 Local Streets - Expenses $ 210,571 $ 277,259 $ 244,750 Municipal Streets - Revenue $ 341,662 $ 389,923 $ 384,750 Municipal Streets - Expenses $ 338,798 $ 377,750 $ 374,550 Waste Collection - Revenue $ 120,503 $ 170,399 $ 162,250 Waste Collection - Expenses $ 112,092 $ 159,363 $ 180,630 Building Ops - Revenue $ 66,502 $ 86,027 $ 120,500 Building Ops - Expenses $ 66,501 $ 84,430 $ 113,900 Water Bond Construction - Revenue $ - $ - $ 685,742 Water Bond Construction - Expenses $ - $ 1,250,945 $ 685,742 General Capital - Revenue $ 160,816 $ 268,332 $ 256,925 General Capital - Expense $ 98,932 $ 149,925 $ 203,500 Sewer Capital - Revenue $ 5,874 $ 157,957 $ 160,000 Sewer Capital - Expense $ 12,300 $ 127,500 $ 138,000

All Other Funds (Cont.) 2015-2016 2016-2017 2017-2018 Fund Actual Budget Proposed Harbor Capital - Revenue $ 295,023 $ 149,000 $ 583,500 Harbor Capital - Expenses $ 307,847 $ 149,000 $ 575,500 Wastewater Construction - Revenue $ 1,173,285 $ 729,611 $ - Wastewater Construction - Expenses $ 1,464,536 $ 762,905 $ - Sewer Operations - Revenue $ 2,348,699 $ 1,462,279 $ 1,524,650 Sewer Operations - Expenses $ 708,640 $ 866,245 $ 896,570 Harbor Fund - Revenue $ 1,362,391 $ 1,160,530 $ 1,229,874 Harbor Fund - Expenses $ 1,124,295 $ 1,002,482 $ 1,167,614 Water Operations - Revenue $ 244,792 $ 501,161 $ 799,200 Water Operations - Expenses $ 327,237 $ 411,291 $ 470,653 Motor Vehicle Fund - Revenue $ 369,374 $ 450,589 $ 488,700 Motor Vehicle Fund - Expenses $ 210,800 $ 251,219 $ 343,300 DDA (TIFA) - Revenue $ 116,935 $ 155,985 $ 152,175 DDA (TIFA) - Expenses $ 113,072 $ 106,550 $ 106,350

Village Debt 2015-2016 2016-2017 2017-2018 When Fund Actual Budget Proposed Retired 2013 Water Bond $ 45,175 $ 44,275 $ 43,375 2020 2016 Water Bonds $ - $ 66,367 $ 125,413 2036 WWTP - SRF Loan $ 16,720 $ 280,000 $ 266,620 2035 Bridge Street Bond $ 47,240 $ 45,560 $ 48,732 2018 River Street Bond $ 63,780 $ 61,475 $ 60,350 2024 Harbor Bond $ 26,150 $ 110,389 $ 118,989 2027 DDA Bond $ 53,923 $ 52,400 $ 52,400 2024

Millage History for Elk Rapids General Refuse Bond Grand Year Fund Streets Collection Total Debt Total 2006 8.4256 2.8071 1.6204 12.8531 0.5806 13.4337 2007 8.5371 2.6357 1.3576 12.5304 0.4764 13.0068 2008 8.3913 2.6435 1.2075 12.2423 0.4477 12.6900 2009 8.0940 2.6275 1.0183 11.7398 0.4483 12.1881 2010 8.0346 2.6800 0.8679 11.5825 0.4312 12.0137 2011 7.7632 2.7012 1.0531 11.5175 0.4325 11.9500 2012 7.4950 3.1002 0.9558 11.5510 0.4635 12.0145 2013 7.3805 3.1554 0.9200 11.4559 0.4441 11.9000 2014 7.6950 3.0200 0.7800 11.4950 0.3050 11.8000 2015 7.5800 3.0200 0.7800 11.3800 0.4200 11.8000 2016 7.5800 3.0500 0.7700 11.4000 0.4000 11.8000

Millage Rate Comparison 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017 Unit of Operating Operating Operating Operating Operating Operating Operating Government Millage Millage Millage Millage Millage Millage Millage East Jordan 17.7953 17.7953 17.7953 17.7953 17.7953 17.7953 17.7953 Mackinaw City 15.2162 15.2162 15.2162 17.0915 17.0915 17.0915 16.9438 Boyne City 15.7600 15.5100 15.5100 15.5100 15.5100 15.5100 16.8300 Cadillac 16.5473 17.0473 17.0473 16.5473 16.5473 16.5473 16.5473 Village of Bellaire 16.3024 15.6118 15.6118 15.4534 15.4534 15.4534 15.4534 Grayling 14.8000 14.8000 14.8000 14.8000 14.8000 14.8000 14.8000 Village of Mancelona 14.6200 14.6200 14.6200 14.6200 14.6200 14.6200 14.6200 Petoskey 13.8318 13.8318 13.8318 13.8318 13.8318 13.8318 13.8318 Traverse City 13.5567 13.0567 13.4367 13.4367 13.4367 13.4367 13.4367 Frankfort 13.2134 13.2134 13.2134 13.2134 13.0865 13.0734 12.9060 Charlevoix 12.1528 12.0093 12.0093 12.0093 12.1093 12.1093 12.0959 Village of Elk Rapids 12.0137 11.9500 12.0145 11.9000 11.8000 11.8000 11.8000 Kingsley 9.8218 9.8218 9.8218 9.8218 9.8218 9.8218 9.8218 Suttons Bay 9.3239 9.3239 9.3239 9.3239 9.3239 9.3239 9.3239 Harbor Springs 5.6865 5.7368 5.7884 5.7993 5.7600 6.1389 6.0940

How much is a mill worth? Taxable Value as of 2016 = $113,669,482 1 mill = $ 113,669 0.10 $ 11,367 0.20 $ 22,734 0.30 $ 34,101 0.40 $ 45,468 0.50 $ 56,835 0.60 $ 68,202 0.70 $ 79,569 0.80 $ 90,936 0.90 $ 102,303

Overall Highlights ▪ Millage Rates will be reviewed between now and June when we have to submit to the County. Council has indicated that they do not want to increase the millage rate. As a result, every effort will be made NOT to increase millage rates this year. ▪ Water Rates and Sewer Rates are going up. Separate presentations were made on these rates, before and during the review of the budget. ▪ WWTP construction is complete. Ongoing cost of operations is being reviewed. ▪ Water capital improvements will continue into FY 2018-2019.

Looking Ahead ▪ State mandate on water system upgrades/replacement. This is already happening. (Flint) ▪ State mandate on sewer system upgrades/replacement? This is anticipated. (Frasier) ▪ Sewer system repairs, mandated or not, must happen. ▪ Curb-side garbage pickup is being evaluated. ▪ Sidewalk and road improvements will occur during or shortly after the water project is complete. Emergency repairs are always an exception. ▪ We continue to look for ways to increase revenues and/or reduce expenses, while still doing our jobs and providing the service you expect.