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GFOAZ Conference Public & Budget Session

GFOAZ Conference Public & Budget Session. Prepared by:  Julie A. Ghetti, MPA, CPA. TOWN OF FOUNTAIN HILLS. Adopted Annual Budget for FY2012 = $38.3M General Fund = $12.6M Population = 22,489 Authorized FTE’s for FY2011/12 = 59 (down from 88 in FY08 Services Provided by 7 Departments:

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GFOAZ Conference Public & Budget Session

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  1. GFOAZ Conference Public & Budget Session Prepared by:  Julie A. Ghetti, MPA, CPA August 12, 2011

  2. TOWN OF FOUNTAIN HILLS • Adopted Annual Budget for FY2012 = $38.3M • General Fund = $12.6M • Population = 22,489 • Authorized FTE’s for FY2011/12 = 59 (down from 88 in FY08 • Services Provided by 7 Departments: • Police and Fire/EMS (contracted) • Recreation, Parks, Community Center • Public Works, Streets, Code Enforcement, Building Safety • Administration, Municipal Court, Town Council August 12, 2011

  3. FY2011/12 MAJOR ISSUES • Local Economy – lack of commercial property • Lack of primary property tax • Dependence upon sales tax and shared revenues • Legislative • 2010 census and growth of surrounding communities August 12, 2011

  4. Budget Update • 2010 census population showed 8.2% drop from 2005 census • 54 of 91 communities grew in population, some as much as 173% • Amount needed to bring budget back in balance is $513,000 in the General Fund and $100,000 in the HURF fund August 12, 2011

  5. Budget Solutions • Proposed solutions must be aligned with the following three principles: • Be permanent and sustainable • There are likely to be more declines in the future due to legislative action, increased population in other communities • The Town has to adjust to the new fiscal reality • Preserve organizational integrity • The ability to perpetually provide the high level of service that the citizens have come to expect • Be equitable • Does not rely on one source or citizens group • Spreads the burden among various publics August 12, 2011

  6. Available Tools • Increase revenues • Decrease expenditures August 12, 2011

  7. Increase Revenues August 12, 2011

  8. Decrease Expenditures August 12, 2011

  9. What Did We Do? • Reduced Town contribution to community contracts • Restructured annual debt payment for MPC bonds • Utilized fund balance to pay off MPC bonds for Town Hall August 12, 2011

  10. $6.6M $4.5M $4.5M Revenue reduction = $2.1M over the past three years Projection into the future shows $2.1M will not return August 12, 2011

  11. JANUARY 2011 Balanced Budget $12.6M MARCH 2011 Budget Gap $513K $12.1M August 12, 2011

  12. August 12, 2011

  13. August 12, 2011

  14. August 12, 2011

  15. Proposal to Increase Telecom Tax August 12, 2011

  16. 15 YEAR CHART Assumes no increase in revenues - Assumes new revenue and no increase in level of service - August 12, 2011

  17. FY2011/12 MISSTEPS • No central public information office to disseminate information • New laws affecting fee schedule • Lack of public involvement August 12, 2011

  18. FY2011/12 BUDGET SUCCESSES • Makeup of Executive Budget Committee – new proposals came forward • Coordination of goals with Strategic Plan • Involvement with Boards and Commissions • Expanded use of volunteers • Use of charts and graphs to avoid more cuts August 12, 2011

  19. TRANSPARENCY • Two public budget open houses • Updated draft budgets on web • Televised three budget work study sessions • Replayed budget work study sessions through the month of July August 12, 2011

  20. Questions? August 12, 2011

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