1 / 13

Fiscal Year 2015 Maximum Millage Rate City Council Presentation Tuesday, July 15 th 2014

Fiscal Year 2015 Maximum Millage Rate City Council Presentation Tuesday, July 15 th 2014. Christopher M. Quinn , MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst. Budget Preparation Timeline. January First Quarter Review February Financial Audit

adriel
Download Presentation

Fiscal Year 2015 Maximum Millage Rate City Council Presentation Tuesday, July 15 th 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Fiscal Year 2015 Maximum Millage Rate City Council Presentation Tuesday, July 15th 2014 Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA Finance Director Lina Williams Budget & Financial Analyst

  2. Budget Preparation Timeline • January • First Quarter Review • February • Financial Audit • March • Presentation of Annual Progress Report and Citizen Survey Results • Revise 10 Year Infrastructure Plan • April • Presentation of the Year to Date Budget • Second Quarter Review • Budget Input Begins for Departments • May • Annual Update of the Strategic Action Plan • Fund Accounting Presentation • Long Term Financial Planning Presentation • June • Revenue Source Presentation • Property Tax Presentation

  3. Budget Preparation Timeline • July • General Fund Budget Workshop • Adopt Proposed Maximum Millage Rate • Proprietary Funds Budget Workshop • Third Quarter Review • August • Special Revenue & Capital Fund Budget Workshop • Final Proposed Budget Presentation • September • Public Hearing to Tentatively Adopt Millage Rate & Budget • Public Hearing to Adopt Final Millage Rate & Budget

  4. General Fund Totals Revenues overall are tracking on budget for FY 14

  5. 2015 Maximum Millage Rate

  6. Millage Rate History FY 2015 Taxable Value $3,895,717,814 * Percentage Change FY 2014-2015 5.57%

  7. City Ad Valorem Tax HistoryFY 2008 - 2014

  8. 2014 Millage Rates • Survey of Cities between 60K-90K Population • 18 Cities with Millage

  9. Millage Rate Options

  10. 2015 Maximum Millage Rate Proposal

  11. Next Step

  12. Tentative Budget Schedule • July • 29th- Budget Workshop - Proprietary Funds • August • 12th Budget Workshop – Special Revenue Funds & Capital Funds • 26th- Final Proposed Budget Presentation • September • 3rd - Public Hearing to tentatively adopt millage rate and budget • 17th - Final Public Hearing to adopt final millage and budget

  13. Questions & Discussion

More Related