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Farmer City Fiscal Year 2019-20

This document provides an overview of the fiscal year 2019-20 budget, including accomplishments, projects, and expenditures in various areas such as police, parks, streets, water, sewer, and electric. It also highlights the fund balance and revenue sources for the General Fund.

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Farmer City Fiscal Year 2019-20

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  1. Farmer CityFiscal Year 2019-20

  2. FY 2018-19 Budget Overview • FY 19 Accomplishments • Reverse 911 • Police • Chief’s car • MDT’s in police cars • South Park improvements • Baseball field fence • BMX lights • Handicapped parking • Pool • New lockers • Wall repairs • WiFi

  3. FY 2018-19 Budget Overview • Streets • Demolition of John St property • New dump truck with plow • MFT • Renovated 1st block of West Water Street • TIF 2 • Completed Maple St sewer project • Started Water/Washington renovation • Forward TIF • Created new TIF to assist existing properties & expand

  4. FY 2018-19 Budget Overview • Business District • I-74 Feasibility and marketing studies • Water • Well telemetry, alarm system • New water treatment plant pumps • New #1 Filter • 1st block of West Water Street watermain replacement • Multiple watermain leaks, repairs • Sewer • NPDES work started • Main trunk line replacement • Excess flow lagoon aerator replacement • New pumps, lift station panel work

  5. FY 2018-19 Budget Overview • Electric • Plant improvements • New poles, new meters • New backup batteries • Two energy efficiency grants • General Fund – 100% Fund Balance • Projected year end in black ($16,822) • Water Fund - 100+% Fund balance • Sewer Fund – 100% Fund Balance • Electric Fund – 100% Fund Balance

  6. Property Tax – General Fund

  7. Income Tax

  8. Sales Tax Revenue

  9. Interest Income (across all funds)

  10. General Fund

  11. Fund Balance Overview

  12. FY 2019-20 Revenues • Property tax revenue lower • Telecommunications tax revenue lower – landline usage diminishing • Rental income increased – Mediacom • Interest income increased – Illinois Funds • Amusement tax – 5% • Collection on events, such as raceway, BMX and golf course • Could enter into rebate agreement • Impounds – remove from restricted DUI Fund • Currently restricted to be used as police department sees fit • Recommend placement into general fund, which provides for police department as whole • TIF 2, BD administrative costs

  13. FY 2019-20 General Fund Overview • 2% COLA • FOP – 1% • CPI – 2.3% • Administration • Ruth Harmison retiring in December • IT replacement • Council • Pay increase (50% Council, 13% Mayor) • On-line Code of Ordinances - $500/year • Newly elected training - $500

  14. FY 2019-20 General Fund Overview • Parks • Mowing • South Park swingset - $2,500 • Pool • 2/3 season • Minimal spending • Police • SRO – Full time • Report writing software with county - $22,000 • Dispatch remains same until census - $79,000 • Chief’s office, department door - $3,000 • No new cars • To create separate DUI Fund

  15. FY 2019-20 General Fund Overview • Streets • Brookview drainage project - $31,000 • Catch basins moved to MFT - $2,000 reduction • Demolition of E Richardson house - $7,500 • Street sweeper (1986) - $40,000 • Increasing costs to maintain • Parts becoming rare

  16. General Fund Expenditures

  17. FY 2019-20 General Fund Overview • FY 20 End WITH amusement tax and impounds • $15,244 in black • FY 20 End without amusement tax and impounds • -$5,756 • To balance, could remove one or any of these: • Full time SRO ($30,000 plus $6,000 in revenue) • Street sweeper ($40,000) • Demolition of E Richardson St house ($7,500)

  18. Water Fund

  19. FY 2019-20 Water Fund • 10% rate increase in 2 steps, 5% each • Chemicals – polyphosphate to address lead - $5,000 • Interest payment for I-74 bonds (50%) - $23,350 • Capital • Dollar General or Market St - $100,000 • Filter #4 at Treatment Plant - $20,000 • Fund Balance at just over 100% remaining

  20. Sewer Fund

  21. FY 2019-20 Sewer Fund • 10% rate increase in 2 steps, 5% each • Interest payment on I-74 extension bonds - $23,530 • Lining on E Richardson St - $30,000 • Treatment Plant – EPA mandated NPDES permit - $125,000 • System Improvements • Tertiary Filter, Room - $155,000 • 68% Fund Balance remaining if spend $600,000 per year

  22. Electric Fund

  23. FY 2019-20 Electric Fund • $50,000 loss in revenue under school district agreement • CAT engine maintenance, extended warranty - $48,000 • Flatbed truck (Not purchasing bucket truck) - $35,000 • Capital transfer for pool improvements • $1,300,000 • To be paid back over time from Forward TIF • Capital improvements • Dollar General, Maple St, I-74 extension, Pool, Cemetery lift station • $700,000 • 50% Fund Balance remaining

  24. Motor Fuel Tax

  25. FY 2019-20 Special Revenue Funds • MFT • No real work in FY 20, just maintenance • Saving for larger project in FY 21 • TIF 2 • $1 million bond revenue • Water/Washington - $600,000 • Maple/Western - $1 million • TIF grants - $50,000 • Interest payment on bonds - $23,530

  26. FY 2019-20 Special Revenue Funds • MFT • No real work in FY 20, just maintenance • Saving for larger project in FY 21 • TIF 2 • $1 million bond revenue • Water/Washington - $600,000 • Maple/Western - $1 million • TIF grants - $50,000 • Interest payment on bonds - $23,530

  27. FY 2019-20 Special Revenue Funds • Forward TIF • $1 million bond revenue • John St. reconstruction - $1 million • Interest payment - $23,530 • Business District 2 • I-74 marketing - $5,000 • Grants - $50,000 • Capital improvements - $50,000 • Fund balance of 100%+ • Business District 1

  28. FY 2019-20 Capital Projects Fund • Revenue • Business District Tax • Bond money • Electric transfer • Expenditures • Pool • I-74 water/sewer extension

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