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Danville Town Council 2018/19 Budget & CIP Public Hearing

Attend the public hearing to review and approve the Danville Town Council's budget and capital improvement program for 2018/19. Learn about the financial condition, revenues, expenditures, and future forecasts.

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Danville Town Council 2018/19 Budget & CIP Public Hearing

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  1. DANVILLE TOWN COUNCIL JUNE 6, 2018

  2. Process & Timeline • Draft Budget and Capital Improvement Program (CIP) released on April 20, 2018 • Four Public Study Sessions to consider Draft Budget and CIP – May 1, 8, 15 and 22 2018 • Final draft posted on website – June 1, 2018 • Public Hearing to consider approving 2018/19 Budget and CIP – 7:30 p.m. on June 6, 2018 @ Danville Town Meeting Hall

  3. June 6 Public Hearing • Reso 64-2018 – Approve 2018/19 Operating Budget and setting Appropriation Limit; • Reso 65-2018 – Approve new Five-Year CIP; appropriate funding for 2018/19 capital projects; • Reso 66-2018SA – Approve 2018/19 Operating Budget for the Successor Agency; and • Reso 67-2018 – Approve 2018/19 Master Fee Schedule

  4. Town of Danville’s Vision “Small Town Atmosphere, Outstanding Quality of Life”

  5. Town of Danville’s Mission

  6. Danville’s Vision and Mission This is why our Town government exists…

  7. 2018/19 Budget and CIP Overview • Overall financial condition continues to be excellent • Rated Aaa by Moody’s • Balanced budget that maintains healthy operating and capital reserves. • No unfunded liabilities • Funding 42 capital projects totaling $10.38 million with no debt.

  8. Revenues

  9. 2018/19 Revenues Town General Fund $26,152,198 (+3.6%) Special Revenue $ 9,410,286 (+7.3%) TOTAL TOWN $35,562,484 (+4.5%) Successor Agency $ 2,284,715 (+4.7%) GRAND TOTAL $37,847,199 (+4.6%)

  10. Major Revenues – General Fund 2018/19 Property Tax $13,642,000 Sales Tax $ 5,522,000 Recreation Fees $ 2,675,110 Franchise Fees $ 2,299,730 All Other $ 2,013,358 TOTAL $26,152,198

  11. Major Revenues – Special Revenue 2018/19 LLAD $ 3,120,682 Building & Planning $ 2,529,200 Gas Tax $ 1,840,430 Measure J RTS $ 742,857 Clean Water $ 570,793 Solid Waste VIF $ 238,401 All Other $ 367,923 TOTAL $ 9,410,286

  12. Expenditures

  13. 2018/19 Expenditures Town General Fund $23,364,329 Special Revenue $ 9,581,452 TOTAL TOWN $32,945,781 (3.9%) Successor Agency $ 1,184,715 (0.3%) GRAND TOTAL $34,130,496 (3.8%)

  14. Expenditures by Department 2017/182018/19+/- General Gov’t $ 1,933,215 $ 1,799,546 ($ 133,669) Police $ 9,644,494 $ 9,965,204 $ 320,710 Administrative Services $ 3,888,736 $ 4,309,391 $ 420,665 Development Services $ 4,453,198 $ 4,691,813 $ 238,615 Maintenance Services $ 7,554,321 $ 7,811,342 $ 257,021 Recreation, Arts & Community Services $ 4,237,893$ 4,368,485 $ 130,592 TOTAL $31,711,857 $32,945,781 $1,233,924

  15. Changes by DEPARTMENT

  16. Changes by PURPOSE

  17. Recommended Fund Transfers 2018/19 REVENUES Operating Revenues/Transfers $26,449,751 Less Operating Expenses ($23,364,329) CDA Loan Re-Payment $ 1,100,000 Gross Funds Available $ 4,185,422 TRANSFERS LLAD Operations $ 900,000 Pavement Management $ 1,510,000 Asset Replacement $ 100,000 CIP General Purpose $ 1,675,422 Total Transfers $ 4,185,422

  18. 2018/19 LLAD Fund Activity Op. & Cap. Assess. Assess. Transfer In +/- Fund ZoneExpensesRevenueRevenue %+/-G.F. SubsidyBalance A $ 926,673 $ 582,115 62.8% ($ 344,558) $ 350,000 $ 5,442 B $ 998,730 $ 744,744 74.6% ($ 253,986) $ 150,000 ($ 103,986) C $ 865,747 $ 662,204 76.5% ($ 203,543) $ 0 ($ 203,543) D$1,706,075$1,131,61966.3%($ 574,456)$ 400,000($ 174,456) $4,497,225$3,120,682 69.4% ($1,376,543) $ 900,000 ($ 476,543) * G.F. Subsidy Increases from $800,000 to $900,000; available LLAD Fund Balance reduced from $3,465,030 to $2,988,487

  19. Operating Reserve Policy • Town Council Policy: Minimum 20% of Budget • 2018/19 Reserve:$12,309,768, equivalent to 37.4% of budget

  20. Staffing and Employee Costs • Staffing levels: • 94.75 FTE permanent • 30.0 FTE contract (sworn police officers) • 37.5 FTE part-time temporary • Total employee expenses: $12,196,804 (5.0%) • Merit-based salary adjustment • Adjust health care coverage • Implement Compensation Survey NO UNFUNDED PENSION OR OPEB LIABILITIES

  21. Master Fee Schedule • Police Services - DUI Emergency Response Reimbursement Fees adjusted to reflect 2018/19 sworn personnel costs. • Development Services – Building – Plan Review and Solar Photovoltaic fees adjusted. • Recreation – Facility rental fees adjusted for non-residents; simplified fee structure. • Credit Card Transactions – processing fee of up to 2.99%. • All other fees and charges unchanged from 2017/18

  22. 2018/19 Appropriation Limit • Prop 111 Limit for 2018/19: $40,166,305 • Revenues subject to limit: $22,578,939 • Based on population growth within Contra Costa County and annual growth in California per capita income

  23. Ten-Year Forecast - 2027/28 • Total Revenues: $40,104,880 in 2027/28 (6.0%) • General Fund Revenues: $29,393,366 (12.4%) • Special Revenues: $9,992,225 (6.2%) • Total Expenditures: $40,061,274 (21.6%) • Successor Agency Expenditures: $719,289 (68.5%) • General Fund Transfers: • $1,872,255 for CIP and Pavement Management • $1,175,000 for LLAD operating over the next ten years • Forecast demonstrates fiscal sustainability through 2026/27 • Need to adjust/increase LLAD rates for first time since 2003

  24. Capital Improvement Program • Identifies current and future capital needs, and sources of funding for projects categorized as: • General Improvements • Parks and Facilities • Transportation • 42 separate projects recommended for 2018/19 with appropriations totaling $10,388,808

  25. Pavement Management Program • Funded at $2.998 million for 2018/19 • Goal: Maintain minimum average PCI of 70 Town-wide • Current average Town-wide PCI is 81

  26. In Summary… • Overall financial condition continues to be excellent. • Rated Aaa by Moody’s • Balanced budget that maintains healthy operating and capital reserves. • No unfunded liabilities • 10 Year forecasts show fiscally sustainable operations

  27. Recommendation • Adopt Reso 64-2018 – Approve 2018/19 Operating Budget and setting Appropriation Limit; • Adopt Reso 6502018 – Approve new Five-Year CIP; appropriate funding for 2018/19 capital projects; • Adopt Reso 66-2018SA – Approve 2018/19 Operating Budget for the Successor Agency; and • Adopt Reso 67-2018 – Approve 2018/19 Master Fee Schedule

  28. Questions?

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