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2013 Budget

2013 Budget. City Council Goals. FRUITA: THE BEST PLACE TO LIVE, WORK, AND PLAY DEVELOP THE FULL POTENTIAL FOR DOWNTOWN FOCUS ON BUILDING COMMUNITY ECONOMIC DEVELOPMENT HUMAN RESOURCES INVEST IN INFRASTRUCTURE. 2013 City Budget - $18.5 million*. *$16.2 million excluding transfers.

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2013 Budget

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  1. 2013 Budget

  2. City Council Goals • FRUITA: THE BEST PLACE TO LIVE, WORK, AND PLAY • DEVELOP THE FULL POTENTIAL FOR DOWNTOWN • FOCUS ON BUILDING COMMUNITY • ECONOMIC DEVELOPMENT • HUMAN RESOURCES • INVEST IN INFRASTRUCTURE

  3. 2013 City Budget - $18.5 million* *$16.2 million excluding transfers

  4. Use of Fund Balance by Fund – $1.56 m

  5. Expenses by type - $16.2 million*All Funds *Excludes transfers to other funds

  6. Fund Types Governmental Enterprise Devils Canyon Center Fund Irrigation Water Fund Sewer Fund Trash Fund Fleet Maintenance Fund (Internal Service Fund) • General Fund • Conservation Trust Fund • Marketing and Promotion Fund • Community Center Fund • Capital Projects Fund • Debt Service Fund

  7. Governmental Funds

  8. 2013 General Fund – 5 Year Analysis

  9. Historical Data Governmental Funds

  10. Ending Funds Available - $3 millionGovernmental Funds

  11. Where does the money come from?Governmental Funds

  12. Tax Revenues - $6.7 million (52%)Governmental Funds

  13. Taxes - $6.7 million (52%)Governmental Funds

  14. City Sales Tax - $2.18 million Governmental Funds • City sales tax - The City’s 3% city sales tax is the largest single revenue source at $2.18 million. The General Fund includes 2/3 of this revenue and the remaining 1/3 is committed to the Community Center Fund. • The 2012 Estimated City Sales Tax revenue is projected to increase 8% over 2011 revenues. Currently, city sales tax revenue is running 10.8% ahead of 2011 revenues. • The 2013 Budget includes a 3.3% increase over 2012 Estimated City Sales Tax revenues (11.7% over 2012 Budgeted amounts) • City sales tax is budgeted to surpass previous high revenue received in 2008

  15. County Sales Tax - $1.95 million Governmental Funds • County sales tax - The City receives 5% of the County’s sales tax revenue and this is the 2nd largest revenue source at $1.95 million. This revenue is in the General Fund. • The 2012 Estimated County Sales Tax revenue is projected to increase 5.3% over 2011 revenues. Currently, county sales tax revenue is running 5.54% ahead of 2011 revenues. • The 2013 Budget includes a 2.8% increase over 2012 Estimated County Sales Tax revenues (10.8% over 2012 Budgeted amounts).

  16. Property Tax- $1.14 million Governmental Funds • Property tax - The City assesses 10.146 mills on the assessed value of property in the City of Fruita for a projected revenue of $1.14 million in 2013. • There are no changes to the mill levy proposed in the 2013 Budget. • Assessed property values increased 3.6% ($3.9 million) in 2012 from $108.7 to $112.7 million . This $4.0 million increase includes $3.2 million from newly annexed property and $836,350 in new construction. • Property tax revenues decreased 15% in 2012 as a result of re-evaluation of property values.

  17. Intergovernmental - $2.6 million (20%)Governmental Funds

  18. Transfers - $2.29 million (18%)Governmental Funds • Transfers of $2.29 million are revenues transferred from other funds of the City. The 2013 Budget includes the following transfers: • General Fund – Transfers of $229,000 from Enterprise Funds for administrative costs including utility billing and financial administration • Capital Projects Fund – Transfers of $1,198,000 from the General Fund and $86,000 from the Conservation Trust Fund for capital projects • Debt Service Fund - Transfer of $681,150 from the Community Center Fund for bond payments • Community Center Fund – Transfer of $95,000 from General Fund for operational subsidy

  19. Charges for Service - $1.1 million (8%)Governmental Funds

  20. Where does the money go? - $12.3 million*Governmental Funds *Excludes transfers of $2.1 million

  21. Where does the money go? - $12.3 million*Governmental Funds *Excludes transfers of $2.1 million

  22. Where does the money go? - $8.1 millionGeneral Fund by Department

  23. Personnel Services - $4.9 million (40%)Governmental Funds

  24. Capital Projects - $2.9 millionGovernmental Funds

  25. Capital Equipment Governmental Funds

  26. Capital Projects Governmental Funds Additional capital projects for 2013 include planning for public works shop improvements of $60,000. It is anticipated that 2012 Projects including the Police Building Improvements and Business Park River Road improvements will be carried over into the 2013 Budget with a supplemental appropriation at the beginning of 2013.

  27. Enterprise Funds

  28. Historical Data Enterprise Funds

  29. Ending Funds AvailableEnterprise Funds

  30. Where does the money come from?Enterprise Funds

  31. Charges for Services - $3.96 million (98%)Enterprise Funds

  32. Where does the money go? - $4.1 millionEnterprise Funds

  33. Debt Service - $1.1 million (27%)Enterprise Funds

  34. Personnel Services - $852,100 (21%)Enterprise Funds

  35. Capital- $459,100 (11%)Enterprise Funds

  36. Gove2013rnmental Fund Balances2013` 2013 Budget Highlights

  37. 2013 Budget Highlights • City Wide Personnel increase of 5% from 2012 Budget (66 full time employees ) • Includes the addition of one full time position in Parks • Increased hours for the School Resource Officer • Increased on-call hours for an Investigator • Increased part time hours for Youth Activities • Increase of 100 hours for public works seasonal position • 3% cost of living adjustment • Increase of $100,000 for health insurance – approximately 15% - with the goal of keeping this rate stable for the next 3 years

  38. 2013 Budget Highlights Capital Equipment Replacement Funds (CERF) • General Fund - $310,700 for 2013 from current years revenues ($243,200 in replacement equipment and $78,500 addition to reserve) • Community Center Fund - $30,000 for 2013 from current years revenues ($15,500 in replacement equipment and $14,500 addition to reserve) • Sewer Fund - $90,000 for equipment replacement ($90,000 addition to reserve)

  39. 2013 Budget Highlights • Contingency - Funding of $200,000 General Fund contingency from fund balance • Community survey - Funding of $15,000 is included in the 2013 Budget • The draft budget will be revised to include an additional $320,000 in revenue from mineral lease and severance tax revenues with a like amount set aside as a reserve for future capital projects.

  40. Questions?

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