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FY 2014-2015 Proposed Budget Public Hearing April 15, 2014

FY 2014-2015 Proposed Budget Public Hearing April 15, 2014. Budget Calendar – Remaining. Apr 15, 2014 First reading of 2014 tax rate ordinance City Manager 2014 Tax Levy for Public Hearing Public Hearing on 2014-2015 City Budget Apr 15, 2014 3nd Budget Work Session City Manager

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FY 2014-2015 Proposed Budget Public Hearing April 15, 2014

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  1. FY 2014-2015 Proposed BudgetPublic HearingApril 15, 2014

  2. Budget Calendar – Remaining • Apr 15, 2014 First reading of 2014 tax rate ordinance City Manager 2014 Tax Levy for Public Hearing Public Hearing on 2014-2015 City Budget • Apr 15, 2014 3nd Budget Work Session City Manager City Schools Review City Budget Overall Review • May 13, 2014 Adoption of 2014-15 School Budget (Required by May 15th), Adoption of 2014-15 City Budget Second reading of 2013 tax rate ordinance City Manager Adoption of tax rate ordinance

  3. Goal

  4. Budget Process • I reviewed every line item in the budget requests from departments and made recommendations to the City Manager • Criteria for my recommendation: • 1) Was increases in budget request supported by justification? And • 2) Was increase in line with 6 months actuals of current year and two years prior actuals? • The City Manager and I met with some department to discuss and further justify their request for increase funding.

  5. FY 2014 - 2015 Program Priorities 1. Maintaining Financial Integrity 2. Housing and Neighborhood Assistance (Code Enforcement) 3. Investing in Employees 4. Public Safety Building 5. Regional Communications System 6. Storm Drainage Utility 7. MIS Software Recycling HRWTF – Phase II Economic Development Teen/Family Resource Center

  6. FY 2014 - 2015 Budget Highlights • Balanced budget by matching recurring expenditures with recurring revenues • Schools increase by $139,000 to replace grant funded positions • Maintain CSA funding increase of $1,315,000 to support mandated services • Police career development funding of $106,500 • Fire career development funding of $20,000 • Bus route project funding of $185,000 • Human Resources salary study of $70,000 • Tourism cost savings of $110,000 • Funding of 7 new positions $483,100 • Con’t

  7. FY 2014 - 2015 Budget Highlights • Con’t • Comprehensive Plan funding of $150,000 • Downtown Partnership continued funding of $70,000 • No funding of COLA • Funding a 2.01% increase in VRS employer contributions of $272,000 • No funding for increase in health care cost

  8. Scenarios for COLA Increases

  9. Summary General Fund recurring Revenues $ 45,278,000 General Fund recurring Expenditures $ 45,058,000 General Fund One-time Expenditures$ 220,000 Total General Fund Expenditures $ 45,278,000 Capital Fund $ 5,086,000

  10. CAPITAL FUND $5,086,000 Debt Service - $3,777,500 Equipment - $571,500 Capital Projects - $737,000, Total Projects - $1,308,500 $800,000 transferred from I-295 proceeds for capital projects in FY 2014-2015.

  11. Capital Projects - $1,308,500 Sheriff - $ 60,000 Police cars with equipment Police - $ 230,000 Police cars with equipment Fire - $ 32,000 Heavy Duty Truck to tow Rescue/EOC Trailer Public Works - $ 557,000 Street Paving Funding Vehicle replacement (5)Street Lighting Recreation - $200,000 Heating coil Community Center Roof Playground/Park Renovation 2 Vans (match) Replace Exercise Equip. Replace Shelter Roof to Metal Marquee Sign Replace Chairs and Tables Information Technology - $50,000 Continues our existing replacement program Planning - $100,000 Chapter 19 Violations Building Demolition New Plotter/Printer Treasurer - $9,500 Printer

  12. Capital Projects con’t

  13. Capital Projects con’t

  14. What next? Incorporate discussion from tonight’s meeting. Adopt Budget on May 13, 2014

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