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City of Modesto Fiscal Year 2012 – 13 Budget Workshops

City of Modesto Fiscal Year 2012 – 13 Budget Workshops. May 14th–18th, 2012. Agenda. Mayor’s Opening Comments Overview of Budget Process Budget Picture City Wide Budget General Fund Overview Water & Waste Water Funds Service Impacts Department Presentations

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City of Modesto Fiscal Year 2012 – 13 Budget Workshops

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  1. City of Modesto Fiscal Year 2012 – 13Budget Workshops May 14th–18th, 2012

  2. Agenda • Mayor’s Opening Comments • Overview of Budget Process • Budget Picture • City Wide Budget • General Fund Overview • Water & Waste Water Funds • Service Impacts • Department Presentations • Mayor’s Closing Comments & Recommendations • Finance Committee Deliberations and Policy Considerations

  3. Mayor’s Opening Comments “Do not follow where the path may lead. Go instead where there is no path and leave a trail.” - Ralph Waldo Emerson

  4. Overview of Budget Process

  5. Budget Picture • Revenues trending up slightly • Recovery slow, yet hopeful • Community support & City staff commitment • Economic Impacts on Central Valley Continue - housing market, foreclosures, unemployment rate, construction industry, etc.)

  6. Budget PictureContinued • Continued challenges • Expenditures still exceed revenues • Service levels remain flat but needs are evident • Water & Wastewater rates stable - Future rate increases being proposed • Salary & Benefits (contractual raises, increased PERS costs, retiree health care costs projected to increase annually) • MPOA – 2% August, 2012 – Estimated at $310,052 • MPMA – 2% August, 2012 – Estimated at $82,571 • MCFFA – 3% July, 2012 – Estimated at $460,898 • Structural Change needed • One time fixes are being depleted

  7. City – Wide Budget

  8. General Fund Overview – FY12/13 Notes: Revenues include Transfers In Transfers Out include: Debt Service - $3,400,801 Surface Transportation MOE - $1,687,715 4th Year of PD ARRA Grant - $986,000 Mayor's Recommended Reductions or Enhancements Are Not Included

  9. Shortfall for 2012 / 13

  10. Source of FY 11-12 Fund Balance Carryover

  11. FY 12 / 13 Proposed General Fund Revenues

  12. FY 12/13 ProposedGeneral Fund Revenues

  13. Total Revenues

  14. FY12/13 Proposed General Fund Expenditures

  15. FY12/13 Proposed General Fund Expenditures

  16. Proforma

  17. Water and Wastewater Funds • Water Fund Budget • $58 Million • 3.1% Rate Increase • Wastewater Fund Budget • $41 Million • 7% Rate Increase • Fiscal Challenges

  18. Service Impacts • Tree Trimming • Fire Services • Police Services • Street Sweeping • All Support Departments • Street Lighting • Park Maintenance • Roads • Graffiti Abatement

  19. Employee Benefit Fund • EBF – New actuarial analysis conducted in 2011 • Annual Required Contribution (ARC) doubled from previous actuarial study • The City is not fully covering pay-go costs • Pay-go costs are expected to double by 2020

  20. City ContributionRetiree Medical

  21. Worker’s Comp Fund • Workers Comp – New actuarial analysis done in 2011 • Claims cost have trended lower, but the actuarial has amortized the deficit funding to cover previous year holidays • The City is not fully covering Worker’s Comp cost (It is projected that reserves will drop from 14 mill (10/11) to 9 mill. (12/13)

  22. WORKERS’ COMPENSATION FUND Projected funding and expenses at current level* *Funded to 75% of recommended actuarial funding

  23. History of Funded Positions

  24. Sustainability Moving Forward • RE-BALANCE • 5th Year of fixes • Staffing levels reflect 2003 • Still need on-going, permanent change • (i.e., roll-overs, one-time monies) • Adapt to changing economic climate • To sustain moving forward, requires balance

  25. Department Presentations • City Clerk • City Attorney • City Manager, City Council & City Auditor • Parks, Recreation & Neighborhoods • Finance • Human Resources • Community & Economic Development • Police

  26. Department PresentationsContinued • Utility Funds Review • Sewer (Wastewater) • Storm Drain • Water • Utility Planning & Projects • Surface Transportation Funds (STF)-CEDD, Public Works & PRN

  27. Department PresentationsContinued • Public Works • Fleet • Transit • Airport & Parking • Information & Technology Fund • Modesto Regional Fire Authority (MRFA)

  28. Department PresentationsContinued • Report Backs/Discussions Continued • Policy Issues Addressed • Summary • Friday Meeting (To be held if needed)

  29. Mayor’s Closing Comments & Recommendations • See Mayor’s Recommendations Tab Located in Budget Binder (hard copies are available)

  30. Finance Committee Deliberations and Policy Considerations

  31. Closing Thank you & Questions

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