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City of globe

City of globe. Mayor and Council. 2014/15 Tentative Budget May 19, 2014. Key Issues. Slow Economic Recovery Small increases in revenues Continued high demand for additional services Taxes No Tax Increases State Shared Revenues HURF increase LTAF has not returned

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City of globe

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  1. City of globe Mayor and Council 2014/15 Tentative Budget May 19, 2014

  2. Key Issues • Slow Economic Recovery • Small increases in revenues • Continued high demand for additional services • Taxes • No Tax Increases • State Shared Revenues • HURF increase • LTAF has not returned • Staffing & Compensation • Capital Improvement Plan • Water & Wastewater Issues • Street maintenance • Community Center Pool

  3. 2014 Budget Summary - Personnel • Personnel • Three positions transferred to Council Contingency • One reclassification - $11,000 • Four adjustments to minimum range - $2,053 • Wages • Merit Raise Scenario - $50,000 • Health Insurance • Premium increases - $82,000 • City continues its HMO coverage • Retirement • No increases

  4. Capital Equipment & Projects

  5. Funding Outside Agencies

  6. General Fund Balance History 2008 $4,062,308 2009 $3,874,883 2010 $3,088,451 2011 $3,435,693 2012 $3,662,152 2013 $3,684,224 *Down $378,084 over all since 2008 Spend Savings – General Fund - Fund Balance at the end of 2012 was $3,637,93 Water - $2,410,166 Sewer – $1,791,720

  7. Projected Revenues for all Funds General Fund Revenues include but are not limited to: -Sales Tax -Property Taxes -Property lease proceeds -Permits and licenses -Revenue sharing

  8. Fund Balances • The revenue projection plus the fund balance = $24,531,487

  9. Expenditures by Department • Public Works / Streets • Access to Care • Revenues and Expenditures Balanced

  10. Future Budget Meetings • Tentative 2014/15 Budget Hearing and Adoption (June 10th at 6:00 p.m.) • Presentation of the Final 2014/15 Budget and Hearing (June 24th at 6:00 p.m.) • Final Budget Hearing and Adoption (July 8th at 6:00 p.m.) * All meetings will be held at the City Council Chambers (150 North Pine Street, Globe)

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