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HomeMy WebLinkAboutOrdinance No. 2013-2025 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2013-2025 ADOPT MUNICIPAL BUDGET FOR FISCAL YEAR 2013-2014 AN ORDINANCE OF THE CITY OF THE COLONY, APPROVING AND ADOPTING A BUDGET FOR THE CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2013, THROUGH SEPTEMBER 30, 2014; PROVIDING FOR THE INTRA AND INTER-DEPARTMENT FUND TRANSFERS; PROVIDING FOR THE INVESTMENT OF CERTAIN FUNDS; PROVIDING THAT EXPENDITURES FOR SAID FISCAL YEAR SHALL BE MADE IN ACCORDANCE WITH SAID BUDGET; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the Executive Director of Administration for the City of The Colony, Texas has heretofore filed with the City Secretary, a proposed general budget for the City covering the fiscal year 2013-2014; and WHEREAS, a public hearing was duly held and all interested persons were given an opportunity to be heard for or against any item therein in accordance with the Charter. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1: That the attached budget, presented by the City Manager and reviewed during Council meetings and work sessions, and as amended be approved for the fiscal year 2013-2014. SECTION 2: That the City Manager be and is hereby authorized to make intra and Council approved inter-departmental fund transfers during the fiscal year as becomes necessary in order to avoid over-expenditures of a particular account. SECTION 3: That the City Manager, unless expressly prohibited by law, or unless it is in contravention of any Depository Contract, may direct the City Finance Director to invest funds in accordance with the City's Investment Policy. SECTION 4: That said Budget as attached hereto as Exhibit "A" of this Ordinance, and made a part hereof for all purposes, is hereby approved in all respects and is adopted as the City's budget for the fiscal year beginning October 1, 2013, and ending September 30, 2014. SECTION 5: The fact that the fiscal year begins on October 1, 2013, requires that this Ordinance be effective upon its passage and adopted to preserve the public peace, property, health and safety, and shall be in full force and effect from and after its passage and adoption. DULY PASSED AND APPROVED, this the 17th day of September, 2013. J e McCou y, Mayor ,City of Th6 Colony, Texas ATTEST: 4 e r ~ 1 C rist e Wilson, TRMC, City Secretary APPROVED AS TO FORM: Jeff Mobre,.ity Attorney City of The,,'olony, Texas THE C(;LLONY City by the Luke. Annual Operating Budget For Fiscal Year 2013/2014 This budget will raise more total property taxes than last year's budget by $787,500 or 5.9% and of that $157,385 is tax revenue to be raised from new property added to the tax roll this year. The proposed tax rate of $.6775 per $100 valuation which is % cent less than the current tax rate of $.6800 per $100 valuation. Record Vote on Tax Rate: At the meeting on September 17, 2013, the members of the governing body voted to approve the budget for the 2013/2014 fiscal year as follows: FOR: AGAINST: PRESENT and not voting: ABSENT: Property Tax Comparison: 2012/2013 2013/2014 Adopted Tax Rate .680 .6775 Effective Tax Rate .691431 .632009 Effective Maintenance/Operations Tax Rate .460260 .459022 Rollback Tax Rate .712118 .664372 Debt Rate .219740 .218478 City Debt Obligations Secured by Property Taxes $ 4,702,200.00 TABLE OF CONTENTS City Manager's Message .....................................................................................1 General Fund .......................................................................................................3 Parks Fund ..........................................................................................................6 Utility Fund ............................................................................................................7 General Debt Service ............................................................................................8 Utility Tax Supported Debt ....................................................................................9 Revenue Bond Debt ............................................................................................10 Economic Development Corporation ..................................................................11 Community Development Corporation ................................................................12 Hotel/Motel Tax Fund ..........................................................................................13 Lake Parks Fund .................................................................................................14 Special Events Fund ..........................................................................................15 Capital Projects Administration Fund .................................................................16 Water/Sewer Impact Fees Fund ........................................................................17 Proposed Fee Schedule Changes ......................................................................18 City of The Colony Memorandum To: Mayor and City Council Members From: Troy Powell, City Manager Tim Miller, Assistant City Manager Date: Sept 9, 2013 Reference: Proposed FY 2013-2014 Budget Enclosed is the proposed budget for FY 2013-14. The purpose of this memo is to summarize significant items in the budget as well as to identify issues that will need to be considered in the future. The proposed budget was developed in conjunction with the following priorities: • Fee revenue estimates are based on the amended fee schedule (enclosed in back) which include a 3% increase in water rates for capacity improvements and deferred maintenance. • One fourth of a cent reduction in the property tax rate (.68 to .6775). • Fund balances operating days will remain the same as last year's budget: General Fund 80 days; Utility Fund 60 days; and Parks 60 days. • No planned debt issue. • Medical expense increase of 5%. • Certified tax roll of $2,307,050,778 which is a 5.9% or $127, 809,020 increase from last year's certified roll and will increase revenues approximately $787,500. • Total Debt Service requirements in (2013-14) will increase $199,607 due to refunding of the 2004 bonds, but thereafter start a progression of decreased requirements until debt is fully paid in 2030. • Improvements (CIP Budget) of $1,485,000. 1 Future City Council and Staff want to keep the below items on its radar. While there are likely additional items which could be added, the following represents some of the issues the City will need to consider. • The City Council has expressed a desire to continually reduce the tax rate. • Public Safety step increases will cost about $31,346 next year and is a good working number to use for each of the next few years. • CDC will contribute $250,000 to the Parks Fund for Five Star maintenance, which is close to the $275,000 annual operating costs of the Facility, in addition to providing for the debt service. • Although not required contractually, there will be a need for fire stations in Austin Ranch and the Tribute. The Tribute developer is required to provide some capital dollars for a station and equipment, but the City will be required to pay the majority of capital costs related to these two stations. Additionally, there will be significant additional personnel and equipment costs associated with these stations. • Although there will be additional operating costs as the Tribute development populates, revenues from this development will be limited for the next numerous years as a result of property tax rebates; however, once the rebate period ends, there should be an increase that could aid the City in a number of ways. • This budget will help address identified fleet improvements by providing a lump sum $95,000 for general vehicle replacements and $210,000 for patrol vehicles. These funds will be distributed on an as need basis with review by fleet and executive management prior to the approval of any vehicle replacements. Any revenue gained from surplus inventory sales from our current fleet will be added to the general vehicle reserve amount. • This Budget will also provide for a radio upgrade for the Fire Dept. and IT hardware for mandates and other immediate system updates. • City Hall and Library operations can't co-exist indefinitely. Plans should be made for relocating one or both operations to a different location. • There are many drainage issues throughout the City. The existing drainage fee will not cover paying for the necessary improvements. If this fee is not going to be increased then the same funds used to construct building, streets, etc. will need to be stretched to fund drainage improvements. The proposed FY 2013-14 Budget is respectfully submitted for your review. 2 GFNFRAI FUND Revenue & Expenditure Projections Fiscal Year 2013-2.014 201G-2011 2011-2012 2012-2013 2013-2014 Actua! Actual Budget Budget TAXES Ad Valorem Taxes Cut rentPi pertyTaxes 10,378,425 10,270,912 9,943,593 10,483,964 Rendition Penalty Revenue 2,187 1,874 2,000 2,000 Ag. Roll Back Taxes - 1,896 4,000 0,000 Delinouent Property Tax 298,782 150,735 149,000 80,000 Penalties & Interest 53,153 98,350 77,000 53.000 Total 10,732,567 10,523,767 10,175,593 10,622,964 Citv Sales Taxes Sales Taxes 3,339,096 3,576,329 3,572,730 3,644,185 !Mixed Bever age Tax 96,079 78,782 76,000 76,000 Total 3,435,175 3,655,111 3,648,730 3,720,185 Franchise Taxes Electric 1,201,038 ,142,556 1,155,000 1,200,000 NaturalCas 127,608 1i5,098 123,000 123,000 Telephone 216,618 182,975 197,000 175,000 Cable'', elevision 254,274 225,101 176,000 176,000 Video Sen4ce 188,346 359,600 264,000 300,00c Senltation-Resident!a ',45,248 156,456 142,000 153,590 Sa.mtm on-Ccn mercial 66,119 84,425 64,000 76,000 Total 2,199,251 2,266,211 2,121.000 2,203,590 TOTAL TAXES 16,366,993 '6,425,089 15,945,323 16,546,739 LICENSES & PERMITS Buiidmc, Permits-New Homes 203,839 276,5!6 2~O,000 175,000 &,riiding Permits-Other 291,971 216,696 000 220,000 Cor-'amercla! Permits 112,454 5,852 201,000 80,000 Ceru`icates 0` Occupancy 6,4£7 5,166 5,002 5.01100 Zoning Fees 5.711 9,185 6.00" c,000 Fire Fees 4,510 Z`i 319 20,000 10,600 Solo-Lors Permits 805 935 745 800 FIeald- Pelmil, 78,'12 78,029 80,000 78,0:0 P~atting Ices 11-,507 7,104 3,500 7,000 Alco .o' Per 1,200 21,435 7,500 7,000 Recd Registration 30,130 - Code - , o~ ccme=-t "r-r~s 25,535 19,761 35,000 26,000 Floodp,a'r Deve~opn,c nt Fer r;s 900 300 300 800 Crading Femmii 600 1,500 600 1,000 C'AL LICENSES & P-RIV' S 781,761 657,818 568,645 911.200 CI IARGES FOR SERVICES F s & Reaea:ion a'cz_loc Program Revenue 153,271 ihletlc Program Revenue 97,505 `o-mament Revenue 78,534 I ass & Facility Revenue !25,681 1 ota - nq,:atic Park 1,y mining Lessons 75,038 ason Passe 8,616 Sw`mming Team 15,351 --h ancc Fees L9,866 - - - Ccnccssion soles 1,999 - ivatc Partv Fees 32,762 Aeto'nic Classes 13,637 - - - I otal 97,269 3 GFNFRAI FUND Revenue & Fxpenditure Projections Fisail Year 7013-2014 2010-2011 2011-2012 2012-2013 2013-2014 Actual Actual Budge, Budget Fire & Ambulance Ambulance Calls 329,263 306,561 300,000 315,000 Liens On Services 30,433 44,782 25,000 25,000 County Ani lanceFunds 23,290 21,838 21,836 21,836 County Fire Funds 10,000 10,000 10,000 10,000 Total 392,986 383,181 356,836 371,836 I ib ary County Library Funds 48,346 40,555 37,000 37,000 Total 40,555 37,000 37,C00 Engineering Inspections inspection Fees 51,289 50,000 12,000 TXDOI - Iotal 51,289 50,000 12,000 TOTAL CHARGES FOR SERVICES 1,093,592 423,736 443,836 420,836 FINES F FORFEITURES iAunlcipal Court Fires 1,229,238 1,089,986 1,000,000 1,200,000 Library Fees 7,168 7,846 6,700 6,700 Animal Control Fees 33,440 30,5'_0 29,930 2,,,325 TOIAL FINES & FORFEITURES 1,269,846 1,12 8,342 .036,630 1,235,025 INVESTMENT INCOME Ir-,erest Income 10,027 -2,837 10,500 _0,500 TO AL INVLS,Iv,FEl NCOfv1E 10,027 12,E_7 1.0,50: i0 500 GRANT REVENUES Fe eia! Police Giant 9,11-9 2,504 1,000 5,000 Lib,ar~-G~a -ELOC C 9,100 1ISD G'a.nt 34,752 27,442 33,515 77,211 I0IAL6RANI REV'F,\JES 4&,595 .9.94E ~.S'7!: 78,211 01FIER RFVENUF.`, Auction l 4t t;/if, _;r00 5,000 Iower entaIFees 226,205 2 235,030 Insurance Reim5,.rsement 7_3 1.000 1.000 Aisce aneo,'s 20,891 279,261 35.000 20,010 o'.ice Reports 4,98E 3,802 5,000 5,000 a, rc Fees 32,489 38,940 35,000 32.000 ~nr 2on - Feii all 173,0 _ 1°,9,763 - dir._;hews Southwest -The Tribute 300,000 - - - TUTALOTHEBREVENUES 757.606 806,7'8 16,000 298,000 ICITALREVENUES 20.328,420 -4 14,49e,36,549 .06,Sr7 l-U'h!'JFLfi IN Overhead Costs ns`er -CDC - 50,000 - - I ransfer - EDC 4,037,000 27.000 78,000 28,001, 'I r~.n,fei - Store VV,-ter Ut!II-,y 80,000 - 1(I8,800 -68,800 nsfer - Hotel/Wotel -cx 6C,S96 ansfer - U i',ty l 2,405,000 2_.37'0,000 361,231 1,914,906 I n, ns`ei - UU'.ity Fund- Tii)olc AO Valorem - - 162,259 - r ns,er-EngineeringInspections 50.000 163,3]1 ransfer - Lake Parks (Mcvc( lno Parks) 35,000 35,000 I!ansfer'- Fleet Services - 337,835 - - I ransfer- Child Safety Fund 75,000 75,000 20,000 20,000 Transfer- SiB Loan - - Iia-isfer Capital Projects 580,000 -1 'ns'ei - HCP 50,000 - - IOTAI TRANSFERS 6,S42,996 3,538,166 1,790,290 2,-31,706 TOTAL RFVE(~IUEi F I RAPJSFERS 27,1.71_,47.6 23,052,662 20,155,73S 7 r f 35,217 4 GFNFRALFUND Revenue & Fxpenditure Projections Fiscal Year 7013-7014 2010-201: 20'1-2012 2012-2013 2013-201z Act:aal Actual Budget Budget EXPENDITURES Non-Departmental 6,24°,032 1,448,312 3,840,089 3,301,400 GeneralAdminlstration 383,716 525,043 51.5,94; 712,096 City Council 26,965 25,820 33,079 37,845 Development Services 935,282 584,754 - - Community Image - 376,524 403,214 412,813 City Secretary 254,444 239,333 248,056 294.298 Human Resources 255,240 305,902 269,728 259,047 Finance 558,724 800,861 799,944 8=3,_0.10 Intormation Technology 578,617 881,277 700,880 e78,c70 IViunicipai Court 352,281 357,244 356,742 370,750 Paris & Recreation 1,976,832 - Aquatic Park 355,595 Fire 4,835,991 5,157,856 5,15'1,376 5,361,229 Police 6,669,090 6,865,969 6,752,043 7,003,986 Library 95_,611 973,755 976,598 °76,523 Engineering _33,707 993,569 7,296,101 1,302,466 Public Works 1,271,311 - - I ecilities IVlaintenance 450,569 403,214 403,925 Fleet Services 566,263 568,734 539,007 Reserveo - Changes in encumbrances - - Reserved - Capital Proiem 857,803 OTA! FXPENDIIURFS 25,788,438 20,5!13,051 22,315,741 23,125,568 TRANSFER OUT transfer- Envlroiwiec,al F.:„d 4,000 Transfer- CVB 120,587 139,137 140,000 165,000 Transfer- General Debt Service 400,000 417,131 Transfer - SoecialEvents - - !00,000 Transfer-'4T6 20,000 20,000 iarsfe~ Comric ;i y Center 90,000 - -ra. sfe~ 'arks ~uPId - 3,270,:0 2,259,88 2,289,884 ransier - H C P Reserve to Parks Fund 165,000 ~OTALTRANSFE3OU7 654,587 _',997,268 2A19,88Z 2,574,884 TOTAL EXPENDITURES & TRANSFERS 26 4~3,Gi5 2z,544,319 24,735,625 25,700,452 011 COST ALLOCATION (3,945,663) (3,945,663) BF' IN~\'INIG FUND BALANCE 6,927,098 7,755,48_°• 6;263,832 6,529;00° EXCESS/(DEFICIENCY) 828,391 1,491,657) (634,823; 10.572) ENDING FUND BALANCE 7,755,489 6,263,£;32 5,629,009 5,512,437 RFSERVE FOR HIDDEN COVE PARK (765,000) 65,000) (165,000) (165,000) UNRESERVED FUND BALANCE 7,590,489 6,098,532 5,464,00° 5,3L7.437 Wodkimg Days in Fund Balance 105 91 81 80 5 PARKS FUND Revenue & Expenditure Projections Fiscal Year 7013-2014 20",-2011 2011-2012 2012-2013 2013-2014 Actual Actual Budget Budget {.I-{ARLES FOR 51= WICES Ferl s & Ron ea-Lion Recreation Program Revenue 163,845 155,000 160,000 Athletic Pogram Revenue 96,892 93,000 93,000 Athletic & Recreat;on Facility Revenue 100,744. 75,000 77,000 Pass Revenue 25,149 26,865 x19,000 Tonal 386,630 349,865 379,000 AquaVc Park Swimming Lessors 92,229 75,000 85,000 Season Passes 10,986 8,000 9,000 SwimmmE Team - 21,947 14,000 20,000 Emtamce Fees 45,366 45,000 43,000 Concession Sales 1,851 3,500 1,50^ Private Party Fees 33,052 33.660 33,660 Aerobic Classes 16,111 34,000 14,000 To-'11 - 221,542- 1960 208,160 Community Center Rental Revenue 9,638 8,000 9,000 Program Rcvc,rWe 2,472 1,000 1,000 Trip Revenue 3,141 25,000 - IVembership Fees 4,855 4,300 4,301, T otal 70,109 38,300 14,300 TOTAL CHARGES FOR SERVICES 678,281 581,325 601,460 OTHER INCOME Horizon Lease Paynnent ( Moved From GF) - 65,000 185,000 ViscellaneouS 7,801 - 1,000 00C ^te'esi ncanre 61C 500 _ 00 TOTAI OTHER I \COI\/ E 9,41 166,500 86,5('10 OTALREVENUES 687,692 747.825 787,910 TRANSFER IN ransfe! -Gene-al Fane 3,270,000 2,259,884 2,289,882 -ransfer - CDC - ve Star Maintenance 122,843 150.00^ 65,000 iansfer- CDC Fund Personnel 15Q,000 122,845 22,845 Transfer - Lzke Parks Fund 35,000 35,000 Transfer- HCP Reserve fron- Ge,ie,al Fcnd 65,000 Trarsfer - Comwun ty Center P no Balance 66,176 TOTAL TRANSFERS 3,774,",21 2,567,729 2,612,729 TOTAL REVENUES & TRANSFERS 4,46"-,713 3,315,554 3,400,689 EXPENDITURES Overhead FxpendiT_rres 1,014,192 1,014,192 1,014,396 Parks9 Recreation 1,957,947 1,991,546 2,030,105 Aquat!c Park 383,892 358,952 377,452 Commun!ty Center 155,401 729,873 1.52,62,1 574,573 TOTAL EXPENDITURES - 3,57'_,432 3_,'94,563 BEGINNING FOND BALANCE - 95Q 281 771,272 EXCESS (DEFICIENCY) 950,281 (179,009) C 73,884) ENDING FUND BALANCE 950,281 771,272 597,388 WorlCmg Days in Fund Balance - 81 6 UI ILILY FUND Revenue & Expenditure Projections fiscal Year 2013-2014 2.010-2011 2011.-2012 2012-20'_3 201,3-2014 Actual Actual Budget Budget CHARGES FOR SERVICES Water Service 8,749,538 8,101,058 7,938,642 8,397,646 11 Wastewater Service 4,533,492 4,544,938 4,494,500 4,585,400 Reconnect Fees 21,670 22,880 25,000 25,001, Penalties 432,330 413,526 410,000 410,000 Storm Water Utility Dees 491,857 Tap Connection Fees 330,095 82,625 70,000 100,000 Investment Income 6,916 6,4'_2 7,000 7,000 Miscellaneous 25,576 18,650 25,200 25,000, Recychne Billing 9,579 27,500 27,700 Recycling Education Contribution - 36,000 36,000 36,000 TOTAL REVENUES 13,879,617 13,727,525 13,033,842 13,613,746 TRANSFERS IN Transfer-Storm Water Utility Fund 290,000 350,000 Transfer- Capital Pmo ecs- Tribute - 162,259 - Transfei - Capita! Prc ees - 820 Fund Streets 100,000 Transfer - Environmental Fund Balance - - - - I OTAL TRANSFERS IN 552,259 350,000 TOTAL REVENUES & TRANSFERS 13,879.617 3,727,525 13,566,101 13,963,746 EXPENDITURES Overhead Expenses 2,593,752 2,593,752 2,593,752 Non-Departmental 1,079, 90 429,578 128,189 88,835 Wmei Prod,rctlon 2,579,93_, 2,58',198 2,548,200 2,702,399 VJatei Distrihutlon 1,535,338 1,016,804 1,011,277 1,065,291 VJasteWter 695,149 645,579 635,658 665,856 -dity AdminlSt[c.tion •73,878 491,989 687,679 687,614 Payroll Adminiso Rion 211,252 - - Pui,lic Wcrls 8i,163 1,241,065 1,457,885 1,347,254 Fac;Ilties lvllaintenance 4/3.537 - - - StoimVdatei EnLree_ing 38,996 37,534 37,534 Storm Water - Puhlic VVorlc' 1] 6,600 152,019 139,677 Frvlror,mental - 14x,5L 150,689 145,705 TO?ALEXPEND ITUF-S 7z -1 5,300.080 °,/02,882 9,477 TRANSFERS OUT Transfer - Generalund ,,000 2,320,000 361,231 1,514,906 Tre -ncfei - D. S.'.'t,ty-,, 1000,000 2,050,000 2,260,000 2,275,000 Transrei - D, S. Revenue bends 5,050,000 175,000 2°5,630 Trens~ei-Specia ?rciecs 50,000 Tran ster-Genera1Fund-I Ibute - - 62,259 - Transfei - Capital Pioiecs 400,000 TOTAL TRANSFERS OUT 5,805,000 5,545,000 5,079,120 4,589,906 TOTAL EXPENDITURES & TRANSFERS 13,40/,,742 ,845,080 14,482,002 14,Ob3,823 EEGININING FUND BALANCE 3,911,910 2,386,785 3,269,230 2,353,329 EXCESS (DEFICIENCY) 474,,,75 (1,117,555) (915,90'-) (-00,077) ENDING FUND BALANCE 4,386,785 3,269,230 2,353,329 2,253,252 Working Days in FL: Balance 119 80 59 60 7 GFNFRAI DEBT SFRVICF Revenue & Expenditure Projections Fiscal Year 2013-2014 2010-2011 2011-2:12 2012-2013 2013-2014 Actual Actjel Budget Budget CHARGES FOR SERVICES CurrentPropertyTaxes 4,093,016 4,344,118 4,742,880 4,990,000 De!Inquent PiohertyTaxes 132,912 69,327 40,000 40,000 Ag. Roll Back Taxes - 78, Penalty & Interest 21,338 56,922 25,000 25,000 Investment Income 24,835 3,369 1,500 1,500 TOTAL REVENUES 4,272,101 4,474,517 4,809,380 5,056,500 TRANSFERS IN Transfers In - General FUnd 400,000 400,000 Transfers In - Engineering inspections 17,231 1.7,53_ - Transfers In - 4A- 2013 Bond - - 155.001, Transfers In - 1AJaci<son Shaw/IVemorial l 294,882 292,450 292,547 292,547 Transfers In - Hill & Bike Trail 112,844 130,563 128,938 927,'50 Transfers In - Parking Lot 62,672 62,989 63,096 64,205 Transfers In - Parks 4B Projects - 5 Starr Debt 550,798 761,343 523,500 526,101, TOl AL TRANSFERS IN 1,438,327 1,664,476 1,008,081 1,165,002 TOTAL REVENUES & TRANSFERS 5,710,428 6,138,993 5,817,461 6,221,502 EXPENDII ORES Certificates of Obligation - 2000: - - Certificates of Obligation - 2000A: Cerilfcates of Obligation 2001 RefUnc' 20' 0 336,536 3'7,323 Certificates of Obligation - 2002: Refund 2011 714,400 452,681 - Certiflcates of Obligation - 2003: Refund 20'2 314,005 258,603 208,000 Certificates of Obligation - 2004 386,094 381,956 382,506 389,326 Me :ndi,,cFonds-200= 913,7Q 953,668 IG2,84s 1,6--,406 Certificates of Obligation 2006 404,166 244,285 244,501 244.272 eriificates of Obligation - 2007 686,431 691,23'_ 516,231 58,981 ",efundii:g Bonds - 1998/20C7:Refundec 2012 771,700 702,400 - - ertificates of Obligation - 2008 317,6"12 322,596 322,034 66,108 (tificates of Obligation -2010 585,750 945,500 946,625 945,950 erifcates of Obligation - 2010A 213,L66 207,900 21.0, 00 2800 Refunding Bonds 201012001 761,947 423,800 523,500 526,100 lefunding301-ds-2.31112002 - 217,822 680,732 654,052 efund~r;g Bonds-21,121201,3 &20C7 324,6 1 916,988 995,563 Certificates of Obligation - 2013 155,000 tefunding Bonds - 2013/2004 GF/l,104y 650,600 seal Agent Fees & Other 3,648 1,130 3,000 3,000 iOTALEXPENDITURES 6,409,549 6,425,556 6,117,461 6,522,''-S8 1 ;"CESS (DEFICIENCY) ((-,99,121) (286,563) (300,000) (300,656) r?[-(,~NNING- FUND BALANCE 2,592,933 853,812 607,245 307,229 EF DF G FUND ",AI_ANCL 89 8:2 7:049 -07,249 8 UTII ITY TAX SUPPORTFD DEBT Revenue & Fxpenditure Projections Fiscal Year 7013-707.4 2010-2011 201`-2C12 2012-2013 2073-2014 Actual Actual Budget Budget CHARGES FOR SERVICES Current Property Taxes (1,878) 7,089 Delinquent Property Taxes Fees 400,000 Penalty & Interest - - nvestmen Income 7,129 793 ,000 TOTAL RFVFNUFS 5,271 7,882 - 401,000 TRANSFERS IN Transfers In - EDC 4A 307,680 305,577 306,999 306,711 Water Impact Fees 1.00,000 Revenue Bond Refundng 1,990,506 Transfers In - Utility Fund 2,000,000 2,050,CC0 2,260,000 2,275,00.0 TOTAL TRANSFFRS IN 2,307,680 2,355,577 2,566,999 4,672,21, 7 TOTAL REVENUES & TRANSFERS 2,3_2,937 2,363,459 2,566,999 S,C73,217 EXPENDITURES Certificates of Obligation - 2002 Principal Payments 35,000 140,000 - merest Payments 94,G5C 5,776 - - Total Bond Payments 229,850 145,776 - - Certificates of Obligation - 2006 Principal Payments 718,952 745,281 783,829 81,3,872 Interest Pay!-ients 750,430 714,486 677,222 645,868 otel :crd°aymems 46°,382 7 4 °,767 161.051 7,45°.680 Certificates of Obligation - 2007 Principal Payments 260,000 270,000 285,000 300,000 Interest Pa;mentS 337,138 326,738 313,237 298,988 Tmal Bond Payments 597,138 5q6,738 598,237 598,988 Certificates of Obllgatirni 7(,10 Principe' Payments - 140,000 '40,000 145,000 li-cerest Payments 214,350 142,900 139,400 135,55C Total bond Payments 214,350 282,900 279,200 280.550 Certificates of Obligation - 20101, k ~Llpc. Payment<_ - 20,000 20.000 20,000 h,.erest Payments 8,900 17,400 7,000 16,600 Total Bond Paynenis 8,900 37,x'00 37,000 36 600 octal O b- ga:ior Reh.ndic.g ['fonds - 2011 cil)F Payn ents 4,80, 0 156,000 78/,800 li :erest Payments 63,986 58,968 55,848 oral Bond Paymems 68,786 214,968 243,68 u; .le lgatler Bonds - 2022 1 t :~apaj Payments °•0,000 156,000 04,350 klerest Payments 8,274 58,968 36,638 c1ol Bond Payments 108,114 214,968 240,988 w ,I Obligation Refund!ng Bonds -2013 (04) I ~clpal Payments 990,000 I :crest PeyrnentS 640,806 Otal Bono'ayments - - - - -,bst,tiUb sce.l Agent Fees & Other 35,645 600 600 TOTAL EXPENDITURES 2,555,265 2,699,581 2,805,621 4,697,860 MESS (DEFICIENCY) (242,334) (336,122) (238,625) 381,,357 BF6,NNING FUND BAIAIxCE 498,1 37 255,803 (80,319) (318,944) FNDING FUND BALANCE 255,803 (8Q319) (318,92-0) 62,413 9 REVENUE BOND DEBT SERVICE Revenue & Fxpendituie Projections Fiscal Year 201.3-2.014 2010-2011 20ll-2017_ 2012-2013 2013-2014 Actual Actual Budget Budget CHARGES FOR SERVICES Fees 395,768 397,403 400,000 Investment Income 2,940 8,720 2.400 TOTAL REVENUES 398,708 406,123 402,400 TRANSFERS IN Transfers in - Utility Fend 1,050,000 1,175,000 1,295,630 ],ansfers in - Impact Fees 622,000 355,000 - TOTAL TRANSFERS IN 1,672,000 1,530,000 1,295,630 TOTAL REVENUES & TRANSFERS 2,070,703 1,936,123 ?,693,030 EXPENDITURES Revenue Bonds-2004 Principal Payments 895,000 925,000 955,000 Interest Payments 739,385 710,350 675,663 Total Bond Payments 1,632,885 1,635,350 1,630,663 5evenue Refunding Bonds - 2008 Principal Payments 350,000 40,248 Interest Payments 88,733 Total Bond Payments 438,T3 40,248 - Revenue Refunding Bonds - 2012 Principal Payments - 26-.750 merest Payments 4-,913 Total Bond Payments 305,663 Cost oflssuance X6,935) °10.71) Transfer to Utili y Debt Service Fiscal Agent Fees & Other 323 323 - TOTAL EXPENDITURES 2,073,94] 1,675,921 936,326 EXCESS (DEI I(1LN( Y) 3,233) 260,202 (238,296) ("!,990,54[) BF6'dNINC FUND SA.LArcCE 1,971,833 1,968,600 2,228,802 1,`9C 506 ENDING FUND BALANCE 96£,600 2,228,802 :,990,506 - RESERVED 1,850,378 1,850,378 _,846,520 REMAINING FUND BALANCE 118,222 378,424 143,986 10 ECONOMIC L)LVLLC)I'MLNI -I A SALLS (AXES Revenue Expenditure Projections Fiscal Year 2.013-2014 2010-2011 2011-2012 2012-2013 2013-20`-,~ Actual Actual Budget Budget CITY SALES TAXES Sales Tax Revenues 1,669,554 1,788,164 1,786,365 1,822,093 Investment Income 7,101 5,534 7,500 6,000 Miscellaneous Revenue 349 3,957,220 - TOTAL REVENUES -.677,004 5,750.9:.8 1,793,865 1,828,093 EXPENDITURES-OPERATIONAL Personnel Se,vices 28`_,129 156,851 286,775 286,775 ComraczualServices 25,955 23,467 60,0^v0 60,000 Supplies 6,186 4,539 10,890 11,390 a.i;,tc na nce 500 500 ,ePltal outlay 37,208 - - Overhead Costs - 71,380 71,380 71,380 TOTAL EXPENDITURES 313,270 293,445 429,545 430,045 EXPENDITURES-ECONOMIC INCENTIVES Marketing 110,309 116,404 17&,637 182,209 Contingencies - - - Economic Development Incentives 90,835 151,358 2,500,000 500,000 Sales Tax Rebate 21.5,858 214,307 434,023 273,750 Transfer Out- General Fund BPP 28,000 27,000 28,000 28,000 1 tansfer Out - General Fund Re,mbrse 4,292,014 - 326,000 Trens`er Out- Debt Service 2013 152,000 Tans-er Gut - Gen Debt, Scrv. Fund 294,881 292,4SG 291, -47 93.767 Transfer Out -lax Suppor,ed Dect 307,680 305,577 306,999 305,559 TO' AL EXPENDITURES 5,339,578 1,"07,096 4,060,206 1,734,679 TOTAL EXPENDITURES 5,652,828 1,400541 4,489.75" 1(a,724 EXCESS (DEFICIENCY) (3,975,844) 43_0 277 (2,695,886) (536,(.31) BEGINNING FUND BALANCE 5,279,745 1,305,901 5,654,278 2,958,392 ENDING FUND BALANCE _303,901 5,65~,Z78 2,958,392 2,621,761 11 COMMUNIlYDFVFIC)PMENT - TYPEft AIFSTAXES Revenue & Expenditure Projections Fiscal Year 201.3-2014 2010-2011 2012-2012 2012-2013 Z0i3-2C14 Actual Actual Budget Budget CITY SALES TAXES Sales Tax Revenues 1,669,554 1,788,165 7,786,365 1,822,092 Investment Income 1,839 2,099 2,000 2,000 [Miscellaneous 250 5,089 - TOTAL RFV F.N0LS 1,671,643 1,795,353 1,788,365 1,824,092 TRANSFERS IN Transfei from General Fund Trans'ferirorn Capl_al Projects Fund TOT/,L TRANSFERS IN - 7O1A[ REVENUES & TRANSFERS 1,671,643 1.,795,353 1,788,365 1,824,092 EXPENDITURES-OPERATIONAL Personnel Services 200,462 57,666 201,088 91,856 ContiacnralServices 33,445 38,409 26,200 29,500 Supplies 5,3,3 3,026 4,400 4,000 IMal nt e na nce 9,124 13,008 22,600 25,201 Capital Outlay - - - Overhead Costs 35,690 35,690 35,690 TOT A:- EXPENDITURES 226,374 187,799 185,978 186126 EXPENDITURES-SPECIAL PROJECTS Existing Park Improvements 548,345 382,500 475,000 625,000 Sports Comp'e>-Deb, Service 550,758 761,143 5123,S00 526,'00 IOTA_EXPE*cDITURFQ I,099,143 l 643 998,500 1 5I, 011, TRANSFERS OUT Transfer to Hotel IUrotel Fund - Transfei to General Fund - HF Parking Lot - - Lansfei to FFt:<s Fund - Five Star M Jrt. _50,000 150,000 150,000 165,001 ,cr,sfe~ tc ben. Deb; Sens.-,- we & Slt:e Trail 130,563 128,938 127,750 Transfer to Gec. Debt Serv.-Parking Lot 63,672 62,989 63,096 6 .205 Transfer to Parks Fund - Persornel - 122,845 122,845 122,845 TOT A_ T RANSFERS CUT 213,672 X66,397 464,879 279,200 TOTAL FXPENDITURES & TRANSFERS 2,559,189 1,747,839 653,357 1,816,446 EXCESS (DEFICIENCY) 112,454 (2,486) 135,008 7,646 BF6i6'NING FUND BALA"r'CE L3' 2,145 1,424,600 1,422,115 1,557,_23 ENDING FUND BALANCE ?,424,600 1,422,115 2,557,123 1,564,769 12 HOTFI./MUTFI TAX FUND Revenue & Expenditure Projections Fiscal Year 2013-2014 2010-201% 2011-2012 20,12-20"_3 2013 2014 Actuai Actual Budget Budge, HOTEL/MOTEL TAXES Taxes 371,05€ 370,798 340,000 350,000 Miscellaneous 1711 427 - nvestmenr Income 131 7.5 30 TOTA~ REVENUES 371,361 371,240 340,030 350,000 TRANSFERS IN Transferfrom - Park Improvement Fund - - Transfer from - General Fund i4Q,0o0 1.65,000 Transfer from - Community Development Corp. - TM.ALTRANSFERSIN - T01 Al REVENUES & TRANSFERS 371,361 371,240 480,030 515,000 EXPENDITURES Communications Personnel Services 70,201 66,728 200,000 73,706 Contractual Services 61,670 60,956 6,000 840 Supplies 3,331 5,063 500 650 CVR PersonneServices - - 72,000 201,219 Contracual Services 36,840 36,195 Supplies - 5,000 s,x90 Overhead 35,688 35,691 3`,611 TOTA- EXPENDITURES 1 ?S,207 68,435 356,031 353,791 TRANSFERS OUT Transfei to Genera' Fund 60,996 - - I ransfer to Park improvement - 11ansferto Community Center - Opera.lonal 1.5,00.. Trnsferto SpecialEvent -21,109 180,000 180,000 250,000 TO-A, T RANSFLRS OUT 07,105 180,0,00 180,000 250,000 TOTAL EXPERIDITURFS & TRANSFERS 332,312 348,435 536,031 603,791 EXCESS (DFFICIEN(Y) 3°.049 22.805 (56.0Q? (88,791) BEG MslklG FUND EALPACE 83,969 123,018 145,823 89,822 ENDING FUND BALANCE _23,0i8 ]45,823 85,822 1,031 13 IAKE PARIS FUND Revenue & Expenditure Projections Fiscal Year 2413-2014 2010-2011 2051-2012 2012-20'3 2013-2014 Actual Actual Budget Budget CHARGES FOR SERVICES Fees & Permits 522,827 140,041 117,000 130,000 Developer Contributions 59,000 62,000 62,000 62,000, Concession Revenues 681 1,612 650 ;,000 Marine Quest - 51,700 50,000 50,000 investment Income 299 4,1 - Mitigation Fees 2,016 - 2,000 Miscellaneous 4,191 325 - - fOTAL REVENUES 189,0_4 255,718 231,650 243,000 TOTAL REVENUES & TRANSFERS 189,012 255,718 23'_,650 243,000 EXPENDITURES Salaries 193 102 - CoMractual Seivice_s 75,33 63,983 68,650 72,660 Supplies 6,897 6,946 17,300 9,350 k/laintenance 19,427 12,357 22,800 25,000 Cepital Outlay 8,212 7,475 - TOTAL EXPENDITURES "10,060 90,863 108,750 107,010 TRANSFERS 001 lransferto Parks Fund "35,000 35,000 35,000 35,000 TOTALTRANSfERS00- 35,000 35,000 35,000 35,000 TOTAL EXPENDITURES & TRANSFERS /5,060 125,863 543,750 142.070 EXCESS (DEFICIENCY) 43,954 129,855 87,900 100990 BEG'.NNING FUND BALANCE 52,799 96,753 226,608 314,508 ENDIN(, FUND BALANCE 96,753 226,608 314,508 415,498 14 SPECIAI EVENTS FUND Revenue & Expenditure Projections Fiscal Year 7013-2014 2010-2011 2011 2012 2012-20_3 2013-2014 Actual Actual Budget Budget REVENUES Donations & Sponsorships 10,229 16,457 8,000 8,000 Investment Income 38 - Event Revenues 44,943 46,023 40,000 40,000 TOTAL REVENGES 55,210 56,480 48,000 48,000 TRANSFERS IN Transfer from - General Fund 120,587 139,138 140,000 100,00:; Transferfrom - Hotel/IViotel T ax 121,109 7&0,000 180,000 250,000 TOTAL TRANSFERS IN 241,696 319,i38 320,000 3SQ,000 TOTAL REVENUES & TRANSFERS 296,906 375,618 368,000 398,000 EXPENDITURES Personnel 61,167 63,829 64,71:7 64,747 City P-ogram - 2,994 3,476 3,476 C l rlstm a s 7,809 4,093 5,000 5,000 Christmas Light Show Supplemental 28,822 24,979 14,500 13,500 Christmas Light Show Base 6,500 6,500 6,500 6.500 Liberty by The Lake 64,038 62,631 85,000 85,000 American Heroes 68,672 61,188 115,000 115,000 Pirate Days/W,~.il Box 60,000 6,000 LCT- Haunted House 2,988 10,000 10,000 15,000 Cultural Arts Board - Operating 4,521 - 25,000 - CUltural Arts Board - Grant - 10,000 ChJI, This moray 12,335 Parent Child Event 3,704 3,747 3,750 4,250 Hallov,,een Campout 3,263 3,260 3,400 3,400 Easter Egg Bunt 3,181 3,033 3,230 3,300 Event IVarketing 1,628 2,917 3,020 3,020 Arbor Day 2,750 2,34 2,500 2,500 Movies In-he Park 1,832 2,4_0 2,550 2,550 Kies ChasE 50 557 700 700 Back to School 1,826 1,540 1,950 1,950 Bow \Nova Pcv,, Wow 1,1 L2 7,987 1,800 c00 Colony ?layhouse - ;.,000 6,000 Road RL.i leis Chrb - 16,000 O,,L,ursl Art< Board Grant 10,074 25,000 22,500 C,auirl P.rts So arc. 19.275 10,000 - Over head 35,670 35.670 35,670 IOTA'-LXPENDIIURLS 336,22£. 372,018 438,793 368,'x93 EXCESS (DEFICIENCY) (39,322) 1,600 ,70,793) 29,807 BE&NNING FUND BALANCE 80,370 41,048 42,648 (28,145) ENDING FUND BALANCE 41,048 42,648 (28,125) 1,662 15 CAPITAI PROJFCTS ADMINISTRATION Revenue & Fxpenditure Projections Fiscal Year 2013-2014 2010-2011 2011-2012 2012-2013 2013-2014 Actual Actual Budget Budget REVENUES l"XDOT - 149,128 190,000 Investment Income 480 11 Miscellaneous 237 427 - TOTAL REVENUES 71.7 149,566 190,000 TRANSFERSIN Transfer - Revenue Bond Projects 116,892 - - Transfei - Impact Fees Fund - 201,000 200,000 Transfer - Capital Account (216/£346) 108,517 490,000 - - I ransfei - General Obligation Bonds - Transfei - Utility Fund Celt of Oblig 221,037 TOTAL TRANSFERS IN 446,446 490,000 201,000 200,000 TOTAL REVENUES & TRANSFERS 447,163 639,566 391,000 200,000 EXPENDITUPL!, Personne' Services 405,130 101,756 99,350 108,050 Contractual Services 7,8L' 2,00,1 ''_,000 Supplies 4,615 2,495 1,000 3,000 Maintenance 38 1,000 - Oveihead Costs - 159,276 15S,26i 159,265 TOTAL EXPENDITURES 417,598 262,92 262,615 271,315 TRANSFER OUT Transcr - Ge, crz' Puncl 580,,10 TOTAL T RA NS F ENS 0(171 580,000 TOTAL EXPENDITURES & TRANSFERS 417,598 842,921 262,615 271,315 EXCESS (DEFICIENCY) 29,565 (203,365; 12&,385 (71,3_F; BFG'IJNING FUND BALANCE ~r,F13 171,078 (32,277) 96,108 ENDING FUND BALANCE 71,078 (32,277) 96,108 24,793 16 WA'EER/SLWLR IMPACT ILLS I UND Revenue & Expenditure Projections Fiscal Year 7013-7014 2010-2011 201 1-2012 2012-2-07 3 2013-20"4 Actual Actual Budget Budget IMPACT FEES Water Impact Fees 296,016 178,415 130,000 215,000 Sewer Impact Feec 170,594 84,270 60,624 65,000 Investment 'income 1,086 59 100 TOTAL REVENUES 467,696 262,744 190,724 280,000 EXPENDITURES Water Impact Fee Reimbursement 237,776 25,000 - Sewer Impact Fee Reimbursement 35,204 65,976 37,500 60,000 Contractual Services - Water Maslei Plan 844 - - 35,000 TOTAL EXPENDITURES 773,824 65,976 62,500 95,000 TRANSFERS OLIT: Transer - Capita! Project Admin - - 201,00 200,000 l rans'er - Utility Revenue Debt Service 622,000 355,000 - 100,000 -1OTALTRANSFFRS OJT 622,000 355,000 201,000 300,000 TOT AL EXPENDITURES & TRANSFERS 895,824 420,976 263,500 395,000 EXCESS (DEFICIENCY) (428,128) ;158,232) (72,776) (115,000) BEG~f\'NINC FUND BALANCE 803,260 375,132 216,900 144,12/ ENDING FUND BALANCE 375,132 216,900 144,'24 29,124 17 PROPOSED FEE CHANGES 2013-2014 Item Existing Fee Proposed Fee Eff Date LIBRARY FEES Videocassette $10.00, plus $5.00 proc fee $5.00, plus $5.00 proc fee 1011113 Blu-ray Disc NEW FORMAT $20.00, plus $5.00 proc fee 10/1113 Early Literacy Kits NEW FORMAT $60.00, plus $5.00 proc fee 1011113 Photocopy Fee NEW FEE $15 per copy 1011113 ANIMAL CONTROL FEES Name change to: Voluntary Pet 10/1113 Voluntary Dog Registration Fees $10 Registration Fees UTILITY FEES t:onnect i'eo/Application he.e. 110 $20 1011113 Disconnect/Reconnect Fees $20 Added Disconnect 1011/13 $t5 or higher based on past Residential deposit water & $75 history 1011113 sanitation for homeowners $ i 5o of h1oh(3 based on past Residential deposit water & $150 history 10/1113 NSF Checks $25 ;,30 1011113 i ctensloue per fiscal year Delinquent accounts 2 extensions a year before cut-off. p. i,,i w cut-off day 1011/13 Cash and credit card only. Cash/Credit Only 1011/13 Increase Deposit $100 Increase deposits to the highest increments up to highest 1011113 ,if comet balance each time disconnected for account balance for the past 2 years, non-payment 1011113 PARKS FEES Activity Room Rental $151hr res / $30/hr non-res $2011ir res / $35/hr non-res 1011113 Youth Volleyball $50 res/$60 non-res $55 res/$65 non-res 10/1113 18 2012-2013 Water Rates Inside city Outside city Meter size Meter size (inches) Rate (inches) Rate 5/8 15.86 5/8 23.80 3/4 21.04 3/4 31.56 1 29.82 1 44.74 1 1 /2 57.88 1 1 /2 86.82 2 96.47 2 144.72 3 149.12 3 223.62 4 232.34 4 348.51 5 348.51 5 522.78 6 522.78 6 784.14 7 784.14 7 1,176.24 8 1,176.24 8 1,764.36 9 1,764.36 9 2,646.57 10 2,646.57 10 3,969.84 Commodity rate (per th. Gal ons) Commodity rate (per th. Gal ons) 2,001-15,000 3.59 2,001-15,000 5.39 15,001-25,000 4.48 15,001-25,000 6.69 25,001-40,000 4.78 25,001-40,000 7.14 40,001 and over 5.20 40,001 and over 7.82 2013.2014 Proopo!„ed Water Rates (includes a 3% increase) Inside city Outside city Meter size Meter size (inches) Rate (inches) Rate 5/8 16.34 5/8 24.51 3/4 21.67 3/4 32.51 1 30.71 1 46.08 1 1 /2 59.62 1 1 /2 89.42 2 99.36 2 149.06 3 153.59 3 230.33 4 239.31 4 358.97 5 358.97 5 538.46 6 538.46 6 807.66 7 807.66 7 1211.53 8 1211.53 8 1817.29 9 1817.29 9 2725.97 10 2725.97 10 4088.94 Commodity rate (per th. Gallons) Commodity rate (per th. Gal ons) 2,001-15,000 3.70 2,001-15,000 5.55 15,001-25,000 4.61 15,001-25,000 6.89 25,001-40,000 4.92 25,001-40,000 7.35 40,001 and over 5.36 40,001 and over 8.05 19 2012-2013 Sewer Rates Inside city Outside city Meter size Meter size (inches) Rate (inches) Rate 5/8 15.37 5/8 23.06 3/4 18.66 3/4 28.02 1 25.29 1 37.94 1 1 /2 41.84 1 1 /2 62.76 2 61.67 2 92.54 3 108.02 3 162.03 4 174.19 4 261.30 5 278.72 5 418.09 6 445.96 6 668.93 7 713.16 7 1070.28 8 1,141.63 8 1,712.43 9 1,826.59 9 2,739.90 10 2,922.56 10 4,383.83 Commodity rate (per th. Gallons Commodity rate (per th. Gallons Residential over 2,000 gal) 1 3.22 Residential over 2,000 gal) 1 4.84 Commercial over 2,000 al 4.36 Commercial(over 2,000 al 6.51 2013-2016. l'i t)pa_a: r:2r_ Sewer Rates (includes a 3% increase) Inside city Outside city Meter size Meter size (inches) Rate (inches) Rate 5/8 15.83 5/8 23.75 3/4 19.22 3/4 28.86 1 26.05 1 39.08 1 1 /2 43.10 1 1 /2 64.64 2 63.52 2 95.32 3 111.26 3 166.89 4 179.42 4 269.14 5 287.08 5 430.63 6 459.34 6 689.00 7 734.55 7 1102.39 8 1175.88 8 1763.80 9 1881.39 9 2822.10 10 3010.24 10 4515.34 Commodity rate (per th. Gal ons Commodity rate (per th. Gallons Residential over 2,000 3.32 Residential over 2,000 4.99 Commercial over 2,000 4.49 Commercial over 2,000 6.71 20