HomeMy WebLinkAboutItem 05 - FY 2014-2015 BudgetMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: SEPTEMBER 2, 2014
SUBJECT: PUBLIC HEARING ON THE FY 2014-2015 BUDGET
RECOMMENDATION:
That the City Council conduct a public hearing on the proposed FY2014-2015 annual
budget. The budget contains fund expenditures in the following amounts:
General Fund
$59,983,842
Municipal Court Technology Fund
55,825
Convention and Visitors Bureau Fund
18,484,011
Convention and Visitors Bureau Incentives Fund
1,707,600
Stormwater Drainage Fund
1,839,147
Crime Control & Prevention District Fund
13,816,290
Lake Parks Special Revenue Fund
2,135,051
4B Transit Fund
13,296,999
Economic Development Fund
2,394,630
Debt Service Fund
16,020,932
Utility Enterprise Fund
23,616,280
Utility Permanent Capital Maintenance Fund
1,000,000
Lake Enterprise (Golf) Fund
3,360,547
General Permanent Capital Maintenance Fund
1,646,000
Permanent Street Maintenance Fund
1,633,000
Community Quality of Life Capital Projects
831,715
Streets, Traffic and Drainage Capital Projects
4,202,843
Buildings and Facilities Capital Projects
38,888,602
Parks and Beautification Capital Projects
2,029,964
Water and Wastewater Capital Projects
7,547,847
Capital Equipment Acquisitions
3,065,000
:LAM%L4 vrel I I ki Il
Pursuant to the Charter of the City of Grapevine, Texas, Section 907, a public hearing
on the annual budget shall be held to allow all interested persons to be heard for or
against any item or the amount of any item therein contained. The public hearing shall
commence on September 2, 2014 and final action on the budget shall be taken at a
special meeting on September 10, 2014. A copy of the proposed FY 2015 budget
summary is attached hereto.
August 22, 2014 (11:51 AM)
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GENERAL FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE:
9,607,816
11,940,983
11,375,229
11,375,229
11,459,015
OPERATING REVENUE:
1,400,000
1,558,000
1,558,000
1,558,000
1,633,000
Ad Valorem Taxes
8,752,782
8,494,995
8,970,000
8,477,757
8,458,046
Sales Taxes
23,750,003
24,596,040
25,275,000
25,836,200
26,611,200
Mixed Beverage Taxes
1,051,264
1,158,625
1,113,150
1,584,069
1,615,000
Franchise Fees
6,106,331
6,618,333
6,200,000
6,376,238
6,350,000
Licenses & Permits
1,532,750
1,267,206
1,288,349
1,192,789
1,231,626
Charges for Services
8,373,313
8,986,686
8,642,566
8,629,776
9,265,167
Intergovernmental
134,055
100,284
86,482
82,252
86,482
Fines and Forfeitures
1,817,775
2,022,984
2,051,030
2,117,170
2,202,393
Miscellaneous
700,501
964,405
777,700
759,384
766,736
Total Operating Revenue
52,218,775
54,209,558
54,404,277
55,055,635
56,586,650
TRANSFERS IN:
Admin. Fee - Utility Fund
1,444,541
1,271,724
1,785,938
1,731,308
1,814,731
Admin. Fee - CVB Fund
1,024,323
966,247
1,025,100
1,041,010
961,043
Admin. Fee - Lake Ent. Fund
232,120
198,896
118,125
110,589
118,125
Administrative Fee - SDUS
104,225
91,668
103,900
104,025
104,206
Administrative Fee - Lake Parks Fund
0
0
158,250
155,475
159,375
Administrative Fee - 4B Fund
264,575
272,548
244,922
244,089
251,356
Total Transfers In
3,069,783
2,801,083
3,436,235
3,386,496
3,408,836
TOTAL REVENUE AND TRANSFERS
55,288,559
57,010,641
57,840,512
58,442,131
59,995,486
OPERATING EXPENDITURES:
Personnel
24,877,196
25,529,272
26,809,224
25,830,301
27,601,731
Supplies
2,452,688
2,609,645
2,904,157
2,734,309
3,110,410
Maintenance
734,005
713,363
886,035
866,806
903,053
Services
8,187,354
8,872,413
9,015,713
9,526,803
9,626,990
Capital Outlay
210,096
358,102
150,226
146,316
105,808
Insurance
8,182,252
8,618,063
9,914,245
9,768,809
10,454,850
Total Operating Expenditures
44,643,590
46,700,859
49,679,600
48,873,345
51,802,842
TRANSFERS OUT:
To Permanent Capital Maintenance
1,171,500
1,251,000
1,251,000
1,251,000
1,646,000
To Permanent Street Maintenance
1,400,000
1,558,000
1,558,000
1,558,000
1,633,000
To Capital Equipment Acquisition Fund
1,240,301
1,596,650
1,676,000
1,676,000
1,202,000
To Community Quality of Life Fund
3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
To Crime Control & Prevention District Fund
1,500,000
1,300,000
1,175,000
1,000,000
700,000
To Economic Development Fund
0
0
1,000,000
1,000,000
0
To Capital Improvement Projects Fund
0
2,169,886
0
0
0
Total Transfers Out
8,311,801
10,875,536
9,660,000
9,485,000
8,181,000
TOTAL EXPENDITURES AND TRANSFERS
52,955,391
57,576,395
59,339,600
58,358,345
59,983,842
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES:
2,333,167
(565,754)
(1,499,088)
83,787
11,644
ENDING FUND BALANCE:
11,940,983
11,375,229
9,876,141
11,459,015
11,470,659
FUND BALANCE REQUIREMENT:
8,806,407
9,212,224
9,799,812
9,640,769
10,218,643
* Fund balance requirement is 20% of total budgeted
expenditures (72 days of operation).
The FY 2014-15 projected Ending Fund Balance represents 22% of total budgeted
expenditures
(84 days of operation).
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
MUNICIPAL COURT TECHNOLOGY FUND
Total Operating Revenue 46,318 47,552 48,250 47,715 48,050
TRANSFERS IN:
0 0 0 0 0
TOTAL REVENUE AND TRANSFERS 46,318 47,552 48,250 47,715 48,050
OPERATING EXPENDITURES:
Personuel
2011-12
2012-13
2013-14
2013-14
2014-15
Supplies
Actual
Actual
Budget
Estimate
Proposed
Maintenance
0
0
0
0
0
BEGINNING FUND BALANCE:
87,728
51,830
75,910
75,910
92,018
Capital Outlay
0
0
0
0
0
OPERATING REVENUE:
59,771
750
12,250
8,000
0
Court Technology Fees
45,966
47,459
48,000
47,665
48,000
Interest Income
352
93
250
50
50
Total Operating Revenue 46,318 47,552 48,250 47,715 48,050
TRANSFERS IN:
0 0 0 0 0
TOTAL REVENUE AND TRANSFERS 46,318 47,552 48,250 47,715 48,050
OPERATING EXPENDITURES:
Personuel
0
0
0
0
0
Supplies
42,971
750
0
8,000
0
Maintenance
0
0
0
0
0
Services
16,800
0
12,250
0
0
Capital Outlay
0
0
0
0
0
Total Operating Expenditures
59,771
750
12,250
8,000
0
TRANSFERS OUT:
Transfer to Debt Service Fund
22,446
22,722
23,607
23,607
55,825
Total Transfers Out
22,446
22,722
23,607
23,607
55,825
TOTAL EXPENDITURES AND TRANSFERS 82,217 23,472 35,857 31,607 55,825
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: (35,899) 24,080 12,393 16,108 (7,775)
ENDING FUND BALANCE: 51,830 75,910 88,303 92,018 84,243
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CONVENTION AND VISITORS BUREAU FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 4,615,086 5,424,087 4,706,140 4,706,140 1,908,917
OPERATING REVENUE:
Occupancy Taxes
12,245,051
12,772,217
12,899,724
12,903,000
11,141,548
Facility Rental Income
641,889
679,306
826,000
785,000
884,000
Interest Income
12,423
10,340
9,000
8,000
5,200
Sales & Merchandise
288,417
349,708
410,871
368,000
418,200
Train Operations
1,555,903
1,658,218
1,663,400
1,750,000
1,765,000
Festivals & New Vintage
3,074,203
3,006,894
3,280,000
3,153,239
3,447,000
Visitor Shuttle System
139,439
126,629
148,000
135,000
148,000
Miscellaneous Income
621,655
315,332
299,000
538,400
343,158
Total Operating Revenue
18,578,979
18,918,644
19,535,995
19,640,639
18,152,106
TRANSFERS IN:
25,000
40,000
30,000
30,000
25,000
Transfer from 4B Economic Devl. Fund
348,945
298,819
385,458
323,940
344,809
Transfer from General Fund
0
15,041
0
0
0
Total Transfers In
348,945
313,861
385,458
323,940
344,809
TOTAL REVENUE & TRANSFERS 18,927,924 19,232,505 19,921,453 19,964,579 18,496,915
OPERATING EXPENDITURES:
Personnel
4,501,700
4,630,206
5,429,119
5,246,078
5,652,684
Supplies
3,048,356
3,032,949
2,860,240
2,337,279
949,750
Maintenance
151,922
204,898
212,690
198,170
225,600
Services
3,345,401
3,491,886
3,342,908
3,271,173
4,544,184
Festival & Train Operations
3,997,994
3,897,417
3,953,350
4,150,000
4,149,800
Capital Outlay
13,159
8,976
108,500
145,400
40,000
Total Operating Expenditures
15,058,531
15,266,332
15,906,807
15,348,100
15,562,018
TRANSFERS OUT:
Transfer to General Fund - Admin Fee
1,024,323
966,247
1,025,100
1,041,010
961,043
Transfer to GTRP Fund
25,000
40,000
30,000
30,000
25,000
Trans. To 4B Fund
0
244,460
0
0
0
Trans. to Debt Service Fund
1,966,070
2,085,317
2,087,900
2,038,900
1,935,950
Transfer to Capital Projects Fund
45,000
828,029
669,600
669,600
0
Transfer to Permanent Capital Maint.
0
70,068
35,000
35,000
0
Transfer to Capital Equip Acquisition Fund
0
450,000
0
0
0
Total Transfers Out
3,060,393
4,684,120
3,847,600
3,814,510
2,921,993
TOTAL EXPENDITURES & TRANSFERS 18,118,924 19,950,452 19,754,407 19,162,610 18,484,011
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 809,000 (717,947) 167,046 801,969 12,904
ENDING FUND BALANCE: 5,424,087 4,706,140 4,873,186 5,508,109 1,921,821
FUND BALANCE REQUIREMENT: 2,475,375 2,509,534 2,614,818 2,522,975 2,558,140
* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2014-15 projected Ending Fund Balance represents 45 days of operation.
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CONVENTION & VISITORS BUREAU INCENTIVES FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 0 0 0 0 3,599,192
OPERATING REVENUE
Occupancy Taxes - Gaylord 1,555,200
Occupancy Taxes - Great Wolf 450,000
Occupancy Taxes - All (1%) 2,191,124
Interest Income 3,676
Total Operating Revenue 0 0 0 0 4,200,000
TRANSFERS IN: 0 0 0 0 0
TOTAL REVENUE AND TRANSFERS 0 0 0 0 4,200 000
OPERATING EXPENDITURES:
Personnel 0
Supplies 0
Maintenance 0
Services 1,707,600
Capital Outlay 0
Total Operating Expenditures 0 0 0 0 1,707,600
TRANSFERS OUT: 0 0 0 0 0
TOTAL EXPENDITURES AND TRANSFERS 0 0 0 0 1,707,600
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 0 0 0 0 2,492,400
ENDING FUND BALANCE: 0 0 0 0 6,091,592
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
STORMWATER DRAINAGE UTILITY FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 3,007,049 3,181,522 2,026,203 2,026,203 762,067
OPERATING REVENUE
Drainage Utility Fees
1,380,285
1,388,412
1,385,329
1,387,000
1,389,412
Interest Income
10,552
3,460
5,000
1,000
1,166
Interest Income - 2000 C.O.
380
120
400
45
46
Miscellaneous
365,186
5,600
0
(75)
0
Total Operating Revenue
1,756,402
1,397,591
1,390,729
1,387,970
1,390,624
TRANSFERS IN:
0
0
0
0
0
TOTAL REVENUE AND TRANSFERS 1,756,402 1,397,591 1,390,729 1,387,970 1,390,624
OPERATING EXPENDITURES
Personnel
465,963
468,404
496,233
429,845
495,598
Supplies
52,618
36,438
59,700
54,900
59,700
Maintenance
199,352
107,145
125,000
95,000
125,000
Services
242,529
259,307
2481,141
243,900
260,408
Capital Outlay
78,378
903,960
800,000
1,195,000
365,000
Total Operating Expenditures
1,038,840
1,775,254
1,729,074
2,018,645
1,305,706
TRANSFERS OUT
Transfer to General Fund - Admin Fee
104,225
91,668
103,900
104,025
104,206
Transfer to Debt Service Fund
113,863
113,988
319,436
319,436
318,735
Transfer to Equipment Acquisition Fund
325,000
572,000
210,000
210,000
110,500
Total Transfers Out
543,088
7771,656
6331,336
633,461
533,441
TOTAL EXPENDITURES AND TRANSFERS 1,581,928 2,552,910 2,362,410 2,652,106 1,839 147
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 174,474 (1,155,319) (971,681) (1,264,136) (448,523)
ENDING FUND BALANCE: 3,181,522 2,026,203 1,054,522 762,067 313,544
FUND BALANCE REQUIREMENT: 170,768 291,823 2841,231 331,832 214,637
* Fund balance requirement is 16.4% of total budgeted expenditures (60 days of operation).
The FY 2014-15 projected Ending Fund Balance represents 88 days of operation.
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
CRIME CONTROL & PREVENTION DISTRICT
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 308,373 714,144 861,919 861,919 1,1857197
OPERATING REVENUE:
Sales Tax (1/2 cent)
Commercial Vehicle Enforcement
Interest Income
Miscellaneous
Total Operating Revenue
11,286,914 11,958,485 12,350,000 12,621,289 12,913,790
150,181
187,226
200,000
180,000
200,000
3,435
2,464
5,075
2,500
2,500
220
1,980
0
0
0
11,440,750
12,150,154
12,555,075
12,803,789
13,116,290
TRANSFERS IN:
Transfer from General Fund 1,500,000 1,300,000 1,175,000 1,000,000 700,000
Total Transfers In 1,500,000 1,300,000 1,175,000 1,000,000 700,000
TOTAL REVENUE AND TRANSFERS 12,940,750 13,450,154 13,730,075 13,803,789 13,816,290
OPERATING EXPENDITURES:
Personnel
9,491,241
9,763,541
10,43 6,3 89
10,075,920
10,632, 541
Supplies
574,421
689,760
926,915
839,202
691,708
Maintenance
106,875
108,975
142,300
141,570
138,800
Services
2,216,402
2,447,481
2,224,471
2,423,820
2,353,241
Capital Outlay
146,040
291,122
0
0
0
Total Operating Expenditures
12,534,979
13,300,880
13,730,075
13,480,512
13,816,290
TRANSFERS OUT:
Transfer to Special Revenue Fund
0
1,500
0
0
0
Total Transfers Out
0
1,500
0
0
0
TOTAL EXPENDITURES AND TRANSFERS 12,534,979 13,302,380 13,730,075 13,480,512 13,816,290
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 405,771 147,775 0 323,277 0
ENDING FUND BALANCE: 714,144 861,919 861,919 1,185,197 1,185,197
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
LAKE PARKS SPECIAL REVENUE FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: (1,121,838) (958,738) (820,930) (820,930) (752,342)
OPERATING REVENUE:
153,353
161,759
187,168
181,821
151,111
Boat Ramp Fees
146,061
146,480
150,000
135,000
150,000
Pavilion Fees
45,318
53,110
60,000
58,000
70,000
Camping Fees
1,294,892
1,369,574
1,525 000
1,500 000
1,525,000
Entrance Fees
356,505
345,371
375,000
380,000
380,000
Merchandise Sales
72,063
72,658
90,000
93,000
90,000
Interest & Misc. Income
13,523
53,346
25,000
40,000
30,000
Total Operating Revenue
1,928,362
2,040,540
2,225,000
2,206,000
2,245,000
TRANSFERS IN:
0
0
0
0
0
TOTAL REVENUE AND TRANSFERS 1,928,362 2,040,540 2,225,000 2,206,000 2,245,000
OPERATING EXPENDITURES
Personnel
153,353
161,759
187,168
181,821
151,111
Supplies
209,746
226,804
196,500
197,600
156,100
Maintenance
96,174
90,536
122,500
168,500
117,500
Services
969,423
1,095,982
1,013,320
1,018,320
1,211,951
Capital Outlay
0
0
108,000
91,723
18,000
Total Operating Expenditures
1,428,696
1,575,081
1,627,488
1,657,964
1,654,662
TRANSFERS OUT:
Transfer to General Fund - Admin Fee
0
0
158,250
155,475
159,375
Transfer to Debt Service Fund
336,566
327,651
323,973
323,973
321,014
Total Transfers Out
336,566
327,651
482,223
479,448
480,389
TOTAL EXPENDITURES AND TRANSFERS 1,765,262 1,902,732 2,109,711 2,137,412 2,135,051
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 163,100 137,808 115,289 68,588 109,949
ENDING FUND BALANCE: (958,738) (820,930) (705,641) (752,342) (642 393)
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
4B TRANSIT FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 10,687,723 12,896,954 16,154,778 16,154,778 7,590,906
OPERATING REVENUE:
Sales Tax
11,637,444
12,290,417
12,637,500
12,918,101
13,305,644
Interest Income
30,478
17,649
37,500
25,287
27,000
Miscellaneous
0
0
0
19,500,000
0
Total Operating Revenue
11,667,922
12,308,066
12,675,000
32,443,387
13,332,644
TRANSFERS IN:
1,050,000
100,000
0
100,000
0
Transfer in from Visitor Shuttle Fund
0
244,460
0
0
0
Total Transfers In
0
244,460
0
0
0
TOTAL REVENUE AND TRANSFERS 11,667,922 12,552,526 12,675,000 32,443,387 13,332,644
OPERATING EXPENDITURES:
Personnel
0
0
0
0
0
Supplies
0
0
0
0
0
Services
7,283
3,491
31,116
25,932
290,000
Contractual Services - The T 3/8 Cent
7,768,204
8,619,843
8,542,667
8,758,575
9,084,424
Community Distributions
1,050,000
100,000
0
100,000
0
Capital Outlay
1,660
0
0
29,498,663
0
Total Operating Expenditures
8,827,147
8,723,334
8,573,783
38,383,170
9,374,424
TRANSFERS OUT:
Transfer to Visitor Shuttle Fund
366,970
298,819
385,458
380,000
344,809
Transfer to Economic Development Fund
0
0
2,000,000
2,000,000
3,326,411
Transfer to General Fund - Admin Fee
264,575
272,548
244,922
244,089
251,356
Total Transfers Out
631,545
571,368
2,630,380
2,624,089
3,922,576
TOTAL EXPENDITURES AND TRANSFERS 9,458,691 9,294,702 11,204,163 41,007,260 13,296,999
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 2,209,231 3,257,824 1,470 837 (8,563,872) 35,644
ENDING FUND BALANCE: 12,896,954 16,154,778 17,625,615 7,590,906 7,626,550
RESERVES:
Reserved for Economic Development Projects 1,729,632 2,129,632 679,632 579,632 579,632
Reserved for Train Station Improvements 11,167,322 14,025,146 16,945,983 7,011,274 7046918
Total Reserves 12,896,954 16,154,778 17,625,615 7,590,906 7,626,550
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
ECONOMIC DEVELOPMENT FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 0 0 0 0 2,799,493
OPERATING REVENUE:
Interest Income 20,000
Total Operating Revenue 0 0 0 0 20,000
TRANSFERS IN:
Transfer in from General Fund
Transfer in from 4B Fund
1,000,000 1,000,000
2,000,000 2,000,000 3,326,411
Transfer in from TIF 1 Fund 1,000,000 1,000,000
0 0 4,000,000 4,000,000 3,326,411
TOTAL REVENUE AND TRANSFERS 0 0 4,000,000 4,000,000 3,346,411
OPERATING EXPENDITURES:
Personnel
Supplies
0 0 67,927 39,418 434,903
0 0 5,000 4,000 5,000
Services 0 0 600,000 714,400 322,700
Total Operating Expenditures 0 0 672,927 757,818 762,603
TRANSFERS OUT:
Transfer to Debt Service Fund 0 0 0 442,689 1,594,027
Transfer to Capital Equip Fund 0 0 0 0 38,000
Total Transfers Out 0 0 0 442,689 1,632,027
TOTAL EXPENDITURES AND TRANSFERS 0 0 672,927 1,200,507 2,394,630
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 0 0 3,327,073 2,799,493 951,781
ENDING FUND BALANCE: 0 0 3,327,073 2,799,493 3,751,274
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
DEBT SERVICE FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 9,292,112 12,252,396 16,119,415 16,119,415 16,13 6,5 30
OPERATING REVENUE
Property Taxes - Current
10,815,925
11,236,087
11,666,680
11,639,762
11,700,000
Property Taxes - Delinquent
134,388
150,758
110,000
63,587
69,779
Interest Income
36,694
24,537
75,000
28,703
40,000
Total Operating Revenue
10,987,008
11,411,382
11,851,680
11,732,052
11,809,779
TRANSFERS IN:
1,268,603
1,275,142
1,116,736
1,116,736
2,013,386
Transfer from Municipal Ct. Technology Fund
22,446
22,722
23,607
23,607
55,825
Transfer from CVB Fund
1,966,070
2,085,317
2,087,900
2,038,900
1,935,950
Transfer from SDUS Fund
113,863
113,988
319,436
319,436
318,735
Transfer from Lake Parks Fund
336,566
327,651
323,973
323,973
321,014
Transfer from Economic Development Fund
0
0
0
0
1,594,027
Bond Proceeds/Refunding/Premiums
0
7,917,555
0
0
0
Total Transfers In
2,438,945
10,467,233
2,754,916
2,705,916
4,225,551
TOTAL REVENUE AND TRANSFERS 13,425,953 21,878,615 14,606,596 14,437,968 16,035,330
OPERATING EXPENDITURES:
G.O. Bond Interest Payments
1,907,526
1,505,611
4,449,414
4,449,414
3,755,940
G.O. Bond Principal Payments
4,980,000
5,127,160
6,361,345
6,356,345
7,305,000
C.O. Interest Payments
630,069
542,460
504,510
504,510
1,441,404
C.O. Principal Payments
1,268,603
1,275,142
1,116,736
1,116,736
2,013,386
Tax and Note Interest Payments
173,188
124,353
165,355
165,355
97,860
Tax and Note Principal Payments
1,247,261
1,273,212
1,824,236
1,824,236
1,400,342
Fiscal Agent & Bond Fees
11,800
88,956
7,000
4,257
7,000
Pymt to Refund Bond Escrow Agent
0
7,833,892
0
0
0
Total Operating Expenditures
10,465,668
18,011,596
14,428,596
14,420,853
16,020,932
TRANSFERS OUT:
0
0
0
0
0
TOTAL EXPENDITURES AND TRANSFERS 10,465,668 18,011,596 14,428,596 14,420,853 16,020,932
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 2,960,284 3,867,019 178,000 17,115 14,398
ENDING FUND BALANCE: 12,252,396 16,119,415 16,297,415 16,136,530 16,150,928
FUND BALANCE REQUIREMENT: 2,064,461 3,552,972 2,846,189 2,844,661 3,160,293
* Fund balance requirement is 20% of total budgeted expenditures (72 days of operation).
The FY 2014-15 projected Ending Fund Balance represents 368 days of operation.
FY 2014-15 PROPOSED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
UTILITY ENTERPRISE FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING WORKING CAPITAL: 6,453,485 6,625,733 6,253,108 6,253,108 8,545,833
OPERATING REVENUE:
Water Sales
12,333,770
12,058,529
15,252,164
14,960,700
15,565,450
Wastewater Sales
6,533,301
6,629,881
7,802,336
7,802,336
8,207,960
Tap & Inspection Fees
80,860
137,145
48,000
106,064
48,000
Reconnects & Transfers
201,134
180,945
200,000
200,000
200,000
Interest Income
70,162
139,910
175,000
15,000
175,000
Miscellaneous Income
408,177
559,582
335,000
979,766
335,000
Total Operating Revenue
19,627,403
19,705,991
23,812,500
24,063,866
24,531,410
TRANSFERS IN:
0
0
0
0
0
TOTAL REVENUE AND TRANSFERS 19,627,403 19,705,991 23,812,500 24,063,866 24,531,410
OPERATING EXPENDITURES:
Personnel
2,830,002
2,916,458
3,155,414
3,012,248
3,180,498
Supplies
597,025
632,368
836,700
726,222
789,874
Maintenance
391,585
433,868
417,647
420,019
423,109
Services
10,230,706
11,635,415
13,299,959
13,021,723
13,966,743
Debt Service
2,984,329
2,859,089
1,376,227
1,376,227
1,734,325
Permanent Capital Maint.
896,235
329,694
1,000,000
1,001,000
1,000,000
Capital Outlay
80,733
0
518,000
482,394
707,000
Total Expenditures
18,010,614
18,806,893
20,603,947
20,039,833
21,801,549
TRANSFERS OUT:
Transfer to General Fund - Admin Fee
1,444,541
1,271,724
1,785,938
1,731,308
1,814,731
Total Transfers Out
1,444,541
1,271,724
1,785,938
1,731,308
1,814,731
TOTAL EXPENDITURES AND TRANSFERS 19,455,155 20,078,616 22,389,885 21,771,141 23,616,280
SURPLUS (DEFICIT) OF REVENUE
OVER(UNDER)EXPENDITURES: 172,248 (372,625) 1,422,615 2,292,725 915,130
ENDING WORKING CAPITAL: 6,625,733 6,253,108 7,675,723 8,545,833 9,460,963
FUND BALANCE REQUIREMENT: 2,960,649 3,091,544 3,386,950 3,294,219 3,583,816
* Fund balance requirement is 16% of total net budgeted expenses or 60 days of operation.
The FY 2014-15 projected Ending Working Capital Balance represents 158 days of operation.
PROJECT: PROPOSED
Water Permanent Capital Maintenance 500,000
Wastewater Permanent Capital Maintenance 500,000
TOTAL FY 2014-15 UTILITY PCMF PROJECTS: $1,000,000
FY 2014-15 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
LAKE ENTERPRISE FUND
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING WORKING CAPITAL: (2,773,954) (2,979,377) (3,120,963) (3,120,963) (3,135,168)
OPERATING REVENUE:
Cart and Club Rentals
802,690
792,887
820,000
780,000
825,000
Tournament Fees
3,850
5,400
6,000
6,000
7,000
Driving Range
167,446
161,287
175,000
175,000
185,000
Golf Pro Shop Sales
199,098
203,833
227,000
212,000
247,000
Golf Course Green Fees
1,566,778
1,525,024
1,575,000
1,474,518
1,575,000
Annual Green Fee Memberships
93,401
172,350
165,000
169,925
175,000
Restaurant % of Sales
43,046
40,498
47,800
40,000
47,800
Lesson Income
13,754
11,741
15,000
10,500
20,000
Interest Income
666
371
565
155
155
Golf Sub -Lease
171,315
184,953
200,000
185,000
200,000
Miscellaneous Income
17,825
21,867
23,000
21,545
23,000
Total Operating Revenue
3,079,867
3,120,210
3,254,365
3,074,643
3,304,955
TRANSFERS IN:
0
0
0
0
0
TOTAL REVENUE AND TRANSFERS 3,079,867 3,120,210 3,254,365 3,074,643 3,304,955
OPERATING EXPENDITURES:
Personnel
1,253,907
1,287,063
1,383,780
1,127,326
1,364,303
Supplies
367,030
347,341
379,683
379,683
384,028
Maintenance
93,310
106,165
96,869
98,169
111,089
Services
812,912
837,545
843,910
821,362
834,852
Debt Service
526,012
484,786
437,719
437,719
433,150
Capital Outlay
0
0
129,500
114,000
115,000
Total Operating Expenditures
3,053,170
3,062,900
3,271,461
2,978,259
3,242,422
TRANSFERS OUT:
Transfer to General Fund - Admin Fee
232,120
198,896
118,125
110,589
118,125
Total Transfers Out
232,120
198,896
118,125
110,589
118,125
TOTAL EXPENDITURES AND TRANSFERS 3,285,290 3,261,796 3,389,586 3,088,848 3 360 547
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: (205,423) (141,586) (135,221) (14,205) (55,592)
ENDING WORKING CAPITAL: (2,979,377) (3,120,963) (3,256,184) (3,135,168) (3,190,760)
FY 2013-14 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
FUND 174 - CAPITAL / STREET MAINTENANCE PROGRAM
2011-12 2012-13 2013-14 2013-14 2014-15
Actual Actual Budget Estimate Proposed
BEGINNING FUND BALANCE: 1,037,199 1,647,255 1,751,789 1,751,789 1,330,325
OPERATING REVENUE:
Interest Income
4,821
6,301
5,000
5,000
5,000
Participation
30,662
0
0
0
0
Miscellaneous
87,647
0
0
0
0
Total Operating Revenue
123,130
6,301
5,000
5,000
5,000
TRANSFERS IN:
2,571,500
2,809,000
2,809,000
2,809,000
3,279,000
TOTAL REVENUE AND TRANSFERS 2,694,630 2,815,301 2,814,000 2,814,000 3,284,000
OPERATING EXPENDITURES:
Facilities Maintenance
456,746
404,320
550,000
504,386
550,000
Parks Maintenance
634,062
836,206
701,000
630,702
1,096,000
Street Maintenance and Overlay
801,346
1,172,392
1,255,000
1,800,000
1,255,000
Traffic Signal, Striping and Signing Maint.
192,229
291,555
303,000
300,000
378,000
Total Operating Expenditures
2,084,574
2,710,767
2,809,000
3,235,464
3,279,000
TRANSFERS OUT:
0
0
0
0
0
TOTAL EXPENDITURES AND TRANSFERS 2,084,574 2,710,767 2,809,000 3,235,464 3,279,000
SURPLUS (DEFICIT) OF REVENUE
OVER (UNDER) EXPENDITURES: 610,056 104,534 5,000 (421,464) 5,000
ENDING FUND BALANCE: 1,647,255 1,751,789 1,756,789 1,330,325 1,335,325
PROJECT:
Backlit Street Name Signs
Main Street Holiday Decorations
Wall -Farrar Nature Park, Phase I
Gateway Project
CAC Multi -Purpose Field Improvements
FY 2014-15
30,000
150,000
106,715
295,000
250,000
PROJECT CATEGORY:
PROPOSED
Streets, Traffic and Drainage Projects
4,202,843
Buildings and Facilities Projects
38,888,602
Parks and Beautification Projects
2,029,964
Water and Wastewater Projects
7,547,847
TOTAL FY 2014-15 CIP PROJECTS:
$52,669,256
CATEGORY:
Information Technology Replacements
Fleet Vehicle and Equipment Replacements (non -Utility)
Fleet Vehicle Additions
FY 2014-15
PROPOSED
557,000
2,318,000
190,000
$3,065,000