Budget Calendar - Action Dates

Transcription

1 2018 BUDGET

2 Budget Calendar - Action Dates General Budget Presentation March 27 th Cap Bank Ordinance Introduction February 27 th Budget Introduction February 27 th Cap Bank Ordinance Adoption March 13 th Budget recommended for adoption at April 10 th (28 day rule) 2

3 2018 Budget Process OPERATING & CAPITAL BUDGET DEVELOPMENT DEPARTMENT BUDGETS BUDGET COMMITTEE REVIEW & DISCUSSION PUBLIC WORKSHOP September 2017 All Departments begin budget process October 31, 2017 Submitted to Administration & Finance Oct. 31 Feb. 23, 2018 Revisions & Adjustments submitted March 27 th, 2018 at 5pm 3

4 Budget Goals & Action Items GOAL 1 Demonstrate best financial management practices & fiscal responsibility Action Items: Create & present the 2018 municipal budget with a tax rate below the 2% tax levy cap Maintain the Township s AA+ bond rating Minimal use of one time revenues Ensure Best Practices are met to continue to attain 100% of state aid Monitor capital debt management to maintain long term financial health Construct a budget which is less dependent on the use of surplus thereby using a lesser percentage of fund balance from PY to offset tax increases 4

5 Budget Goals & Action Items GOAL 2 Maintain & upgrade critical Township assets & infrastructure Action Items: Complete infrastructure improvements related to road reconstruction and paving, sewer and drainage, and upgrades to Township owned property including parks and buildings 84 roads within Township to be paved and or re-constructed in 2018 capital budget Work with designated architect on plans to renovate main library Upgrade public safety equipment including radio communication technology, apparatus, and life saving equipment Maintain/Upgrade DPW equipment to ensure highest level of services continue to be delivered Streetscape Phase 1 complete and Phase 2 to be completed in

6 Budget Goals & Action Items GOAL 3 Maintain and promote Public Safety Action Items: No reduction in services to residents Continue to provide optimum training to our police and fire departments Continue out reach efforts by the public safety departments to our residents for improved communications Ensure that technology and equipment are current for best provision of services Increase number of residents enrolled in Code Red in order to disseminate important and emergency information Installation of mid block crossings on Stuyvesant Ave. and enhanced lighting in Union Center 6

7 Budget Goals & Action Items GOAL 4 Increase emphasis on smart planning & redevelopment Action Items: Continue to work with Township Planner to address areas in need of redevelopment Work with Developers to implement affordable housing opportunities in their projects Implement affordable housing plan to meet COAH/Fair Share Housing requirements Encourage shared parking opportunities through new development or local land use regulations Advocate for environmentally friendly development Re-development projects in Union Center to provide built-in foot traffic to revitalize our downtown 7

8 Budget Goals & Action Items GOAL 5 Expand communication effort & improve the Townships connection to @uniontv34 Action Items: Increase enrollment in Code Red communication platform Work with Public Information Office to expand outreach to community via all platforms including the Township s Mobile App Promote Township events and informational resources related to work being done by Township Committee, Township departments, other various committees, commissions and volunteers Encourage community meetings with volunteer groups and civic associations Utilize social media to disseminate information to community Promote use of the Township s Report A Concern app to address residents concerns 8

9 Budget Goals & Action Items GOAL 6 Utilize talent, knowledge and ingenuity of the Township s personnel Action Items: Promote inter-departmental relationships, information sharing and problem solving techniques through integrated work teams Ensure that training opportunities continue to be available to employees Continue the use of Citi-stat as a performance measurement tool Outreach to personnel to engage in Township community events to interact with the community we serve Quarterly New Resident Receptions with Department Heads present to answer questions and welcome newcomers 9

10 Budget Goals & Action Items GOAL 7 Enhance customer service and accessibility Action Items: Properly train all employees on positive interactions with residents and community Online payments of taxes, fees, and registrations Continue to expand essential services and programs to the community including health and wellness initiatives Report A Concern feature Foster public engagement 10

11 2018 Budget Overview Total Budget Increase $2,415, Total % Increase 2.5% Major Budget Impacts Increases/Decreases: Down payment on Capital Improvement Fund 509, Fire Salary & Wages Contractual 645, Police Salary & Wages Contractual 319, PERS & PFRS (Pension) 322, Payment of Bond Principal 520, * All other Operating Expense increases are minimal or lower than last year other than contractual obligations 11

12 Surplus Utilized Year PY Ending Surplus Used in CY Budget to Offset Tax Increases % Surplus Used 2012 $9,838, $5,500, % 2013 $8,516, $5,000, % 2014 $8,157, $5,000, % 2015 $7,359, $4,500, % 2016 $7,008, $5,000, % 2017 $6,346, $5,025, % 2018 $8,436, $5,665, % 12

13 2018 Budget Breakdown Police 5% 15% 9% 3% 18% 2% 6% 22% 6% 14% Fire DPW Insurance Solid Waste Library Utilities Pension Debt Svc Govt Svcs 13

14 What are Government Services? 15% of Budget Administration & Legal & Municipal Clerks Office Finance & Purchasing Municipal Court/Prosecutor/Public Defender Health Department/Animal Control Recreation & Senior Services & Public Information/Events Tax Collector & Tax Assessor Human Resources Engineering/Planning Board Building Department/Board of Adjustment And the list goes on.uniontv34, Tech Services, SS, etc. 14

15 General Fund Revenues 2018 Anticipated 2017 Anticipated Change Fund Balance $5,665, $5,025, % Local Revenues $4,803, $4,960, (3.17%) State Aid $6,137, $ 6,137, % Construction Code $915, $905, % Grants $214, $337, (36.39%) Special Items of Revenue $3,171, $2,599, % Receipts from Del. Taxes $2,700, $2,674, % Municipal Tax Levy $71,808, $70,401, % Library Tax Levy $2,119, $2,079, % Total General Revenues $97,535, $95,120, % 15

16 5 Year Local Revenue Trend 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000, , , , ,

17 General Fund Appropriations Category Amount Category Amount General Government $5,967, Statutory Expenditures $10,354, Municipal Court $898, Public Library $2,284, Insurance $16,715, Grants $227, Public Safety $35,448, CIP $1,109, DPW $4,092, Municipal Debt Service $4,901, Sanitation $5,178, Deferred Charges $600, Health & Welfare $932, Other $35, Recreation/Senior $994, Construction Code $958, TOTAL $97,535, Utilities $2,642, RUT $4,195,

18 General Fund Appropriations MUNICIPAL OPERATIONS: $ 78,022, Salaries & Wages Operating Expenses Utilities Insurance Statutory Expenditures (pension/social security) OTHER OPERATIONS: $ 19,512, Library Grants & Inter-local Agreements Capital Improvements Municipal Debt Service Deferred Charges 18

19 Total Budget Comparison Year Total Budget $ Value Increase % Increase 2012 $87,806, $1,870, % 2013 $88,414, $608, % 2014 $90,435, $2,038, % 2015 $91,825, $1,390, % 2016 $93,740, $1,915, % 2017 $95,120, $1,379, % 2018 $97,535, $2,415, % 19

20 2018 General Fund Summary Municipal Budget Appropriation $ 2,415, General Revenues $ 968, Municipal Tax Levy $ 1,406, Library Tax Levy $ 40,

21 Financial Total Overview General Fund Final % Variance Operating Budget $97,535, $95,120, % Capital Budget $26,900, $12,000, % Sewer Utility Final % Variance Operating Budget Capital budgets are financed over life of improvements $7,789, $7,387, % 21

22 Appropriations Cap Calculation 2017 Amount on which %CAP is applied $82,757, % CAP 2,068, Allowable Appropriations 84,826, /2017 CAP Bank 5,260, New Construction Revenue Increase 259, Total 2018 In CAP Appropriations Allowed $90,345, Draft Budget In CAP 84,217, Under CAP by $6,128,

23 APPROPRIATIONS CAP $6,128, UNDER Maximum Total Appropriations Amount of $90,345,

24 Tax Levy Cap Calculation Net 2017 Tax Levy Municipal purpose $69,801, % Cap Increase 1,396, Adjusted Tax Levy prior to exclusions 71,198, Add: Exclusions 2,018, Less Cancelled Exclusions ( 211,611.00) Adjusted Tax Levy 73,004, New RatableAdjustment to Levy 259, Prior Year Cap Bank 0.00 Maximum Allowable Amount to be Raised by Taxation $73,263, Amount to be raised by taxation For Municipal Purposes 71,808, Amount of Taxes Under Allowed Cap $1,455,

25 2% PROPERTY TAX LEVY CAP $ 1,455, UNDER Maximum Tax Levy Amount of $73,263,

26 Municipal Tax Rate Comparison Year Approximate Tax Rate Increase per house 2012 $ $ $ $ $ $ $

27 PROPERTY TAX RATE Estimated % Change Municipal $6.945 $ % Public Library $0.205 $ % School District and County & Open Space budgets have not been finalized for 2018 and therefore their tax rates are not included in the table above. 27

28 2018 Estimated Property Tax Rate Municipal Library School County 36.05% 1.06% 45.68% 17.22% 28

29 Property Tax Bill Comparison Estimated Change Municipal Taxes $ 3, $ 3, $ Public Library Taxes $ $ $ 1.36 Example Based on Average Residential Assessed Valuation - $ 45,600 School District and County & Open Space budgets have not been finalized for 2018 and therefore their tax rates are not included in the table above. 29

30 2018 CAPITAL BUDGET A Capital Budget is only a plan and is not approved until ordinances for particular projects are adopted, only the down payment is adopted as a part of the Operating Budget. The down payment in this budget is $1,109, We are required to have 5% of the unfunded portion of a project as a down payment. 30

31 2018 CAPITAL BUDGET As of 2/27/18 we have outstanding net debt of $48,598, which includes all projects adopted to date this year This amounts to 0.784% of our net debt capacity as of the most recent supplemental debt statement calculated on the equalized valuation average of the last three years By state budget law we are allowed to go to 3.5% debt capacity which would be $216,928, we are below 25% of permissible net debt capacity 31

32 2018 CAPITAL BUDGET Projects Approved To Date in 2018 Cost Grants Down Payment 2018 Road Program $ 5,800, $ 210, $ 279, Stuyvesant Ave Streetscape Phase II $ 2,200, $ $ 105, ETG Funded Road Program $ 3,186, $ 3,186, $ 0.00 Conlon Turf Field Design and Improvements $ 1,700, $ $ 85, Tower Ladder Truck $ 1,080, $ $ 52, Total $ 13,966, $ 521, Additional Capital Ordinances may/will be introduced in the coming months 32

33 SEWER UTILITY BUDGET Dedicated Revenues Amount Appropriations Amounts Surplus $ 450, Operating Expenses $ 379, Sewer Charges $ 6,470, Salaries $ 875, Joint Meeting Refund $ 460, Joint Meeting $ 4,152, Miscellaneous $ 96, Insurance $ 225, Additional Sewer Charges $ 313, Capital Outlay $ 675, Debt Service $ 97, Statutory Expenses $ 85, To General Operating $ 1,300, Total $ 7,789, $ 7,789,

34 SEWER UTILITY BUDGET The Sewer Utility budget up by approximately 5%. In large part, this is due to Joint Meeting payment increase of $269, and a Capital Outlay increase of $119, The Capital Outlay increase is directly related to sewer infrastructure improvements required for the 2018 Road Program which includes approximately 84 roads. The charge for 2018 is $3.00 per hundred cubic feet or a minimum charge of $50 per household. 34

35 THANK YOU QUESTIONS? 35