CITY OF GROSSE POINTE FARMS

Transcription

1 CITY OF GROSSE POINTE FARMS BUDGET FOR THE FISCAL YEAR JULY 1, JUNE 3, 213

2 CITY COUNCIL Mayor...James C. Farquhar Mayor Pro Tem...Joseph T. Leonard Council Member...Therese Joseph Council Member...Louis Theros Council Member...Peter W. Waldmeir Council Member...Martin West Council Member...Lev Wood CITY ADMINISTRATION City Manager...Shane L. Reeside Assistant City Manager/City Clerk...Matthew J. Tepper City Controller/Treasurer.....John M. Lamerato BUDGET AND AUDIT COMMITTEE Chair..Louis Theros Member...James C. Farquhar Member...Joseph T. Leonard

3 TABLE OF CONTENTS Page Number INTRODUCTORY: Organizational Chart... 1 Letter of Transmittal Resolution... 8 Proposed Tax Rate... 9 Millage Rates... 1 Revenue and Expenditure Summary Schedule of Estimated Revenues Schedule of Estimated Expenditures FUND SUMMARIES: General Fund General Fund Expenditure by Object General Fund Revenues and Expenditures General Fund - Application of Fund Balance Major and Local Street Fund Recycling Program Fund... 3 Insurance Retention Fund... 3 Community Development Block Grant Fund Debt Service Fund Debt Service Fund - Outstanding Bonds & Requirements Water & Sewer Fund Outstanding Bonds & Requirements Capital Projects Fund Governmental Funds Summary... 36

4 City of Grosse Pointe Farms July 1, 212 Organizational Chart Electorate Mayor/ Council Municipal Judge Attorney City Manager Municipal Court Assistant City Manager/Clerk City Controller/Treasurer Public Service Director Director of Parks & Recreation Public Safety Director Filtration & Sewage Pumping Superintendent Superintendent of Public Works Public Safety Deputy Director Communications Director 1

5 City of Grosse Pointe Farms 9 Kerby Road, Grosse Pointe Farms, Michigan phone fax Mayor James C. Farquhar, Jr. Mayor Pro-Tem Joseph T. Leonard Council Members Therese M. Joseph Louis Theros Peter W. Waldmeir Martin F. West Lev Wood City Manager Shane L. Reeside Asst. City Mgr./City Clerk Matthew J. Tepper Attorney William T. Burgess Controller/Treasurer John M. Lamerato Director of Public Service Terrance R. Brennan Director of Public Safety Daniel V. Jensen April 16, 212 The Honorable Mayor and Members of the City Council City of Grosse Pointe Farms Grosse Pointe Farms, Michigan Pursuant to the provisions of Section 8.2, Chapter 8, of the City Charter, submitted herein is a proposed budget for the fiscal year beginning July 1, 212. This budget has been prepared after review by the City Manager, Assistant City Manager and City Controller, with estimates submitted by the City department heads. Subsequent review was conducted by the Budget and Audit Committee, which is a sub-committee of City Council. Such review will be continued, but it is believed that this preliminary budget affords a basis for discussion of operations to be undertaken during the fiscal year. It is subject to revision at the discretion of Council and as a result of the public hearing thereon. This budget has been prepared in accordance with the requirements of the Michigan Uniform Budget Act. 2

6 GENERAL FUND The General Fund budget of $12,465,295 compares to the approved budget of $12,455,696, resulting in an increase of $9,599 or.1%. The General Fund Budget presented herein may be summarized and compared with the budget as follows: Proposed Adopted Increase Or Budget Budget (Decrease) Means of Financing: Property Taxes $ 9,267,7 $ 9,466,696 $ (198,996) Licenses and Permits 339,3 264, 75,3 Federal and State Grants 9,8 9,8 - State Shared Revenue 675,5 654,5 21, Charges for Services 1,34,995 1,276,2 64,795 Fines / Forfeitures 356, 37,5 48,5 Interest Income 1, 15, (5,) Other Revenue 176, 121, 55, Fund Balance Appropriation 2, 26, (6,) Total Revenues $ 12,465,295 $ 12,455,696 $ 9,599 Estimated Requirements: Municipal Court $ 252, $ 239,1 $ 12,9 General Government 964,12 977, (12,88) Public Safety - Police 4,184,293 4,193,44 (9,111) Public Safety - Fire 43,72 414,9 15,82 Public Service 38,8 374,4 6,4 Public Works 578,8 613,6 (34,8) Drains 15,21 31,5 (16,29) Rubbish Collection 84,13 75,3 53,83 Leaf Collection 132, 138, (6,) Parks & Recreation 1,263,53 1,257,642 5,888 Other Functions 2,481,617 2,496,685 (15,68) Contingency 75, 75, - Transfers to Other Funds 93,75 894,165 8,91 Total Expenditures $ 12,465,295 $ 12,455,696 $ 9,599 The estimated Taxable Valuation of all taxable property with the City, compiled by the Assessor and reviewed by the Board of Review, is as follows: Assessment Roll: Real Property $ 679,18, $ 7,972,665 Personal Property 8,587, 9,62,2 $ 687,65, $ 71,34,865 3

7 It is impossible to determine at this time what amount the State Tax Commission will fix as the taxable valuation for Wayne County, nor what part of that amount will be apportioned to the City of Grosse Pointe Farms by the Wayne County Board of Commissioners. Consequently, we cannot ascertain for this preliminary budget what the actual tax base (taxable valuation) will be for , although historically, the variance from the final figure is minimally different. Property tax revenue has dropped, but not as significantly as in the past. Citywide, there was a 2.6% decrease in assessed value. The decrease was partially offset by a 2.7% CPI adjustment to the taxable value of parcels that have a difference between the taxable value and assessed value. Thus, the City s overall tax levy has dropped about 2.%. To address this budget revenue shortfall and maintain the same tax rate, the City is reallocating.384 mills from the rubbish collection levy to general operations reflecting the cost of these functions. To offset the loss in overall revenue, a re-appropriation of fund balance in the amount of $2, is proposed. State collected, locally shared taxes are based upon projected distribution rates issued by the Michigan Department of Treasury. The economic downturn over the past few years has significantly impacted state-shared Constitutional and Statutory Sales Tax revenue. After many years of budgetary maneuvering with the State s budget, local municipalities have experienced a severe cut in state-shared revenue. The most recent projections indicate a modest increase of $2,, or 3.1%, from the previous fiscal year s budget. Overnight interest rates have declined to a level not seen in decades, bottoming out at a level between zero and.25%. Thus, interest revenue will be severely depressed during the fiscal year. 4

8 Proposed expenditures of the General Fund, detailed herein, may be further summarized as follows: Personnel services $ 8,87,38 Supplies and materials 319,45 Other services and charges 2,318,89 Contingency 75, Transfer to other funds 93,75 Departmental capital outlay 41,5 Total General Fund Budget $ 12,465,295 All union contracts expire on June 3, 212. The City has taken the recent tentative agreements into consideration in preparation of the budget. SPECIAL REVENUE FUNDS It is anticipated that the Street Funds will receive $57, in Act 51 gas and weight taxes, which is approximately the same amount from the previous year. The Recycling Program Fund has been established to account for the revenue and expenditures associated with our curbside recycling program. Revenue for the recycling program is generated by a quarterly charge on the utility bill of $6.5. This charge has remained the same since The Community Development Block Grant Fund displays the allocation of grant funds approved by the Council on March 12, 212 and is included herein for information purposes to meet the requirements of the Uniform Budget Act. 5

9 DEBT SERVICE FUND With respect to the Debt Service Fund, the outstanding general obligation bonds outstanding now total $5,868,75. During , interest payments of $234,1 and principal payments of $243,75 are due, along with a paying agent fee of $225 is required. PROPRIETARY FUNDS For the Water and Sewer fund, it is necessary to establish a rate structure that is sufficient to provide funds for operations; departmental capital outlay, bond payments as well as the funding required to meet emergency repairs and mandated improvements to the system. The staff is currently preparing a recommendation to implement an adjustment to the water and sewer rates, and it will be submitted to the Council in the near future. The Water and Sewer Fund has $7,66,25 in outstanding bonds for the sewer separation project. Interest payments totaling $224,526 and principal payments of $636,25 are due in FY 213, along with paying agent fees of $1,. The Insurance Retention Fund has been established to accumulate funds to be used for current and future worker s compensation claims. Our self-insured program continues to provide savings. Funds saved for future claims are being invested in long-term CD s, providing additional interest income to finance the Fund. After using accumulated fund balance, for the past several years a transfer from the General Fund in the amount of $25, is being made this year. 6

10 RECOMMENDATION It is recommended that the City Council adopt a resolution with respect to the tax rates, which would enable the Treasurer s Department to proceed with the preparation of the tax bills at the earliest possible date. Further, copies of this proposed budget are placed on display with the City Clerk for public examination. Respectfully submitted, SHANE L. REESIDE City Manager JOHN M. LAMERATO City Controller/Treasurer 7

11 COUNCIL MEMBER MOVED, AND SUPPORTED BY COUNCIL MEMBER THAT THE TENTATIVE BUDGET BE RECEIVED FOR FURTHER REVIEW BY THE CITY COUNCIL, THAT A PUBLIC HEARING THEREON BE HELD ON MAY 14, 212 AT 7: P.M. IN THE CITY COUNCIL CHAMBERS IN THE CITY HALL, THAT THE CITY CLERK BE INSTRUCTED TO PLACE ON DISPLAY COPIES OF THIS PROPOSED BUDGET AND TO PUBLISH NOTICE OF SAID HEARING AT LEAST SEVEN DAYS IN ADVANCE OF MAY 14,

12 TAX RATES Based upon information currently available, the proposed City tax rates per $1, of Taxable Value for can be compared to the current Fiscal Year as follows: Proposed Current Difference Operating $ 11.5 $ $.384 Rubbish $(.384) Debt Non-voted $. Total City Millage $ 14. $ 14. $. 9

13 City of Grosse Pointe Farms Proposed Tax Rate Present Proposed Rate Rate $14. $14. Market Taxable City Tax City Tax Value SEV Present Rate Proposed Rate 15, 75, $ 1,5. $ 1,5. 18, 9, $ 1,26. $ 1,26. 22, 11, $ 1,54. $ 1,54. 26, 13, $ 1,82. $ 1,82. 3, 15, $ 2,1. $ 2,1. 35, 175, $ 2,45. $ 2,45. 36, AVE. TV 18, $ 2, , AVE. TV 175,5 $ 2,457. $ (63.) 4, 2, $ 2,8. $ 2,8. Under Proposal A, the Taxable Value may be less, but never more, than the SEV. 1

14 MILLAGE RATES FOR GROSSE POINTE FARMS RESIDENTS Taxing Entity 25/6 26/7 27/8 28/9 29/1 21/11 211/12 212/13 Tax Rate Shown in Mills Grosse Pointe School District Wayne County Government Wayne County Comm. College Intermediate School District Grosse Pointe Library State Education Zoo City of Grosse Pointe Farms Total - Millage Rates Millage rates are estimated for other taxing jurisdictions. Average Residential Taxable Value 254, , , ,463 27, ,84 18, 175,5 Taxing Entity 25/6 26/7 27/8 28/9 29/1 21/11 211/12 212/13 Average Tax Rates Shown in Dollars Grosse Pointe School District $ 2,173 $ 2,12 $ 1,991 $ 1,949 $ 1,856 $ 1,672 $1,724 $1,681 Wayne County Government 2,196 2,196 2,129 2,67 1,79 1,612 1,553 1,515 Wayne County Comm. College Intermediate School District Grosse Pointe Library State Education 1,525 1,525 1,48 1,437 1,244 1,121 1,8 1,53 Zoo City of Grosse Pointe Farms 3,367 3,337 3,28 3,113 2,696 2,522 2,52 2,457 Total - Dollars $ 11,152 $ 11,6 $ 1,654 $ 1,381 $ 9,158 $ 8,344 $ 8,199 $ 8,117 Average tax rates are based on residential homestead property. $4, $3,5 $3, $2,5 $2, $1,5 $1, $5 $ AVERAGE RESIDENTIAL CITY TAX BILL

15 SUMMARY OF MILLAGE RATES Proposed 24/5 25/6 26/7 27/8 28/9 29/1 21/11 211/12 212/13 General Operating Rubbish Debt Total Comparison of Municipal Millage Rates

16 City of Grosse Pointe Farms Budget Revenue Summary $12,465,295 Property Taxes $9,267, % Fund Balance Appropriation $2, 1.6% Other Revenue $176, 1.41% Interest Income $1,.8% Fines / Forfeitures $356, 2.86% Charges for Services $1,34, % State Shared Revenue $675,5 5.42% Licenses and Permits $339,3 2.72% Federal and State Grants $9,8.8% Expenditure Summary $12,465,295 Contingency $75,.6% Other Functions $2,481, % Transfers to Other Funds $93, % Municipal Court $252, 2.2% General Government $964, % Parks & Recreation $1,263, % Public Safety - Police $4,184, % Leaf Collection $132, 1.6% Rubbish Collection $84, % Drains $15,21.12% Public Works $578,8 4.64% Public Safety - Fire $43, % Public Service $38,8 3.6% 13

17 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 1 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Revenues Function: Dept: 41. TAXES 14 (6) (7) (8) Requested Recommended 42. Property tax-operating millage 7,823,121 7,838,519 7,838,519 7,934,122 7,92, 7,93, 7,97, 43. Property tax - Rubbish millage 1,261,659 1,29,177 1,29,177 1,222,9 1,22, 935, 958, 44. P.I.L.O.T. 13,24 12, 12, 13,9 13,9 12,7 12, Interest & Penalties 45,88 5, 5, 2,437 4, 4, 4, 446. Administration Fee 337, , 357, 324,45 345, 35, 35, TAXES 9,481,378 9,466,696 9,466,696 9,514,918 9,538,9 9,267,7 9,267,7 Dept: 45. LICENSES & PERMITS 452. Electrical Licenses 3,654 2,4 2,4 2,434 3, 3, 3, 455. Business Licenses 1,1 2, 2, 25 1, 1, 1, 476. ZBA Fees 1,525 2, 2, 1,5 1,5 1, Mechanical Permits 16,643 11, 11, 13,646 17, 15, 18, 478. Building Permits 33,849 5, 5, 62,568 7, 7, 81, Concrete Permit Electrical Permits 9,284 12, 12, 9,79 11, 11, 14, 48. Plan Review Fee 2, 2, 1, 1, 1, 481. Plumbing Permits 4,776 6, 6, 6,25 7, 7, 1, 482. Dog Licenses 4,568 4, 4, 1,313 4,5 4,5 8, Bicycle Licenses Fence Permits 99 1, 1, 3 7 1, 1, 485. Cable TV Franchise Fee 197, , 171, 157,694 2, 2, 2, LICENSES & PERMITS 274,77 264, 264, 254,16 317,1 315,3 339,3 Dept: 51. FEDERAL GRANTS 531. Federal Grant - D O J 9,52 9,8 9,8 9,8 9,8 9, Fed. Grant - Homeland Security 28,622 29, 536. Transportation Pass Through FEDERAL GRANTS 9,52 9,8 9,8 28,622 38,8 9,8 9,8 Dept: 539. STATE GRANTS 535. MI Natural Resource Grant 569. State Grants - Other 3,95 3,123 3,13 STATE GRANTS 3,95 3,123 3,13 Dept: 574. STATE SHARED REVENUES 576. Sales & Use Tax 798,961 65, 65, 369,223 67, 67, 67, 577. Liquor Licenses 5,581 4,5 4,5 5,552 5,55 5,5 5,5 STATE SHARED REVENUES 84, ,5 654,5 374, ,55 675,5 675,5 Dept: 6. CHARGES FOR SERVICES 62. Police & Fire Alarm Fees 2,72 3, 3, 1,38 2, 3, 3, 63. Misc. Parks & Rec. 7,496 5, 5, 16,81 18, 5, 5, Adopted

18 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 2 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Revenues Function: Dept: 6. CHARGES FOR SERVICES 15 (6) (7) (8) Requested Recommended 67. NSF - FEE Birth & Death Records 9,12 11, 11, 5,12 8, 8, 8, 616. Recreation Programs 86,999 76, 76, 25,686 8, 8, 83, Fishing Rodeo 982 1, 1, 1, 625. Special rubbish pickup 1, ,2 1, 1, 627. Sewage Lease - Wayne County 27,142 28, 28, 28,947 28,95 292,2 292, Service Charge - GPW 27,597 3, 3, 29,72 29,72 28, 28, 63. Boat Mooring Fees 427,86 41,75 41,75 127, , 43, 442, Radio System - Service Charge 6, 6, 6, 6, 6, 6,15 6, Pier Park Concession 2,75 2,75 2,75 3,836 3,9 3,5 3, Mun. Court Admin. - GPS 5,533 16,5 22, 22, 65. DISPATCH-GPS 125, 125, 25,815 94, 92,5 92, Tower - AT & T 32,87 25,8 25,8 17,961 3, 3, 3, Tower - Verizon 33,95 34, 34, 35,39 35,31 34, 34, Nextel Kerby Field 42,168 21,4 21,4 14,654 21,4 21,4 21, Parking Meters & Parking 138, , 135, 9, , 136, 136, 653. M.O. Parking Lot 81,35 2, 2, 18,779 3, 3, 3, 654. Property Maint. Inspections 29,1 28, 28, 16,95 28,5 28, 28, 656. Pier Building Rental 6,715 6, 6, 27,885 45, 6, 66, Picnic Shelter Rentals 1,955 2, 2, 2,78 3, 3, 5, Rental Income CHARGES FOR SERVICES 1,261,925 1,276,2 1,276,2 753,846 1,298,98 1,315,25 1,34,995 Dept: 655. FINES & FORFEITS 544. DUI Caseflow Assistance 1, 1, 658. Court-Delnqt Collections Court Cost 93,617 8, 8, 67,999 95, 1, 1, 66. Court & Traffic Fines 168,494 16, 16, 15,925 16, 16, 186, 661. Meter Violations 4,945 37, 37, 22,141 36, 37, 37, 662. Truck fines & Costs 4,81 2, 2, 1,367 4, 4, 4, Boating fines - G. P. F. 2,662 2, 2, 1, 1, 1, Boating fines W. C. Sherrif 663. Probation Oversight 24,485 25, 25, 17,591 25, 28, 28, 664. Warrent Processing Fee FINES & FORFEITS 335,119 37,5 37,5 215,23 321, 33, 356, Dept: 664. INTEREST 665. Interest Income 81,465 15, 15, 96,454 9, 1, 1, Adopted

19 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 3 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Revenues Function: (6) (7) (8) Requested Recommended INTEREST 81,465 15, 15, 96,454 9, 1, 1, Dept: 671. OTHER REVENUE Proceeds from sale of assets 5, , 688. Script Rebates 28,551 3, 3, 9,128 18, 2, 2, 69. Misc.-Public Service 4,531 5, 5, 16,956 2, 1, 1, 69.5 Public Works - Signs 3,276 2, 2, 3,57 4, 3, 3, 691. Misc. Public Works 933 1, 1, 2,383 3, 2, 2, Misc. Public Works - Scrap 1,52 1, Misc. Public Safety 4,548 4, 4, 5,36 6, 5, 5, OUIL ordinance fees 4,539 4, 4, 5,385 6, 6, 6, 693. Gain on Sale of Investments 694. Misc. Other 49,76 35, 35, 58,753 6, 4, 5, E-911 Proceeds 7,568 4, 4, 46,738 8, 8, 8, Lease Payment - Kroger 68, Compensible Wages Refunded Over and Short OTHER REVENUE 24, , 121, 149, ,7 166, 176, Dept: 695. OTHER FINANCING SOURCES 697. Appropriation of Fund Balance 26, 26, 32, 2, OTHER FINANCING SOURCES 26, 26, 32, 2, Function: 12,491,919 12,455,696 12,455,696 11,39,651 12,482,179 12,499,55 12,465,295 Adopted Total Revenues 12,491,919 12,455,696 12,455,696 11,39,651 12,482,179 12,499,55 12,465,295 Expenditures Function: Dept: 136. MUNICIPAL COURT 72. Salaries & Wages 142, ,2 147,2 11,36 151, 158, 158, 72.1 Overtime 274 1, 1, Visiting Judge 1, 1, 1, 1, 715. FICA Expense 1,826 11,5 11,5 7,667 11,6 12,2 12, Insurance/Hospital 1,879 12,5 12,5 6,48 11, 11,5 11, Supplies 3,853 5,5 5,5 2,1 3,5 4,5 4, Equipment Repair & Service 2,676 3, 3, 2,61 3, 3, 3, 831. Contractual Service 21,112 36, 36, 21,16 3, 35, 35, 835. Jurors / Witness Fees Attorneys Fees 11,928 12, 12, 12,135 15, 15, 15, 853. Telephone

20 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 4 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Expenditures Function: Dept: 136. MUNICIPAL COURT 17 (6) (7) (8) Requested Recommended 958. Dues & Subscriptions 2,189 3,5 3,5 1,894 2,4 3,5 3, 96. Conference 1,699 1,5 1, ,7 1,7 1, Training & Schooling New Equipment 2,8 2,8 1,96 2,5 5, 5, MUNICIPAL COURT 29, ,1 239,1 157,2 233,36 252,5 252, Dept: 17. GENERAL GOVERNMENT 72. Salaries & Wages 546,459 54, 54, 352,16 525, 514,5 514, Overtime 841 4, 4, 1,61 2, 3, 3, Election Workers 6,18 6,5 6,5 6,45 6,1 9, 9, Staff Wages - Elections 16,813 1, 1, 14,633 17, 2, 2, Wages - Board of Review 2,25 2, 2, 2, 2, 2, 715. FICA Expense 42,467 42, 42, 27,47 41,2 41,12 41, Insurance/Hospital 11,628 91, 91, 53,311 86, 9, 9, 719. M.E.S.A. Reimbursement 2,823 8, 8, 4, 4, 4, 729. Stationery/Printing 692 2, 2, 1,51 1,5 2, 2, 73. Postage 16,829 2, 2, 11,45 19, 2, 2, 731. Publication of Notices 4,479 7, 7, 3,76 5, 6, 6, Publication - Election Notices 1,969 3, 3, 916 3, 3, 3, 732. Ordinance Expense 1,698 1, 1, 1, 1, 1, 757. Supplies 9,584 1, 1, 8,786 1, 1, 1, Supplies - Election 6,911 9, 9, 7,867 8, 1, 1, 778. Equipment Repair & Service 11,889 12, 12, 6,174 12, 12, 12, 88. Auditing Services 29,77 34, 34, 34, 34, 26, 26, 819. Beautification 5,194 3, 3, 4,246 5, 5, 5, 821. Historical 5,5 2, 2, 5, 5, 5, 825. Legal Fees 58,758 5, 5, 51,911 6, 6, 6, 827. Assessment & Tax Services 31,64 37, 37, 22,456 35, 37, 37, 853. Telephone 12,98 11, 11, 6,317 12, 12, 12, 861. Gas & Oil 1,841 2, 2, 1,542 2, 2, 2, 88. Sundry Supplies 8,699 15, 15, 9,529 1, 12, 12, 939. Automotive 3,833 4, 4, 1,49 3, 4, 4, News Publications 15,636 15, 15, 1,214 16, 16, 16, 958. Dues & Subscriptions 11,456 11,5 11,5 2,735 11,5 11,5 11,5 96. Conference 1,788 4, 4, 4,19 4,1 4, 4, 961. Training & Schooling 1,674 12, 12, 7,616 11, 12, 12, 962. Personnel Expense 7,195 6, 6, 4,25 7, 7, 7, Adopted

21 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 5 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Expenditures Function: Dept: 17. GENERAL GOVERNMENT 18 (6) (7) (8) Requested Recommended 98. Office Equipment & Furniture 85 3, 3, 1,496 2,5 3, 3, GENERAL GOVERNMENT 978,75 977, 977, 655,974 96,9 964,12 964,12 Dept: 3. PUBLIC SAFETY - POLICE 72. Salaries & Wages 2,893,317 2,981,42 2,981,42 2,2,734 2,95, 2,914,598 2,914, Overtime 248,471 23, 23, 181,186 25, 25, 235, Marine Patrol 2, 2, 715. FICA Expense 63,914 7, 7, 45,317 63, 65, 65, 716. Insurance/Hospital 54,679 49, 49, 343,663 54, 558, 558, 725. Uniforms 28,47 25, 25, 17,34 24, 25, 25, 73. Postage Supplies 22,596 22,3 22,3 13,364 2, 22,3 22, Prisoners Expense 8,767 3, 3, 2,78 4, 4, 4, 778. Equipment Repair & Service 38,851 25, 25, 27,411 35, 35, 35, 781. Parking Meters 289 3, 3, 4,552 5, 1,5 1, Signs 3,94 8, 8, 4,117 5, 6, 6, 83. Cont. Sserv - Lein & Pagers 688 1, 1, , 1, 831. Contractual Service 4,324 34, 34, 4,289 5, 5, 5, Ambulance Service Contract 98,771 11,32 11,32 5, 15, 11,3 15, 832. Youth Assistance Program 85. Radio System 28,168 32, 32, 18,552 34,5 33,6 33, Telephone 11,214 12, 12, 9,862 12,5 13, 13, 861. Gas & Oil 5,634 65, 65, 43,34 64, 66, 66, 88. Sundry Supplies 255 1, 1, Signal System 2,519 12, 12, 5, 2, 2, 2, 939. Automotive 23,559 32, 32, 2,392 26, 3, 3, 958. Dues & Subscriptions 4,768 3, 3, 1,626 3,5 1,5 1,5 96. Conference 1, 1, 1, 1, 961. Training & Schooling 14,41 12, 12, 5,666 17, 12, 12, 962. Personnel Expense 5,359 6, 6, 4,224 5, 6, 6, 963. Support Unit 1,961 2, 2, 1,797 3, 2, 2, 977. New Equipment 3,391 1, 1, 7,592 1, 2, 2, PUBLIC SAFETY - POLICE 4,144,748 4,193,44 4,193,44 2,815,5 4,158,31 4,24,48 4,184,293 Dept: 335. PUBLIC SAFETY - FIRE 72. Salaries & Wages 263,36 261, 261, 181, , 27, 27, 72.1 Overtime 33,899 3, 3, 16,437 33, 3, 3, 715. FICA Expense 4,247 4, 4, 2,849 4,2 4,3 4,3 Adopted

22 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 6 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Expenditures Function: Dept: 335. PUBLIC SAFETY - FIRE (6) (7) (8) Requested Recommended 716. Insurance/Hospital 37,364 34, 34, 25,727 41, 42, 42, 725. Uniforms 6,142 6, 6, 722 5, 4, 4, 757. Supplies 6,894 15, 15, 8,659 1, 19, 15, 768. Laundry 7,524 8, 8, 4,82 8, 8, 8, 85. Radio System 15,845 18, 18, 1,435 23, 22,42 22, Telephone 3,5 4, 4, 3,26 4, 4, 4, 861. Gas & Oil 729 3,5 3, ,5 2, 2, 88. Sundry Supplies 42 1, 1, Equipment Repair - Non Auto 2,557 5, 5, 4,826 6, 5, 5, 939. Automotive 5,294 6,4 6,4 4,256 4,5 5,5 5, Hydrant Rental 1, 1, 1, 1, 1, 1, 1, 958. Dues & Subscriptions 2,469 2, 2, 1,879 2,2 1,5 1,5 96. Conference 1, 1, 1, 1, 961. Training & Schooling 4, 4, 4, 1,961 4, 4, 4, 962. Personnel Expense New Equipment 2,254 1,5 1,5 1,5 1,5 1,5 PUBLIC SAFETY - FIRE 46,1 414,9 414,9 279,72 421,3 434,72 43,72 Dept: 37. PUBLIC SERVICE 72. Salaries & Wages 166,98 17,1 17,1 126, ,5 18, 18, 72.1 Overtime FICA Expense 12,651 13, 13, 9,71 13,77 13,8 13, Insurance/Hospital 32,228 32, 32, 19,744 31, 32,25 32, Supplies 4,13 4, 4, 3,35 3,7 3,5 3,5 82. Consultant 11,67 5, 5, 7,577 8, 5, 5, 822. Plumbing Inspection 9,885 1, 1, 5,76 1, 1, 1, 828. Tree Maintenance 146,71 125, 125, 91,54 12, 12, 12, 84. Extermination Services 5,165 5, 5, 2,325 4, 4,5 4, Telephone 1,465 2, 2, 712 1,2 1,5 1, Gas & Oil 1,888 1, 1, 1,282 1,8 2, 2, 939. Automotive 1,81 2, 2, 1,269 1,8 2, 2, 958. Dues & Subscriptions 1,332 1, 1, , 1, 96. Conference 1, 1, 1, 1, 961. Training & Schooling 548 1, 1, , 1, 977. New Equipment 1,431 2,3 2,3 1,5 3, 3, PUBLIC SERVICE 395,76 374,4 374,4 271, ,97 38,8 38,8 Adopted Dept: 44. PUBLIC WORKS 19

23 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 7 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Expenditures Function: Dept: 44. PUBLIC WORKS 2 (6) (7) (8) Requested Recommended 72. Salaries & Wages 172,377 16, 16, 12, , 16, 16, 72.1 Overtime 1,921 5, 5, 1,72 2, 3, 3, 715. FICA Expense 13,282 14, 14, 9,38 12,1 12,5 12, Insurance/Hospital 288,741 27, 27, 174,76 26, 27, 27, 725. Uniforms 4,818 1, 1, 7,32 7,2 8, 8, 757. Supplies 13,716 13, 13, 1,816 14,5 15, 15, 786. Signs 1,932 4, 4, 913 2, 3, 3, 853. Telephone 4,993 8, 8, 5,129 7, 7, 7, 861. Gas & Oil 88 3,7 3,7 2,185 3, 3,7 3, Natural Gas 2,94 2, 2, 13,326 2, 2, 2, 931. Buildings & Structures 7,362 25, 25, 3,59 31, 35, 35, 933. Equipment Repair - Non Auto 2,38 7, 7, 1,195 2, 5, 5, 939. Automotive 3,75 5, 5, 1,217 2,5 4, 4, 943. Equipment Rental 1, 1, 1, 1, 958. Dues & Subscriptions Conference 2, 2, 1, 1, 961. Training & Schooling 1,187 2, 2, 1,168 1,5 2, 2, 962. Personnel Expense 22,513 55, 55, 11,247 25, 28, 28, 977. New Equipment 8,3 8,3 1, 1, PUBLIC WORKS 56,75 613,6 613,6 392, ,3 578,8 578,8 Dept: 445. DRAINS 72. Salaries & Wages 5,89 2, 2, 3,911 6, 6,2 6, Overtime 1, 1, FICA Expense 445 2, 2, Supplies 1, 1, 5 1, 1, 861. Gas & Oil 3,475 4, 4, 792 1,5 3,5 3, Equipment Repair - Non Auto Automotive 7,976 3, 3, 537 3, 3, 3, DRAINS 18,31 31,5 31,5 5,538 11,96 15,21 15,21 Dept: 528. RUBBISH COLLECTION 72. Salaries & Wages 477,49 44,3 44,3 36,716 47, 482, 482, 72.1 Overtime 16,359 19, 19, 17,558 22, 23, 23, 715. FICA Expense 37,41 39, 39, 24,645 37,64 38,63 38, Supplies 1,34 2, 2, 141 1, 1,5 1, Gas & Oil 68,411 7, 7, 5,774 75, 78, 78, 933. Equipment Repair - Non Auto 8,26 1, 1, 4,959 8, 8, 8, Adopted

24 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 8 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Expenditures Function: Dept: 528. RUBBISH COLLECTION 21 (6) (7) (8) Requested Recommended 939. Automotive 25,567 3, 3, 18,611 28, 28, 28, 945. Refuse Disposal & Composting 153,214 14, 14, 82,933 14, 145, 145, RUBBISH COLLECTION 787,52 75,3 75,3 56, ,64 84,13 84,13 Dept: 53. DPW - Leaf Collection 72. Salaries & Wages 49,764 4, 4, 49,68 49,1 5,5 5, Overtime 5,147 8, 8, 8,21 8,21 8,5 8, FICA Expense 4,192 4, 4, 3,687 3,7 4,5 4, Supplies 1,111 1, 1, 2,1 2,1 2, 2, 933. Equipment Repair - Non Auto 7,818 2, 2, 4,948 8, 12, 12, 943. Equipment Rental 14,73 15, 15, 14,4 14,4 15, 15, 945. Refuse Disposal & Composting 23,28 25, 25, 26,498 26,5 25,5 25, Personnel Expense 15,84 25, 25, 11,367 12, 14, 14, DPW - Leaf Collection 121, , 138, 12, ,92 132, 132, Dept: PARKS & REC. - PIER PARK 72. Salaries & Wages 74, , , ,96 72, 736, 736, 72.1 Overtime 15,964 15,5 15,5 12,561 16, 16, 16, 715. FICA Expense 55,39 6,8 6,8 39,75 55,54 57,53 57, Insurance/Hospital 68,33 59,6 59,6 4,24 6, 62,5 62, Uniforms 4,54 4, 4, 395 4, 4, 4, 757. Supplies 4,622 4, 4, 31,373 44, 45, 45, 758. Pool Supplies 2,993 18,612 18,612 9,275 22, 23, 23, 786. Signs 4,617 4, 4, 2,459 4,5 4, 4, 826. Recreation Programs 33,719 3,335 3,335 25,566 3, 28, 28, Rec. Programs - Swim Team 9,956 5, 5, 1,144 7,5 5,5 5, Contractual Service 7,636 12,799 12,799 7,954 9, 13, 13, 838. Special Events 11,674 13,4 13,4 8,589 11, 1, 1, 853. Telephone 1,47 6,5 6,5 7,37 11, 11, 11, 861. Gas & Oil 4,736 3, 3, 3,65 5,2 5,5 5,5 88. Sundry Supplies 1,72 2,255 2,255 1,883 2,2 2,3 2, Insurance General 9,822 9,822 1, 1, 921. Electric Power 51,818 6, 6, 7,45 6, 62, 62, 927. Water 3,2 1,2 1,2 1,2 1,2 11, 11, 928. Natural Gas 26,717 4, 4, 19,748 32, 34, 34, 931. Buildings & Structures 33,511 33,9 33,9 18,415 36,2 3, 3, 933. Equipment Repair - Non Auto 5,941 6, 6, 4,344 7,5 6, 6, Park/Grounds Repair & Maint 13,96 14,6 14,6 3,974 12, 14,6 14,6 Adopted

25 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 9 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Expenditures Function: Dept: PARKS & REC. - PIER PARK 22 (6) (7) (8) Requested Recommended Harbor Repair & Maintenance 32,248 29,45 29,45 25,828 29, 32, 32, 939. Automotive 2,766 2,5 2,5 1,46 2, 2,5 2, Dues & Subscriptions 2, , 2, 2, 96. Conference 1,169 2, 2, 1,423 2, 2, 2, 961. Training & Schooling 2,769 2, 2, 433 2,7 2,7 2, Personnel Expense 1, ,4 1,4 1, New Equipment 6,393 8, 8, 6,944 8, 8, 8, PARKS & REC. - PIER PARK 1,178,754 1,23,857 1,23, ,314 1,216,762 1,241,53 1,241,53 Dept: PARKS & REC. - KERBY FIELD 72. Salaries & Wages 6,114 11,44 11, , 8, 8, 72.1 Overtime FICA Expense Supplies 1,19 1, 1, , 1, Kerby Field - Dog Park 1,361 1, 1, 422 1,4 1,4 1, Insurance General 1,16 1,16 1,1 1, Water 2,14 3, 3, 1,341 2,2 2,5 2, Buildings & Structures 4,155 3, 3, , 2, Park/Grounds Repair & Maint 3,888 5,17 5,17 3,924 4, 4,17 4, New Equipment 489 1, 1, 1, 1, 1, PARKS & REC. - KERBY FIELD 19,711 26,785 26,785 8,259 17,496 22, 22, Dept: 85. OTHER FUNCTIONS GERS Health Ins. & Pension 932, , ,838 1,9,621 1,18, 925, , PSRS Health Ins. & Pension 558,96 764, , , ,347 72,856 72, Insurance - Group Life/AD&D 1,221 13, 13, 4,435 8, 8, 8, 757. Supplies 12,915 9, 9, 9,272 1, 1, 1, 778. Equipment Repair & Service 3,642 6, 6, 3,642 4, 4, 4, 811. Janitorial Maintenance 17,712 18,5 18,5 11,88 17,712 18,5 18, Appraisal Service 2, 831. Contractual Service 18,764 8, 8, 7,81 15, 12, 12, 913. Insurance Claims Paid 11,985 5, 5, 14,52 15, 1, 1, 914. Insurance General 169,844 19, 19, 181, ,2 19, 19, 921. Electric Power 48,484 55, 55, 27,521 5, 53, 53, 923. R.O.W. Plantings & Structures 29,41 2, 2, 14,919 25, 25, 25, 926. Street Lighting 42,64 33, 33, 272,92 44, 41, 41, 927. Water 6,39 5, 5, 3,258 5,3 6, 6, 928. Natural Gas 25,815 3, 3, 11,256 26, 3, 3, Adopted

26 City of Grosse Pointe Farms BUDGET WORKSHEET Page: 1 3/28/212 1:42 am Prior Current Year Year Original Amended Actual Thru Estimated Month: 2/29/212 Actual Budget Budget February Total Fund: 11 - GENERAL Expenditures Function: Dept: 85. OTHER FUNCTIONS (6) (7) (8) Requested Recommended 931. Buildings & Structures 1,8 2, 2, 633 1, 2, 1, 936. Repairs & Maint. 68,413 41, 41, 28,156 4, 41, 41, Repairs & Maint. - M. O. Lot 2,23 2, 2, 3,94 3,5 3, 3, 964. Tax Tribunal Refunds 2,687 5, 5, 25, , 5, 5, OTHER FUNCTIONS 2,325,5 2,496,685 2,496,685 2,392,668 2,742,59 2,491,617 2,481,617 Dept: 89. CONTINGENCY 941. Contingency 161,43 75, 75, 4,245 5, 5, 5, Mack&Moross/Kroger 98,73 12,442 3, 25, 25, CONTINGENCY 26,16 75, 75, 16,687 8, 75, 75, Dept: 965. TRANSFERS OUT Transfer to Major Street Fund 145, Transfer to Local Street Fund 3, 3, 3, 15, 3, 3, 3, Transfer to Insurance Retent. 25, 25, To Debt Service for Rec.Bldg. 186,18 181,75 181,75 138,57 181,75 178, , Transfer-Debt Service-Harbor 259,475 35,1 35,1 229,88 35,1 299,85 299, Transfer to Capital Projects 1,629,142 17,315 17,315 53,658 17,315 1, 1, Transfer to Water Fund TRANSFERS OUT 2,519, , , , ,165 93,75 93,75 Function: 13,926,278 12,455,696 12,455,696 9,55,19 12,567,142 12,499,55 12,465,295 Adopted Total Expenditures 13,926,278 12,455,696 12,455,696 9,55,19 12,567,142 12,499,55 12,465,295 Grand Total: -1,434,359 2,335,632-84,963 23

27 BUDGET SUMMARY General Fund Means of Financing: Taxes $ 9,267,7 Licenses and Permits 339,3 Federal and State Grants 9,8 State Shared Revenue 675,5 Charges for Service 1,34,995 Fines / Forfeitures 356, Interest Income 1, Other Revenue 176, Fund Balance Appropriation 2, Total Means of Financing $ 12,465,295 Estimated Requirements: Personnel Services $ 8,87,38 Supplies and Materials 319,45 Other Services & Charges 2,318,89 Contingency 75, Transfer to Other Funds 93,75 Capital Outlay 41,5 Total Estimated Requirements $ 12,465,295 The General Fund is used to account for resources traditionally associated with government that are not required legally, or by sound financial management, to be accounted for in another fund. 24

28 GENERAL FUND EXPENDITURES BY OBJECT 19.2% 7.2%.3% Personnel Services Supplies and Materials Other Services/Charges Trsf. To Other Funds Capital Outlay 2.6% 7.7% State Averages Personnel Services: Supplies and Materials: Other Services/Charges: Trsf.To Other Funds: Capital Outlay: The total General Fund budget is $12,465,295. This graph shows expenditures by object as a percent of the General Fund. 25

29 GENERAL FUND - REVENUES AND EXPENDITURES Description Actual Actual Actual Estimated Budget Budget Revenue PropetyTaxes $9,775,863 $9,849,826 $9,481,378 $9,538,9 $9,466,696 $9,267,7 Licenses and Permits 26, , ,77 317,1 264, 339,3 Federal Grants 2,438 2,13 9,52 38,8 9,8 9,8 State Shared Rev./Grants 789, ,717 87, ,68 654,5 675,5 Charges for Services 1,417,161 1,151,895 1,261,925 1,298,98 1,276,2 1,34,995 Fines and Forfeitures 318, ,69 335, , 37,5 356, Interest Income 331, ,676 81,465 9, 15, 1, Other Revenue 147, ,135 24, ,7 121, 176, Fund Balance Appropriation , 2, Total - Revenue $13,43,32 $12,885,24 $12,491,919 $12,482,179 $12,455,696 $12,465,295 Expenditures Municipal Court $242,31 $236,139 $29,382 $233,36 $239,1 $252, General Government 1,519,2 1,459,572 1,374,465 1,338,87 1,351,4 1,344,92 Public Safety 4,683,242 4,557,16 4,55,749 4,579,61 4,68,34 4,615,13 Public Works 1,636,336 1,571,138 1,487,76 1,464,82 1,533,4 1,53,14 Parks & Recreation 1,287,139 1,244,21 1,198,465 1,234,258 1,257,642 1,263,53 Other Functions 2,79,751 2,31,466 2,585,658 2,822,59 2,571,685 2,556,617 Total - Expenditures $11,447,978 $11,99,541 $11,46,479 $11,672,977 $11,561,531 $11,562,22 Other Financing Uses Operating Transfers Out $1,466,871 $ 1,134,17 $ 2,519,797 $ 894,165 $ 894,165 $ 93,75 Total - Expenditures $12,914,849 $12,233,711 $13,926,276 $12,567,142 $12,455,696 $12,465,295 Revenue Over (Under) Expenditures $128,471 $651,313 ($1,434,357) ($84,963) $ - $ - 26

30 27

31 GENERAL FUND Application of Fund Balance Unassigned Fund Balance, July 1, 211 $ 2,9,87 Fund Balance Re-Appropriation Budget 26, Revenues: Estimated to June 3, 212 $ 12,482,179 Expenditures: Estimated to June 3, ,567,142 Estimated Reduction to Unassigned Fund Balance (84,963) Fund Balance Re-Appropriation Budget (2,) Estimated Unassigned Fund Balance, June 3, 212 $ 2,821,124 An application or appropriation of fund balance occurs when planned expenditures exceed currently available revenues. It is sometimes referred to as "drawing from the rainy day fund." 28

32 BUDGET SUMMARY Major Street Fund Means of Financing: State Grant - Act 51 MVHF $ 36, Fund Balance Appropriation 9,13 Total Means of Financing $ 369,13 Estimated Requirements: Personnel Services $ 122,73 Supplies & Materials 94, Other Services & Charges 57,4 Transfer to L/S Fund 95, Total Estimated Requirements $ 369,13 Means of Financing: Local Street Fund State Grant - Act 51 MVHF $ 147, Interest Income 1, Transfer from General Fund 3, Transfer from M/S Fund 95, Fund Balance Appropriation 21,45 Total Means of Financing $ 573,45 Estimated Requirements: Personnel Services $ 431,89 Supplies & Materials 114,66 Other Services & Charges 26,9 Total Estimated Requirements $ 573,45 The Street Funds are required under Act 51 to account for gas & weight tax revenue received from the State. The Local Street Fund also receives funding from the General Fund. 29

33 BUDGET SUMMARY Recycling Program Fund Means of Financing: Charges for Service $ 15, Fund Balance Appropriation 5,6 Total Means of Financing $ 11,6 Estimated Requirements: Supplies & Materials $ 6 Other Services & Charges 11, Total Estimated Requirements $ 11,6 Means of Financing: Insurance Retention Fund Interest Income $ 7, Transfer from General Fund 25, Fund Balance Appropriation 143, Total Means of Financing $ 175, Estimated Requirements: Contractual Services $ 5, Benefit Payments 125, Total Estimated Requirements $ 175, These funds account for specific revenues and expenditures associated with particular projects or programs. 3

34 BUDGET SUMMARY Means of Financing: Community Development Block Grant Fund Federal Grant $ 48,6 Total Means of Financing $ 48,6 Estimated Requirements: Administration $ 6, ADA Improvements 42,6 Total Estimated Requirements $ 48,6 Means of Financing: Debt Service Fund Transfer from General Fund $ 478,75 Total Means of Financing $ 478,75 Estimated Requirements: Pier Park Building Bond $ 178, Pier Park Harbor Bond 299,85 Paying Agent Fees 225 Total Estimated Requirements $ 478,75 The Community Development Block Grant Fund accounts for federal grants received from the Department of Housing and Urban Development for residential and public infrastructure improvements. The Debt Service Fund accounts for accumulation of resources and payment of general obligation bond principal and interest. 31

35 DEBT SERVICE FUND Summary of Outstanding Bonds and Current Requirements Principal Outstanding Requirements Issue 7/1/212 Principal Interest 1999 SRF Loan * $ 3,895, $ 39, $ 97, Bond Defeasance * 1,915, 19, 76,6 24 Water Plant Bond ** 1,256,25 56,25 5,55 Subtotal - Water & Sewer $ 7,66,25 $ 636,25 $ 224, Pier Park Bond ** $ 2,93,75 $ 93,75 $ 84,25 25 Pier Park Bond *** 3,775, 15, 149,85 Subtotal - Debt Service $ 5,868,75 $ 243,75 $ 234,1 Total Outstanding Debt $ 12,935, Total Debt Requirement $ 88, $ 458,626 Summary of Future Requirements by Fiscal Year - Debt Service Fund Fiscal Year Ending June 3 Principal Interest Total 214 $293,75 $222,256 $516, , 27, , , 192, , , 179,156 54, ,25 165, , ,25 15, , ,25 134,252 59, ,5 116,52 63, ,5 96,234 68, ,75 74, , ,75 5, , , 26,5 626, , 7, 357, $ 5,625, $ 1,622,513 $ 7,247,513 ** This bond issue pays for $2,5, in Pier Park improvements (Govermental Fund Type) and $1,5, in Water & Sewer Fund improvements (Proprietary Fund Type). *** This bond issue pays for Improvements to the Pier Park's Harbor (Governmental Fund Type) Michigan statutes allow municipalities to issue general obligation bonds in an amount not to exceed 1% of state equalized value. Grosse Pointe Farms currently has outstanding less than 9% of the authorized amount. 32

36 WATER & SEWER FUND Summary of Outstanding Bonds and Current Requirements Principal Outstanding Requirements Issue 7/1/212 Principal Interest 1999 SRF Loan * $ 3,895, $ 39, $ 97, Bond Defeasance * 1,915, 19, 76,6 24 Water Plant Bond ** 1,256,25 56,25 5,55 Total - Water & Sewer $ 7,66,25 $ 636,25 $ 224,526 Summary of Future Requirements by Fiscal Year - Water & Sewer Fund Fiscal Year Ending June 3 Principal Interest Total 214 $646,25 $24,644 $85, , 184,91 854, , 163,43 868, , 141, , ,75 119, , ,75 96, , ,75 72, , ,5 46, , ,5 2, , ,25 15, , ,25 9,471 14, , 3,3 153,3 $ 6,43, $ 1,77,2 $ 7,57,2 * These are obligations of the Water & Sewer Fund, and are included on this spreadsheet for informational purposes only. * In FY 27, the 2 G.O. Bonds were refinanced for a more favorable interest rate. ** This bond issue pays for $2,5, in Pier Park improvements (Govermental Fund Type) and $1,5, in Water & Sewer Fund improvements (Proprietary Fund Type). Michigan statutes allow municipalities to issue general obligation bonds in an amount not to exceed 1% of state equalized value. Grosse Pointe Farms currently has outstanding less than 9% of the authorized amount. 33

37 BUDGET SUMMARY Capital Projects Fund Means of Financing: Transfer from General Fund $ 1, Fund Balance Appropriation 1,3,85 Interest Income 1, Total Means of Financing $ 1,113,85 Estimated Requirements: Capital Outlay: Project Cost - Streets $5, Sidewalk Repairs 64,4 Vehicles & Equipment - Public Safety - Police 172,45 Venicles & Equipment - Public Safety - Fire 122,5 Vehicles - Public Works 29,5 Kerby Field - Site Improvements 95, Office Technology 55, Pier Park Splash Pad 75, Total Estimated Requirements $1,113,85 The Capital Projects Fund is used to account for the development of capital facilities and acquisition of equipment, other than that financed by the operations of the proprietary funds. 34

38 BUDGET SUMMARY Capital Projects Fund Capital Outlay: Project Cost - Streets $5, Sidewalk Repairs 64,4 Vehicles & Equipment - Public Safety - Police 172,45 Venicles & Equipment - Public Safety - Fire 122,5 Vehicles - Public Works 29,5 Kerby Field - Site Improvements 95, Office Technology 55, Pier Park Splash Pad 75, Total Estimated Requirements $1,113,85 Streets: Chalfonte (Moross to City Limit) $2, Mt. Vernon Rd. ( Beaupre to Chalfonte) 65, Colonial Ct. 83, Mack Alley (Fisher to Moran) 25, Dean Lane 3, Miscellaneous 97, $5, Vehicles: Police 3-Patrol Vehicles $15, Ordinance Enf./Animal Control Van 27, Vehicle Equipment 4,45 $172,45 Fire Engine 3 Ladder 3 Replacement Fund $1, Misc. Truck Equipment 22,5 $122,5 Public Works Cushman Dumpster $29,5 Office Technology: BS&A Software Upgrade (Tax, Bldg., Lic.) $24, Printer - Treasurer's Office 6, Format Printer - Public Works 25, $55, 35

39 GOVERNMENTAL FUNDS SUMMARY Estimated Budget Estimated Governmental Fund Balance Means of Estimated Fund Balance Fund 7/1/212 Financing Requirements 6/3/213 General Fund $ 4,662,749 $ 12,265,295 $ 12,465,295 $4,462,749 Major Street Fund $281,13 $36, $369,13 $272, Local Street Fund $114,579 $552, $573,45 $93,129 Recycling Fund $1,521 $15, $11,6 $94,921 Comm. Dev. Block Gr. $ $48,6 $48,6 $ Debt Service Fund $ $478,75 $478,75 $ Capital Projects Fund $2,421,821 $11, $1,113,85 $1,418,16 Insurance Retention $36,475 $32, $175, $217,475 36