Village of Ridgewood

Transcription

1 Village of Ridgewood 2015 Budget Introduction Presentation Roberta Sonenfeld Village Manager Stephen Sanzari Treasurer April 22, 2015

2 General Topics 2014 Accomplishments/Highlights Budget Summary Revenues Use of Surplus Operating Expense Investment in Services and People Unfunded Liabilities Capital

3 2014 Accomplishments/Highlights Parking Established oversight of the Parking Utility. Swift implementation of Valet Parking. Established a public-private partnership to offer CBD employee parking. New policies and procedures; time parameters, pricing, resident/nonresident, enforcement. Implemented first credit card purchase program. Completed study of meters replacement options. Actively began preparations for a new parking deck on Hudson Street. Introduced an organizational change to appoint a new CFO/Parking Director. Redesigned Rt. 17 Park & Ride to accommodate 43 more parking spaces. Identified 16 new parking spots in the CBD

4 2014 Accomplishments/Highlights Continued Successful early settlement of a 4 year fire contract. Restructuring of Building Department; more to come in Launched Human Resources Department. Enhanced communications with residents, business and internally. Successfully completed the Complete Streets renovation of Garber Square. No Leaf Left Behind Program. Intense work with several agencies resulted in significant FEMA reimbursements. Began implementation of fiber optic communication system.

5 2014 Accomplishments/Highlights Continued Evolution of Community Center into a welcoming meeting place. WPC continued to create more electricity surpassing the plant s own needs. RPD s community policing/outreach approach continued to be recognized locally & nationally. Streamlined process for site plan review. Implemented Abandoned Properties process. Began implementing new approach to Fleet servicing. Come Alive Outside: A public private partnership; received an Award of Excellence from NJ Recreation & Parks Association for Fire and Ice. Supported Planning Board on Valley Hospital hearing and multifamily housing development.

6 2014 Accomplishments/Highlights Continued Continued a strong history of an effective volunteer Emergency Services organization that responded to 1,736 calls in 2014; volunteers donated 19,241 hours. Absorbed significant increase in work due to OPRA requests. Outsourcing of public health inspections. Addition of aquatic programs to Graydon. Modified snow removal and Christmas tree pick up. Ramped up sidewalk replacement project (204 properties addressed). In conjunction with the BOE, completed installation of Lightning Detection System. Enhanced the budgeting process. Amended redevelopment plan for North Walnut Street, prepared RFP & began evaluation of proposals.

7 Budget Process Several rounds of internal reviews were held with Department Heads; objective was to provide the best possible numbers & alternatives to the Village Council. Emphasis was on operating efficiencies, as well as customer service improvements & investment in people, process & technology. Budget reviews with Council were designed to elevate the dialogue to include strategic as well as daily operations. Operating Expenses as well as Capital were discussed for the Village, Ridgewood Water, Parking Utility & Library. Three sessions, that included entire Village Management Team, were held. Three alternative budget proposals were presented and discussed.

8 Budget Summary Operating & Capital Budgets done together. $47.1 Million Operating Budget $3.1 Net Million Capital Budget 1.2% Tax Increase $46.72 annual increase on an average assessed home value of $690,662. Estimated outstanding bonds & notes $38.8 Million (12/31/14) $36.6 Million (12/31/15) Revenues & Expenses are up approximately 1.8% from prior year.

9 Budget Being Introduced Total Appropriation 47,061, $ 46,226, Less: Surplus Anticipated 3,032, ,982,932 Miscellaneous Revenues 9,937, ,467, Receipts from Delinquent Taxes 700, , Amount to be Raised by Taxation 31,326, ,975, Public Library Tax 2,065, ,000, Total 33,391, ,975, Taxes on Average Assessed Value of $688,358 $3, Taxes on Average Assessed Value of $690,662 $4,013 Municipal Increase $46.72 $-5.00 Library Increase $ 9.00

10 2015 Revenues: $47.1 Million Maximized Anticipated Revenues Optimized use of Funds & Surplus Total Miscellaneous Revenues are $9.9 Million, up $450K from prior year s budget & $170K from prior year s actual Risks Police Side Jobs Administrative Fees Usual Graydon Risk Weather Dependent Recycling One timers Opportunities Continued payback of Parking Utility deficits in 2016 budget New tax ratables

11 Sources of Funds Use of Surplus Fund Balance YEAR SURPLUS BALANCE UTILIZED SURPLUS ADOPTED BUDGET % OF BUDGET REMAINING SURPLUS M 3.032M M 6.44% 1.5M M 2.983M M 6.45% 1.4M M 2.950M M 6.51% 1.4M M 2.567M M 5.67% 1.4M M 2.635M M 5.93% 1.8M M 2.607M M 6.23%.2M

12 2015 Operating Expense: $47.1 Million Viewed expenses against 2014 actual & trends from previous years. Identified areas of efficiency and supplemental required expenses. Identified areas of investment to improve resident services & develop staff. Risks Snow Maintenance of buildings Legal expenses Planning Board

13 HIGHLIGHTS Investments in Services & People Parking Utility New CFO/Parking Utility Director. Implement Parkmobile & other strategies to enhance parking options & to minimize the handling of quarters. Outsource counting of coins. Continually evaluate the parking conditions to insure optimum parking for residents. Do everything necessary to begin construction of a parking garage(s) by Building Department Revitalization. Implementation of HR. Significant growth in the application of technology. Continue Leave No Leaf Behind program. Re-accreditation of RPD as a Flagship Organization. Enhanced support for vibrant Community Center.

14 HIGHLIGHTS Investments in Services & People Continued Staff Development: e.g., Bergen LEADS, CIO training, Fire leadership. Develop continuity of operations plan. Aesthetics Shade Tree & Tree Wells. Launch new Village website. Develop strategic plan for Village footprint. Conversion of incandescent streetlights to LED enhancing public safety. Prepare for 2016 implementation of a new sidewalk café ordinance and enforcement.

15 HIGHLIGHTS Salient Factors Expense Increases: Police due to contracts & ammunition ($367K over 2014 budget, $518K over actual). Maintenance of buildings ($30K over budget but $20K under actual). Increase in grass clippings (up $40K); overall dumping fees (up $80K). Group health insurance (up approximately $350K). Approximately double the cost for polymer for WPCF ($57K to $100K). Increase in Planning Board legal fees ($40K). Outsource of sludge hauling ($47K) offset in avoidance capital expenditure. Addition of legal expense for PBA negotiations ($35K). Provides Library.86% increase. Absorption of blue & white ( ) due to late contract settlement in 2014.

16 HIGHLIGHTS Salient Factor Expense Decreases: Decrease in Fire salaries & wages $350K. Decrease in Gasoline $200K. Significantly sized departments are within 1% of last year s budget or actual. DPW (5.2 million) including higher dumping & lower gas is 3% versus 2014 budget, 0% vs 2014 actual. Recreation is 5% less than budget & actual. Parks is 1% over budget & actual. Fire is 9% less than prior year s budget & 7% less than actual. Graydon Pool is 4% less than prior year s budget & 5% less than actual. Maintaining overall staffing levels across the board except for investment spending. Decrease in labor attorney fees (decrease of $46K) due to establishment of an HR capability. Formulation of a realistic Parking Utility Budget.

17 Contractual Obligations Totals Salaries Police: $ 6.703M Fire: $ 4.481M Other: $ 6.887M Pension Police/Fire: $ 2.370M PERS: $.953M Health Insurance: $ 6.275M Terminal Leave: $.432M Vacation: $.194M TOTAL OBLIGATIONS: $28.295M/$47.061M 60.1%

18 Other Key Areas of Efficiencies Negotiation of PBA Contract. Water Pollution continue to explore ways of creating energy efficiencies & furthering our private-public partnership. Determine staffing & operating model for Fleet garage. Adoption of technology to decrease departmental workload. Migrating phone vendor (Verizon to Lightpath). Examine methods to decrease cost of workers compensation. Finish fiber loop project decreasing communications & Internet service costs while increasing reliability. Adoption of technologies that decrease IT workload (e.g. remote support, monitoring). Outsourcing of health inspections. Potential outsourcing of Lakeview operations. Explore doing our own brine production. Implementation of e-ticket. Streamlining emergency communications (Swift Reach).

19 Unfunded Liabilities $7.14 Million 9 Confirmed Retirements $ 432, $ 161, $ 121,000 Total: $ 715,177 Trust Fund: $ 636,660

20 Capital 2015 Street Paving Program $ 500,000 (will do approximately $3M) Purchase of Vehicles $1,235,500 IT $ 321,725 Public Safety $ 189,900 Engineering $ 591,000 Other Infrastructure & Equipment $ 262,500 Library $ 50,000

21 Gross Debt General Capital Fund DEBT PROJECTED 12/31/2014 PAYDOWNS ISSUANCE BALANCE 12/31 SERIAL BONDS $ 32,527, $ 3,115, $ - $ 29,412, BOND ANTICIPATION NOTES $ 6,299, $ 630, $1,500, $ 7,169, TOTAL BONDS & NOTES $ 38,826, $ 3,745, $1,500, $ 36,581, BONDS & NOTES AUTHORIZED & NOT ISSUED $ 9,291, $- $2,968, $12,260, TOTAL GROSS DEBT $48,118, $3,745, $4,468, $48,841, *Note- Balances of completed unfunded projects will be cancelled in 2015 which will reduce authorized and not issued.

22 THE END..