FISCAL YEAR 2014 PROPOSED OPERATING BUDGETS

Transcription

1 FISCAL YEAR 2014 PROPOSED OPERATING BUDGETS May 16, 2013 Presented By: Thomas K. Lynch, Town Manager Mark A. Milne, Director of Finance

2 Financial Accountability Structurally Balanced Budget Conservative Revenue Estimates AAA Bond Rating Since 2007 Commitment to Comprehensive & Quality Financial Reporting Distinguished Budget Presentation Award 13 Consecutive Years Excellence In Financial Reporting 10 Consecutive Years Annual 10 Year Forecast Annual 5 Year Capital improvement Program Tax Collection Rates of 99% to 100%

3 Capital Investment $22.8 Million Approved for FY14 $3.7 Million for Roadways $4 Million Invested in Facilities $2.6 Million invested in Water System $1.2 Million Invested in Waterways & Water Quality $7 Million of General Fund Reserves Invested $50 Million in General Fund Investment Projected Over The Next 5 Years (FY14 FY18) $3 Million Approved for CH90 In FY14

4 Fiscal Year 2014 Priorities Public Safety Police Substation for West Side of Town Funding to Continue Street Crimes Unit Funding for Vehicle Replacement & Maintenance Funding for Equipment Upgrades Public Education $500,000 for Facility Maintenance & Technology Arts & Culture Funding for Full-time Arts & Culture Coordinator

5 Fiscal Year 2014 Priorities - Continued Quality of Life Expansion of Hours at Craigville Beach Expansion of Waterway Maintenance Expansion for Code Enforcement Expansion in Recycling Programs Revitalization of Ridgewood Park Protection of Infrastructure Increase in Funding for Buildings, Grounds & Road Maintenance Increase in Funding for Cemetery Maintenance

6 Fiscal Year 2014 Priorities - Continued Technology Investment $147,200 for Municipal Hardware & Software Upgrades $200,000 for School Technology Refresh Barnstable Fiber Optic Network Completed

7 Civic Engagement Monthly Bulletin Town Manager enews Website Updates Channels 18 and 22 Citizen Leadership Academy Barnstable Police Academy iforum Citizens Connect & SeeClickFix Citizens Resource Line ( )

8 Community Resources Our Libraries Are The Heart of Each Village Budget Provides An Increase of 6.9% to Help The Libraries Meet Their Increased Operating Expenses Our Fire and Water Districts Work to Preserve and Protect Our Health & Safety Our Community Is Committed to Our Children Through Recreation Programs and The HYCC Seniors Have A Facility That Provides Daily Programs and Adult Day Support Civic and Business Associations Are Our Partners

9 General Fund Recommended Budget $135,425,807 including transfers 0.47% decrease from FY13 $130,967,681 excluding transfers 4.3% increase over FY13

10 Total Budget Growth FY09 FY14 $132,000,000 $130,000,000 $128,000,000 $126,000,000 $124,000,000 $122,000,000 $120,000,000 $126,152,914 $120,877,104 $120,390,951 $125,574,170 $124,297,388 $130,967,681 $118,000,000 $116,000,000 $114,000,000 FY09 FY10 FY11 FY12 FY13 FY14 FY09 to FY14 = 3.82% growth

11 Composition of FY14 General Fund Resources 1% 2% 7% 4% 10% 76% Property Taxes State Aid All Other Revenues Vehicle & Boat Excise Rooms Excise General Fund Reserves

12 Change in General Fund Resources Available for Operations FY 2013 FY 2014 $ Change % Change Property Taxes $98,882,498 $102,020,925 $3,138, % State Aid $13,936,234 $13,968,322 $32, % Excise Taxes $6,463,383 $7,086,939 $623, % Fines & Penalties $1,214,100 $1,250,000 $35, % Fees, Licenses, Permits $2,565,000 $2,522,063 ($42,937) (1.67%) Charges for Services $1,500,000 $1,620,000 $120, % Investment & Other Income $1,255,881 $1,210,000 ($45,881) 14.27% Enterprise Funds $1,913,906 $ 2,171,379 $257, % Special Revenue & Trust $870,420 $939,343 $68, % General Fund Reserves $7,465,000 $2,636,836 ($4,828,164) (64.68%) Total $136,066,422 $135,425,807 ($640,615) (0.47%)

13 Millions General Fund Revenue Trend $160 $140 $120 $100 $80 $60 $40 $20 $0 FY09 FY10 FY11 FY12 FY13 FY14 Reserves $6,507,572 $2,056,000 $954,758 $3,422,330 $7,465,000 $2,636,836 Other Local $9,477,083 $9,658,892 $8,970,612 $8,832,545 $9,319,307 $9,712,785 Excise Taxes $8,099,435 $7,198,384 $6,619,034 $8,249,402 $6,463,383 $7,086,939 State Aid $15,161,289 $13,860,305 $13,371,635 $13,594,313 $13,936,234 $13,968,322 Property Taxes $87,949,656 $90,705,087 $92,908,432 $95,855,666 $98,882,498 $102,020,925

14 Millions Property Tax Trend $120 $100 $80 $1.32 $1.15 $0.92 $1.23 $0.88 $0.62 $0.70 $0.59 $0.76 $0.55 $60 $40 $76.2 $79.3 $82.3 $84.8 $88.2 $91.2 $93.9 $96.7 $99.6 $102.8 New Growth Base $20 $0 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY05 to FY14 = 33% growth

15 History of Tax Levies Town & Fire Districts 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% $21.8 $22.0 $22.7 $24.8 $23.7??? $89.1 $91.8 $94.6 $97.3 $100.4 $103.4 FY09 FY10 FY11 FY12 FY13 FY14 Estimated Fire Districts Town

16 FY13 Median Tax Bill by District ($311,000 Property Value w/ Residential Exemption) $3,000 $2,500 $799 $676 $622 $544 $460 $2,000 $1,500 $1,000 $500 $0 $2,019 $2,019 $2,019 $2,019 $2,019 Fire District Tax Town Tax (includes 3% CPA tax)

17 Breakdown of FY13 Tax Bill for Median Home Value of $311,000 19% 9% 1% 0.5% 0.4% 1% 2% 0.2 6% 23% 39% Local School District Fixed Costs Fire Districts Police Public Works Administrative Services Community Services Growth Management Regulatory Services Town Manager Town Council

18 Town Tax Rates Excludes Fire Districts $10 $9 $8 $7 $6 $5 $4 $3 $2 $1 $0 $6.58 $6.90 $5.80 $6.12 $7.77 $8.05 $8.42 $8.76 $8.98 $6.87 $7.28 $7.59 $7.89 $8.11 $5.80 $6.12 $6.87 $7.28 $7.59 $7.89 $8.11 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Estimated Residential Commercial & Industrial Personal Property Median residential tax bill increase for FY14 is estimated to be ~ $68

19 FY14 Special Revenue & Trust Funding Used to Balance FY14 General Fund Budget Account Amount Annual Revenue Generated Balance in Account Bismore Parking Receipts $147,381 $200,000 $234,000 Wetlands Protection Act Fees $42,840 $34,000 $155,000 Waterways Improvement Fund $291,075 $220,000 $572,000 Embarkation Fees $158,047 $150,000 $203,000 Pension Reserve Trust Fund $300,000 $200,000 $2,646,000 Total $939,343 $804,000 $3,810,000

20 General Fund Reserves Used to Balance Budget Funding Provided For: Amount FY13 Snow, Ice & Debris Removal Deficit $1,400,000 Health Insurance Mitigation $585,000 Unemployment $500,000 Overlay Deficit $72, th Celebration $25,000 Police Department Capital Outlay $32,235 Community Service Dept. Operating Expense $22,601 Total $2,636,836

21 General Fund Reserves Free Cash Capital Trust Fund (CTF) Total Balance July 1, 2012 $17,272,393 $6,703,143 $23,975,536 FY13 Operating Budget $0 $1,891,000 $1,891,000 FY13 Capital Improvement Program ($301,000) ($3,285,000) ($3,586,000) FY13 Additional Transfer to CTF ($7,000,000) $7,000,000 $0 FY13 Transfer to Sewer Construction Trust ($640,000) $0 ($640,000) Subtotal Before FY14 Budget Activity $9,331,393 $12,309,143 $21,640,536 FY14 Capital Improvement Program $0 ($3,316,000) (3,316,000) FY14 Operating Budget ($2,636,836) $2,294,572 ($342,264) Balance Before FY13 Closing $6,694,557 $11,287,715 $17,982,272 Balance as a % of FY14 budget 5.1% 8.7% 13.8%

22 Change in FY14 Proposed General Fund Expenditure Budget FY13 FY14 $ Change % Change Prior Year Deficits $16,207 $1,472,000 $1,455, % Employee Benefits $18,203,846 $19,645,585 $1,441, % School Appropriation $55,900,835 $57,255,360 $1,354, % Municipal Operations $31,076,403 $32,228,733 $1,152, % Other Education $5,398,855 $5,694,444 $295, % Insurance $1,386,000 $1,495,650 $109, % Libraries $1,525,444 $1,630,979 $105, % State & County Assessments $2,407,797 $2,442,822 $35, % Other $291,908 $323,799 $31, % Debt Service $9,366,875 $8,778,309 ($588,566) (6.28%) Total Before Transfers $125,574,170 $130,967,681 $5,393, % Transfers $10,492,252 $4,458,126 ($6,034,126) (57.51%) Total Including Transfers $136,066,422 $135,425,807 ($640,615) (0.47%)

23 Distribution of FY14 General Fund Appropriations 15% 7% 2% 4% 3% 1% 1% 1% 1% 24% 42% School Operations Municipal Operations Employee Benefits Debt Service Other Education Transfers St & Cty Assessments Libraries Insurance Deficits Other Costs

24 Summary of Funding Sources for School Operations FY13 FY14 $ Change % Change General Fund Appropriation $55,900,835 $57,255,360 $1,354, % Circuit Breaker $1,576,046 $1,556,962 ($19,084) (1.21%) Prepaid Tuition $100,000 $0 ($100,000) (100%) Transportation Fees $225,000 $425,000 $200, % School Choice $440,222 $1,079,139 $638, % Total $58,242,103 $60,316,461 $2,074, %

25 Change in School Budget Description Amount Contractual Obligations $1,084,319 FY14 Program Changes/Enhancements (13.2 FTE) $882,915 FY14 Reductions (19.5 FTE) ($866,350) Contracted Services/Supplies $149,577 Investment in Technology & Building Maintenance $500,000 SPED Out Of District Tuition $353,262 Utility Savings ($29,365) Subtotal of FY14 Changes $2,074,358 FY13 Base Budget $58,242,103 FY14 Budget $60,316,461

26 Change in Municipal Operations Budgets Department FY13 FY14 $ Change % Change Police $11,178,649 $11,601,168 $422, % Public Works $7,863,952 $8,114,348 $250, % Administrative Services $5,157,780 $5,389,290 $231, % Community Services $2,529,990 $2,670,058 $140, % Regulatory Services $2,515,246 $2,643,229 $127, % Growth Management $901,437 $968,435 $66, % Town Manager $652,806 $565,822 ($86,984) (13.32%) Town Council $276,543 $276,383 ($160) (0.06%) Total $31,076,403 $32,228,733 $1,152, %

27 Distribution of Municipal Operations 2% 1% 3% FY14 Budget 8% 17% 8% 25% 36% Police Public Works Administrative services Community Services Regulatory Services Growth Management Town Manager Town Council

28 Summary of Changes to FY14 Municipal Operations Budget Description Amount Contractual Obligations $535,005 Additional Funding Provided to BPD $295,360 Additional Funding Provided to Public Works $183,703 Additional Funding Provided to CSD $113,415 Additional Funding Provided to Reg. Serv. $75,633 Additional Funding Provided to Growth Mgt. $38,013 Additional Funding Provided to Admin. Serv. $36,362 Expenditure Reductions ($125,161) Net Increase In FY14 Budget $1,152,330 FY13 Approved Budget $31,076,403 FY14 Proposed Budget $32,228,733

29 Detailed Additions to Municipal Operations Description Amount Police Overtime $60,000 Police Vehicle Replacement $188,625 Police Vehicle Tire Replacement $7,500 Police Substation $7,000 Police Computers $20,000 Police Document Shredders $12,235 Public Works Facility & Grounds Maintenance $79,803 Public Works Road Maintenance $67,800 Public Works Expanded Recycling Program $15,000 Public Works Cemetery Maintenance $14,000 Public Works Safety Equipment $7,100

30 Detailed Additions to Municipal Operations (Continued) Description Amount Arts Coordinator Position in Growth Management $38,013 Expand Craigville Beach Operating Hours $16,500 Increase in Veterinarian Costs in Animal Control Program $1,500 On-line Registration Programs for Senior Services & Recreation $22,601 Expand Waterway Maintenance Program $45,660 Division Assistant in Marine & Environmental Affairs $27,154 Additional Inspector in Regulatory Services $57,770 Rental Registration Position in Regulatory Services $17,863 Employee Recertification Funds in Human Resources $4,400 Software Support & Licensing Fees $11,962 Change Funding Source for Assistant Town Attorney $20,000

31 FY14 Staffing Changes for Municipal Operations Department Position Description of Change Amount FTE Growth Management Regulatory Services Regulatory Services Administrative Services Community Services Arts Program Coordinator Code Enforcement Inspector Health Division Assistant Assistant Town Attorney MEA Division Assistant Increase from Part-time to Full-time $38, New Position $57, Increase from Part-time to Full-time $17, Change in Funding Source (formerly CPF) $20, Increase from Part-time to Full-time $27, Total $160,

32 Distribution of FY14 Taxes Property and Other Taxes Total $109,107,863 (Excludes Fire Districts) 10% 2% 1% 32% 7% 1% 1% 0.4% 0.2% 45% Local School District Fixed Costs Police Public Works Administrative Services Growth Management Community Services Regulatory Services Town Manager Town Council

33 Cable License Activity FY99 to FY12 Contract Revenue $6,773,807 Personnel ($1,141,556) Internet Access Charges ($561,043) Other Operating Expenses ($54,091) BFON Expenses ($872,789) C3TV Funding ($259,272) Libraries ($48,175) Schools ($490,251) Equipment ($611,203) Balance Forward to FY13 $2,735,427

34 Cable License Fee 5 Year Spending Plan FY14 FY15 FY16 FY17 FY18 Estimated License Revenue $685,790 $692,648 $699,574 $706,570 $713,636 Personnel ($272,065) ($283,135) ($294,657) ($306,649) ($319,132) Internet Access Charge ($47,278) ($48,460) ($49,672) ($50,913) ($52,186) Equipment Replacement ($52,000) ($53,000) ($54,000) ($55,000) ($56,000) C3TV ($47,858) ($48,816) ($49,792) ($50,788) ($51,803) Other Operating Expenses ($48,940) ($50,634) ($52,497) ($54,547) ($56,802) Schools ($86,528) ($89,989) ($93,589) ($97,332) ($101,226) Net License Revenue $131,121 $118,614 $105,367 $91,341 $76,487 Self-insurance Fund for BFON ($200,000) ($200,000) ($200,000) $0 $0 Beginning Fund Balance $1,026,984 $958,105 $876,719 $782,086 $873,427 Ending Fund Balance $958,105 $876,719 $782,086 $873,427 $949,914 Self-insurance Fund Balance for BFON $600,000 $800,000 $1,000,000 $1,000,000 $1,000,000

35 FY14 Enterprise Fund Recommended Budgets Fund FY13 FY14 $ Change % Change Airport Enterprise Fund $7,349,458 $7,230,647 ($118,811) (1.62%) Golf Enterprise Fund $2,910,000 $2,921,692 $11, % Solid Waste Enterprise Fund $2,656,754 $2,696,341 $39, % Sewer Enterprise Fund $4,684,189 $4,328,518 ($355,671) (7.59%) Water Supply Enterprise Fund $3,454,571 $3,662,420 $207, % HYCC Enterprise Fund $2,766,644 $2,767,973 $1, % Marina Enterprise Fund $681,431 $680,231 ($1,200) (0.18%) Sandy Neck Enterprise Fund $704,442 $740,382 $35, %

36 Enterprise Fund Reserves Used for The FY14 Capital and Operating Budgets Funding Provided For: Amount Used Balance In Account Solid Waste FY14 Capital Program $415,000 $3,854,114 Solid Waste FY14 Operating Budget $428,369 $3,439,114 Water FY14 Capital Program $200,000 $1,944,267 Sewer FY14 Capital Program $370,000 $6,997,924 Airport FY14 Capital Program $592,000 $3,211,359 Golf Course FY14 Operating Budget $35,000 $374,712 Sandy Neck FY14 Operating Budget $31,000 $645,858

37 Town of Barnstable, Massachusetts FY 2014 Operating Budget Thomas K. Lynch Town Manager May 16, 2013