City of Grand Junction 2017 Budget. City Council Meeting and Public Hearing December 7 th, 2016

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1 City of Grand Junction 2017 Budget City Council Meeting and Public Hearing December 7 th, 2016

2 Government Finance Officers Association Four Main Purposes of a Budget 1. As a policy document, the budget indicates what services the City will provide during the next year and spells out the level of services and reasons for their provision. 2. As an operations guide, the budget indicates how departments and funds are organized to provide services to the community. 3. As a financial plan, it summarizes the cost to the taxpayers for current and approved service levels and how they will be funded. 4. As a communications tool, the budget is designed to be user-friendly with summary information in text, charts, tables and graphs.

3 2017 Budget Process July Meetings with Individual Council Members to establish budget priorities July Review economic indicators and prepare revenue estimates July Set budget parameters with Department Head Team August Department budgets due August 23rd-31st Line item budget review with Departments September Capital budget review and overall balancing October 3 rd & 17th City Manager Recommended Budget Delivered to City Council at Workshops November 16th Set Public Hearing December 7 th Public Hearing Adoption of Final Budget

4 Priorities Fiscal Responsibility Public Safety Infrastructure Economic Development

5 Fiscal Responsibility Prioritize budget according to Council Priorities Public Safety, Infrastructure, Economic Development Revenue projections based on economic indicators residential lots added in Increase in travel to Grand Junction - Job and wage loss in energy industry Utility rate changes according to financial plan and rate studies Identify and address cyclical and structural deficit Line item review and reduction of Department operating budgets

6 Fiscal Responsibility (continued) Reduce labor budget with minimal impact to essential services- No sworn police or fire positions eliminated 25 positions eliminated 6 positions reclassified, reassigned, reduced in hours Bid medical insurance in competitive market Stay with current provider Premiums will stay flat or potentially decrease Evaluation of Convention Center business model and management resulting in request for proposal for private operation Address street infrastructure need for funding

7 Priorities Public Safety Add 4 authorized police officer positions Add 3 authorized E-911 dispatchers Add 3 authorized emergency medical technicians E911 system improvements

8 Priorities Infrastructure Increase investment in street infrastructure by 25% 1 st Street project Pedestrian and trail improvements Las Colonias Park Amphitheater Water and Sewer line and plant improvement

9 Priorities Economic Development Implementation of North Star Report recommendations through ED Partners Grand Junction Economic Partnership (GJEP) and The Business Incubator Center Colorado Mesa University Foreign Trade Zone, Broadband, Marketing Plan

10 2017 City of Grand Junction Budget Recommended Budget total = $140,466,277 $6.9 million (4.7%) decrease from Adopted 2016 Decrease in labor and operating General Fund operating surplus (sources over uses) of $161,585. Projected ending fund balance $18,169,731 (if contingency funds are all used)

11 Total City Manager s Recommended Budget

12 General Fund Revenues-Major Categories General Fund supports the general government operations of the City including Police, Fire, Parks, and Public Works as well as major capital projects. Property taxes make up 12% of the General Fund revenues and are budgeted nearly flat in 2017 based on certifications from the County. The City s levy is 8 mills and has not changed for over 20 years. Sales and use taxes are a significant source of revenue for the General Fund. In 2017, we have conservatively budgeted flat to how we expect 2016 to end which is less than 2015.

13 General Fund Source of Revenues

14 Labor Distribution

15 Total Operating Budget by Department

16 Community Investment

17 Questions & Discussion Greg Caton City Manager John Shaver City Attorney Greg Lanning Public Works and Utilities Director John Camper Police Chief Debbie Kovalik Convention & Visitor Services Director Rob Schoeber Parks & Recreation Director Ken Watkins Fire Chief Claudia Hazelhurst Human Resources Director Jodi Romero Financial Operations Director Special Thanks to Budget Team Jay Valentine, Aeron White, Tatiana Gilbertson