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CITY COUNCIL WORK SESSION
October 02, 2017
5:00 PM, City Council Chambers
MEETING AGENDA
I. Budget Kickoff: Overview / General Fund / Grants
P1
September 29, 2017
Mayor and City Council,
I am pleased to present the proposed 2018 operating and capital appropriations budget for your
consideration. Net appropriations for the year, excluding interfund transfers and therefore the
true expenditure request, equal $125,631,787 and is outlined in the table below. For 2018, base
operational costs for existing service levels increased just 0.7%. Combined with newly requested
resources above existing service levels, the operational budget request increases by 5.2%. Capital
authority for 2018 is requested at $46,965,447, or a 10.3% increase from last year, however it
reflects a re‐adoption of 2017 authority for administrative city offices, as these dollars will not be
spent in 2017 and will be returned to fund balance. Finally, debt service is projected to increase
by $2,884,610, or 45.6%, however much of this increase is due a one‐time partial call on
outstanding bonds related to the Castle Creek Energy Center of $1,970,000; the remaining
increase relates largely to new debt payments for administrative offices.
2017 Orig. Budget 2018 Request $ Change % Change
Revenues $158,636,200 $152,245,485 ($6,390,715) (4.0%)
Base Operating $66,030,250 $66,483,630 $453,380 0.7%
Supplementals N/A $2,974,520 $2,974,520 N/A
Total Operating $66,030,250 $69,458,150 $3,427,900 5.2%
Capital Outlay $42,564,170 $46,965,447 $4,401,277 10.3%
Debt Service $6,323,580 $9,208,190 $2,884,610 45.6%
Net Appropriations $114,918,000 $125,631,787 $10,713,787 9.3%
Transfers $25,350,880 $27,570,160 $2,219,280 8.8%
Total Appropriations $140,268,880 $153,201,947 $12,933,067
9.2%
Ending Fund Balance $121,863,553 $132,854,934 $10,991,381 9.0%
Arts and Recreation
$25,578,580
17%Asset Management
$24,433,790
16%
Public Utilities
$20,608,460
13%
Affordable Housing
$19,944,360
13%
Transportation and
Parking
$13,055,730
9%
Internal Service
Funds
$7,877,547
5%
Debt Service
$7,776,170
5%
Community
Development,
Engineering
$6,625,750
4%
Administrative
$6,180,070
4%
Public Safety
$5,745,520
4%
Childcare,
Human
Services,
Education
$5,660,070
4%
Streets, Stormwater
$4,416,760
3%
Economic Promotion
$3,338,990
2%
Environmental
Initiatives
$1,960,150
1%
Transmittal Letter - Page 1
P2
I.
Revenues
Taxes
The City has assumed a 3.0% growth rate over projected 2017 forecasted sales tax collections.
This softer growth assumption relative to Aspen’s long‐term average tax growth rate of 4.5% is
reflective of the broader uncertainty in the political and economic environments nationally and
internationally, and of the slower growth in lodging occupancy figures.
Similarly, the City has assumed a 4.0% increase over projected 2017 lodging tax collections – this
again is below the historical long‐run average growth for lodging tax collections. While there
continues to be some upward price movement for the average room night, average occupancy
has started to level off and overall growth appears to be somewhat moderated.
$8,000,000
$9,000,000
$10,000,000
$11,000,000
$12,000,000
$13,000,000
$14,000,000
$15,000,000
$16,000,000
$17,000,000
Retail Sales Tax Collections
City Collections Inflation Adjusted
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
Lodging Tax Collections (Transportation Fund Share)
Lodging Tax Transportation Inflation Adjusted
Transmittal Letter - Page 2
P3
I.
Mill Levy
In addition to the previously mentioned taxes, the City has two separate mill levies: a general
purpose levy that is subject to TABOR limitation with a maximum of 5.410 mills; and a dedicated
Stormwater mill levy with a maximum of 0.650 mills. 2018 revenues generated by these two mill
levies are projected to increase by 4.6% based on the formulaic TABOR increase of inflation
(2.8%) plus annual new construction growth (1.8%). This revenue growth is less than the annual
change in assessed valuation for property within the City, which grew by 8.9%; and therefore,
will result in projected increases in mill levy credits against the full levies possible. For 2018, the
projected mill levies to be applied are 4.394 and 0.556 mills for the general purpose and
Stormwater levies, respectively. All figures above are preliminary and will be revised when the
final figures from the Pitkin County Assessor’s Office are released in early December.
Fees
Fees are collected to support elective programs or services that would otherwise need to be
scaled back if general purpose revenue was not sufficient to provide them. For 2018, fees were
evaluated individually again, and select fees were adjusted for a variety of reasons. A summary
of the fee changes is included in your budget book, with the general rationale on changes noted
below:
recreation / golf fees ‐ select fees were adjusted based on elasticity, cost recovery, new
programming, and simplification;
community development / engineering fees ‐ clean‐up of thresholds and language,
removal of refund allowances, and refinement to permit waivers for non‐profit
organizations;
parking fees ‐ continued focus on influencing behavior and reducing traffic congestion
with adjustments to 4th hour and business/service vehicle permits; and
transportation fees – resetting ranges for car‐to‐go program fees.
$3,500,000
$4,000,000
$4,500,000
$5,000,000
$5,500,000
$6,000,000
$6,500,000
$7,000,000
$7,500,000
$0
$200,000,000
$400,000,000
$600,000,000
$800,000,000
$1,000,000,000
$1,200,000,000
$1,400,000,000
$1,600,000,000
$1,800,000,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Property Tax RevenueAssessed ValuationAssessed Value & Property Tax Revenue
Base Property Tax Revenue Add'l TABOR Revenues Assessed Value
Transmittal Letter - Page 3
P4
I.
Operating Expenditures
The 2018 operating budget of $69,458,150 reflects a 5.2% increase over the 2017 originally
adopted budget. This increase is nearly all related to the $2,974,520 million in “supplemental”
requests, as continuation of base budget authority from 2017 to 2018 remained essentially flat,
increasing just $453,380, or 0.7%. New supplemental requests reflect areas where cost
escalation exceeded inflationary targets and/or are areas where program expansion or increased
staffing are sought to address customer service levels or expanded regulation. Because these
requests additive to existing service levels, these requests are itemized out from the rest of the
budget, for specific Council approval.
Below is a brief summary of the amounts and general focus of the supplemental resources
requested in 2018. Further information on these supplemental requests can be found in your
budget book.
Focus Area Authority Description
Arts and Recreation $622,310 Child day‐camp and adult fitness staffing, nordic and trails
management, program expansion and additional arts grants
Outreach $330,150 Continuation of Citizen’s Academy and the Sustainability Report,
on‐going funding for Health and Human Services Officer,
downtown economic vitality efforts
Regulation or Policy
Enforcement
$277,520 Additional tax auditing resources focused around transient
vendors and short term rentals, zoning / building review services
Transit Services $515,410 EV charging stations and alternative transit services
Utility Services $602,350 Purchased power cost escalation, protection of water rights,
staffing resources, professional services and maintenance costs
Facility Related $319,050 Utilities associated with new and existing buildings, additional
internal resources for project management
Internal Operations $307,730 IT / GIS upgrades and support services, staff support for internal
process improvement and environmental health initiatives
Grand Total $2,974,520
$622,310
$330,150
$277,520
$515,410
$602,350
$319,050
$307,730
2018 Supplemental Requests By Focus Area Arts and Recreation
Outreach
Regulation or Policy Enforcement
Transit Services
Utility Services
Facility Related
Internal Operations
Transmittal Letter - Page 4
P5
I.
Capital Expenditures
The 2018 capital plan, equal to $46,965,447, is anchored by two appropriation requests for the
advancement of City administrative offices as well as for new funding tied to affordable housing
development. Related to the City administrative offices, the $19.9 million figure includes a re‐
appropriation of the $17.0 million authority adopted in the 2017 budget – this earlier
appropriation will be returned to fund balance and is being re‐requested to correspond to the
timing of anticipated financing proceeds.
A summarized listing of capital projects of $150,000 or more is itemized below. All capital
projects proposed for 2018 are documented within your budget books under the respective fund
supporting the project.
50257 City Offices ‐ Galena $19,911,880
50542 PPP Development Rental Housing $16,400,000
50833 General Fund Departments Fleet ‐ 2018 $865,250
50780 Fleet ‐ Parks ‐ 2018 $591,500
50693 City Offices ‐ Rio Grande $500,000
50681 Water Place Phase II ‐ Design $450,000
50258 City Offices ‐ Armory $443,500
50837 Concrete Replacement ‐ 2018 $435,000
50132 New Equipment Storage Building $350,000
50563 Ground Water Additional Drilling $300,000
50512 Orchestra Seating Replacement $255,500
50184 Micro Hydro Maroon / Castle Creek $250,000
50749 Water System Integrity Projects $225,000
50766 Electric System Replacement ‐ 2018 $200,000
50745 Backwash Pond ‐ Master Plan & Solids Mitigation $180,000
50783 Fleet ‐ Golf ‐ 2018 $154,000
50750 Distribution Replacement ‐ 2018 $150,000
All Other Projects Less Than $150,000 $5,303,817
2018 Capital Projects Total $46,965,447
Summary
I look forward to discussing this proposed 2018 budget with you in the coming weeks and
furthering its advancement for the continued quality and level of service our tourists and citizens
of Aspen deserve and expect.
Sincerely,
Steve Barwick
Aspen City Manager
Transmittal Letter - Page 5
P6
I.
TOTAL CITY OF ASPEN 2018 NET APPROPRIATIONS BY FUND
Fund Name Operating Supplementals Capital Debt Service
Net
Appropriations
001 ‐ General Fund $26,305,210 $1,140,440 $0 $48,940 $27,494,590
250 ‐ Debt Service Fund $0 $0 $0 $5,804,920 $5,804,920
100 ‐ Parks and Open Space Fund $5,505,260 $88,450 $1,797,920 $0 $7,391,630
120 ‐ Wheeler Opera House Fund $3,095,240 $462,760 $506,500 $0 $4,064,500
130 ‐ Tourism Promotion Fund $2,802,240 $0 $0 $0 $2,802,240
131 ‐ Public Education Fund $2,700,000 $0 $0 $0 $2,700,000
132 ‐ REMP Fund $1,185,000 $0 $0 $0 $1,185,000
141 ‐ Transportation Fund $2,926,300 $500,000 $149,200 $0 $3,575,500
150 ‐ Housing Development Fund $570,370 $0 $16,400,000 $0 $16,970,370
152 ‐ Kids First Fund $1,775,700 $0 $21,200 $0 $1,796,900
160 ‐ Stormwater Fund $831,220 $0 $230,000 $0 $1,061,220
000 ‐ Asset Management Plan Fund $102,000 $0 $23,516,730 $0 $23,618,730
421 ‐ Water Utility Fund $4,183,660 $322,020 $2,380,000 $192,000 $7,077,680
431 ‐ Electric Utility Fund $7,157,130 $324,370 $666,400 $2,326,880 $10,474,780
451 ‐ Parking Fund $2,004,910 $30,000 $34,000 $0 $2,068,910
471 ‐ Golf Course Fund $1,474,310 $0 $328,400 $127,750 $1,930,460
491 ‐ Truscott I Housing Fund $631,550 $6,030 $18,100 $707,700 $1,363,380
492 ‐ Marolt Housing Fund $480,070 $8,510 $150,550 $0 $639,130
501 ‐ Employee Benefits Fund $1,428,750 $0 $0 $0 $1,428,750
505 ‐ Employee Housing Fund $236,490 $0 $556,200 $0 $792,690
510 ‐ Information Technology Fund $1,088,220 $91,940 $210,247 $0 $1,390,407
$0
All Funds $66,483,630 $2,974,520 $46,965,447 $9,208,190 $125,631,787
Operating
$66,483,630
53%
Supplementals
$2,974,520
2%
Capital
$46,965,447
38%
Debt Service
$9,208,190
7%
2018 Net Appropriations by Type
Transmittal Letter - Page 6
P7
I.
TOTAL CITY OF ASPEN 2018 APPROPRIATIONS BY FUND
Fund Name
Opening
Balance
Total
Revenues
Total
Expenditures
Ending
Balance
$ Change In
Fund Balance
% Change
Fund Balance
001 ‐ General Fund $15,768,661 $32,115,030 $32,990,620 $14,893,071 ($875,590) (5.6%)
250 ‐ Debt Service Fund $201,890 $5,808,460 $5,804,920 $205,430 $3,540 1.8%
100 ‐ Parks and Open Space Fund $5,033,454 $12,389,047 $12,268,190 $5,154,311 $120,857 2.4%
120 ‐ Wheeler Opera House Fund $31,434,976 $5,480,700 $4,630,400 $32,285,276 $850,300 2.7%
130 ‐ Tourism Promotion Fund $94,273 $2,839,190 $2,837,300 $96,163 $1,890 2.0%
131 ‐ Public Education Fund $4,152 $2,700,080 $2,700,000 $4,232 $80 1.9%
132 ‐ REMP Fund $4,197,578 $883,950 $1,185,000 $3,896,528 ($301,050) (7.2%)
141 ‐ Transportation Fund $4,169,326 $5,383,280 $5,693,320 $3,859,286 ($310,040) (7.4%)
150 ‐ Housing Development Fund $32,720,195 $15,113,438 $17,658,150 $30,175,483 ($2,544,712) (7.8%)
152 ‐ Kids First Fund $5,325,522 $2,162,690 $2,063,410 $5,424,802 $99,280 1.9%
160 ‐ Stormwater Fund $1,637,637 $1,218,050 $1,366,520 $1,489,167 ($148,470) (9.1%)
000 ‐ Asset Management Plan Fund $14,742,099 $29,900,410 $23,706,330 $20,936,179 $6,194,080 42.0%
421 ‐ Water Utility Fund $4,291,938 $8,519,540 $9,171,680 $3,639,798 ($652,140) (15.2%)
431 ‐ Electric Utility Fund $4,126,607 $9,304,830 $11,436,780 $1,994,657 ($2,131,950) (51.7%)
451 ‐ Parking Fund $4,743,384 $4,472,250 $7,362,410 $1,853,224 ($2,890,160) (60.9%)
471 ‐ Golf Course Fund $668,836 $2,278,970 $2,163,160 $784,646 $115,810 17.3%
491 ‐ Truscott I Housing Fund $472,014 $1,257,740 $1,489,180 $240,574 ($231,440) (49.0%)
492 ‐ Marolt Housing Fund $324,465 $1,228,580 $797,030 $756,015 $431,550 133.0%
501 ‐ Employee Benefits Fund $2,627,808 $5,071,060 $5,418,750 $2,280,118 ($347,690) (13.2%)
505 ‐ Employee Housing Fund $836,608 $2,444,090 $792,690 $2,488,008 $1,651,400 197.4%
510 ‐ Information Technology Fund $389,973 $1,674,100 $1,666,107 $397,966 $7,993 2.0%
All Funds $133,811,396 $152,245,485 $153,201,947 $132,854,934 ($956,462) (0.7%)
Less Interfund Transfers $27,570,160 $27,570,160
Net Appropriations $133,811,396 $124,675,325 $125,631,787 $132,854,934
Transmittal Letter - Page 7
P8
I.
2018 Proposed Budget
October 2, 2017
P9I.
2018 Budget Process
Meetings to Review Budget with Council (7)Scheduled Topics / Funds
Monday, October 2 Overview,General Fund, Grants
Tuesday, October 3 Internal Services Funds, Asset Management Plan Funds
Tuesday, October 10 Tourism, Public School, REMP, Wheeler Opera House Funds
Monday, October 16 Kids First, City Housing Funds
Tuesday,October 17 Transportation, Parking Funds
Tuesday, October 24 Water and Electric Utilities, Stormwater Funds
Tuesday, November 7 Parks and Open Space, Golf, Component Unit (600) Funds
2
Adoption Meetings Scheduled Topics
Monday, November 13 1st Reading of Fee Ordinance
Monday, November 27 Budget Resolutions, 2nd Reading of Fee Ordinance
Monday, December 11 Mill Levy Resolution
P10I.
2018 Proposed Budget
3
Total
Arts and Recreation
$25,578,580
17%Total
Asset Management
$24,433,790
16%
Total
Public Utilities
$20,608,460
13%
Affordable Housing
$19,944,360
13%
Transportation and Parking
$13,055,730
9%
Internal Service Funds
$7,877,547
5%
Debt Service
$7,776,170
5%
Community Development,
Engineering
$6,625,750
4%
Administrative
$6,180,070
4%
Public Safety
$5,745,520
4%
Childcare, Human
Services, Education
$5,660,070
4%
Streets,
Stormwater
$4,416,760
3%
Economic
Promotion
$3,338,990
2%
Environmental
Initiatives
$1,960,150
1%P11I.
2018 Revenue: $152.2 Million
4
$62,015,440
$48,170,425
$27,061,910
$14,997,710 $0$10,000,000$20,000,000$30,000,000$40,000,000$50,000,000$60,000,000$70,000,000General Governmental Funds $62,015,440
000 -Asset Management Plan Fund $29,900,410
001 -General Fund $32,115,030
Special Revenue Funds $48,170,425
100 -Parks and Open Space Fund $12,389,047
120 -Wheeler Opera House Fund $5,480,700
130 -Tourism Promotion Fund $2,839,190
131 -Public Education Fund $2,700,080
132 -REMP Fund $883,950
141 -Transportation Fund $5,383,280
150 -Housing Development Fund $15,113,438
152 -Kids First Fund $2,162,690
160 -Stormwater Fund $1,218,050
Enterprise Funds $27,061,910
421 -Water Utility Fund $8,519,540
431 -Electric Utility Fund $9,304,830
451 -Parking Fund $4,472,250
471 -Golf Course Fund $2,278,970
491 -Truscott I Housing Fund $1,257,740
492 -Marolt Housing Fund $1,228,580
Debt Service / Internal Service Funds $14,997,710
250 -Debt Service Fund $5,808,460
501 -Employee Benefits Fund $5,071,060
505 -Employee Housing Fund $2,444,090
510 -Information Technology Fund $1,674,100
Grand Total $152,245,485 P12I.
2018 Revenue: $152.2M
5
Licensing, Permits,
Charges for Services
$48,636,098
Other Revenues
$5,914,527
Transfers
$27,570,160
Debt Proceeds
$17,500,000
City 2.4% Sales Tax
$18,340,800
City 2.0%
Lodging Tax
$3,783,100
City Share of
County Sales Tax
$9,076,000
Property &
Ownership
Taxes
$8,290,800
Housing and
Wheeler RETTs
$10,463,000
City 2.1%
Use Tax
$1,100,000
Occupation Taxes
& Franchise Fees
$1,571,000
Taxes: $52.6M
P13I.
Property Tax Collections
$7.1M General Fund / AMP Fund; $900K Stormwater Fund
6
$0
$200,000,000
$400,000,000
$600,000,000
$800,000,000
$1,000,000,000
$1,200,000,000
$1,400,000,000
$1,600,000,000
$1,800,000,000
$2,000,000,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
Property Tax:
2018 AV Growth = 9.5%, Revenue Growth 4.6%
Base Property Tax Collections Add'l TABOR Revenues Assessed Value
Assessment Yr: 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
1.434
2.198 2.124
0.894
0.755
0.426
0.273
1.006
0.809
1.016
0.000
0.500
1.000
1.500
2.000
2.500
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
General Purpose Mill Levy Credit
Mill Levy Credit
P14I.
2.1% City Sales Tax
Excludes 0.3% Tax for Public Education
7
$8,000,000
$9,000,000
$10,000,000
$11,000,000
$12,000,000
$13,000,000
$14,000,000
$15,000,000
$16,000,000
$17,000,000
Actual Collections Inflation Adj. Collections
55% of 0.45%
Kids First
$1,843,400
45% of 0.45%
Housing Dev.
$1,508,200
0.15%
Transportation
$1,117,200
1.0% + 0.5% (Sunsets)
Parks & Open Space
$11,172,000
2017 Forecast: 1.0%
2018 Projection: 3.0%P15I.
2.0% Lodging Tax
Tourism Promotion Fund (1.50%) / Transportation Fund (0.50%)
8
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
City Collections City Adj. Inflation
1.5% Tax -
Tourism
Promotion
$2,837,300
0.5% Tax -
Transportation
$945,800
2017 Forecast: 4.0%
2018 Projection: 3.5%P16I.
Real Estate Transfer Taxes
Housing Development Fund (1.0%), Wheeler Opera House Fund (0.5%)
9
$500,000
$2,500,000
$4,500,000
$6,500,000
$8,500,000
$10,500,000
$12,500,000
City Collections City Adj. Inflation
1.0% RETT -
Housing
Development Fund
$6,750,000
0.5% RETT -
Wheeler Opera
House Fund
$3,713,000
2017 Forecast: $9.0M & $6.8M
2018 Projection: $5.0M & $3.7M
P17I.
2.1% Use Tax
Transportation (2.1%)
10
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
2010 2011 2012 2013 2014 2015 2016 2017
Projected
2018
Projected
Use Tax
On Deposit Realized Use Tax
2017 Forecast: 12.0%
2018 Projection: 10.0%P18I.
2018 Revenue: $152.2M
11
Taxes
$52,624,700
Other Revenues
$5,914,527
Transfers
$27,570,160
Debt Proceeds
$17,500,000
Utilities
$16,945,300
Arts &
Recreation
$5,245,290
Affordable
Housing
$8,733,650
Development
$11,063,638
Transportation
& Parking
$4,361,250
Other Fees
$2,286,970
Charges for Services,
Licensing Permits: $48.6M
P19I.
2018 Revenue: $152.2M
12
Taxes
$52,624,700
Transfers
$27,570,160
Other
Revenues
$5,914,527 Licensing, Permits,
Charges for Services
$48,636,098
Debt Proceeds for
Administrative
Offices
$17,500,000
Debt Proceeds: $17.5M
Square Feet Project Cost Financed Cash Reserves
Admin Building 28,400 $22,142,000 $17,500,000 $4,642,000
Armory -City Hall 19,800 $15,890,000 $0 $15,890,000
Rio Grande 6,400 $500,000 $0 $500,000
Total 54,600 $38,532,000 $17,500,000 $21,032,000 P20I.
2018 Revenue: $152.2M
13
Taxes
$52,624,700
Transfers
$27,570,160
Licensing, Permits,
Charges for Services
$48,636,098
Debt Proceeds
$17,500,000
Employee Health
Premiums
$728,000
Investment
Income
$2,681,230
Miscellaneous
Revenues
$1,185,200
Refund of
Expenditures
$1,320,097
Other Revenues:
$5.9M
P21I.
2018 Revenue: $152.2M
14
Taxes
$52,624,700
Licensing, Permits,
Charges for Services
$48,636,098
Other
Revenues
$5,914,527
General Fund
Overhead
$4,980,800
IT Overhead
$1,550,200
Employee
Housing
$1,126,600
Debt Services
$5,049,150
Other Transfers
$1,188,740
Franchise Fees
$1,284,000
Parking /
Transportation
$1,750,000
Employee Health
Premiums
$3,990,000
Capital -
Administrative
Offices
$6,650,670
Transfers: $27.6M
P22I.
2018 Proposed Expenditure Authority
15
•Base Budget
•Equal to same level of resources as prior fiscal year, adjusted
for:
»Wages -Up to 4.0% merit pay
»Healthcare Premiums -4.0% increase (employee & employer)
»Goods & Services -2.0% Inflationary Increase (held flat 2017)
•Supplemental Requests
•New resource requests for expanded or new services, or for
cost escalation that could not be absorbed
P23I.
2018 Proposed Budget Overview
16
2017
Original Budget
2018 Proposed
Budget Change
Base Operating Budget $66,030,250 $66,483,630 0.7%
Supplementals (New Requests)N/A $2,974,520 N/A
Total Operating Budget $66,030,250 $69,458,150 5.2%
Capital Outlay $42,564,170 $46,965,447 10.3%
Debt Service $6,323,580 $9,208,190 45.6%
Net Appropriations Request $114,918,000 $125,631,787 9.3%
Transfers $25,350,880 $27,570,160 8.8%
Total Request (Excluding Transfers)$140,268,880 $153,201,947 9.2%
Ending Fund Balance $121,863,553 $132,854,956 9.0%P24I.
2018 Capital
2018 Budget
City Administrative Office $19,911,880
PPP Development Rental Housing $16,400,000
Fleet –General Fund Departments $865,250
Fleet –Parks and Open Space Fund $591,500
Rio Grande Building Renovation $500,000
Water Place Phase II –Design $450,000
City Hall Armory –Design $443,500
Annual Concrete Replacement $435,000
Utilities Equipment Storage Building $350,000
Ground Water Additional Drilling $300,000
All Other Projects < $300,000 $6,718,317
Total Capital Outlay $46,965,447
17 P25I.
2018 Debt Service
2017 Adopted
Budget
2018 Proposed
Budget
Debt Service Fund (ISIS Theater)$595,270 $595,270
Debt Service Fund (Parks Bonds)$3,041,000 $3,041,100
Debt Service Fund (Police Department)$1,155,040 $1,156,450
Debt Service Fund (Admin. Offices -Estimated)N/A $1,012,100
Truscott Housing Fund $707,600 $707,700
Marolt Housing Fund $390,200 N/A
Water Utility Fund (Land Acquisition -Estimated)N/A $192,000
Electric Utility Fund (Castle Creek Energy Center)$357,900 $2,326,800
Golf Course Fund (Facility)$186,550 $127,750
General Fund (McKinstry Energy Efficiency Project)$48,940 $48,940
Total Debt Service $6,323,580 $9,208,190
18 P26I.
Questions?P27I.
General Fund
20
•Share of County Sales Tax: 3.0% Increase
•Property Tax (25% Split): 5.2% Increase
•Overhead Allocations: 8.1% Increase
•Department Collections: 9.9% Increase
Department Related
Collections
$12,418,900
GF Overhead
Allocations
$5,190,100
City Share of
County Sales Tax
$9,076,000
Property &
Ownership Tax
$2,034,400
Occupation
Taxes
$1,571,000
Transfers
$1,424,260
Other Revenues
$400,370
Revenues = $30,690,770
$303,160
$103,550
$188,990
$444,000
$1,066,700
$2,305,500
$8,007,000
$0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000
All Other Depts
Env. Health
Police
Streets
Engineering
Recreation
Community Development
P28I.
General Fund
21
Administrative
Plus Grants
$8,594,450
ComDev and
Engineering
$5,182,550
Recreation
$4,690,830
Police
$5,349,820
Parks
(Downtown)
$147,890
0%
Streets
$1,968,990
Environmental
Health
$713,550
Events
$846,510
IT Overhead
$1,010,400
3%
Transfers
$4,485,630
14%
Uses = $32,990,620 •Base Budget: 0.8% Decrease
2017 One-Time Appropriations ($466K)
Turnover in Higher Level Positions
•New Supplementals: 4.3% Increase
Facility Related: $305K
Outreach: $300K
Enforcement: $278K
Internal Operations: $172K
Recreation and Transit: $87K
•Transfers: 80% Increase
Re-Appropriate $2.0M Reserve to AMP
Debt Service of $1.9M for APD / Admin Offices P29I.
General Fund: Supplementals
22
•Managers Office: $221,800
Business Analyst (1.0 FTE -Termed) -$89,120
Management Analyst II (1.0 FTE) -$88,970
Management Analyst Intern -$20,710
Citizens Academy -$23,000
•Finance and Human Resources: $184,000
Tax Auditor (1.0 FTE) -$92,000
1-Year Support Services Contract (ERP) -$92,000
•Asset Management: $293,610
Asst. Capital Asset Manager (1.0 FTE) -$122,610
Placeholder for Utilities / Maintenance Police Dept. Building -$171,000
P30I.
General Fund: Supplementals
23
•Planning and Building: $131,420
Zoning Enforcement Supervisor (1.0 FTE) -$95,520
Ersi Contract Hours (GIS) -$10,000
Utilities / Custodial Services at Mill Building -$10,900
Development Review Services Contract: $15,000
•Police: $99,060
Human Services Officer (1.0 FTE) -$99,060
•Env. Health / Canary: $59,450
Climate and Efficiency Specialist (1.0 FTE -Termed) -$44,040
Operational / Maintenance Costs for EV Charging Stations -$15,410
P31I.
General Fund: Supplementals
24
•Engineering: $80,000
Ersi Contract Hours (GIS) -$5,000
Inspection and Review Services Contract: $75,000
•Recreation: $71,100
Recreation Specialist II for Day Camp (1.0 FTE) -$46,100
Adult Fitness Temporary Labor Funding -$25,000
P32I.
General Fund
25
Net Change to Fund Balance: $377,510
$0
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
$40,000,000
2017 Forecast 2018 2019 2020 2021 2022
Ending Fund Balance Revenue Expense 25% Reserve Requirement
P33I.
2018 Grants
26
2017 Budget 2018
Request
2018
Recommended
Percent
Change
General Fund -Community Non-Profits $222,910 N/A $150,870 (32%)
General Fund -Health and Human Services $445,010 $486,840 $453,910 2%
General Fund -Other Non-Profits $434,070 $603,050 $442,750 2%
General Fund –Monetary $1,101,990 $1,089,890 $1,047,530 (5%)
Parks and Open Space –Monetary $33,500 $21,000 $21,000 (37%)
Wheeler Opera House Fund –Monetary $350,000 $652,000 $400,000 14%
Total Monetary Grants $1,485,490 $1,762,890 $1,468,430 (1%)
General Fund –In Kind *$53,150 $61,000 $61,000 15%
Parks and Open Space –In Kind $700 $0 $0 (100%)
Wheeler Opera House Fund –In Kind $0 $7,000 $14,500 N/A
Total In-Kind Grants $53,850 $68,000 $75,500 40%
Total All Grants $1,539,340 $1,830,890 $1,544,030 0%
* Recreation In-Kind Grants do not reflect rent waiver for Silver City Gymnastics or Junior Hockey Fall Face -Off ice time.P34I.