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FY 2011 Budget Process Overview of City Manager’s Budget Proposal

FY 2011 Budget Process Overview of City Manager’s Budget Proposal. ACPS School Board Thursday, February 18, 2010. City Operating Fund Summary. FY 2010 Approved Budget: $530.0 million FY 2011 Proposed Budget: $534.1 million $ Change: $4.1 million % Change: 0.8%. City Revenue Picture.

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FY 2011 Budget Process Overview of City Manager’s Budget Proposal

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  1. FY 2011 Budget ProcessOverview of City Manager’s Budget Proposal ACPS School BoardThursday, February 18, 2010

  2. City Operating Fund Summary • FY 2010 Approved Budget: $530.0 million • FY 2011 Proposed Budget: $534.1 million • $ Change: $4.1 million • % Change: 0.8%

  3. City Revenue Picture • Total Real Estate Assessments: -7.45% • Real Estate: 56% of General Fund Revenue • Real Estate Tax Rate: $0.973 vs. $0.903 • Even with 7 cents real estate property tax increase: FY11 property tax revenues are almost same as in FY10

  4. FY2011 City Transfer to ACPS • Requested By ACPS: $168.6 million • Included in City’s Budget: $167.9 million • Difference: $0.7 million • City Transfer to ACPS: 31% of City Total Operating Fund Budget

  5. Average City Revenue Per Student

  6. Three-Year Comparison of City Appropriation

  7. Proposed Changes in City Compensation • Total decrease in FTE’s: 125.0 • Step: $2.8 million • No Market Rate Adjustment (MRA) and No Furlough • Health Care Premiums: 12% increase for United Healthcare and 6% increase for Kaiser

  8. Proposed Changes in Health Care • Health Care Cost Sharing Rates: 13%-33% Employee’s share of premiums • Health Care Cost Sharing Rates will increase • Current Employees: 3% greater share in FY2011 • New Employees: 20% of premium cost sharing rate • Projected Savings: $0.75 million

  9. Proposed Changes in Retirement • Retirement Costs increased by 5.2% or $1.6 million (VRS & Supplemental) • Other Post Employment Benefits-OPEB: decreased by $1.0 million • Estimated Unfunded Liability: $86.5 million

  10. City Budget Changes by Department From FY 2010 to FY 2011 • Legislative & Executive: 4.4% • Courts & Constitutional Officers: 2.1% • Education: 2.0% • General Government & Operating Agencies: 0%

  11. Impact on ACPS & Alexandria Children • Education: 2% increase • Public Safety • Creation of an Emergency Communication Department • 1.4% increase for Fire Department • 2.7% increase for Building & Fire Code • Creation of an Emergency Communication Department • -2.8% for Police Department

  12. Impact on ACPS & Alexandria Children • Health & Welfare • -3.5% for human services • 6.5% increase for mental health/mental retardation/substance abuse services • 2.6% increase for health department • Library: 2.8% increase • Parks, Recreational and Cultural Services: 1.9% increase

  13. Timeline • School Board Adopts Budget on March 4 • City Council announces tax rate changes for advertising purposes on March 13 • Joint City Council School Board meeting on March 15 • Late March?: State budget adopted

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