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

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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