1 / 42

FY 2012 Budget Workshop #2

FY 2012 Budget Workshop #2. July 27, 2011. Town Council Budget Workshop Introduction. Richard J. Lemack Town Administrator July 27, 2011. FY 2012 Budget Outlook. No Millage Rate Increase (maintain current millage rate) No Fire Assessment Increase

eyal
Télécharger la présentation

FY 2012 Budget Workshop #2

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FY 2012 Budget Workshop #2 July 27, 2011

  2. Town Council Budget Workshop Introduction Richard J. Lemack Town Administrator July 27, 2011

  3. FY 2012 Budget Outlook • No Millage Rate Increase (maintain current millage rate) • No Fire Assessment Increase • No Use of General Fund Undesignated Reserves (with the exception of CIP) • No Layoffs • No Reduction of Services • Reduced Voted Debt Millage • Reduced Solid Waste Assessment

  4. Today’s Agenda • Discuss budget revisions made since the June 14th Budget Workshop • CIP presentation • Endowment presentation • Discuss upcoming meetings

  5. Town of Davie FY 2012 Budget

  6. Town of Davie TotalProposed Budget Adopted FY 2011 Budget - $191.5 MillionProposed FY 2012 Budget - $148.8 Million Decrease of $42.7 million or 23% mainly due to W&S Capital Projects and CRA reserves appropriation

  7. FY 2012 Proposed Budget

  8. General Fund FY 2012 Proposed Budget

  9. FY 2012 Proposed Budget General Fund June 14, 2011 – General Fund 2012 Budget $93,007,687 July 27, 2011 – General Fund 2012 Budget $93,650,645 Budget Increase $ 642,958

  10. Notable General Fund Revenue Changes • Appropriated $1.2 million from General Fund Reserves for FY 2012 CIP • Appropriated $615k from Voted Debt Reserves • Reduced Ad Valorem Voted Debt Revenues ($615k) • Reduced Solid Waste Franchise Fees ($65k) • Reduced Building Reserves ($392k)

  11. Millage Rate Options • Current millage rate: 4.8124 • Allowable with simple majority vote • No advertised tax increase • Estimated ad valorem revenue of $30,047,732 (at 95% receipt rate) • Rolled-back millage rate: 4.8656 • Allowable with simple majority Vote • No advertised tax increase • Estimated ad valorem revenue increase $332,171 (at 95% receipt rate) • Maximum majority vote millage rate: 5.2815 • Allowable with simple majority vote • No advertised tax increase • Estimated ad valorem revenue increase $2,928,973 (at 95% receipt rate)

  12. Property Tax Revenue & Millage Rate Comparison ($ millions)

  13. Estimated Homeowner’s OperatingAd Valorem Tax Reduction FY2012 For Fiscal Year 2012, assume a 1.2% drop in assessed value.

  14. FY 2012 – Revenue • One-time revenue sources for the General Fund - $3,713,407 • Cost Allocation Plan, recapture previous years - $428,790 • School Resource Officers – Utilize Forfeiture Funds - $678,140 • Utilize Vehicle Maintenance Fund – $1,000,000 ($571,000 Reserves; $429,000 Operations) • Utilize Self Insurance Fund Reserves – $1,615,625

  15. General Fund Expenditures (in millions) Adopted FY 2011 Budget - $91.18 MillionProposed FY 2012 Budget - $93.65 Million Increase of $2.47 million or 2.7%

  16. Projected 2012 General Fund Expenditures by Category

  17. Projected 2012 General Fund Expenditures by Department

  18. Notable General Fund Expenditure Changes • Transfer $1.2 million of General Fund Reserves for FY 2012 CIP • Remove the 7 new/proposed Building Division positions – ($541k) • Eliminated the Project Manager position in Public Works – ($117k) • Added two part-time positions in Budget and Finance - $47k

  19. Personnel Summary COLAs andSteps Budgeted for FY 2012 • Police (per current contract) – $420,000 • Not Topped Out Employees - 5% step increase on anniversary (3.5% for New Employees) • Topped Out Employees – 2.5% step increase on Oct 1 • Fire - $0 - Ongoing Contract Negotiations • FOPA Civilian (per current contract) - $284,000 • Not Topped Out Employees - 5% Step Increase • Topped Out Employees – 2% COLA on Oct 1 • Executive, Management and Non-Represented Employees and Town Council - $0 • 0% Step (3rd consecutive year) • 0% COLA (second time over three years)

  20. Est. Property Tax Bill Reduction in FY2012 for aSingle Family Home with $200,000 Taxable Value in FY2011 The above reflects the Town of Davie’s portion of the tax bill only.

  21. FY 2012 Comparison of the Est. Property Tax Bill Utilizing $614,500 Voted Debt ReservesSingle Family Home with $200,000 Taxable Value in FY2011

  22. Discussion • What Still May Change • Utilities - Capital Projects • CRA - Reserves / Capital Projects • Golf Fund • State Revenue Estimates • IAFF Negotiations • Red Light Cameras • General Discussion about FY 2012 Budget

  23. Capital Improvements Program

  24. FY12-16 Capital Improvements Program • 60 projects in the FY12-16 CIP Program. - $93.1 million • 28 projects scheduled for FY12 CIP Year. - $46.4 million

  25. FY12 CIP Budget per department 26

  26. FY12 General Fund (GF) Reserves 15 projects are proposed to be funded by GF Reserves, totaling $1.169 million in FY12 CIP Year. 27

  27. FY12 GF Reserves Projects Fire - Cardiac Monitor Equipment - $60,000 - Chest Compression - $12,500 - EMS Ambulance - $150,000 - Field Operations Center (FOC) - $100,000 - Fire Hoses - $70,000 - SCBA Air Bottles - $50,000 Parks and Recreation - PI Park Multipurpose Center ADA Improvements - $20,000 - PI Pool Heater and Cooler - $17,000 28

  28. FY12 GF Reserves Projects Parks and Recreation PI Pool Leak Repair - $60,000 PI Pool Vacuum - $10,000 Public Works Air Conditioner Evaluation - $20,000 Asphalt Overlay - $400,000 Guardrail Installation - $50,000 Police Department HVAC - $130,000 Wind Vulnerability Building Assessment - $60,000 29

  29. Program Highlights • ADA Improvements to Pine Island Park Multi-purpose Center Entrance • College Avenue Improvements (SR84 to Nova) • FOC Improvements (Bamford Park) 30

  30. Discussion / Questions / Comments

  31. Community Endowment Grant Program

  32. Community Endowment Grant Program • Transition from Donation to Grant Program • Current process – Donations • Donation Quarterly Reporting

  33. Grant Program • Non-profit tax exempt status • Grant agreement • Site visits • Required Quarterly Reports 34

  34. Endowment Balance Yearly allocation increases, balance decreases Current Endowment balance is $950,000 35

  35. Proposed FY12 Cycle 1. Interested agencies submit documentation: • Proof of non-profit tax exempt status • Organization and impacts on Davie residents • Financial Documentation • Quarterly Reports (if previously funded) 2. Staff conducts site visits and completes analysis of submitted documentation. 36

  36. Proposed FY12 Cycle 3. At a Council workshop, funding will be distributed based on a pre-determined cap. 4. Recipient agencies will be required to execute a grant agreement detailing site visits and quarterly reports. 37

  37. Community Endowment Future Evaluate the grant program to determine if any changes are necessary. Create a grant application for the FY13 cycle. 38

  38. Endowment Cap – FY2012 At this workshop, we are recommending that Council set a Endowment cap of $250,000 for FY12. This funding amount would bring the Endowment back to its FY08 funding allocation. 39

  39. Discussion / Questions / Comments

  40. Dates / Meetings • Next Workshop (Community Endowment / Budget) • August 17th at 4:00pm • Budget Hearings • September 7th & 21st at 5:01pm (coincide with Council meetings) • Special Assessment Hearing • September 14th, Noon

  41. Thank You

More Related