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City of Oak Ridge FY 2013 Budget Overview

Detailed overview of the City of Oak Ridge's FY 2013 budget, including budget assumptions, fund balances, positional changes, major capital projects, and budget schedule for public hearings and readings.

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City of Oak Ridge FY 2013 Budget Overview

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  1. City of Oak RidgeFY 2013 Budget Overview By: Mark S. Watson, City Manager Janice E. McGinnis, Finance Director

  2. 2013 Budget Assumptions • Retention of current $2.39 property tax rate • Retention of a minimum fund balance of $5,000,000 in General Fund • Municipal salaries include a pay adjustment of 1.5% • Approval of President’s Day as additional City holiday • Incorporation of new Waterworks rates and scheduled rate changes for Jan. 1, 2013 • New Utility debt estimated at $9M to be issued during the budget year

  3. General Fund Appropriation and School Operation Transfer Oak Ridge Schools Operating Transfer $14,629,302 General Fund Appropriation $19,453,250 General Fund Appropriation and School Operation Transfer Remain at 2012 Levels Maintaining $2.39 Property Tax Rate

  4. 2013 Positional Changes • 9 Positions Added in Fiscal 2013 Budget due to the EPA Administrative Order • A 3-position Pump Maintenance Crew starts in September 2012. • Hiring of a 6-position MOM Gravity Line Crew has been delayed to January 2013. • 2013 Budget Reflects Departmental Restructurings • Restructurings accomplished while maintaining current position levels.

  5. Major Capital Projects • Woodland Elementary School • Building Repairs - $400,000 • Roane State Community College Contribution • 2nd Installment - $250,000 • Jackson Square (TDOT Grant Match) • Revitalization- $280,000 • Clean TN Energy Grant Program (Grant Match) • Lighting, HVAC, & Insulation Projects - $250,000 • ADA Improvements • Briarcliff Park - $30,000 • Rowing/Marina Improvements • Private Funding Match- $25,000 • Misc. Recreation Maintenance Improvements • Includes ball field lights and pole replacement- $80,000 • Misc. City Maintenance Improvements • Includes Fire Station HVAC - $73,172

  6. 2013 Budget Schedule • May 14, 2012 • School Budget Presentation to Board of Education at 5:30 pm. • Public Hearing and First Reading of City Budget Ordinance at 7:00 pm. • May 24, 2012 • School Board Adoption of School Budget • May 29, 2012 • School Board Chairman to present to Budget Highlights • Public Hearing and Second Reading of City Budget Ordinance

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