Transcript FY2013 Budget Powerpoint Presentation

Accounting Details
• We show transfers as a separate line below personnel, operating
expense, and capital outlay so true cost of the department before
transfer will be reflected.
• 50% of Finance, IT, HR, Construction Manager, and Legal Department to
Enterprise Fund
• 15% of Mayor’s Office personnel (except Mayor) to Enterprise Fund
• City Hall cost split with all departments in building according to square
footage
• Definition of “total” budget can vary depending on inclusion of carry
forward. This presentation often excludes carry forward in order to
represent the “new” budget.
• Inclusion of “Use of fund balance” balances the total budget. It is
generally not used in the revenue graphs to highlight the new sources of
revenue. Use of fund balance offsets carry forward or is for one-time
capital projects selected to be spent from amounts saved in the fund
balance. Used for Enterprise Fund depreciation (non-cash).
City of Meridian – Total FY2013 Budget
$ 80,186,803

Total Budget increased
$14 million over FY2012
$12.5 million due to
increase in capital and
carry forward.

Percent of Change Year
Over Year
 Personnel + 2%
 Operating +7%
(mostly 1X items +
depreciation)
 Capital + 78%
 Carry Forward + 59%
 Enterprise Operating
includes depreciation
increase of $1.46 million
year over year
Enterprise Fund FY2013 Budget - $41,102,374
Comparisons to FY2012 Final Budget- $28,717,266
•
Total Budget Increased 43%
•
Operating cost Increased 8%
without depreciation it decreased
10%
– Removed $1.2 million dollars in
consulting funds
– Added $1.46 million in
depreciation
– $615,140 + Enhancements and
One-Time Operating
– No change in other line items
•
Capital Increased 131% and is 39 %
of the entire Enterprise Fund Budget
•
Carry Forward Capital increased 8%
•
Budget will be reduced when actual
Carry Forward is calculated at yearend. FY2012 Carry forward reduced
almost $3 million dollars
FY2013 Enterprise Fund Discretionary Revenue
•
•
•
•
$11.3 million dollars available for enhancements after calculation of base budget.
Total revenue minus total operating (not including depreciation) $10.3 million
$10.3 million income plus $ 5.7 million fund balance used to cover all capital
$5.4 million dollars fund balance used for FY2012 carry forward
FY2013 Enterprise Fund New Revenue and Carry Forward Calculation
Enterprise Fund Personnel and Operating
Enhancement Request - $ 874,149
 2 FTE Administrative Support Admin & Electrician WWTP
 Plans/Studies $410,000 (irrigation, source water master plan, aquifer
recharger)
Water FY2013 New Capital - $6,890,000
WWTP FY2013 New Capital - $8,741,000
Water Main Replacement $1 Million Dollars
Well Treatment (brown
water/quality) - $1.2
Million Dollars
Ground Reservoir - $3
Million Dollars
Land Acquisition North
Meridian
Reservoir/Booster/Well
Site - $500,000
Water FY2013 New Capital - $6,890,000
WWTP FY2013 New Capital - $8,741,000
Plant Improvements (odor
control, NPDES permit
preparation, plant upgrades,
system efficiencies) $4,606,000
Lab Expansion - $500,000
WWTP Admin Building $730,000
Reclaimed Water - $180,000
Sewer and Mainline
Replacements/Extensions $2,725,000
General Fund FY2013 Budget - $39,174,429
Compared to FY2012 Final Budget - $37,098,426
 Increase in Carry Forward
represents $1.6 million of the $2.7
million dollar change – Parks
carrying forward $3 million + for
maintenance building.
 Personnel increased 2%, 1.5 new
positions and 1% salary adjustment,
Police step plan
 Operating increased 7%, 1X
increase of $600,000 to make a
payment to Rural Fire District for
station #5, increase building
inspector fees for increase in
development activity
 $722,006 for replacement, vehicles
and computers
FY2013 General Fund Discretionary Revenue
•
$1.5 million dollars
available for
enhancements after
calculation of base budget
and capital replacements
•
$2 million dollars of fund
balance used per capital
improvement plan.
•
$5.5 million dollars of fund
balance used for FY2012
carry forward.
FY2013 Budget Estimated General Fund Revenue

Moderate 2% growth forecast for economic
growth related revenue streams like sales
tax, building permits, and new construction
property tax.

Revenue has been fairly flat-lined the last
three years

Short and long term revenue forecasts
ignore growth spurts

Election to take allowable property tax
increase made with respect to;
 Ability to finance 5 and 10 year Capital
Improvement , Replacement, and
Maintenance Plan
 Support current level of service
 Handle costs pushed to City by other
government agencies
 Changes in made by the Federal and
State government, i.e. Changes to
property tax statutes, changes to health
insurance
Ten Year Look Forward
FY2013 Property Tax

Existing foregone amount is
$1,144,265 and will not be
requested.

Taxable Value increased 4% (not
8.5% as presented in May
preliminary report to Council)

Numbers are still preliminary levy
rate goes from .004420897 (2011) to
.004549708 increase of .00007264
or $7.26 per $100,000

Property Tax Components that make
up $20.5 Million Dollars in Property
Tax
 New Construction Value of
$127 million = $570,000
property tax revenue
 Annexation revenue = $2,941
 Base Increase = $580,000
Tax Burden Split 2011 (last year)
 Residential = 57.46%
 Commercial = 42.54%
Property Tax Shifts due to HB645 & HB519
Legislative Tax Changes Exemptions
Tax Year
Speculative Land (645)
Exempted Market Value
Levy Rate
Tax Revenue
Site Improvements (519)
Exempted Market Value
Levy Rate
Tax Revenue
2012
2011
2010
$65,472,609
0.004549708
$297,881
$69,094,874
0.004477068
$309,342
$57,348,649
0.004089997
$234,556
$69,990,144
0.00454971
$318,435
Reduction in Taxable Value 2012
$135,462,753
Shift in Property Tax 2009 -2012
$1,320,207
2009
$45,800,110
0.003493281
$159,993
 These two exemption
categories alone
change our levy rate
from .00441684 to
.00454971
Residential Property
City of Meridian Change in Levy Rate
2012
2011
West Meridian
Assessed Value
$148,400
$146,660
Home Owners
Exemption
$74,350
$73,863
Taxable Value
$74,050
$72,797
Levy Rate
0.004550
0.004477
Tax
$337
$326
2008 Value
$233,600 5 Yr % Value Chg
South Meridian
Assessed Value
Home Owners
Exemption
Taxable Value
Levy Rate
Tax
2008 Value
West Meridian
Assessed Value
Home Owners
Exemption
Taxable Value
Levy Rate
Tax
2008 Value
Central Meridian
Assessed Value
Home Owners
Exemption
Taxable Value
Levy Rate
Tax
$205,600
%
Change
2%
$11
-36%
$204,900
0.34%
$83,974
$92,040
$121,626
$112,860
0.004550
0.004477
$553
$505
$289,100 5 Yr % Value Chg
2%
$48
-29%
$245,000
•
Homeowner exemption lowered
from $92,040 to $83,974 impacts
homes with value over $167,948.
•
Median sales price for home in
Meridian Quarter ending July 12,
2012 was $159,952 increase of
2.5% for the year.
•
Average listing price for week
ended August 8th, 2012 was
$245,727.
1%
$241,200
2%
$83,974
$92,040
$161,026
$149,160
0.004550
0.004477
$733
$668
$336,600 5 Yr % Value Chg
2%
$65
-27%
$108,600
$110,500
-1.72%
$54,300
$54,300
0.004550
$247
$55,250
$55,250
0.004477
$247
2%
$0
General Fund FY2013 Budget Request
•
•
•
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Personnel Enhancement Request - $140,422 1.5 FTE
Operating Enhancement Request - $14,132
1 X Operating Enhancement Request– $916,369
Administrative Budget Transfer to Enterprise Fund - $1,753,739
General Fund Community Development Department FY2013 Budget Request
•
North Meridian Planning
Public Outreach - $30,000
General Fund Administration FY2013
Budget Request
•
Total Replacement and
Enhancement Request $687,256
•
Public Information Officer
•
Additional emergency power
back-up for City - $170,000
•
Street Light Enhancements
including partnership with
MDC for split corridor $132,000
•
IT replacement servers and
computers - $237,472
General Fund – Parks and Recreation FY2013 Budget Request
Enhancement Request - $739,028
•
Maintenance Shop - $2.6
Million –
–
–
•
•
•
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FY2012 Budget Amendment
for $1 Million Dollars
FY2011 Budget $1.5 Million
– Field House - $600,000
removed from FY2013
Request
– Other Project Savings $50,000
Impact Fees - $368,859
Settlers Village Ph
#2/Borup Property
Pathways - $100,000
Split Corridor /Median $165,400
Kleiner Park - $87,400
General Fund – Public Safety FY2013 Budget Request
Enhancement Request - $2,884,342
•
Replacement Capital
Police - $243,500
Fire - $90,800
•
Fire – reimburse Rural
Fire $600,000 collected
in impact fees for
Station #5
•
Police - $2 Million
Dollars set aside toward
public safety training
center
•
Police - $80,000 for 2
additional fleet cars
City of Meridian
FY2012 Budget Amendment
August 21, 2012
City of Meridian
FY2012 Budget Amendment
City of Meridian
FY2012 Budget Amendment
City of Meridian
FY2012 Budget Amendment
City of Meridian
FY2012 Budget Amendment
City of Meridian
FY2012 Budget Amendment
• Summary of major FY2012 Amendments
• General Fund – 31 Amendments - $1,214,774
–
–
–
–
–
Parks Maintenance Facility - $1,050,000
Contracted Legal Expenses - $155,000
Borup Property Land Purchase - $93,000
Assistant City Clerk - $50,863
Carry forward Adjustment to Actual - ($453,782)
• Enterprise Fund – 7 Amendments – ($3,117,611)
– Carry forward Adjustment to Actual - ($2,969,926)
– Public Works Inspector III - $98,651
City of Meridian
FY2012 Budget Amendment
City of Meridian
FY2012 Budget Amendment
City of Meridian
FY2012 Budget Amendment
• Any Questions
Prepared by the City of Meridian
Department of Financial Management and
Planning
For More Information call City Hall
at 888 – 4433, email us at
[email protected] or check
out our City of Meridian website at
www.meridiancity.org – Finance
Department