Transcript City of Sunbury Early Intervention Program Revenue and
City of Sunbury Early Intervention Program Revenue and Expenditures
Purpose of EIP Program
Improvement of Revenue Stream Reduction of Costs Operational Improvements Reduction/Transfer of Liability Improve Economic Development Opportunities
Early Intervention Goals
Develop and Review City Financials from 2003 - 2008 Develop Outyear Financial Projections for 2009-2013 Review Departmental Operations Prepare Consolidated Report Enactment of Recommendations
Financial Projections Expenditures to Exceed Revenues in Each of Next Five Years 2008 2009 2010 2011 2012 2013 Revenues
$ 4,306,811 $ 4,258,449 $ 4,284,973 $ 4,332,082 $ 4,352,998 $ 4,407,105
Expenditures
$ 3,965,193 $ 4,471,298 $ 4,806,366 $ 4,607,292 $ 5,221,479 $ 5,578,726
Variance
$ 341,618 $ (212,850) $ (513,563) $ (609,314) $ (877,182) $ (1,158,155)
Financial Projections
Trends Show Structural Deficits Relatively Strong Expenditure Controls – Wages – Health Care – Pension – Utilities – Insurances
Financial Projections
Revenue Growth Hampered by Factors – Property Assessments – Population Decline – Falling Tax Collection Rates – Outdated Fee Schedule – State Laws
General Operation Findings
Significant Need to Improve Facilities Change Form of Governance Restructure Budget Process Improve Employee Policies, Training and Supervision Increase Intergovernmental Cooperation
Revenue Enhancements
Reassessment of Properties Replace Occupational Assessment Tax with Earned Income Tax Enactment of Per Capita Tax Better Public/Private Partnerships Restructure Fee Schedule Improve Revenue Analysis
Expenditure Controls
Changes to Police Pension Fund Changes to Health Insurance Plans Increase Use of Technology Promote Risk Management Activities Support for Fire Companies Program-based Accounting/Budgeting Matching Funds for Grants
Known Unknowns
Effect of Recession on Economy Effect of Stimulus on City Finances and Regional Economy Increased Energy Costs in 2010 Increased Police Pension Costs in 2010 Current Employee and Post Retirement Health Benefit Costs
Known Unknowns
Reactions by Other Governmental Entities to Economic Woes New State and Federal Mandates Impact of County-wide EIT Collection Lawsuits, Arbitration Awards, Disasters, Capital Programs
City Plans Are Important
Visioning Plan Comprehensive Plan Recreation Plan Capital improvement Plan Succession Management Plan Outyear Financial Plan
What’s Next
March 23 rd April 13 th – Management Audit Presentation April 27 Audit th – Questions on Financials – Questions on Management Future – Enactment of EIP Recommendations and Phase II Grant Proposal
Contact Information
Robert Sabatini Director of Management Services Keystone Municipal Services, Inc.
267-718-3467