Transcript Town of Mamaroneck 2015 Preliminary Budget

TOWN OF MAMARONECK
2015 PRELIMINARY BUDGET
Public Hearing
December 3, 2014
2014 BUDGET GOALS
• Maintaining the Town’s Financial Stability
• Insure Adequate Reserve Funds
• Provide Flexibility for Future Budgets
• Address Deferred Maintenance Issues for
facilities and infrastructure
BUDGET ENVIRONMENT
• 2015 Budget reflects a slow but steady
improvement in the national and regional economy
• Notable improvement to Non-Tax Revenues for the
first time in a number of years
• Improved surplus position further strengthens our
financial strength
• Well positioned to continue all municipal services
PROPERTY TAX CAP LEGISLATION
• Originally Enacted in 2011
• Not a cap on the rate at which taxes are
apportioned; cap is on the total tax levy
• New wrinkle for 2015 provides for a property
tax rebate to property owners in communities
and school districts that adopt tax levies that
fall within the tax cap
COMPARISON OF TOWN TAX LEVY
VS. TAX CAP ALLOWED TAX LEVY
2012
2013
2014
2015
Actual
Tax Levy
21,344,240
22,342,535
22,994,635 23,448,445
Tax Cap
Levy
21,425,170
21,880,836
22,788,375 23,449,100
Actual %
Increase
2.8%
4.7%
2.9%
1.97%
Allowable
% Increase
3.23%
2.5%
2.0%
1.98%
2015 BUDGET OVERVIEW
2014
Appropriations
$33,019,546
Non-Tax
Revenue
Reserve
Application
Property Tax
Levy
2015
Change
%
Change
$34,320,994 $1,301,448
3.9%
9,809,911
10,512,549
702,638
7.2%
215,000
360,000
145,000
67%
$453,810
1.97%
$22,994,635 $23,448.445
PROPERTY TAX IMPACT
Village
Resident
Town
Taxes
Unincorp.
Resident
2014
2015
$517.00
$528.00
2014
2015
Town Tax $6,127.00 $6,226.00
Change
$11.00
%
Change
2.1%
Change
%
Change
$99.00
1.7%%
Calculation based upon average property assessment of $1.1 million
APPORTIONMENT OF TOWN BUDGET
Village Residents
Unincorporated
Area Residents
Appropriations
$11,525,170
$34,320,994
Non-Property Tax
Revenue
Surplus
Application
Tax Levy
7,115,625
10,512,549
200,000
360,000
$4,209,545
$23,448,445
Tax Rate
$.48/$1,000 of
valuation
$5.66/$1,000 of
valuation
Average Property
Tax
$528.00
$6,226.00
APPORTIONMENT OF TOWN BUDGET
BETWEEN UNINCORP. & VILLAGE
100%
90%
80%
70%
60%
50%
Unincorp
40%
Village
30%
20%
10%
0%
Approp
Revenue
Surplus
Tax Levy
WHERE WILL THE MONEY COME FROM ?
USE OF FEES AND CHARGES
• Growing trend of utilizing fees for service as
opposed to property taxes
• Property taxes based solely on property value not
use of services
• Fees give property owners more flexibility to
control their costs based upon the use of municipal
services.
USE OF FEES AND CHARGES
• Fees are not always an option: Police Service, Fire
Service, Highway Services don’t lend themselves to
user fees.
• Cannot forget that the property tax cap is also a
contributing factor to the use of fees and charges
particularly now when a rebate is being offered by
New York State Government.
• Well before the enactment of the Property tax cap
the Town realized the value of fees for certain
municipal services
TOWN’S USE OF FEES AND CHARGES
Activity
Budget
Total Revenue
Revenue as a
Percentage of
Budget
Recreation
Services
$2,728,192
$2,431,500
90%
Building
Services/Land
Use Permits
$694,589
$367,500
53%
Ambulance
Services
$1,455,857
$915,100
63%
Water District
$295,024
$295,024
100%
Sanitary Sewer
$206,513
$84,500
41%
WHERE WILL THE MONEY GO?
Expense Type
Expense Type
2014
2014
2015
Change
2015
Change
% change
Salaries
Salaries
$13,282,696
$13,282,696
Equipment
Equipment
$207,500
$207,500
Contractual
Contractual
Expenses
$8,903,745
$9,228,048
$324,303
3.6%
$8,388,275
$8,556,205
$167,930
2.0%
Expenses
Employee
Benefits
Employee
Debt Service
Benefits
Inter-fund
Transfers
$8,903,745
$1,861,330
$8,388,275
$376,000
$13,518,135$235,439$235,439
1.7%
$13,518,135
$211,420
$211,420
$3,9201.8%
$3,920
$9,228,048
$324,303
$2,436,186
30.8%
$8,556,205$574,856$167,930
$371,660
($4,340)
% change
1.7%
1.8%
3.6%
2.0%
(1.1%)
Debt Service
$1,861,330
$2,436,186
$574,856
30.8%
Inter-fund
Transfers
$376,000
$371,660
($4,340)
(1.1%)
2015 BUDGET EXPENSE HIGHLIGHTS
• Full Time headcount remains unchanged at 129
employees
• Three new part time positions-Code and Parking
Enforcement
$60,000
• Central Fleet Garage- Budget increase in
anticipation of joint venture with Village of
Larchmont for vehicle maintenance
$43,000
•
BUDGET HIGHLIGHTS CONTINUED
• Youth Programs-Reinstatement of Teen Escape
Program
$21,000
• Larchmont Library- anticipated 2% increase in
Town share
$23,800
• Joint Garbage Commission- Worker’s comp & other
expenses
$81,000
• Sustainability Collaborative-Implementation of
Sustainability Plan
$25,500
2015 CAPITAL IMPROVEMENT PROGRAM
•
Equipment
$ 630,000
•
Highway Improvements
•
Buildings
•
Sanitary Sewers
15,000
•
Storm Drainage
70,000
•
Recreation Facilities
46,200
•
Technology/Misc. Equipment
40,000
713,953
1,554,585
• Total
•
$3,069,738
Funding Sources
• Budget Appropriations
$ 325,100
• Grants In Aid
390,000
• Capital Project Funds
475,795
• Bond Anticipation Notes
$1,893,943
CAPITAL PROJECT HIGHLIGHTS
• Replacement of the Town Center Roof
$ 325,000
• Renovation to Police Headquarters
525,000
• Weaver Street Fire Headquarter Repairs
325,000
• Weaver Street Sidewalk Extension Project
393,000
• New Jefferson Street Parking Imp
178,000
• Replace of Premium Marsh Outfall Pipe
45,000
• Var. Repairs to Outdoor Hommocks Pool
Outdoor Recreation Facilities
• Larch. Reservoir Flood Valve Replacement
46,000
15,000
EXPENDITURE ILLUSTRATION BY TYPE OF
SERVICE