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Home My WebLink AboutPacket, Final Budget TOWN COUNCIL MEETING INFORMATION TOWN OF MARANA .~,o, (:... .....~ F'J '~RJZO\'l." MEETING DATE: July 5, 2005 AGENDA ITEM: IX. B. 6 TO: MAYOR AND COUNCIL FROM: Roy Cuaron, Finance Director SUBJECT: PUBLIC HEARING. Resolution No. 2005-84: Relating to Budget; adoption of the fiscal year 2005-2006 fmal budget. DISCUSSION On June 21, 2005, Mayor and Council adopted a tentative budget for fiscal 2005-2006. In adopting the tentative budget, Mayor and Council established the upper spending limits for the Town for the fiscal year. Adoption of Resolution No. 2005-84, which requires a public hearing, is the last formal step in the process of adopting the final budget. After receiving public input, Mayor and Council are being asked to adopt a final budget that shall not exceed $93,053,040. To the extent any changes do not cause an increase in the total budget, Council may choose to reallocate funding amongst departments and/or fund additional programs/services. Currently, staff does not anticipate any rea\1ocations from the tentative budget Staff has attached a summary copy of the budget as well as the official budget forms required by the State of Arizona's Auditor General's office as published for tonight's public hearing. Barring any other changes by Mayor and Council, staff recommends adoption of the final budget for fiscal 2005-2006 at $93,053,040. Upon adoption of the final budget, staff will publish and distribute to Council and department heads a bound budget document that provides more detailed information. RECOMMENDATION Staff recommends adoption ofthe fiscal year 2005-2006 final budget at $93,053,040. SUGGESTED MOTION I move to adopt Resolution 2005-84. Adoption of the Final Budget 06/29/2005; 2;56 PM; RC MARANA RESOLUTION NO. 2005-84 RELATING TO BUDGET; ADOPTING THE FISCAL YEAR 2005-2006 FINAL BUDGET. WHEREAS, on June 21, 2005, in accordance with the provisions of A.R.S. 942- 301 et seq., the Marana Town Council did make an estimate of the different amounts required to meet the public expenditures/expenses for the 2005-2006 fiscal year and did estimate the revenues to be received from sources other than direct taxation; and WHEREAS, the Marana Town Council held a public meeting on July 5, 2005 following due public notice where taxpayers that appeared were heard in favor of or against any ofthe proposed expenditures/expenses oftax levies; and WHEREAS, the sums to be raised by taxation as specified in the budget attached hereto as Exhibit A, as amended, do not, in the aggregate amount, exceed the expenditure limitation set by the Council on June 21, 2005. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana, Arizona, that the budget setting forth the estimates of revenues and expenditures/expenses, attached hereto as Exhibit A and incorporated herein by this reference, as increased, decreased or changed by the Town Council, is hereby adopted as the final budget for the Town of Marana for the fiscal year 2005-2006. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 5th day of July, 2005. Mayor ED HONEA ATTEST: Jocelyn C. Bronson Town Clerk APPROVED AS TO FORM: Frank Cassidy, Town Attorney TOWN OF MARANA FISCAL 2006 BUDGET SUMMARY Revenues Gross Town Sales Tax (Less Transport. Fund) Net c.r. Sales Tax Sales Tax Urban Revenue Auto Lieu Total State Shared (Other Agencies) Bldg. & Develop. Fees Fines & Forfeitures Franchise Fees Business Licenses investment Income Lease Income Park & Rec Fees NWFD Dispatch Income Other Total Permits, Licenses and Fees Total Recurring C.F. Revenues Court Fines & Fees - Amnesty Program Sales Tax Audit Revenues Developer Contributions Other Total Non Recurrin~ G.F. Revenues Total General Fund Revenues Transportation Fund 1/2 Cent Sales Tax HURF LTAF Impact Fee Income Other Agency Funds Subtotal- Transportation H.I.D.T.A. COPS Auto Theft CDBG/HOME Airport Grants Subtotal - Grants Total Restricted Revenues Water Revenues Airport Revenue Total Enterprise Funds Improvement District Bonds Total Other Financing Sources Total Fiscal Year Revenues Total Cash Reserves Total Available Resources Expenditures General Govenunent Mayor & Council Town Clerk Town Mgr. II.R. Finance DSC Administration Legal Building Planning Police Court Parks & Recreation Public Works O&M GIS IT Water Airport Community Development Capital Improvements Plan (CIP) TOTAL EXPENDITURES 6/29/2005 Budget Amount 23,140,122 (6.375.000) 16.765,122 1,327,897 1,418,744 650,000 3,396,641 5.388.153 450,000 200,000 87,000 612,500 468,000 76,000 740,417 130,000 8.152,070 28,313,833 200,000 150,000 300,000 320,000 970,000 29,283,833 6,375,000 4,340,135 1,172,249 116.881 1,500.000 25.012.100 38.516,365 62.208 267.760 69.445 205.000 5,484.750 6.089.163 44,605.528 3,106.976 129.000 3,235.976 8.000.000 8,000.000 85,125.337 7,927,704 93.os3.040 5,214,840 164,407 246,390 1,438,683 867,358 377,525 427,565 212,895 1,227,312 1,150,778 7,662,056 685,136 2,157,681 2,861,119 2,840,378 393,844 487,488 2,771,976 261,659 225,000 61,378,948 93.053,Q40 8:50 AM ~ ~ c ~ .". 8 "\ "': ; - ~ . \1~~ ~ %'~i~ g 1ii~IJl':n ~ ~S\~ 0. ~.. i. ~ l:l ,,~;~ ~ ~~%i. 9. ~~~~ ~ o G" ';) a \"'9. 9.' 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'" " ; 1!!. l:i \ ~ -- TOWN OF MARANA Summary by Fund Type of Revenues Other Than Property Taxes Fiscal Year 2005-06 ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES REVENUES SOURCE OF REVENUES 2004-05 2004-05- 2005-06 GENERAL FUND Local taxes Transaction Privilege (Sales) Taxes $ 19,092,344 $ 21,801,065 23,290,122 Licenses and permits Building & Development Fees 3,600,000 5,610,000 5,388,153 Business License Fees 86,000 87,000 87,000 Franchise Fees 230,000 180,000 200,000 Intergovernmental Auto Lieu Tax 650,000 591,000 650,000 State Shared Sales Tax 1,170,567 1,247,000 1,327,897 Urban Revenues 1,247,733 1,247,000 1,418,744 Charges for services Parks & Recreation User Fees 120,000 120,000 76,000 CFD Management Fees 75,000 25,000 75,000 Other Fees 130,000 515,000 90,000 NWFD Dispatch Fees 740,417 Fines and forfeits Court Fines & Forfeitures 700,000 515,000 650,000 Interest on investments Investment Income 350,000 385,000 425,000 Contributions Special Event Revenue 100,000 60,000 Developer Contributions 1,000,000 1,000,000 300,000 Miscellaneous Miscellaneous Fees & Income 175,000 245,000 Lease Income 467,000 467,000 468,000 Total General Fund $ 29,193,644 $ 33,850,065 $ 35,431,333 Includes actual revenues recognized on the modified accrual or accrual basis as of the dale Ihe proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. 4/05 SCHEDULE C Page 1 of 2 TOWN OF MARANA Summary by Fund Type of Revenues Other Than Property Taxes Fiscal Year 2005-06 ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES REVENUES SOURCE OF REVENUES 2004-05 2004-05' 2005-06 SPECIAL REVENUE FUNDS Highway User Revenue Fund Hiahway User Revenues $ 1,152,400 $ 1,135,000 $ 1,172,249 Total Highway User Revenue Fund $ 1,152,400 $ 1,135,000 $ 1,172,249 Local Transportation Assistance Fund L T AF Revenues $ 94,280 $ 142,000 $ 116,881 Total Local Transportation Assistance Fund $ 94,280 $ 142,000 $ 116,881 Grants $ $ $ Public Safety 311,195 311,195 399,429 COSG 205,000 205,000 205,000 Therapeutic/Other Grants 40,141 40,000 40,000 Total Grants $ 556,336 $ 556,195 $ 644,429 Impact Fee Fund $ $ $ Impact Fees 1,500,000 1,664,000 1,500,000 Investment Income 137,500 Total Impact Fee Fund $ 1,500,000 $ 1,664,000 $ 1,637,500 1/2 cent Sales Tax Fund $ $ $ Sales Tax Revenues 3,200,000 4,340,135 Investment Income 50,000 Total 1/2 cent Sales Tax Fund $ 3,200,000 $ $ 4,390,135 Total Special Revenue Funds $ 6,503,016 $ 3,497,195 $ 7,961,194 CAPITAL PROJECTS FUNDS CIP -Transportation $ 28,828,640 $ 25,012,100 CIP - Airport 4,337,400 290,000 5,484,750 CIP - Other 50,000 2,110,000 $ 33,216,040 $ 2,400,000 $ 30,496,850 Total Capital Projects Funds $ 33,216,040 $ 2,400,000 $ 30,496,850 ENTERPRISE FUNDS Water Utility Fund $ 2,561,440 $ 2,522,000 3,106,976 Airport Fund 129,000 115,000 129,000 $ 2,690,440 $ 2,637,000 $ 3,235,976 Total Enterprise Funds $ 2,690,440 $ 2,637,000 $ 3,235,976 TOTAL ALL FUNDS $ 71 ,603, 140 $ 42,384,260 $ 77,125,353 , Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. 4/05 SCHEDULE C Page 2 of 2 ___"",__~,.._~_............,......_~._C". ...,,~_.._<-~-. ."-'~-'-'-""'-"- TOWN OF MARANA Summary by Fund Type of Other Financing Sources/<Uses> and Interfund Transfers Fiscal Year 2005-06 OTHER FINANCING INTERFUND TRANSFERS 2005-06 2005-06 FUND SOURCES <USES> IN <OUT> GENERAL FUND Transporation Fund 6,462,500 Debt Service Funds 2,821,737 Airport Fund 132,659 CIP Fund 1,400,500 Total General Fund $ $ $ $ 10,817,396 SPECIAL REVENUE FUNDS HURF 1,172,249 LTAF 116,881 Impact Fees 1,637,500 1/2 Cent Sales Tax Fund 4,390,135 Total Special Revenue Funds $ $ $ $ 7,316,765 DEBT SERVICE FUNDS Series 1997 Bonds $ $ $ 798,205 $ Series 2000 Bonds 322,975 Series 2003 Bonds 1,375,932 Series 2004 Bonds 324,625 Total Debt Service Funds $ $ $ 2,821,737 $ CAPITAL PROJECTS FUNDS Tangerine Farms 1.0. $ 8,000,000 $ $ $ CIP - Transportation 13,779,265 CIP - Water 635,000 CIP - Other 1,400,500 Total Capital Projects Funds $ 8,000,000 $ $ 15,814,765 $ ENTERPRISE FUNDS Water Fund $ $ $ $ 635,000 Airport Fund 132,659 Total Enterprise Funds $ $ $ 132,659 $ 635,000 TOTAL ALL FUNDS $ 8,000,000 $ $ 18,769,161 $ 18,769,161 4/05 SCHEDULE D TOWN OF MARANA Summary by Department of Expenditures/Expenses Within Each Fund Type Fiscal Year 2005-06 ADOPTED EXPENDITURE/ BUDGETED EXPENSE ACTUAL BUDGETED EXPENDITURES/ ADJUSTMENTS EXPENDITURES! EXPENDITURESI EXPENSES APPROVED EXPENSES EXPENSES FUND/DEPARTMENT 2004-05 2004.05 2004-05. 2005-06 GENERAL FUND General Government $ 2,816,936 $ $ 2,700,000 $ 2,393,106 Mayor & Council 145,604 140,000 164,407 Town Clerk 262,425 230,000 246,390 Town Manager 870,735 900,000 1,408,683 Human Resources 713,883 725,000 867,358 Accounting & Finance 306,285 306,000 377,525 Legal 349,860 340,000 427,565 Development Services Admin. 2,720,387 2,700,000 212,895 Building Services 932,817 950,000 1,227,312 Planning & Zoning 723,881 725,000 1,150,778 Police 5,026,750 5,013,560 7,262,626 Court 589,120 530,000 685,136 Parks & Recreation 1,770,962 1,825,000 2,117,681 Public Works 1,910,195 2,400,000 2,861,119 Operations & Main\. 2,840,378 GIS 318,576 315,000 393,844 IT 266,679 270,000 487,488 Total General Fund $ 19,725,095 $ $ 20,069,560 $ 25,124,291 SPECIAL REVENUE FUNDS Grant Funds - Public Safety $ 311,195 $ $ 316,440 $ 399,429 Grant Funds - COBG 205,000 175,000 255,000 Grant Funds - DES 40,141 40,141 40,000 Total Special Revenue Funds $ 556,336 $ $ 531,581 $ 694,429 DEBT SERVICE FUNDS Series 1997 Bonds $ 797,148 $ $ 797,150 $ 798,205 Series 2000 Bonds 638,925 638,925 322,975 Series 2003 Bonds 1,378,829 1,378,830 1,375,932 Series 2004 Bonds 324,625 Total Debt Service Funds $ 2,814,902 $ $ 2,814,905 $ 2,821,737 CAPITAL PROJECTS FUNDS CIP - Transportation $ 42,442,000 $ $ 4,535,000 $ 48,754,398 CIP - Water 651,200 400,000 635,000 CIP - Municipal Complex 8,900,000 14,300,000 1,050,000 CIP - Airport 4,214,000 350,000 5,915,000 CIP - Parks 3,505,000 331,000 2,944,500 CIP - Other 5,052,000 4,359,000 2,080,050 Total Capital Projects Funds $ 64,764,200 $ $ 24,275,000 $ 61,378,948 ENTERPRISE FUNDS Water Utility Fund $ 1,474,113 $ $ 1,650,000 $ 2,771,976 Airport Fund 238,597 220,000 261,659 Total Enterprise Funds $ 1,712,710 $ $ 1,870,000 $ 3,033,635 TOTAL ALL FUNDS $ 89,573,243 $ $ 49,561,046 $ 93,053,040 ... Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year. 4/05 SCHEDULE E -..................-'-.-.---""..- - ._...n.._~'^C_..~~_.~~,__.~_, ..,<____" GLADDEN FARMS COMMUNITY FACILITIES DISTRICT AGENDA 11555 W. Civic Center Drive July 5, 2005 - AFTER 7:00 p.m. District Board Members: Chairperson Ed Honea Herb Kal Jim Blake Patti Comerford Tim Escobedo Carol McGorray Secretary Jocelyn Bronson I. CALL TO ORDER A. BOARD ACTION 1. GFCFD Resolution No. 2005-01: RELATING TO GLADDEN FARMS COMMUNITY FACo.lTIES DISTRICT; CONSIDERATION AND POSSIBLE ADOPTION OF A TENTATIVE BUDGET FOR FISCAL YEAR 2005-2006; SETTING A PUBLIC HEARING DATE ON SAID TENTATIVE BUDGET; Fo.ING CERTAIN STATEMENTS AND ESTIMATES, INCLUDING WITH RESPECT TO AMOUNTS TO BE PROVIDED FOR BY THE LEVY AND COLLECTION OF AD VALOREM TAXES ON THE ASSESSED VALUE OF ALL THE REAL AND PERSONAL PROPERTY IN THE DISTRICT; AND PROVIDING FOR NOTICE OF Fo.ING THE STATEMENTS AND ESTIMATES, AND NOTICE OF A PUBLIC HEARING ON THE BUDGET AND SUCH STATEMENTS AND ESTIMATES. U. ADJOURNMENT. 1