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Home My WebLink AboutResolution 2010-052 adopting FY 2010-2011 tentative budgetMARANA RESOLUTION N0.2010-52 RELATING TO BUDGET; ADOPTING THE FISCAL 2010-2011 TENTATIVE BUDGET WHEREAS, in accordance with the provisions of Title 42, Chapter 17, Articles 1-5, Arizona Revised Statutes (A.R.S.), the Town Council did, on June 1, 2010, make an estimate of the different amounts required to meet the public expenditures/ expenses for the ensuing year, also an estimate of revenues from sources other than direct taxation, and the amount to be raised by taxation upon real and personal property of the Town of Marana, and WHEREAS, in accordance with said chapter of said title, and following due public notice, the Council will hold a public meeting on June 15, 2010, at which meeting any taxpayer is privileged to appear and be heard in favor of or against any of the proposed expenditures/expenses or tax levies, and WHEREAS the sums to be raised by taxation as specified in the budget attached hereto as Exhibit A may not exceed, in the aggregate amount, the expenditure limitation to be set by the Council on June 15, 2010; and WHEREAS the Town of Marana established a 4% construction sales tax by the adoption of Marana Ordinance No. 2001.01, and allocated three-fourths of that amount to a separate account to be used solely for transportation capital improvements by the adoption of Marana Resolution No. 2001-08; and WHEREAS the level of Town of Marana funding from other sources toward transportation capital improvements, together with the significant reduction in development-related revenues caused by the current economic downturn, justify a temporary re-allocation of construction sales tax revenues in the Town of Marana's 2011 budget. 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 tentative budget for the Town of Marana for the fiscal year 2010-2011. BE IT FURTHER RESOLVED that Marana Resolution No. 2001-08 is hereby modified by allocating one half of the 4% construction sales tax collected during fiscal Marana Resolution 2010-52 - 1 - Fiscal Year 2011 Budget year 2010-2011 to the general fund and the other one half to the separate account for transportation capital improvements. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 1St day of June, 2010. Jocelyn C. Bronson, Town Clerk .~`° - Mayor d Honea APPROVED AS TO FORM: ,~= Fssidy, Tow ttorney Marana Resolution 2010-52 - 2 - Fiscal Year 2011 Budget TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 Revenues Sales taxes Property taxes Other agency Licenses, fees and permits Charges fox services Fines and forfeiture Grants and contributions Investment income Miscellaneous Total Revenues Expenditures Personnel and benefits Contracted services Commodities Capital outlay Debt service Total Expenditures Excess (deficiency) of revenues over expenditures Other fmancing sources (uses) Transfers in Transfers out Bond proceeds Total other financing sources (uses) EXHIBIT A COMMUNITY REVOLVING DEVELOPMENT AFFORDABLE GENERAL FUND BLOCK HOUSING 1000 2000 2005 $ 18,983,515 $ - $ - 5,680,866 - - 1,676,250 - - 873,250 - - 735,000 - - 110,950 541,000 100,000 75,000 - - 568,789 - - 28,703,620 541,000 100,000 19,105,370 - - 4,430,443 - 75,000 3,236,408 541,000 - 1,241,400 - - 28,013,621 541,000 75,000 689,999 - 25,000 (2,615,706) - - (2,615,706) - - Changes in Fund Balances (1,925,707) - 25,000 Projected Beginning Fund Balance 14,500,000 - 30,000 Ending Fund Balance $ 12,574,293 $ - $ 55,000 PAGE 1 OF 9 TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 Revenues Sales taxes Property taxes Other agency Licenses, fees and permits Charges fox services Fines and forfeiture Grants and contributions Investment income Miscellaneous EXHIBIT A IMPROVEMENT GRANTS AND HOME JCEF DISTRICT BONDS CONTRIBUTIONS FUND FUND 2010 2015 2016 2030 $ - $ - $ - $ - - 850,000 250,000 - 110,000 - - - - 50,000 - 14,250 - 204,850 - - - 1,615 - - Total Revenues 110,000 1,106,465 250,000 14,250 Expenditures Personnel and benefits - 175,950 - 40,800 Contracted services 110,000 - - - Commodities - 994,373 - - Capital outlay - - 250,000 - Debt service - - - - Total Expenditures 110,000 1,170,323 250,000 40,800 Excess (deficiency) of revenues over expenditures - (63,858) - (26,550) Other financing sources (uses) Transfers in - - - - Transfers out - - - - Bond proceeds - - - - Total other financing sources (uses) - - - - Changes in Fund Balances - (63,858) - (26,550) Projected Beginning Fund Balance - 63,858 - 26,550 Ending Fund Balance $ - $ - $ - $ - PAGE 2 OF 9 TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 EXHIBIT A FILL-THE- LOCAL LOCAL HIGHWAY GAP TECHNOLOGY TRANSPORTATION USER FUND FUND ASSIST REVENUE 2035 2045 2055 2060 Revenues Sales taxes $ - $ - $ - $ - Pxoperty taxes - - - - Othex agency - - - 1,810,902 Licenses, fees and permits - - - - Chaxges fox services - - - - Fines and forfeiture 2,500 110,000 - - Gxants and contributions - - - - Investment income - - - 7,500 Miscellaneous - - - - Total Revenues 2,500 110,000 - 1,818,402 Expenditures Personnel and benefits - 33,855 - 633,131 Contracted services - - 175,000 1,116,075 Commodities 31,000 253,000 - 145,000 Capital outlay - - - 36,910 Debt service - - - - Total Expenditures 31,000 286,855 175,000 1,931,116 Excess (deficiency) of revenues over expenditures (28,500) (176,855) (175,000) (112,714) Other financing sources (uses) Transfers in - - - - Transfers out - - - - Bond proceeds - - - - Total other financing sources (uses) - - _ _ Changes in Fund Balances (28,500) (176,855) (175,000) (112,714) Projected Beginning Fund Balance 28,500 176,855 350,020 1,540,590 Ending Fund Balance $ - $ - $ 175,020. $ 1,427,876 PAGE30F9 TOWN OF MARANA EXHIBIT A PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 SOUTH NORTH BENEFIT DESERT BENEFIT AREA EDUCATION AREA PARK MMPC 2008 IMPACT CENTER IMPACT IMPACT BONDS FEES FUND FEES FEES FUND 2065 3000 3005 3010 3015 Revenues Sales taxes $ - $ - $ - $ - $ _ Property taxes - - - - - Other agency - - _ _ _ Licenses, fees and permits - 181,000 25,000 118,500 350,000 Charges for services - - - - - Fines and forfeiture - - - - Grants and contributions - - - - - Investment income - 7,500 750 2,500 12,250 Miscellaneous - - - - Total Revenues - 188,500 25,750 121,000 362,250 Expenditures Personnel and benefits 225,825 - - - - Contracted services - - - - - Commodities - - - - Capital outlay 7,301,685 500,000 - - 1,090,739 Debt service _ _ _ _ _ Total Expenditures 7,527,510 500,000 - - 1,090,739 Excess (deficiency) of revenues over expenditures (7,527,510) (311,500) 25,750 121,000 (728,489) Other financing sources (uses) Transfers in - - - - - Transfers out - - - - Bond proceeds - - - - - Total other financing sources (uses) - - _ _ _ Changes in Fund Balances (7,527,510) (311,500) 25,750 121,000 (728,489) Projected Beginning Fund Balance 7,527,510 311,500 264,000 1,351,875 2,568,450 Ending Fund Balance $ - $ - $ 289,750 $1,472,875 $ 1,839,961 PAGE 4 OF 9 TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 EXHIBIT A CFD TRANSPORTATION PIMA ASSOC 1/2 CENT CAPITAL FUND OF GOVTS SALES TAX 3500 3030 3035 3040 Revenues Sales taxes $ - $ 1,981,496 $ - $ - Property taxes 86,832 - - - Other agency - - 2,270,000 - Licenses, fees and permits - - - - Charges for services - - - - Fines and forfeiture - - - - Grants and contributions 150,000 - - - Investment income - 21,095 - - Miscellaneous - - - - Total Revenues 236,832 2,002,591 2,270,000 - Expenditures Personnel and benefits Contracted services Commodities Capital outlay Debt service 493,654 62,000 - - - 1,500,000 - - 1,800,000 1,590,843 2,270,000 718,000 - 44,695 - - Total Expenditures 2,293,654 3,197,538 2,270,000 718,000 Excess (deficiency) of revenues over expenditures (2,056,822) (1,194,947) - (718,000) Other financing sources (uses) Transfers in - - - - Transfers out - (2,251,868) - - Bond proceeds 2,000,000 - - - Total other financing sources (uses) 2,000,000 (2,251,868) - - Changes in Fund Balances (56,822) (3,446,815) - (718,000) Projected Beginning Fund Balance 195,713 3,614,460 - 1,144,940 Ending Fund Balance $ 138,891 $ 167,645 $ - $ 426,940 PAGE 5 OF 9 TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 EXHIBIT A PIMA NORTHEAST OTHER COUNTY REGIONAL BENEFIT AGENCY BONDS TRANSPORTATION AREA 3045 3050 3060 3065 Revenues Sales taxes $ - $ - $ - $ - Property taxes - - - - Other agency 37,800,000 1,373,321 17,747,425 - Licenses, fees and permits - - - 235,000 Charges fox services - - - - Fines and forfeiture - - - - Grants and contributions 15,450,000 - - - Investment income - - - 1,500 Miscellaneous - - - - Total Revenues 53,250,000 1,373,321 17,747,425 236,500 Expenditures Personnel and benefits - - - - Contracted services - - - - Commodities - - - - Capital outlay 53,250,000 1,373,321 17,747,425 - Debt service Total Expenditures 53,250,000 1,373,321 17,747,425 Excess (deficiency) of revenues over expenditures - - - 236 500 Other financing sources (uses) Transfers in - - - - Transfers out - - - - Bond proceeds - - - - Total other financing sources (uses) - - - - Changes in Fund Balances - - - 236,500 Projected Beginning Fund Balance - - - 506,780 Ending Fund Balance $ - $ - $ - $ 743,280 PAGE 6 OF 9 TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 Revenues Sales taxes Property taxes Other agency Licenses, fees and permits Charges for services Fines and forfeiture Grants and contributions Investment income Miscellaneous Total Revenues Expenditures Personnel and benefits Contracted services Commodities Capital outlay Debt service Total Expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Bond proceeds Total other financing sources (uses) Changes in Fund Balances Projected Beginning Fund Balance Ending Fund Balance 1997 MMPC DEBT SERIES SERVICE BONDS 4001 4002 2003 MMPC SERIES BONDS 4003 2004 MMPC SERIES BONDS 4004 $ - $ - $ - $ - - 376,115 1,380,729 747,050 - 376,115 1,380,729 747,050 - (376,115) (1,380,729) (747,050) - 376,115 1,380,729 747,050 - 376,115 1,380,729 747,050 $ - $ - $ - $ - EXHIBIT A PAGE70F9 TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 EXHIBIT A 2008 MMPC TANGERINE SERIES FARMS ID CFD DEBT WATER BONDS DEBT SVC SERVICE UTILITY 4005 4006 4006 Revenues Sales taxes $ - $ - $ - $ - Pxoperty taxes - - 517,128 - Other agency - - - - Licenses, fees and permits - - - 626,000 Charges fox services - - - 3,332,970 Fines and forfeiture - - - - Grants and contributions - 2,136,088 123,602 - Investment income - - - 10,000 Miscellaneous - - - 8,396 Total Revenues - 2,136,088 640,730 3,977,366 Expenditures Personnel and benefits Contracted services Commodities Capital outlay Debt service - - - 1,164,414 - - - 739,002 - - - 942,428 - - - 36,325,000 2,672,713 2,136,088 640,730 125,089 Total Expenditures 2,672,713 2,136,088 640,730 39,295,933 Excess (deficiency) of revenues over expenditures (2,672,713) - - (35,318,567) Other financing sources (uses) Transfers in 2,672,713 - - - Transfers out - - - (220,433) Bond proceeds - - - 35,250,000 Total other financing sources (uses) 2,672,713 - - 35,029,567 Changes in Fund Balances - - - (289,000) Projected Beginning Fund Balance - - 530,581 1,495,950 Ending Fund Balance $ - $ - $ 530,581 $ 1,206,950 PAGE 8 OF 9 r TOWN OF MARANA PROPOSED TENTATIVE BUDGET FISCAL YEAR 2010-2011 Revenues AIRPORT Total All Funds Sales taxes $ - $ 20,965,011 Property taxes - 603,960 Other agency 357,350 68,139,864 Licenses, fees and permits - 3,211,750 Charges for services 230,000 4,546,220 Fines and forfeiture - 911,750 Grants and contributions - 18,816,490 Investment income - 139,710 Miscellaneous 10,000 587,185 Total Revenues 597,350 117,921,940 Expenditures Personnel and benefits 42,067 21,421,412 Contracted services 77,653 7,278,827 Commodities 55,576 7,698,785 Capital outlay 393,527 125,888,850 Debt service - 8,123,209 Total Expenditures 568,823 170,411,083 Excess (deficiency) of revenues over expenditures Other financing sources (uses) Transfers in Transfers out Bond proceeds Total other fmancing sources (uses) 28,527 (52,489,143) - 5,176,607 (88,600) (5,176,607). - 37,250,000 (88,600) 37,250,000 Changes in Fund Balances (60,073) (15,239,143) Projected Beginning Fund Balance (3,466,650) 32,761,482 Ending Fund Balance $ (3,526,723) $ 17,522,339 PAGE 9 OF 9 EXHIBIT A