HomeMy WebLinkAboutResolution 2011-055 adopting the FY 2011-2012 tentative budget MARANA RESOLUTION NO. 2011-55
RELATING TO BUDGET; ADOPTING THE FISCAL YEAR 2011 -2012 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 May 24, 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 21, 2011, 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 21, 2011; 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 justify a temporary re- allocation of construction
sales tax revenues in the Town of Marana's fiscal year 2011 -2012 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 2011-
2012.
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
year 2011 -2012 to the general fund and the other one half to the separate account for
transportation capital improvements.
Marana Fiscal Year 2011 Budget Resolution - 1 -
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN
OF MARANA, ARIZONA, this 24 day of May, 2011.
Mayor Ed onea
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�tyn C ronson, Town Clerk s�SEAL
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APPROVED AS TO FORM:
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Mama Fiscal Year 2011 Budget Resolution -2-
TOWN OF MARANA EXHIBIT A
PROPOSED TENTATIVE BUDGET
FISCAL YEAR 2011 -2012
COMMUNITY REVOLVING
GENERAL DEVELOPMENT AFFORDABLE IMPROVEMENT
FUND BLOCK HOUSING DISTRICT BONDS
Revenues
Sales taxes $ 20,001,725 $ - $ - $ -
Property taxes - - - -
Other agency 6,979,466 - - -
Licenses, fees and permits 1,994,250 - - -
Charges for services 955,470 - - -
Fines and forfeiture 660,000 - - -
Grants and contributions 20,511 285,000 100,000 -
Investment income 90,000 - - -
Miscellaneous 544,547 - - 110,000
Total Revenues 31,245,969 285,000 100,000 110,000
Expenditures
Personnel and benefits 20,157,992 - - -
Contracted services 4,831,129 - 75,000 110,000
Operating supplies & equipment 3,169,365 285,000 - -
Capital outlay 1,874,923 - - -
Debt service - - - -
Total Expenditures 30,033,409 285,000 75,000 110,000
Excess (deficiency) of revenues over
expenditures 1,212,560 - 25,000 -
Other financing sources (uses)
Transfers in - - 194,150 -
Transfers out (2,909,840) - - -
Bond proceeds - - - -
Total other financing sources (uses) (2,909,840) - 194,150 -
Changes in Fund Balances (1,697,280) - 219,150 -
Projected Beginning Fund Balance 16,000,000 - 90,500 -
Ending Fund Balance $ 14,302,720 $ - $ 309,650 $ -
PAGE 1 OF 7
TOWN OF MARANA EXHIBIT A
PROPOSED TENTATIVE BUDGET
FISCAL YEAR 2011 -2012
FILL -THE- LOCAL
GRANTS AND HOME JCEF GAP TECHNOLOGY
CONTRIBUTIONS FUND FUND FUND FUND
Revenues
Sales taxes $ - $ - $ - $ - $
Property taxes - - -
Other agency 1,228,308 250,000 - -
Licenses, fees and permits - - - -
Chargesforservices - - - - -
Fines and forfeiture 50,000 - 14,000 2,700 110,000
Grants and contributions 172,620 - - - -
Investment income 1,615 - - - -
Miscellaneous - - - - -
Total Revenues 1,452,543 250,000 14,000 2,700 110,000
Expenditures
Personnel and benefits 168,515 - - - 34,615
Contracted services 68,000 - 35,800 - 20,000
Operating supplies & equipment 1,279,886 - - 31,000 232,614
Capital outlay 283,606 250,000 5,000 - -
Debt service - - - - -
Total Expenditures 1,800,007 250,000 40,800 31,000 287,229
Excess (deficiency) of revenues over
expenditures (347,464) - (26,800) (28,300) (177,229)
Other financing sources (uses)
Transfers in - - - - -
Transfers out - - - - -
Bond proceeds - - - - -
Total other financing sources (uses) - - - - -
Changes in Fund Balances (347,464) - (26,800) (28,300) (177,229)
Projected Beginning Fund Balance 780,000 - 26,800 28,300 177,229
Ending Fund Balance $ 432,536 $ - $ - $ - $ -
PAGE 2OF7
TOWN OF MARANA EXHIBIT A
PROPOSED TENTATIVE BUDGET
FISCAL YEAR 2011 -2012
LOCAL SOUTH DESERT
TRANSPORTATION HIGHWAY MMPC 2008 BENEFIT EDUCATION
ASSIST USER REVENUE BONDS AREA CENTER
Revenues
Sales taxes $ - $ - $ $ - $ -
Property taxes - - - -
Otheragency 27,453 2,025,885 - -
Licenses, fees and permits - - 240,100 30,000
Charges for services - - - -
Fines and forfeiture - - - - -
Grants and contributions - - - -
Investment income - 7,500 - - -
Miscellaneous - - - -
Total Revenues 27,453 2,033,385 - 240,100 30,000
Expenditures
Personnel and benefits - 577,718 - - -
Contracted services 117,000 1,580,075 - - -
Operating supplies & equipment - 173,000 - - -
Capital outlay - 173,910 269,701 291,000 -
Debt service - - - -
Total Expenditures 117,000 2,504,703 269,701 291,000 -
Excess (deficiency) of revenues over
expenditures (89,547) (471,318) (269,701) (50,900) 30,000
Other financing sources (uses)
Transfers in - - - - -
Transfers out - - - (607,535) -
Bond proceeds - - - - -
Total other financing sources (uses) - - - (607,535) -
Changes in Fund Balances (89,547) (471,318) (269,701) (658,435) 30,000
Projected Beginning Fund Balance 169,850 2,980,680 7,527,510 2,173,525 318,000
Ending Fund Balance $ 80,303 $ 2,509,362 $ 7,257,809 $ 1,515,090 $ 348,000
PAGE 3 OF 7
TOWN OF MARANA EXHIBIT A
PROPOSED TENTATIVE BUDGET
FISCAL YEAR 2011 -2012
NORTH PARK
BENEFIT IMPACT FEES TRANSPORTATION 1/2 CENT OTHER
AREA FUND FUND SALES TAX AGENCY
Revenues
Sales taxes $ - $ - $ 2,424,625 $ - $ -
Property taxes - - - - -
Otheragency - - - - -
Licenses, fees and permits 48,500 483,290 - - -
Charges for services - - - - -
Fines and forfeiture - - - - -
Grants and contributions - - - - 33,418,170
Investment income - - - - -
Miscellaneous - - - - -
Total Revenues 48,500 483,290 2,424,625 - 33,418,170
Expenditures
Personnel and benefits - - - - -
Contracted services - - - - -
Operating supplies & equipment - - - - -
Capital outlay 251,000 1,880,684 2,259,924 270,000 33,418,170
Debt service - - - - -
Total Expenditures 251,000 1,880,684 2,259,924 270,000 33,418,170
Excess (deficiency) of revenues over
expenditures (202,500) (1,397,394) 164,701 (270,000) -
Other financing sources (uses)
Transfers in - - - - -
Transfers out - - (2,110,488) - -
Bond proceeds - - - - -
Total other financing sources (uses) - - (2,110,488) - -
Changes in Fund Balances (202,500) (1,397,394) (1,945,787) (270,000) -
Projected Beginning Fund Balance 1,390,152 3,459,920 3,493,432 758,459 -
Ending Fund Balance $ 1,187,652 $ 2,062,526 $ 1,547,645 $488,459 $ -
PAGE 4 OF 7
TOWN OF MARANA EXHIBIT A
PROPOSED TENTATIVE BUDGET
FISCAL YEAR 2011 -2012
PIMA NORTHEAST 1997 MMPC
COUNTY REGIONAL BENEFIT SERIES
BONDS TRANSPORTATION AREA CFD CAPITAL BONDS
Revenues
Sales taxes $ $ - $ $ - $ -
Property taxes - - - 74,332 -
Other agency 1,436,759 2,524,500 - - -
Licenses, fees and permits - - 323,750 - -
Charges for services - - - - -
Fines and forfeiture - - - - -
Grants and contributions - - - 150,000 -
Investment income - - - - -
Miscellaneous - - - - -
Total Revenues 1,436,759 2,524,500 323,750 224,332 -
Expenditures
Personnel and benefits 215,093 - - - -
Contracted services - - - 864,250 -
Operating supplies & equipment - - - - -
Capital outlay 1,221,666 2,524,500 - 3,950,000 -
Debt service - - - - 369,843
Total Expenditures 1,436,759 2,524,500 - 4,814,250 369,843
Excess (deficiency) of revenues over
expenditures - - 323,750 (4,589,918) (369,843)
Other financing sources (uses)
Transfers in - - - - 369,843
Transfers out - - - - -
Bond proceeds - - - - -
Total other financing sources (uses) - - - - 369,843
Changes in Fund Balances - - 323,750 (4,589,918) -
Projected Beginning Fund Balance - - 995,520 113,860 -
Ending Fund Balance $ - $ - $ 1,319,270 $ (4,476,058) $ -
PAGE 5OF7
-TOWN OF MARANA EXHIBIT A
PROPOSED TENTATIVE BUDGET
FISCAL YEAR 2011 -2012
2003 MMPC 2004 MMPC 2008 MMPC TANGERINE
SERIES SERIES SERIES FARMS ID CFD DEBT
BONDS BONDS BONDS DEBTSVC SVC
Revenues
Sales taxes $ - $ - $ $ - $ -
Property taxes - - - - 439,631
Otheragency - - -
Licenses, fees and permits - - - - -
Charges for services - - - - -
Fines and forfeiture - - - - -
Grants and contributions - - - - 409,633
Investment income - - - - -
Miscellaneous - - - 2,110,132 -
Total Revenues - - 2,110,132 849,264
Expenditures
Personnel and benefits - - - - -
Contracted services - - - 1,500 -
Operating supplies & equipment - - - - -
Capital outlay - - - - -
Debt service 1,376,529 765,863 3,250,784 2,108,632 858,190
Total Expenditures 1,376,529 765,863 3,250,784 2,110,132 858,190
Excess (deficiency) of revenues over
expenditures (1,376,529) (765,863) (3,250,784) - (8,926)
Other financing sources (uses)
Transfers in 1,376,529 765,863 3,250,784 -
Transfers out - - - - -
Bond proceeds - - - - -
Total other financing sources (uses) 1,376,529 765,863 3,250,784 - -
Changes in Fund Balances - - - - (8,926)
Projected Beginning Fund Balance - - - - 543,250
Ending Fund Balance $ - $ - $ - $ - $ 534,324
PAGE 6 OF 7
TOWN OF MARANA EXHIBIT A
PROPOSED TENTATIVE BUDGET
FISCAL YEAR 2011 -2012
WATER WASTE TOTAL ALL
UTILITY AIRPORT WATER FUNDS
Revenues
Sales taxes $ - $ - $ - $22,426,350
Property taxes - - - 513,963
Otheragency - - - 14,472,371
Licenses, fees and permits 612,750 - - 3,732,640
Charges for services 3,494,167 241,000 1,854,969 6,545,606
Fines and forfeiture - - - 836,700
Grants and contributions - 5,697,747 - 40,253,681
Investment income 10,000 - - 109,115
Miscellaneous 8,309 10,800 75,000 2,858,788
Total Revenues 4,125,226 5,949,547 1,929,969 91,749,214
Expenditures
Personnel and benefits 1,347,015 43,431 348,101 22,892,480
Contracted services 848,962 125,735 415,000 9,092,451
Operating supplies & equipment 1,004,874 58,505 365,368 6,599,612
Capital outlay 2,465,500 5,697,747 22,201,500 79,288,831
Debt service 362,375 - - 9,092,216
Total Expenditures 6,028,726 5,925,418 23,329,969 126,965,590
Excess (deficiency) of revenues over
expenditures (1,903,500) 24,129 (21,400,000) (35,216,376)
Other financing sources (uses)
Transfers in - - - 5,957,169
Transfers out (217,146) (112,160) - (5,957,169)
Bond proceeds 1,000,000 - 21,400,000 22,400,000
Total other financing sources (uses) 782,854 (112,160) 21,400,000 22,400,000
Changes in Fund Balances (1,120,646) (88,031) - (12,816,376)
Projected Beginning Fund Balance 1,434,762 - - 42,461,749
Ending Fund Balance $ 314,116 $ (88,031) $ - $ 29,645,373
PAGE 7 OF 7