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Home My WebLink About01/14/2014 Council Presentation-Charting the CourseCharting the Course: FY2015 Marana Board Room January 14, 2014 www.marana.com Study Session Overview Strategic Vision, Values, Focus Areas, and Action Plans FY2014-2015 Budget Framework Council Direction Proposed strategic vision Marana's pioneering spirit leads us to reach new horizons. We embrace innovative thoughts that challenge the norm. Our commitment to success DQGH[FHOOHQFH drives us to think, plan, discover and take action; to be the community residents, WKDW businesses and visitors choose. 'HVFULSWLRQVPD\EHPRGLILHGWRHQKDQFHPHDQLQJ Dedicated service Serving the Town and greater interest of the community Fiscal responsibility Strong stewards of public funds Engaged innovation Challenging our organization to be better than the routine Strategic alliances Using partnerships to make the community stronger Strategic Plan III Focus Areas 3URSRVHGQHZIRUPDWXVLQJ WKHVHFKDUDFWHULVWLFV Diverse industries Thriving business environment Entrepreneurial spirit 3URSRVHGQHZIRUPDWXVLQJ WKHVHFKDUDFWHULVWLFV Safe, well-planned, well-maintained Opportunities for community engagement Balanced growth and quality development Quality amenities and reliable services Diverse interconnected neighborhoods 3URSRVHGQHZIRUPDWXVLQJ WKHVHFKDUDFWHULVWLFV Embrace change Be bold, visionary and efficient Intradepartmental collaboration Culture and systems drive advancement 3URSRVHGQHZIRUPDWXVLQJ WKHVHFKDUDFWHULVWLFV Remembering who we are Principled; decisive; stewards of resources; resourceful; courageous; hardworking; spirited Have instilled a culture of common sense, resolve, persistence, discipline, forward thinking/planning 3URSRVHGQHZIRUPDWXVLQJ WKHVHFKDUDFWHULVWLFV Healthy and active lifestyle opportunities Diverse recreational amenities Showcasing the Sonoran Desert Erik Montague BUDGET UPDATE AND OUTLOOK 2013 Final Results and General Fund Reserves One-time resources which provide for: Liquidity Capacity Flexibility 20.9 20.2 $21 18.3 $18 16.4 15.1 14.5 $15 12.9 11.6 10.4 $12 8.8 8.6 8.3 8.1 8.0 7.9 7.7 $9 7.4 5.7 $6 $3 $0 2007-082008-092009-102010-112011-122012-13 8SGDWH 2014 UPDATE Transaction Privilege Taxes Current Year over Year (YoY) Retail 4.12%Hotels 5.01%Restaurants -1.81% Contracting 60.82% ALL 15.44% Town of Marana, Arizona Monthly Tax Collects by Major Type (Jul 2006 Nov 2013) 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Intergovernmental Revenue Current YoY- Shared sales tax 6.21%Shared income tax 9.22% Shared VLT - 2.59% ALL 7.02% Intergovernmental Revenue FY2009 FY2014 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 - State Shared Sales TaxUrban Revenue SharingAuto Lieu Tax FY2009FY2010FY2011FY2012FY2013FY2014 Budget Licenses Permits and Fees Housing Budget 550 Actual* 294 Commercial R&S Mattress Tractor Supply Co. 2XWORRN 2015 OUTLOOK FY2015 Preliminary Outlook and Assumptions Continued improvement of key revenues Sales tax ~6.9% Intergovernmental ~3.7% License, Permits & Fees ~17.5*% 600 new homes and 4.3% population growth Inflation rate <2% Pressure on FY2015 Budget Compensation and classification study Health insurance benefit costs Retirement costs Discriminatory bed tax (2011- SB1460) Ongoing costs of existing and future infrastructure Other new legislation??? Investment Planning *RDOUHLQYHVWPHQW VWUDWHJ\ZKLFKVHHNV WRDOORFDWHQHZ UHYHQXHWRNH\DUHDV DVLWEHFRPHV Current Staff DYDLODEOH Strategic Resources Positions &Tools Budget Timeline ITEM DATE Council Study Session - Strategic Plan Vision and Council 01/14/14 Goals Budget Kick-Off Organizational Meeting & Preliminary 01/22/14 Outlook 02/25/14 Tentative Council Study Session(s) Proposed Comprehensive Fee Schedule, CIP, Revenue Impacts 03/12/14 Council Meeting - 04/15/14 Budget Presentation Council Meeting - Comprehensive Fee Schedule Update 04/15/14 Presentation Tentative Council Study Session - FY2015 Budget Discussion 04/22/14 Council Meeting - Adoption of Tentative Budget 05/06/14 Council Meeting - Adopt Fee Schedule Update 05/06/14 Council Direction Strategic Vision, Values, Focus Areas, Action Plans FY2015 Budget Preparation