Loading...
HomeMy WebLinkAbout01/22/2013 Council Presentation - FY2014 Budget StrategiesFiscal Year 2 0 3�01 124 Budget Strategies Items ■ FY2011-2012 Final Results and Reserves ■ General Fund Major Revenues ■ Update for FY2012 -2013 ■ FY2014 Preliminary Outlook ■ Recovery Planning ■ Strategic Planning and Budgeting ■ Budget Timeline 2 FY201 1 -2012 General Fund Budgeted Amounts n L Revenues: Sales taxes Intergovernmental Licenses, fees & permits Fines, forfeitures & penalties Charges for services Lease income Contributions Investment income Miscellaneous Total revenues Expenditures: General government: Public Safety: Highways and streets Economic and community development Culture and recreation Capital outlay Total expenditures Excess (deficiency) of revenues over expenditures Other financing sources (uses) : Transfers out Total other financing sources (uses) Changes in fund balances Fund balances, beginning of year Fund balances, end of year 9,344,022 9,315,834 8,177,503 Variance- 10,410,328 10,352,407 7\-/7 Positive Original Final Actual (Negative) $ 20,001, 725 $ 20,001, 725 $ 21, 59 7,158 $ 1,595,433 6,979,466 6,979,466 6,944,530 (34,936) 1,914,800 1,914,800 2,720,872 806,072 660,000 660,000 558,393 (101,607) 430,250 430,250 455,852 25,602 637,720 637,720 91,580 (546,140) 5,211 5,211 183,030 177,819 90,000 90,000 59,388 (30,612) 9,344,022 9,315,834 8,177,503 1,138,331 10,410,328 10,352,407 10,248,140 104,267 1,750,799 1,750,799 1,791,721 (40,922) 4,364,004 4,404,768 4,092,036 312,732 2,609,156 2,607,801 2,603,702 4,099 1,565,923 1,612,623 1,460,370 152,253 30,044,232 30,044,232 28,373,472 1,670,760 1,201,737 1,201,737 4,871,027 3,669,290 (2,909,840) (2,909,840) (2,951,103) (41,263) (2,909,840) (2,909,840) (2,951,103) (41,263) (1,708,103) (1,708,103) 1,919,924 3,628,027 16,000,000 16,000,000 16,377,638 377,638 3 $ 14,291,897 $ 14,291,897 $ 18,297,562 $ 4,005,665 20.2 18.3 •� I it A 16.8 ......... . • j•4- x ......1. ......1 ........... ........ . 11.6 r 8.6 8.8 5.7 7.77.4 8 11 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12 2012 -13 Budget Required Reserve Available Total 4 Managing General Fund Reserves X 3 $18 $15 ■ $ 10.7 $9 8.6 $6 $3 $0 2006 -07 The "B ig Three" Revenues $25.0 X20.0 r $15.0 $10.0 $5.0 2006 -07 2007 -08 2008 -09 2009 -10 2010-11 2011-12 2012 -13 Budget Sales Tax Intergovernmental Licenses, Fees &Permits Note: Revenue numbers for FY2009 -2010 through FY201 1 -2012 Include additional 1 %contracting sales tax reallocation. FY2012 -2013 includes an additional Y2 %and the partial allocation of bed taxes to the appropriate funds. 5 Sales Tax Revenues Recession Dec 2007 - Jun 2009 I A 1 1,400,000 1 1 800,000 Note: Three month moving average of monthly sales tax collections. 6 Construction Transportatio Communications, Utilities Retail Trade Restaurant & Bars Fire, Insurance & Real Estate Hotels & Other Lodging FY2013 General Fund Update FY2013 Percent of Revenues December 2012 Year to Date Budget Budget Sales tax revenues Intergovernmental revenues Licenses, fees & permits Charges for services Fines and forfeiture Grants and contributions Investment income Miscellaneous revenues Other financing sources Total Revenue Expenditures Personnel & benefits Contracted services Operating supplies & equip Capital outlay Transfers out Total Expenditures Net Revenues Over /(Under) Expenditures $ 1,672,185.54 $ 9,778,371.24 $ 19,835,770 49.30 625, 757.87 3, 773, 789.27 7,821,591 48.20 222,213.31 2,004,940.74 2,347,250 85.40 32, 59 7.29 198, 359.1 1 381,100 52.0% 46,702.37 338,570.88 570,000 59.40 24,541.80 57,427.88 102,750 55.90 - 12,264.52 100,000 12.30 3,640.47 105,559.57 562,070 18.80 - - 750,000 0.0% 2,627,638.65 16,269,283.21 32,470,531 50.1% 1,754,426.79 9,799,843.74 20,992, 657 46.70 179,028.36 1,334,51 1.04 4,173,711 32.0% 105,333.40 992,220.11 3,674,004 27.0% 191,215.83 437,839.95 2,290,900 19.1% 1,369,630.00 1,369,630.00 2,839,259 48.20 $ 3, 599, 634.38 $ 13, 934, 044.84 $ 33,970,531 41.O% $ (971 ,995.73) $ 2,335,238.37 $ (1 ,500,000) - 155.70 7 FY2014 Preliminary Outlook $25.0 $20.0 $15.0 $10.0 $5.0 IM 2006 -07 2007 -08 2008 -09 2009 -10 2010 -11 2011 -12 2012 -13 40 'A Budget Licenses,. Fees &Permits Sales Tax Intergovernmenta Note: Revenue numbers for FY2009 -2010 through FY201 1 -2012 Include additional loo contracting sales tax reallocation. FY2012 -2013 includes an additional 1 /2% and FY2013 -2014 has no additional allocation of contracting sales taxes. Pressure on FY2014 Budget Insurance benefit costs Retirement costs Classification and compensation study Metropolitan Tucson Convention and V isitors Bureau Discriminatory bed tax (2011 -SB 1460) Sales tax changes (TPT Simplification Committee) - Single point of collection - Central tax audit - Contracting sales tax elimination Other new legisla tion ? ?? E Possible Changes to Contract ing Sales Taxes Year Total Collections FY2009 -2010 Actual $ 4,448,438 FY2010 -201 1 Actual 4,870,798 FY201 1 -2012 Actual 5,782,645 FY2012 -2013 Budget 5,840,650 General Fund $ Allocation % $ 2,224,235 2.0% 2,435,399 2.0% 2,891,842 2.0% 2,419,700 1.50 Transportation Fund $ Allocation % $ 2,224,203 2.0% 2,435,399 2.0% 2,890,803 2.0% 3,420,950 2.50 How we've allocated collections How it's calculated currently - Job Location (where activity is performed) Proposed committee c hang....s - Point of sale (where materials are purchased) ■ What would the impact be? - Operating and capital budgets - Impact fees - Development agreements 10 Recovery Planning r � i Goal - reinvestment strategy which seeks f allocate new revenue to key areas as it becomes available. Strategic Planning and Budget*ing •Measuring 1 Performance • Evaluation & Modification • Assess strategy effectiveness m 0 g -range Goals & ectives us Areas )dget Integration source ignment locate Resources • Vision Budget Timeline lliI Council Study Session - Adoption of Council Goals Budget Kick -Off Organizational Meeting &Preliminary Outlook Tentative Council Study Session (s) - Proposed Comprehensive Fee Schedule, CIP, Revenue Impacts Council Meeting - Manager's Recommended Operating Budget Presentation Council Meeting - Comprehensive Fee Schedule Update Presentation Tentative Council Study Session - FY2014 Budget Discussion Council Meeting - Adoption of Tentative Budget Council Meeting -Adopt Fee Schedule Update Council Meeting -Adopt Final Budget 01/22/13 01/23/13 02/26/13 03/12/13 04/16/13 04/16/13 04/23/13 05/07/13 05/07/13 06/04/13 or MARANA : =/I NS6, www.marana.com