HomeMy WebLinkAbout05/17/2016 Council Presentation - Fiscal Year 2016-2017 Tentative BudgetPublic Hearing –
Fiscal Year 2016-2017
Tentative Budget
Tuesday, May 17, 2016
FY2017 General Fund
Reserves
Structurally balanced budget
Maintains full contracting tax allocation of
75% to Transportation Fund
Maintains contingency funding
$21.5M estimated ending reserve(52%)
¹
Provide adequate cash balances
–
Maintain bond ratings
–
Capacity for major projects
–
Note 1 –Estimated ending balance calculations excludes $5.0M in contingency
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FY2017 Position Summary
Authorized positions –346.63 FTE
FY2016 –338.73 (Increase of 7.9FTE)
–
FTE increases were in areas that were determined to
–
beimportant to the mission of local government
PositionFTEDepartmentFunding Source
Management Assistant¹1.00Town ManagerGeneral Fund
Asset Administrator1.00FinanceGeneral Fund
Document Imaging Clerk(0.50)Development RecordsGeneral Fund
Development Engineering Division Manager1.00EngineeringGeneral Fund
Police Officer2.00PoliceGeneral Fund
Senior Maintenance Worker (mid-year)1.00ParksGeneral Fund
Park Laborer (mid-year)2.00ParksGeneral Fund
Recreation Assistant0.25ParksGeneral Fund
Community Development and
Code Enforcement Officer¹1.00General Fund
Neighborhood Services
Development Coordinator(0.85)PlanningGeneral Fund
Total FTE Changes7.90
Note 1: These positions were budgeted in FY2016 as Term Limited Temporary (TLT) positions and were converted to
FTE’s during the FY2017 budget cycle.
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FY2017 Compensation
Team performance based adjustments
Up to 3.5% pay adjustment applied to employee base pay
–
for employees that demonstrate performance and
behavior that is aligned with the Town’s Strategic Plan,
policies, directives and cultural values
Lump sum payment for eligible employees at the top of
–
their pay range.
Pay administration documentation with eligibility criteria,
–
timelines, etc. will be included as backup to the final
budget
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FY2017 Tentative Budget
Expenditure Summary
20172016DollarPercentage
Primary EntityTentativeAdoptedChangeChange
General Fund$42,988,705 $40,790,534 $2,198,171 5.40%
Special Revenue Funds7,981,4188,174,229-192,811-2.40%
Capital Projects Funds74,377,89651,299,30223,078,59445.00%
Debt Service Funds6,201,2385,387,721813,51715.10%
Enterprise Funds25,114,19526,551,787-1,437,592-5.40%
Internal Service Funds4,116,1103,907,016209,0945.40%
Primary entity160,779,562136,110,58924,668,97318.10%
Component Units
Special Districts9,284,3278,889,019395,3084.40%
Total$170,063,889 $144,999,608 $25,064,281 17.30%
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FY2017 –Revenues/Sources
TENTATIVE -$170.1M
REVENUES/SOURCES
Changes in Fund
Balances, $33.7 ,
Sales taxes, $37.2 ,
20%
Bond/loan
22%
proceeds, $16.9 ,
10%
Property taxes (CFD),
Miscellaneous, $0.7 ,
$0.5 , 0%
0%
Investment income,
$0.2 , 0%
Grants and
contributions, $3.6 ,
2%
Intergovernmental ,
Fines and forfeiture,
$58.1 , 34%
$0.9 , 1%
Charges for services,
Licenses, fees and
$10.3 , 6%
permits, $8.0 , 5%
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FY2017 –Expenditures/Uses
TENTATIVE EXPENDITURES/USES -$170.1M
Operating supplies &
equipment, $17.0 ,
10%
Capital outlay,
Contracted services,
$100.4 , 59%
$12.5 , 7%
Personnel and
benefits, $30.3 , 18%
Debt service, $9.9 ,
6%
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In Summary
Establishes the overall expenditure limitation for
FY2017 at $170.1M
Expenditure authority may only be reallocated or
reduced
Budget reflects the careful allocation of available
resources
Continues investment in key areas of current
employees, resources & tools, and strategic positions
Public hearing for final budget on June 21, 2016
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