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HomeMy WebLinkAboutResolution 2023-072 Adopting the Town of Marana 's Fiscal Year 2023-2024 Final Budget MARANA RESOLUTION NO. 2023-072 RELATING TO BUDGET; ADOPTING THE TOWN OF MARANA'S FISCAL YEAR 2023-2024 FINAL BUDGET WHEREAS in accordance with the provisions of Title 42, Chapter 17, Articles 1-5, Arizona Revised Statutes (A.R.S.), the Marana Town Council did, on May 16, 2023, 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 met on June 20, 2023, at which meeting any taxpayer was privileged to appear and be heard in favor of or against any of the proposed expenditures/expenses or tax levies; and WHEREAS it appears that publication has been duly made as required by law, of said estimates together with a notice that the Town Council would meet on June 20,2023, at the office of the Council for the purpose of hearing taxpayers and making tax levies as set forth in said estimates; and WHEREAS it appears that the sums to be raised by taxation, as specified therein, do not in the aggregate exceed that amount as computed in A.R.S. §42-17051(A). NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana, Arizona, that the said estimates of revenues and expenditures/expenses shown on the accompanying schedules,attached hereto as Exhibit A and incorporated herein by this reference, as now increased, reduced, or changed, are hereby adopted as the budget of the Town of Marana for the fiscal year 2023-2024. 00089153.DOCX/1 Resolution No. 2023-072 - 1 - 6/16/2023 3:56 PM PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, Ari- zona, this 20th day of June, 2023. Viiiit____,._\__ Mayor Ed Honea ATTEST: APPROVED AS TO FORM: Davis . Udall, Town Clerk Jan irall, Town Attorney 41 i 41k MAPANA AZ ESTAC L. S1-HED 1477 00089153.DOCX/1 Resolution No.2023-072 - 2 - 6/16/2023 3:56 PM Town of Marana Table of Contents Fiscal year 2024 Resolution for the adoption of the budget Schedule A—Summary Schedule of estimated revenues and expenditures/expenses Schedule B—Tax levy and tax rate information Schedule G—Full-time employees and personnel compensation Schedule C—Revenues other than property taxes Schedule D—Other financing sources/(uses) and interfund transfers Schedule E—Expenditures/expenses by fund Schedule F—Expenditures/expenses by department (as applicable) 3/22 Arizona Auditor General Official City/Town Budget Forms Fiscal year General Fund Special Revenue Fund Debt Service Fund Capital Projects Fund Permanent Fund Enterprise Funds Available Internal Service Funds Total all funds 2023 Adopted/adjusted budgeted expenditures/expenses* E 1 73,268,176 10,487,968 16,411,822 71,440,280 0 56,594,941 5,289,950 233,493,137 2023 Actual expenditures/expenses** E 2 60,919,029 7,398,556 16,498,922 14,671,543 0 19,485,826 5,704,772 124,678,648 2024 Beginning fund balance/(deficit) or net position/(deficit) at July 1*** 3 93,588,862 11,530,105 7,302,986 58,624,223 0 34,203,719 2,169,738 207,419,633 2024 Primary property tax levy B 4 0 0 2024 Secondary property tax levy B 5 2,174,869 260,625 2,435,494 2024 Estimated revenues other than property taxes C 6 69,786,496 9,943,033 2,207,059 59,846,142 0 28,202,379 5,696,168 175,681,277 2024 Other financing sources D 7 0 0 4,850,000 53,000,000 0 21,273,043 0 79,123,043 2024 Other financing (uses) D 8 0 0 0 0 0 0 0 0 2024 Interfund transfers in D 9 0 100,000 6,360,436 100,000 0 8,169,474 0 14,729,910 2024 Interfund Transfers (out) D 10 4,516,981 0 0 2,083,950 0 8,128,979 0 14,729,910 2024 Line 11: Reduction for fund balance reserved for future budget year expenditures Maintained for future debt retirement 0 Maintained for future capital projects 0 Maintained for future financial stability 17,446,624 17,446,624 Maintained for future retirement contributions 0 0 2024 Total financial resources available 12 141,411,753 21,573,138 22,895,350 169,747,040 0 83,719,636 7,865,906 447,212,823 2024 Budgeted expenditures/expenses E 13 77,026,555 13,051,469 15,356,954 155,743,417 0 69,386,635 5,696,168 336,261,198 Expenditure limitation comparison 2023 2024 1 Budgeted expenditures/expenses 233,493,137$ 336,261,198$ 2 Add/subtract: estimated net reconciling items 3 Budgeted expenditures/expenses adjusted for reconciling items 233,493,137 336,261,198 4 Less: estimated exclusions 5 Amount subject to the expenditure limitation 233,493,137$ 336,261,198$ 6 EEC expenditure limitation $ $ * ** *** Town of Marana Summary Schedule of estimated revenues and expenditures/expenses Fiscal year 2024 Includes actual amounts as of the date the proposed budget was prepared, adjusted for estimated activity for the remainder of the fiscal year. Amounts on this line represent beginning fund balance/(deficit) or net position/(deficit) amounts except for nonspendable amounts (e.g., prepaids and inventories) or amounts legally or contractually required to be maintained intact (e.g., principal of a permanent fund). S c h Funds Includes expenditure/expense adjustments approved in the current year from Schedule E. The city/town does not levy property taxes and does not have special assessment districts for which property taxes are levied. Therefore, Schedule B has been omitted. 11 X1A0T 3/22 Arizona Auditor General Schedule A Official City/Town Budget Forms 2023 2024 1. $$ 2. $ 3.Property tax levy amounts A. Primary property taxes $$ B. Secondary property taxes 2,086,010 2,435,494 C.Total property tax levy amounts $2,086,010 $2,435,494 4.Property taxes collected* A. Primary property taxes (1) Current year's levy $ (2) Prior years’ levies (3) Total primary property taxes $ B. Secondary property taxes (1) Current year's levy $2,054,993 (2) Prior years’ levies 13,676(3) Total secondary property taxes $2,068,669 C. Total property taxes collected $2,068,669 5.Property tax rates A. City/Town tax rate (1) Primary property tax rate (2) Secondary property tax rate 2.8000 2.8000 (3) Total city/town tax rate 2.8000 2.8000 B. Special assessment district tax rates Secondary property tax rates—As of the date the proposed budget was prepared, the three special assessment districts for which secondary property taxes are levied. For information pertaining to these special assessment districts and their tax rates, please contact the city/town. * city/town was operating Includes actual property taxes collected as of the date the proposed budget was prepared, plus estimated property tax collections for the remainder of the fiscal year. Amount received from primary property taxation in the current year in excess of the sum of that year's maximum allowable primary property tax levy. A.R.S. §42-17102(A)(18) Town of Marana Tax levy and tax rate information Fiscal year 2024 Maximum allowable primary property tax levy. A.R.S. §42-17051(A) Property tax judgment Property tax judgment Property tax judgment Property tax judgment X2A0T 3/22 Arizona Auditor General Schedule B Official City/Town Budget Forms Estimated revenues Actual revenues* Estimated revenues 2023 2023 2024 General Fund Local taxes Sales taxes $36,215,052 $41,886,312 $35,123,831 Licenses and permits Building and development fees 7,526,500 6,058,249 3,516,000 Business and license fees 145,000 146,592 145,000 Animal fees 86,500 75,285 81,500 Franchise fees 575,000 595,168 575,000 Host fees 300,000 314,919 300,000 Intergovernmental State shared sales taxes 7,429,849 8,048,317 8,263,841 Urban revenue sharing 10,018,695 10,413,667 14,720,978 Auto lieu 2,700,192 2,784,318 2,960,801 Federal - ARPA 8,187,523 Charges for services Charges for services 807,000 812,234 823,000 Fines and forfeits Court fines and fees 391,500 332,395 389,500 Interest on investments Interest 150,000 4,280,344 2,000,000 Contributions Voluntary contributions 154,100 271,199 146,100 Miscellaneous Other miscellaneous 626,871 560,411 740,945 Total General Fund $75,313,782 $76,579,410 $69,786,496 * Special revenue funds Community development block grants $180,000 $65,380 $260,000 Affordable housing revolving 10,000 12,927 2,000 Other grants and contributions 3,057,149 1,571,826 3,057,149 RICO 20,000 16,171 20,000 $3,267,149 $1,666,304 $3,339,149 Impound $16,000 $11,700 $11,600 Bed tax 1,338,158 1,833,725 1,450,000 Local JCEF 8,000 6,468 8,000 Fill the GAP 4,500 2,676 4,500 $1,366,658 $1,854,569 $1,474,100 Local technology enhancement $50,000 $29,756 $50,000 Highway user revenue 4,807,629 4,985,520 5,079,784 $4,857,629 $5,015,276 $5,129,784 Total special revenue funds $9,491,436 $8,536,149 $9,943,033 *Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. Town of Marana Revenues other than property taxes Fiscal Year 2024 Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. Source of revenues X3A0T 3/22 Arizona Auditor General Schedule C Official City/Town Budget Forms Estimated revenues Actual revenues* Estimated revenues 2023 2023 2024 Town of Marana Revenues other than property taxes Fiscal Year 2024 Source of revenues X3A0T Debt service funds Tangerine farms road improvement district $2,020,059 $2,014,725 $2,020,059 Gladden farms CFD debt Gladden farms II CFD debt 187,000 Saguaro springs CFD debt $2,020,059 $2,014,725 $2,207,059 Total debt service funds $2,020,059 $2,014,725 $2,207,059 Capital projects funds Transportation $6,800,000 $13,933,279 $4,200,000 Half cent sales tax 6,000,000 7,480,472 6,561,367 Impact fee funds 3,329,780 5,197,898 1,545,684 Other capital projects 8,538,533 1,574,757 23,878,438 $24,668,313 $28,186,406 $36,185,489 Downtown reinvestment $228,500 $504,395 $456,500 Regional transportation authority 7,300,000 39,073 13,431,903 Pima association of governments 757,751 9,772,250 $8,286,251 $543,468 $23,660,653 Total capital projects funds $32,954,564 $28,729,874 $59,846,142 * Permanent funds $$$ Total permanent funds $$$ Enterprise funds Water utility $18,364,741 $14,866,424 $15,145,285 Airport 5,385,568 1,711,679 7,376,814 Water reclamation utility 7,003,340 5,736,248 5,680,280 $30,753,649 $22,314,351 $28,202,379 Total enterprise funds $30,753,649 $22,314,351 $28,202,379 * Internal service funds Health benefits $4,937,950 $5,173,850 $5,344,168 Dental benefits 352,000 334,485 352,000 $5,289,950 $5,508,335 $5,696,168 Total internal service funds $5,289,950 $5,508,335 $5,696,168 Total all funds $155,823,440 $143,682,844 $175,681,277 * Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. 3/22 Arizona Auditor General Schedule C Official City/Town Budget Forms Fund Sources (Uses)In (Out) General Fund Other grants and contributions $$$$100,000 2013 debt service 1,259,000 2014 debt service 663,436 2017 debt service 547,300 Airport 960,871 Water utility 986,374 Water reclamation utility Total General Fund $$$$4,516,981 Special revenue funds Other grants and contibutions $$$100,000 $ Total special revenue funds $$$100,000 $ Debt service funds 2013 debt service $$$3,065,750 $ 2014 debt service 663,436 2017 debt service 2,631,250 Saguaro springs CFD 4,850,000 Total debt service funds $4,850,000 $$6,360,436 $ Capital projects funds Transportation $$$100,000 $860,419 Impact fees 1,223,531 Half cent sales tax 53,000,000 Total capital projects funds $53,000,000 $$100,000 $2,083,950 Permanent funds $$$$ Total permanent funds $$$$ Enterprise funds Airport $$$960,871 $ Water utility 21,273,043 4,361,958 4,683,494 Water reclamation utility 2,846,645 3,445,485 Total enterprise funds $21,273,043 $$8,169,474 $8,128,979 Internal service funds $$$$ Total Internal Service Funds $$$$ Total all funds $79,123,043 $$14,729,910 $14,729,910 2024 2024 Town of Marana Other financing sources/(uses) and interfund transfers Fiscal year 2024 Other financing Interfund transfers X4A0T 3/22 Arizona Auditor General Schedule D Official City/Town Budget Forms Adopted budgeted expenditures/ expenses Expenditure/ expense adjustments approved Actual expenditures/ expenses* Budgeted expenditures/ expenses Fund/Department 2023 2023 2023 2024 General Fund Non-departmental $3,554,741 $$3,385,323 $3,925,801 Mayor and council 365,991 328,155 387,745 Town manager 1,794,483 105,000 1,685,579 1,600,517 Town clerk 643,116 485,757 570,215 Human resources 1,373,076 192,369 1,370,489 1,772,626 Finance 2,040,118 (192,369)1,597,598 1,898,127 Legal 1,204,385 1,099,835 1,244,565 Technology services 4,405,011 750,000 3,737,928 5,889,155 Economic development and tourism 315,461 316,355 326,774 Development services 4,365,603 (105,000)3,447,759 4,559,388 Police 24,274,975 585,000 24,044,729 21,631,429 Courts 1,248,115 1,191,566 1,326,710 Public works 7,075,536 190,000 5,780,957 8,354,401 Parks and recreation 7,158,378 (160,000)6,503,273 7,593,941 Community development 1,302,824 1,326,943 1,319,486 Capital outlay 7,146,363 4,616,783 9,625,675 Contingency 5,000,000 (1,365,000)5,000,000 Total General Fund $73,268,176 $$60,919,029 $77,026,555 Special revenue funds Highway user revenue $5,358,694 $$4,355,081 $6,765,028 Revolving affordable housing 87,435 2,593 105,000 Local JCEF 131,805 3,831 131,805 Fill the GAP 34,500 34,500 Local technology 78,000 22,583 78,000 Community development block grants 180,000 65,380 260,000 Bed tax 1,338,158 1,153,620 1,950,000 Other grants and contributions 3,157,149 1,736,164 3,580,336 RICO 87,500 38,177 121,800 Impound fees 34,727 21,127 25,000 Total special revenue funds $10,487,968 $$7,398,556 $13,051,469 Debt service funds Series 2013 debt $3,030,300 $$3,030,300 $3,016,125 Series 2014 debt 794,337 794,337 651,201 Series 2017 debt 2,580,500 2,580,500 2,580,125 Tangerine farms ID debt 2,020,059 2,068,231 2,333,819 Gladden farms CFD debt 779,357 780,006 777,557 Galdden farms, Phase II CFD debt 6,532,494 6,607,998 608,477 Saguaro springs CFD debt 674,775 637,550 5,389,650 Total debt service funds $16,411,822 $$16,498,922 $15,356,954 Expenditures/expenses by fund Fiscal year 2024 Town of Marana X5A0T 3/22 Arizona Auditor General Schedule E Official City/Town Budget Forms Adopted budgeted expenditures/ expenses Expenditure/ expense adjustments approved Actual expenditures/ expenses* Budgeted expenditures/ expenses Fund/Department 2023 2023 2023 2024 Expenditures/expenses by fund Fiscal year 2024 Town of Marana X5A0T Capital projects funds Transportation $26,104,856 $$7,983,773 $28,793,914 Impact fee funds 14,370,041 1,178,341 13,359,676 Other capital projects 8,821,182 600,000 1,245,130 25,144,227 Downtown reinvestment 638,700 45,941 425,000 Pima association of governments 757,751 9,772,250 Regional tranportation authority 7,300,000 (600,000)39,073 13,431,903 Half cent sale tax fund 12,000,000 4,175,010 63,170,697 Gladden farms CFD 1,028,500 1,500 1,128,500 Galdden farms, Phase II CFD 54,750 1,375 52,750 Saguaro springs CFD 364,500 1,400 464,500 Total capital projects funds $71,440,280 $$14,671,543 $155,743,417 Permanent funds $$$$ Total permanent funds $$$$ Enterprise funds Water utility $37,378,527 $$13,930,527 $39,059,108 Airport 6,170,859 1,788,571 8,337,685 Water reclamation utility 13,045,555 3,766,728 21,989,842 Total enterprise funds $56,594,941 $$19,485,826 $69,386,635 Internal service funds Health benefits $4,937,950 $$5,433,218 $5,344,168 Dental benefits 352,000 271,554 352,000 Total internal service funds $5,289,950 $$5,704,772 $5,696,168 Total all funds $233,493,137 $$124,678,648 $336,261,198 *Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year. 3/22 Arizona Auditor General Schedule E Official City/Town Budget Forms Adopted budgeted expenditures/ expenses Expenditure/ expense adjustments approved Actual expenditures/ expenses* Budgeted expenditures/ expenses 2023 2023 2023 2024 Economic development and tourism General fund $315,461 $$316,355 $326,774 Bed tax fund 561,333 376,795 1,139,816 Department total $876,794 $$693,150 $1,466,590 List department: Police: General fund $25,308,683 $$24,044,729 $22,530,049 Grants and contributions 1,768,456 1,636,164 1,190,336 RICO 87,500 38,177 121,800 Impound fees 34,727 21,127 25,000 Department total $27,199,366 $$25,740,197 $23,867,185 List department: Court: General fund $1,248,115 $$1,191,566 $1,326,710 Local JCEF 131,805 3,831 131,805 Fill the GAP 34,500 34,500 Local tech enhancement 78,000 22,583 78,000 Department total $1,492,420 $$1,217,980 $1,571,015 List department: Public works: General fund $9,927,376 $$5,780,957 $11,314,661 Highway user revenue fund 4,834,644 3,802,412 6,162,888 Department total $14,762,020 $$9,583,369 $17,477,549 List department: Parks and recreation: General fund $8,390,053 $$6,503,273 $8,617,693 Highway user revenue fund 524,050 552,669 482,150 Department total $8,914,103 $$7,055,942 $9,099,843 List department: Community development: General fund $1,302,824 $$1,326,943 $1,319,486 CDBG 180,000 65,380 260,000 Revolving affordable housing 87,435 2,593 105,000 Department total $1,570,259 $$1,394,916 $1,684,486 * Expenditures/expenses by department Fiscal year 2024 Town of Marana Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year. Department/Fund X6A0T 3/22 Arizona Auditor General Schedule F Official City/Town Budget Forms Full-time equivalent (FTE) Employee salaries and hourly costs Retirement costs Healthcare costs Other benefit costs Total estimated personnel compensation 2024 2024 2024 2024 2024 2024 395.60 $29,188,786 $6,723,799 $5,213,369 $2,975,946 $44,101,900 Bed tax 1.50 $114,993 $13,887 $23,988 $9,085 $161,953 Total special revenue funds 1.50 $114,993 $13,887 $23,988 $9,085 $161,953 Water utility 35.00 $2,564,026 $302,262 $445,001 $232,772 $3,544,061 Airport 4.00 216,811 25,277 55,525 26,749 324,362 Water reclamation utility 8.00 550,294 61,307 115,201 54,142 780,944 Total enterprise funds 47.00 $3,331,131 $388,846 $615,727 $313,663 $4,649,367 Total all funds 444.10 $32,634,910 $7,126,532 $5,853,084 $3,298,694 $48,913,220 Fund Town of MaranaFull-time employees and personnel compensationFiscal year 2024 General Fund Special revenue funds Enterprise funds X7A0T 3/22 Arizona Auditor General Schedule G Official City/Towns Budget Forms