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HomeMy WebLinkAboutResolution 2024-065 Adopting the Town of Marana's Fiscal Year 2024-2025 Final Budget MARANA RESOLUTION NO. 2024-065 RELATING TO BUDGET; ADOPTING THE TOWN OF MARANA'S FISCAL YEAR 2024-2025 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 21,2024, 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 18, 2024, 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 18,2024, 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 2024-2025. Resolution No.2024-065 - 1 - 6/14/2024 3:40 PM PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, Ari- zona, this 18th day of June, 2024. etA Mayor Ed Honea T: APPROVED AS TO FORM: COr David L. Udall, Town Clerk Jane Fai all, Town Atto ney 1 161 MARANAAZ ESTABLISHED 1977 Resolution No.2024-065 -2- 6/14/2024 3:40 PM Exhibit A to Marana Resolution No. 2024-065 Official Budget Forms Town of Marana Fiscal year 2025 3/22 Arizona Auditor General Official City/Town Budget Forms Exhibit A to Marana Resolution No. 2024-065 Town of Marana Table of Contents Fiscal year 2025 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 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) Schedule G—Full-time employees and personnel compensation 3/22 Arizona Auditor General Official City/Town Budget Forms Exhibit A to Marana Resolution No. 2024-065 Town of Marana Summary Schedule of estimated revenues and expenditures/expenses Fiscal year 2025 S Funds Fiscal c h Special Revenue Capital Projects Enterprise Funds Internal Service year General Fund Fund Debt Service Fund Fund Permanent Fund Available Funds Total all funds 2024 Adopted/adjusted budgeted expenditures/expenses* E 1 77,026,555 13,051,469 15,356,954 155,743,417 0 69,386,635 5,696,168 336,261,198 2024 Actual expenditures/expenses** E 2 58,988,253 7,224,654 9,793,591 36,751,090 0 27,620,024 5,034,958 145,412,570 Beginning fund balancel(deficit) or net positionl(deficit) at 2025 July 1*** 3 122,048,887 14,279,830 9,608,410 123,486,943 0 46,212,164 3,452,583 319,088,817 2025 Primary property tax levy B 4 0 0 2025 Secondary property tax levy B 5 2,637,569 316,508 2,954,077 2025 Estimated revenues other than property taxes C 6 80,688,255 10,107,377 1,833,045 128,718,848 0 44,314,207 6,211,485 271,873,217 2025 Other financing sources D 7 0 0 8,500,000 19,849,957 0 23,060,492 0 51,410,449 2025 Other financing (uses) D 8 0 0 0 0 0 0 0 0 2025 Interfund transfers in D 9 0 100,000 8,108,347 1,808,471 0 10,603,706 0 20,620,524 2025 Interfund Transfers (out) D 10 6,201,898 0 0 5,785,060 0 8,633,566 0 20,620,524 Line Reduction for fund balance reserved for future 2025 budget year expenditures 11 Maintained for future debt retirement 0 Maintained for future capital projects 0 Maintained for future financial stability 20,172,064 20,172,064 Maintained for future retirement contributions 0 0 2025 Total financial resources available 12 176,363,180 24,487,207 30,687,371 268,395,667 0 115,557,003 9,664,068 625,154,496 2025 Budgeted expenditures/expenses E 13 105,182,082 14.809.088 11,452,942 226,095,819 0 99,988,058 6,211,485 473,739,474 Expenditure limitation comparison 2024 2025 1 Budgeted expenditures/expenses $ 336,261,198 $ 473,739,474 2 Add/subtract: estimated net reconciling items 3 Budgeted expenditureslexpenses adjusted for reconciling items 336,261,198 473,739,474 4 Less: estimated exclusions 5 Amount subject to the expenditure limitation $ 336,261,198 $ 473,739,474 6 EEC expenditure limitation $ $ OThe 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. ` Includes expenditure/expense adjustments approved in the current year from Schedule E. ** 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). 3/22 Arizona Auditor General Schedule A Official City/Town Budget Forms Exhibit A to Marana Resolution No. 2024-065 Town of Marana Tax levy and tax rate information Fiscal year 2025 2024 2025 Maximum allowable primary property tax levy. A.R.S. §42-17051(A) $ $ 2. 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) $ 3. Property tax levy amounts A. Primary property taxes $ $ Property tax judgment B. Secondary property taxes 2,435,494 2,954,077 Property tax judgment C. Total property tax levy amounts $ 2,435,494$ 2,954,077 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 $ 2,398,962 (2) Prior years' levies 19,788 (3) Total secondary property taxes $ 2,418,749 C. Total property taxes collected $ 2,418,749 5. Property tax rates A. City/Town tax rate (1) Primary property tax rate Property tax judgment (2T Secondary property tax rate 2.8000 2.8000 Property tax judgment (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 city/town was operating 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. * 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. 3/22 Arizona Auditor General Schedule B Official City/Town Budget Forms Exhibit A to Marana Resolution No. 2024-065 Town of Marana Revenues other than property taxes Fiscal Year 2025 Estimated Estimated Source of revenues revenues Actual revenues* revenues 2024 2024 2025 General Fund Local taxes Sales taxes $ 35,123,831 $ 44,103,089 $ 43,684,077 Licenses and permits Building and development fees 3,516,000 7,678,757 5,885,300 Business and license fees 145,000 160,845 155,000 Animal fees 81,500 72,989 78,700 Franchise fees 575,000 579,619 600,000 Host fees 300,000 296,559 320,000 Intergovernmental State shared sales taxes 8,263,841 5,417,795 8,445,646 Urban revenue sharing 14,720,978 14,829,456 12,215,403 Auto lieu 2,960,801 2,629,134 2,655,425 Federal - ARPA Charges for services Charges for services 823,000 608,761 723,500 Fines and forfeits Court fines and fees 389,500 407,086 389,500 Interest on investments Interest 2,000,000 4,444,444 4,565,479 Contributions Voluntary contributions 146,100 210,091 172,325 Miscellaneous Other miscellaneous 740,945 966,566 797,900 Total General Fund $ 69,786,496 $ 82,405,191 $ 80,688,255 * 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. Special revenue funds Community development block grants $ 260,000 $ 60,041 $ 348,691 Affordable housing revolving 2,000 1,449 2,000 Other grants and contributions 3,057,149 1,721,193 3,057,149 RICO 20,000 22,353 30,000 $ 3,339,149 $ 1,805,036 $ 3,437,840 Impound $ 11,600 $ 8,400 $ 16,000 Bed tax 1,450,000 1,730,626 1,600,000 Local JCEF 8,000 5,448 8,000 Fill the GAP 4,500 2,583 4,500 $ 1,474,100 $ 1,747,057 $ 1,628,500 Local technology enhancement $ 50,000 $ 32,565 $ 50,000 Highway user revenue 5,079,784 5,221,200 4,991,037 $ 5,129,784 $ 5,253,765 $ 5,041,037 Total special revenue funds $ 9,943,033 $ 8,805,858 $ 10,107,377 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 Exhibit A to Marana Resolution No. 2024-065 Town of Marana Revenues other than property taxes Fiscal Year 2025 Estimated Estimated Source of revenues revenues Actual revenues* revenues 2024 2024 2025 Debt service funds Tangerine farms road improvement district $ 2,020,059 $ 1,622,912 $ 1,729,002 Gladden farms CFD debt 2025 Overall Summary_TENT 187,000 104,043 Saguaro springs CFD debt $ 2,207,059 $ 1,622,912 $ 1,833,045 Total debt service funds $ 2,207,059 $ 1,622,912 $ 1,833,045 Capital projects funds Transportation $ 4,200,000 $ 14,084,376 $ 10,282,526 Half cent sales tax 6,561,367 7,855,996 8,790,654 Impact fee funds 1,545,684 6,848,643 3,172,836 Other capital projects 23,878,438 10,926,406 72,048,197 $ 36,185,489 $ 39,715,421 $ 94,294,213 Downtown reinvestment $ 456,500 $ 341,914 $ 526,500 Regional transportation authority 13,431,903 381,305 24,791,135 Pima association of governments 9,772,250 9,107,000 $ $ 723,219 23,660,653 $ 34,424,635 Total capital projects funds $ 59,846,142 $ 40,438,640 $ 128,718,848 * 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. Permanent funds Total permanent funds $ $ $ Enterprise funds Water utility $ 15,145,285 $ 17,250,242 $ 20,023,586 Airport 7,376,814 2,719,845 15,920,893 Water reclamation utility 5,680,280 6,888,013 8,369,728 $ 28,202,379 $ 26,858,100 $ 44,314,207 Total enterprise funds $ 28,202,379 $ 26,858,100 $ 44,314,207 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. Internal service funds Health benefits Dental benefits $ 5,344,168 $ 5,614,691 $ 5,819,845 352,000 375,186 391,640 $ 5,696,168 $ 5,989,877 $ 6,211,485 Total internal service funds $ 5,696,168 $ 5,989,877 $ 6,211,485 Total all funds $ 175,681,277 $ 166,120,578 $ 271,873,217 * 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 Exhibit A to Marana Resolution No. 2024-065 Town of Marana Other financing sources/(uses) and interfund transfers Fiscal year 2025 Other financing Interfund transfers 2025 2025 Fund Sources (Uses) In (Out) General Fund Other grants and contributions $ $ $ $ 100,000 Transportation 1,508,471 2014 debt service 661,397 2017 debt service 549,890 2024 refunding debt service 1,212,000 Airport 1,183,766 Water utility 986,374 Water reclamation utility Total General Fund $ $ $ $ 6,201,898 Special revenue funds Other grants and contibutions $ $ $ 100,000 $ Total special revenue funds $ $ $ 100,000 $ Debt service funds 2014 debt service $ $ $ 661,397 $ 2017 debt service 2,643,700 2024 debt service 3,591,250 2024 refunding debt service 1,212,000 Saguaro springs CFD 4,850,000 Gladden Farms II CFD 3,650,000 Total debt service funds $ 8,500,000 $ $ 8,108,347 $ Capital projects funds Transportation $ $ $ 1,808,471 $ 964,490 Impact fees 19,849,957 1,229,320 Half cent sales tax 3,591,250 Total capital projects funds $ 19,849,957 $ $ 1,808,471 $ 5,785,060 Permanent funds Total permanent funds $ $ $ $ Enterprise funds Airport $ $ $ 1,183,766 $ Water utility 23,060,492 4,707,278 5,280,307 Water reclamation utility 4,712,662 3,353,259 Total enterprise funds $ 23,060,492 $ $ 10,603,706 $ 8,633,566 Internal service funds Total Internal Service Funds $ $ $ $ Total all funds $ 51,410,449 $ $ 20,620,524 $ 20,620,524 3/22 Arizona Auditor General Schedule D Official City/Town Budget Forms Exhibit A to Marana Resolution No. 2024-065 Town of Marana Expenditures/expenses by fund Fiscal year 2025 Adopted budgeted expenditures/ expenses Fund/Department 2024 General Fund Non -departmental $ 3,925,801 $ Mayor and council 387,745 Town manager 1,600,517 Town clerk 570,215 Human resources 1,772,626 Finance 1,898,127 Legal 1,244,565 Technology services 5,889,155 Economic development and tourism 326,774 Development services 4,559,388 Police 21,631,429 Courts 1,326,710 Public works 8,354,401 Parks and recreation 7,593,941 Community development 1,319,486 Capital outlay 9,625,675 Contingency 5,000,000 Total General Fund $ 77,026,555 $ Special revenue funds Highway user revenue $ 6,765,028 $ Revolving affordable housing 105,000 Local JCEF 131,805 Fill the GAP 34,500 Local technology 78,000 Community development block grants 260,000 Bed tax 1,950,000 Other grants and contributions 3,580,336 RICO 121,800 Impound fees 25,000 Total special revenue funds $ 13,051,469 $ Debt service funds Series 2013 debt $ 3,016,125 $ Series 2014 debt 651,201 Series 2017 debt 2,580,125 Series 2024 Series 2024 refunding debt Tangerine farms ID debt 2,333,819 Gladden farms CFD debt 777,557 Galdden farms, Phase II CFD debt 608,477 Saguaro springs CFD debt 5,389,650 Total debt service funds $ 15,356,954 $ Expenditure/ expense adjustments approved 2024 Actual expenditures/ expenses* 2024 Budgeted expenditures/ expenses 2025 $ 3,643,174 $ 4,425,976 150,000 508,303 400,486 1,571,356 1,678,187 408,609 606,742 1,628,210 2,195,874 1,751,926 2,293,277 1,125,184 1,348,734 5,321,766 7,898,069 329,370 364,918 3,688,436 4,796,771 20,524,450 35,249,318 1,275,927 1,389,174 6,657,222 16,123,659 7,110,103 9,386,206 1,274,417 1,414,734 2,169,800 10,609,957 (150,000) 5,000,000 $ 58,988,253 $ 105,182,082 $ 4,002,144 $ 8,116,176 105,000 131,805 34,500 21,556 82,500 60,041 348,691 1,382,972 2,152,840 1,721,193 3,690,676 36,748 116,900 30,000 $ 7,224,654 $ 14,809,088 $ 3,016,125 $ 651,201 655,416 2,580,325 2,580,075 4,667,042 1,184, 931 1,622,912 1,729,002 776,556 877,631 608,047 4,436,544 538,425 5,322,301 $ 9,793,591 $ 21,452,942 3/22 Arizona Auditor General Schedule E Official City/Town Budget Forms Exhibit A to Marana Resolution No. 2024-065 Town of Marana Expenditures/expenses by fund Fiscal year 2025 Adopted Expenditure/ budgeted expense Actual Budgeted expenditures/ adjustments expenditures/ expenditures/ expenses approved expenses* expenses Fund/Department 2024 2024 2024 2025 Capital projects funds Transportation $ 28,793,914 $ $ 3,883,529 $ 33,018,301 Impact fee funds 13,359,676 6,812,596 35,049,199 Other capital projects 25,144,227 2,639,027 84,700,392 Downtown reinvestment 425,000 1,125,000 Pima association of governments 9,772,250 9,107,000 Regional tranportation authority 13,431,903 381,305 24,791,135 Half cent sale tax fund 63,170,697 23,028,883 36,289,042 Gladden farms CFD 1,128,500 1,750 1,253,500 Galdden farms, Phase II CFD 52,750 2,250 182,750 Saguaro springs CFD 464,500 1,750 579,500 Total capital projects funds $ 155,743,417 $ $ 36,751,090 $ 226,095,819 Permanent funds Total permanent funds $ $ $ $ Enterprise funds Water utility $ 39,059,108 $ $ 20,593,411 $ 49,247,672 Airport 8,337,685 2,984,172 17,104,659 Water reclamation utility 21,989,842 4,042,441 33,635,727 Total enterprise funds $ 69,386,635 $ $ 27,620,024 $ 99,988,058 Internal service funds Health benefits $ 5,344,168 $ $ 4,758,090 $ 5,819,845 Dental benefits 352,000 276,868 391,640 Total internal service funds $ 5,696,168 $ $ 5,034,958 $ 6,211,485 Total all funds $ 336,261,198 $ $ 145,412,570 $ 473,739,474 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 Exhibit A to Marana Resolution No. 2024-065 Town of Marana Expenditures/expenses by department Fiscal year 2025 Adopted Expenditure/ budgeted expense Actual Budgeted expenditures/ adjustments expenditures/ expenditures/ expenses approved expenses* expenses Department/Fund 2024 2024 2024 2025 Economic development and tourism General fund $ 326,774 $ $ 323,337 $ 404,918 Downtown Reinvestment fund 425,000 425,000 Bed tax fund 1,139,816 411,738 1,330,349 Department total $ 1,891,590 $ $ 735,075 $ 2,160,267 List department: Police: General fund $ 22,530,049 $ $ 20,312,502 $ 35,868,017 Grants and contributions 1,190,336 1,341,277 1,499,179 RICO 121,800 40,779 116,900 Impound fees 25,000 30,000 Department total $ 23,867,185 $ $ 21,694,558 $ 37,514,096 List department: Court: General fund $ 1,326,710 $ $ 1,220,754 $ 1,589,979 Local JCEF 131,805 131,805 Fill the GAP 34,500 34,500 Local tech enhancement 78,000 24,549 82,500 Department total $ 1,571,015 $ $ 1,245,303 $ 1,838,784 List department: Public works: General fund $ 13,217,186 $ $ 6,778,567 $ 12,114,566 Highway user revenue fund 6,282,878 3,362,105 7,519,099 Department total $ 19,500,064 $ $ 10,140,672 $ 19,633, 665 List department: Parks and recreation: General fund $ 8,617,693 $ $ 7,737,274 $ 11,639,307 Highway user revenue fund 482,150 342,640 597,077 Department total $ 9,099,843 $ $ 8,079,914 $ 12,236,384 List department: Community development: General fund $ 1,319,486 $ $ 968,833 $ 1,414,734 CDBG 260,000 58,572 348,691 Revolving affordable housing 105,000 105,000 Department total $ 1,684,486 $ $ 1,027,405 $ 1,868,425 * 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. 3122 Arizona Auditor General Schedule F Official City/Town Budget Forms Exhibit A to Marana Resolution No. 2024-065 Town of Marana Full-time employees and personnel compensation Fiscal year 2025 Total estimated Full-time Employee salaries Other benefit personnel equivalent (FTE) and hourly costs Retirement costs Healthcare costs costs compensation Fund 2025 2025 2025 2025 2025 2025 General Fund 424.60 $ 32,298,153 $ 18,775,033 $ 5,753,105 $ 3,324,062 $ 60,150,353 Special revenue funds Bed tax 2.00 $ 164,525 $ 19,942 $ 51,951 $ 12,956 $ 249,374 Total special revenue funds 2.00 $ 164,525 $ 19,942 $ 51,951 $ 12,956 $ 249,374 Enterprise funds Water utility 36.00 $ 2,702,227 $ 319,087 $ 521,731 $ 249,872 $ 3,792,917 Airport 5.00 286,103 33,700 77,897 40,030 437,730 Water reclamation utility 8.00 582,349 66,996 139,336 59,159 847,840 Total enterprise funds 49.00 $ 3,570,679 $ 419,783 $ 738,964 $ 349,061 $ 5,078,487 Total all funds 475.60 $ 36,033,357 $ 19,214,758 $ 6,544,020 $ 3,686,079 $ 65,478,214 3/22 Arizona Auditor General Schedule G Official City/Towns Budget Forms