fy 2012 budget presentation

8/6/2019 FY 2012 Budget Presentation

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FY 2012 Budget Presentation

PO Box 519419 N. Broadway StreetAbilene, KS 67410(785) 263-2550www.abilenecityhall.comhttp://abilene-ks.blogspot.com


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FY 2012 Budget Proposal

City Commission was presented with threeoptions:

1. No Net Increase in General Fund;

2. No Net Increase in All Tax-Levied Funds; or

3. Fully Fund All Requests.


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FY 2012 Budget Proposal City Commission worked towards a budget with no

net increase to the General Fund property tax

revenue.

Proposed increases provide appropriate level offunding for operations:

Airport Fund increased 1.9 mills; and Library Fund increased by 0.9 mills.

No proposed increases to water or sewer utilityrates.


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$11,560,962

$2,956,980

$1,241,193

Operating Funds

Capital Funds

Debt Service

Proposed Budget:$17,816,510


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$6,028,615

$1,907,455

$1,798,375

$530,222$367,500

$928,795

Operating Funds

General

Sewer

Water

Recreation CommissionSpecial Highway

Other


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$316,139

$234,232

$195,422

$125,860

$41,074 $16,068

Other Operating Funds

Library

Tourism andConvention

Airport

Recycling

Special Alcohol andDrug

Special Liability


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$1,241,193$148,840

$426,403

Debt Service

Debt Service

Special Revenue

Community CenterSpecial RevenueLibrary/Pool


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2011 Mill Levy

1.5% increase in assessed valuation

2010: $51,764,450

2011: $52,531,105

One mill equals $52,531 in 2011.

The City can generate the same amount ofproperty taxes with a lower mill levy.


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Assessed Valuation and Mill Levy

0

5

10

15

20

25

30

35

40

$-

$10

$20

$30

$40

$50

$60

1994 1998 2002 2006 2010

Millions

ASSESSED MILL

Average: 31.111Assessed Valuation: 5.4%

37.723

22.023

36.351


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Mill Levy Impact

26.124 25.46520.507

1.283 2.592

7.203

4.523 4.523 5.4240.463

0.4642.17

0

5

10

15

20

25

30

35

40

2010 2011 2012

Capital Improvement

Fire Apparatus

Airport

Library

Debt Service

General


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Mill Levy Breakdown

City, $0.26

State, $0.01

County, $0.33

Rec Commission, $0.02

USD 435, $0.35

Hospital District, $0.02

Cemetery, $0.01


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Mill Levy Residential Impact

Approximate annualized affect on ad valoremproperty taxes for residential properties as

follows:

$65,000 home value: $17 increase

$150,000 home value: $39 increase $250,000 home value: $65 increase


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FY 2012 General Fund Revenues(rounded figures in millions of dollars)

$1.8

$1.3

$0.2

$1.2

$0.6

$0.4

$0.2$0.3

Unencumbered BalanceProperty Tax

Motor Vehicle Tax

Local Sales Tax

Franchise Fees

Intergovernmental Aid

Utility Transfers

Miscellaneous


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FY 2012 General Fund Expenditures(rounded figures in millions of dollars)

$2.0

$1.2$0.7

$1.2

$0.1

$0.3

$0.3 $0.2

Administration

Police

Fire

Streets

Flood ControlPark Facilities

Community Development

Court



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General Fund Services

Law Enforcement

Animal Control

Fire Protection

Park Maintenance

Municipal Court

Planning

Building Inspections

Code Enforcement Street Maintenance Swimming Pool


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FY 2012 General Fund Notes

Internal Appropriations:

Police Patrol Vehicles: $129,000

Crack Sealing Machine: $40,000

Fire Chief Truck: $35,000

Tennis Court Resurfacing: $25,000

Tandem Axle Dump Trailer: $8,000


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Internal Appropriations (cont.):

Police Overtime: $20,000

Police Part-time Pay: $5,500

Firefighter Volunteer Pay: $3,000

CVB Transfer: $25,000

Capital Improvement Transfer: $100,000


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Outside Agency Appropriations:

Arts Council: $1,500

Great Plains Theater: $3,500

Municipal Band: $9,000

Quality of Life Coalition: $3,500


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Other Tax-Levied FundsFund Proposed Budget Ad Valorem Taxes

Debt Service 1 $1,241,193 $378,360

Airport $195,422 $114,000Library $316,139 $284,943

Fire Apparatus 2 $96,785 $30,000

Capital Improvement 2 $554,024 $25,000

1 Quasi-operational funds2 Capital funds (non-operational)


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Debt Service Fund Transfer of 5 mills from General Fund to Debt

Service Fund

Payments on G.O. Bonds issued for E. First StreetRehabilitation Project ($2.2 million).

Total annual debt payments of $2.3 million on

$28.1 million of outstanding debt obligations.

G.O. Debt restricted to 30% assessed valuation;2011 Statutory Debt Limit is $15.8 million (32%)


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Municipal Debt Portfolio

22%

0%

37%

2%

39%

0% 0% General ObligationBonds

Revenue Bonds

G.O. Special BenefitBonds

Lease Purchases

State Revolving Loans

Certificates ofParticipation

Temporary Notes


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Airport Fund

74% of proposed increase is for improvedoperations:

Pavement maintenance (runway and taxiway) perFAA requirements;

Snow removal; and

Structural repairs on T-Hangar.

25% of proposed increase builds cash reserve forairport operations and future airport projects.


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Airport Fund

Airport Advisory Committee recommendedincreasing T-Hangar lease rate from $60 to $90

per month (33% increase).

Increased revenue goes directly into airport

operations and capital improvements.


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Library Fund

Proposed increase is for changes in operations:

Recent renovation added floor space resulting in

increased utility expenses.


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Non-Tax-Levied FundsFund Proposed Budget Funding Source

Special Highway $367,500 Kansas Gas Tax

Recycling $125,860 Recycling FeesSpecial Parks and Recreation $27,102 Local Alcohol Tax

Special Alcohol and Drug $41,074 Local Alcohol Tax

Storm Drainage $401,696 Storm Drainage Fee

Tourism and Convention $234,232 Transient Guest Tax


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Non-Tax-Levied FundsFund Proposed Budget Funding Source

Special Liability $16,068 Transfer

Equipment Reserve $240,000 TransferWater Equipment Reserve $407,777 Transfer

Sewer Equipment Reserve $654,353 Transfer

Special Revenue Community Center $148,840 Sales Tax (sunset)

Special Revenue Library/Pool $426,403 Sales Tax

Recreation Commission 1 $530,222 Property Tax

1 Mill levy approved by Recreation Commission


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FY 2012 Water Fund Revenues(rounded figures in millions of dollars)

$1.5$0.2

$0.2

$0.2

$0.3

Water Sales

Unencumbered Balance

Penalties

Water Protection Fee

Miscellaneous


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FY 2012 Water Fund Expenditures(rounded figures in millions of dollars)

$0.5

$0.3

$0.2$0.7

$0.6Production

Distribution

Administration

Transfer

Debt Service



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Water Fund Expenditures Breakdown

Production, $0.31 Distribution, $0.19

Administration, $0.13

Transfers, $0.04 Debt Service, $0.33


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FY 2012 Sewer Fund Expenditures(rounded figures in millions of dollars)

$0.5

$0.3

$0.2$0.7

$0.6 Production

Distribution

Administration

Transfer

Debt Service



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Sewer Fund Expenditures Breakdown

Collection, $0.05

Treatment, $0.13

Transfers, $0.04

Commercial, $0.61 Debt Service, $0.19


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Next Steps City Commission may take the following actions:

Approve FY 2012 Budget as presented;

Approve FY 2012 Budget with changes, except thatchanges may not exceed published tax levies; or

Republish Notice of Budget Hearing to considerbudget with tax levies in excess of those published.


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Next Steps City Commission conducts Public Hearing at

July 25 meeting.

City Commission to consider FY 2012 Budget forapproval at August 8 meeting.

Approved budget submitted to County Clerk byAugust 25.

Fiscal year commences January 1, 2012.


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Additional InformationThis presentation and other resources will be made

available on the Citys website:

FY 2012 State Budget Form

FY 2012 Budget Brief

General Budgetary and Financial Policy

Debt Schedule


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FY 2012 Budget Presentation

PO Box 519419 N. Broadway StreetAbilene, KS 67410(785) 263-2550www.abilenecityhall.comhttp://abilene-ks.blogspot.com

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