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FY 2017 BudgetHearing September 8, 2016 Mike Loftin, Assistant City Manager - Finance 1
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City Council Budget Schedule June 23 – Budget and Capital Improvement Plan (CIP) Council Workshop #1 July – City Council members provided individual priorities to City Manager July 28 – Proposed CIP distributed to City Council July 28 – Budget and CIP Council Workshop #2 August 11 – Proposed Budget presented to City Council August 25 – Proposed Budget and CIP Workshop #3 - Public Hearing on Tax Rate September 8 - Council considers adoption of FY 2017 Budget and CIP - Public Hearings on Tax Rate and Budget September 22 – Council considers adoption of Budget and CIP if necessary - Council adopts FY 2017 Tax Rate 2
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Highlights – FY 2017 Overview Operating Budget is $139.3 million including all operating funds -Up from $130.7 million in FY 2016 -$19.7 million in Special Revenue Funds carried over from FY 2016 -Capital Budget is $79.2 million for all programs and sources Projected Balances -Operating funds have projected balances in FY 2017 of $37.1 million -Includes General Fund Balance contingency of $5.63 million; at request of Finance and Fiscal Affairs Committee, budget ordinance will require one public hearing before City Council can allocate these funds -General Fund also includes $2.29 million Pension Contingency and ninety day reserve of $12.8 million -Capital fund cash balances projected to be exhausted in FY 2017 -New bond sales required for continued progress in FY 2017 3
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Revenue Highlights No increase in water and sewer rates for FY 2017 Property tax rate going down from $0.529 to $0.526 due to GCAD increase in taxable value; Effective rate is $0.490728; Rollback rate is $0.526096 -7.7 percent revenue increase assumed over FY 2016 Sales tax revenue growth projected to be two percent over FY 2016 Hotel occupancy tax revenue assumed to show no growth over FY 2016 Other revenue is projected between no growth and 3 percent increase based on historical trends 4
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Expenditure Highlights Employee Compensation and Benefits -$1.38 million citywide for Police, Fire and civilian employees pay -$270,000 for potential health benefits increase -$1.2 million in General Fund for pay and health benefits -$2.3 million contingency for pensions General Fund transfer to Infrastructure and Debt Service Fund increases $575,000 to $2.6 million: 5 percent of FY 2017 General Fund Budget Bond sale proceeds -$12.3 million property tax supported bonds for Streets and Drainage requiring voter approval in November or May -$22.4 million in revenue supported Water and Sewer bonds requiring City Council approval 5
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Program Highlights: Public Safety Police: $749,000 operating budget increase -Seven new officers (COPS Ahead grant) -Two additional dispatchers -Realistic overtime budgets -Patrol car computers’ incremental replacement Fire: $152,719 operating budget increase -Adequate funding for regular replacement of protective gear -Personnel cost including annualized cost of second Assistant Chief -Construction of new Fire Station #1 (with CDBG funds) 6
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Program Highlights: Streets Streets: $596,393 overall operating budget increase - 6.5 new positions and additional materials for crack seal crew and general street operations crew -CIP: $13.3 million for projects including streets milled and overlaid in-house FY 2017 CIP: $14.6 million total (with Traffic) requiring $10.1 million in new bonds - 25 th Street from Broadway to Seawall -73 rd Street from Heards Lane to Avenue N ½, -Replacement of Strand pavers -45 th Street from Avenue O to Avenue S -26 th Street from Broadway to Church and Avenue N to Broadway -Updated streets assessment 7
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Program Highlights: Traffic Traffic: $349,301 operating budget increase -4 new positions for traffic operations and special events -25,000 feet of restriping through annual contract -$50,000 increase in Street Lighting electricity budget to $728,000 -CIP: $1.3 million -$1 million for Broadway Lighting Improvements, -Signal and intersection improvements at 61st and Seawall, and -Traffic signal synchronization at four intersections on 61 st and Stewart Road. 8
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Program Highlights: Drainage Drainage: $615,374 operating budget increase (net of improvements fund set aside) -Transfer of personnel from streets to drainage to focus more effort on drainage including ditch cutting and culvert setting -Storm sewer sediment and debris cleanout program through annual contract -Technology Improvement Fund project to bill runoff fee to all properties in the City -CIP: Inspection of storm sewer outfalls Avenue L at 62 nd Street and 63 rd Street -Investigation of retention/pumping strategy for Harborside drainage issues 9
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Program Highlights: Water Operating budget: $1.7 million increase -Gulf Coast Water Authority increase of $575,000 including balloon payment for contract revenue debt -New water valve testing, maintenance and replacement program including a new three person crew and annual contract ($1 million from CIP) -Fire hydrant program continues with repairs to 400 hydrants in FY 2017 CIP: $30.5 million in projects requiring $12 million in new bonds -Replace thirty inch 1890 water line from mainland with thirty six inch line ($7.8 million) -At 59 th Street pump station, rehab water tanks, construct new 7.5 million gallon storage tank, and design new twenty four inch water line to Airport with construction in FY 2018 ($14 million total) -Rehab wells at locations around city, rehab water tanks at 30 th Street Pump Station, build new lines on 30 th Street and Gulf Drive. 10
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Program Highlights: Sewer Operating Budget: $1.1 million increase -Additional sewer line cleanout crew -Net annual increase in cost for full year’s operation of new Wastewater Treatment Plant Operations including four operators, electricity and supplies ($850,000) CIP: $20.6 million in projects requiring $10.4 million in new bonds -Lift station pump and electrical upgrades ($2 million) -Sewer rehab and repair ($1 million) -Pirates Beach WWTP reconstruction ($6.4 million) -Airport WWTP mitigation and recovery ($5.9 million) -Sludge removal from main WWTP ($1 million) -West End sanitary sewer improvements including design of Sunny Beach 8 Mile Road project ($2.9 million total) 11
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Public Comment 12
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