1. PUBLIC HEARING ANNUAL BUDGET fiscal year 2017
“The only thing worse than being blind is having sight but no vision.”
Helen Keller
City of Mustang

2. General Fund Projected Beginning Balance $ 2,100,000
Projected Revenues $21,296,875
Projected Expenditures ($21,433,559)
Projected Ending Fund Balance $ 1,963,316

3. General Fund – Revenue
The General Fund is the City’s primary operating fund and the source of day- to-day operations. The General Fund is significantly reliant on sales tax revenues for operations.
Staff has projected sales tax revenue to remain flat due to the current downturn in the economy facing all Oklahoma municipalities. The City of Mustang has been very fortunate over the last year as general revenues have remained flat.
Sales and use tax are both running alongside with last year's receipts

4. General Fund – Expenditures

5. General Fund – Expenditure Changes
Financing the City’s operations.
Strategies were implemented to reduce operational department budgets by 5%.
No change - Oklahoma Municipal Retirement Fund (11.79%), Police (13%), and Fire (14%).
Recommended transfer to Risk Management Fund from $75,000 to $100,000 to cover annual excess workers compensation coverage . Shared costs with the MIA.
The budget does not include merit increases for all employees. The FY budget includes job reclassifications for two positions in the ball complex division.

6. General Fund – Expenditure Changes
Premium Healthcare
Rate Increase of 7.5%
Budget includes a plan premium rate increase of 7.5% in costs associated with employee health care. The national average is between 9-19%. Once again, this is the beneficial result of joining the Oklahoma Public Employees Health and Welfare Consortium.

7. Other Funds
General Fund Reserve – Transfer of 5% hotel tax. Council shall determine use of funds. Projected ending balance of $16,100.
Impound Fee – Service for impoundment. Projected ending balance of $22,600.
Park Improvement – Restricted for improvements to and development of park system. Projected ending balance of $0.
Alcohol Enforcement – restricted for enforcing alcohol and substance abuse. Projected ending balance of $0.
Library – Restricted for library operations, local programs and capital purchases. Projected ending balance of $0.
Traffic Enforcement – Restricted for capital and training related to traffic enforcement. Projected ending balance of $6,200.
2012 GO Bonds – Restricted for new baseball complex and Town Center expansion. Projected ending balance of $0.
Employee Flex Spending – Pretax income for health care claims. Projected ending balance of $3,700.
Park & Recreation Donation – Restricted for park and recreation events and projects. Projected ending balance of $5,000.
Street & Drainage Improvement – Restricted for street projects and repairs. $20,000 sidewalk project, $116,000 E. Plantation Terrace/Mustang road traffic signalization, $42,500 railroad crossing at Czech Hall Road/89th Street (Federal Aid RR Safety Project). Projected ending balance of $955,500.
Debt Service – Restricted for retiring general obligation bonds. Projected ending balance of $233,950.
2014A Series Notes, 2014B Series Notes, Sewer Infrastructure, & 2013 Series Notes – Restricted for utility system capital assets.
Risk Management – Restricted for self-insurance worker’s compensation claims. Projected ending balance of $405,000.
MIA Reserves – Restricted for water and wastewater facility and line maintenance and construction. Projected ending balance of $793,700.
Depository – Restricted for deposits for utility services. Interest earnings transferred to MIA at year-end.

8. Limited Purpose Fund Projected Beginning Balance $ 840,000
 The Limited Purpose Fund is a capital project fund used to purchase capital outlay, including the acquisition or construction of capital facilities, or other capital assets. The restricted 3rd penny sales tax collected (MIA) in excess of debt payments are set aside to the Limited Purpose Fund.
Resolution amended to read ‘10% of sales tax revenue received in excess of $800,000 per month’.
Projected Beginning Balance $ 840,000
Projected Revenues $ 890,000
Projected Expenditures $(764,036)
Projected Ending Fund Balance $ 965,964

9. Limited Purpose Fund - Capital Outlay Spending
Library – RFID (radio frequency identification ($12,000);
Parks and Recreation – accessible playground ($50,000), hammer strength dumbbell set ($5,194), two Wi-Fi connections ($2,600), park video security system ($20,000), sprinkler covers ($2,000);
General Government – Microsoft upgrade (15) police mobile terminals ($4,151), Elite desk (14) new computers ($14,886), upgrade Microsoft 2016 Standard (72 units) – ($19,927), upgrade Microsoft 2016 Pro Plus (23 units) – ($8,689);
Town Center – two new HVA units ($15,132), Christmas lighting ($5,000), window tinting in Senior Center-game room ($2,439), new switch for computer system ($3,767), banquet kitchen warming oven ($4,699), new carpet in facility ($21,000), new tile in Senior Center ($14,000);
Ball Complex – field and bunker rake ($16,000), three drop in ceiling ($13,500), walk in refrigerator ($18,194), five softball scoreboards ($45,000) ;
Aquatic Center – sound system ($5,642), 162 lounge pool chairs ($18,709);
Community Development – Extended cab truck ($32,050), comprehensive plan update ($60,000);
Police – New Vehicles ($45,996), Prior Year Leases – Vehicles ($107,111), diesel generator ($70,905), RTU HVAC unit ($39,445);

10. Limited Purpose Fund - Capital Outlay Spending
CONT’D
Fire – desktop computer ($2,000)
Street Division – directional signs in City ($25,000), two welcome to Mustang signs ($20,000), mower ($24,000)
Water Division – Resolution infrastructure ($15,000)
Sub-total of Capital Requests ($764,036)
Reserves for fund balance ($965,964)
Total - $1,730,000

11. Mustang Improvement Authority
 The Mustang Improvement Authority (MIA) was created June 4, 1963 to finance, develop and operate the water, sewer and solid waste activities.
These activities are financed primarily by user charges and similar to the private sector.
This fund accounts for activities of the public trust in providing water, wastewater, sanitation, and recycling to the public.
Projected Beginning Balance $ 2,150,000
2014B Restricted Carryover $ 6,942,020
Projected Revenues $17,754,020
Projected Expenditures $(17,932,015)
2014B Construction Projects $( 6,942,020)
Projected Ending Fund Balance $ 1,972,005

12. Mustang Improvement Authority - Revenues

13. Mustang Improvement Authority - Expenditures