1. City of Delavan
2017 Budget

2. 2017 Strategic Goals Addressed
City of Delavan 2017 Budget
Overall Objectives for the City of Delavan
2017 Budget
Provide for 10-Year Capital Plan funded by Current Revenues
Maintain Service Levels While Controlling Expenditures
2017 Strategic Goals Addressed
Reduce Reliance on Debt Issuance
Comprehensive Amendment to Zoning Code Sign Regulations
Support Commercial, Industrial and Residential Development
Continue Downtown Revitalization
Continue Public Safety Strategic Task Force to Ensure Continuation of Quality Public Safety Services
Carryover from 2016-Develop New Park & Open Space Plan
Retain Consultant for Library Task Force

3. 2017 Budget Overview
Maintains General fund balance above minimum guideline established in the budget document, but we are forecasted to drop to 20% from just under 25%.
Unfortunately, approximately $370,000 of General fund balance is proposed to cover operational expenses that exceeded levy and non-levy revenue sources.
Again modified levy to include a portion of fire station debt and new construction growth.

4. 2017 Budget Overview
Achieves key objective of Council to decrease City’s reliance on debt, providing funding for annual CIP program from current revenues and use of approximately $441,000 of fund balance.
General fund revenue reflects a net decrease in State revenues of approximately $15,473.
Expenditures remains below the expenditure restraint program cap by approximately $3,500.

5. Changes Following Publication of Public Hearing Notice
Adjusted Library Fund up $10,000 to fund feasibility study for new building utilizing the fund balance versus the CIP fund.

7. 7

12. Annual Levy Adjustments New Construction
Allocations
Actual /13
Actual /14
Actual /15
Actual /16
Projected /17
General Operations
3,124,750
3,192,723
3,242,477
3,435,254
3,471,450
General Operations (New Construction)
54,481
49,754
22,279
107
26,379
Debt Payments Covered by General Levy
1,948,198
1,641,034
1,688,665
1,452,339
1,470,391
Capital Projects
165,569
459,241
411,610
477,437
423,297
Debt Service (Post 7/1/2005 -Effective 2015/16 Increase Levy to Cover a Portion of Fire Station Debt Service) -
130,499
206,587
Total Levy
5,292,998
5,342,752
5,365,031
5,495,636
5,598,104
Percent Increase
1.83%

13. State Aids Actuals 2011 - 2015, Estimated 2016 & Projected 2017
2012
2013
2014
2015
2016
2017
Actual
Estimated
Projected
State Shared Revenues
420,340
352,069
351,887
351,752
351,683
351,699
351,412
State Fire Ins Tax
24,424
23,691
22,056
24,295
21,750
23,046
24,000
State Owned Facilities
68,785
65,746
135,400
67,160
59,738
76,298
76,794
Police Training
3,420
2,860
3,360
3,680
3,040
Local Streets
882,439
801,068
727,719
661,740
615,297
575,160
549,204
Expenditure Restraint
210,550
204,864
172,339
184,678
193,130
192,726
Exempt Computers
56,171
43,529
42,390
40,522
41,989
44,569
52,500
Recycling
25,826
25,851
25,885
24,461
25,850
1,691,955
1,519,678
1,481,036
1,359,392
1,313,118
1,290,999
1,275,526

14. 2017 Capital Plan (Excludes TIDs & Utilities)
General Fund - Tax Levy Allocation
423,297
General Fund (in lieu of Fire Protection Payment)
462,000
Room Tax Allocation
479,414
State Aid - General Transportation Aids (GTA)
460,522
Adj for Direct Allocation of Additional Room Tax & GTA Rev in lieu of a portion of Levy & FP Transfers)
(683,422)
Grant Revenue Applied
23,673
CIP Other Rev Applied (SSA, Interest, & W&S Payment, Public Safety Bldg. mortgage proceeds)
66,351
Project Reimbursements
82,500
Donations/Fund Raising (1) -
Surplus (Shortfall)
(440,565)
Carryover Applied
CIP Fund Balance Applied
Balance(Shortfall) After Applied Carry-over
Special Revenue Funds (2)
5,000
Net CIP Revenues
1,290,162
Provides for the funding of annual capital program with current revenues & available fund balance

15. Capital Improvement Summary
Total By Project & Category
Fund 400
Fund 430
Fund 440
Fund 445
Fund 610
Fund 620
Facilities (Construction, Expansion & Renovation)
231,000
Public Works
216,000
Parks
15,000
Vehicles and Equipment
412,400
387,400
25,000
Police Operations
167,400
Public Works (Includes Utility Purchases)
245,000
220,000
Street Improvements
2,013,000
981,000
910,000
122,000
Annual Street Program - Construction
911,000
789,000
Annual Street Program - Seal Coating
52,000
Other Street Rehabiltation Projects
1,035,000
125,000
Street Light Systems
Bridge Improvements
Repair
Pedestrian Sidewalk & Bikeway Systems
34,000
Annual Sidewalk Maintance Programs
Park Improvements
21,000
16,000
5,000
Veteran's Park
Delbrook Improvements
65,000
Course Maintenance
Water & Sewer Improvements
93,000
Sanitary Sewer Repairs and Pipe Liner Project
Borg Rd Wastewater Flow Monitoring Station (Impact Fee Funds-Not Incl in Total)
105,000
Other Projects
100,000
75,000
Professional Services - Park & Open Space Plan
TIF #4 Capital Projects
TOTAL
2,984,400
1,754,400
935,000
215,000

16. General Fund Unreserved Fund Balance Delbrook Unrestricted Net Assets
Fund Balance Summary
General Fund Unreserved Fund Balance
Library
CIP
Delbrook Unrestricted Net Assets
Fiscal Year 2016
Beginning Fund Balance (2015 Audit)
2,247,601
117,348
1,351,187
(124,744)
Estimated Revenues
7,998,687
500,374
1,441,748
812,595
Estimated Expenditures
8,160,668
484,429
1,944,486
770,907
Revenues Over(Under) Expenditures
(161,981)
15,945
(502,738)
41,688
Projected Ending Fund Balance
2,085,620
133,293
848,449
(83,056)
Fiscal Year 2017
Beginning Fund Balance
8,215,448
495,121
1,313,835
820,680
8,585,420
505,121
1,754,400
(369,972)
(10,000)
(440,565) -
1,715,648
123,293
407,884

17. City of Delavan Mill Rates
Actuals 2007/ /16 & Projected 2016/2017
Total Levy TID (Out)
Total Levy TID (In)
Assessed Value
Mill Rate
City Tax on $100,000 Value
2007/2008
5,169,258
5,852,345
676,434,500
865.18
2008/2009
5,218,946
5,843,875
679,068,300
860.57
2009/2010
5,902,461
657,138,900
898.21
2010/2011
5,934,446
645,262,600
919.70
2011/2012
5,238,517
5,430,467
595,546,555
911.85
2012/2013
5,292,998
5,485,999
588,331,100
932.47
2013/2014
5,342,752
5,614,745
547,516,300
2014/2015
5,365,031
5,586,064
550,780,800
2015/2016
5,495,637
5,747,818
544,747,300
2016/2017
5,598,104
5,833,789
552,873,300

18. Debt Service Principal Balance Remaining-All Funds

19. Debt Service Maximum G.O. Limit & Available Capacity
Maximum general obligation debt that can be incurred by a municipality is set by Statute at 5% of total equalized value.
Delavan
Equalized Value 1/1/16: $ 550,068,500
5% Debt Limit: ,503,425
Debt Outstanding 12/31/16: ,776,147
Debt Available: ,727,278

20. Action Steps Open the hearing for public comments
Consider public hearing comments
Approve 2017 Budget at the regular Council meeting, Tuesday, November 15th at 6:30 p.m. in the Council Chambers

21. Questions Contact: Denise Pieroni City Administrator
Phone: Extension 115