1. CITY OF MONROE FISCAL YEAR 2010-2011 BUDGET PRESENTATION EDWARD SELL, FINANCE DIRECTOR

2. Budget Documents Budget Document Budget Document Line item budget reports Line item budget reports Budgeted Positions Report Budgeted Positions Report

3. Budget Process/Calendar See Calendar Handout See Calendar Handout –April 5, 2010 – First Reading of Budget Ordinance –April 19, 2010 – Second Reading, Public Hearing, Adoption –Work sessions scheduled for 3/27, 3/29, 3/30, & 3/31 others scheduled as needed –Adoption must occur by April 30, 2010

4. Budget Process/Calendar Includes review of FY09-10 budget Includes review of FY09-10 budget Final amendment for FY 09-10 ??? Final amendment for FY 09-10 ??? Millage rates, fee increases, and other budget operating authorizations approved with the adoption of the budget ordinance Millage rates, fee increases, and other budget operating authorizations approved with the adoption of the budget ordinance

5. FY 09-10 Budget Status- General Fund

6. General Fund Budget FY11 Original budget submitted - $1.6 million deficit Original budget submitted - $1.6 million deficit Budget submitted is balanced Budget submitted is balanced Capital budgeted at.98 mills, $841,262 Capital budgeted at.98 mills, $841,262 Former Capital Items now as Debt Service -.19 mills, $160,285 Former Capital Items now as Debt Service -.19 mills, $160,285 All CIP items approved are included All CIP items approved are included

7. PERSONNEL BUDGET ESTIMATES TOTAL FULL-TIME POSITIONS BUDGETED=162,FY10=182 205-FY09, 239-FY08, 250-FY05 TOTAL FULL-TIME POSITIONS BUDGETED=162,FY10=182 205-FY09, 239-FY08, 250-FY05 WAGE INCREASES- 2.00% BUDGETED WAGE INCREASES- 2.00% BUDGETED HEALTH INSURANCE (MEDICAL AND PRESCRIPTION) – 1/1/2010 RATES PROVIDED BY BROOKS INSURANCE INCREASED 20% PLUS 10% ON 1/1/2011 HEALTH INSURANCE (MEDICAL AND PRESCRIPTION) – 1/1/2010 RATES PROVIDED BY BROOKS INSURANCE INCREASED 20% PLUS 10% ON 1/1/2011 POST-RETIREMENT HEALTHCARE – 31.5 TO 34.3% OF PAY (See next slide) POST-RETIREMENT HEALTHCARE – 31.5 TO 34.3% OF PAY (See next slide) PENSION CONTRIBUTION PENSION CONTRIBUTION –FIRE (51.53%), POLICE (26.96%), HYBRID (4.6%), GENERAL (0.00%) –TOTAL CONTRIBUTION $1.568 MILLION, GF - $1.502 MILLION ($90k INCREASE) ACTUARIAL STUDIES-DUE MAY/JUNE 2010 ACTUARIAL STUDIES-DUE MAY/JUNE 2010

8. Retiree Health Care Liability $4,873,182 = ARC for FY2010 $4,873,182 = ARC for FY2010 $3.0 million budgeted $3.0 million budgeted –$1.89 million General Fund 2010 amended budget = $2.775 million 2010 amended budget = $2.775 million Pay as you go cost - $2.8 million Pay as you go cost - $2.8 million New actuarial valuation in 2010 New actuarial valuation in 2010

9. General Fund FY 10-11 Budget Status $1,616,526 REPRESENTS STRUCTURAL DEFICIT-FUND BALANCE WOULD BE REDUCED TO $1,465,788

10. BUDGET BALANCING See handout See handout –21 positions eliminated –COPS Grant to be cancelled –Eliminate Ambulance Service, 1 Station –Eliminate Tuition Reimbursement Budget –Establish Administrative Services Pool –Eliminate Mosquito Spraying –Gates closed at DPS –Transition year for Recreation-Pool closed 2010 –Elimination of MMSC Operating Subsidy –5% Revenue Sharing Reduction

11. Budget Balancing Continued Continued –Water Fund Loan Refinance –ALCC Appropriation Reduction –Building Safety Fund Subsidy Elimination

14. Budgeted Position Changes by Union

15. Property Tax Revenue Detail PTAF=PROPERTY TAX ADMINISTRATION FEE

16. PROPERTY TAX REVENUE- ESTIMATED TAXABLE VALUE FIGURES ARE ESTIMATES AND NOT FINAL TOTAL EQUIVALENT TAXABLE VALUE = $857,963,232 2011 TOTAL INCLUDES BRIDGE MILLAGE

17. STATE REVENUE SHARING

18. State Revenue Sharing

19. General Fund Revenue

20. PERSONNEL COST % OF TOTAL

22. General Fund Expenditures

23. OTHER GENERAL FUND ITEMS INTEREST INCOME BUDGETED AT.50% INTEREST INCOME BUDGETED AT.50% WASTEWATER ADMIN FEE INCREASE- 3.25% TO 4.74% WASTEWATER ADMIN FEE INCREASE- 3.25% TO 4.74% CONTINGENCY BUDGETED AT $190,000 CONTINGENCY BUDGETED AT $190,000 OTHER ISSUES WITH DEPT. PRESENTATIONS OTHER ISSUES WITH DEPT. PRESENTATIONS

24. MULTI-SPORTS COMPLEX

25. OTHER FUND BUDGETS TO REVIEW MAJOR STREET MAJOR STREET LOCAL STREET LOCAL STREET REFUSE FUND REFUSE FUND BUILDING SAFETY BUILDING SAFETY WASTEWATER WASTEWATER WATER WATER

26. MAJOR STREET FUND All 2011 CIP programs funded All 2011 CIP programs funded Projects Fund Balance of $367,422 at 6/30/11 Projects Fund Balance of $367,422 at 6/30/11 Fund Balance is 48% of Operating Expenditures Fund Balance is 48% of Operating Expenditures

27. MAJOR STREET FUND

28. LOCAL STREET FUND All 2010 CIP Funding included All 2010 CIP Funding included Estimated Fund Balance at 6/30/11 = $390,444 Estimated Fund Balance at 6/30/11 = $390,444

29. REFUSE FUND REFUSE MILLAGE RECOMMENDED TO REMAIN AT 1.448 MILLS REFUSE MILLAGE RECOMMENDED TO REMAIN AT 1.448 MILLS SERVICES PROVIDED SERVICES PROVIDED –STREET SWEEPING –REFUSE REMOVAL –LEAF BAGS

30. REFUSE FUND SUMMARY

31. BUILDING SAFETY FUND Initial Budget - $86,000 subsidy from General Fund Initial Budget - $86,000 subsidy from General Fund CDBG Grant Use CDBG Grant Use Personnel Reallocation Personnel Reallocation Capital Project Work Capital Project Work Rental Inspection Revenue Rental Inspection Revenue

32. WASTEWATER FUND 7.8% INCREASE IN COMMODITY RATE AND 4.4% INCREASE IN THE QUARTERLY SERVICE CHARGE RECOMMENDED 7.8% INCREASE IN COMMODITY RATE AND 4.4% INCREASE IN THE QUARTERLY SERVICE CHARGE RECOMMENDED 7.3% INCREASE OR $19.76 PER YEAR, AVERAGE 7.3% INCREASE OR $19.76 PER YEAR, AVERAGE COMMODITY RECOMMENDED TO INCREASE FROM $2.38 TO $2.57 COMMODITY RECOMMENDED TO INCREASE FROM $2.38 TO $2.57 ADMINISTRATIVE FEE RECOMMENDED TO INCREASE FROM $13.02 TO $13.59 ADMINISTRATIVE FEE RECOMMENDED TO INCREASE FROM $13.02 TO $13.59 FUND IS STILL IN GOOD FINANCIAL CONDITION FUND IS STILL IN GOOD FINANCIAL CONDITION

33. WATER FUND COMMODITY RATE RECOMMENDED TO INCREASE FROM $1.31 TO $1.33 COMMODITY RATE RECOMMENDED TO INCREASE FROM $1.31 TO $1.33 DEBT SERVICE FEE INCREASE FROM $3.54 TO $4.33 TO COVER DEBT ISSUES DEBT SERVICE FEE INCREASE FROM $3.54 TO $4.33 TO COVER DEBT ISSUES THE FUND SHOULD BUILD UP WORKING CAPITAL THE FUND SHOULD BUILD UP WORKING CAPITAL

34. OTHER FUNDS SEE LINE ITEM REPORTS PROVIDED SEE LINE ITEM REPORTS PROVIDED

35. NEXT STEP DEPARTMENT BUDGET PRESENTATIONS DEPARTMENT BUDGET PRESENTATIONS SEE SCHEDULE AND DEPARTMENTAL BUDGET RESPONSIBILITY SEE SCHEDULE AND DEPARTMENTAL BUDGET RESPONSIBILITY

36. QUESTIONS/DISCUSSION