5. Capital
• Recall for the 2011-2012 budget $1,755,191 was
approved for capital projects.
• $1,000,000 streets maintenance mill and overlay for
sections of 14th Street, 19th Street, and Main Street.
• $755,191 storm water drainage remediation West
Avenue P phase 1.
• To continue this commitment to capital improvements,
$1,756,529 is proposed in the 2012-2013 budget
6. Capital
Borrowing Capacity
• Current capital budget $ 1,756,529
• LESS $250,000 annually for fire truck replacement
• Could use $1,506,529 capital budget for debt service
• Assuming 20 years at 4% we could borrow aprox.
$20,475,000 principal
• Budget impact?
7. Capital
Additional Borrowing Capacity
• Implement a recurring transfer each year from Water
and Wastewater capital
• 1/3 of capital budget after debt service payments
• Aprox. $2,000,000 annually
8. Capital
Borrowing Capacity
• Use $1,506,529 current General Fund capital project
budget
• PLUS $2,000,000 transfer in
• Aprox. $3,506,529 million debt service
• Assuming 20 years at 4% we could borrow aprox.
$47,650,000 principal for street reconstruction and
other improvements
9. 2012-2013 Operating Budget
Goals
Revenue Under/(Over) Expense (1,075,180)
Estimate for Meet & Confer Raises 367,820
Estimate for Raises 550,000
Street Maintenance – Seal Coat 1,200,000
Reduce Property Tax Rate – ½ ¢ 175,000
Animal Services Effort 100,000
Expanded Level Requests 460,000
Gap/Additional Need 1,777,640
10. 2012-2013 Operating Budget
Potential Solutions
Franchise Fees 6% 1,343,165
Stormwater Indirect Cost 120,000
Hotel Occupancy Tax Sports Complex 50,000
Hotel Occupancy Tax Fort Concho 50,000
User Fees 200,000
COSADC pay for Public Info Svcs 10,000
TIRZ 465,229
Parking meters 340,000
Red light cameras 100,000
Total 2,678,394
11. Follow Up
• Direction on specific ideas or solutions to follow up on
• Implementation
12. Tax Supported Services
DEPARTMENT REVENUE EXPENSE NET
CITY COUNCIL 0 121,543 121,543
CITY MANAGER 0 603,478 603,478
LEGAL (INCLUDES
PROP MGT.) (73,148) 666,815 593,667
PUBLIC
INFORMATION 0 158,627 158,627
CITY CLERK (150) 219,643 219,493
CONSTRUCTION
MGT. (90,100) 90,100 0
19. Tax Supported Services
DEPARTMENT REVENUE EXPENSE NET
STREET LIGHTING 0 1,118,829 1,118,829
PARKS (278,453) 2,435,547 2,157,094
WATER LILY 0 86,100 86,100
RECREATION (391,350) 966,054 574,704
CODE COMPLIANCE (121,950) 394,597 272,647
HEALTH ADMIN. 0 119,765 119,765
ANIMAL CONTROL (116,282) 712,612 596,330
20. Tax Supported Services
DEPARTMENT REVENUE EXPENSE NET
MHMR 0 55,423 55,423
POLICE (272,250) 15,162,032 14,889,782
FIRE (2,490,000) 13,102,113 10,612,113
FIRE PREV (136,000) 633,127 497,127
(8,191,857) 56,718,350 48,526,493
* Note: The bulk of * activity is recorded in other funds.
Recall there is $1.7 available for capital. There is a water operating impact on streets.
This is in addition to the $7.5 mill bond scheduled for 2013-2014 for police station remodel and fire station reconstruction. These two bond issuances could be combined for a total of $55,150,000.
So far today we’ve discussed capital. Now we’re moving in to the annual O&M budget.
MD Discuss additional funding vs. cuts Of course we could also dip into the $1.7 mill capital funds budget. EXCEL spreadsheet. What does CiCo want to implement? Already populated with staff recommendation.
1. Leave Payoffs is a huge financial burden to the City. $209,910 is no where near enough to address our emergency needs. In public safety alone leave payoffs exceed $209,910. We could double this budget and just begin to address the leave payoffs in public safety. Fire $291,845.79 Police $157,895.46 PSC $3,494.39 = 453,235.64 2. Insurance includes $1.5 mill in retiree health insurance, property insurance, etc.
We have more detail available for *ed services including program income, grant revenue. We can discuss in more detail with you if you would like.