Additional FTE - 11 Increase in overall Personnel – 5% (compares to 8% in FY2015, 7% in FY2014, 2% in FY2013) $87,225 in on-going operating $1,226,099.

• Additional FTE - 11• Increase in overall

Personnel – 5% (compares to 8% in FY2015, 7% in FY2014, 2% in FY2013)

• $87,225 in on-going operating

• $1,226,099 1X operating

• $23.9 million capital• $1.8 million

replacement equipment and vehicles

• Single family residential building starts have been consistent since 2013 and expected to be through 2017, market is expected to have a cooling period.

• Exception is 2014 when foreclosed and under water homes gained enough value to go back on the market.

• Multifamily building starts have surged, changing the market and changing forecast methods. Multifamily permit and connection fee revenue is not a straightforward calculation . Generally, revenue is less.

• Changes service delivery• Next boom and bust?

Commercial revenue is more difficult to project because projects vary in size and value, and fee calculations are complicated. Revenues from commercial projects are much lower than those from residential development.

• Examples; Connection Revenue

of total $6.2 million collected in 14% ($860,398) is commercial.

Property Tax - 31% of

property tax revenue we collected in FY2014 was from commercial properties.

• The tax year is a calendar year – tax year 2015 with be collected in the City’s fiscal year 2016

• New construction during 2015 can be added in using the prior year levy rate. In FY2016 we will collect $1,261,887.

• Annexations completed in FY2015 can also be added in using the prior year levy rate. In FY2016 we will collect $76,675. (Meridian Heights)

• We are allowed to increase prior year property tax by 3%, this translates to $724,000.• Revenue up about $2 million dollars between FY2015 and FY2016.

• Total taxable value up 14%; includes increases in property value and new development • New construction amount decreased 18%• Levy rate went from .004005842 to .003825861 - All numbers received from Assessors

Office will likely change

• The “Sample of Six” had property value changes all over the map, from a gain of 18% to a loss of 3%. The average 5% gain.

Total City ReplacementsComputers/Software Equipment/FurnishingsFire $18,850 Fire $109,895Police $90,650 Police $47,505Administration $58,500 Administration $15,400Parks $6,300 Parks $440,962Water $9,300 Water $9,000PW Admin $7,300 PW Admin $3,000WWTP $6,500 $625,762

$197,400

Vehicles/EnginesFire 590,680$ Police 327,500$ Administration 40,000$ Water 70,000$ WWTP 35,000$

1,063,180$

Personnel Stats

Built in Base

Police Step Plan $97,448

Fire FighterContract IncreaseAcross Board $90,916

3% Merit Pool

General Admin $61,188Police - non sworn $45,171Fire non contract $23,462Parks $37,734Community Development $33,071

$200,626

Enterprise Fund $233,184

Employee Count FY2016

Draft Budget FY2015 BudgetAdministration

City Clerk 7 6City Hall 2 2Council 7 6Finance 10 10Human Resources 5 5

Information Technology 13 13

Legal 5 5

Mayors Office 6 5.50

Other Government 2 2.00

56.50 54.50Community DevelopmentBuilding Department 6 6Economic Develop 1 1Planning 7 6.50CD Administratiom 2 2

16 16

Fire 71.5 72Police 122.5 118Parks 24 23

Total General Fund 290.50 281.50

MUBS 7 7.0 Public Works 41 39.0 Water 22 22.0 Waste Water 38 38.0

Total Enterprise Fund 108 106

General Fund FY2016 Budget Addition Requests

General Government

Personnel 870,713$ Operating 83,805$

One-Time Operating 610,644$ New Capital 5,733,910$

Replacements 1,744,957$ 9,044,029$

GF FTE RequestClerk 1

Council 1Parks 1.50Police 5

8.50

Going INTO CIP Fund BalanceFrom CD - $725,000From FY2014 - $1,400,000Projected FY2015 Ending Balance with $1.4 million = $3.9 Million

Unrestricted General Fund BalanceOperating Reserve

FY2016 Projection FY2015 Budget FY2014 Actual FY2013 Actual FY2012 Actual FY2011 Actual FY2010 Actual

Unrestricted General Fund Balance $21,428,803 $18,366,521 $15,709,201 $16,436,748 $16,974,182 $17,550,926 $19,645,034

Operating Reserve $10,000,000 $10,000,000 $11,457,442 $10,128,612 $7,848,121 $8,539,030 $8,217,368

Available $11,428,803 $8,366,521 $4,251,759 $6,308,136 $9,126,061 $9,011,896 $11,427,666

• Enterprise Funds, or Proprietary Funds are not like Governmental Funds and they are not accounted for like Governmental Funds.

• Two Fund designations; Net Invested in Capital Assets (capital assets minus accumulated depreciation, used by the business to create revenue) and Unrestricted Net Assets (cash and investments available to the business to pay costs of operations).

• To really predict fund balance have to estimate cash inflows and outflows, not just budgeted amounts.

• The only other allowed fund designation is Restricted Net Assets, it can be imposed only by outside bodies; creditors, enabling legislation, or constitutional provisions.

"Environmental Protection Agency" FeePer account $3.75FY2016 total $1,350,000 Effective 9/20/2014WaterBase Rate $5.49 Effective 9/20/2014Per 1000 gallons $1.90 2% increaseSewerBase Rate $8.65 Effective 9/20/2014Per 1000 gallons $5.54 2% increase

FY2014 Breakout of Service Charges (based on ERU estimates) Multi-family - $1,228 per UnitResidential - $3,186 per HomeCommercial - $102.74 per square foot, permit is 1% of project value

Enterprise FundFY2016 Budget Addition Requests

FY2016 Budget Enhancement RequestsEnterprise Fund

Personnel $144,966Operating $3,420

One-Time Operating $681,455New Capital $18,160,000

Transfers Out $160,359Replacements $140,100

$19,290,300

Out There Somewhere in the Near Future• Next Fire Station – Personnel and Operating -

$1,300,000 on the low end. • Personnel and Operating a recreation centers -

$500,000• Court house – ? We collect $500,000 in fine revenue• Environmental Protection Agency Permit• Support Staff – tools to pull the info we need to ride the

next wave, cost of service, performance measurement, priority based budget, strategic planning

• Health Insurance – rising cost, FF want after employment benefits