Town of Carrboro FY 2015-2016 Recommended Budget May 5, 2015.

Town of CarrboroFY 2015-2016

Recommended Budget

May 5, 2015

Goals for FY 2015-2016 Town Budget

• Implement the Board’s strategic priorities

• Manage costs while improving services

• Develop a balanced budget with no property tax rate increase

Recommended BudgetFund Budget

General Fund $21,559,541

Special Revenue Fund $775,506

Capital Fund $7,065,382

Total All Funds $29,400,429

General Fund Revenue Budget

FY 2013/14Actual

FY 2014/15 Budget

FY 2015/16Recommended

Budget

Change ($)

Change (%)

Property Tax $11,792,234 $12,166,764 $12,315,470 $148,706 1.2%

Local Sales Tax $3,567,123 $3,371,537 $3,825,686 $454,149 13.5%

All Other Revenue

$4,739,018 $5,775,502 $5,418,385 ($357,117) (6.2%)

Total Revenues

$20,098,375 $21,313,803 $21,559,541 $245,738 1.2%

Property Tax Revenue

FY 2013/14 Actual

FY 2014/15 Budget

FY 2015/16Recommended

Budget

Change fromFY

2014/15 Budget

Change (%)

Assessed Valuation $2,088,514,087 $2,033,220,055 $2,109,399,228 $20,885,141 1.0%

Tax Rate $0.5894 $0.5894 $0.5894 $0.0000 0.0%

Revenue $11,792,234 $12,166,764 $12,315,470 $148,706 1.2%

Local Sales Tax Revenue

Fiscal Year Amount Dollar Change

Percent Change

FY 2009-10 Actual $3,039,932 ($97,904) (3.1%)

FY 2010-11 Actual $3,113,356 $73,424 2.4%

FY 2011-12 Actual $3,308,060 $194,704 6.3%

FY 2012-13Actual $3,427,678 $119,618 3.6%

FY 2013-14 Actual $3,567,123 $139,445 4.0%

FY 2014-15 Budget $3,371,537 ($195,586) (0.5%)

FY 2015-16 Budget $3,825,686 $454,149 13.5%

All Other Revenue Sources

FY 2013/14 Actual

FY 2014/15 Budget

FY 2015/16 Budget

Change ($)

Change (%)

Intergovernmental $1,757,458 $1,511,120 $1,523,243 $12,123 0.8%

Other Taxes & Licenses $1,316,876 $519,728 $879,378 $359,650 69.2%

Fees & Permits $1,249,319 $1,336,731 $1,233,402 ($103,329) (7.7%)

Other Financing Sources

$0 $2,006,196 $1,374,036 ($632,160) (31.5%)

All Other $415,365 $401,727 $408,326 $6,599 1.6%

Total – All Other Revenue Sources

$4,739,018 $5,775,502 $5,418,385 ($357,117) (6.2%)

Personnel

Department FY 2014-15 Positions

FY 2015-16 Positions Change

General Government 17.5 18.0 0.5Police 42.0 42.0 0

Fire & Rescue 37.0 37.0 0Planning 14.0 13.5 (.5)

Recreation & Parks 12.5 13.0 0.5Public Works 35.0 35.0 0

Total 158.0 158.5 0.5

2.0% COLA Cost ImpactAdditional Salary Cost $159,312

Additional Benefits Cost* $27,593

Total Cost $186,905

*FICA, Local Government Employee Retirement System, and Supplemental Retirement Program

Basis for COLA Recommendation

Fiscal Year Salary Adjustment CPIEmployee& Children

(Annual Cost)

Employee& Spouse (Annual

Cost)

Family(Annual

Cost)

2009-2010 None 4.3% $2,416.80 $3,088.08 $4,967.76

2010-2011 $455 Lump Sum 1.4% $2,731.20 $3,489.60 $5,613.84

2011-2012$750 - $1,250 Lump Sum 4.0% $2,953.80 $3,774.24 $6,071.76

2012-2013 3% COLA 3.2% $2,867.76 $3,664.32 $5,894.88

2013-2014 1.9% COLA 1.9% $2,867.76 $3,664.32 $5,894.88

2014-2015 2.0% COLA 1.9% $3,146.88 $4,021.20 $6,468.48

2015-2016 2.0% COLA 1.9% $3,779.86 $4,825.44 $7,762.18

Housing Wage Strategy• In FY 2014-15, 15 Positions < $31,158 Housing Wage

• Identified strategy would take seven of 15 to Housing Wage in

FY 2014-15

• Goal for FY 2014-15 has been accomplished; seven positions

combination of COLA & Merit have actual salary range between

between $31,288 and $33,009

• Recommend Final Implementation by FY 2016-17

FY 2015-16 Housing Wage Adjustment

Note: Employees receiving Housing Wage Adjustment would not receive 2% COLA adjustment.

Position Current Salary

COLA & Housing

Wage Adjustment

New Annual Salary

FICA LGERS 401 K Salary Increase

GROUNDSKEEPER I $28,519

$2,639

$31,158

$202

$176

$79 9.3%

PROGRAM SUPPORT ASSISTANT I $28,532

$2,626

$31,158

$201

$175

$79 9.2%

GROUNDSKEEPER I $29,032

$2,126

$31,158

$163

$142

$64 7.3%

GROUNDSKEEPER I $29,032

$2,126

$31,158

$163

$142

$64 7.3%

Totals

$9,517

$728

$635

$286

Total Salary and Benefits Costs $11,165

FY 2016-17Housing Wage Adjustment

Position Current Salary Housing Wage Adjustment

New Annual Salary FICA LGERS 401 K Salary

Increase

Salary adjusted by FY 2015-16 COLA @ 2%

GROUNDSKEEPER I $29,727 $1,431 $31,158 $109 $95 $43 4.8%

MAINTENANCE/CONSTRUCTION WRKER

$29,788 $1,370 $31,158 $105 $91 $41 4.6%

MAINTENANCE/CONSTRUCTION WRKER

$ 30,961 $197 $31,158 $15 $13 $6 0.6%

SOLID WASTE EQUIP OPERATOR I $31,016 $142 $31,158 $11 $9 $4 0.5%

SOLID WASTE EQUIP OPERATOR I $31,016 $142 $31,158 $11 $9 $4 0.5%

Totals $3,281 $251 $219 $98

Total Salary and Benefits Costs $3,849

Health Insurance Premiums

Health Insurance Amount

FY 2014-15 Budget $1,516,616

FY 2015-16 Budget $1,810,743

Premium Increase (19.4%) $294,127

Employee & Organizational Development

• Better Together Events - $10,000

• Diversity Training (All Employees) - $5,000

• Employee Wellness Program - $5,000

• Supervisory Training - $8,000

• GO Passes for Triangle Transit - $

Board of Aldermen

• Travel, Conferences, Retreat- $10,500

• Triangle J Clean Cities Coalition - $500

• Arts Committee - $7,000

• Student Intern - $5,000

Programs & Services• Economic Development• Community Funding• Affordable Housing• Chapel Hill Transit• Recreation & Parks• Technology• Planning• Public Works• Sidewalks & Greenways• Debt Service

Economic Development• Carrboro Branding & Marketing Campaign

– $12,000 The Splinter Group

• Local Living Economy & Entrepreneurial

Initiatives - $10,000

• Parking Agreements - $46,630 – $41,630 300 E. Main Parking Deck

– $5,000 Kalisher Agreement

• Economic Development Revolving Loan Fund

– 7 Active loans with an outstanding principal of $186,792

– $374,423 available for new loans in FY 2015-2016

• Energy Efficiency Revolving Loan Fund

– 5 Loans with an outstanding principal of $80,187

– $57,838 available for new loans in FY 2015-2016

• Business Loan Fund

– 1 Loan with an outstanding principal of $9,833

– $119,958 available for new loans in FY 2015-2016

Community FundingFY 2014-

2015Budget

FY 2015-2016

Budget

Change (%)

Arts Center $15,300 $15,300 0.0%

Human Services Grants $200,000 $220,000 10.0%

Community Home Trust $35,000 $64,000 82.9%

Community Dinner $500 $500 0.0%

El Centro Hispano $36,970 $36,970 0.0%

Home Consortium $12,943 $10,525 (18.7%)

Partnership to End Homelessness $15,531 $15,531 0.0%

Affordable Housing FundEst. Fund Balance July 1, 2015 $34,750

General Fund Contribution Funding in FY 2015-16 $165,250

Total General Fund Contributions for 2015-16 (1₵ for Housing) $200,000

Est. Net Proceeds – Sale of Real Property $TBD

Funds Available for FY 2015-2016 $200,000+

Payments to CHT,HC,PTEH,HS Grants in FY 2015-16 $124,056

Chapel Hill Transit

2010-2011

Actual

2011-2012

Actual

2012-2013 Actual

2013-2014 Actual

2014-2015

Budget

2015-2016

Budget

Amount $1,032,835 $1,032,835 $1,286,714 $1,396,423 $1,472,520 $1,532,893

Change($)

$0.00 $0.00 $253,879 $109,709 $76,097 $60,373

Change(%)

0.0% 0.0% 24.6% 8.5% 5.4% 4.1%

Recreation and ParksPrograms

• Community EventsMusic Festival– $35,500Film Festival – $13,950Carrboro Day - $9,200Poetry Alive - $4,250 July 4th - $20,000Open Streets - $10,000

• Freight Train Blues SeriesRequest of $25k from

CTDA

Recreation and ParksCapital Improvements

• Anderson Park Ball Field Fence Replacement - $105,880• Anderson Park Pavilion Replacement - $51,000• Registration & Reservation Software Replacement - $58,000• MLK Park (Design Only) - $150,000

Technology

• Development Services Permitting Software - $230,000

• Police Officer Body-Worn Cameras (42) - $91,000

• Rogers Road Fiber Conduit - $155,000

• Fire and Police Motorola Radios (136) - $273,000 ($819,000 over three years)

Planning Department

• Parking Study - $75,000• Gold Level Designation from The League of American

Bicyclists -$21,000• MPO Matching Costs - $15,650

Public Works Equipment

• Street Sweeper ($240,000)• Tractor Mower – ($109,000)• Mower – ($37,768)• Snow Blower – ($21,000)

Public WorksStudies & Projects

• Century Center HVAC – ($180,000)• Town Commons (Design) – ($107,300)• Asphalt Repair at PW Yard – ($69,500)• Street Resurfacing – ($601,400)• Comprehensive Solid Waste Study –

($50,000)• Entryway Signage – ($74,000)• LED Streetlights – ($100k)

Town Commons Improvements

FY 2015-16 FY 2016-17 FY 2017-18 TOTALCosts

Design $ 107,300 $ 107,300 Phase I $ 464,300 $ 464,300 Phase II $ 353,500 $ 353,500

TOTAL $ 107,300 $ 464,300 $ 353,500 $ 925,100

RevenuesFarmers Market $ 20,000 $ 10,000 $ 30,000 Grants $ 175,000 $ 175,000 Town $ 87,300 $ 279,300 $ 353,500 $ 720,100

T0TAL $ 107,300 $ 464,300 $ 353,500 $ 925,100

Flooding Mitigation Projects

• High Priority – ($432,800)– Stream Bank Adjacent to PW – ($127,900)– Lorraine Street – ($113,500)– Carol Street – ($110,800)– Rainbow Street – ($80,600)

• Medium Priority – ($933,200)– 1020 West Main – ($323,400)– 408 Broad Street – ($43,000)– Old Pittsboro Road – ($566,800)

• Lower Priority – ($310,800)– Morningside Drive – ($100,200)– Public Works Drive – ($210,600)

Stormwater Management

• Jordan Lake Rules: 8% reduction in N by 2026 per EPA CWS• NC postponed implementation, but Federal government has not• Town’s CIP: $3.9M of related capital projects over 5–10 years• Estimated annual funding for staffing and capital: $500k per year

= property tax increase of 2½¢• Staff recommends 1 year delay of $483k project identified in FY

2015-16 while Town explores options, which might include:– Regional partnerships – Stormwater Utility Fund funded by:

• Earmarked property taxes• Stormwater utility fee

Sidewalks & Greenways

Prior FY FY FY FY FY FY 2021-2022 Project

Years 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 & Beyond Totals

Jones Creek $ -

$ 29,388 $ 308,569 $ -

$ -

$ -

$ -

$ 1,115,504 $ 1,453,461

Morgan Creek 258,683 68,974 103,648 539,886 -

-

-

2,181,281 3,152,472

S. Greensboro -

105,130 440,896 405,756 242,774 -

-

-

1,194,556

Homestead CH MUP 223,957 60,267 622,712 204,308

-

- -

-

1,111,244

Rogers Road 390,658 981,000 1,371,658

Totals $ 873,298 $ 1,244,759 $ 1,475,825 $ 1,149,950 $ 242,774 $ -

$ -

$ 3,296,785 $ 8,283,391

FY 2015-2016 Debt Service

Project Debt IssueFY 2013-14

Actual FY 2014-15

Budget FY 2015-16

Budget

Installment Debt:

Fire Station #2

$3,250,000 $315,873 $307,055 $298,237Vehicle/Equipment IP N/A $616,944 $557,836 $533,237

Total Installment Debt $932,817 $864,891 $831,474

General Obligation (GO) Debt:

Sidewalks and Greenway

GO Bonds $4,600,000 $359,667 $350,000 $338,286Total GO Debt $359,667 $350,000 $338,286

TOTAL ALL DEBT $1,292,484 $1,214,891 $1,169,060

Budget Development Schedule

• May 12: Board Holds 1st Budget Work Session

• May 26: Public Hearing on Recommended Budget

• June 2: 2nd Budget Work Session (optional)

• June 16: Board Adopts FY 2015-2016 Budget

Questions?