FY 2014-15 Proposed Budget PowerPoint Change Memo
Proposed Budget FY 2014-15
FY 2014-15 Proposed Budget
Budget Goals:
Balanced Structurally
Conservative and Responsible
Follows Financial Policies
Maintains Current Service Levels
Focuses on Priorities
2 FY 2014-15 Proposed Budget
Key City 5 Year Goals 2014
Building Repairs*
Fire Station 3*
Master Facilities Plan*
Hold Tax Rate Flat*
Compensation Study*
FM 1518 Funding Study*
Maintain Reserves*
*Currently being worked on
3 FY 2014-15 Proposed Budget
Budget Highlights
Addresses all Key 5 Year Goals
Focus on our Fleet vehicles and operation
Replaces aging equipment
Long Term Debt Model
4 FY 2014-15 Proposed Budget
Change Memo
Crossing Guards
Bring total Crossing Guards to 9
Increase deployment time to 18 hours per
week
Paid by Restricted Crossing Guard Funds
Transportation Services
New request higher than current year
5 FY 2014-15 Proposed Budget
Change Memo
Hotel Tax
The Sweetheart Program will be primarily
funded by the General Fund
Event Facilities will now be entirely funded
by the General Fund
If the Event Facilities become eligible to receive
hotel tax funds in the future, staff will seek
direction from council through the budget
process
6 FY 2014-15 Proposed Budget
Change Memo
Health Insurance
0% Increase through December 31, 2015
The General Fund will use these savings to
offset the Hotel Tax policy change
Event Facilities
Sweetheart Program
Other Funds will put this savings toward
the Compensation Study Action
7 FY 2014-15 Proposed Budget
Change Memo
EMS
Permanently Staff a 5th active ambulance
during peak times
Based on recommendation by Fitch &
Associates, EMS has been running this
ambulance using PT workers and Overtime
Using the most recent estimates there will
be no change in funding request by making
this change
8 FY 2014-15 Proposed Budget
All Funds - Revenues
General
Fund
39%
Water &
Sewer Fund
27%
EMS Fund
12%
I&S Fund
9%
General Fund
Water & Sewer Fund
Capital Recovery
Drainage
EMS Fund
Other
SEDC
I&S Fund
General Fund $25,695,043
Special Events Fund 153,800
PEG Fund 209,000
Water & Sewer Fund 17,860,678
EMS Fund 8,186,919
Drainage Fund 1,159,200
Hotel Tax 545,353
Park Fund 100,000
Tree Mitigation 116,335
Capital Recovery Water 885,500
Capital Recovery Sewer 1,160,497
I&S Fund 5,707,276
Other Funds 349,010
SEDC 3,692,257
Grand Total $65,820,868
9 FY 2014-15 Proposed Budget
All Funds - Expenses
General
Fund
39%
W&S Fund
28%
EMS Fund
13%
I&S Fund
9%
Budget
General Fund
W&S Fund
Capital Recovery
Drainage
EMS Fund
Other
SEDC
I&S Fund
General Fund $25,406,088
Special Events Fund 153,800
PEG Fund 209,000
Water & Sewer Fund 17,788,563
EMS Fund 8,151,501
Drainage Fund 1,094,618
Hotel Tax 302,730
Park Fund 60,000
Tree Mitigation 116,125
Capital Recovery Water 536,109
Capital Recovery Sewer 1,160,497
I&S Fund 5,636,157
Other Funds 339,000
SEDC 3,074,554
Grand Total $64,028,742
10 FY 2014-15 Proposed Budget
Tax Rate
Effective: The tax rate which, on average, will
keep the tax bill the same as in 2013.
Current: The rate currently adopted by the City.
Proposed Max: The maximum rate set at which the final
adopted rate cannot exceed.
Rollback: The rate if exceeded allows citizens to
initiate a rollback election. The results of
this election can reduce the adopted tax
rate back to the rollback rate.
11 FY 2014-15 Proposed Budget
Tax Rate
Effective: $0.4857
Current: $0.4974
Proposed Max: $0.4974
Rollback: $0.5066
$0.01 is equal to $270,630 revenue or $17.42 on
the average home
Proposed budget is
balanced at this rate
12 FY 2014-15 Proposed Budget
General Fund
Revenues $25,695,043
Expenditures 25,406,088
Increase of Fund Balance 288,955
Beginning Fund Balance 5,936,141
Ending Fund Balance 6,225,096
25% Reserve Policy $6,106,237
13 FY 2014-15 Proposed Budget
M&O $0.3164
Total Change in Expenditures
$203,000 New Employees
$54,015 Small Expanded Programs (10,000 or less)
$794,800 Large Expanded Programs (over 10,000)
$300,000 Act on Compensation Study
$770,000 Continue Existing Staffing Levels & Programs
$2,121,815 Total Increase
$353,500 Reserve Funding
14 FY 2014-15 Proposed Budget
M&O $0.3164
New Personnel
$26,000 2 Seasonal Park Workers
$45,000 Accountant I
$93,000 2 additional Mechanics
$39,000 Building Maintenance Worker I
$203,000 Total New Employees
15 FY 2014-15 Proposed Budget
M&O $0.3164
Small Expanded Programs
$1,500 Baby Changing Stations
$2,500 Lync Implementation
$5,250 Portable AC Unit
$11,200 Fleet Equipment
$19,565 Laptops, Tablets, Printers, and Servers
$14,000 2 Defibrillators
$54,015 Total Small Expanded Programs
16 FY 2014-15 Proposed Budget
M&O $0.3164
Large Expanded Programs
$327,200 Vehicle Replacements
$36,000 Planning Tracking Software
$109,600 Replace 1/3 of SCBAs
$30,000 Additional Landscaping Services
$21,000 Animal Adoption Trailer (City Portion = $10,000)
$50,000 New/Replacement Desks & Minor Renovations
$150,000 Building Repairs
$20,000 May Charter Election
$50,000 FM 1518 Funding Study (I-10 to FM 78)
$794,800 Total New Programs
17 FY 2014-15 Proposed Budget
Public Works Equipment
Equipment Expense
3 Backhoes $195,000
Haul Truck & Trailer $125,000
Belly Dump Trailer $50,000
Chipper & Truck $99,200
Tractor w/Arm Mower $105,000
Zero Turn Mower $16,500
Front End Loader $209,000
Replacement Motor Grader $200,000
Street Sweeper $200,000
Total: $1,199,700
18 FY 2014-15 Proposed Budget
Loan will be divided between
the following funds:
65% Drainage
15% Water & Sewer
20% General Fund/I&S
M&O $0.3164
Reserve Funding
$169,000 Vehicle Replacement
$24,500 A/C Replacement
$25,000 Server Replacement
$35,000 Phone System Replacement
$35,455 Unassigned Fund Balance
$288,955 Total Reserve Funding
19 FY 2014-15 Proposed Budget
2013 - 5 Year Forecast
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Revenue $22,689,507 $23,170,010 $23,501,901 $24,092,029 $24,754,718 $25,440,833
Expense $(21,513,138) $(22,618,597) $(22,776,669) $(24,009,901) $(24,699,240) $(25,547,867)
Reserve
Funding $1,176,369 $551,413 $725,232 $82,128 $55,479 $(107,034)
M&O Fund
Balance $3,976,709 $4,528,123 $5,253,355 $5,335,484 $5,390,962 $5,283,928
25% Goal $5,471,635 $5,637,149 $5,694,167 $5,983,725 $6,174,810 $6,371,967
Over/Under $(1,494,926) $(1,109,026) $(440,812) $(648,242) $(783,848) $(1,088,039)
20 FY 2014-15 Proposed Budget
2014 - 5 Year Forecast
FY2014 FY2015 FY2016 FY2017 FY2018 FY2019
Revenue $24,611,808 $25,695,043 $26,675,735 $27,741,406 $28,861,862 $30,040,069
Expense $(23,338,563) $(25,406,088) $(26,482,051) $(27,773,615) $(28,825,511) $(29,656,219)
Reserve
Funding $1,273,245 $288,955 $193,684 $(32,310) $36,351 $383,850
M&O Fund
Balance $5,936,141 $6,225,096 $6,418,780 $6,386,570 $6,422,921 $6,806,772
25% Goal $5,686,391 $6,106,237 $6,567,763 $6,909,404 $7,197,628 $7,414,055
Over/Under $249,750 $118,859 $(148,983) $(522,834) $(774,706) $(607,283)
21 FY 2014-15 Proposed Budget
Long Term Debt Model
For I&S Fund
Purpose:
To avoid large tax increases in the future
Design:
Model is long term in nature
Includes all current debt obligations
Takes into account the growth of the tax base
Ensures fund balance never falls below a certain
level
Includes bond elections every 5 years
22 FY 2014-15 Proposed Budget
Target Tax Rate
Tax
Rate
Current Recommended
Maximum
Alternative
M&O $0.3010 $0.3164 $0.3139
I&S $0.1964 $0.1810 $0.1810
Total $0.4974 $0.4974 $0.4949
23 FY 2014-15 Proposed Budget
Budget Calendar FY 2014-15
July 31 File with City Secretary, Budget Workshop
August 5 Budget Workshop, vote to place a preliminary tax
rate on the agenda, and schedule public hearings
August 6 First Community Budget Presentation – Civic
Center
August 12 Budget Workshop
August 14 Second Community Budget Presentation – Schertz
United Methodist Church
August 19 First Public Hearing
August 26 Second Public Hearing, First Vote
September 2 Second Vote
October 1 Budget goes into effect
24 FY 2014-15 Proposed Budget
Proposed Budget FY 2014-15