The URL can be used to link to this page

Budget & Tax Rate Overview PresentationProposed Budget FY 2016-17 FY 2016-17 Proposed Budget Budget Goals: Balanced Structurally Conservative and Responsible Follows Financial Policies Maintains Current Service Levels Focuses on Priorities 2FY 2016-17 Proposed Budget Management Practices Focus on priorities Maintain Appropriate Fund Balance Team Input Departments, Council, and Citizens Forward Looking Planning for Future Revenues & Expenses Consider Project schedules 5 Year Forecast Long Term Debt Model 3FY 2016-17 Proposed Budget Key City 5 Year Goals 2015 Building Repairs Fire Station 3 Compensation Study Bond Election Strategic Staffing Levels Focus on Completing Existing Programs Maintain Reserves 4FY 2016-17 Proposed Budget Budget Highlights Classification & Compensation Study Firefighter Ramp Up Program Natatorium 3 Additional Police Employees IT Employee Citizen Survey 2 Paramedics in EMS Drainage Channels Improvements Northcliffe Sewer Infiltration Phase II 5FY 2016-17 Proposed Budget Upcoming Capital Projects Additional $8 Million in bonds proposed to be issued in January 2017 for: $3.75 million = Roadway Maintenance & Municipal Buildings Update $ .25 million = Park & Trails improvements $4 million = 2nd half of Fire Station 3 funding 6FY 2016-17 Proposed Budget Budget 101 Funds Accounts Reserves (Fund Equity, Fund Balance, Retained Earnings) Restricted Revenues 7FY 2016-17 Proposed Budget All Funds -Revenues General Fund 39% Water & Sewer Fund 28% EMS Fund 13% I&S Fund 9% General Fund Water & Sewer Fund Capital Recovery Drainage EMS Fund Other SEDC I&S Fund General Fund $28,524,850 Special Events Fund 130,350 PEG Fund 113,300 Water & Sewer Fund 20,594,058 EMS Fund 9,044,267 Drainage Fund 1,148,200 Hotel Tax 611,452 Park Fund 155,000 Tree Mitigation 142,000 Capital Recovery Water 1,040,600 Capital Recovery Sewer 625,500 I&S Fund 6,614,581 Other Funds 34,810 SEDC 3,738,260 Grand Total $72,517,228 8FY 2016-17 Proposed Budget All Funds -Expenses General Fund 41% W&S Fund 30% EMS Fund 13% I&S Fund 10% Budget General Fund W&S Fund Capital Recovery Drainage EMS Fund Other SEDC I&S Fund General Fund $28,516,699 Special Events Fund 130,350 PEG Fund 108,600 Water & Sewer Fund 20,574,656 EMS Fund 8,928,351 Drainage Fund 1,122,764 Hotel Tax 260,995 Park Fund 155,000 Tree Mitigation 142,000 Capital Recovery Water 156,000 Capital Recovery Sewer 235,500 I&S Fund 6,614,581 Other Funds 33,750 SEDC 2,062,617 Grand Total $69,041,863 9FY 2016-17 Proposed Budget Fund Balance/Equity FY 2016-17 Estimated Beginning Balance Net Change Budgeted Ending Balance General Fund $9,295,054 ($35,127)$9,259,927 Special Events Fund 55,825 (10,750)45,075 PEG Fund 574,075 4,700 578,775 I&S Fund 1,084,340 (40,860)1,043,480 Water & Sewer Fund 2,716,775 (825,598)1,891,177 Capital Recovery-Water 6,048,600 884,600 6,933,200 Capital Recovery-Sewer 1,807,401 390,000 2,197,401 Drainage Fund 1,579,772 25,436 1,605,208 EMS Fund 2,095,322 104,916 2,200,238 SEDC 10,758,426 1,675,643 12,434,069 Hotel Tax Fund 1,201,918 350,457 1,552,375 Park Fund 347,187 (8,750)338,437 Tree Mitigation 301,998 (54,950)247,048 Library Fund 68,557 1,060 69,617 Historical Committee 10,004 0 10,004 ALL FUNDS $37,945,254 $2,460,777 $40,406,031 10FY 2016-17 Proposed Budget General Fund Revenues Property Taxes $ 11,288,881 Sales Taxes 7,385,419 Fund Transfers 2,566,400 Fees/Fines/Other Tax 2,325,682 Franchises 2,306,600 Permits & Licenses 1,283,660 Inter-Jurisdictional 879,508 Miscellaneous 488,700 Total Revenues $28,524,850 11FY 2016-17 Proposed Budget Property Tax 40% Sales Tax 26% Fees 8% Franchise 8% Fund Transfers 9% Revenues Property Tax Sales Tax Fees Franchise Fund Transfers Permits Inter-Jurisdictional Miscellaneous General Fund -Expenses General Government $ 6,973,937 Internal Service 4,883,615 Police 6,956,312 Fire Rescue 3,961,060 Inspections 638,929 Marshal Service 503,837 Streets 1,133,776 Parks & Recreation 1,814,217 Library 863,161 Animal Services 568,209 Environmental Health 219,645 Total Expenses $28,516,699 12FY 2016-17 Proposed Budget General Government 27% Internal Service 14% Police 24% Fire Rescue 14% Budget General Government Internal Service Police Fire Rescue Inspections Marshal Service Streets Parks & Recreation Library Animal Services General Fund Revenues $28,524,850 Expenditures 28,516,699 Increase of Fund Balance 8,151 Beginning Fund Balance 9,295,054 Use of Vehicle Replacement -43,278 Ending Fund Balance 9,259,927 25% Reserve Policy $6,932,745 13FY 2016-17 Proposed Budget M&O $0.3168 Total Change in Expenditures $508,000 New Employees 38,000 Large Expanded Programs (over 10,000) 337,000 Act on Compensation Study 480,000 Natatorium Opening 362,000 EDC Service Contract Update 301,000 Engineering Personnel Reorganization 1,197,962 Continue Existing Staffing Levels & Programs* $3,223,962 Total Increase *Includes Health Insurance Estimate; Final by 8/23/2016 14FY 2016-17 Proposed Budget M&O $0.3168 New Personnel $177,000 3 Firefighters –Ramp Up Program Station #3 80,000 School Resource Officer 80,000 DEA Task Force Officer 80,000 Patrol Officer 55,000 IT Personnel 13,000 Scheduled Part Time Employee Holiday Pay 23,000 Police & Fire Vacation Policy Update $508,000 Total New Employees 15FY 2016-17 Proposed Budget M&O $0.3168 Large Expanded Programs $25,000 Citizen Survey 13,000 Data System Fire Suppression $38,000 Total Large Expanded Programs 16FY 2016-17 Proposed Budget Budget Per Capita $- $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 $700.00 $800.00 2012 2013 2014 2015 2016 2017 Revenue Per Capita Expenditures Per Capita 17FY 2016-17 Proposed Budget Historic Sales Tax 18FY 2016-17 Proposed Budget $- $1,000,000.00 $2,000,000.00 $3,000,000.00 $4,000,000.00 $5,000,000.00 $6,000,000.00 $7,000,000.00 $8,000,000.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Actual Projected Sales Tax FY 2014-15 Actual FY 2015-16 Estimate FY 2016-17 Budget General Fund $6,872,306 $7,101,364 $7,385,419 +3.3%+4% 19FY 2016-17 Proposed Budget 2016 -5 Year Forecast FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Revenue 26,523,587 28,481,572 29,658,342 30,808,595 32,017,014 33,456,752 Expense 25,293,887 28,516,669 29,837,859 30,719,131 31,752,872 32,883,265 Reserve Funding 1,229,700 (35,127)(179,517)89,464 264,141 573,487 M&O Fund Balance 9,294,904 9,259,777 9,080,260 9,169,724 9,433,865 10,007,352 25% Goal 6,233,322 7,105,737 7,435,715 7,676,033 7,913,218 8,182,066 Over/Under 3,061,582 2,154,040 1,644,545 1,493,691 1,520,647 1,825,286 20FY 2016-17 Proposed Budget 5 Year Model Input Revenues Taxes growth between 5% to 6% based on recent historical averages and estimated population growth 21FY 2016-17 Proposed Budget 5 Year Model Input Expenses Operational costs are grown at rates based on a prior 3 years average Includes following programs: Aquatic Center Operations 12 Firefighters for new Station Estimates on the Compensation Study Action Continued Merit program throughout all years Between 2 and 5 additional employees (not including Firefighters) each year 22FY 2016-17 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 23FY 2016-17 Proposed Budget 5 Year Summary –I&S Fund At I&S Rate of $0.1743: Includes $15 million bond package from elections in 2015 Includes additional CO Bonds for Infrastructure Rate could fluctuate based on the actual growth of the tax base and the results from the bond election but at a reduced rate due to the model 24FY 2016-17 Proposed Budget Graph of Debt Service 25FY 2016-17 Proposed Budget $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 General Fund Debt Service 2016 2019 2018 2017 Current Obligations FY 2016-17 Proposed Tax Rate 2016 Property Values 2015 Adjusted Taxable value $3,065,479,181 2016 Equivalent Taxable Value $3,137,907,999 2016 New Improvements +$118,070,907 2016 Adjusted Taxable Value $3,255,978,906 Difference $190,499,725 27FY 2016-17 Proposed Budget Tax Rate Effective:Is a calculated rate that would provide the taxing unit with about the same amount of revenue it received in the year before on properties taxed in both years. Rollback:Is a calculated maximum rate allowed by law without voter approval. Current:The rate currently adopted by the City. Proposed Max:The maximum rate set at which the final adopted rate cannot exceed. 28FY 2016-17 Proposed Budget Tax Rate Effective:$0.4803 Rollback:$0.5080 Current:$0.4911 Proposed Max:$0.4911 $0.01 is equal to $325,598 revenue or $20.00 on the average home Proposed budget is balanced at this rate 29FY 2016-17 Proposed Budget Target Tax Rate Tax Rate Current Proposed Maximum M&O $0.3159 $0.3168 For day to day operations I&S $0.1752 $0.1743 To pay the City’s debt Total $0.4911 $0.4911 30FY 2016-17 Proposed Budget FY 2015-16 City Tax Rate At $0.4911 Existing Residents Average Tax Bill 2015 Tax Bill = $913.45 Avg Home Value $186,000 2016 Tax Bill = $934.32 Avg Home Value $190,250 Increase = $ 20.87 New Residents Average Tax Bill 2016 Tax Bill = $982.20 Home Value of $200,000 31FY 2016-17 Proposed Budget 2016 Property Taxes 0.00 0.50 1.00 1.50 2.00 2.50 3.00 Guadalupe Comal Bexar SA River Auth Univ Health System Road College County School City of Schertz 32FY 2016-17 Proposed Budget Historic Tax Rates –M&O 0.3345 0.259 0.259 0.259 0.2842 0.2993 0.2993 0.2993 0.3164 0.3159 0.3168 0.0000 0.0500 0.1000 0.1500 0.2000 0.2500 0.3000 0.3500 0.4000 33FY 2016-17 Proposed Budget Historic Tax Rates –I&S 0.0972 0.15 0.15 0.15 0.15 0.15 0.185 0.2006 0.181 0.1752 0.1743 0.0000 0.0500 0.1000 0.1500 0.2000 0.2500 34FY 2016-17 Proposed Budget Historic Tax Rates –Total M&O 0.3345 M&O 0.259 M&O 0.259 M&O 0.259 M&O 0.2842 M&O 0.2993 M&O 0.2993 M&O 0.2993 M&O 0.3164 M&O 0.3159 M&O 0.3168 I&S 0.0972 I&S0.15 I&S0.15 I&S0.15 I&S 0.15 I&S 0.15 I&S 0.185 I&S 0.2006 I&S0.181 I&S 0.1752 I&S 0.1743 0.0000 0.1000 0.2000 0.3000 0.4000 0.5000 0.6000 .4317 .4090 .4090 .4090 .4342 .4493 .4843 .4999 .4974 .4911 35FY 2016-17 Proposed Budget .4911 Public Hearing Dates August 23rd, 2016 August 30th, 2016 36FY 2016-17 Proposed Budget Budget Calendar FY 2016-17 August 5 File with City Secretary August 9 Budget Workshop, set the preliminary tax rate, and schedule public hearings August 11 First Community Budget Presentation –Corbett Jr. High School August 17 Second Community Budget Presentation –North Community Center August 18 Third Community Budget Presentation –Schertz United Methodist Church August 23 First Public Hearing August 30 Second Public Hearing, First Vote September 6 Second Vote October 1 Budget goes into effect 37FY 2016-17 Proposed Budget Proposed Budget FY 2016-17