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HomeMy WebLinkAbout06-05-17 City Commission Packet Materials - A1. FY18 City Manager's Recommended Budget Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Dennis M. Taylor, Interim City Manager Anna Rosenberry, Assistant City Manager SUBJECT: Presentation of the FY2017-2018 (FY18) City Manager’s Recommended Budget MEETING DATE: June 5, 2017 AGENDA ITEM TYPE: Presentation/Discussion RECOMMENDATION: Listen to presentation, ask questions, and provide comments. BACKGROUND: This presentation will outline the FY2017-2018 (FY18) City Manager’s (CM) Recommended Budget, on a “large scale” view. We will be getting into further details over the next weeks, with Final Adoption scheduled for June 26, 2017. Following are the tentatively schedule dates of budget discussions, along with their topics: June 5: City Manager’s Recommended Budget, overall Special Revenue Funds (Part I) June 12: Tax Increment District and Business Improvement District Work-plans and Budgets, received on Consent Agenda General Fund June 19: Enterprise Funds Special Revenue Funds (Part II) June 26: Final Budget Hearing, Appropriation Resolution Hearing Attached to this memo is a copy of the Budget Message, which is included in the online document itself (it is attached separately to the spiral-bound document.) It is a general summary of the budget and its implications for citizens and property owners. 321 The entire “FY2017-2018 City Manager’s Recommended Budget” document is available online at http://www.bozeman.net/government/finance/budget-and-financial-reports. Copies are also available to the public at the Bozeman Library and City Clerk’s office. UNRESOLVED ISSUES: Because this is the beginning of the formal budget process, there are many unresolved issues. We will be identifying and discussing those during this presentation and the budget workshops and hearings in June. ALTERNATIVES: If the Commission would like to make suggestions for changes to the planned Budget Work Sessions, please do so tonight. FISCAL EFFECTS: This presentation has no immediate fiscal effects. The adoption of the final budget in June will have far-reaching fiscal effects. The Recommended Budget has the following impacts on the Typical Residential Property: Typical Residential Property: Annual Increase Recommended Budget Street Maintenance Assessments $ 28.78 Arterial Street Assessment $ 27.57 Forestry Assessment $ 2.93 Property Taxes $ - Water Services $ 10.12 Sewer Services $ 11.90 Storm Water Services $ - Annual Increase $ 81.30 Monthly Increase $6.78 The details surrounding these increases will be discussed at length through the budget-adoption process. Report compiled on: May 30, 2017 Document on File: City Manager’s Recommended Budget for Fiscal Year 2017-2018 Attached Documents: Budget Message (excerpt from Budget Document) 322      June 5, 2017 Bozeman City Commission: I am pleased to present to you the City Manager’s Recommended Budget for Fiscal Year 2017-2018 (FY18). This budget represents the thoughtful work of dozens of people in developing the spending plan for our organization for the coming fiscal year. Overview: Bozeman is a vital, growing and changing city. In my brief tenure with the city of Bozeman, I have been focused on bringing forward a budget that permits the city to live within our means, while at the same time attempts to help the city organization cope with our community’s rapid growth and change. Significant changes during the past 12 months   1. Continued Growth – Our community’s most recent evidence of continued growth includes the US Census data showing an estimated population increase of 4.3% this year, on top of the 4.2% increase for last year. We see strong building permit activity and increased traffic counts and congestion on City streets. So much of our budget recommendation is made in response to the prolonged growth that Bozeman continues to experience. 2. New Fuel Tax Dollars – As a result of the legislature’s adoption of House Bill 273, the City will receive approximately $266,000 in additional state fuel tax funding in FY18. This amount is expected to increase to nearly $700,000 in FY19. We are recommend a reducing the amount of Arterial & Collector District assessment increase because of this new funding source. 3. Marcy’s Law Implementation – In order to respond to the requirements of the Marcy’s Law provisions for victims of crimes, we recommend that a half-time position in the City Attorney’s office be increased to full-time, support be given for an increase in the County’s Victim’s Services programs, and to proceed with software implementations within our City Attorney’s office that were approved in FY17. 323      4. Strategic Plan - With the Commission’s Strategic Planning effort underway but not completed, we are attempting to get ahead of a few key Strategic Plan priorities by including a full-time Communications Coordinator position beginning in January 2018. Staffing Level Changes Attempting to maintain our current levels of service will require additional staff this year in numerous departments. General Fund Positions - Recommended additions in the General Fund include: Department/Division Position Full-Time Equivalents Municipal Court Veterans Court Administrator –  Pending the Grant Award            1.00 City Attorney’s Office 0.5 Administrative Assistant   to 1.0 Legal Assistant I            0.50  Facilities Facilities Service Worker           1.00  City Manager’s Office Communications Coordinator 0.5 FTE (Full Time, Jan 2018) Total            3.0 FTE Enterprise & Special Revenue Fund Positions - We are recommending the addition of the following positions in the Enterprise and Special Revenue Funds: Department/Division Position Full-Time Equivalents Building Inspection  Building Inspector I or II          1.00  Solid Waste  Solid Waste Worker (Driver)            1.00  Stormwater Stormwater Specialist           1.00  Streets Streets ‐ City Service Workers           2.00  Vehicle Maintenance Vehicle Maintenance           1.00  Water Plant Water Plant Operator 1.00 Total             7.0 FTE The General Fund: The City’s General Fund supports the majority of administration, public safety and public welfare operations. It’s most significant source of revenue comes from local property taxes. As a result, the General Fund’s operating budget and fund balance are critically important to the financial health of the city. This year’s General Fund budget has $31.8 Million in expenditures, in the following areas:  324      Department/Division General Fund Amount Commission $ 277,348 City Manager 1,216,952 Courts 943,811 Attorney 1,246,948 Finance (prior Admin Services) 1,065,951 Facilities 1,455,651 Information Technology 978,222 Human Resources 413,390 Police (incl. State Ret.) 9,242,015 Fire (incl. State Ret.) 6,188,814 Public Services/Streets 122,331 Cemetery 721,904 Parks 2,028,480 Library 1,993,372 Recreation 1,811,680 Economic Development 422,464 Sustainability 169,912 Non-Departmental 1,473,567 TOTAL Expenditures $31,772,812       Commission 1% City Manager 4% Courts 3% Attorney 4% Finance (prior  Admin Svcs) 3% Facilities 5%Information  Technology 3%Human Resources 1% Police (incl. State  Ret.) 29% Fire (incl. State  Ret.) 19% Public  Services/Streets 0% Cemetery 2% Parks 6% Library 6% Recreation 6% Other 5%Sustainability 1% Non‐Departmental 5% FY18 Recommended ‐General Fund Budget 325      As shown in the above graph, Police and Fire services combined comprise 48% ($15.4 Million) of the General Fund’s spending. The next largest departments are grouped together, each spending roughly $1 - $2 Million and each comprising 3-6% of the budget: Parks, Recreation, Library, Facilities Maintenance, City Manager, City Attorney and Finance. Nine other departments/areas comprise the balance of General Fund Expenditures. General Fund Undesignated Fund Balance: The City’s charter requires an established minimum level of General Fund Undesignated Fund Balance in accordance with the Government Finance Officers’ Association (GFOA) Best Practices. GFOA’s Best Practice Recommendation was adopted and our required minimum reserve balance is 16 2/3% of budgeted revenues. This budget exceeds the required minimum reserve of approximately $5,060,000 (16.67%) at the end of Fiscal Year 2018. Residential City Property Taxes for FY16, FY17, and FY18 In total, the Recommended Budget would levy an estimated 205.30 mills on all taxable property within the City limits. This represents no increase over last year. To achieve no increase in the levy we propose:  Calculation of maximum mill levy with estimated increase in inflation factor, and estimate of newly taxable property increase of 4%.  Use of estimated cash carry-over from FY17 that can be used to forego an increase to the levy. Assessed Market Value Estimated Taxable Value FY15 City Tax Levy = 188.76 mills FY16 City Tax Levy = 210.16 mills  FY17 City Tax Levy = 205.3 mills FY18 Estimated City Tax Levy = 205.3 mills Median Home ~$240,000 $3,237 $678 $729 $665 $665 $200,000 $2,700 $831 $593 $554 $554 $300,000 $4,050 $1,246 $889 $831 $831 * Tax Rates and Median Value changed due to reappraisal in FY17 The median home “assessed market value” represents the value on the tax roll for a home within the Bozeman city limits. Median simply means that half of the homes in the city have a higher value and half have a lower value. Each year the Median Home value changes slightly. This year is a re-appraisal year for the State Department of Revenue; the value of a median home could change again with new data from the reappraisal. Based on the information we have today, the median home will pay $3.23 in City property taxes for every mill levied in Fiscal Year 2018. 326      Residents living in the median home are estimated $665 in annual property taxes to the City. Again, this represents no increase in property taxes.   General Taxes - Cost per Mill For the coming fiscal year, we are estimating a 4% increase in the value of taxable property across the city. Taking into account the 1.5% reduction in values we experienced in FY16, taxable values for the City have an average increase of only 1.7% per year for the past 5 years. However, given the continued strong building permit activity and the new two-year reappraisal cycle, we believe this estimate is appropriate. Citywide Street and Tree Maintenance Assessments City property owners pay an annual street maintenance, arterial street, and tree assessment based on the square footage of the lot they own. These assessments are the major funding for Street Maintenance, Arterial Street capital, and Forestry Divisions. The recommended budget is based on a 17% increase in the Street Maintenance assessment, resulting in an annual assessment of $198.02 for the average sized lot. The majority of this increase is attributed to the least year of phase-in of an added $1 Million in annual pavement maintenance. The new Arterial and Collector Street Assessment District is recommended to proceed with the original plan: to phase-in assessments that will total $2 Million annually in construction on arterial and collector streets over 3 years. For FY18 (third year), we are recommending a 63% increase in the assessment from last year. The original plan was for an approximate 90% increase, but the new fuel tax approved by the legislature will bring in money to lessen the increase for property owners. For the average sized residential lot, the annual assessment would be $69.11 for the year. The Tree Maintenance District is in need of a 15% increase to continue to implement the Urban Forestry Management Plan. There was no increase to this assessment in FY13-15. There was actually a small decrease to the assessment in FY15, based on revised assessment methods adopted in July 2014. For the average sized residential lot, the annual assessment would be $22.48 for the year. Combined, property owners of an average sized city lot would pay $289.62 in annual assessments. This is an increase over the previous year of $58.43, or $4.86 per month. 327      Lot Size FY16 Approved 10% Streets & 2% Trees, with Arterial Street District FY17 Approved 15% Streets & 15% Trees, 90% Arterial Street District FY18 Recommended 17% Streets & 15% Trees, 63% Arterial Street District Small= 5,000 sq ft. Streets - $98.10 Streets - $112.81 Streets - $131.99 Trees - $11.33 Trees - $13.03 Trees - $14.98 New! Arterial Streets - $14.36 Arterial Streets - $28.27 Arterial Streets - $46.64 Average = 7,500 sq ft. Streets - $147.17 Streets - $169.24 Streets - $198.02 Trees - $17.00 Trees - $19.55 Trees - $22.48 New! Arterials Streets – $21.54 Arterials Streets – $42.40 Arterials Streets – $69.11 Large = 10,000 sq ft. Streets - $196.23 Streets - $225.66 Streets - $264.02 Trees - $22.67 Trees - $28.34 Trees - $28.34 New! Arterial Streets – $28.73 Arterial Streets – $56.54 Arterial Streets – $93.29 Utility Rates Water & Sewer:  City property owners are by and large required to use the City’s water and sewer treatment systems. Two years ago, we updated our five year funding models for both Water and Sewer Rates. The Commission approved a 2.5% increase in Water rates and a 3% increase in sewer rates, for each of FY16 and FY17. We had planned to be underway with updated rate studies for both Water & Wastewater systems, but have delayed the project until the arrival of a Finance Director. This year, we recommend the Commission adopt a two-year rate resolution with Wastewater increases of 2.0% each year, and Water increases of 2.0% each year.   Stormwater:  The Stormwater rates were adopted in April 2015. The new base charges took effect in May 2015 and the variable charges and credits took effect in December 2015, based on impervious area and existing infrastructure. We do not recommend a rate increase this year.    In Total: A residential customer utilizing 10 hundred cubic feet (HCF) of water each month will see an estimated combined monthly increase for these services of $1.83/month.    Average Residential Customer ApprovedFY16 Monthly Bill 2.5% Increase Water 3% Increase Sewer Stormwater, Revised ApprovedFY17 Monthly Bill 2.5% Increase Water 3% Increase Sewer 0% Stormwater Recommended FY18 Monthly Bill 2% Increase Water 2% Increase Sewer 0% Stormwater Water $41.15 per month $42.18 per month $43.02 per month Sewer $48.13 per month $49.57 per month $50.56 per month Stormwater $ 5.91 per month $ 5.91 per month $ 5.91 per month Total $95.19 per month $97.66 per month $99.49 per month      328      In Conclusion The Recommended Budget was developed to continue current level operations in the growing and changing community. A typical residential property owner will likely see taxes and assessments increase by $81.30 for the year, or $6.78 per month. Typical Residential Property:    Annual Increase   Recommended Budget   Street Maintenance Assessments   $        28.78   Arterial Street Assessment   $        27.57   Forestry Assessment  $          2.93   Property Taxes    $                 ‐   Water Services    $        10.12   Sewer Services    $        11.90   Storm Water Services   $                 ‐   Annual Increase   $        81.30   Monthly Increase  $6.78  We are thankful to the Commission, community members and staff who participated in the many processes that resulted in this Recommended Budget. Change can be difficult, uncomfortable and challenging. Working together, we have consistently found innovative ways to maintain services and invest in our community in fiscally responsible ways. We are a resilient, enterprising and creative community. This budget we propose for your consideration is an achievable plan to provide efficient and effective services and to achieve the Commission’s vision and priorities for the City of Bozeman. Respectfully, Dennis M.Taylor, City Manager  Anna Rosenberry, Assistant City Manager      329