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Home My WebLink About06-24-19 City Commission Packet Materials - A2. Res 5048, FY20 Final Budget Adoption - SUPPLEMENTAL MATERIALS • 1 • BOZ MAN Resolution No. 5048 Appropriating Fundsfor EndingFiscal Year - 30, 2020 1 LSIX WIN �.�• t � t � 7 I 'ry tt - -a 20�$ Growth • ( +_3_.w' _ -_. •_, 6/24/2019 • 10 ,x Strategic Plan VIS1011101 III [.[]It] r It Bozeman remains a safe,inclusive community, fostering civic engagement , diversilied growseconomy,a strong environmental ethic,and a high quality of life as our community The City of Bozeman works hard every day to provide critical services to the community including clean water,sale qtrppN and ,. Strategic Plan Priorities 4821" Strategic Vision 7 BOZEMAN STRATEGIC PLAN \', The "Big 51F Other FY20 efforts: O ❑1%for Art program COMMUNITY OUTREACH establishment AFFORDABLE HOUSING ❑Intersection Level of Service PLANNING&LAND USE INITIATIVES Communication ANNEXATION ANALYSIS&STUDY ❑Sewer Capacity Communication PARKS MAINTENANCE DISTRICT ❑Street Light Study ❑Vendor Gender Pay project 2 6/24/2019 AVCaptureAll City of Bozeman, MT City Commission meetings since . u2018 Bozeman Clly Carnmissiq 9 0.00 00 agenda@bozeman.net City Commission Meeting Recorded: 06/10/2019,06:00 PM Published: 06/13/2019,04:18 PM Location: Council Chambers l lle)(tCjo or ..UO By 60 �.� E T ~ .:... ..a w 3 6/24/2019 1. Budget assumes 4%growth this year based op 10 upon historical trends and growth projection assumptions 2. Expecting to reach 50,000 in population in 2019 3. There were 266 new single family homes and 593 multi-family residential units built in Bozeman in 2018 4. $72.8M in capital projects and equipment 5. Bozeman Public Safety Center Construction Project:$40M 6. $9.9 million in street projects between Street Impact Fee and Arterial&Collector funds 7. Phase 2 Sourdough Transmission Water Main:$4.3 M 8. 215.1 miles of streets,an increase of 22% since 2010 9. 288 miles of water mains 10.$694,000 for Affordable Housing initiatives EFlII Eflli [�;I - Afrord.WeNonYq , AN 1 or....MAN CITY MANAOER'i U 0 RECOMMENDED D2 G 0 _ ...�®.wwcr_. RwnDon wT n�as Wwk.urr E T AD s. sum acres of _ Park Land TranfpoNalbn »N Je!>)►)►JA!> WPMArIRIns.: .a. a alydin SssMmlolen mw—d. J 4 6/24/2019 Outside agency requests • HAVEN $30,000 • HRDC/STREAMLINE $150,000 • FORK&SPOON $25,000 • MENTAL HEALTH PARTNERSHIP $44,000/portion of FT case worker • HRDC WARMING CENTER $25,000 B07E MAN MT 5 6/24/2019 s , B O Z E M A N MT AWWA National Water Tasting Competition No.3 in the US! Personnel Full Time Employee Equivalent Numbers by Activity Public Welfare, 85.98 4P. 01hN Public Works, Public Safety, 133.50 151.30 6 6/24/2019 wr• ' 1' r If P�A p6,''riU lcl �. k 25% increase in customers since 2016 Fund Fund-Division Project q Project Name Amount 640 Solidwaste SW32 Front Load Truck Replacement 270,000 640 Solidwaste SW36 Side Load Truck-New 290,000 640 Solidwaste SW53 Pickup Truck 30,000 640 Solidwaste SW55 Side Load Truck 300,000 640 Solidwaste Total 890,000 m � m Affordable Housin 9 his is one of the City r ommission's"Big 5" t _ his new budget has llocated for projects %.n -4' nd programs Acres Park Land Transportation »N V.>>��»> ,ems z,r:,,I, vae,c SM,000 strlprny a Intln $9.9 million new roads 0 A 6/24/2019 General Fund By Department Non-Depertmentel Uly Allomey 4% 4% E—Ic Development Sustelne6tliry [Iry[ommission Munl<Ipal l:ourtl 0% 1% 1% `3% Fetlllller Manrgement 'CAtyMe gar finance S,5 4% 3% / Inlormeuon Wrary Technology 7% 4% pert' Retaurces Cemetery 1% — 1 Pwlc. I Nnitete Perolon INon-Departmental) 3% Polls State PenAon(Non• Departmental) 5% Creative Spaces Library Trends Lilra'�y Business f Library ofThingti _ = Center Culture Houses y� w i 201 t ttrt� i 8 �l 6/24/2019 Bozeman • Center 1 One building for all your public safety needs with room to grow -Central location Cost savings — for the future i More privacy for victims B02EMAli PUBLIC SAFETY CENTER C r_ Parks Maintenance 10 6/24/2019 -44i�—: -meow Parks and Recreation Our outdoor and tecteatinq spaces keep our community's qual _ of life Wahl - $49mlllion Acres of Park Land >>> ' EEIS *.v Support Services "There is always someone that takes the time to say hello and ask if I need help. The City Attorney's Office staff has been wonderful,as well as the staff of the Finance Department. Laurae Clark even went out of her way and delivered a parking permit to my husband at work!" t 11 6/24/2019 Budget Work Sessions ✓ May 13 - City Manager's Recommended Budget presentation ✓ June 3—Special Revenue Funds and Urban Renewal budget work session ✓ June 10—General Fund budget work session ✓June 17— Enterprise and Internal Service Funds and TBID budget work session ✓Budget Open house 6/19 and 6/20 • June 24 - Final Budget Adoption - Resolution 5048 Resolution No. 5048 City Manager's Recommended Budget + 1 Budget Fund Type Account Type I Change Description Amount General Revenue Increase Revenues foradditional County Library Contribution 10,482 Fund Total Change in Ending Fund Balance—beyond CM Recommended Budget 10,482 _ Revenues _ TI F Changes-Workplans presented at 6/3 _ _ 1,669,250 Adjusted to$1.1 Million Estimated Revenue. Final budget will 798,800 Special Revenues contain$0In approved appropriation. Schedule another Revenue Dissolution Plan(workpla n)and budget adoption in August for TBI D only Funds Appropriations TIF Changes-Workplans as presented 6/3 (2,259,947) Appropriations I Fund 120 Workforce-Willow Springs added as described 6/3 (240,000) Total Change in Ending Fund Balance—beyond CM Recommended Budget (31,897) Enterprise Appropriations Data enter error need to include debt service payment. (1,239,000) Fund Reserves and rates had the payment in their calculations. Total Change in Ending Fund Balance—beyond CM Recommended Budget (1,239,000) Any other changes to the Budget should be made by amendment to a vote adopting Resolution No. 5048 12 6/24/2019 Resolution No. 5048 Financial Summary Proposed Budget Fiscal Year 2019-2020 General Special Construction Internal Fund Revenue Debt Service Projects Enterprise Service Permanent All Funds Projected Beginning Fund Balance/Working Capita $ 6,767,606 28,109 5 28,643,630 $ 411,41,4 $ 1,399,941 Estimated Revenues 32,687,698 25,816,442 40,751,603 - 36,488,903 9,380,066 90,000 45,214,712 Transfers In 369,483 4,265,877 38,044,733 955,000 105,458 - Total Estimated Revenues 33,057,181 30,082,319 40,751,603 38,044,733 37,443,903 9,485,524 90,000 188,955,263 Budgted Expenditures 33,949,877 31,510,635 3,443,702 41,467,362 41,081,471 9,377,654 - 160,830,70 Transfers out 355,000 5,076,753 37,602,070 706,728 - 43,740,551 Total Approprations 34,304,877 36,587,388 41,045,772 41,467,362 41,788,199 9,377,654 - 204,571,252 Increase/iDecrease)in Fund Balance/Working Capital (1,247,696) (6,505,069) (294,169) (3,422,629) (4,344,296) 107,870 90,000 (15,615,989) Projected Ending Fund Balance/Working Capital $ 5,519,910 $13,583,111 $ 4,629,308 $ 1,705,480 $24,299,334 $ 519,324 $ 1,489,941 $51,746,408 City Manager's Recommendations (Cuts/Adds) Changes to the Budget should be made by amendment to a vote adopting Resolution No. 5048 Recommended Changes for Final Budget Increase FY20 Estimated Beginning Fund Balance by cutting two 309,000 Beginning Fund FY19 General Fund Projects: balance Commission Room Remodel: $200,000 - Frost Plan: $109,000 General Appropriation Add fundingfor Bogert Pavilion Repairs of$200K (200,000) Fund Add funding for Parks and Trails District Election. Utilize (10,000) Appropriation previously identified"Primary Election-$421C and add$10K for total of$52K Appropriation Add funding for Broadband Plan to total of$50K (25,000) Total Change in Ending Fund Balance—beyond CM Recommended Budget 74,000 13 6/24/2019 General Fund - City Manager's Recommendations General F)nd Estimated Ending FY19 7,076,606 Revenues-FY20 EST 33,057.181 Expenditures (34,539,877) Net Income(loss) (1,482,696) Estimated Ending FY20 R and Balance 5,593,910 &1luln uiu Reserve Required 5,509,640 Difference(negative under funded) 84,270 **"Reconuuendation from Appendix D to worst towards 5,871,779 Difference(negative underfunded) (277.869) General Fund - City Manager's Recommendations Estimated FY20 General Fund Ending Reserve $s,oao,000 Goal:17%0(Expendlturez Level,$5,871,779 $5,600,000 $5,700,000 $5,593,910 Current.16.67%o(Revenues $5,600,000 Level,$5,509,640 $5,500,000 $5,400,000 $5,300,000 $5,200,000 $5,300,000 $5,000,000 City Manager's Recommended Budget Proposed Final Budget(with all cuts/adds) 14 6/24/2019 City Manager's Recommendations - Mill Levy • Property Valuations are updated by the State this year • Department of Revenue will not certify numbers to us until the first Monday in August. • It is likely that the Value of a Mill, Median Residential Property Value, and Maximum Number of Mills will all change because of changes in market value. • State laws do not allow a"windfall"of cash to the City because of increases in property values. Our maximum levy will be based on the DOLLARS we levied last year. • If values increase significantly in total,we will be required to lower our maximum number of mills. • The"Estimated 2019 General Taxes"shown on property owners Property Appraisal Notices,unfortunately,does not take this into effect. City Manager's Recommendations - Mill Levy • Future Operational Costs for Bozeman Public Safety Center(BPSQ • It was decided not to ask the voters to approve an operating levy at the time they approved the Construction Bonds. • Instead,the City would use future taxing authority"under the cap"to increase taxes to pay for operating costs. • If mills are increased this year beyond our recommendation,we advise that the BPSC operational cost(utilities, plowing,cleaning and security) be kept in mind and the mills would need to be"recaptured"for the center's operations in FY22. 15 6/24/2019 ESTIMATED Mills Under the Cap-(This is an ESTIMATE and three appriasal cycles in the future) 14 -- m 12 5 v 10 — — w 8 0 w 6 0 a 4 E z 2 0 FY20 FY21 FY22 t- ESTIMATED Remaining unleived 2.75 3.25 0.9 mills portion 911/Records mills portion 9 9 8.1 —0. ESTIMATED Total Under Number of 11.75 12.25 9 The Mills Under the Cap Average Property-7,500 Sqft lot,TV$292,000, 10-HCF water use FY20 Recommended ILk y/Assessment FY19 Approved Recommende in %Change Street Assessment 207.92 224.55 16.63 8% Arteria I Street Assessment 51.781 51.78 - 0% Tree(Forestry)Assessment 23.611 24.05 0.44 2% Property Taxes (No BPSC) 724.66 760.52 35.86 5% Property Taxes ONLY BPSC 0.00 52.17 52.17 100% Storm Water Services 70.92 73.76 2.84 4% Water Service 542.05 555.81 13.76 3% Sewer Services 630.99, 630.99 0.00 0% TEnotal Annual Estimated Increasi Monthly Increase 16 6/24/2019 Budget Summary • Bozeman Public Safety Center(Bond Sale and Construction) • General Fund • Expenditures increased 0.7%from FY19(Proposed changes would be 1.4% change) • 65%Personnel&Benefits • Special Revenue Funds • Expenditures increased 12.4%from FY19(Street Impact Fee Fund saw 18% increase or$1.1M,Street Maintenance expenditure increase$488,018 or 8%,Midtown TIFF increase of$1.4M for projects,and Workforce Housing increase of$562k) • Enterprise Funds • Expenditures increased 3.7%from FY19 Public Hearing • Public Comment • Work sessions • One written 17 6/24/2019 Certifed Taxable Final Adoption Values received from June 24th State of MT August 2019 I Final Levy Resolution CIP and Staffing Plan September 2019 -_ . development for FY21 (Advertise a Budget Sept-Feb Amendment as well) C And here again next fiscal year! 18