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HomeMy WebLinkAbout08-27-07_Resolution No_ 4060, Appropriation Resolution for _7 Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Anna Rosenberry, Finance Director Chris Kukulski, City Manager SUBJECT: Commission Resolution No. 4060 – Appropriation Resolution for Fiscal Year 2007-2008 MEETING DATE: August 27, 2007 BACKGROUND: On May 29, 2007 the Commission received the City Manager’s Recommended Budget for Fiscal Year 2007-2008. Since that time, the document has been available at the Library, City Hall, and on the City’s website. Numerous workshops were noticed and held to discuss specific budget issues during the past months, as well as many rate and fee hearings associated with this budget proposal. This was also the first year our budget workshops were broadcast via the public television station. The official public hearing for the budget was opened on July 16, 2007 and continued to this evening for final discussion and vote. Appropriation Changes: Based on workshop and public meeting discussions, the Appropriation Resolution has been prepared, and encompasses the following notable changes from the City Manager’s Recommended Budget: 1. 2 FTE’s Police Officers, Uniforms/Equipment, and Training: A total of $134,400 has been added to the Police Department budget so that two (2) more officers (including their uniforms, 24 personal equipment and training) can be added in FY08. This brings the total number of additional police officers in FY08 to three (3) FTE’s. 2. 2 FTE’s Firefighters, Uniforms/Equipment, and Medical Testing: A total of $127,000 has been added to the Fire Department budget so that two (2) more officers (including their uniforms, personal equipment and medical testing) can be added in FY08. This brings the total number of additional firefighters in FY08 to three (3) FTE’s. Taxable Value: On Friday, August 17, the Department of Revenue certified to the City that the value of one mill levied on all property in the city was $68,981. This was an increase of 9.1% over last year’s value. Tax Levy: The City’s tax levy will be 154.18 mills for FY2008. This is a 5.7% decrease from the FY2007 levy of 163.42 mills. This decrease of 9.24 mills is the net effect of many factors, including: the decrease of 9 mills related to the county-wide 911 Dispatch funding, debt service levies decreasing, the value of new construction, and the inflationary factor allowed by law. RECOMMENDATION: Adopt Commission Resolution No. 4060 – Appropriation Resolution for Fiscal Year 2007-2008. FISCAL EFFECTS: The fiscal effects of the annual Appropriation Resolution are far- reaching; they are detailed in the City Manager’s Recommended Budget document and in the Appropriation Resolution itself. ALTERNATIVES: As suggested by the City Commission. Respectfully submitted, Anna Rosenberry, Finance Director Chris A. Kukulski, City Manager Document on File: City Manager’s Recommended Budget for Fiscal Year2007-2008 Documents Attached: Commission Resolution No. 4060 UPDATED: Changes in Fund Balance/Working Capital 25 - 1 - COMMISSION RESOLUTION NO. 4060 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, APPROPRIATING FUNDS FOR VARIOUS BUDGET UNITS, AND FURTHER ESTIMATING REVENUE NECESSARY TO OPERATE AND MAINTAIN SERVICES OF MUNICIPAL GOVERNMENT FOR THE FISCAL YEAR ENDING JUNE 30, 2008. WHEREAS, the City Commission did, on the 29th day of May 2007, receive the City Manager’s Budget Recommendations for Fiscal Year 2007-2008 (Fiscal Year 2008); and WHEREAS, the City Commission did, on the 27st day of August 2007, after due and proper legal notice, conduct a public hearing on the proposed municipal budget and the proposed increase in taxes collected. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, to wit: Section 1 The City Commission of the City of Bozeman, Montana, does hereby authorize and appropriate expenditures of governmental fund types (general fund, special revenues funds, debt service funds and capital project funds) and operating expenses for proprietary fund types (enterprise funds and internal service funds) and fiduciary fund types (permanent funds) for budget units and purposes set forth below, in the amounts designated herein, as follows. The City Commission further authorizes and re-appropriates the unexpended balance of Capital Improvement Program items previously budgeted which have not been completed. Budget Unit Total/Fund General Fund $19,517,529 Special Revenue Funds 17,559,347 Debt Service Funds 2,621,206 Capital Projects 10,571,500 Enterprise Funds 14,085,124 26 - 2 - Internal Service Funds 3,199,499 Permanent Funds 16,000 GRAND TOTAL – Operating Budget $ 67,570,205 Section 2 The City Commission of the City of Bozeman, Montana does hereby estimate revenues for the various funds, as follows: General Fund $19,589,319 Special Revenue Funds 14,732,968 Debt Service Funds 2,303,440 Capital Projects 12,906,500 Enterprise Funds 17,671,512 Internal Service Funds 3,226,330 Permanent Funds 20,000 GRAND TOTAL – Estimated Revenues $ 70,450,069 Section 3 That budget information contained in the "City Manager's Budget Recommendation" document pertaining to Policy Direction, Fiscal Policy, and the specific information concerning budgeting for each department, as may be subsequently amended prior to final adoption of the budget, are hereby incorporated into the document entitled "Approved Budget for Fiscal Year 2007-2008" and are hereby adopted by reference. Section 4 27 - 3 - Pursuant to Sections 7-6-4006 and 7-6-4012, M.C.A., the City Commission hereby delegates appropriation and budget amendment authority to the City Manager for the expenditures from the following funds: debt service funds; fee-based budgets; trust funds; federal, state and private grants accepted and approved by the City Commission; special assessments; monies borrowed during the year; proceeds from sale of land; and funds for gifts or donations. Section 5 Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full force and effect on July 1, 2007. Section 6 That upon this resolution becoming effective, as provided in Section 5 above, all resolutions and parts thereof in conflict herewith are hereby repealed. Section 7 That should it be found by any court of competent jurisdiction that any section, clause, portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman, Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this document shall remain in full force and effect. PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a 28 - 4 - regular session thereof held on the 27th day of August, 2007. __________________________________________ Jeff Krauss Mayor ATTEST: __________________________________________ Cynthia Delaney Deputy City Clerk APPROVED AS TO FORM: __________________________________________ PAUL J. LUWE City Attorney 29