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HomeMy WebLinkAboutJ1. SP CM Budget Commission Memorandum REPORT TO: Honorable Mayor and City Commission FROM: Chris Kukulski, City Manager Anna Rosenberry, Administrative Services Director SUBJECT: Presentation of the FY2016-2017 (FY17) City Manager’s Recommended Budget MEETING DATE: May 9, 2016 AGENDA ITEM TYPE: Presentation/Discussion RECOMMENDATION: Listen to presentation, ask questions, and provide comments. BACKGROUND: This presentation will outline the FY2016-2017 (FY17) 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 20, 2016. Following are the tentatively schedule dates of budget discussions, along with their topics: May 9: City Manager’s Recommended Budget, overall May 16: Special Revenue Funds May 23: Enterprise Funds June 6: General Fund June 13 Tax Increment District and Business Improvement District Work-plans and Budgets June 20: Final Budget Hearing, Appropriation Resolution Hearing June 27: Tentative: Could potentially schedule meeting if necessary. 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. 613 The entire “FY2016-2017 City Manager’s Recommended Budget” document is available online at http://www.bozeman.net/Business/Budgets-and-Financials. 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 May and 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 Resident: Typical Resident: Annual Increase Recommended Budget Street Maintenance Assessment $22.07 Forestry Assessment $5.10 Arterial Street Assessment $19.79 Property Taxes $48.00 Water Services $12.36 Sewer Services $17.28 Storm Water Services - Annual Increase $124.60 Monthly Increase $10.38 The details surrounding these increases will be discussed at length through the budget-adoption process. Report compiled on: May 4, 2016 Document on File: City Manager’s Recommended Budget for Fiscal Year 2017-2016 Attached Documents: Budget Message (excerpt from Budget Document) 614 May 9, 2016 Bozeman City Commission: I am pleased to present to you the City Manager’s Recommended Budget for Fiscal Year 2016-2017 (FY17). This budget represents the thoughtful work of dozens of people in developing the spending plan for our organization for the coming year. Overview: While it is always difficult to balance the needs of our growing community with the resources we have available, we have arrived at a recommendation that fits within our maximum mill levy requirement and maintains our minimum General Fund reserve. Owing to the significant ongoing costs associated with Story Mill Landfill monitoring systems, we are recommending a new mill levy, within the City’s levy cap, that will be dedicated to funding landfill monitoring. We have also moved forward with the planned increases in Street Maintenance and Arterial & Collector District assessments; as well as the water and sewer rate increases that were adopted last year. Commission Goals and the Recommended Budget We continue to look to the Commission’s adopted goals as guidance for development of the budget. Updated this past spring, many priorities will require significant financial and human resources to accomplish. Budgetary support for numerous goals has been incorporated into our recommended spending plan for FY17. 1. Joint Law & Justice Center: During the summer of 2016 the City Commission will consider action to place the item on the November 2016 ballot. Once placed on the ballot, the City Commission and administration will spend considerable time educating the community on the effects of the ballot election. This budget contains the City’s estimated share of election costs for this ballot measure ($10,000). 2. Landfill: The installation of the remediation system at the Story Mill Landfill is under construction and has an anticipated completion date of June 2016. For the next 20 years, the City has an ongoing obligation to monitor the system. This is a new cost that would have been paid from a post-closure monitoring fund, but ours was depleted due to the costs associated with coverage and system design. Going forward, we recommend that 615 the Commission levy 4 mills from the all-purpose taxing authority to fund the annual post-closure monitoring that is required by the landfill and remediation system. This budget contains no additional money for legal defense. The budget does include appropriations of $750,000 from the Post-Closure Monitoring Fund that is currently being considered for settlement. 3. Unified Development Code Rewrite: The project is currently underway and is anticipated to be completed in late 2017. This was fully budgeted in FY16 ($300,000), and funds not expended in FY16 will be allocated for spending in FY17, per the professional services agreement. 4. Vision & Strategic Plan: The project is currently underway and is scheduled to be completed in October 2016. Similar to the UDC Rewrite, the project was fully budgeted in FY16 ($125,000), and funds not expended in FY16 will be allocated for spending in FY17, per the professional services agreement. 5. 2017 Legislative Agenda: The City will host an introductory meeting for legislative candidates in May, and identify legislative priorities between May and September. This budget includes $25,000 in the City Commission’s contracted services budget to hire a lobbyist to work on behalf of the City’s goals. 6. Parks Maintenance District: The calendar year of 2016 is essentially data gathering and preparatory work for extensive work throughout 2017. This budget contains $32,000 for a feasibility study of the Parks Maintenance District project (as well as an update of the PROST Plan, $100,000). 7. Broadband Expansion: The expansion plan will be presented to the City commission no later than December 2016. Economic Development, Public Works, Finance, City Management and Legal involvement will focus on accomplishing this task in late summer 2016. This budget includes the General Fund contributing $15,000 towards development of a conduit leasing policy and specifications, and $40,000 for conduit capital. 8. Impact Fee Updates: Updated analysis of our development impact fee programs are a priority in the coming months. This budget includes $100,000 of Street Impact Fees, and $50,000 of Water Impact Fees, and $50,000 of Wastewater Impact Fee funding for updates to these three impact fee calculations. The Fire Impact Fee study is scheduled to take place in FY18, after the Fire Master Plan has been updated. The Fire Master Plan is funded in both the General Fund ($35,000) and Fire Impact Fee Fund ($25,000) in this budget. 616 Significant changes during the past 12 months Creation of the Arterial & Collector Assessment District – In August 2015, the City Commission created a new assessment district to fund reconstruction and maintenance of the City’s backbone street network – the arterial and collector streets. The District issued its first assessment in October. We have been working to build the assessment from approximately $550,000/year up to $2 Million/year over a three year period. This is a critical funding portion of our Street Maintenance program and capital improvement plan. Implementation of Impervious Area charges and credits in the Storm Water Utility – This past December marked the last of numerous changes in the structure of our Stormwater Utility rates. We initially established the Utility with a flat rate based on the size of a property’s water meter. We now have a rate system that includes system base charges, credits for properties that have on-site or related stormwater systems, and charges for the amount of impervious area contained on a lot. This new rate structure is a better match between “cost-causer” and “cost-payer,” in recognition of the city’s long-standing fiscal policies. Continued Growth in Construction Sector - Our Building Inspection division has seen strong permit issuance in the past 36 months. Building Permit Construction Value Chart 1 While never completely stopping, building construction significantly slowed during 617 the recession. For the current fiscal year to date (July-March), the total value of Building Permits for New Construction is 15% less of the same time frame during the previous year, but still 24% higher than the 5-year average value, and three-fold what they were in 2010. Numerous positions were added to the Building Inspection division in Fiscal Year 2015. The department continues to operate with those same staffing levels. State-wide Reappraisal of Property Values - Last year, the State projected a dramatic decrease in assessed values for both commercial (19.25% decrease) and residential (3.52% decrease) property in Bozeman. They attributed this change to the timing of the 6-year appraisal cycles and the Great Recession. The State estimated that the value of one mill, levied city-wide after Tax Increments are excluded, to be $80,331 in FY16. We prepared for an 8.6% decrease in the city’s mill value. Upon final certification, the city’s value of one mill was determined to be $86,564, a 1.5% decrease from the prior year. For the coming year, we are estimating a 2% growth in the value of one mill. Final certification values won’t be known until August 2016. For the following year’s budget (FY18), the State will implement a new market valuation under its new 2-year reappraisal cycle. Staffing Level Changes General Fund/Community Development Positions We are recommending the addition of the following positions in the General Fund and the Community Development Fund: Department/Division Position Full-Time Equivalents Recreation - Aquatics FIVE .46 FTE in Aquatics 2.30 Recreation - Aquatics Assistant Aquatics Manager 1.00 Human Resources Human Resources Generalist 1.00 Library Bookmobile & Outreach Librarian I - Supervisory 1.00 Police Digital Forensic Examiner 1.00 Planning Historic Preservation Officer 0.40 Recreation - Programs Short Term - Rec Leader Winter 0.25 Total 6.95 Full-Time Equivalents 618 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 Engineering Short-Term Worker for Data Collection 1.25 Solid Waste City Service Worker 1.00 Str/Signs City Service Worker 1.00 Water Sewer Ops Short-Term Worker for Data Collection 0.75 Forestry Forestry Superintendent, Start 1/1/2017. 0.50 Stormwater Short-Term Worker for Data Collection 0.25 Total 4.75 Full-Time Equivalents 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 $29.8 Million in expenditures, in the following areas: Department/Division General Fund Amount Commission 205,001 City Manager 803,043 Courts 770,495 Attorney 1,206,490 Admin Svcs (Fin/IT/HR) 2,542,094 Facilities 1,332,312 Police (incl. State Ret.) 8,615,216 Fire (incl. State Ret.) 5,948,496 Public Services/Streets 140,331 Cemetery 490,889 619 Department/Division General Fund Amount Parks 2,161,670 Library 1,868,293 Recreation 2,026,743 Economic Development 413,429 Sustainability 166,883 Non-Departmental 1,190,816 TOTAL Expenditures 29,882,201 FY17 Recommended - General Fund Budget 1 As shown in the above graph, Police and Fire services combined comprise 49% ($14.6 Million) of the General Fund’s spending. The next largest departments are 620 grouped together, each spending roughly $1.3 - $2.5 Million and each comprising 4.5-9% of the budget: Administrative Services, Recreation, Library, Parks, and Facilities Maintenance. 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. As discussed in more detail on page 59, this budget exceeds the required minimum reserve of approximately $4,900,000 (16.67%) at the end of Fiscal Year 2017. Estimated ending Undesignated Fund Balances is $5,044,294 (17.2%). Residential City Property Taxes for FY14, FY15, and FY16 In November 2012, the voters approved this issuance of up to $15 Million in General Obligation Bonds under for the purpose of expanding, creating new, and improving existing parks, trails, athletic fields and natural areas. At the time of the vote, we estimated that a $15 Million bond will cost the typical household less than $45/year. For the FY17 tax year, we are estimating the cost to the typical household to be $42.30. In total, the Approved Budget would levy an estimated 223.96 mills on all taxable property within the City limits. Details of the estimated levy can be found on page 37. This represents an increase of 13.8 mills over last year. This increased levy is attributable to numerous issues, including: • Addition of 4 mills for Landfill Monitoring. • Increase in the Permissive Medical Levy of 2.94 mills. • Calculation of maximum mill levy with estimated increase in inflation factor, and estimate of newly taxable property increase of 2%. Assessed Market Value Estimated Taxable Value FY14 City Tax Levy = 173.08 mills FY15 City Tax Levy = 188.76 mills FY16 City Tax Levy = 210.16 mills FY17 Estimated City Tax Levy = 223.96 mills Median Home ~$256,000 $3,468 $622 $678 $729 $777 $200,000 $2,820 $762 $831 $593 $632 $300,000 $4,230 $1,142 $1,246 $889 $947 * Median Value changed due to reappraisal in FY16 621 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. Last tax year, the Department of Revenue and the State Legislature made significant changes to tax policy. Due to those changes in tax policy and the implementation of new market values in a statewide reappraisal, the City’s median home value dropped slightly from $279,000 in FY14 to $256,000 in FY15. The median home will pay $3.47 in City property taxes for every mill levied in Fiscal Year 2017. Residents living in the median home are estimated $777 in annual property taxes to the City, an increase of $48 above last year. General Taxes - Cost per Mill For the coming fiscal year, we are estimating a 2% increase in the value of taxable property across the city. Taking into account the 1.5% reduction in values we experienced last year, taxable values for the City have an average increase of only 1.5% per year for the past 5 years. However, given the continued strong building permit activity, 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 15% increase in the Street Maintenance assessment, resulting in an annual assessment of $169.24 for the average sized lot. The majority of this increase is attributed to the second year 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 FY17 (second year), we are recommending a 90% increase in the assessment from last year. For the average sized residential lot, the annual assessment would be $41.33 for the year. The Tree Maintenance District is in need of a 30% increase to support the addition of a Forestry Superintendent and 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 622 adopted in July 2014. For the average sized residential lot, the annual assessment would be $22.10 for the year. Combined, property owners of an average sized city lot would pay $232.67 in annual assessments. This is an increase over the previous year of $46.96, or $3.91 per month. Lot Size FY15 Approved 6.39% Streets & - 1.2% Trees FY16 Approved 10% Streets & 2% Trees, with Arterial Street District FY17 Recommended 15% Streets & 30% Trees, 90% Arterial Street District Small= 5,000 sq ft. Streets - $89.18 Streets - $98.10 Streets - $112.81 Trees - $11.11 Trees - $11.33 Trees - $14.73 New! Arterial Streets - $14.36 Arterial Streets - $27.55 Average = 7,500 sq ft. Streets - $133.79 Streets - $147.17 Streets - $169.24 Trees - $16.67 Trees - $17.00 Trees - $22.10 New! Arterials Streets – $21.54 Arterials Streets – $41.33 Large = 10,000 sq ft. Streets - $178.39 Streets - $196.23 Streets - $225.66 Trees - $22.23 Trees - $22.67 Trees - $29.47 New! Arterial Streets – $28.73 Arterial Streets – $55.10 Utility Rates Water & Sewer: City property owners are by and large required to utilize the City’s water and sewer treatment systems. Last year, we updated our 5 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. The Recommended Budget incorporates these rate increases that have already been approved. 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 are not recommending 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 $2.47/month. 623 Average Residential Customer Approved FY15 Monthly Bill Jan. 2015-June 2015 0% Increase Water 3% Increase Sewer Stormwater, Revised Approved FY16 Monthly Bill 2.5% Increase Water 3% Increase Sewer Stormwater, Revised Recommended FY16 Monthly Bill 2.5% Increase Water 3% Increase Sewer 0% Stormwater Water $40.15 per month $41.15 per month $42.18 per month Sewer $46.73 per month $48.13 per month $49.57 per month Stormwater $ 3.23 per month $ 5.91 per month $ 5.91 per month Total $90.11 per month $95.19 per month $97.66 per month In Conclusion We understand the This Recommended Budget was developed to preserve and improve property values and the quality of life around town, while trying to minimize the financial impacts to residents, businesses, and property owners. To summarize, a typical residential property owner will likely see taxes and assessments increase by $124.60 for the year, or $10.38 per month. Typical Resident: Annual Increase Recommended Budget Street Maintenance Assessments $22.07 Forestry Assessments $5.10 Arterial Street Assessment $19.79 Property Taxes $48.00 Water Services $12.36 Sewer Services $17.28 Storm Water Services - Annual Increase $124.60 Monthly Increase $10.38 We look forward to Commission and community discussions regarding its improvement and adoption. Respectfully, Chris Kukulski, City Manager Anna Rosenberry, Administrative Services Director 624