FY2018 Budget Presentation - Town of Brownsburg

FY2018 Budget Presentation Presentation to Town Council August 30, 2017

Review of the 2017 Citizen Survey Overview of the 2018 Budget Overview of the Major Funds Summary of Significant Changes FY2018/2019 Issues for Council Input

2

Review of the 2017 Citizen Survey

3

• Survey completed in April 2017; 1,500 random surveys sent, about 3% were returned by the post office. • 423 completed the survey, a response rate of 29% (31% in 2015, 31% in 2013, 37% in 2011); 25-40% response rate is typical nationally. • +/- 5% margin of error on survey responses.

4

• 83% of residents rated the overall quality of life in Brownsburg as excellent or good; this rating has held consistent with surveys in 2011, 2013, and 2015 that were all between 83% and 86%.

5

• The three community pillars of a) Community Characteristics, b) Governance, and c) Participation are evaluated across 8 facets, with Safety, Mobility, and Economy identified by residents as most important:

6

Community Characteristics

• An overview of the results of the Community Characteristics component of the survey is as follows:

7


8


9


• Areas of note that have shown sustainment or improvement since the 2015 survey include: (Percent rated positively (excellent/good))

10


(Percent rated positively (excellent/good))

11

Community Characteristics (Percent rated positively (excellent/good))

12


• Areas of note that have shown opportunities for continued improvement since the 2015 survey or when compared to the national benchmark include: (Percent rated positively (excellent/good))

13

Governance

• An overview of the results of the Governance component of the survey is as follows:

14

Governance

15

Governance

16

Governance


17

Governance (Percent rated positively (excellent/good))

18

Governance (Percent rated positively (excellent/good))

19

Governance

• Areas of note that have shown opportunities for continued improvement since the 2015 survey or when compared to the national benchmark include: (Percent rated positively (excellent/good))

20

Participation

• An overview of the results of the Participation component of the survey is as follows:

21

Participation

22

Participation

23

Participation


24

Participation

• Areas of note that have shown opportunities for continued improvement since the 2015 survey or when compared to the national benchmark include: (Percent rated positively (excellent/good)) 11% 14%

Watched a Local Public Meeting

26% 28%

Work in Brownsburg

61% 63%

Recycled at Home 32% 32%

Carpooled Instead of Driving Alone

35% 37%

Contacted Brownsburg Employees 0%

25

10%

20%

30%

40%

50%

60%

70%

2017 2015

Custom Questions The Town is considering the launch of an Adopt-a-Roadway program wherein residents can form teams to clean up “adopted” segments of Town roadways. The teams would be responsible for picking up litter along their adopted segment 2-4 times per year. Trash bags, gloves, and safety vests would be provided and the Town would haul away the collected trash. To what extent do you support or oppose the Town launching this type of program?

26

Custom Questions If you support the program please indicate the most you would be willing to participate in a clean up event.

27

Custom Questions Do you notice sewer odors in the area of the community in which you live?

28

Custom Questions The Town is considering providing an electronic notification of combined sewer overflow events or system maintenance to subscribers. Please indicate the one type of notification you most prefer.

29

Custom Questions Please indicate whether you use each of the following as a major source, minor source or not a source of information to find out about news and events in the Town of Brownsburg.

30

Custom Questions

How satisfied are you with the availability of parking at the Farmer’s Market?

31

Overview of the 2018 Budget

32

Growth Trends & Associated Impact 2012-2018 Summary of Growth Trends & Impact of Growth on the General Fund Budget Impact Adopted General Fund Budget * General Fund Change %

2012 $ 7,840,139 $

2013 7,690,918 $ -1.9%

2014 8,237,362 $ 7.1%

2015 8,841,552 $ 7.3%

2016 9,180,625 $ 3.8%

2017 9,506,642 $ 3.6%

2018 9,629,239 1.3%

Assessed Value/Development Impact Town Assessed Value (AV) $904,394,354 $1,006,255,220 $ 1,054,976,670 $ 1,116,303,889 $ 1,220,811,248 $ 1,272,203,529 $ 1,291,175,984 5.8% 9.4% 4.2% 1.5% AV Change % 11.3% 4.8%

Total % Average % Impact Since Change 2012 22.8% Total % Average % Impact Since Change 2012

Population Impact The Town population according to the 2010 Census was 21,285, in 2013 the Census estimated 23,160, estimated 24,996 in 2015, and estimated 25,408 for 2016. Based on these recent trends, the Town estimates a popluation of 27,000 by end of 2018.

Inflation Impact According to the Bureau of Labor Statistics CPI Inflation Calculator, $1.00 in Jun 2017 has the same buying power as 0.94 in 2012. ** For example, using the calculator the 2012 budget would need to be $8,368,912 in Jun 2017 to have the same buying it had at $7,840,139 in 2012.

Square Mileage Impact The square mileage of the Town has increased from 14.79 in 2012 to 15.82 in 2016. NOTES: * Actual disbursements may be less than the amount adopted. Increasing or stable fund balances reflect this fact. ** Source: http://www.bls.gov/data/inflation_calculator.htm or http://www.usinflationcalculator.com/

33

3.5%

6.2%

42.8% Population Change Since 2010 26.8% Approx. Inflation Impact Since 2012 7.0% Sq Mileage Impact 20122016 7.0%

Fund Budget Description FUNDS THAT SUPPORT TOWN OPERATIONS 101 General Fund Budget 201 MVH Fund Budget 202 Street LR&S 211 Parks Non-Reverting 214 Parks BASE Non-Reverting 703 Police Pension SELECTED SPECIAL REVENUE FUNDS 204 Parks Capital Improvement 212 Park Impact Fee 213 Police Investigations 231 Police Gift 233 Police LECF 236 Clerks Record Perpetuation 242 RDC Fund Budget 257 LOIT Special Distribution 257 275 Insurance/Deductibles 280 Food & Beverage 803 Riverboat Fund Budget 804 Rainy Day Fund Budget 806 Special Revenue Tax Fund--Wynne Farms

34

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

2017

% Change Proposed 2018 17 to 18 Amount Change

9,506,642 2,047,591 300,000 614,461

$ $ $ $

9,691,629 2,528,829 300,000 576,471

1.95% 23.50% 0.00% -6.18%

$ $ $ $

184,987 481,238 (37,990)

732,581 $ 262,500 $

885,366 292,500

20.86% 11.43%

$ $

152,785 30,000

165,000 80,000 24,500 30,000 4,040 3,833,369 2,600,000 36,235 742,815 100,000 303,000 291,905

N/A -76.96% 700.00% -1.21% 0.00% 0.00% -21.91% -5.45% N/A -15.83% 0.00% -80.49% N/A

$ $ $ $ $ $ $ $ $ $ $ $ $

(551,000) 70,000 (300) (1,075,608) (150,000) 36,235 (139,739) (1,250,000) 108,662

716,000 10,000 24,800 30,000 4,040 4,908,977 2,750,000 882,554 100,000 1,553,000 183,243

$ $ $ $ $ $ $ $ $ $ $ $ $

Budget Description Fund CAPITAL PROJECTS FUNDS 401 CCI Fund Budget 402 CCD Fund Budget 444 EDIT Fund Budget 457 Local Road & Bridge DEBT SERVICE FUNDS 318 Building Debt-Fire 319 Building Debt-Municipal 320 General Obligation Bond 2015 321 General Obligation Bond 2016 ENTERPRISE FUNDS 601 Water Fund Budget 605 Storm Water Fund Budget 606 Wastewater Fund Budget 609 WW Construction FUNDS THAT SUPPORT FIRE PROTECTION SERVICES 177 Fire Territory Budget 277 Fire Service Fee Fund 377 BFT Equipment Replacement 477 Fire Territory Grant Fund 777 Fire Territory Gift Fund Special Fire Services General TOTALS

35

% Change 17 to 18 Amount Change

2017

Proposed 2018

$ $ $ $

187,000 439,984 1,623,120 -

$ $ $ $

45,000 464,309 3,008,526 2,114,000

-75.94% 5.53% 85.35% N/A

$ $ $ $

(142,000) 24,325 1,385,406 2,114,000

$ $ $ $

1,527,500 227,050 -

$ $ $ $

334,500 1,182,500 229,800 236,100

-78.10% N/A 1.21% N/A

$ $ $ $

(1,193,000) 1,182,500 2,750 236,100

$ $ $ $

4,098,677 1,701,926 4,337,118 -

$ $ $ $

4,244,276 1,513,973 4,854,971 -

3.55% -11.04% 11.94% N/A

$ $ $ $

145,599 (187,953) 517,853 -

$ $ $ $ $ $ $

9,433,324 15,000 681,890 1,500 20,100 48,920,578

$ 9,980,286 $ 15,000 $ 896,075 $ 1,500 $ 20,100 $ $ 51,626,575

5.80% 0.00% 31.41% 0.00% 0.00% N/A 5.53%

$ $ $ $ $ $ $

546,962 214,185 2,705,997

36

37

Property Tax Rate History & 2018 Projection Corp General Corp MVH Building Debt (Fire St & Town Hall) 2015 Gen Obligation Bond 2016 Gen Obligation Bond 2013 Town Hall Bonds Corp CCD Fire Territory Fire Territory Equip TOTALS Change

38

2012 0.4407 0.0592 0.2628

2013 0.4433 0.0238 0.1656

2014 0.4307 0.0411 0.1406

2015 0.4138 0.0403 0.1466

2016 0.3979 0.0409 0.1415 0.0178

0.0491 0.3064 0.0316 1.1498

0.0443 0.3083 0.0325 1.0178 -11.48%

0.0428 0.2975 0.0321 0.9848 -3.24%

0.0423 0.2983 0.0322 0.9735 -1.15%

0.0417 0.2862 0.0323 0.9583 -1.56%

2017 0.3872 0.0510 0.0126 0.0194 0.0205 0.0880 0.0417 0.2867 0.0333 0.9404 -1.87%

2018 Projected 0.3972 0.0523 0.0000 0.0138 0.0160 0.0925 0.0417 0.2939 0.0333 0.9407 0.03%

Operations Funded by Property Tax – The portion of the budget derived from property tax revenue includes the General Fund, Motor Vehicle Highway (MVH) Fund, Building Debt Funds, General Obligation Bond debt service funds, and the Cumulative Capital Development (CCD) Fund. Approximately 22% of the annual property tax paid by a homeowner goes to the Town of Brownsburg to fund these seven funds. 2018 Budget Funded by Property Tax Fund 101 201 318 319 320 321 402

39

Budget Description General Fund Budget MVH Fund Budget Building Debt Fund Budget--Fire Building Debt Fund Budget--Municipal General Obligation Bond 2015 General Obligation Bond 2016 CCD Fund Budget TOTAL

Proposed 2018 Budget $ 9,691,629 $ 2,528,829 $ 334,500 $ 1,182,500 $ 229,800 $ 236,100 $ 464,309 $ 14,667,667

Specific Use of Property Tax Revenue as a Percentage of Overall Budget That’s Funded by Property Tax Revenue

40

Overview of the Major Funds

41

General Fund

42

Fund

Budget Description

101

General Fund

2017 Budget $

9,506,642

2018 Proposed $

9,691,629

Percent Changed 2%

Amount Changed $ 184,987

•

EOY 2017 fund balance projection is $4,681,792, or 47.75% (ending cash/total operating disbursements).

•

The main changes to the General Fund are: o

A $131,624 increase in Personal Services primarily related to increases in employee health insurance, six police officers moving from probationary to regular pay, an increase in detective incentive pay, and impact of 1% merit pool.

o

A decrease in Supplies of $31,982 is being proposed.

o

Increases in both Capital Outlays and Other Services and Charges, totaling $10,250 and $75,095 respectively.

General Fund Revenue vs Disbursements

$12,000,000

$10,000,000 $8,680,288 $8,000,000

$8,768,629 $8,568,714

$9,037,536

$9,381,637

$9,506,642 $9,691,629 $9,691,629

$8,503,426

$7,890,628

$6,000,000

Revenue Disbursements

$4,000,000

$2,000,000

$-

2014 Actual 43

2015 Actual

2016 Actual

2017 Projected

2018 Projected

44

Motor Vehicle Highway (MVH) Fund

45

Fund

Budget Description

201

MVH Fund

2017 Budget $

2,047,591

2018 Proposed $

2,528,829

Percent Changed 24%


•


•

The main changes to the MVH Fund are: o

A $223,775 increase in Personal Services. Including $78,904 for labor, part of which is related to converting a part time position to a full time position. As well as a $86,852 increase for employee health insurance. Also, salaries and wages for several positions are allocated less to the General and Stormwater Fund and rely more on the MVH Fund.

o

Other Services and Charges will see a reduction of $151,559 primarily due to a reduction in the amount for resurfacing.

o

Major expenditures in Capital Outlays include $450,000 for the Thornburg Parkway Extension/Cardinal Property project and $150,000 for various sidewalk connectivity and ADA ramp upgrade projects.

MVH Fund Revenue vs Disbursements $3,000,000

$2,528,829 $2,500,000

$2,000,000

$2,047,591

$1,998,318

$2,056,453

$1,881,254 $1,743,938

$1,707,985

$1,622,222 Revenues

$1,500,000

$1,326,604

Disbursements

$1,209,979 $1,000,000

$500,000

$2014 Actual

46

2015 Actual

2016 Actual

2017 Projected

2018 Projected

MVH Fund Yearly Comparison $3,000,000

$2,528,829 $2,500,000

$2,230,212 $2,047,591 $2,000,000

$612,000

$1,499,711

$175,000 Total Capital Outlays

$1,523,185

$801,388

$1,500,000

$330,000

$600,000

$242,000

$952,947 $805,130

$532,105

$1,000,000

$245,130

$515,865 $245,350

$500,000

$239,845

$414,001

$243,920

$244,980 $882,311

$505,160

$568,102

2015 Budget

2016 Budget

$674,294

$-

2014 Budget

47

2017 Budget

2018 Proposed

Grand Total Other Services & Charges Grand Total Supplies Grand Total Personal Services

Cumulative Capital Development (CCD) Fund

48

Fund

Budget Description

402

CCD

2017 Budget $

2018 Proposed

439,984 $

464,309

Percent Changed 6%


•

EOY 2017 fund balance projection is $235,788, or 46.89% (ending cash/total operating disbursements).

•

The main change to the CCD Fund are: o

A $58,000 increase in Capital Outlays for the replacement of a Street Department dump truck. The majority of this increase is offset by reductions elsewhere in the CCD Fund.

o

$240,000 has been budgeted for the purchase of 8 police vehicles.

o

Also included is $22,500 for PC replacements, $26,806 for mobile data terminals (MDTs) for the police vehicles, and $10,000 for Microsoft Office licenses.

CCD Revenue vs Disbursements

$700,000

$585,682

$600,000

$500,000

$456,497 $416,271

$400,000

$461,343

$443,791

$467,128 $464,309 $439,984

$383,707 Revenues Disbursements

$300,000 $256,270

$200,000

$100,000

$2014 Actual

49

2015 Actual

2016 Actual

2017 Projected

2018 Projected

CCD Fund Yearly Comparison

$800,000

$697,510

$700,000

$600,000

$500,000

$488,340 $452,906 $530,000

$439,984

$464,309 Capital Outlays

$400,000

$300,000

Other Services & Charges

$330,000

$277,750 $318,000

$342,500

$200,000

$100,000

$60,000 $98,340

$-

50

2014 Budget

$45,000

$63,750

$122,510

$111,406

2015 Budget

2016 Budget

$33,750

$31,250

$88,234

$90,559

2017 Budget

2018 Proposed

Total Supplies

Water Fund

51

Fund

Budget Description

601

Water Fund

2017 Budget $

4,098,656

2018 Proposed $

4,244,276

Percent Changed 4%


•


•

The main changes to the Water Fund are: o

A decrease in Personal Services of $20,389, primarily due to a reallocation of how certain salaries are paid—less reliance on the water fund and more reliance on the general fund for certain administrative positions.

o

$234,884 increase in Other Services and Charges, part of which is related to a need for rehab work at backwash water pond and at three wells.

o

A $70,000 decrease in Capital Outlays (Increased in 2017 Budget for new truck purchase).

Water Operating Revenue vs Disbursements $5,000,000 $4,500,000 $4,000,000

$4,335,838 $3,945,931 $3,683,591

$4,018,126 $3,875,937 $3,778,202 $3,722,691 $3,630,326

$4,244,276

$3,721,691

$3,500,000 $3,000,000 Revenues

$2,500,000

Disbursements $2,000,000 $1,500,000 $1,000,000 $500,000 $2014 Actual

52

2015 Actual

2016 Actual

2017 Projected

2018 Projected

Water Fund Yearly Comparison

$4,500,000

$4,000,000

$3,977,759 $370,000

$3,886,881 $240,000

$4,018,925 $270,000

$4,098,656

$4,244,276 $35,250

$110,000

$3,500,000

$3,000,000

$2,500,000

$2,221,152 $2,156,881

$2,098,210

$2,456,036

$2,089,461 Total Capital Outlays Total Other Services & Charges Total Supplies

$2,000,000

$1,500,000 $309,550

$343,835

$369,785

$371,991

$377,866

$1,000,000

$500,000

$1,141,328

$1,204,836

$1,289,679

$1,395,513

$1,375,124

2014 Budget

2015 Budget

2016 Budget

2017 Budget

2018 Proposed

$-

53

Total Personal Services

Stormwater Fund

54

Fund

Budget Description

605

Stormwater Fund

2017 Budget $

1,703,591

2018 Proposed $

1,513,973

Percent Changed -11%

Amount Changed $ (189,618)

•


•

The main changes to the Stormwater Fund are: o

$87,664 decrease in Personal Services. Part of which is due to the removal of the Stormwater Technician position, which is on hold for FY2018.

o

A $102,421 decrease in Other Services and Charges from a reduction in consulting fees.

Stormwater Fund Revenue vs Disbursements $3,500,000

$3,008,087

$3,000,000

$2,500,000

$2,000,000 $1,703,591

Revenue $1,513,973

$1,500,000 $1,234,998 $1,196,189

$1,273,264 $1,281,528 $1,198,650

$1,290,100

$1,288,500

$1,000,000

$500,000

$2014 Actual

55

2015 Actual

2016 Acutal

2017 Projected

2018 Projected

Disbursements

Stormwater Fund Yearly Comparison

$3,500,000

$2,861,476

$3,000,000

$400,000 $2,500,000

$2,000,000

$1,813,640 $196,000

$1,500,000

$1,489,639

$20,000

$1,793,727

$1,513,973 $20,250

$1,000,000

$882,987 $780,566

$786,455 $70,666

$89,310

$109,350

$542,132

$613,874

$558,399

2014 Budget

2015 Budget

2016 Budget

$105,750

$70,883

$729,938

$642,274

2017 Budget

2018 Proposed

$-

56

Total Other Services & Charges Total Supplies Total Personal Services

$969,758

$500,000

Total Capital Outlays

$1,703,591

Wastewater Fund

57

Fund

Budget Description

606

Sewer Fund

2017 Budget $

4,335,267

2018 Proposed $

4,854,971

Percent Changed 12%


•


•

The main changes to the Wastewater Fund are: o

A $30,262 decrease in Personal Services due to a reallocation of the way certain salaries and benefits are paid.

o

$150,000 increase in engineering fees including lift station capacity reviews, sanitary design, and separation and drainage improvements along Odell/College.

o

A $130,300 increase for sanitary/storm improvements such as root treatment, sewer lining and repairs.

o

$80,000 increase for the purchase of a new truck.

o

$83,712 increase for 2016 SRF bond debt service payments related to the WWTP Expansion Project.

Wastewater Fund Revenue vs Disbursements

$8,000,000

$7,000,000

$6,823,108

$6,000,000 $5,476,267 $5,098,467

$5,000,000 $4,473,416 $4,111,141

$4,756,073 $4,306,750

$4,687,333

$4,854,971

$4,335,267 Revenue

$4,000,000

Disbursements $3,000,000

$2,000,000

$1,000,000

$2014 Budget

58

2015 Budget

2016 Budget

2017 Budget

2018 Projected

Wastewater Fund Yearly Comparison $8,000,000

$6,823,108

$7,000,000

$1,300

$6,000,000

$5,000,000

$4,407,694

$4,854,971

$4,756,073 $89,300

$40,000

$4,335,267 $4,862,084

$105,250

$5,150

$4,000,000

$3,000,000

$2,613,121

$2,000,000

$2,731,182 $2,619,935

$293,275

$306,900

$1,463,283

$1,642,316

$1,652,824

2014 Budget

2015 Budget

2016 Budget

$291,290 $1,000,000

$2,959,390

Total Personal Services

$291,806

$337,756

$1,418,376

$1,452,575

2017 Budget

2018 Proposed

$-

59

Total Capital Outlays Total Other Services & Charges Total Supplies

Redevelopment Commission (RDC)/TIF Fund

60

Fund

Budget Description

242

RDC/TIF Fund

2017 Budget $

4,908,977

2018 Proposed $

3,833,369

Percent Changed -22%

Amount Changed $ (1,075,608)

•

EOY 2017 fund balance projection is $1,908,977 or 36.00% (ending cash/total operating disbursements).

•

Fiscal year 2018 RDC/TIF Budget includes: o

A decrease of $178,301 in Other Services and Charges. This includes decreases in engineering and appraisal fees, as well as redevelopment grant funding. Part of this decrease is also related to Special Benefits Tax Revenue Bond repayments being moved to a new fund (Fund 806 – Wynne Farms TIF).

o

Major expenditures include $341,000 in engineering fees for four different roundabouts and $130,000 for design engineering for the College/Odell intersection and drainage improvement.

o

$2,213,869 for debt service payments on eight bonds and trustee fees.

o

$500,000 for miscellaneous unidentified property purchases.

o

$216,000 for master lease payments (transfer from Fund 444 EDIT).

EDIT Fund

61

Fund

Budget Description

444

EDIT Fund

2017 Budget $

1,623,120

2018 Proposed $

3,008,526

Percent Changed 85%

Amount Changed $ 1,385,406

•


•

Fiscal year 2018 EDIT Budget includes expenses associated with the public/private mixed use development project in and adjacent to the former St. Malachy property: o

$216,000 for Envoy Master Lease ($216,000 is the maximum amount, the payment could be less). This amount will be transferred to Fund 242 (TIF) and then disbursed from that fund.

o

$429,450 for Scannell Initial Cash Contribution (payment timing tied to construction, could be paid in 2017 via special appropriation).

o

$466,000 for Scannell Developer Payments.

o

$478,250 for F&C Initial Cash Contribution (payment timing tied to construction, could be paid in 2017 via special appropriation).

Summary of Significant Changes

62

• Proposed Pay Increases – The proposed budget includes a 1% merit based pay pool for all Civil Town employees. Police have a 1% across the board increase. The impact of the increases are summarized in the following table: Impact of Proposed FY2018 1% Merit Increase by Fund 101 Police & Police Civil 101 Civil 601 605 606 201 $15,317 $38,256 $9,540 $4,775 $10,056 $6,397

63

214 Parks 211 Parks BASE 280 Parks Non NonFood & Revert Revert Bev 444 TOTAL $1,180 $2,247 $4,823 $235 $92,826

• Street Resurfacing and Sidewalk Replacement – We have budgeted the following funds for Street resurfacing in the 2017 budget: o $475,000—Motor Vehicle Highway, plus $150,000 for sidewalk connectivity and ADA ramp upgrades (MVH)--$625,000 total o $100,000—Riverboat o $200,000—Rainy Day o $225,000—Local Roads and Streets (LR&S) o $1,150,000 Total Street Resurfacing Budget

64

• Vehicle Purchases o o o o •

65

Police--$240,000 for 8 vehicles Street--$45,000 to replace pick up truck Water--$35,000 to replace one truck Sewer--$80,000 to replace two trucks

Health Insurance-- We have budgeted $19,770 for each employee with family coverage and $6,825 for single employees. This constitutes a 5% increase over FY2017 amounts. As a self-insured entity, these funds cover a variety of items for the Town to include claims, premiums, health clinic expenses and Health Savings Accounts (HSA) contributions. The FY2014 increase of 5%, 2% for FY2015, 3% increase for FY 2016, 1.5% for FY2017, and proposed 5% for FY2018 follow three fiscal years of no increase. The following table summarizes, by fund, the health insurance cost increases— both from the 5% increase, as well as the 2017 addition of new positions or changes from single to family coverage status by some employees:

66

• Summary of Capital Projects 2018 Projects Project Name Cardinal Park & RTP Trail

Project Description Trail connecting East Middle School through Cardinal Park to the B&O Trail

Project Cost $1,350,000

Fund Source Park Impact Fee Fund 212, MVH 201, Stormwater 605, will require future special appropriation

Enderly Ave & Mill Street

Extension of Enderly Avenue and Mill Street. R/W acquistion estimated to be completed by Oct with construction starting in 2017 and finishing in 2018

$1,114,000

GO Bond, Community Crossing Grant Program Fund 457

Arbuckle Commons

Construction began in 2017 and will finish in early 2018

$1,675,000

GO Bond and developer contribution

$3,185,900

LOIT Fund 257

Green Street Widening Letting near the end of 2017, this is a Project federally funded (90/10) project to add bike lanes and a two-way left turn lane (3rd lane). Northfield Drive - CR 300 to CR 400

Federally funded project scheduled to let in July. Cost split is 80/20. Project will complete the east missing portion of Northfield Drive as well as construct roundabouts at CR300 and CR400

Sidewalk Connectivity, Sidewalk connections throughout town ADA Ramp upgrades to fill-in missing gaps of sidewalk, including along 56th Street. Northfield Drive East (Green St. to 56th St) TOTALS

67

Resurfacing & Safety Improvements

Bond - TBD

$150,000

MVH Fund 201

$1,000,000

Community Crossing Grant Program Fund 457 (Tentative)

$8,474,900

• Anticipated Engineering Costs in Support of Capital Projects

Description Roundabout at Hornaday & 300N Roundabout at Tilden & Odell Roundabout at Airport & Hornaday Roundabout at Green & Airport Ped Crosswalk CR 700N B&O Tunnel College & Odell Drainage TOTAL

68

FY2018 Funding Source 242 242 242 242 TBD (444, 201, etc) TBD (444, 201, etc) 806 242 & 606

$ $ $ $ $ $ $ $ $

Amount 60,000 116,000 115,000 50,000 50,000 70,000 50,000 160,000 671,000

•

•

Park Improvements – Funds have been budgeted for various park improvements as follows: o $381,800 for security camera and electrical improvements to Cardinal and Williams Park; shelter improvements at Williams and Arbuckle; and land acquisition ($250,000)—all the Food & Beverage Fund 280. o $165,000 for trail head development at the Cardinal property from the Park Impact Fee Fund 212. Contingency -- We have budgeted $354,640, which is $22,390 more than in FY2017. The FY2017 amount was $70,000 less than the 2016 amount. The budgets are as follows: Fund 101 601 605 606 201 402 401 804 280 242 TOTAL

69

Proposed 2018 Contingency Budget $ 70,140 $ 22,750 $ 11,500 $ 37,750 $ 41,250 $ 21,250 $ $ 50,000 $ $ 100,000 $ 354,640

FY2018/2019 Issues for Council Input

70

Proposed Storm Water Fee Increase – Since instituting the Town Stormwater Utility in 2008, the Town has not increased the stormwater fee, which is used to fund our Stormwater Department as well as major capital drainage improvement projects. The fund balance has decreased in the Stormwater Fund ($3,026,266 in 2012 vs a projected $312,741 at EOY 2017), while needs—and inflation—have continued to increase and our funding source has remained constant. Staff would like to open discussions with the Town Council about a proposed increase to that fee in 2018. CCD Fund Rate – The Cumulative Capital Development Fund (CCD) has slowly lost fractions of dollars in the tax rate since 2011 through a process called trending. The rate in 2018 is projected to be 0.0417, which is 0.0083 lower than the maximum allowable rate of 0.05. In order for us to maximize this important levy, I propose that we revisit going through a Public Hearing process sometime during early 2018 ahead of the April 2018 deadline to reestablish the rate. The Fire Territory also goes through this process annually with their Fire Equipment Replacement Fund. The CCD Fund is used to purchase capital equipment such as Police vehicles, trucks, lawn mowers and other specialty equipment such as brush hogs, dump trucks, landscape chippers, etc. Reestablishing the CCD rate to .05 will provide an additional estimated $100,000 in annual revenue to the fund.

71

Questions?

72