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HomeMy WebLinkAboutMemo - FY 2013-14 Proposed BudgetCITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Honorable Members of the City Commission FROM: Johnny feW City Manager DATE: September 3, 2013 SUBJECT: First Budget Hearing Changes Memo — FY 2013-14 Proposed Budget The preparation of the City of Miami's annual operating budget is a dynamic process that often involves changes in information and policy, both of which ultimately affect the final adopted budget. This memorandum is prepared to provide the Commission with the most up-to-date information, to offer proposed changes for consideration of both revenues and expenses between the July 16, 2013 Proposed Budget and the current date, and to present attachments that reflect these changes. Revenue The FY 2013-14 Proposed Budget for General Fund revenue as of July 16th, 2013 was $523.59 million. It is proposed that the budget be revised to $524.01 to include the following adjustments: (See Table 1 below). TABLE 1 Proposed Budget FY 2013-14 Changes to Preliminary General Fund Revenue July 16th, 2013 Proposed Budget Budget Property Taxes $225,733,400 $225,733,400 Franchise Fees and Other Taxes $99,191,900 $99,191,900 Interest $1,000,000 $1,000,000 Fines and Forfeitures $3,519,200 $500,000 $4,019,200 Intergovernmental Revenue $47,112,200 $47,112,200 Licenses and Permits $37,743,500 ($310,000) $37,433,500 Other Revenues $10,738,100 $280,000 $11,018,100 Charges for Services $98,552,300 ($50,000) $98,502,300 Total Revenues $523,590,600 $420,000 $524,010,600 Honorable Mayor and Members of the City Commission Page 2 of 3 The majority of these revenue adjustments are based on recommendations provided at the July 19th, 2013 City of Miami Revenue Estimating Conference as required by the Financial Integrity Principles Ordinance. The adjustments reflect the latest available information in terms of year- to-date revenue collections and projections. The net effect of the Committee's changes is a proposed increase in revenue of $420,000. The Committee Chair's letter is attached for your review (Attachment 1). General Fund Departmental Changes (Summary values in Attachment 2) Finance The FY 2013-14 Proposed Budget as of July 16th, 2013 is $7.91 million. It is recommended that the budget be revised to $8.01 million to address a recurring audit finding related to capital asset management. The external auditing firm has recommended that the Finance Department assume all accounting functions of capital assets. As such the administration is recommending that, as of January 2014, two positions will be created in the Finance Department which will then assume these functions from CIP Administration ($104,600). CIP Administration The FY 2013-14 Proposed Budget as of July 16th, 2013 is $5.18 million. It is recommended that the budget be revised to $5.16 million to include the elimination of two positions associated with the change of responsibility for accounting functions of capital assets as noted above. The salary budgets are recommended to be adjusted to reflect the 77.5 percent project chargeback amount ($23,600). Office of Management and Budget The FY 2013-14 Proposed Budget as of July 16th, 2013 is $1.67 million. It is recommended that the budget be revised to $1.76 million to include $85,000 in additional operating expenses for public engagement activities associated with the development of the citywide strategic plan (such as focus group meetings and citizen surveys) and for financial management training of budget staff. General Services Administration The FY 2013-14 Proposed Budget as of July 16th, 2013 is $21.267 million. It is recommended that the budget be revised to $21.260 million to include the transfer of Stormwater Utility Fee ($7,100) to Public Facilities. Honorable Mayor and Members of the City Commission Page 3of3 Public Facilities The FY 2013-14 Proposed Budget as of July 16th, 2013 is $6.246 million. It is recommended that the budget be revised to $6.253 million to include the transfer of Stormwater Utility Fee ($7,100) from GSA. Additionally, staff will monitor expenditures related to the Caribbean Marketplace and the Black Precinct which are expected to open in the Fall of 2013 and additional funding, if needed, will be provided at the mid -year budget amendment as well as additional revenues. Revised Position Counts by Department The changes noted above caused the position counts in various departments to change. Attachment 3 shows the changes in position count for all Departments. Attachments: ATTACHMENT I City at tic llll, jYtoribt3 CHRISTOPI-HER ROSE 13udger Director August 27, 2013 The Honorable Mayor, Members of the City Commission and the City Manager 3500 Pan American Drive Miami, Florida 33133 RE: Fiscal Year 2013-2014 Proposed Operating Budget Estimating Conference Recommendations In accordance with the City of Miami (City) Financial Integrity Ordinance (Ordinance), the City conducted an annual Budget Estimating Conference on July 19, 2013 to review the assumptions used in developing the Fiscal Year 2013-2014 Proposed Operating Budget. As required by the Ordinance, a Budget Estimating Committee (Committee) was formed and consisted of at least one principal staff member from the City's Finance Department and Office of Management & Budget, and also included a minimum of two outside professionals with public financial and accounting experience. The members of this year's conference were as follows: • Dr. Terry Murphy, Government Relations Consultant — President, Public Affairs Concepts • Barbara Galvez, Operating Budget Coordinator — Office of Management & Budget, Miami - Dade County • Jose Fernandez, Director — Finance Department, City of Miami • Leon Michel, Deputy Director — Office of Management & Budget , City of Miami Additional support members included: • Daniel J. Alfonso, CFO/Assistant City Manager — Office of the City Manager, City of Miami • Erica Paschal, Assistant Director — Finance Department, City of Miami • Chris Rose, Deputy Director— Department of Solid Waste Management, Miami -Dade County Below please find a summary of the comments and recommendations made by the committee: • The Committee recommends a positive adjustment of $500K to Fines and Forfeitures. The adjustment would be as a result of increasing the FY14 proposed budgeted revenue collections from line item Judgments and Fines (#451000) of $3.00M to $3.50M. It was noted that historically actual collections versus final budgeted amounts have a favorable variance at year end. Additionally, current year to date collections are doing better than expected as result of an increase from Police fines collections. OFFICE OF MANAGEMENT & 13U1)GE f 444 S.W. 2 d Avenue. 5 Floor/Miami, }'I.: 33130 FY14 Budget Estimating Conference Recommendations August 27, 2013 Page 2 of 2 • The Committee reaffirmed a prior recommendation to split out the sources that made up State Shared Revenues. The half cent state sales tax and municipal revenue sharing monies were previously lumped into one category and the City is now tracking them separately. As said split would allow management to properly track and account for larger collections. The Committee further suggests that City could benefit from revising the current chart of accounts and especially creating specific accounts to track collections from murals, parking surcharge, and casinos. • The Committee concurs with management that aggregating certain accounts that typically generate smaller amounts (less than $100K) is acceptable. • The Committee recommends a negative adjustment of $310K to Licenses and Permits. Although a recent expansion to mural boundaries could generate additional revenues for the City, the adjustment would take into account the possibility of policy changes/various challenges to future mural revenue collections. The reduction would be as a result of reducing FY14 proposed budgeted revenue collections from murals (included in the Planning and Zoning line item #429000) of $5.81M to $5.50M. • The Committee recommends that the City should focus on increasing the $5.00M minimum requirement in the Emergency Contingency Reserve (ECR). Specifically, if there is a surplus at fiscal year-end, those savings should be considered for the ECR versus using those savings to create a future recurring expenditure or even a one-time expenditure. It should be a goal of the City to ultimately limit the potential use of savings on discretionary things. • The Committee recommends an overall positive adjustment of $280K to Other Revenue. The adjustment would be as a result of increasing the FY14 proposed budgeted revenue collections from the Fire line item (#489000) of $1.42M to $1.60M and the Finance line item (#469000) of $1.30M to $1.40M. • The Committee recommends a negative adjustment of $50K to Charges for Services. The adjustment would be as a result of reducing the FY14 proposed budgeted revenue collections from the Emergency Service Fee line item (#442400) of $7.65M to $7.60M. • The Committee made suggestions to the layout of various reports that were distributed during the Estimating Conference which would allow the user to more easily navigate through the information presented. The Committee appreciates the opportunity to participate in this very important process. It is hoped that the comments and recommendations indicated above will help the City of Miami achieve and maintain its financial and strategic goals. The Committee would like to commend the City's budget staff and particular its director for all of the hard work, sound budget assumptions and the strategic approach utilized in the budget process. The Budget Estimating Committee OFFICE C)F M;\N 1GEMI N1' & BUDGET 444 S.W. 2" Avenue. 511' Floor/Miami. FT. 33130 Account Totals - Change Memo Adjustments General Fund Auditor General Board of Commissioners Building CIP Administration City Clerk City Manager Civil Service Code Compliance Communications Equal Opportunity and Diversity Programs Finance Fire -Rescue Grants Administration GSA Human Resources Information Technology Law Management and Budget Mayor Neighborhood Enhancement Team (NET) Parks and Recreation Planning and Zoning Police Procurement Public Facilities Public Works Risk Management Solid Waste NDA Transfers -Out Proposed 2013-14 Budget (v1) $ 1,078,200 2,489,100 9,082,500 5,180,800 1,508,500 2,924,700 370,900 4,533,700 939,100 329,400 7,906,200 99,584,700 931,100 21,267,300 3,566,700 8,544,100 6,104,600 1,670,600 957,200 3,376,000 29,331,000 5,820,800 167,298,400 1,567,000 6,246,300 16,376,400 13,464,200 27,593,500 33,449,300 40,098,300 ATTACHMENT 2 Change Memo 1 Proposed Adjustment 2013-14 Budget (v2) $ 1,078,200 2,489,100 9,082,500 (23,600) 5,157,200 1,508,500 2,924,700 370,900 4,533,700 939,100 329,400 104,600 8,010,800 99,584,700 931,100 (7,100) 21,260,200 3,566,700 8,544,100 6,104,600 85,000 1,755,600 957,200 3,376,000 29,331,000 5,820,800 167,298,400 1,567,000 7,100 6,253,400 16,376,400 13,464,200 27,593,500 33,449,300 254,000 40,352,300 Total $ 523,590,600 $ 420,000 $ 524,010,600 Proposed Position Count by Department ATTACHMENT 3 FY 2013-14 Proposed Position Count by Department Prior Total New Elimination New Total Auditor General 9 9 Building 78 78 CIP and Transportation 47 (2) 45 City Clerk 13 13 City Manager 24 24 Civil Service 3 3 Code Compliance 52 52 Commissioners 30 30 Communications 10 10 Community Development 40 40 Equal Opportunity and Diversity Programs 3 3 Finance 68 2 70 Fire -Rescue 783 783 Grants Administration 43 43 GSA 133 133 Human Resources 34 34 Information Technology 62 62 Law 41 41 Management and Budget 13 13 Mayor 11 11 Neighborhood Enhancement Teams (NET) 38 38 Parks and Recreation 192 192 Planning and Zoning 48 48 Police 1,530 1,530 Public Facilities 42 42 Public Works 94 94 Procurement 15 15 Risk Management 19 19 Solid Waste 226 226 Total 3,701 2 (2) 3,701