HomeMy WebLinkAboutSubmittal-City Manager-First Budget Hearing PresentationFY 2014-15 Proposed Budget
First Budget Hearing
2014
SUBMITTED INTO THE
PUBLIC RECORD FOR All
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Taxable Assessed Value ($ Millions)
38,000
36,000
34,000
32,000
30,000
28,000
26,000
2007
8.2543
1
2008
0 17 7.72:
Budget Context PUBUC RECORD FOR
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Taxable Assessed Value and Total Millage Rate
8333E
Taxable Assessed Value •Total Millage Rate
35 4
• 87000
8.5000
To
cc
8.3000 00
to
8.1000 ~
7.9000
7.7000
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GF Revenues/ Expenditures (Millions)
$700 - $136.9
$650
$600
$550
$500
$450
Budget Context
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General Fund Revenues, Expenditures, and Ending Fund Balance
S126,3
FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Projected
GF Ending Fund Balance GF Revenues -- = GF Expenditures
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GF Ending Fund Balance (Millions)
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Change Memo Summary
Original FY2015 Proposed GF Budget: $552.0 million
Current Proposed Budget (Change Memo #1): $558.8 million
Revenue Changes: Increase of $6.8 million
— Increased CST and LOGT revenue: $4.3 million
— Transfer from OMNI to pay for officers: $1.3 million
— Revised estimates for certain intergovernmental revenues: $0.5 million
— Base rate increase at Bayside Marketplace for Skyrise: $0.5 million
— Reimbursement from MSEA for staff costs: $0.2 million
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Change Memo Summary
Expenditure Adjustments: Net increase of $6.8 million
— 35 new police officers and 6 officers funded by OMNI CRA: $4.2 million
— Increase contribution to FOP Health Trust: $2.0 million
— General employee wage adjustments: $1.0 million
— Increased allocation for poverty initiatives: $750,000
— Solid waste initiatives: $199,000
— Reduction to GF capital expenditures: -$1.4 million
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FY2015 Labor Costs
Labor Cost Increase by Employee Group
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AFSCME 1907
AFSCME 871
EE
Count*
1,058
FY2014 Wages
(Annualized)
$53,663,000
155 $6,246,000
% of
Total
Wages
FOP
1,074
$68,298,000
IAFF
684
Non -Union
411
FY2015
Proposed
Wage Increase
25.9% $1,276,000
3.0% $133,000
32.9% $1,386,000
$46,975,000 22.6%
$32, 359, 000
Total FT
Workforce
3,382
$207,540,000
15.6%
$716,000
$3,511,000
Other Labor
Cost Increase
$1,897,000
$221,000
$4, 539, 000
$4,183,000
$1, 921,000
$12,761,000
* Includes full-time employees only, as of March 1, 2014
[JBLiC FOR
FY2015 Total
Labor Cost
Increase
$3,173,000
$354,000
$5, 925, 000
%of
Total
Increase
19.5%
2.2%
36.4%
$4,889,000 30.1%
$1,921,000
$16,272,000
11.8%
Scenario Comparison
Management Recommendation
• 35 additional police officers
• Allocation for poverty initiatives
Total budget impact:
Funding used to balance in FY2015:
• Available new revenue
• Savings from reduced allocation for capital
$2.9 million
$750,000
$3.7 million
$2.3 million
$1.4 million
Meets Financial Integrity Principles in both FY2015 and FY2016 while growing
reserves
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PUBLIC RECORD FOR
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Scenario Comp arisowM j
Alternative Scenario
• 100 new police officers
• Allocation for poverty initiatives
Total budget impact:
Funding used to balance in FY2015:
• Available new revenue
• Savings from reduced allocation for capital
• Savings from delayed living wage implementation
• Savings from not converting temps to permanent
• Savings from not funding new solid waste projects
Meets Financial Integrity Principles in FY2015
Fails to meet Financial Integrity Principles in FY2016 unless reserve for
uncollectable revenues is reduced
$6.7 million
$2.0 million
$8.7 million
$2.3 million
$4.2 million
$1.8 million
$0.2 million
$0.2 million
Impact Fees Collection FY 2014-15
strict 2
$21,360,440
•
District 3
$4,567,363
13%
District 5,
$7,262,856
21%
District 4
$1,477,653
4%
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PECOPD FOR
27 ON (i 9
District 1
$220,993
1%