Transcription
Special City CouncilMeetingJuly 29, 2019
Agenda FY 2019 3rd Quarter Financial Report FY 2020 Budget calendar FY 2020 Budget summary FY 2020 certified property values FY 2020 Council budget requests FY 2020 Ordinance introducing tax rate2
FY 2019rd3Qtr. Report3
FY 2019rd3Qtr. Financial ReportStarting Fund Balance (9/1/18) 46,379,368Plus Estimated Revenues 430,161,094Less Estimated Expenses 430,068,940Estimated Ending Fund Balance (8/31/19) 46,471,522Estimated Surplus 92,1544
FY 2019 General Fund RevenueREVENUEProperty TaxesSales TaxesFranchise TaxesCharges for ServicesFines and ForfeituresLicenses and PermitsIntergovernmentalCounty ParticipationInterestRents and OtherOther Sources (Uses)FY 2019BudgetFY 2019Actual 16,178,126367,037,978FY 2019Actual YTDFY 2018Actual 0%0.1%73.8%74.1%83.6%5
FY 2019 General Fund Revenue Property tax collections meeting budget expectations Sales tax collections exceeding budget expectations Fines and forfeitures exceeding budget expectations Licenses and permits slightly below budget expectations Franchise fees below budget expectations6
Property Tax RevenueTotal Collected as a % of Levy (Sep – %2013FY 2018FY 20197
City Sales TaxCurrent Period Collections10.0%9.4%8.7%9.0%8.0%7.3%6.9%7.0%6.2% 4%2.9%3.1%2.6%3.1%2.2%2.0%1.0%1.0%0.8%0.0%8
FY 2019 General Fund ExpensesEXPENDITURESRegional EconomyPublic SafetyVisual ImageQuality of LifeCommunicationSound GovernanceInfrastructureSustainabilityTOTAL EXPENDITURESFY 0,682,66437,544,70849,802,1267,227,521 428,289,545FY 2019Actual 2127,133,70932,127,4064,735,965 301,040,328FY 2019Actual YTD64.6%71.7%70.0%65.0%76.9%72.3%64.5%65.5%70.3%FY 2018Actual YTD69.9%69.3%69.9%62.4%73.8%69.0%69.7%62.2%68.7%9
FY 2019 General Fund Expenses Overall revenues projected to exceed expenses Cost drivers include: Legal expenses related to current litigation May special election (unplanned cost) Water Fuel Public safety overtime10
FY 2019rd3Qtr. Financial ReportStarting Fund Balance (9/1/18) 46,379,368Plus Estimated Revenues 430,161,094Less Estimated Expenses 430,068,940Estimated Ending Fund Balance (8/31/19) 46,471,522Estimated Surplus 92,15411
FY 2020 Budget12
Budget Process – Next Steps August 6 – Regular City Council meeting 1st Public Hearing on the Proposed Tax Rate August 13 – Regular City Council meeting 2nd Public Hearing on the Proposed Tax Rate Public Hearing on the Proposed Budget (City Council and Mass TransitBoard) August 20 – Regular City Council meeting Adopt budget and tax rate13
FY 2020 Budget Summary Managing Federal and State impacts Engaging and listening to our community Investing in priorities and fulfilling ourcommitments14
Managing Federal & State ImpactsDescriptionImpactDecrease in bridge transfer to GF( 1.3M)Decrease in projected sales tax( 0.8M)Decrease in telecommunication franchise revenue( 2.7M)Elimination of red light cameras( 0.5M)City maintaining medians on State roads( 2.0M)Total( 7.3M)Impact is equivalent to more than 2 cents on the tax rate15
Engaging Our Community Over 2,200 Chime-In! responses (100% increase fromprior year) Five budget focus group meetings conducted Strategic Budget Advisory with Youth, Businesses, andNeighborhoods Council community meetings16
FY 2020 Preliminary Budget General Fund budget increasing by 23.8 millionOtherQualityOfLifePublicSafety17
Investing in PrioritiesPublic Safety Pay increases based on contractual obligations Net increase of 55 new Police Officers (over 150 in lastfive years) 4 million for public safety capital replacement Firefighter and 911 Communicator academies Crisis Intervention Team – full year impact18
Uniformed Police 0900FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020FY 2019 and 2020 are estimates (includes assumptions about attrition and number of academy graduates)19
Investing in PrioritiesStreets 50 residential street projects ( 7 million annuallyapproved last year) 500K for ADA on-demand request projects 200K for Neighborhood Traffic Management Program(speed mitigation) 200K increase for pothole patching materials20
Investing in PrioritiesQuality of Life 19 more Quality of Life bond projects to be completed next year 1.5 million for enhanced maintenance at sport park complexesAdrian Garcia ParkDistrict 7 Neighborhood Water ParkShawver Sports Field RehabilitationAlameda Recreation Center and Library ComboEastside Regional Park Phase IVeterans Recreation CenterBartlett ParkEastside Senior CenterZoo Animal Holding IIChamizal Recreation Center and Library ComboLomaland Recreation CenterZoo Chihuahuan DesertDistrict 2 Neighborhood Water ParkMemorial LibraryZoo LeopardDistrict 4 Neighborhood Water ParkPaseo Del Sol ParkZoo South American PavilionRestroomsDistrict 5 Neighborhood Water Park21
Investing in Priorities 1.5 million for city facility improvements ( 3.5 million) reduction across all City departments Implementation of phase 1 compensation study No rate increase for employees in Consumer DrivenHealthcare Plan22
FY 2020 Proposed Budget Impact 100K 130Tax Rate Impact 20 Federal and State impactTax Rate Impact 20Franchise Fee Impact 24 Public Safety Capital ReplacementResidential Total 64Debt Service and ½ of Quality oflife impact23
FY 2020 Certified Property Values24
Property Tax Revenue FY 2020 property tax revenue was based on: Estimated overall taxable value increase of 2.2% Based on historical data and preliminary valuesreceived from CAD in April and June Estimated increases in number of exemptions Property tax rate increase of 4 cents per 100valuation25
Total Taxable ValuesFY 2019 Certified Values 35,248,872,664FY 2020 Certified Values 35,727,850,245 Change 478,977,581% Change1.36%* Proposed Budget assumed 2.2% increase in valuations26
Total Taxable ValuesFY 2019Appraised PropertyHomestead CapAssessed PropertyExemptions AmountTotal Taxable PropertyTotal New Value Taxable FY 2020 Change% Change 44,557,107,073 45,600,463,492 1,043,356,4192.34% 56,782,272 74,945,384 18,163,11231.99% 44,500,324,801 45,525,518,108 1,025,193,3072.30% 9,251,452,123 9,797,667,850 546,215,7275.90% 35,248,872,678 35,727,850,258 478,977,5801.36% 517,314,789 498,375,817( 18,938,972)-3.66%Tax Assessor Collector certified a 100% Collection Rate27
Average Value HomeAfter 5,000 Homestead Exemption ( in Thousands) 160 140 120 119.5 124.1 123.4 123.8 123.6 123.4 124.2 124.5 124.6 124.3 129.9 133.5 110.1 100 80 60 40 20 0FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 202028
Total Taxable Property ValuesBILLIONSTaxable Value% Change4.5% 38 35.2 36 34 32 30.4 31.1 31.9 32.4 32.9 33.4 35.74.0%4.0%3.5% 33.93.0%2.5%2.2%2.5%2.0% 301.7%1.5%1.4%1.7%1.4%1.4%1.0% 280.5% 26FYFYFYFYFYFYFYFYFY2012 2013 2014 2015 2016 2017 2018 2019 20200.0%FYFYFYFYFYFYFYFY2013 2014 2015 2016 2017 2018 2019 202029
Single Family ResidentialBILLIONSTaxable Value% Change 21.0 20.5 20.54.5% 19.5 19.0 18.5 18.5 18.05.8%6.0% 19.9 20.07.5% 17.9 18.8 18.5 18.7 18.83.0% 18.11.5%2.2%1.4%2.9%1.5%1.4%0.4%0.0% 17.5 17.0-1.5% 16.5-3.0%FYFYFYFYFYFYFYFYFY2012 2013 2014 2015 2016 2017 2018 2019 2020-1.7%FYFYFYFYFYFYFYFY2013 2014 2015 2016 2017 2018 2019 2020* FY 2016 – Over 65/Disabled exemption increased from 30K to 40K30
Commercial PropertiesBILLIONSTaxable Value% Change 7.5 7.0 7.0 6.7 6.3 6.5 6.0 7.3 7.26.0%4.8%5.0% 6.94.0% 6.43.2% 3.4%2.8%3.0% 6.12.0% 5.93.1%1.6%1.5%1.0%0.0% 5.5-1.0% 5.0FYFYFYFYFYFYFYFYFY2012 2013 2014 2015 2016 2017 2018 2019 2020-0.6%-2.0%FYFYFYFYFYFYFYFY2013 2014 2015 2016 2017 2018 2019 202031
Commercial PropertiesBillionsExisting PropertiesNew Construction 7.5 7.3 7.2 6.9 7.0 0.25 0.23 6.6 6.3 0.19 7.2 7.08 6.82 6.97 6.0FY 2018FY 2019FY 202032
Property Tax RateFY 2019AdoptedFY 2020ProposedFY 2020RevisedM&O0.5229820.5887380.586170Debt Service0.2804510.2945940.297162Total Rate0.8034330.8833320.88333233
Property Tax RateProposed, Effective, and Rollback RatesFY 2020FY 2020Proposed Rate0.883332Proposed Rate0.883332Effective Rate0.855093Rollback Rate0.907301Variance0.028239Variance(0.023969)34
Property Tax RateMaintenance & OperationsFY 2020FY 2020Proposed Rate0.586170Proposed Rate0.586170Effective Rate0.564944Rollback Rate0.610139Variance0.021226Variance(0.023969)35
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Property Tax ReliefOver 65/Disabled - 40,000 ExemptionTotal 772Billions# of Exemptions 2.0 1.72 1.5 1.74 1.78 1.78 1.87 1.2646,32344,462 1.044,000 0.542,00040,000FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 0.0FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 202037
City Tax Relief (Exemptions)HOMESTEADOVER 65DISABLED 24.0 22.0 20.0 16.0 12.0 8.0 17.0 13.1 2.0 17.9 2.1 1.4 19.2 2.2 20.2 2.5 2.3 12.0 12.7 14.1 10.5 11.1 4.3 4.5 4.7 5.0 5.2 5.5FY2015FY2016FY2017FY2018FY2019FY2020 7.4 4.0 -38
Property Tax Relief (Exemptions)Disabled Veteran/Surviving Spouse20,00015,00013,88114,60315,53916,316Total Value17,14318,194Millions# of Exemptions 1,000 871.2 750.8 800 60010,000 431.3 487.3 559.5 628.7 4005,000 200-FYFYFYFYFYFY201520162017201820192020 0FYFYFYFYFYFY20152016201720182019202039
Total Taxable ValuesFY 2020 Estimated ValuesFY 2020 Certified ValuesNet General Fund Impact 36,024,347,877 35,727,850,245( 2,963,993)40
Net General Fund Impact Recommended adjustments to maintain overall tax rate of0.883332 / 100 valuationDescriptionReductionFacility maintenance and repairs( 1,500,000)Enhanced maintenance @ sport complexes( 1,500,000)ContingencyTotal 36,007( 2,963,993)41
Items for ConsiderationDescriptionVeterans Affairs Advisory Committee RecommendationsCost 60,0002020 Census funding 320,000Sport courts resurfacing (16 courts) 400,000Total 780,00042
Introduction of Tax Rate OrdinanceIntroduction of theOrdinance setting the taxrate at the rate of0.907301of one percent of theassessed value on allproperty, real, personal,and mixedProposed Rate 0.883332/ 100Effective Rate 0.855093/ 100Rollback Rate 0.907301/ 10043
Budget Process – Next Steps August 6 – Regular City Council meeting 1st Public Hearing on the Proposed Tax Rate August 13 – Regular City Council meeting 2nd Public Hearing on the Proposed Tax Rate Public Hearing on the Proposed Budget (City Council and Mass TransitBoard) August 20 – Regular City Council meeting Adopt budget and tax rate44
Questions
CAPITAL IMPROVEMENT PROGRAM (CIP)BUDGET TRANSFER REPORTTHIRD QUARTER FY 2019Date CompletedFundAmountProjectDivisionBT #3/1/20194540( 722)PUNALLOCATED0315102019-0342JustificationClose out fund 4540 by reducing 722.00 in variouscompleted projects to align with the zero cash balance.3/4/20194740 1,512,479 132,104 132,104 132,104 ST003Y3IPCPBALANCE289002019-0508To reallocate funding to Edgemere at RC POE, to SouthCentral projects Encino-Vargas-Cortez, andPCPBALANCE pool.City Council approved on 2/4/19.3/4/20194800 0PCP13LIBA12290402019-05103/4/20194970 71,107 115,355 588,274 333,373 PCP13ST003Y3E38230380302019-05153/8/20194560 0469047104740 1,200,000 3/20194950 01K290102019-05473/13/20194800 736,777 641,741 79,360 151,862 73,482 308,623 308,624 335,077 1,714,575 1,234,4943/14/20194970 248,141PCP17ST001382302019-05543/18/20194800 225,595 43,615PCP13PRKC01PCP13PRKC04290102019-0527To transfer appropriation between accounts for CPUholders needed for Richard Burges Library renovation, nochange to overall project budget.Set up appropriation for PSB reimbursable stormwaterwork on Riverbend Ph.II and Teramar Way; andwater/sewer work on Princeton, Elena-Feliz, Teramar, andEncino-south half.BT to transfer approp to project PCPBALANCE underfund 4560 from 3 differents projects.To appropriate investment revenue from various funds toDistricts 2 and 7 water parks, per City Council resolutiondated 2/4/19.To transfer appropriation between accounts and set up theconstruction part for Paso Del Norte Roundabout project,TXDOT portion.Step 1 of 2 BTs: To transfer appropriations from MasterPaved Trails project to individual Paved Trail Headprojects, no change to overall budget.Funding SourceCO 1993A ISSUE2013 STREETINFRASTRUCTURE2012 QUALITY OF LIFEOther Outside SourcesFY12-13CO'S CIP PLAN2012 QUALITY OF LIFE CO2010 ISSUEFY1213CO'S CIP PLAN CO 2006ISSUECO 2009ISSUE2013 STREETINFRASTRUCTURECapital Projects-TxDot2012 QUALITY OF LIFESet up appropriation for PSB reimbursable waterconstruction work on Robinson Ave Street and DrainageImprovements Phase II.To transfer appropriation 1 from numerous QOL fund4800 projects that can be reallocated. (Water parks Dist 4& 7)Other Outside Sources2012 QUALITY OF LIFE
CAPITAL IMPROVEMENT PROGRAM (CIP)BUDGET TRANSFER REPORTTHIRD QUARTER FY 2019Date CompletedFundAmountProjectDivisionBT #3/18/201947434741 300,000 1,448,575 20194930 1,318,699PCP17PRK03382902019-04963/19/20194740 43,000PCPBALANCE289002019-05564/1/20194741 0PCP13PRKC01PCP13PRKC04382902019-05884/3/20194740 0PCP13ST002RSY6289002019-05804/3/20194740 42,642PBE04ST1390289002019-05814/12/20194950 757,169 1,625,759 1,875,614 1,331,931381702019-05764/12/20194970 79,775 77,071 05774/12/20194800 55,000PCP13PRKD05290102019-06234/23/20194800( 5,584,615)PCP13PRKE01290102019-06134/24/20194745 10,750,000 215,000 215,000PCP13CULT01BONDISSUE PCP19ART382902019-06064/24/20194800 0PCP13PRKE02290102019-0639 40,089 40,181JustificationTo reallocate appropriation from completed projects toWater Parks. (Tom Lea, Spray Park Amenities/WestsideNatatorium) City Council approved on 2/4/19.BT to move appropiation for MPO Match for the cost ofthe Right-of-Way. (Loop 375/Spur-601/US 62/180Montana Ave.)To transfer appropiation between accounts and set up theconstruction part for Cohen Water Park, City Councilapproved on 2/4/19.To reallocate funding from Geiger, Cardis, Malaga streetsto PCPBALANCE-Project SavingsBT to move appropiation for project Regional Water ParkDistricts 2 and 7 to complete Construction portion, nochange in overall project budgets.BT to move appropiation between accounts for projectResurfacing 2016 (Street's Project) to pay invoice forTerracon testing, no overall change in project budget.BT to move appropiation from PCP Balance to UpperValley Roadway Road Street & Drainage to enter paymentfor SLI Engineering.Set up appropriation for TXDOT reimbursable work onDavis, Delta, Yarbrough, and Alabama Bridge RECONs,City Council approved on 2/26/19.To adjust appropriations via revised PSB reimbursablewater/sewer commitments to Encino, Cortez andDeVargas RECONs.To reallocate appropriation to Chamizal LibraryRecreation Center and transfer appropriation of 55,000from Lomaland and Alameda library rec centers.Step 2 of 2 BTs: BT to clear out Master Paved Trailsproject leaving only 2% for Arts. (Step 1 BT: 2019-0547)BT to set up appriation for MACC 2019 CIP amendment,City Council approved on 09/18/18. (BOND COST & 2%ART)BT to move appropiation betwee accounts to pay invoicesfor the Grand Opening Ceremony for the 3 Trailhead Thousand Steps, Jam Sumrall Memorial and Lazy Cow &Round House, no change in overall project budgetFunding SourceCO ISSUE FY182017 ISSUECOCO ISSUE FY182017 ISSUECOCapital Projects-Internal2013 STREETINFRASTRUCTURECO 2017 ISSUE2013 STREETINFRASTRUCTURE2013 STREETINFRASTRUCTURECapital Projects-TxDotOther Outside Sources2012 QUALITY OF LIFE2012 QUALITY OF LIFE2019 CAPITAL PLAN2012 QUALITY OF LIFE
CAPITAL IMPROVEMENT PROGRAM (CIP)BUDGET TRANSFER REPORTTHIRD QUARTER FY 2019Date CompletedFundAmountProjectDivisionBT #4/30/20197150 16,672,761PCP13MUS01715002019-06405/2/20194920 1,900,000PCP16MF010382902019-06265/8/20194970 50 743 125/15/20194800 537,440 5/16/20194800 992,572 94800 0PCP13ZOOA05290202019-06995/21/201948004805( 16,893,057) 16,893,057 06245/28/20194740 632,335PCP13ST003Y3I289002019-07305/30/20194741 CPBALANCE29010283402019-0741 201,565 117,193JustificationFunding SourceSet up budget for the LGC portion to process payment tothe Children's Museum (Wire Transfers to the Children'sCHILDRENS MUSEUMMuseum). City Council approved on 7/23/18. Related BT:DEV CORP2019-0624Set up appropriation for San Jacinto Public Restrommsfrom fund 4920 (Hotel Occupancy Tax) and align budget.HOT Capital FundCity Council approved on 4/30/18.To appropriate PSB reimbursable water/sewerOther Outside Sourcescommitment to James Street reconstruction.To reallocate budget between accounts for Montana RTSCO 2010 ISSUECOPedestrian Enhancements, no change to overall projectISSUE FY18Capitalbudget.Projects-TxDotTo reallocate budget between accounts for Ground2012 QUALITY OF LIFE COBreaking and Grand Openings for Projects (Water Parks),ISSUE FY18no change to overall project budget.To reallocate 2% for the arts from individual projects intoPCPARTPROP1 for Parks and Zoo; and PCPARTPROP22012 QUALITY OF LIFEfor MCAD and Library, no change in 2% for the artsallocation.Setup appropriation for QOL Facility Improvements.(Investment Interest Revenue & Savings) City Council2012 QUALITY OF LIFEapproved on 5/14/19.To reallocate from approp 533 to 580 for ChihuahuanDesert at Zoo, no change in overall project budget.To transfer appropriation from fund 4800 to 4805(Children's Museum) City Council approved on 7/23/18.Related BT: 2019-0640Setup appropriation for South Central Street & DrainagePhase 2 (Encino, De Vargas & Cortez)To clean up Bicycle Connectivity Ph. I and reallocateTXDOT project savings.To allocate project saving to PCPBALANCE fromShawver Park Pond, Amenities and Sport Field Rehab andalign account balances.2012 QUALITY OF LIFE2012 QUALITY OF LIFEQOL-EPCM2013 STREETINFRASTRUCTURECO 2017 ISSUE2012 QUALITY OF LIFEFY12-13CO'S CIP PLAN
FY 2020 Ordinance introducing tax rate. FY 2019 3rd Qtr. Report 3. FY 2019 3rd Qtr. Financial Report 4 . Franchise fees below budget expectations. . FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020. 20 50 residential street projects ( 7 million annually .
