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Home My WebLink About9A Adopting Proposed 2016 City Budgets & Property Tax Levy O� P�O+P ti u rn 4646 Dakota Street SE Prior Lake, MN 55372 `ylM�so`�P CITY COUNCIL AGENDA REPORT MEETING DATE: SEPTEMBER 14, 2015 AGENDA #: 9A PREPARED BY: FRANK BOYLES, CITY MANAGER DON URAM, FINANCE DIRECTOR CATHY ERICKSON, ACCOUNTING MANAGER PRESENTED FRANK & DON BY: AGENDA ITEM: CONSIDER APPROVAL OF A RESOLUTION ADOPTING PROPOSED 2016 CITY BUDGETS AND CERTIFYING PRELIMINARY 2016 CITY OF PRIOR LAKE PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION DISCUSSION: Introduction Minnesota State Statute 275.065 requires that each "taxing authority" adopt a proposed budget and certify a preliminary tax levy for payable 2016 property taxes to the County Department of Taxation on or before September 30, 2015. The attached resolutions fulfill this statutory requirement. The tax levy is used (together with the preliminary levies of other taxing entities) to assemble the parcel-specific truth in taxation notices for distribution prior to the public budget meeting in December. At the meeting at which the City Council adopts a proposed budget and tax levy (Tonight, September 14), the Council must announce the time and place of the council meeting at which the 2016 budget and levy will be discussed and which allows for citizen input. A window is still provided for the hearing date. It must be after November 25 and no later than December 28. The city council meets only once within this window - December 14. The council could conduct the hearing December 14 but then it will have to adopt the budget that evening or conduct the December 28 meeting. Another option is to conduct the hearing on a special city council night such as December 7 and adopt the budget on December 14. As part of the city council's action this evening, it should announce when the public hearing will be conducted. Presumably the time and location would be 7pm here in the Prior Lake City Council Chambers). This information must also be included in the meeting minutes. Phone 952.447.9800 / Fax 952.447.4245/www.cityofpriorlake.com History Beginning in 2009, the City of Prior Lake recognized the impact of the recession upon its constituents. Accordingly, the City cut four full time positions and services and shifted in 2011 to a significant reliance ($500,000 to $1 million annually) for annual budgetary financing from the General Fund reserve. As a result of these policies, the City recorded substantially lower annual levy increases than the consumer price index (CPI) as shown below: 2011 2012 2013 2014 2015 2016 Prelim Total Tax Levy $10,114,124 $9,414,124 $9,414,124 $9,448,918 $10,394,086 $11,590,275 Change from prior year($) 34,938 (700,000) - 34,794 945,168 1,196,189 Change from prior year(%) 0.35% -6.92% 0.00% 0.37% 10.00% 11.51% CPI-U(MSP) 3.6% 2.3% 1.9% 1.4% 1%est. 1%est This lasted until 2015 when the levy was increased by 10% in part due to the need to replace reserves with property tax revenue and to pay debt service associated with annual city investments in existing and new infrastructure. While the CPI has increased on average 2.33% during the period from 2011 to 2014, the City's levy has remained flat or decreased until 2015. The community continued to grow during the same period by an average of 1 to 2 % per year adding miles of streets, trails, sidewalks, miles of sewer and water pipes, sewer and water accounts, dwelling units, traffic on the roadways all of which demand greater city products and service. This additional work has been absorbed by a staff which has the same number of Full Time Equivalents (FTE's) (including seasonal employees) that we had in 2008. For the most part the additional work and services have been absorbed through greater productivity and cost effectiveness or the service levels have degraded. The ability to continue absorbing additional service demands using the existing workforce is highly unlikely. Population and households are most closely correlated with municipal service demands. Below are graphics which show the historic expenditure and levy per household for this period. General Fund Total Operating $2,000 E s-Phold $1,900 $1,800 $1,700 $1,600 $1,500 $1,400 $1,300 >' -"'• • $1,200 $1,100 $1,000$1,000 Ol' O'S 0) O) OHO O\ 09) 00y0 yy yL ,y3 y �� ,LO .y0 15) .LO .LO .LO .LO .LO .LO .LO .y0 .LO .LO .LO •l9 �Qte\\ --t-Expected Op. Expenditures/HH Op. Expenditure9HF0,0 The City Council adopted this metric in the most recent amendment to the CFMP . . . "Maintain a level of General Fund operational expenditures on a per household basis which takes into account the cost of inflation and community growth." As reflected in the chart, the preliminary 2016 budget/household is significantly less than the level it would be if the city's cost actually kept pace with inflation and growth. Property Tax Levy Per Household $1,500 $1,400 - $1,300 $1,200 $1,100 ' 41111Millrr $1,000 $900 11101111 $800 $700 00 Ot " 01' 0 O 0) 0O 01 Oct) 0'5 0 'L 3 y�o e� • 0 0 O O O 0 0 O 0 0 O 0 Oa 1LILL1, . 1Ly �t �Q `�\\ --Jr-Property Tax Levy/HH - •Expected Property Tax Levy/ " The City Council adopted this metric in the most recent amendment to the CFMP . . . "Maintain a level of property taxes on a per household basis which takes into account the cost of inflation and community growth." As reflected in the chart, the preliminary 2016 total tax levy/household is slightly higher than the level which reflects the cost of inflation and growth over these last 15 years. Current Circumstances The maximum levy which we believe necessary to continue to provide services to our growing community while properly retiring debt, ending our reliance upon the general fund reserve, continuing economic development and sustaining our infrastructure improvement efforts is 11.51% greater than 2015. The 2016 tax levy increase is created by the following five elements: $ Change from 2015 % of Total Increase General Fund -Operating 537,976 5.18 Debt Service 462,987 4.45 Revolving Equipment 150,000 1.44 Referendum Debt(MV) 49,226 0.47 EDA (4,000) (0.04) Total $ 1,196,189 11.51% Later in this memo we will identify potential strategies for the Council to consider if they wish to reduce the overall levy. Below is a discussion of each of the levy areas as shown above. General Fund The budget presented includes department expenditure requests and has received a cursory review. Detailed examination of all budgets and revenue projections will be completed prior to the Council workshop scheduled for November 9. The budget is 2.18% greater than the amended 2015 budget (including a transfer for debt service). The majority of that increase is personnel related: wages and benefits. Once again, the preliminary budget does not contain any new FTE's despite receiving department request for the following; Engineer In Training, Maintenance Worker, and Patrol Officer. The remainder of the increase is primarily due to the increased costs of goods and services we consume in fulfilling our responsibilities, personnel cost increases associated with three already negotiated labor agreements and there are no new programs contemplated in the budget beyond the many we are already engaged in. Debt Service Fund The City Council and staff agree that the most responsible course of action with infrastructure repair, replacement and new construction is to financially plan for development and incorporate it in our Capital Improvement Program (CIP). Each year the City has attempted to avoid the less than responsible strategy of"kicking the can down the road." The bad news is that by taking such action each new budget year starts not at zero but with a two, four or more percent added levy to pay for debt service associated with previous and current year contemplated projects. Accordingly, our annual debt service costs have increased. For 2016, the debt service levy to pay our existing debt (including debt issued in 2015) requires a debt levy increase of 4.45%. The debt service levy is the total for debt issued in previous years as well as 2015. Once incurred, we cannot avoid paying it. Revolving Equipment Fund The Revolving Equipment Fund is scheduled to receive a $150,000 increase from $250,000 to $400,000 beginning in 2016. An increase to $600,000 is proposed beginning in 2017. This additional contribution is based upon the city staff's projections for replacement/refurbishment of existing equipment and new equipment. Even with this increased level of contribution, issuing equipment certificates or some other form of financing will be necessary to fund equipment purchases. Referendum Debt (MV) The market value levy for debt service shows a slight increase in 2016 and a slight decrease in 2017, the last payment for the majority of the debt. EDA The proposed levy for the Prior Lake Economic Development Authority is decreasing by $4,000 which is a .04% decrease in the City's overall levy. This is due to a reduction in the level of required rent subsidies payable by the City. ISSUES: At its recent work session the City Council recognized that the levy and budget established at this meeting are preliminary. In future weeks and months as the budget process proceeds, the city council has directed the staff to identify options to reduce the levy if the City Council chose to do that. They also expressed support to add the staff positions that were requested provided the positions could be accommodated within the 11.51% levy increase. While no specific items to reduce expenditures or to increase revenues have been identified, following are some general categories that may be considered. Department heads will be present at the meeting to respond to questions and provide explanations if necessary. DEBT SERVICE There is little we can do about debt service for 2016 as it is the accumulation of previous project costs and the debt that was issued to fund those projects. However we know that based upon the Capital Improvement Program (CIP), the debt service numbers are anticipated to continue to increase. Projected Debt Levy 2015 2016 2017 2018 2019 2020 Debt Sery ice 2,913.356 3.425.569 3.981.750 3.840.913 4,013.447 4,308.572 Deferring projects identified in the CIP is one way to moderate (or reduce) future tax levy increases necessary to fund these projects. Other options include capping debt service at specific level, extending debt service payments, setting annual debt service as a percent of tax capacity, or consider special assessments for street overlay projects, etc. RESERVES The Comprehensive Financial Management Policy (CMFP) has a stated goal of maintaining an unrestricted general fund balance of between 40% and 50% of the subsequent year's expenditures. Based on the proposed 2016 budget that number ranges from $5.3 to $6.6 million. The CMFP provides guidance as to when and under what circumstances the use of fund balance is warranted. The City has used reserves in recent years for expenditures which met the reserve expenditure criteria and also to achieve a fund balance reserve level that was within the 40-50% range. This balanced approach worked as long as the policy makers understood that when the reserve level was approaching 40%, they would have to replace the use of reserves with tax levy. The downside with this policy is that it created a dependency on the reserves to keep the tax levy artificially low. It also created a disconnect with the public as to the true cost of providing general services such as police, fire, street maintenance, park maintenance, etc. 2015 Projections Historically, the City (in "normal" years) has been able to contribute on average about $200,000 from annual operations to the reserve. For the following reasons, we expect to contribute to fund balance in 2015: • Expenditures are projected to be slightly below budget due to open positions and other minor reduced spending. • Revenues are projected to be at or near the approved budget. The preliminary 2016 budget does not include the use of fund balance. GENERAL FUND In order to reduce the levy associated with the General Fund, we either need to reduce expenditures, increase revenues, or a combination thereof. A 1% change in the tax levy equals about $100,000. Considering over 62% of the general fund budget is personnel, any meaningful reduction in this area will have a direct impact upon the services we provide. Based on Council's expression of support to add staff provided it falls within the 11.51% levy increase, significant cuts in this area are unlikely. Increasing revenue is the other option. While an evaluation of the City's fee schedule occurs annually, staff is examining ways to increase revenues. These are policy decisions for the City Council to discuss and decide upon as the budget process progresses. Tonight's decision is not final. It sets the Maximum levy allowable. The city council may reduce the levy and budget as they see fit with the final approval of the budgets following the budget hearing which is to be set by the city council tonight. FINANCIAL Dependent upon city council action. IMPACT: ALTERNATIVES: 1. Approve both resolutions approving preliminary budgets and setting maximum levies as set forth in the resolutions. 2. Approve the resolutions modified to delete certain expenditures and the programs they support. 3. Set the public hearing meeting day and time. RECOMMENDED Alternative 1 or 2 and 3 as determined by the city council. MOTION: 600iPRlp 4646 Dakota Street SE `fIIv,Eso* Prior Lake, MN 55372 RESOLUTION 15-xxx A RESOLUTION ADOPTING PROPOSED 2016 CITY BUDGETS AND CERTIFYING PRELIMINARY 2016 CITY OF PRIOR LAKE PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION Motion By: Second By: WHEREAS, Truth in Taxation provisions as specified by state statute requires the Prior Lake City Council to certify a proposed property tax levy to the Scott County Department of Taxation; and WHEREAS, Preliminary budget amounts for the City of Prior Lake for calendar year 2016 are estimated as follows; and General Fund $ 13,161,392 Debt Service Funds 5,110,172 Cable Fund 6,360 Capital Park Fund 340,000 Revolving Equipment Fund 1,200,955 Facilities Management Fund 746,406 Water Fund 5,100,668 Sewer Fund 2,948,777 Water Quality Fund 937,394 Total $ 29,552,124 WHEREAS, The proposed property tax levy for the City of Prior Lake for payable year 2016 is as follows; and General Purposes $ 7,609,706 Revolving Equipment Fund 400,000 Debt Service 3,425,569 Total $ 11,435,275 WHEREAS, The proposed property tax levy by tax base for the City of Prior Lake for payable year 2016 is as follows; and Tax Capacity Based Levy $ 10,350,556 Market Value Based Referenda Levy 1,084,719 Total $ 11,435,275 WHEREAS, The proposed City of Prior Lake property tax levy for the year payable 2016 represents a $1,196,189 or 11.51% increase in total tax levy (including the Economic Development Authority levy); and WHEREAS, The City Council will consider the 2016 General Fund, Debt Service Funds, Cable Fund, Capital Park Fund, Revolving Equipment Fund, Facilities Management Fund, EDA Special Revenue Fund and Enterprise Fund Budgets and the Final 2016 Property Tax Levy during its regularly scheduled council meeting at 7:00 p.m. on Monday December 14, 2015 at 4646 Dakota Street SE, Prior Lake with a continuation (if necessary) at 7:00 p.m. on December 28, 2015. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. That the proposed tax levy be distributed upon the taxable property in said City for the following purposes in payable 2016: Purpose Amount Amount * General City Purposes $ 7,609,706 * Revolving Equipment Fund 400,000 Debt Service: * F553-CSAH 82 Improvement Appropriation '06 $138,545 * F554-G.O. Street Reconstruction Bonds '07 169,000 * F555-G.O. Imp Bonds '08 (Brooksville Hills I) 85,000 * F556-G.O. Imp Bonds '09 (Brooksville Hills II) 150,000 * F557-G.O. Imp Bonds 2010 (CR12) 109,000 * F558-G.O. Imp Bonds 2011A (Boudin I/Arcadia ROW) 142,000 * F559-G.O. Imp Bonds 2011B (Boudins II/Arcadia) 201,000 * F317-G.O. CIP Refunding Bonds 2012A 594,158 * F560-G.0. Imp Bonds 2013A (Welcome,CR12,Sunset) 160,000 * F561-G.O. Imp Bonds 2014A (Maplewood,Crest,Carriage) 242,000 * F562-Guaranteed Energy Savings Program 255,000 * F564-G.O. Imp Bonds 2015B (150th/13) 95,147 ** F316-Park Refunding Bonds '05 856,838 ** F318-Fire Station #2 Referendum Bonds '06 227,881 Total Debt Service 3,425,569 Total $ 11,435,275 Note: Single starred funds shall be spread over the entire consolidated City of Prior Lake. Note: Double starred funds represent market value-based referendum taxes and shall be spread over the entire consolidated City of Prior Lake. Note: All other bond issues have sufficient fund balances to cover debt requirements. PASSED AND ADOPTED THIS 14th DAY OF SEPTEMBER, 2015. VOTE Hedberg Keeney McGuire Morton Thompson Aye ❑ ❑ ❑ ❑ ❑ Nay ❑ ❑ ❑ ❑ ❑ Absent ❑ ❑ ❑ ❑ ❑ Abstain ❑ ❑ ❑ ❑ ❑ Frank Boyles, City Manager 01 PR/p� U trl 4646 Dakota Street SE ` INNESOlP Prior Lake, MN 55372 RESOLUTION 15-xxx A RESOLUTION ADOPTING PROPOSED 2016 ECONOMIC DEVELOPMENT AUTHORITY BUDGET AND CERTIFYING PRELIMINARY 2016 ECONOMIC DEVELOPMENT AUTHORITY PROPERTY TAX LEVY TO SCOTT COUNTY DEPARTMENT OF TAXATION Motion By: Second By: WHEREAS, Truth in Taxation provisions as specified by state statute requires the Prior Lake City Council to certify a proposed property tax levy to the Scott County Department of Taxation; and WHEREAS, State Statute 469.107 subd. 1 provides that a city may, at the request of the Economic Development Authority, levy a tax in any year for the benefit of the authority in an amount not to exceed 0.01813 percent of taxable market value; and WHEREAS, The maximum allowable EDA property tax levy for payable year 2016 has been determined to be approximately $515,000; and WHEREAS, The Prior Lake EDA, at its regularly scheduled meeting of August 17, 2015, authorized a 2016 tax levy for economic development purposes in the amount of$155,000 and a 2016 budget of$181,425. NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA as follows: 1. The recitals set forth above are incorporated herein. 2. A preliminary tax levy of$155,000 and proposed budget of$181,425 are approved for payable year 2016. 3. That the proposed Economic Development Authority tax levy be distributed upon the taxable property in said City for the purposes of economic development in payable 2016. PASSED AND ADOPTED THIS 14nd DAY OF SEPTEMBER, 2015. VOTE Hedberg Keeney McGuire Morton Thompson Aye ❑ ❑ ❑ ❑ ❑ Nay ❑ ❑ ❑ ❑ ❑ Absent ❑ ❑ ❑ ❑ ❑ Abstain ❑ ❑ ❑ ❑ ❑ Frank Boyles, City Manager of "" 1 City of Prior Lake u 2016 Preliminary Budget Budgeted Funds ncs.0. Debt Capital Revolving Facilities Total General Service Cable Park Equipment Management EDA Governmental Fund Funds Fund Fund Fund Fund Funds Revenues/Sources Property Taxes Levy-Tax Capacity $ 7,609,706 $ 2,340,850 $ - $ - $ 400,000 $ - $ 155,000 $ 10,505,556 Levy-Market Value 1,084,719 - - - - - - 1,084,719 Special Assessments - 762,607 - - - - - 762,607 Licenses&Permits 485,190 - - - - - - 485,190 Fines&Forfeits - - - - - - - - Intergovernmental 1,522,735 - - - - - - 1,522,735 Charges for Services 1,650,852 - 5,133 590,400 - - 10,000 2,256,385 Other Revenues 275,550 24,245 - 7,000 39,067 8,029 500 354,391 Bond Proceeds - - - - 400,000 620,000 - 1,020,000 Lease Proceeds - - - - - - - Transfers From Other Funds General Fund - 1,084,719 - - - - - 1,084,719 Water Fund 181,320 542,144 - - 60,000 45,000 - 828,464 Sewer Fund 181,320 - - - 60,000 10,000 - 251,320 Water Quality Fund - - - - 21,000 - - 21,000 TIF Fund - 25,520 - - - - - 25,520 Facilities Management Fund - 45,614 - - - - - 45,614 Capital Park Fund 170,000 170,000 Total Revenues/Sources $ 13,161,392 $ 4,825,699 $ 5,133 $ 597,400 $ 980,067 $ 683,029 $ 165,500 $ 20,418,220 Expenditures/Uses Employee Services $ 8,203,457 $ - $ - $ - $ - $ - $ 122,853 $ 8,326,310 Current Expenditures 3,466,549 - - - - - 56,572 3,523,121 Capital Outlay 406,667 - 6,360 170,000 1,200,955 700,792 2,000 2,486,774 Capital Improvements - - - - - - - - Subtotal $ 12,076,673 $ - $ 6,360 $ 170,000 $ 1,200,955 $ 700,792 $ 181,425 $ 14,336,205 Transfers To Other Funds General Fund $ - $ - $ - $ 170,000 $ - $ - $ - $ 170,000 Treatment Plant(Debt) - - - - - - - - Equipment Fund - - - - - - - - Park Equipment Fund - - - - - - - - Debt Service Funds 1,084,719 - - - - 45,614 - 1,130,333 Facilities Management Fund - - - - - - - - EDA Fund - - - - - - - - Debt Service - 5,110,172 - - - - - 5,110,172 Subtotal $ 1,084,719 $ 5,110,172 $ - $ 170,000 $ - $ 45,614 $ - $ 6,410,505 Total Expenditures/Uses $ 13,161,392 $ 5,110,172 $ 6,360 $ 340,000 $ 1,200,955 $ 746,406 $ 181,425 $ 20,746,710 Change in Fund Balance $ - $ (284,473) $ (1,227) $ 257,400 $ (220,888) $ (63,377) $ (15,925) $ (328,490) 12 Preliminary 9.14.2015 Total Water Sewer Water Quality Enterprise Budgeted Fund Fund Fund Funds Funds $ - $ - $ - $ - $ 10,505,556 - 1,084,719 - - - - 762,607 - - - - 485,190 - - - - 1,522,735 3,966,256 2,797,490 838,537 7,602,283 9,858,668 60,000 40,000 10,000 110,000 464,391 950,000 - - 950,000 1,970,000 - - - - 1,084,719 - - - - 828,464 - - - - 251,320 - - - - 21,000 - - - - 25,520 - - - - 45,614 170,000 $ 4,976,256 $ 2,837,490 $ 848,537 $ 8,662,283 $ 29,080,503 $ 735,696 $ 682,564 $ 300,629 $ 1,718,889 $ 10,045,199 1,418,473 1,639,642 230,765 3,288,880 6,812,001 118,035 75,251 - 193,286 2,680,060 2,000,000 300,000 385,000 2,685,000 2,685,000 $ 4,272,204 $ 2,697,457 $ 916,394 $ 7,886,055 $ 22,222,260 $ 181,320 $ 181,320 $ - $ 362,640 $ 532,640 542,144 - - 542,144 542,144 60,000 60,000 21,000 141,000 141,000 - - - - 1,130,333 45,000 10,000 - 55,000 55,000 - - - - 5,110,172 $ 828,464 $ 251,320 $ 21,000 $ 1,100,784 $ 7,511,289 $ 5,100,668 $ 2,948,777 $ 937,394 $ 8,986,839 $ 29,733,549 $ (124,412) $ (111,287) $ (88,857) $ (324,556) $ (653,046) 13 2016 Property Tax Levy Comparison Change 15.16 Property Taxes 2015 2016 Amount Percent Levy-Tax Capacity General Fund-Operating $ 7,071,730 $ 7,609,706 $ 537,976 7.61% Debt Service Funds 1,877,863 2,340,850 462,987 24.65% Revolving Equipment Fund 250,000 400,000 150,000 60.00% Facilities Management Fund - - - n/a $ 9,199,593 $ 10,350,556 $ 1,150,963 12.51% Levy-Market Value-General Fund 1,035,493 1,084,719 49,226 4.75% Levy-Economic Dev Authority 159,000 155,000 (4,000) -2.52% Total Levy $ 10,394,086 $ 11,590,275 $ 1,196,189 11.51% 2016 Budget Expenditure Comparisons(2015 Original Budgets) Capital Revolving Facilities Total General Debt Service Cable Park Equipment Management EDA Governmental Fund Funds Fund Fund Fund Fund Funds 2016 Total Expenditures/Uses $ 13,161,392 $ 5,110,172 $ 6,360 $ 340,000 $ 1,200,955 $ 746,406 $ 181,425 $ 20,746,710 2015 Total Expenditures/Uses $ 12,563,945 $ 4,256,609 $ 7,000 $ 50,000 $ 818,550 $ 3,546,418 $ 188,595 $ 21,431,117 Change 2015 to 2016($) $ 597,447 $ 853,563 $ (640) $ 290,000 $ 382,405 $ (2,800,012) $ (7,170) $ (684,407) Change 2015 to 2016(%) 4.76% 20.05% n/a 580.00% 46.72% -78.95% -3.80% -3.19% 2016 Budget Expenditure Comparisons(2015 Amended Budgets) Capital Revolving Facilities Total General Debt Service Cable Park Equipment Management EDA Governmental Fund Funds Fund Fund Fund Fund Funds 2016 Total Expenditures/Uses $ 13,161,392 $ 5,110,172 $ 6,360 $ 340,000 $ 1,200,955 $ 746,406 $ 181,425 $ 20,746,710 2015 Total Expenditures/Uses $ 12,880,629 $ 4,256,609 $ 7,000 $ 220,000 $ 927,905 $ 3,546,418 $ 188,595 $ 22,027,156 Change 2015 to 2016($) $ 280,763 $ 853,563 $ (640) $ 120,000 $ 273,050 $ (2,800,012) $ (7,170) $ (1,280,446) Change 2015 to 2016(%) 2.18% 20.05% n/a 54.55% 29.43% -78.95% -3.80% -5.81% Expenditure Comparison(All Funds;2015 Original Budget) Change 15-16 Original Budget 2015 2016 Amount Percent Total All Funds $ 31,602,687 $ 29,733,549 $ (1,869,138) -5.91% Less: Bond Refunding - - - n/a Less: Transit Fund - - - n/a Net Total Budgets $ 31,602,687 $ 29,733,549 $ (1,869,138) -5.91% Expenditure Comparison(General Fund;2015 Original Budget) Change 15.16 Original Budget 2015 2016 Amount Percent Total General Fund Budget $ 12,563,945 $ 13,161,392 $ 597,447 4.76% Less: EDA Staff Allocation - - - n/a Less: ERP Software - - - n/a Less: Election Equipment (75,000) - 75,000 n/a Less: SJPA .. - - n/a Less: Transfers - - - n/a Net General Fund Budget $ 12,488,945 $ 13,161,392 $ 672,447 5.38% 14 Preliminary 9.14.2015 Total Water Sewer Water Quality Enterprise Budgeted Fund Fund Fund Funds Funds $ 5,100,668 $ 2,948,777 $ 937,394 $ 8,986,839 $ 29,733,549 $ 5,728,336 $ 3,317,936 $ 1,125,299 $10,171,571 $ 31,602,687 $ (627,668) $ (369,159) $ (187,905) $(1,184,732) $ (1,869,138) -10.96% -11.13% -16.70% -11.65% -5.91% Total Water Sewer Water Quality Enterprise Budgeted Fund Fund Fund Funds Funds $ 5,100,668 $ 2,948,777 $ 937,394 $ 8,986,839 $ 29,733,549 $ 5,742,106 $ 3,372,936 $ 1,165,299 $10,280,341 $ 32,307,496 $ (641,438) $ (424,159) $ (227,905) $(1,293,502) $ (2,573,947) -11.17% -12.58% -19.56% -12.58% -7.97% Expenditure Comparison(All Funds;2015 Amended Budget) Change 15-16 Amended Budget 2015 2016 Amount Percent Total All Funds $32,307,496 $29,733,549 $ (2,573,947) -7.97% Less: Bond Refunding - - - n/a Less: Transit Fund - - - n/a Net Total Budgets $32,307,496 $29,733,549 $ (2,573,947) -7.97% Expenditure Comparison(General Fund;2015 Amended Budget) Change 15-16 Amended Budget 2015 2016 Amount Percent Total General Fund Budget $12,880,629 $13,161,392 $ 280,763 2.18% Less: EDA Staff Allocation - - - n/a Less: ERP Software - - - n/a Less: Election Equipment (75,000) - 75,000 n/a Less: SJPA - - - n/a Less: Transfers - - - n/a Net General Fund Budget $12,805,629 $13,161,392 $ 355,763 2.78% 15