HomeMy WebLinkAbout04 15 2019 2018 Preliminary Year-End PresentationApril 15, 2019
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General Fund
Revenues
Expenditures
Reserves
Other Funds
Enterprise Funds
EDA
Agenda
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Revenues exceeded expenditures by $524k
Revenues -107% of budget
198 building permits as compared to a budget of 135 resulting in
building permits and plan check fees above budget by $372k and $135k
respectively. (primarily Summit Preserve, Trillium Cove and Haven’s
Ridge phased development)
Developer Agreement Revenue above budget for two developments that
came in during 2018 but were not planned (Maple Park Shores 2nd and
Majestic)
Expenditures -98% of budget
Employee turnover/delay in filling positions
Lower fuel use/cost than budgeted
Maintenance (Parks, Bldg, Cleaning)
2018 Use of General Fund Reserves
One time funding for Fire turn out gear, City Manager search,
Laserfiche upgrade, EDA initiatives, street overlay and easement for
CR21/stormwater pond
2018 General Fund
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Revenues
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Revenue Category Revenues to Budget
Favorable/(Unfavorable)
Property Taxes $ (19,000)
Licenses and Permits 387,000
Intergovernmental 160,000
Charges for Services (including franchise taxes) 286,000
Interest (loss) on Investments (31,000)
Miscellaneous Revenue 108,000
Estimated Total Revenues Exceeding Budget $ 891,000
Expenditures
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Expenditure Category Estimated Expenditures
Compared to Budget*
Favorable/(Unfavorable)
Subtotals by
Category
Personnel:
Savings from Employee Turnover, Hiring Delays,
etc.
$224,000
Overtime (260,000)
Part-time/Seasonal Wages (8,000)
Other Wages (Election Judges, Paid On-Call Fire) 3,000
Health Insurance Savings 11,000
Workers Comp Insurance 46,000
Total Personnel $ 16,000
Current Expenditures:
Supplies (12,000)
Fuel (23,000)
Uniforms 5,000
Repair & Maintenance Supplies 9,000
Small Equipment 7,000
Maintenance Agreements – Buildings 15,000
Maintenance Agreements - Cleaning 28,000
Maintenance Agreements – General/Equipment/
Heavy Equipment Rental
32,000
Maintenance Agreements – Trees & Native Veg 34,000
Maintenance Agreements – Trails/Sidewalks 48,000
Maintenance Agreements – All Other 8,000
Legal / Prosecution Fees 50,000
Professional Services 70,000
Insurance (4,000)
Memberships and Subscriptions 10,000
Training and Employee Development 8,000
Utilities 8,000
Other 3,000
Total Current Expenditures 286,000
Capital Outlay Expenditures:
Machinery & Equipment 11,000
Furniture & Office Equipment 1,000
Total Capital Outlay Expenditures 12,000
Total Expenditures $ 314,000
Beginning Balance -$6.7M
Ending Balance -$7.2M*
Reserve Calculation –53%*
CFMP specifies a range between 40% and 50%
2019 Planned Use of Reserves ($216,800)
2019 Budget Amendments ($65,000)
Current Balance -$6.9M (51%)
* Not Including 2019 Planned Use of Reserves/Budget
Amendments
General Fund Reserve*
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General Fund Reserve*
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* Not Including 2019 Planned Use of Reserves/Budget Amendments
$12,192,316
$12,985,255
$12,563,945
$12,945,738 $13,070,878
$12,767,768
$13,554,319
57%
50%
46%
47%
51%54%53%
$11,000,000
$11,500,000
$12,000,000
$12,500,000
$13,000,000
$13,500,000
$14,000,000
2012 2013 2014 2015 2016 2017 2018
Subsequent Year’s Budget Actual Fund Balance
Debt Service
Overall reduction in 2018 special assessment revenue of
as compared to 2017 because 2017 included a one-time
$380k property assessment payoff for the Bolger
property.
Redeemed 2007A Water Treatment Plant Bonds from
escrow ($6.8 million) in 2017.
Cable Fund
Planned expenditures of $60k for the replacement of the
Council Chambers cable production equipment.
Capital Park
Park dedication fees for Summit Preserve & Haven Ridge
development phases.
Other Funds
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Revolving Equipment
Debt issued for Fire Pumper Truck ($605,000)
Equipment purchases approved ($900k)
Facilities Management
Debt issued for the Fire Station #1 Self Contained Breathing
Apparatus equipment and parking lot improvements.
($560,000)
PIR Fund
The 2018 project cost was $624k. This is funded by bond
proceeds and Special Assessments.
Other Funds
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Water
Sewer
Storm Water
Enterprise Funds
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Total Revenues -$9.90M
Water Charges -$3.97M
Contributions -$3.20M
Transfers -$2.60M
Total Expenditures -$4.35M
Operating -$2.72M
Transfers -$1.62M
Water
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Water
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Water Improvement
Projects
CIP Ref Budget Actual Comments
Water Treatment Facility Equipment
Replacement
CIP #14 $106,090 $0 Project Deferred
Cartegraph Upgrade CIP #25 18,890 0 Project Deferred
Total $124,980 $0
Infrastructure Projects CIP Ref Budget Actual Comments
Franklin Trl (CR44 to Summer)CIP #10 360,000 220,439 Transfer funds to F501
Huron Area Streets CIP #10 775,000 556,461 Transfer funds to F501
CSAH 42/TH13 CIP #10 $100,000 Project Deferred
Park Avenue CIP #10 49,500 Project Deferred
Watermain Extension CR82 47,580
SMSC Joint Water Treatment
Facility Filter Cells
CIP #14 1,500,000 1,492,167
AMRS Replacement CIP #11 850,000 634,293 Project will carry over into
2019
Summit Preserve Booster Station CIP #14 556,552 Project budgeted in
2017/project completed in
2018
Raw watermain extension project CIP #13 711,557 Project budgeted in 2019
but portion of work
completed in 2018 by the
SMSC as part of another
project
Non-capital expenditures 3,456
Total $3,634,500 $3,445,605
Total Revenues -$4.37M
City Sewer Charges -$1.57M
MCES Charges -$1.40M
Total Expenditures -$4.05M
Operating -$2.93M
Transfers -$1.11M
Sewer
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Sewer
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Sewer Improvement Projects CIP
Ref
Budget Actual Comments
Sewer System Equipment
Replacement
CIP#19 $62,407 $92,079 Sewer televising camera and
trailer
Cartegraph Upgrade CIP#25 18,890 0 Project Deferred
Total $81,297 92,079
Street Reconstruction Projects CIP
Ref
Budget Actual Comments
Franklin Trl (CR44 to Summer)CIP#10 330,000 378,748 Transfer funds to F501
Huron Area Streets CIP#10 550,000 467,176 Transfer funds to F501
Inflow/Infiltration Improvements CIP#18 100,000 Project deferred
AMRS Replacement CIP#11 850,000 634,293 Project will carry over into 2019
Non-capital expenditures 4,459
Total $1,830,000 $638,752
Storm Water
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Total Revenues -$1.70M
Storm Water Charges -$982k
Contributions -$428k
Total Expenditures -$1.08M
Operating -$602k
Transfers -$480k
Storm Water
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Street Reconstruction Projects CIP Ref Budget Actual Comments
Franklin Trl (CR44 to Summer)CIP#10 89,590
Huron Area Streets CIP#10 190,015 347,831 Transfer funds to F501
Rolling Oaks 56,836 Transfer funds to F501
Stormwater Easement CIP#10 143,612 143,612
Total $423,217 $143,612
Storm Sewer
Improvement Projects
CIP Ref Budget Actual Comments
Stormwater Infrastructure
Maintenance
CIP #20 $60,000 $15,035
Pond Maintenance & Retrofit CIP #21 357,751 447,630 Sand Point Beach Stormwater
Infrastructure Project
2017/2018 funding; 2018
expenditures
Breezy Point Improvements 5,900
Non-capital expenditures CIP #22 25,000 24,412 Contract BMP Maintenance
Total $442,751 $492,977
2018 Budget -$153,597
Tax Levy -$140,000
Transfer In -$300,000
Revenues -$453,909
Expenditures -$149,853
Tech Village -$4,362
Economic
Development Authority
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