Summary
To: Mayor Gary H. Katica, Commissioners
From: Micah Badana
Date: 7/25/2016
______________________________________________________________________
Subject:
Title
Preliminary FY2016-17 Budget
Summary:
At this time, we are at a net positive of $2,700 for the next budget year. A few revenue and expenditure impacts are;
* Staff received the certified taxable value from the property appraiser
* State revenues estimations have been completed
* The salary adjustment was modified to reflect the average from the current 2015-16 budget. The previous preliminary budget estimated merit increase at 2.7%, staff has decreased this to 2.5%.
* Health Increase will be a 4.1% increase instead of the 10% originally estimated
* The Fire Service Agreement is currently being discussed and the current fee structure has estimated an impact of $559,000, a $68,700 increase from prior year.
* Reevaluation of the vehicle lease program
We still have a number of major items that will effect this number, to include:
* ?General Liability estimates
* ?Ongoing review of some recreation based revenues
* Discussions about the payback of the General Fund loan being paid back by the Water Fund.
* ?Three items not included because not enough information was available:
o A request for a part time to full time upgrade
o Increase to sports leagues
o Increase to teen camp.
End
Body
Previous Commission Action: N/A
Background/Problem Discussion:
Revenues
Staff has received the certified taxable property values and property taxes are estimated to rise 5.79%. This equates to an increase of $171,000.
Electric Franchise this fiscal year is trending an increase and staff has estimated an additional $26,900.
Communication Services Tax as estimated by the state, dropped $13,000 compared to prior year's budget. State revenue sharing is estimated at 4% increase, which is a $3,950 impact. State Sales Tax revenue increased by 3% and provides an additional $7,750.
As part of the roll out of ...
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