Summary
To: Town Commission
From: Ashley Bernal, Management Analyst
Date: 8/21/2018
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Subject:
Title
2018-2019 Budget Discussion
Summary:
After making adjustments since the previous Commission meeting, staff presents the updated FY 18-19 Annual Budget for the General Fund, Water Fund, and Solid Waste Fund.
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Body
Previous Commission Action: The Commission viewed a previous draft of the FY 18-19 budget on August 7.
Background/Problem Discussion:
GENERAL FUND
Revenues
Ad Valorem revenues have increased 9.64% for the upcoming year, which equates to an increase of $328,750. State Revenue Sharing increased by 8.75% as well, resulting in a total of $111,900. One particular item of notable increase is the Special Duty Police which is increasing from $2,000 to $91,960. Building Permit revenue is seeing a slight decrease, as staff expects this account to return to its baseline as Belleview Properties finish construction.
Overall, the Town is seeing an increase of 5.74% (or $311,884) in operating income. However, non-operating revenue items are projected to decrease nearly $390,000. Town staff continues to limit transfers from reserves in order to avert structural imbalances within the revenue budget.
Expenditures
Overall expenditure impacts across all funds include a salary enhancement of 1.5% COLA and potential 3.0% Merit increase.
Administration: The overall budget for this department has increased by $142,811, totaling to $782,101. This increase is largely due to a $112,400 placeholder for distribution to capital equipment reserve.
Building: This department is experiencing a net decrease of $1,300 related to reduced inspection costs, bringing the total to $149,710.
Support Services: This department's expenses increased by $32,468 this year mainly due to personnel expenses, such as salary enhancements and staff restructuring.
Police: The largest area for increased expenditures in this depa...
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