SLIDE 1 2020 City Manager’s Budget Proposal
Presentation to
Geneva City Council
September 11, 2019
SLIDE 2 Budget Calendar
July 24
August
September 11
- Resolution Est. Public Hearing
September 11
September 25
October 2
October 9
October 23
October 30
January 1, 2020
SLIDE 3 Budget Goals
- Continue conservative forecasting
- Holding property tax rate steady
- Modest increase water and sewer fund rates to
rebalance funds with decreased demand
- Preserve all three fund balances
- Align services to align with reduction in
resources, while providing good value for essential services
- Prioritize projects that align with the Comp Plan
SLIDE 4
Achieving our Vision
Committed to Prioritizing projects that align with our Community’s Comprehensive Plan Adopted by City Council in 2016.
SLIDE 5 Growing the TBL Commitment
Balancing Department requests to holistically provide Programs and Services that forward Strengthen Values, Align with Guiding Principles, and Key Initiatives
Being a Triple Bottom Line Organization (TBL) Activates Comp Plan’s Guiding Principles Across All Departments and Staff
Being Socially Responsible Providing Economic Value Reducing Our Environmental Footprint
SLIDE 6
Growing the TBL Commitment
SLIDE 7 Budget Realities
- Conservative forecasting project
modest revenue growth
- Fixed costs continue to increase
- Every department and every fund
experienced cuts
- Alternative strategies or future
expenditures plans being pursued
SLIDE 8
General Fund Overview
2020 General Fund Proposed Budget
SLIDE 9 2020 General Fund Deficit Timeline
- Balance @ 7/24/19 - $(1,132,009)
- Balance @ 7/29/19 - $(766,860)
- Balance @ 8/8/19 - $(420,436)
- Balance @ 8/12/19 - $(174,576)
- Balance @ 8/19/19 - $(114,026)
- Balance @ 8/27/19 - $(25,785)
- Balance @ 8/28/19 - $0
SLIDE 10 General Fund Overview
– Up $300,109 in spending from 2019
- No property tax rate increase
– Remains at $17.23526/$1,000
SLIDE 11 General Fund Overview
- State Aid remains the same
– Remains at $2,027,613
- Sales Tax increased by $183,654
– Continued growth in 2019
SLIDE 12 General Fund Overview
- Water/Sewer Transfer increased by
$114,239 due to annual growth in salaries & benefits and added staff to be allocated
- Many equipment purchases to be
funded through Equipment Reserve
– Total of $296,348 – Long term interest savings
SLIDE 13 General Fund Overview
- Debt Service decreased by $191,989
– Due to significant debt roll off in 2020 – Will see relief on debt service expenses continuing in 2020 and beyond.
SLIDE 14 General Fund Overview
- Percentages of Total Revenue
– Debt 15.13% – Personnel 67.88% – Total 83.01%
SLIDE 15 General Fund Balance
- Fund Balance: $2,940,746(as of 1/1/19)
- 2020 Proposed Budget: $17,729,856
- Percentage: 16.59%
SLIDE 16
Water Fund Overview
2020 Water Fund Proposed Budget
SLIDE 17 Water Fund Deficit Timeline
- Balance @ 7/24/19 - $(302,666)
- Balance @ 7/29/19 - $(186,666)
- Balance @ 8/8/19 - $(304,355)
- Balance @ 8/12/19 - $(420,355)
- Balance @ 8/19/19 - $(221,005)
- Balance @ 8/27/19 - $(252,810)
- Balance @ 8/28/19 - $0
SLIDE 18 Water Fund
– Down $65,741 in spending from 2019
- Proposed water rate increase of
8.5% to make up for decreased consumption and increasing maintenance costs.
SLIDE 19 Water Fund
- Debt Service expenses decreased
$43,169 from 2019.
– Due to significant debt roll off in 2020 – Will see relief on debt service expenses continuing in 2020 and beyond.
SLIDE 20 Water Fund
- Equipment reserve in the water fund
will support $175,000 of new equipment for 2020.
– Reserve balance of $245,258 after 2020 scheduled draw.
SLIDE 21 Water Fund
- Percentages of Total Revenue
– Debt 35.48% – Personnel 31.61% – Total 67.08%
SLIDE 22 Water Fund Balance
- Fund Balance: $1,036,240 (as of 1/1/19)
- 2020 Budget: $4,214,576
- Percentage:
24.59%
SLIDE 23
Sewer Fund Overview
2020 Sewer Fund Proposed Budget
SLIDE 24 Sewer Fund Deficit Timeline
- Balance @ 7/24/19 - $(427,292)
- Balance @ 7/29/19 - $(142,292)
- Balance @ 8/8/19 - $(29,124)
- Balance @ 8/12/19 - $(314,124)
- Balance @ 8/19/19 - $(92,623)
- Balance @ 8/27/19 - $0
SLIDE 25 Sewer Fund
– Down $422,784 in spending from 2019
- Proposed sewer rate increase of
5.7% to make up for decreased consumption and increasing maintenance costs.
SLIDE 26 Sewer Fund
- Debt Service expenses decreased
$83,541 from 2019.
– Due to significant debt roll off in 2020 – Will see relief on debt service expenses continuing in 2020 and beyond.
SLIDE 27 Sewer Fund
- Equipment costs were temporarily
put on hold to try to recover from a shrinking fund balance.
– No scheduled draws from equipment reserve for sewer in 2020. – Decrease of $238,267 from 2019.
SLIDE 28 Sewer Fund
- Percentages of Total Revenue
– Debt 39.31% – Personnel 33.55% – Total 72.87%
SLIDE 29 Sewer Fund Balance
- Fund Balance: $1,239,577 (as of 1/1/19)
- 2019 Budget: $5,081,533
- Percentage:
24.39%
SLIDE 30
Capital Plan Overview
2020 Capital Plan
SLIDE 31 2020 Projects
Project Cost Lafayette Ave Rehab $2,750,000 WTP Main Transformer $270,000 Street Resurfacing $275,000 Parks Master Plan Improvements $175,000___ Total: $3,470,000
SLIDE 32 2020 Project Funding
Funding Source Amount State Funding/Grants $275,000 Bonded Indebtedness $3,195,000 General: $1,275,000 Water: $957,500 Sewer: $962,500 Total Capital Plan Funding $3,470,000
SLIDE 33
Add’l Budget Items
2020 Workers’ Comp & Tax Cap
SLIDE 34 Workers’ Compensation
- In 2013, Ontario County made the levy of taxes
associated with workers’ compensation costs the responsibility of the host jurisdiction.
- The levy required to do this for 2020 is $394,923,
a $54,272 increase from 2019.
- This will result in an increase of the workers’
compensation rate of 13 cents per $1,000 of assessed value.
SLIDE 35 Tax Cap Impact
- The State of New York provides a formula for
calculation of allowable increases to the property tax levy.
- Current projections indicate that the proposed
levy will not exceed the statutory cap. However, due to the heavy penalties associated with violations, staff recommends a precautionary
- verride.
- This will be presented by separate local law,
requiring a 2/3 vote of City Council.
SLIDE 36
Future Revenue Potential
SLIDE 37 Cultivating Future Revenue
- Real Estate Market Growth
- Smaller Infill Potential
- Development Opportunities
- Geneva Food and Beverage Industry Consortium
- Public-Private/Interagency Partnerships
- Waste Water Treatment Plant Potential
- Finger Lakes Economic Development Regional
Council and State Project Support
SLIDE 38 Cultivating Future Revenue
Market Growth
2008 Buki Neighborhood Study Findings
6% growth in last several years 2020 Revaluation takes effect in 2021 with values expected to grow
Potential
SLIDE 39 Cultivating Future Revenue
- Geneva Food and Beverage Industry Consortium
Partnership with Cornell AgriTech’s Center of Excellence in Food and Agriculture
SLIDE 40 Cultivating Future Revenue
- Development Opportunities
SLIDE 41 Cultivating Future Revenue
- Public-Private/Interagency Partnerships
- Waste Water Treatment Plant Potential
- Finger Lakes Economic Development Regional
Council and State Project Support
SLIDE 42
Mindful Compromises
SLIDE 43 Mindful Compromises
– Postponed one project from each fund for 2020
– Personnel and some equipment requests were not funded for 2020
– Ladder truck postponed until 2021
SLIDE 44 Mindful Compromises
– Continuing with our temporary solution for maintenance but it is not sustainable once DRI projects are complete
– No summer recreation in 2020 – Leaving one position frozen for 2020
– Recommended funding $29,900 less than 2019
SLIDE 45 Mindful Compromises
- Office of Neighborhood Initiatives
– New name
- Office of Community, Economic and Neighborhood Vitality
– City Manager to manage the department for another year – Director position expected to be proposed in 2021
SLIDE 46
Priority Project Highlights
SLIDE 47 Celebrating Successes
- Staff managing over a dozen investment projects
- Approx. $10.5 million in State grants, $9 million
in City investment, over $1.5 million in private
- Downtown and lakefront core focus
- Review of project 2019 project highlights and
2020 action to come
Photo by Kevin Colton
SLIDE 48 Celebrating Successes
- Police Department – Body cameras and Implicit
Bias Trainings
- City Hall Accessibility project
- LED Street Light Conversation
- Downtown Revitalization Initiative projects
SLIDE 49
SLIDE 50 Celebrating Successes
- Food Access efforts
- Marina and public beach projects
- Ridgewood Park and Ice Rink
- Grant application for East Lakeview access to the
lakefront and increased recreational trails
- Grant award to focus on zombie properties
- Pilot project with Geneva 2030 and Geneva
Resiliency Center
SLIDE 51 Budget Calendar
July 24
August 2019
September 11
- Resolution Est. Public Hearing
September 11
September 25
October 2
October 9
October 23
October 30
January 1, 2020
SLIDE 52 Thank You!
Full budget document available tomorrow at www.cityofgenevany.com
