City of Brighton Audit Presentation to the City Council FOR THE YEAR - - PowerPoint PPT Presentation
City of Brighton Audit Presentation to the City Council FOR THE YEAR ENDED JUNE 30, 2018 1 City of Brighton General Fund Revenue (excludes Imagination Station Maintenance Fund, Principal Shopping District Fund, and the Arts and Cultural Commission
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S tate S hared Revenue, 10% Fines and Penalties, 3% Charges for S ervices, 9% Property Taxes, 68% Licenses and Permits, 7% Interest, Rentals, and Other, 3%
(excludes Imagination Station Maintenance Fund, Principal Shopping District Fund, and the Arts and Cultural Commission Fund)
Fiscal Year Ended June 30, 2018
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$0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
2016 2017 2018 Interest, Rentals, and Other $173 $132 $219 Licenses and Permits $427 $454 $596 Fines and Penalties $285 $276 $274 Charges for S ervices $691 $709 $732 Property Taxes $5,551 $5,721 $5,834 S tate S hared Revenue $763 $666 $895
(Dollars in 000s)
$8,550 $7,890 $7,960
City of Brighton General Fund Revenue
(excludes Imagination Station Maintenance Fund, Principal Shopping District Fund, and the Arts and Cultural Commission Fund)
Years Ended June 30
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2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 TV 459 452 435 412 401 394 401 418 426 427 SEV 516 495 470 435 420 412 434 466 514 517 100 200 300 400 500 600
City of Brighton Taxable Value vs. State Equalized Value (in Millions) Years Ended June 30
2009 Baseline TV
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20% 39%
28% 1% 12%
General Government Public S afety Public Works Community Development Transfers and Other
City of Brighton General Fund Expenditures
(excludes Imagination Station Maintenance Fund, Principal Shopping District Fund, and the Arts and Cultural Commission Fund)
Year Ended June 30, 2018
6 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000
2016 2017 2018 Community Development $507 $403 $75 Transfers and other $1,328 $1,098 $911 Public Works $1,837 $2,044 $2,018 Public S afety $2,625 $2,801 $2,837 General Government $1,631 $1,381 $1,472
(in 000s)
$7,727 $7,928 $7,313
City of Brighton General Fund Expenditures
(excludes Imagination Station Maintenance Fund, Principal Shopping District Fund, and the Arts and Cultural Commission Fund)
Years Ended June 30
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Public Safety Public Works General Government Transfer and Other Community Development 2016 $2,625,000 $1,837,000 $1,631,000 $1,328,000 $507,000 2017 $2,801,000 $2,044,000 $1,381,000 $1,098,000 $403,000 2018 $2,837,000 $2,018,000 $1,472,000 $911,000 $75,000
$‐ $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000
8 $6,633 $6,649 $6,600 $6,629 $6,402 $1,477 $1,061 $1,211 $1,022 $1,379 $5,000 $5,500 $6,000 $6,500 $7,000 $7,500 $8,000 $8,500
2014 - 22.2% 2015 - 16.0% 2016 - 18.3% 2017 - 15.4% 2018 - 21.5% (Dollars in 000s)
Annual Expenditures* Unassigned Fund Balance
* Annual expenditure figures exclude transfers to other funds and exclude the Imagination Station Maintenance Fund, Principal Shopping District Fund, and the Arts and Cultural Commission Fund
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$8,192,857 $11,080,551 $12,798,216 $14,984,269 $‐ $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 Pension (8% Discount rate) Pension (7% Discount rate) Retiree Healthcare (7.59% Discount rate) Retiree Healthcare (6.59% Discount rate)
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$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Unfunded Liabilities OPEB Pension Capital*
$12,798,216 $50,000,000 $8,192,857 * Management’s estimated unfunded liability for capital is $50 million ‐ $40 million relates to roads and $10 million relates to other capital
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 General Fund Revenue General Fund Personnel, Debt Service, Refuse Collection, and Street Lighting Costs
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‐ 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 Governmental Activities ‐ Roads and sidewalks Governmental Activities ‐ Buildings and improvements Governmental Activities ‐ Equipment and
Cost Accumulated Depreciation
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‐ 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 30,000,000 35,000,000 Water and sewer lines Retention basin and machinery/equipment Building and treatment facilities Cost Accumulated Depreciation
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Library .8828 LISD 3.3351 Brighton Area Schools 7.19 County 3.9776 State ed. tax 6.000 City
safety/economic development 15.7705
Total School 42.76% Total City 40.80%
Brighton Area Fire Authority 1.4938
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