City of Pow ell Citizen Financial Review Task Force Report to City - - PowerPoint PPT Presentation

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City of Pow ell Citizen Financial Review Task Force Report to City - - PowerPoint PPT Presentation

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City of Pow ell Citizen Financial Review Task Force Report to City Council | June 2018 Report Presentation Citizen Financial Review Task Force | Report to City Council | June 2018 Overview Introduction Committee Reports Capital

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Report to City Council | June 2018

City of Pow ell

Citizen Financial Review Task Force

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Citizen Financial Review Task Force | Report to City Council | June 2018

Report Presentation

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Citizen Financial Review Task Force | Report to City Council | June 2018

Overview

  • Introduction
  • Committee Reports
  • Capital Needs
  • Expenditure Review
  • Revenue
  • Conclusion
  • Recommendations
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Citizen Financial Review Task Force | Report to City Council | June 2018

Introduction

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Citizen Financial Review Task Force | Report to City Council | June 2018

Task Force Creation

  • Rapid growth during the past 30 years
  • Infrastructure funding down or eliminated
  • Local Government Fund (LGF), Estate Tax, etc.
  • Powell sought grants, did only critical maintenance
  • Levy failed in 2010
  • City can’t continue to provide safe, secure streets
  • City Council created Task Force in 2018 to investigate facts,

problem and recommend solutions

2018 Citizen Financial Task Force Review Final Report (pg. 1)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Task Force Members

  • Mike Barker
  • Richard Cline
  • John Cruise
  • Bruce Dorstewitz
  • Christina Drummond
  • Tom Ewers
  • Jeff Gardiner
  • Ross Gillespie
  • Lisa Gruebel
  • Terry Hoppmann
  • Tom Jedlinsky
  • Heather Robinson Lindsey
  • Tom O’Brien
  • Eric Prall
  • Randall Sampson
  • Craig Sedoris
  • Vicki Vendramin
  • Barb Walters

2018 Citizen Financial Task Force Review Final Report (pg. 1)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Task Force Charge

  • Review cost-containment to-date, identify any new efforts
  • Determine long-range impact of revenue loss to City budget
  • Assess potential for strengthening long-term revenue
  • Review and identify long-term capital needs and potential funding

sources

2018 Citizen Financial Task Force Review Final Report (pg. 2)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Task Force Committees

  • Capital Needs
  • Expenditure Review
  • Revenues

Thanks to City staff for invaluable support!

2018 Citizen Financial Task Force Review Final Report (pg. 5)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Capital Needs Committee

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Citizen Financial Review Task Force | Report to City Council | June 2018

Capital Needs Findings & Analysis

  • Powell no longer collects sufficient revenue to maintain its

existing infrastructure.

  • The City needs an additional $2M per year to adequately fund

maintenance of existing City infrastructure.

  • Grants are not a sustainable way to pay.

2018 Citizen Financial Task Force Review Final Report (pg. 7)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Most expensive infrastructure assets are streets, sewers and bike paths.

  • 120 lane miles
  • 77 miles of storm sewers
  • 24 miles of bike paths

2018 Citizen Financial Task Force Review Final Report (pg. 8)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 11)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 12)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 12)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Adventure Park – PCR 55

2018 Citizen Financial Task Force Review Final Report (pg. 14)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Manderly Court – PCR 70

2018 Citizen Financial Task Force Review Final Report (pg. 14)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Retreat Lane – PCR 80

2018 Citizen Financial Task Force Review Final Report (pg. 15)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Pedestrian Tunnel – Adventure Park

2018 Citizen Financial Task Force Review Final Report (pg. 15)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018 Ten-Year Estimate of Infrastructure Maintenance

2018 Citizen Financial Task Force Review Final Report (pg. 8)

1 Yearly costs recur annually and are estimated over a ten-year period. 2 The Subcommittee estimates periodic costs will occur once in the next ten years. 3 10-Year Cost Estimate accounts for inflation over a ten-year period. Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Capital Needs Findings & Analysis

Three Possible Scenarios

  • 1. Status quo
  • 2. Find way to generate $2M needed
  • 3. Find way to generate more revenue

2018 Citizen Financial Task Force Review Final Report (pg. 16)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Capital Needs Recommendations

Scenario 2 is most cost effective and sensible

  • Allows City to act based on need, not funding
  • Provides stable funding source for multi-year planning
  • Bidding to get work done when labor is cheapest

2018 Citizen Financial Task Force Review Final Report (pg. 16)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 13)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Expenditure Committee

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Citizen Financial Review Task Force | Report to City Council | June 2018

Expenditure Findings & Analysis

Goals

  • Learn how Powell tax dollars are accounted for and spent
  • Understand state law funding changes
  • Review City’s spending across all departments

2018 Citizen Financial Task Force Review Final Report (pg. 17)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 18)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 19)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Police Officers per 1,000 Residents

2018 Citizen Financial Task Force Review Final Report (pg. 21)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Expenditure Review Recommendations

  • Encourage the City to maintain its conservative spending

practices.

  • Strongly support the Powell Police Department.

2018 Citizen Financial Task Force Review Final Report (pg. 23)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Revenue Committee

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Citizen Financial Review Task Force | Report to City Council | June 2018

Revenue Findings & Analysis

Major Revenue Sources

  • Municipal Income Tax
  • Development Fees
  • Property Tax

2018 Citizen Financial Task Force Review Final Report (pg. 24-25)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 27)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

2018 Citizen Financial Task Force Review Final Report (pg. 27)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Revenue Findings & Analysis

Recent Revenue Trends

  • State of Ohio legislative action has reduced annual revenue
  • Elimination of the Estate Tax
  • $567,000 annually

2018 Citizen Financial Task Force Review Final Report (pg. 25-26)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Revenue Recommendations

0.75% 1.15%

Income Tax Increase

2018 Citizen Financial Task Force Review Final Report (pg. 29)

1 Includes residents who live and work in Powell, as well as Powell residents who work in unincorporated

areas, like Liberty Township, that do not have a municipal income tax.

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Revenue Recommendations

75/25 Policy

2018 Citizen Financial Task Force Review Final Report (pg. 29)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Fund Existing Infrastructure Maintenance

  • Powell maintains one of the lowest income tax rates in Ohio.
  • City manages its existing revenue prudently despite significant

state deductions.

  • Continuing to defer infrastructure maintenance is not a viable
  • ption.

2018 Citizen Financial Task Force Review Final Report (pg. 31)

Introduction & Charge of Task Force Capital Needs Committee Expenditure Review Committee Revenue Committee Conclusion
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Citizen Financial Review Task Force | Report to City Council | June 2018

Conclusion

2018 Citizen Financial Task Force Review Final Report (pg. 31)

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Citizen Financial Review Task Force | Report to City Council | June 2018

Public Forum

Tuesday, July 10, 6-8 p.m. Municipal Building Council Chambers Presentation at 6:30 p.m.