F Y 2018-2019 Budg e t Upda te Ma y 22, 2018 T he Re c o mme nde - - PowerPoint PPT Presentation

F Y 2018-2019 Budg e t Upda te Ma y 22, 2018

T he Re c o mme nde d F Y19 Budg e t is

BAL ANCE D!

Ag e nda

• Re ve nue
• Upda te d Ge ne ra l F

und

• Ca pita l I

mpro ve me nts

• Othe r I

nitia tive s a nd I ssue s

• Ne xt Ste ps
• Q&A

Ge ne ra l F und Re ve nue I nc re a se s

Sour c e

F Y18 Adopte d

F Y 19 Pr

• pose d

Diffe r e nc e

Ge ne r al F und Re ve nue $36,698,521 $37,730,553 $1,032,032

• Highlights:
• T

ra nsa c tio n Privile g e T a x - $862,357

• VL

T – $50,000

• Gra nt I

nc re a se s – $119,000

• Sta te Sha re d Sa le s T

a x I nc re a se - $166,469

• L

e isure a nd L ib ra ry Se rvic e s – $60,258

Ge ne ra l F und Ve hic le s

• $500,000 – PD Cro wn Vic Ro ta tio n
• $200,000 - I

nte rna tio na l Bus

• $45,000 - F
• rd Utility T

ruc k

• $45,000 - F
• rd E

c o no line Va n

• $35,000 - Che vy 1/ 2 T
• n Pic kup
• $35,000 - F
• rd 3/ 4 T
• n Pic kup
• $35,000 - F
• rd 3/ 4 T
• n Pic kup
• $35,000 - Che vy 1/ 2 T
• n Pic kup
• $35,000
• PD De te c tive E

xplo re r

Ca pita l I mpro ve me nts

(pa id b y CI F )

• $12,000 Sta irc a se Co nstruc tio n– F

le e t

• $15,000 K

e nne l Upg ra de - ACO

• $35,000 2-Pe rso n L

ift - F

a c ilitie s

• $63,000 F

ire Pa ne l Upg ra de – PCC &

OYCC

• $125,000 Se c urity Ga te Re pla c e me nt -

PCC

• $185,000 HVAC Re pla c e me nt (PD

Co mpre sso r 1&2; PCC Sho ps; F le e t AC # 1; PD Bo ile r # 2)

• $205,000 He a te r Re pla c e me nt - Co ve

Ca pita l I mpro ve me nts c o nt.

(pa id b y CI F )

• $73,800 – F

ire Ra dio Re pla c e me nt (18

ra dio s)

• $140,000 - Upg ra de E

le c tric a l Pe de sta ls –

Ve te ra ns Me mo ria l Pa rk

• $245,000 – Ne w Se rve r (I

T / SAN I nfra struc ture )

• $300,000 - F

ire E q uipme nt (5 he a rt mo nito rs;

9 SCBA re pla c e me nts)

• $663,604 - Do ming o Pa iz L

ig hting Pro je c t

Ca pita l I mpro ve me nts c o nt.

(pa id b y CI F )

• $92,250 – Axc e ss E

ne rg y Ma na g e me nt –

City Bldg s

• $120,500 – Ca rd Ac c e ss – City Bldg s
• $150,000 – City Ha ll Re mo de ling
• $500,000 – Sc ho o l Distric t T

e na nt I mpro ve me nt (K ing s Co urt)

Pro po se d F ina nc ing

• I

nte rna tio na l Bus

• Che vy 1/ 2 T
• n Pic kup
• F
• rd Utility T

ruc k

• F
• rd 3/ 4 T
• n Pic kup
• F
• rd 3/ 4 T
• n Pic kup
• Che vy 1/ 2 T
• n Pic kup
• F
• rd E

c o no line Va n

• Do ming o Pa iz L

ig hting Pro je c t

Ca pita l I mpro ve me nt Pla n

• 1. Ba ll fie ld re no va tio n - $3,050,000
• 2. No rth Ga rde n/ F

ry Blvd. impro ve me nt Pha se I & I I

• (Pha se I

funde d thro ug h MPO $2,573,598, Pha se I I unfunde d $5,000,000)

• 3. T

he Co ve re no va tio n - $490,000

• 4. Re pla c e o utda te d ha nd-he ld ra dio s fo r

F ire

• $73,800 (funde d)
• 5. Ne w c o mmunity c e nte r - se c tio n 36

de ve lo pme nt - $8,000,000

• 6. Pa rking a nd spo rts c o mple x impro ve me nt

$200,000

Ca pita l I mpro ve me nt Pla n

• 7. Upg ra de F

ire sta tio n a le rt syste m - $1,900,000

• 8. Multi use pa th (MUP) pro g ra m in the City -

$1,000,000

• 9. E

le c tric a l pe de sta l upg ra de a t the b a nd she ll - $140,000 (funde d)

• 10. E

me rg e nc y o pe ra tio ns c e nte r re mo de l a t PD - $270,000

• 11. Visito r c e nte r re lo c a tio n - $800,000

Ca pita l I mpro ve me nt Pla n

• 12. Ne w e missio n c o ntro l de vic e s in the F

ire sta tio n b a ys - $60,000

• 13. Ne w b a ll fie ld - $700,000 pe r a rtific ia l turf

b a ll fie ld

• 14. City Ha ll impro ve me nts o r re mo de l -

$2,000,000

• 15. Ne w ma inte na nc e b uilding a t Ve te ra ns

Me mo ria l Pa rk - $100,000

• 16. Mo b ile c o mma nd po st re no va tio n -

$400,000 to $580,000

Ca pita l I mpro ve me nt Pla n

• 17. Ve hic le c o ve re d she lte r a t PD - $62,000
• 18. F

S # 1 a nd # 2 pa ve me nt pro je c t - $250,000

F ina nc ing Unfunde d Ca pita l

Bo nd Size E

• st. Annua l Pa yme nts

E

• st. T

a x inc re a se $ 5,000,000 $ 366,000 0.055% $ 10,000,000 $ 732,000 0.110% $ 15,000,000 $ 1,098,000 0.165% $ 20,000,000 $ 1,464,000 0.220 % $ 24,462,000 $ 1,789,000 0.270% E

• st. $333,000 pe r 0.05% inc re a se fo r a ll ta xe s c urre ntly a t 1.95%

(i.e . ra ising ta x ra te fro m 1.95% to 2.00%)

HURF Ca pita l

• F

ry to wn site impro ve me nts $15,000

• ADA side wa lk ra mps $23,522
• Che vy ½ T
• n Pic kup $35,000
• Co rra l Ro a d impro ve me nt c / o $50,000
• Curb , g utte r a nd side wa lks 5th stre e t $69,288
• Alle y impro ve me nts 1st a nd 2nd stre e t $75,000
• 7th stre e t striping o b lite ra tio n $79,000
• Cha rle sto n Wa ll c / o $250,000

HURF Ca pita l c o nt.

• Annua l stre e t ma inte na nc e $764,213
• De sig n a nd insta lla tio n o f a da ptive sig na l

c o ntro ls $910,224

MPO Ca pita l

• F

ry Blvd a nd No rth Ave De sig n $265,000

• F

ry Blvd a nd No rth Ave Co nstruc tio n $2,308,598

F uture Budg e t I ssue s

• Co ntinua l PSPRS Re tire me nt Co st I

nc re a se s

• Ma inta ining Cla ss Co mp Pla n
• Spo rts F

ie ld Ca pa c ity

• Ca pita l Ma inte na nc e Pla n
• OYCC Re pla c e me nt

Ne xt Ste ps

• T

e nta tive b udg e t b o o k to b e distrib ute d to Co unc il b y Ma y 25, 2018

• Budg e t wo rk se ssio ns June 11 a nd 13, 2018
• T

e nta tive b udg e t vo te June 28, 2018

• F

ina l b udg e t vo te a nd Pro pe rty ta x he a ring July 26, 2018

• Pro pe rty ta x vo te Aug ust 9, 2018