FY21 Budget Discussion #2 July 31,2020 Budget Assumptions FY21 - - PowerPoint PPT Presentation

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FY21 Budget Discussion #2 July 31,2020 Budget Assumptions FY21 - - PowerPoint PPT Presentation

Sep 09, 2022 298 likes •430 views

FY21 Budget Discussion #2 July 31,2020 Budget Assumptions FY21 Revenues Presumed 10% reduction in property values in FY22 and FY23 Presumed reduction in State-derived revenues in FY21 - FY23 Presumed

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SLIDE 1

FY’21 Budget Discussion #2

July 31,2020

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SLIDE 2

Revenues

  • Presumed 10% reduction in property values in FY’22 and FY’23
  • Presumed reduction in State-derived revenues in FY’21 - FY’23
  • Presumed contraction in LE revenues (correlation to dividends)
  • Presumed reduction in some charges for services (Parks & Rec fees,

rentals, etc.) Expenses

  • 0% growth and/or reductions in controllable operating expenses
  • No across-the-board or merit increases
  • 0% growth in health insurance premiums for employees, retirees and the

city Budget Assumptions – FY’21

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SLIDE 3

Millage Adoption

  • The table below provides the voting thresholds for the FY’21 millage

adoption Rolled-back Millage Millage Threshold for Simple Majority Recommended Millage 5.1909 5.3580 5.4644 Simple Majority Required Simple Majority Required Super Majority Required

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SLIDE 4

Scenarios proposed by Commissioners The following Day’s Cash scenarios are a combination of versions requested by Commissioners over the last week. There is a scenario # on the top left of each page and a list of the basic assumptions requested. Deputy CM Sherrouse provided each of you a summary of the following scenarios during this week’s meetings. The next 6 slides simply provide versions that can be used for your discussions. Note that a couple of the ending days-cash dropped by a day as a result of a change to the de- appropriation agenda item scheduled for the Monday 8/3/2020 CC meeting. Note that these are provided as discussion points only. We can modify whatever millage and expense scenarios you would prefer.

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SLIDE 5

FY'20 FY'21 FY'22 FY'23

FY Starting Surplus

26,663,650 29,641,100 26,733,081 20,626,175

Budgeted revenues

126,822,837 127,240,419 124,059,409 121,578,221

Budgeted expenses

134,794,506 133,888,212 133,888,212 134,557,653

Budgeted Surplus Generated / (Used)

(7,971,669) (6,647,793) (9,828,803) (12,979,432)

Budgeted Ending Surplus

18,691,981 22,993,307 16,904,278 7,646,743

Actual Revenues

(1,065,000) 891,000 868,000 851,000

Actual Expenses

12,014,119 2,848,774 2,853,897 2,691,000

FY Ending Actual Surplus

29,641,100 26,733,081 20,626,175 11,188,743

Days Cash

80 74 57 31 GENERAL FUND BUDGET

Day’s Cash Estimates discussed by Commissioners:

  • 5.4644 mills
  • No ATB/Merit in FY’21

Original Scenario

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SLIDE 6

FY'20 FY'21 FY'22 FY'23

FY Starting Surplus

26,663,650 29,424,062 27,516,043 21,709,137

Budgeted revenues

126,822,837 127,240,419 124,059,409 121,578,221

Budgeted expenses

134,794,506 133,888,212 133,888,212 134,557,653

Budgeted Surplus Generated / (Used)

(7,971,669) (6,647,793) (9,828,803) (12,979,432)

Budgeted Ending Surplus

18,691,981 22,776,269 17,687,240 8,729,705

Actual Revenues

(1,065,000) 1,891,000 1,168,000 3,851,000

Actual Expenses

11,797,081 2,848,774 2,853,897 2,691,000

FY Ending Actual Surplus

29,424,062 27,516,043 21,709,137 15,271,705

Days Cash

80 76 60 42 GENERAL FUND BUDGET

  • 5.4644 mills
  • No ATB/Merit in FY’21
  • Postponement of Station #3 relocation

Scenario #1

Day’s Cash Estimates discussed by Commissioners:

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SLIDE 7

FY'20 FY'21 FY'22 FY'23

FY Starting Surplus

26,663,650 29,424,062 26,516,043 20,709,137

Budgeted revenues

126,822,837 127,240,419 124,059,409 121,578,221

Budgeted expenses

134,794,506 133,888,212 133,888,212 134,557,653

Budgeted Surplus Generated / (Used)

(7,971,669) (6,647,793) (9,828,803) (12,979,432)

Budgeted Ending Surplus

18,691,981 22,776,269 16,687,240 7,729,705

Actual Revenues

(1,065,000) 891,000 1,168,000 3,851,000

Actual Expenses

11,797,081 2,848,774 2,853,897 2,691,000

FY Ending Actual Surplus

29,424,062 26,516,043 20,709,137 14,271,705

Days Cash

80 73 57 39 GENERAL FUND BUDGET

Day’s Cash Estimates discussed by Commissioners:

  • 5.4644 mills
  • No ATB/Merit in FY’21
  • Maintain $1m for land purchase for Station #3
  • Postponement of Station #3 Design & Construction

Scenario #2

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SLIDE 8

FY'20 FY'21 FY'22 FY'23

FY Starting Surplus

26,663,650 29,424,062 25,859,602 19,396,255

Budgeted revenues

126,822,837 127,240,419 124,059,409 121,578,221

Budgeted expenses

134,794,506 134,557,653 134,557,653 135,230,441

Budgeted Surplus Generated / (Used)

(7,971,669) (7,317,234) (10,498,244) (13,652,220)

Budgeted Ending Surplus

18,691,981 22,106,828 15,361,358 5,744,035

Actual Revenues

(1,065,000) 891,000 1,168,000 3,851,000

Actual Expenses

11,797,081 2,861,774 2,866,897 2,705,000

FY Ending Actual Surplus

29,424,062 25,859,602 19,396,255 12,300,035

Days Cash

80 71 53 34 GENERAL FUND BUDGET

Day’s Cash Estimates discussed by Commissioners:

  • 5.4644 mills
  • Provide 1.5% ATB in FY’21 (No Merits offered)
  • Maintain $1m for land purchase for Station #3
  • Postponement of Station #3 Design & Construction

Scenario #3

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SLIDE 9

FY'20 FY'21 FY'22 FY'23

FY Starting Surplus

26,663,650 29,522,981 26,365,304 20,028,556

Budgeted revenues

126,822,837 126,487,761 123,325,567 120,859,056

Budgeted expenses

134,794,506 133,368,212 133,368,212 134,035,053

Budgeted Surplus Generated / (Used)

(7,971,669) (6,880,451) (10,042,645) (13,175,997)

Budgeted Ending Surplus

18,691,981 22,642,530 16,322,659 6,852,559

Actual Revenues

(1,065,000) 885,000 863,000 846,000

Actual Expenses

11,896,000 2,837,774 2,842,897 2,681,000

FY Ending Actual Surplus

29,522,981 26,365,304 20,028,556 10,379,559

Days Cash

80 73 55 29 GENERAL FUND BUDGET

Day’s Cash Estimates discussed by Commissioners:

  • 5.3580 mills
  • No ATB/Merit in FY’21
  • Implement Option #1 from City Manager’s email

(Reduce GF outlay to service orgs by 50%)

Scenario #4

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SLIDE 10

FY'20 FY'21 FY'22 FY'23

FY Starting Surplus

26,663,650 29,424,062 25,073,602 17,844,755

Budgeted revenues

126,822,837 126,460,419 123,298,909 121,032,931

Budgeted expenses

134,794,506 134,557,653 134,557,653 135,230,441

Budgeted Surplus Generated / (Used)

(7,971,669) (8,097,234) (11,258,744) (14,197,510)

Budgeted Ending Surplus

18,691,981 21,326,828 13,814,858 3,647,245

Actual Revenues

(1,065,000) 885,000 1,163,000 3,847,000

Actual Expenses

11,797,081 2,861,774 2,866,897 2,705,000

FY Ending Actual Surplus

29,424,062 25,073,602 17,844,755 10,199,245

Days Cash

80 69 49 28 GENERAL FUND BUDGET

Day’s Cash Estimates discussed by Commissioners:

  • 5.3644 mills
  • Provide 1.5% ATB in FY’21 (No Merits offered)
  • Maintain $1m for land purchase for Station #3
  • Postponement of Station #3 Design & Construction

Scenario #5

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SLIDE 11

OTHER SCENARIOS OR QUESTIONS?