Proposed 2018 Budget Presentation Bristol Township Council President - Craig Bowen Council Vice-President – Cynthia Murphy Councilman Howard Allen Councilman - Patrick Antonello Councilman - Joe Glasson Councilman - John Monahan Councilwoman – Maryann Wagner Township Manager -William J. McCauley, III December 7, 2017
2018 BUDGET SCHEDULE • 2018 budget request forms distributed to department heads on September 14. Dept. heads submit expenditure estimates (October 7). • 2018 Budget Distributed to Council and public on November 14 • 2018 Budget Public Hearings: November 14 (first reading) December 7 (presentation) • Adoption of proposed 2018 budget: December 7 or December 21
BUDGET HIGHLIGHTS • No fund balance being proposed as revenue in the balanced General Fund operating budget for the sixth consecutive year=BALANCED BUDGET. • NO REAL ESTATE TAX INCREASE (Real estate tax decrease in 2012, 2015 and no increase in 2013, 2014, 2016, 2017, and 2018) • Proposed budget reflects a 13% increase (all funds) over the 2017 adopted budget. • Continue to invest in infrastructure . $2 million for gateway beautification projects, $1 million for blight removal, and $4 million for expansion of municipal complex park. • liabilities 2 $76,475,204 million in unfunded despite having gone to Act 111 Arbitration. 2: Total = $76,475,204 includes post employment benefit plan, Police Pension Trust Fund, and accrued leaves . Breakdown is as follows: Post employment benefit plan ($66,464,278), Police Pension Trust Fund ($6,538,930), Accrued Leave ($3,471,996)
COMPARISON BETWEEN 2017 ADOPTED & 2018 PROPOSED BUDGET % Change Township Fund 2017 Adopted 2018 Proposed Increase/Decrease from Budget Budget from Previous Year Previous Year General Fund $ 23,888,500.00 $ 21,186,000.00 $ (2,702,500.00) (11%) Education Service Agency $ 170,900.00 $ 183,300.00 $ 12,400.00 7% Street Lights $ 805,000.00 $ 728,500.00 $ (76,500.00) (10%) Fire $ 1,177,800.00 $ 1,146,400.00 $ (31,400.00) (3%) Rescue $ 227,300.00 $ 230,400.00 $ 3,100.00 1% Parks $ 793,100.00 $ 469,800.00 $ 323,300.00 (41%) Grants $ 820,000.00 $ 1,074,800.00 $ 254,800.00 31% Capital Projects $ 5,364,000.00 $ 12,730,000.00 $ 7,366,000.00 137% Debt $ 2,138,000.00 $ 2,756,400.00 $ 618,400.00 29% Refuse $ 5,281,400.00 $ 7,198,700.00 $ 1,917,300.00 36% Liquid Fuels $ 1,915,000.00 $ 2,750,000.00 $ 835,000.00 44% Community Development $ 944,200.00 $ 1,042,600.00 $ 98,400.00 10% Sewer $ 11,749,180.00 $ 11,079,500.00 $ (669,680.00) (6%) Total Budgets $ 55,274,380.00 $ 62,576,400.00 $ 7,302,020.00 13%
GENERAL FUND OPERATING RESULTS (Revenues-Expenses)/Revenues 20% 15% 10% 5% 0% -5% Operating Results -10% Balanced -15% Fund(Trigger) -20% -25% 2012 2013 2014 2015 2016 2017 2018 Balanced Fund Year Surplus/(deficit) (Trigger) 2012 $1,544,910.00 3.30% 2013 $2,123,021.00 7.50% 2014 $3,390,999.00 9.39% 2015 $(4,251,452.00) 15.61% 2016 $ 252,650.00 1.12% 2017 - 0 - 0.00% 2018 -0- 0.00%
GENERAL FUND REVENUES Highlights • General Fund revenues will be $21,186,000 and expenditures will be $21,186,000 (11% decrease from 2017 budget). 1 • 2018 General Fund budget proposes to balance the budget without using any fund balance as operating revenue. • Net revenues are slightly more than 2017 levels. 2 1: No significant transfers of general fund revenue to capital fund proposed in 2018. 2: Largely due to efficient collection of EIT, LST,R/E transfer taxes and various fees.
GENERAL FUND REVENUES Bristol Township Net General Fund Revenues 2013 to 2018 2013 ACTUAL 2014 ACTUAL 2015 ACTUAL 2017 ADOPTED 2016 ACTUAL 2018 PROPOSED $22,610,670 $21,720,179 $21,946,394 $22,489,671 $23,888,500 $21,186,000 TOTAL REVENUES $1,060,069 $300,000 $400,000 $460,000 $3,735,000 $535,000 INTERFUND TRANSFERS $21,550,601 $21,420,179 $21,546,394 $22,029,671 $20,153,500 $20,651,000 NET REVENUES $1,148,725 ($130,422) $126,215 $483,277 ($1,876,171) $497,500 INCREASE(DECREASE) 5.63% (.6%) .58% 2.24% (8.52%) 2.47% PERCENTAGE
GENERAL FUND REVENUES 2018 % Change Surplus/Deficit General Fund Revenue from 2017 Adopted 2018 Proposed % of Total from Previous Source Previous Year Year 23,888,500.00 21,186,000.00 N/A (2,702,500.00) (11.31%) Total Revenue 7,558,000.00 7,611,000.00 35.92% 53,000.00 0.70% Real Property Taxes 2,191,000.00 2,331,000.00 11.00% 140,000.00 6.39% Local Enabling Taxes 6,100,000.00 6,250,000.00 29.50% 150,000.00 2.46% Earned Income Taxes 2,662,200.00 2,756,200.00 13.01% 94,000.00 3.53% Business License & Permits 646,700.00 671,700.00 3.17% 25,000.00 3.87% State Shared Revenue 0.00 0.00 0.00% - - Capital & Operating Grants 328,100.00 354,600.00 1.67% 26,500.00 8.08% Miscellaneous 190,500.00 190,500.00 0.90% - - Charges for Services 477,000.00 486,000.00 2.29% 9,000.00 1.89% Fines & Forfeits 0.00 0.00 0.00% - 0.00% Debt Proceeds 3,735,000.00 535,000.00 2.53% (3,200,000) (85.68%) Interfund Transfer
GENERAL FUND REVENUES 2018 1.67% 2.29% 0.00%2.53% 0.90% 0.00% 3.17% Real Property Taxes 13.01% 35.92% Local Enabling Taxes Earned Income Taxes Business Licenses & Permits State Shared Revenue Capital & Operating Grants Miscellaneous Charges for Services 29.50% Fines & Forfeits 11.00% Debt Proceeds Interfund Transfers
GENERAL FUND EXPENDITURES Highlights • Investment in public safety: Hire two full-time police officers • Continued investment in technology to improve productivity
GENERAL FUND EXPENDITURES Bristol Township Net General Fund Expenditures (2013 to 2018) 2013 ACTUAL 2014 ACTUAL 2015 ACTUAL 2016 ACTUAL 2017 ADOPTED 2018 PROPOSED $20,487,649 $18,329,180 $26,197,846 $22,237,021 $23,888,500 $21,186,000 TOTAL EXPENDITURES $890,816 $3,423,850 $3,777,200 $221,900 $2,828,290. $7,832,078 INTERFUND TRANSFERS $17,659,359 $17,438,364 $18,365,768 $18,813,171 $20,111,300 $20,964,100 NET EXPENDITURES ($220,995) $447,403 $1,298,129 $852,800 ($1,219,977) $927,404 INCREASE(DECREASE) (6.46%) (1.25%) 5.32% 2.43% 6.90% 4.24% PERCENTAGE
GENERAL FUND EXPENDITURES ( 2018) % Change Surplus/Deficit General Fund % of Total GF from 2017 Adopted 2018 Proposed from Previous Expenditures Expenditures Previous Year Year $9,100,700.00 $9,744,700.00 46.48% $644,000.00 7.00% Salaries $303,500.00 $317,500.00 1.51% $14,000.00 5.00% FICA Benefits $7,142,300.00 $7,350,200.00 35.06% $207,900.00 3.00% Total Personnel $16,546,500.00 $17,412,400.00 83.06% $865,900.00 5.00% Related Costs Operating $3,564,800.00 $3,551,700.00 16.94% $(13,100.00) (.37%) Expenditures Total Expenditures $20,111,300.00 $20,964,100.00 N/A $852,800.00 4.24%
GENERAL FUND EXPENDITURES ( 2018) 16.94% 46.49% Salaries FICA Benefits Operating Expenses 35.06% 1.51%
CAPITAL FUND Highlights • 2018 total proposed budget for the Capital Fund is $12,730,000 an increase of $7,366,00 over the 2017 budget of $5,364,000 • Borrowed $10 million from Delaware Valley Regional Finance Authority in July 2017 • Transferred $3 million to debt fund to pay off loans
CAPITAL FUND Highlights • Development of municipal complex parkland ($4 million)
CAPITAL FUND Highlights • Development of municipal complex parkland ($4 million)
CAPITAL FUND Highlights Cedar Avenue Park
CAPITAL FUND Highlights
CAPITAL FUND Highlights • Township Gateway Beautification Project – $2 million • Blight Elimination ($1 million) • Upgrade of five intersections/traffic signals • Spray Park at Policeman’s Park ($700,000) • Wistar Avenue Bridge ($850,000) • Other capital projects computer upgrades ($60,000) document scanning technology ($150,000), and new police cars ($165,000) provide “Glasson Grants” ($100,000) to volunteer fire companies and public works bucket truck ($100,000)
BRISTOL TOWNSHIP MILLING & PAVING Program Summary ROADS MILES COST 2012 36 8.4 $1,259,940 2013 162 35.8 $4,255,722 2014 99 25.0 $3,529,988 2015 130 32.3 $4,421,213 2016 50 14.6 $1,979,952 2017 11 3.36 $368,132 Total 488 119.46 $15,814,947 2018 15 10 $1,500,000 GRAND TOTAL 503 129.46 $17,314,947 * The Public Works Department has also paved approximately 2 miles of Township highways between 2012 and 2014.
CAPITAL PROJECTS Highlights
RECREATION FUND 5 Year 2014 Actual 2015 Actual 2016 Actual 2017 (Adopted) 2018(Proposed) Aggregate Total Revenues $430,255.00 $427,929.00 $445,211.00 $793,100.00 $469,800.00 $2,566,295.00 Total Expenses $385,625.00 $359,484.00 $312,373.00 $793,100.00 $469,800.00 $2,320,382.00 Surplus/(Deficit) $44,630.00 $68,445.00 $132,838.00 - - ____$245,913.00
REFUSE FUND 5 Year 2014 Actual 2015 Actual 2016 Actual 2017 Adopted 2018 Proposed Aggregate $5,430,451.00 $5,311,461.00 $5,557,006.00 $5,281,400.00 $7,198,700.00 $28,779,018.00 TOTAL REVENUES $4,274,562.00 $4,520,637.00 $4,837,488.00 $5,281,400.00 $7,198,700.00 $26,112,787.00 TOTAL EXPENSES $1,155,889.00 $790,824.00 $719,518.00 - - $2,666,231.00 SURPLUS/(DEFICIT)
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