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2016 Municipal Budget Highlights – 11/17/15

Current Fiscal Year 

•

2015 General Fund Revenue expected at $53 million (excluding advances in)exceeding !udget "orecast !# % ($&' million)

• 2015 General Fund xpenditures estimated at $53 million

• 2015 *ropert# +ax collection remained static in 2015 compared to 201&

• ,ncome tax collections currentl# 5 % positive variance compared to 201& t-roug-

.cto!er Year/end collections expected to exceed 201& !# 3%

Revenue

• 2015 estimated revenue proections are $&2 million -ic- euates to 2011

actual

• $3' million income tax revenue "orecast "or 201

• 4ta!le propert# tax collections

• 4ta!le state s-ared revenues including GF distri!ution

xpenditures

• 4trong mp-asis on Road Construction6

7eisle# Road 8idening *-ase 3 Completion*la9a RR Crossings and Road Completion4R 30 Resur"acing "rom 4R'& to a:es-ore ($3' million);iamond Center Rig-t/+urn ane xtension < ($230000);iamond Center e"t +urn ane onto 7eisle# design and R.8

($3=5000)>ac:son 4treet Resur"acing 7eisle# to ?entor ($00000)4R '& Resur"acing !@ Gar"ield and 4R 30 ($55000)Center 4treet Aridge ;ec: Resur"acing ($550000)Gar"ield Road Aridge B 0 ;ec: Resur"acing ($&&0000)?entor venue at ucretia Court (Gar"ield *ar:) ,ntersection idening($&35000)Road Repair and Resur"acing *rogram ($15 million)

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• Continued emp-asis on storm ater proects and planning6

+o/+on ;etention Facilit# *lanning

;ale Rice ;etention Facilit# and *urc-ase@;esign ($2=0000)4eminole +rail storm replacement !@ a:e 4-ore and ,v# Court($2&0000)?urra# venue storm replacement !@ Forestvie and ?entor ve($=&000)7unterDs 8ood@,0 ;itc- A#pass ($110000)?idland Road storm replacement < design ($'0000)?aor ;rainage C-annel ?aintenance ($100000);rainage ssistance *rogram ($55000)Continue 4anitar# Aac:up *rotection Grant *rogram ($50000)Continue 5/#ear storm seer cleaning@televising program

• .t-er signi"icant improvements to include6

Civic Center mpit-eater Replacement ($'20000)+ie"en!ac- *ar: 4:ate *ar: ($55000) Eeell Cree: Ai:ea# Construction ($500000)*edestrian 4a"et# 4ideal: *rogram / 8ard 3 ($200000)Alac: Aroo: GC ?aintenance Facilit# Replacement ($150000)*ar: and cuisition ($300000)+ree *lanting ($&0000)

• Capital uipment

*u!lic 8or:s ;ump +ruc:s ($300000)*u!lic 8or:s 4treet 4eeper ($2=0000)*olice Cruisers (=) ($30=000)Rescue 4uad 4tation & ($2'0000)Recreation ?oers@*ic:up ($'0000)Cit#ide *-one 4#stem ($30000)Replace Gol" Cart Fleet ($25000)

• .t-er Eoteort-# xpenditures

7ealt- ,nsurance premium programmed at 10% increase ($500000)Financial 4o"tare Replacement ($350000)Road 4alt ($3=0000)?entor Cit#Fest ($100000)7eadlands Aeac-"est ($25000)

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xpectations

• Retain strong unreserved General Fund !alance < $12 million B 12@31@1

• ?aintain a1 !ond rating

• *ossi!le !ond mar:et entr# in 201 "or *la9a Alvd xtension completion and

+o +on ;etention possi!le s-ort/term entr# "or Route 30 resur"acing

• ?aintain 33% reserve "or potential lia!ilities in 8or:ers Compensation Fund

• ,n *a#roll 4ta!ili9ation Fund "und severance "or 100% o" potentiall# eligi!le

emplo#ees in 201 !udget #ear and continue 1@11t- annual "unding "or 2=t- pa#roll 

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