fy 2011 budget process overview of city manager’s budget proposal
DESCRIPTION
FY 2011 Budget Process Overview of City Manager’s Budget Proposal. ACPS School Board Thursday, February 18, 2010. City Operating Fund Summary. FY 2010 Approved Budget: $530.0 million FY 2011 Proposed Budget: $534.1 million $ Change: $4.1 million % Change: 0.8%. City Revenue Picture. - PowerPoint PPT PresentationTRANSCRIPT
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FY 2011 Budget ProcessFY 2011 Budget ProcessOverview of City Manager’s Budget Overview of City Manager’s Budget
ProposalProposal
ACPS School BoardACPS School BoardThursday, February 18, 2010Thursday, February 18, 2010
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City Operating Fund SummaryCity Operating Fund Summary
►FY 2010 Approved Budget: $530.0 millionFY 2010 Approved Budget: $530.0 million
►FY 2011 Proposed Budget: $534.1 millionFY 2011 Proposed Budget: $534.1 million
►$ Change: $4.1 million$ Change: $4.1 million
►% Change: 0.8%% Change: 0.8%
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Average Residential Assessed Value Since 1990
447,873
$0
$100
$200
$300
$400
$500
$600
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Th
ou
san
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Calendar Year
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City Revenue PictureCity Revenue Picture
► Total Real Estate Assessments: -7.45%Total Real Estate Assessments: -7.45%
► Real Estate: 56% of General Fund RevenueReal Estate: 56% of General Fund Revenue
► Real Estate Tax Rate: $0.973 vs. $0.903Real Estate Tax Rate: $0.973 vs. $0.903
► Even with 7 cents real estate property tax increase: Even with 7 cents real estate property tax increase: FY11 property tax revenues are almost same as in FY11 property tax revenues are almost same as in FY10FY10
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FY2011 City Transfer to ACPSFY2011 City Transfer to ACPS
► Requested By ACPS: $168.6 millionRequested By ACPS: $168.6 million
► Included in City’s Budget: $167.9 millionIncluded in City’s Budget: $167.9 million
► Difference: $0.7 millionDifference: $0.7 million
► City Transfer to ACPS: 31% of City Total Operating City Transfer to ACPS: 31% of City Total Operating Fund BudgetFund Budget
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Average City Revenue Per StudentAverage City Revenue Per Student
City Appropriation: Total and Per Student
$110,000,000
$120,000,000
$130,000,000
$140,000,000
$150,000,000
$160,000,000
$170,000,000
$180,000,000
FY 2007Actual
FY 2008Actual
FY 2009Actual
FY 2010 FinalBudget
FY 2011Proposed
Budget
Cit
y A
pp
rop
ria
tio
n
13,400
13,600
13,800
14,000
14,200
14,400
14,600
14,800
15,000
15,200
15,400
Cit
y A
pp
rop
ria
tio
n p
er
Stu
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City Appropriation City Appropriation per Student
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Three-Year Comparison of City Three-Year Comparison of City AppropriationAppropriation
FY 2011 Proposed
City Appropriation $167,953,749 $164,594,674 $168,559,439 Total Student Enrollment 11,225 11,623 12,002City Appropriation per Student
$14,962 $14,161 $14,044
Annual Change ($801) ($117)Change, FY2009 to FY2011 ($918)
FY 2009 Actual FY 2010 Actual
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Proposed Changes in City Proposed Changes in City CompensationCompensation
►Total decrease in FTE’s: 125.0Total decrease in FTE’s: 125.0
►Step: $2.8 millionStep: $2.8 million
►No Market Rate Adjustment (MRA) and No No Market Rate Adjustment (MRA) and No FurloughFurlough
►Health Care Premiums: 12% increase for Health Care Premiums: 12% increase for United Healthcare and 6% increase for Kaiser United Healthcare and 6% increase for Kaiser
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Proposed Changes in Health CareProposed Changes in Health Care
►Health Care Cost Sharing Rates: 13%-33% Health Care Cost Sharing Rates: 13%-33% Employee’s share of premiumsEmployee’s share of premiums
►Health Care Cost Sharing Rates will increaseHealth Care Cost Sharing Rates will increase§ Current Employees: 3% greater share in FY2011Current Employees: 3% greater share in FY2011§ New Employees: 20% of premium cost sharing New Employees: 20% of premium cost sharing
raterate§ Projected Savings: $0.75 millionProjected Savings: $0.75 million
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Proposed Changes in RetirementProposed Changes in Retirement
► Retirement Costs increased by 5.2% or $1.6 million Retirement Costs increased by 5.2% or $1.6 million (VRS & Supplemental)(VRS & Supplemental)
► Other Post Employment Benefits-OPEB: decreased Other Post Employment Benefits-OPEB: decreased by $1.0 millionby $1.0 million
► Estimated Unfunded Liability: $86.5 millionEstimated Unfunded Liability: $86.5 million
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City Budget Changes by Department City Budget Changes by Department From FY 2010 to FY 2011From FY 2010 to FY 2011
► Legislative & Executive: 4.4%Legislative & Executive: 4.4%
► Courts & Constitutional Officers: 2.1%Courts & Constitutional Officers: 2.1%
► Education: 2.0%Education: 2.0%
► General Government & Operating Agencies: 0%General Government & Operating Agencies: 0%
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Impact on ACPS & Alexandria ChildrenImpact on ACPS & Alexandria Children
► Education: 2% increaseEducation: 2% increase
► Public SafetyPublic Safety§ Creation of an Emergency Communication Department Creation of an Emergency Communication Department § 1.4% increase for Fire Department1.4% increase for Fire Department§ 2.7% increase for Building & Fire Code2.7% increase for Building & Fire Code§ Creation of an Emergency Communication DepartmentCreation of an Emergency Communication Department§ -2.8% for Police Department-2.8% for Police Department
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Impact on ACPS & Alexandria ChildrenImpact on ACPS & Alexandria Children
► Health & WelfareHealth & Welfare§ -3.5% for human services-3.5% for human services§ 6.5% increase for mental health/mental retardation/substance abuse 6.5% increase for mental health/mental retardation/substance abuse
servicesservices§ 2.6% increase for health department2.6% increase for health department
► Library: 2.8% increaseLibrary: 2.8% increase
► Parks, Recreational and Cultural Services: 1.9% increaseParks, Recreational and Cultural Services: 1.9% increase
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TimelineTimeline
►School Board Adopts Budget on March 4School Board Adopts Budget on March 4►City Council announces tax rate changes for City Council announces tax rate changes for
advertising purposes on March 13advertising purposes on March 13►Joint City Council School Board meeting on Joint City Council School Board meeting on
March 15March 15►Late March?: State budget adoptedLate March?: State budget adopted