town of orono fy2014 draft municipal budget presentation june 10, 2013
TRANSCRIPT
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TOWN OF ORONOFY2014 Draft Municipal Budget PresentationJune 10, 2013
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What Does the Budget Do?
•Describes the annual proposed plan of work & projects associated costs; •Determines the amount of money that needs to be collected from taxpayers to fund municipal services; and• Is part of the formula used to establish the tax (or mil) rate.
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Components of Tax RateMunicipal Budget
•Departmental Operations (Municipal Services)•Proposed Capital Projects (Infrastructure Improvements)•Municipal Debt Obligations (Previously Approved by Council) •Appropriations to Reserve (Saving for Future Capital Needs)
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Components of Tax RatePenobscot County Tax Assessment
•Separate Budget Process •County Commissioners Adopt Budget•Mandatory Assessment to Penobscot County Towns•Calculated by Valuation-Based Formula
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Components of Tax RateRSU #26 Assessment
•Separate Budget Process
•RSU Budget Meeting (5/27/2014)
•Referendum Election to Ratify School Budget Meeting Results (6/10/2014)
•Mandatory Assessment
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2015 Proposed BudgetMu-nicipal36%
RSU #2659%
County5%
Chart Title
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Proposed Tax Rate SummaryFY2015 vs. FY2014•Municipal Budget $ 99,872
•RSU #26 Assessment $100,277
•Penobscot County Tax $ 17,551
Net Change to Tax Commitment $217,699 (2.24%)
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Municipal Budget Components
• General Funds• Special Revenue Funds• Tax Increment Financing Funds• Capital Improvement Budget• Special Project (Bond Funds)• Enterprise Funds (WPCF)
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Net General Fund Budget is the municipal component of
the tax rate.
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2015 Municipal BudgetGeneral Fund Expenditure Summary
•Operations $6,168,883
• Self-Funded Programs 91,088
• Capital & Reserve 757,178
•Debt Obligation 411,167
• Contingency 10,000
• Total $7,438,316
Up a total of $220,520 (or 3.06%)
over FY14
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2015 Municipal Budget General Fund Revenue Summary
• General Revenue $2,325,428
• Self-Funded Programs 91,088
• Intergovernmental 877,500
• Special Fund Reserves 28,500
• Fund Balance Transfer 350,000
• Total $3,672,516
Up a total of $36,169 (or 0.99%)
over FY14
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2015 Municipal BudgetNet Summary - (General Fund)
•Operations $2,481,061
•Capital & Reserve 728,678
•Debt Obligation 411,167
•Total $3,620,906
Up a total of $99,872
(or 2.84%) over FY14
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Municipal Budget HighlightsGeneral Fund Operations
Maintains Existing Service Levels
Reduces Personnel by 50% FTE
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Projected FY15 Tax Rate
$23.95 per $1,000 Taxable Valuation
• Municipal Services 8.73
• School Assessment 14.02
• County Assessment 1.20
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Tax Rate ComparisonFY15 vs. FY14
Increase of $0.75/ $1,000 Taxable Valuation
•Municipal Services $0.32
• School Assessment $0.37
• County Assessment $0.06
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FY15 Tax Rate Calculation
Tax Rate =
Net Municipal, County & School CostAssessed Non-TIF District Valuation
Loss of $4M in Valuation results in approximately $0.23 of total tax rate increase
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Taxpayer Impact (by Taxable Value)FY15 vs. FY14
Town School County Total
$ 100,000 $ 32 $ 37 $ 6 $ 75
$ 150,000 $ 48 $ 55.50 $ 9 $112.50
$ 200,000 $ 64 $ 74 $ 12 $150
$ 250,000 $ 80 $ 92.50 $ 15 $187.50
$ 300,000 $ 96 $ 111 $ 18 $ 225
$ 350,000 $ 112 $ 129.50 $ 21 $262.50
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Capital ImprovementFY2015 Budget
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2015 Municipal BudgetCapital Budget Expenditure Summary
• Capital Equipment $349,178
• Capital Infrastructure 732,500
• Capital Facilities 119,000
• Capital Reserve 65,000
• Total $1,265,678
Up a total of $424,078 (or 50.3%)
over FY14
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2015 Municipal Budget Capital Budget Revenue Summary
• General Taxes $757,178
• Reserves 302,500
• Trade-In/Surplus Sale 33,000
• Grants 173,000
• Total $1,265,678
Draw on General Fund
Taxes up a total of
$157,578 (or 26.28%)
over FY14
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2015 Municipal BudgetNet Summary - (Capital Budget)
•Equipment $ 88,178
• Infrastructure 532,500
•Facilities 71,500
•Reserve 65,000
•Total $757,178
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Municipal Budget HighlightsCapital Projects - Equipment• Fire Engine
•Capital Repairs to Fire Chief Vehicle
•Police Cruiser
•Police Technology Upgrade
•Police Firearms Replacement
•Public Works Truck (10 Wheeler)
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Municipal Budget HighlightsCapital Projects - Infrastructure
• Island Avenue Drainage, Street, & Sidewalk
• Kelley Road Extension Rehabilitation
• Crosby Street Reclaim (Planning/Design)
• Fiber Optics Last Mile Project
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Municipal Budget HighlightsCapital Projects - Facilities
• Birch Street School Pedestrian Footbridge Decking
• Library Staff Work Area & Community Room Renovations
• Library Landscaping Project
• Police Patrol Room Renovation
• Public Safety Building Roof
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Municipal Budget HighlightsCapital Projects - Reserves
• Capital Equipment Reserves
• Library Maintenance Reserve
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Tax Increment Financing DistrictsFY2015 Budget
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TIF Funds Budget is the budgeted usage and appropriation to
Town’s Tax Increment Financing Districts
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2015 Municipal BudgetTIF Funds Summary
Projected Revenue $762,070
Budgeted Expenses
• Economic Dev. Salary 91,581
• Contractual 95,572
• CEAs 159,868
• Debt Service 350,005
Total Budgeted Expenses $697,026
Net Retained in Funds $ 65,045
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2015 Municipal BudgetDowntown & Transit Oriented TIF Fund Summary
Projected Revenue $464,115
Budgeted Expenses 439,749
Net Retained in Funds $24,366
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2015 Municipal BudgetMaine Tech Park (SRD) TIF Fund Summary
Projected Revenue $37,212
Budgeted Expenses 30,178
Net Retained in Funds $7,034
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2015 Municipal BudgetEnvisioNet TIF Fund Summary
Projected Revenue $109,370
Budgeted Expenses 82,505
Net Retained in Funds $26,864
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2015 Municipal BudgetDirigo Pines TIF Fund Summary
Projected Revenue $106,173
Budgeted Expenses 106,173
Net Retained in Funds $0
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2015 Municipal BudgetWebster Point TIF Fund Summary
Projected Revenue $45,201
Budgeted Expenses 38,421
Net Retained in Funds $6,780
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Special Revenue FundsFY2015 Budget
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Special Revenue Fund Budget is the budgeted usageand appropriation to
Town’s Reserves
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2015 Municipal Budget Special Revenue Fund Budget Summary
Appropriations to Fund $ 563,820
Usage of Fund $1,033,305
Net Increase/(Decrease) ($469,485)
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Special Projects (Funded by Bond)FY2015 Budget
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WPCF Budget Highlights
New Public Works Facility $5,625,000
Rehabilitation of Existing Pine Street Parking Lot & Stabilization of the Gully on Pine Street
$350,000
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Water Pollution Control FacilityFY2015 Budget
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Departmental Overview
The Water Pollution Control Facility (WPCF) operates as a separate
proprietary fund. Its operation is funded through revenue derived from user fees,
operations, and grants….
Not through the property tax.
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WPCF Budget Highlights
Maintains Current Service Level
Continued Capital Expenditure & Reserve Appropriations
Maintains Current User Rates
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WPCF – Expense Summary
•Operations $ 842,611•Reserve Appropriations $ 272,935•Debt $ 506,000•Total Operating Budget $1,621,546
•Capital Improvements $325,500
•Grand Total $1,947,046
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WPCF Expenses – FY14 v. FY13
•Operating Budget ($ 2,471)•Capital Debt ($126,780)•Capital Reserve Funding $147,935•Capital Budget $ 98,730
• TOTAL CHANGE: $117,414
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Sewer User Fees – No ChangeConsumption Minimum
Rate/100 cu ft Charge/Qtr2010 $4.44 $53.28
2011 $4.54 $54.48
2012 $4.54 $54.48
2013 $4.54 $54.48
2014 $4.54 $54.48
2015 $4.54 $54.48