FY13 Proposed City of College Station Budget

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FY13 Proposed City of College Station Budget

  1. 1. City of College Station FY 2012-2013Proposed Budget Overview August 9, 2012 1
  2. 2. Mission Statement On behalf of the citizens of CollegeStation, home of Texas A&M University, we will continue to promote and advance the community’s quality of life. 2
  3. 3. Council Strategic InitiativesFinancially Sustainable CityCore Services and InfrastructureNeighborhood IntegrityDiverse Growing EconomyImproving MobilitySustainable City 3
  4. 4. FY 2012-2013 Proposed BudgetOperations & Maintenance $212,643,409Total Capital $40,490,202Total Proposed Net Budget $253,133,611 4
  5. 5. Key Budget Points Aligning our resources andpriorities for the long term future of College Station 5
  6. 6. Key Budget PointsModest economic recovery resulting in:– Positive property values, and sales tax revenueOrganization restructuring and streamlining– Provide funding for Public Safety and other core servicesContinuing implementation of reductions inElectric Utility transfer 6
  7. 7. Key Budget PointsProviding competitive and sustainable pay andbenefitsMaintaining priority service levelsContinuing to invest in capital infrastructure 7
  8. 8. Modest Economic RecoveryProperty Values– Certified values $5,944,312,987 Increase of 3.6%– Proposed tax rate is 43.0687 cents. This is the effective tax rate Current tax rate is 43.7995 cents. 8
  9. 9. Proposed Property Tax Rate Provide funding for: Debt Service Operations and Maintenance Approved Change Proposed FY 12 FY 13Debt Service 20.1536 (0.5901) 19.5635Operations and Maint. 22.6459 (0.1407) 23.5052 43.7995 (0.7308) 43.0687 9
  10. 10. Modest Economic RecoverySales Tax– During recession sales tax revenues slowed– FY 12 sales tax projected to be higher than forecast $21.3 million– FY 13 growth rate is 2% $21.7 million Uncertainty in economy 10
  11. 11. Organization Restructuring and StreamliningBudget reductions– $7.6 million over the last 4 years– 53.75 positions eliminated in FY 11 - FY 13– 10 of these removed from the proposed FY 13 budget. 11
  12. 12. Organization Restructuring and StreamliningPublic Safety– Increased public safety by 43 positions from FY 09 – FY 13– Includes 8 additional Police public safety positions proposed in FY 13. 12
  13. 13. Continuing Implementation ofElectric Utility Transfer Policy In 2011 changed policy to reduce transfer from Electric Fund Reduce to 6% franchise level – FY 12 $2 million reduction – FY 13 $ 1 million reduction Avoided electric rate increase in FY 12 and FY 13 13
  14. 14. Competitive and Sustainable Pay and BenefitsAttract and retain well qualified workforceCompensation and Benefits Ad HocCommittee purpose– Review compensation and benefit policies and philosophy including: Compensation Retirement Health Care Retiree Heath 14
  15. 15. Competitive and Sustainable Pay and BenefitsPay Plan– 2.5% Performance Pay– Continue Police Step PlanRetirement - TMRS– Maintain core components 7% employee contribution 2 to 1 match– Propose changes to 2 provisions Updated Service Credits 100% to 75% Cost of Living Adjustment (COLA) 70% to 50% 15
  16. 16. Providing Competitive andSustainable Pay and BenefitsHealth Insurance – Review plan design – Attempt to hold costs – Wellness programs – Increased City/employee contributions as necessary – Impacts of health care policy changes unknown 16
  17. 17. Maintaining Priority Service LevelsPublic Safety– Additional Police resources– Fire Station #6 openingStreets and Transportation– Street Maintenance– Traffic and TransportationOther areas 17
  18. 18. Maintaining Priority Service LevelsUtilities– Electric– Water– Wastewater– Sanitation– Drainage 18
  19. 19. Continuing to Invest in Capital InfrastructureStreets and TransportationParks and RecreationTechnologyUtility Projects– Electric, Water, Wastewater, Drainage 19
  20. 20. Financial ForecastShow future impact of current decisionsFiscal and budgetary policiesRevenue assumptions– Property values and tax rate decisions– Sales tax revenue estimates– Completing utility transfer policy change 20
  21. 21. Financial ForecastExpenditure assumptions– Limited new services– Capital project operations and maintenance– Public safetyAligning resources and priorities for longterm future of College Station 21
  22. 22. Proposed Budget AssumptionsBase budget funds current service levels– Budget reductions– Pay plan/retirement/health insurance costsService level increases– Additional Police resources– Streets and Transportation 22
  23. 23. Proposed Budget AssumptionsFY 13 budget impacted by more positiveeconomic conditionsBudget reductionsEffective tax rate of 43.0687 proposed– Lower than current rate of 43.7995Complete electric transfer policy change 23
  24. 24. Proposed Budget AssumptionsNo electric rate increase proposedNo water, sanitation or drainage rateincrease5% wastewater rate increase 24
  25. 25. Key Budget Decisions Funding levels for City services Not all needs are addressed Tax rate  Effective rate proposed Utility rates 25
  26. 26. Budget Review Format Propose reviewing key policy areas Review at the fund level Streamline time needed to review the Budget 26
  27. 27. Calendar Thursday August 9 – Present Proposed Budget Thursday August 16 - Budget Workshop #1  Citywide Budget Issues  General Fund  Other Governmental Funds  General Government Capital Projects Friday August 17 - Budget Workshop #2  Enterprise (Utility) Funds 27
  28. 28. Calendar Monday August 20 - Budget Workshop #3  Special Revenue Funds  Internal Service Funds  Outside Agencies  Discuss Tax Rate If Needed  Tuesday August 21 and Wednesday August 22 28
  29. 29. Calendar Thursday August 23  Public Hearing on Budget Thursday September 13  Adopt Budget and Tax Rate 29
  30. 30. Council Discussion 30

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