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170727 Budget Workshop 4

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FY 2017-18 Proposed Budget presentation to the Lubbock City Council on July 27, 2017.

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170727 Budget Workshop 4

  1. 1. 27 July 2017 Budget Workshop #4
  2. 2. Special Revenue Funds Fiscal Year 2017‐18 Operating Budget & Capital Program 2
  3. 3. Summary of All Funding Sources 3 Actual Actual Actual Amended Budget % Change SPECIAL REVENUE FUNDS FY 2013‐14 FY 2014‐15 FY 2015‐16 FY 2016‐17 FY 2017‐18 from Amended Abandoned Vehicles 723,961$          822,577            828,109            600,000         811,400         35.2% Animal Assistance Program 136,155            121,641            134,150            112,000         125,000         11.6                   Cable Services Fund 605,641            631,344            617,676            677,188         701,677         3.6                     Central Business District Tax Increment 728,248            977,340            1,071,369         1,162,208      1,488,614      28.1                   Community Development 3,491,765         2,820,886         3,136,391         2,802,540      2,775,718      (1.0)                    Criminal Investigation Fund 465,949            553,490            514,890            386,783         547,179         41.5                   Department of Justice Asset Sharing 123,890            562                   53,863              25,000           ‐                 (100.0)                Economic Development 3,491,214         3,098,763         3,256,280         3,426,838      3,615,035      5.5                     Emergency Management 457,643            458,598            503,696            434,093         ‐                 (100.0)                Gateway Streets 8,199,853         8,429,183         8,402,503         8,311,498      8,222,555      (1.1)                    Hotel Occupancy Tax 6,276,688         6,823,165         6,878,342         6,879,428      7,211,829      4.8                     Juvenile Case Manager 20,195              34,800              30,028              32,144           ‐                 (100.0)                Lubbock Business Park TIF 372,222            360,806            477,727            479,751         477,347         (0.5)                    Lubbock Economic Development Alliance 5,387,578         5,669,778         5,664,843         5,803,025      5,936,345      2.3                     Municipal Court 277,932            275,875            221,540            236,890         219,816         (7.2)                    North and East Lubbock Fund 724,530            523,617            472,037            164,899         354,900         115.2                 North Overton Public Imp. District 570,939            586,441            573,392            663,000         777,804         17.3                   North Overton TIF 3,934,831         4,062,224         4,165,518         4,619,339      5,790,937      25.4                   North Point Public Improvement District 85,104              95,354              112,844            433,087         190,884         (55.9)                  Quincy Park Public Improvement District 52,887              73,082              99,234              117,032         233,094         99.2                   Valencia Public Improvement District 6,462                8,580                12,489              12,764           19,468           52.5                   Vintage Public Improvement District 271,613            186,432            181,748            193,179         192,778         (0.2)                    TOTAL SPECIAL REVENUE FUNDS 36,405,301$     36,614,539       37,408,671       37,572,685    39,692,380    5.6%
  4. 4. Appropriation Summary by Fund 4 Actual Actual Actual Amended Budget % Change SPECIAL REVENUE FUNDS FY 2013‐14 FY 2014‐15 FY 2015‐16 FY 2016‐17 FY 2017‐18 from Amended Abandoned Vehicles 723,961$        822,577          714,364         599,860         741,668         23.6% Animal Assistance Program 102,275          72,713            81,360           110,179         97,339           (11.7)                 Cable Services Fund 31,185            36,186            72,520           677,188         500,000         (26.2)                 Central Business District Tax Increment 399,641          582,682          953,873         1,162,208      1,488,614      28.1                  Community Development 3,345,354       2,755,183       3,019,631      2,802,540      2,775,718      (1.0)                   Criminal Investigation Fund 465,949          243,186          514,890         386,783         547,179         41.5                  Department of Justice Asset Sharing ‐                 ‐                 53,863           25,000           ‐                 (100.0)               Economic Development 3,491,214       3,094,790       3,256,280      3,426,838      3,615,035      5.5                    Emergency Management 453,283          458,598          503,696         434,093         ‐                 (100.0)               Gateway Streets 8,199,853       8,353,469       8,402,503      8,311,498      8,222,555      (1.1)                   Hotel Occupancy Tax 6,276,688       6,823,165       6,878,342      6,879,428      7,211,829      4.8                    Juvenile Case Manager Fund ‐                 ‐                 ‐                 ‐                 ‐                 ‐                    Lubbock Business Park TIF 6,584              13,909            12,568           15,769           12,853           (18.5)                 Lubbock Economic Development Alliance 5,387,578       5,669,778       5,664,843      5,803,025      5,936,345      2.3                    Municipal Court 277,932          275,875          221,540         227,317         207,362         (8.8)                   North and East Lubbock Fund ‐                 523,617          472,037         164,899         354,900         115.2                North Overton Public Imp. District 416,249          480,895          434,034         663,000         774,925         16.9                  North Overton TIF 3,246,720       3,217,169       3,044,490      3,365,738      4,934,850      46.6                  North Point Public Improvement District 29,200            20,231            34,270           433,087         190,884         (55.9)                 Quincy Park Public Improvement District 14,610            6,913              26,623           117,032         233,094         99.2                  Valencia Public Improvement District 3,308              3,342              3,697             4,725             4,925             4.2                    Vintage Public Improvement District 271,613          178,144          173,097         193,179         192,778         (0.2)                   TOTAL SPECIAL REVENUE FUNDS 33,143,198$   33,632,424     34,538,523    35,803,386    38,042,853    6.3%
  5. 5. Abandoned Vehicle Highlights Revenue • Total revenues increased $211,400 Expenditures • Budgeted expenditures increased  $141,808 • Supplies increased $191,668 • Crime scene scanning system for mapping  scenes in 3D • Auction software • Professional Services increased $100,000 • Projected increase in towing services • Transfer to General Fund decreased  $149,800 • Equipment debt was paid off in FY 2017‐18 5 0.00 0.10 0.20 0.30 0.40 0.50 0.60 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 ($millions) COMPOSITION OF EXPENDITURES Professional Services Other Charges Transfer to General Fund Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Interest Earnings ‐$                       1,400                 ‐                     Sale of Vehicles 600,000             810,000             35.0                   Total Revenue Sources 600,000             811,400             35.2                   TOTAL FUNDING SOURCES 600,000             811,400             35.2                   EXPENDITURES Supplies ‐                     191,668             ‐                     Professional Services 450,000             550,000             22.2                   Other Charges ‐                     ‐                     ‐                     Transfer to General Fund 149,860             ‐                     (100.0)                TOTAL EXPENDITURES 599,860$           741,668             23.6                   FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 209
  6. 6. Animal Assistance Highlights Revenue • Total revenues increased $13,000 Expenditures • Budgeted expenditures decreased  $12,840 • Compensation and Benefits  increased $235 • Professional Services/Training  decreased $13,075 6 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 211 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 ($millions) COMPOSITION OF EXPENDITURES Compensation Benefits Professional Services / Training Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Interest Earnings ‐$               ‐             ‐                    Animal Licensing and Registration 112,000     125,000     11.6                  Total Revenue Sources 112,000     125,000     11.6                  Utilization of Net Assets ‐             ‐             ‐                    TOTAL FUNDING SOURCES 112,000     125,000     11.6                  EXPENDITURES Compensation 17,190       17,522       1.9                    Benefits 9,914         9,391         (5.3)                   Professional Services / Training 83,075       70,000       (15.7)                 Compensation Adjustment ‐             426            ‐                    TOTAL EXPENDITURES 110,179$   97,339       (11.7)                
  7. 7. Cable Services  Highlights Revenue • Total revenues increased $74,489 Expenditures • Budgeted expenditures decreased  $177,188 • Funding is appropriated to cover  video and other equipment related  to the government access channel 7 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 213 Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Interest Earnings ‐$               21,273       ‐                    Cable Services Fee 627,188     680,404     8.5                    Total Revenue Sources 627,188     701,677     11.9                  Utilization of Net Assets 50,000       ‐             (100.0)               TOTAL FUNDING SOURCES 677,188     701,677     3.6                    EXPENDITURES Capital Outlay  677,188     500,000     (26.2)                 TOTAL EXPENDITURES 677,188$   500,000     (26.2)                 0.00 0.20 0.40 0.60 0.80  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Capital Outlay
  8. 8. Central Business District TIF Highlights Revenue • Total revenues increased $98,896 • Increased Utilization of Net Assets  $227,510 Expenditures • Budgeted expenditures increased  $326,406 • Compensation & Benefits increased  $59,419  • Addition of new Development Director  position • Professional Services decreased $59,797 • Debt Service increased $314,054  • Attributable to debt issued for  underground utilities project and  Gateway 8 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 215 0.00 0.50 1.00 1.50  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Supplies Professional Services/Training Other Charges Scheduled Charges Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Property Tax 965,717$       1,047,097   8.4                       Transfer N&E Lubbock Neighborhood & Infr Fund 41,225           55,000        33.4                     Interest Earnings 1,859             5,600          201.2                   Total Revenue Sources 1,008,801      1,107,697   9.8                       Utilization of Net Assets 153,407         380,917      148.3                   TOTAL FUNDING SOURCES 1,162,208$    1,488,614   28.1                     EXPENDITURES CBD Cost Center 525,521$       525,159      (0.1)                      Debt Service 649,401         963,455      48.4                     Less Interest Earnings on Bond Funds (12,714)         ‐              (100.0)                  TOTAL EXPENDITURES 1,162,208$    1,488,614   28.1                    
  9. 9. Community Development Highlights Revenue • Community Development Block  Grant decreased $37,607 • HOME Grant increased $11,598 Expenditures • Community Development  department expenditures  decreased $7,522 • CD expenditures are funded by the  CDBG, prior‐year grants, and State  grants 9 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 219 Amended Budget % Change FY 2016‐17 FY 2017‐18 from Amended Community Development Block Grant Funding Sources 1,925,875$    1,888,268   (2.0)                      Expenditures 1,925,875      1,888,268   (2.0)                      HOME 702,470         714,068      1.7                       Funding Sources 702,470         714,068      1.7                       Expenditures Emergency Solutions Grant Funding Sources 174,195         173,382      (0.5)                      Expenditures 174,195         173,382      (0.5)                      Total Funding Sources 2,802,540      2,775,718   (1.0)                      Total Expenditures 2,802,540$    2,775,718   (1.0)                     
  10. 10. Criminal Investigation Highlights Revenue • Total revenues increased $5,000 • Increased Utilization of Net Assets  $155,396 Expenditures • Budgeted expenditures increased  $160,396 • Supplies increased $285,396  • Replacement of tasers and body armor,  and funding for digital video recording  systems • Professional Services increased  $90,000 • Due to providing District Attorney share  of police awarded trust funds (budgeted  in supplies in the prior year) 10 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 227 0.00 0.20 0.40 0.60  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Supplies Maintenance Professional Services/Training Other Charges Capital Outlay Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Revenue from Sale of Equipment/Vehicles 22,000$     22,000       ‐                  Confiscation Funds 250,000     250,000     ‐                  Interest Earnings ‐             5,000         ‐                  Total Revenue Sources 272,000     277,000     1.8                  Utilization of Net Assets 114,783     270,179     135.4              TOTAL FUNDING SOURCES 386,783$   547,179     41.5                EXPENDITURES Supplies 171,783$   457,179     166.1              Maintenance 20,000       ‐             (100.0)             Professional Services/Training ‐             90,000       ‐                  Capital Outlay 195,000     ‐             (100.0)             TOTAL EXPENDITURES 386,783$   547,179     41.5               
  11. 11. Department of Justice Asset Sharing  Highlights Revenue • No revenues budgeted for FY  2017‐18 Expenditures • No expenditures budgeted for FY  2017‐18 11 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 229 0.00 0.01 0.02 0.03 0.04 0.05 0.06  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Supplies Professional Services/Training Other Charges Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Court Awards ‐$               ‐             ‐                    Interest Earnings ‐             ‐             ‐                    Total Revenue Sources ‐             ‐             ‐                    Utilization of Net Assets 25,000       ‐             (100.0)               TOTAL FUNDING SOURCES 25,000$     ‐             (100.0)               EXPENDITURES Supplies 25,000$     ‐             (100.0)               TOTAL EXPENDITURES 25,000$     ‐             (100.0)              
  12. 12. Economic Development  Highlights Revenue • Total revenues increased $188,197 Expenditures • Budgeted expenditures increased  $188,197 • Compensation and Benefits increased  $86,145 • Transfer to Transit remained flat to  prior year • Transfer to Market Lubbock, Inc.  increased $103,092 12 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 231 0.00 1.00 2.00 3.00 4.00  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Professional Services/Training Scheduled Charges Transfer to Transit Market Lubbock, Inc. Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Property Tax 3,426,838$      3,615,035       5.5                    TOTAL FUNDING SOURCES 3,426,838$      3,615,035       5.5                    EXPENDITURES Compensation 19,349$           85,607            342.4                Benefits 9,858               29,745            201.7                Scheduled Charges 1,304               263                 (79.8)                 Transfer to Transit 400,000           400,000          ‐                    Market Lubbock, Inc. 2,996,327        3,099,419       3.4                    TOTAL EXPENDITURES 3,426,838$      3,615,035       5.5                   
  13. 13. Gateway Streets Highlights Revenue • Total revenues increased $575,039 • Decreased Utilization of Net Assets by  $663,982 Expenditures • Budgeted expenditures decreased  $88,943 • Transfer to Debt Service decreased  $82,033 13 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 233 0.00 5.00 10.00  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Transfer to Debt Service Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Xcel Energy 2,000$           ‐                (100.0)              Suddenlink 796,667         ‐                (100.0)              Telecom 1,154,710      ‐                (100.0)              West Texas Gas 4,667             ‐                (100.0)              SPEC 360,000         ‐                (100.0)              Transfer from LP&L 4,277,327      ‐                (100.0)              Atmos 928,608         ‐                (100.0)              Transfer from General Fund ‐                8,099,018     ‐                   Total Revenue Sources 7,523,979      8,099,018     7.6                   Utilization of Net Assets 787,519         123,537        (84.3)                TOTAL FUNDING SOURCES 8,311,498$    8,222,555     (1.1)                  EXPENDITURES Transfer to Debt Service 8,314,581$    8,232,548     (1.0)                  Less Interest Earnings  (3,083)           (9,993)           224.1               TOTAL EXPENDITURES 8,311,498$    8,222,555     (1.1)                 
  14. 14. Hotel Occupancy Tax Highlights Revenue • Total revenues increased $332,041 Expenditures • Budgeted expenditures increased $332,401 14 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 237 0.00 5.00  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Civic Center Operations/Marketing Convention and Tourism Bureau Civic Lubbock, Inc. ‐ Grants Program Visiting Participatory & Spectator Sports Transfer to TIF ‐ Conference Center Miscellaneous Buddy & Maria Elena Holly Plaza Debt (land) Transfer to CIP ‐ Civic Center Transfer to CIP ‐ Buddy Holly Center Transfer to CIP ‐ Coliseum Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Hotel/Motel Tax 6,879,428$  7,211,829  4.8                   Interest Earnings ‐               ‐             ‐                  Total Revenue Sources 6,879,428    7,211,829  4.8                   TOTAL FUNDING SOURCES 6,879,428$  7,211,829  4.8                   EXPENDITURES Civic Center Operations/Marketing 1,676,781$  1,919,289  14.5                 Convention and Tourism Bureau 2,657,998    3,056,618  15.0                 Civic Lubbock, Inc. ‐ Grants Program 407,345       427,027     4.8                   Visiting Participatory & Spectator  Sports 832,723       996,386     19.7                 Transfer to TIF ‐ Conference Center 550,197       528,759     (3.9)                 Buddy & Maria Elena Holly Plaza  Debt (land) 93,688         83,750       (10.6)               Transfer to CIP ‐ Civic Center 534,696       200,000     (62.60)             Transfer to CIP ‐ Buddy Holly Center 126,000       ‐             (100.00)           TOTAL EXPENDITURES 6,879,428$  7,211,829  4.8                  
  15. 15. Lubbock Business Park TIF  Highlights Revenue • Total tax revenues decreased $2,404 Expenditures • Budgeted expenditures decreased  $2,916 • Compensation and Benefits  decreased $1,691 • Professional Services/Training charges  decreased $1,000 15 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 239 0.00 0.00 0.00 0.01 0.01  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Supplies Professional Services/Training Scheduled Charges Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Property Tax 474,751$   467,347     (1.6)                    Interest 5,000         10,000       100.0                 Total Revenue Sources 479,751     477,347     (0.5)                    TOTAL FUNDING SOURCES 479,751$   477,347     (0.5)                    EXPENDITURES Compensation 6,481$       5,375         (17.1)                  Benefits 2,763         2,178         (21.2)                  Supplies 500            300            (40.0)                  Professional Services/Training 6,000         5,000         (16.7)                  Scheduled Charges 25              ‐             (100.0)                TOTAL EXPENDITURES 15,769$     12,853       (18.5)                 
  16. 16. Lubbock Economic Development Alliance Highlights Revenue • Total revenues increased  $133,320 Expenditure • Transfer to LEDA increased  $133,320 16 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 241 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Transfer to LEDA Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Sales Tax 5,803,025$     5,936,345       2.3                       Total Revenue Sources 5,803,025       5,936,345       2.3                       Utilization of Net Assets ‐                 ‐                  ‐                       TOTAL FUNDING SOURCES 5,803,025$     5,936,345       2.3                       EXPENDITURES Transfers to LEDA 5,803,025$     5,936,345       2.3                       TOTAL EXPENDITURES 5,803,025$     5,936,345       2.3                      
  17. 17. Municipal Court Highlights Revenue • Total revenues decreased $17,074 Expenditures • Budgeted expenditures decreased  $19,955 • Compensation and Benefits  decreased $15,167 • Scheduled Charges decreased  $4,288 17 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 243 0.00 0.20  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Supplies Maintenance Professional Services / Training Scheduled Charges Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Court Security 96,674$     89,965            (6.9)                       Court Improvement 11,334       9,808              (13.5)                     Court Technology 128,882     120,043          (6.9)                       TOTAL FUNDING SOURCES 236,890$   219,816          (7.2)                       EXPENDITURES Compensation 76,464$     67,334            (11.9)                     Benefits 41,626       33,923            (18.5)                     Supplies 1,500         1,500              ‐                        Maintenance 1,500         1,500              ‐                        Professional Services / Training 3,500         3,000              (14.3)                     Scheduled Charges 102,727     98,439            (4.2)                       Compensation Adjustment ‐             1,666              ‐                        TOTAL EXPENDITURES 227,317$   207,362          (8.8)                      
  18. 18. North and East Lubbock Fund Highlights Revenue • Total revenues increased $5,101 • Increased Utilization of Net  Assets $184,900 Expenditures • Budgeted expenditures  increased $190,001 18 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 245 0.00 0.10 0.20 0.30 0.40  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Transfer to CBD TIF North and East Lubbock CDC Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Oil and Gas Royalties 164,899$      ‐             (100.0)                Transfer from General Fund ‐               170,000     ‐                     Total Revenue Sources 164,899        170,000     3.1                     Utilization of Net Assets ‐               184,900     ‐                     TOTAL FUNDING SOURCES 164,899$      354,900     115.2                 EXPENDITURES Transfer to CBD TIF 41,225$        ‐             (100.0)                North and East Lubbock CDC 123,674        354,900     187.0                 TOTAL EXPENDITURES 164,899$      354,900     115.2                
  19. 19. North Overton Public Improvement District Highlights Revenue • Total revenues increased  $152,644 Expenditures • Compensation and Benefits  increased $5,684 • Lighting increased $15,000 • Landscaping increased $85,000 19 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 247 Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Assessments 624,152$   776,590          24.4                       Interest 1,008         1,214              20.4                       Total Revenue Sources 625,160     777,804          24.4                       Utilization of Net Assets 37,840       ‐                 (100.0)                   TOTAL FUNDING SOURCES 663,000$   777,804          17.3                       EXPENDITURES Compensation 44,357$     57,380            29.4                       Benefits 15,644       8,305              (46.9)                     Professional Services / Training 7,799         8,171              4.8                         Security ‐             6,000              ‐                        Lighting 50,000       65,000            30.0                       Landscaping 545,000     630,000          15.6                       Scheduled Charges 200            69                   (65.5)                     TOTAL EXPENDITURES 663,000$   774,925          16.9                      
  20. 20. North Overton TIF Highlights Revenue • Total revenues increased $1,171,598 Expenditures • Budgeted expenditures increased $1,569,112 • Compensation and Benefits increased $8,095 • Professional Services/Training charges  increased $1,500 • Debt Service charge decreased $40,582 • Other Charges decreased $150,000 • Due to funding for development agreements  being moved to Capital program for FY 2017‐18 20 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 252 0.00 1.00 2.00 3.00 4.00  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Supplies Professional Services/Training Other Charges Scheduled Charges Debt Service Trsf. Transfer to CIP Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Property Tax 3,895,934$    5,099,882     30.9                     Misc. Other Revenue  172,500          158,796        (7.9)                      Transfer from Hotel Motel Tax  550,197          528,759        (3.9)                      Interest 707                  3,500             395.0                   Total Interfund Revenue Sources 4,619,339      5,790,937     25.4                     TOTAL FUNDING SOURCES 4,619,339      5,790,937     25.4                     EXPENDITURES Compensation 8,724              14,726           65.3                     Benefits 3,670              5,763             57.0                     Supplies 570                  669                 17.3                     Professional Services/Training 7,000              8,500             21.4                     Other Charges & Scheduled Charges 155,525          5,525             (96.4)                   Transfer to CIP ‐                       1,750,000     ‐                       Transfer to Debt Service 3,190,249      3,149,667     (1.3)                      TOTAL EXPENDITURES 3,365,738$    4,934,850     46.6                    
  21. 21. North Point Public Improvement District Highlights Revenue • Total revenues increased $20,585 • Decreased Utilization of Net Assets  $262,788 Expenditures • Budgeted expenditures decreased  $242,203 • Compensation and Benefits increased  $8,093 • Professional Services/Training charges  decreased $249,636 • The construction of the walking track was  included in the FY 2016‐17 budget 21 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 255 0.00 0.20 0.40 0.60  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Supplies Professional Services/Training Scheduled Charges Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Assessments 129,565$       149,549        15.4                  Interest 635                1,236            94.6                  Total Revenue Sources 130,200         150,785        15.8                  Utilization of Net Assets 302,887         40,099          (86.8)                 TOTAL FUNDING SOURCES 433,087         190,884        (55.9)                 EXPENDITURES Compensation 12,294           17,464          42.1                  Benefits 2,707             5,630            108.0                Supplies 839                300               (64.2)                 Professional Services/Training 416,620         166,984        (59.9)                 Scheduled Charges 627                506               (19.3)                 TOTAL EXPENDITURES 433,087$       190,884        (55.9)                
  22. 22. Quincy Park Public Improvement District Highlights Revenue • Total revenues increased $18,397 • Increased Utilization of Net Assets  $97,665 Expenditures • Budgeted expenditures increased  $116,062 • Compensation and Benefits increased  $14,062 • Professional Services/Training charges  increased $102,360 22 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 259 0.00 0.10 0.20 0.30  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Supplies Professional Services/Training Scheduled Charges Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Assessments 105,786$    123,521       16.8                Interest 517             1,179           128.0              Total Revenue Sources 106,303      124,700       17.3                Utilization of Net Assets 10,729        108,394       910.3              TOTAL FUNDING SOURCES 117,032      233,094       99.2                EXPENDITURES Compensation 6,871          18,629         171.1              Benefits 2,161          4,465           106.6              Supplies 800             300              (62.5)               Professional Services/Training 106,858      209,218       95.8                Scheduled Charges 342             482              40.8                TOTAL EXPENDITURES 117,032$    233,094       99.2               
  23. 23. Valencia Public Improvement District Highlights Revenue • Total revenues increased $6,704 Expenditures • Budgeted expenditures  increased $200 23 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 263 0.000 0.002 0.004 0.006  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Compensation Benefits Professional Services/Training Other Charges Scheduled Charges Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Assessments 12,693$       19,338         52.4                Interest 71                130              83.1                Total Revenue Sources 12,764         19,468         52.5                TOTAL FUNDING SOURCES 12,764         19,468         52.5                EXPENDITURES Compensation 506              514              1.6                  Benefits 219              211              (3.7)                 Professional Services/Training 3,990           4,181           4.8                  Scheduled Charges 10                19                93.9                TOTAL EXPENDITURES 4,725$         4,925           4.2                 
  24. 24. Vintage Township Public Improvement District Highlights Revenue • Total revenues decreased $401 Expenditures • Budgeted expenditures decreased  $401 • Other Charges increased $10,500 • Transfer to Vintage Township PFC  decreased $10,901 24 FY 2017‐18 Operating Budget and Capital Program Revenue and Expenditure Overview page 267 0.00 0.20 0.40 0.60 0.80  2012‐13  2013‐14  2014‐15  2015‐16  2016‐17  2017‐18 ($ millions) COMPOSITION OF EXPENDITURES Other Charges Transfer to Vintage Township PFC Amended Budget % Change FUNDING SOURCES FY 2016‐17 FY 2017‐18 from Amended Assessments 193,179$    192,778       (0.2)                   Interest ‐              ‐               ‐                    Total Revenue Sources 193,179      192,778       (0.2)                   Utilization of Net Assets ‐              ‐               ‐                    TOTAL FUNDING SOURCES 193,179$    192,778       (0.2)                   EXPENDITURES Other Charges 7,500$        18,000         140.0                 Transfer to Vintage Township PFC 185,679      174,778       (5.9)                   TOTAL EXPENDITURES 193,179$    192,778       (0.2)                  
  25. 25. Questions and Comments Fiscal Year 2017‐18 Operating Budget & Capital Program 25

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