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City of milan fy 2015 16 budget
- 1. CITY OF MILAN FY 2015-16 BUDGET May 18, 2015
- 2. FUNDS OF THE CITY • General Fund • Special Revenue Funds • 911 • Major Streets • Milan Youth Football • Rubbish Collection • Grant Fund • Drug Enforcement • Volunteers in Police Services
- 3. FUNDS OF THE CITY • Debt Service Funds • Northside SAD Debt Service • Arkona Road Reconstruction SAD Debt Service • Arkona Road Traffic Control Imp SAD Debt • Southside Trunk Sewer SAD Debt • Uptown Village Special Assess District • Capital Project Funds • Pavilion • Capital Improvement Fund
- 4. FUNDS OF THE CITY • Enterprise Funds • Mooreville Sewer Fund • Water Fund • Sewer Fund • Storm Sewer Fund • Component Units • Economic Development Corp Fund • Downtown Development Authority • Brownfield Redevelopment Authority
- 5. FUNDS OF THE CITY • Trust and Agency Funds • Trust and Agency Fund • Delinquent Tax Fund • Monroe County Tax Fund • Washtenaw County Tax Fund • Mobile Home Specific Tax • Payroll Clearing Fund
- 6. FUNDS OF THE CITY • 17 funds will be closed with the FY 15-16 Budget. • Five funds were closed this year.
- 7. GENERAL FUND • Covers the majority of city operations, including Police, Fire, Department of Public Works, City Hall, Building Department, Parks and Recreation, Senior Citizen services, maintenance, IT, Treasurer, Clerk, etc. • Current FY 2014-15 budget was amended on April 27th to reflect a decrease in revenues of $265,000 which was due to an error occurring in 2014. • As a result of the error in revenues recently discovered, $172,517 in fund balance is being used to balance the FY 2015-16 budget. • General Fund will is budgeted to end with a fund balance of over $1,000,000.
- 8. MAJOR AND LOCAL STREETS • Covers maintenance, snow removal, and reconstruction of streets. • Primarily funded through state revenue. • Grant funding received for North Street and Platt Rd/Redman intersection improvements. • 1 mil proposed for additional city funding. • Major streets FY 2015-16 estimated ending fund balance of $112,327 • Local streets FY 2015-16 estimated ending fund balance of $37,447
- 9. MAJOR AND LOCAL STREETS • Street Projects for FY 2015-16 • Redman Rd./S.Platt Rd. intersection improvement • North St. between First St. and E Michigan Ave. • Ferman St. between E. Second St. and E. Michigan Ave. • Ann St. between North St. and Ferman St. • Corrective action on Wabash Rd. (in conjunction with the Monroe County Road Commission). • Crack sealing will continue in FY 2015-16
- 10. MILLAGE RATES • 15.4 City operations (1 mil to the street funds) • .5 Senior Millage (voter approved) 10.3304 13.1555 15.7594 15.9 16.2114 17.1501 21.2574 23.4814 Millage rates with 1 mill for streets Luna Pier Chelsea Saline Milan Monroe Ann Arbor Petersburg Ypsilanti
- 11. STREET MILLAGE • This only fulfills approx. ¼ of the funding gap identified in our asset management plan to keep the majority of our roads in ‘good’ to ‘fair’ condition. • Other sources of funding are still needed • The city will continue to aggressively seek grant funding. • State action is still pending.
- 12. STREET MILLAGE • Consequences of not including 1 mil towards streets in FY 2015-16: • Over $60,000 from general fund balance would be needed to cover expenses in this fund, resulting in the general fund balance dipping below $1,000,000 and/or, • A street project or projects would need to be cancelled.
- 13. OTHER RATES • Water/Sewer • Rates remain the same for city users. • Rates will be adjusted for non-city users to be consistent with city code. • Rubbish fee remains the same. • Tap-in fees remain unchanged.
Editor's Notes
- Revenue in to pay debt
- Enterprise funds are “like a business.” They are funded through user fees and ultilize full-accrual method of accounting. Water and Sewer were separated into two funds. Component funds are typically funded through tax capture. EDC has not had activity in 18 years. DDA is millage funded. The taxable value fell below the established base value due to state changes in personal property tax.
- Trust and Agency are fiduciary funds covers activity that the city is responsible for, but does not ‘belong’ to the city. Parks and Recreation fundraising and Beautification are included.
- Grants include Washtenaw County Current year budgeted ending for Major $451,000 Current year budgeted ending for Local $305,000
- Current year budgeted ending for Major $451,000 Current year budgeted ending for Local $305,000
- Discuss benefits of Ferman/Ann for cost savings.
- Some out of city customers rates go up and others down as a result. Cut in tap-in fee for residential remains in place.