CITY OF HOMEWOOD

STATE OF THE CITY ADDRESS

SCOTT MCBRAYER, MAYOR

CHIEF JOHN A. BRESNANFINAL CALLJANUARY 10, 2020

The City began the year with an approved budget that had revenues equaling expenditures; therefore, no planned use of carryover fund balance.

* Actual preliminary pre-audited operating results show the City will complete the 2019 fiscal year with a surplus of approximately $1.2 millionThis was accomplished after funding $370,000 in employee bonuses and transferring $1,000,000 to the Capital Projects Fund

Our auditors are currently conducting our financial statement audit and final audit results should be available soon.

The amount of 1 cent sales tax transferred to the Debt Service Fund during the fiscal year was $8.9 million.

General Fund Checking (plus Payroll) $ 5,091,830General Public Funds Invest – Bryant Bank $ 192,133General Public Funds Invest- Iberia Bank $ 9,180,060Reserve for Economic Uncert Fund $ 11,376,931Grants Funds $ 42,053 7 Cents Gas Tax Fund $ 746,7864 & 5 Cents Gas Tax Fund $ 490,336Debt Service Fund $ 13,201,940Capital Projects $ 3,569,853Environmental Escrow $ 83,285Insurance Fund $ 9,403

E911 $ 1,519,497Corrections - Jail $ 262,433Corrections - Court $ 787,870Sales Tax Fund $ 3,087,320Court Special $ 154,392Inspection Tech Fund $ 89,773GOW 16 Construction Fund-Raymond James $ 28,944,942 ****GOW 16 Public Safety-Iberia Bank $ 1,188,775GOW 16 WHWD Park/Pool-Iberia Bank $ 836,004GOW 16 HWD BOE- Iberia Bank $ 106,835Judicial Administration Fund $ 470,945Control Account $ 3,139,636

TOTAL $ 84,573,032**** This account holds 2016 bond proceeds to be used for West Homewood Park/Pool,

new Public Safety Center, and the BOE school infrastructure improvements

REVIEW OF PAST YEARSu ANNUAL FISCAL YEAR-END SURPLUS ADDED TO FUND BALANCE OF THE GENERAL FUND

2010 - $351,232

2011 - $464,677

2012 - $2,070,037

2013 - $279,559

2014 - $410,377

2015 - $285,574 AFTER paying $375K in bonuses and transferring $1,000,000 to Capital Projects Fund

2016 - $401,657 AFTER paying $375K in bonuses and transferring $700K to the Capital Projects Fund

2017 - $410,247 AFTER paying $323K in bonuses and transferring $500K to the Capital Projects Fund

2018- $709,988 AFTER paying $325K in bonuses, transferring $1,000,000 to the Capital Projects Fund and $1,000,000 to Debt Service Fund.

2019- est $1,225,000 AFTER paying $370,000 in bonuses and transferring $1,000,000 to

Capital Projects Fund (PRE-AUDITED)

Total $6,608,348 - 10 year Average = $660,834

2019-2020 Budget Overview

TOTAL GENERAL FUND BUDGET $ 54,405,145

Capital Fund Budgeted Revenues $ 2,250,391Transfer from Debt Service/Grants Fund $ 5,399,892 NOTE 1Budgeted Use of Fund Balance $ 3,193,301 NOTE 2

TOTAL CAPITAL BUDGET $ 10,843,584

Above Budget Numbers are the Original Budget numbers approved by Council effective 10/1/19

NOTE 1: $3.2 Million transferred from Debt Service to Capital Projects for fire engine and vehicle purchases. $2.1 Million transferred from Grants Fund for Greenway, 18th Street, Oxmoor and Central Avenue Capital Projects.

NOTE 2: The use of fund balance will only be required if all capital projects are completed in this fiscal year.

RECENTLY COMPLETED CAPITAL PROJECTS

HOMEWOOD ATHLETIC COMPLEX

THE POOL AT PATRIOT PARK

RECENTLY COMPLETED CAPITAL PROJECTS

ROSEDALE SPRING PARK

Ongoing Capital Projects

u Lakeshore/I65 Diamond Interchange

u New Public Safety Facility

u Samford Pocket Park

u Oxmoor Road Improvements – Turkey Foot

u Library Expansion

u Continued New Sidewalk Construction and ADA Compliance of Existing Sidewalks

u Greenway II Construction

u 18th Street Renovation

u Continued Paving

u Continued Construction of Public Safety Center/Court and BOE School Projects

u Mayor Budgeted in FY 19-20 and Council approved a 2.5% COLA

u Redevelopment Plan for 18th Street

u Renovation of Greensprings Highway

u Library Expansion

u New Fire station on Greensprings Highway

2019-2020Opportunities