TOWN OF ORONO FY2014 Draft Municipal Budget Presentation June 10, 2013.

TOWN OF ORONOFY2014 Draft Municipal Budget PresentationJune 10, 2013

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.

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)

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

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

2015 Proposed BudgetMu-nicipal36%

RSU #2659%

County5%

Chart Title

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%)

Municipal Budget Components

• General Funds• Special Revenue Funds• Tax Increment Financing Funds• Capital Improvement Budget• Special Project (Bond Funds)• Enterprise Funds (WPCF)

Net General Fund Budget is the municipal component of

the tax rate.

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

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

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

Municipal Budget HighlightsGeneral Fund Operations

Maintains Existing Service Levels

Reduces Personnel by 50% FTE

Projected FY15 Tax Rate

$23.95 per $1,000 Taxable Valuation

• Municipal Services 8.73

• School Assessment 14.02

• County Assessment 1.20

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

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

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

Capital ImprovementFY2015 Budget

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

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

2015 Municipal BudgetNet Summary - (Capital Budget)

•Equipment $ 88,178

• Infrastructure 532,500

•Facilities 71,500

•Reserve 65,000

•Total $757,178

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)

Municipal Budget HighlightsCapital Projects - Infrastructure

• Island Avenue Drainage, Street, & Sidewalk

• Kelley Road Extension Rehabilitation

• Crosby Street Reclaim (Planning/Design)

• Fiber Optics Last Mile Project

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

Municipal Budget HighlightsCapital Projects - Reserves

• Capital Equipment Reserves

• Library Maintenance Reserve

Tax Increment Financing DistrictsFY2015 Budget

TIF Funds Budget is the budgeted usage and appropriation to

Town’s Tax Increment Financing Districts

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

2015 Municipal BudgetDowntown & Transit Oriented TIF Fund Summary


Budgeted Expenses 439,749

Net Retained in Funds $24,366

2015 Municipal BudgetMaine Tech Park (SRD) TIF Fund Summary




2015 Municipal BudgetEnvisioNet TIF Fund Summary




2015 Municipal BudgetDirigo Pines TIF Fund Summary



Net Retained in Funds $0

2015 Municipal BudgetWebster Point TIF Fund Summary




Special Revenue FundsFY2015 Budget

Special Revenue Fund Budget is the budgeted usageand appropriation to

Town’s Reserves

2015 Municipal Budget Special Revenue Fund Budget Summary

Appropriations to Fund $ 563,820

Usage of Fund $1,033,305

Net Increase/(Decrease) ($469,485)

Special Projects (Funded by Bond)FY2015 Budget

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

Water Pollution Control FacilityFY2015 Budget

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.

WPCF Budget Highlights

Maintains Current Service Level

Continued Capital Expenditure & Reserve Appropriations

Maintains Current User Rates

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

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

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

TOWN OF ORONO FY2014 Draft Municipal Budget Presentation June 10, 2013.

Documents

Transcript of TOWN OF ORONO FY2014 Draft Municipal Budget Presentation June 10, 2013.