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5-YearSustainabilityPlan

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ORIGINALBUDGETMODEL

$(10.0)

$(5.0)

$-

$5.0

$10.0

$15.0

$20.0

2012 2013 2014 2015 2016 2017

CityofYpsilanti

GeneralFund

Revenues,ExpendituresandFundBalance

TotalGFRevenues

TotalGFExpenditures

EndingFundBalance

REVISEDBUDGETMODEL

$-

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

$18.0

2012 2013 2014 2015 2016 2017 2018

Millions

FiscalYearEnd

CityofYpsilanti

GeneralFund

Revenues,ExpendituresandFundBalance

MinimumFundBalance($2.4million)

TotalGeneralFundRevenues(millions)

TotalGeneral

FundExpenditures(millions)

EndingFundBalance(millions)

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CHANGESFROM2013BUDGET

Removedallocationoffundbalanceasrevenuesource

Reducedfiregrant$51,500 MovedP&Fpensionrevenuetonon-operating

EliminatedtransfertoMajorSts. P&Fpensioncostsmoved Staffchanges

AdminSvcDirectoreliminated Firefighterretirement(1)ReorganizeClerk/Treasurerdiv. ReorganizeCommunityDev.div.

Add2PTPoliceOfficers(1/2yr) PoliceLt.positioneliminated(1/2yr) Dep.PoliceChiefpositioncreated

IncreasedHRexpfortesting Omitted$50KforWaterStcosts

CHANGESFROM2014BUDGET

Allocationoffundbalancenotrev Reducedfiregrant$51,500 ReducedStreetLightingrevenue MovedP&Fpensiontaxrevenue P&Fpensioncostsmoved Expreducedbystaffreductions(fullyrforall) AdminSvcDirectoreliminated ReinstateFirefighterstocurrentlevel ReorganizeClerk/Treasurerdiv. ReorganizeCommunityDev.div. Add2PTPoliceOfficers(fullyr) PoliceLt.positioneliminated(fullyr) Dep.PoliceChiefpositioncreated

Reducedstreetlightingexpense OmittedtransferstoMotorPool Omitted$50KforWaterStcosts

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Noreductioninpersonalpropertytaxrevenues Propertytaxrevenuesestimatedtodecrease3%in2013-14;decrease1%in14-15;nochangeinfollowing3years

NoSAFERgrantrevenuesforcurrentorfutureyears NoCOPSgrantrevenuesforfutureyears Major&LocalStreetsFunds'projectslimitedtoavailablerevenues(notransfers)

DoesnotreflectpotentialcostsavingsfromSEMCOGmanagementaudit

DoesnotreflectanymodificationsorforgivenessofexistingdebtonWaterStreet

Doesnotreflectpotentialsavingsfrommovingtopartialpublicsafetymodel

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$13.1$12.2

$12.6 $12.7$13.1

$13.5$13.9$13.7 $13.4

$12.7$13.4

$14.1 $14.7

$15.3

$8.8

$7.6 $7.4$6.7

$5.7

$4.5

$3.1

$-

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

$18.0

2012 2013 2014 2015 2016 2017 2018

Millions

FiscalYearEnd

CityofYpsilanti

GeneralFund

Revenues,ExpendituresandFundBalance

MinimumFundBalance($2.4

million)

TotalGeneralFundRevenues

(millions)

TotalGeneralFundExpenditures

(millions)

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Allscheduleddebtserviceobligationswouldbemetunderrevisedbudget,foratleast5years

Servicelevelsminimallymaintained

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CombinePoliceandFireinpartialpublicsafetymodel

Restructuredebtpayments IncreasepursuitofgrantfundingoptionsApplyforEVIPfundingasappropriate SEMCOGmanagementauditrecommendations

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Omittedtransfersbetweenfunds,exceptfromstreetstoMotorPool

ReducedoromittedcapitaloutlaysinfutureyearsMajorStreetsandMotorPoolfundsexpectedtomaintainpositiveposition

LocalStreetsandGarbagefundswillrequirecostreductionsand/orrevenueenhancements

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$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

2012 2013 2014 2015 2016 2017 2018

FiscalYearEnd

CityofYpsilanti

MajorStreetsFund

Revenues,ExpendituresandFundBalance

Revenues

Expenditures

EndingFundBalance

-$600,000

-$400,000

-$200,000

$0

$200,000

$400,000

$600,000

$800,000

2012 2013 2014 2015 2016 2017 2018

FiscalYearEnd

CityofYpsilanti

LocalStreetsFund

Revenues,ExpendituresandFundBalance

Revenues

Expenditures

EndingFundBalance

-$2,000,000

-$1,500,000

-$1,000,000

-$500,000

$0

$500,000

$1,000,000

$1,500,000

2012 2013 2014 2015 2016 2017 2018

FiscalYearEnd

CityofYpsilanti

GarbageFund

Revenues,ExpendituresandFundBalance

Revenues

Expenditures

EndingFundBalance

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

2012 2013 2014 2015 2016 2017 2018

FiscalYearEnd

CityofYpsilanti

MotorPoolFund

Revenues,ExpendituresandFundBalance

Revenues

Expenditures

EndingFundBalance

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GFimprovementsarepositive,butnotsustainableinlongterm

LocalStreetsandGarbagefundsrequireincreasedattentiontomakesustainable

Eliminatingcapitaloutlaysindefinitelyisnotpractical

CostofhealthcareneedstobecontrolledPropertyvaluescouldbeworsethanprojected Statemayfurtherreducerevenuesharing

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Adoptamendedbudgetlaterthisyear ImplementStreetLightingspecialassessmentWorkwithManagertoimproveGarbageFundfinances(newrevenues,changeinservicelevels)

Committoonlycriticalcapitalexpenditures Streetimprovementsmayneedalternativerevenues

Approvedebtrestructuringwhenrequested