The URL can be used to link to this page

Home My WebLink AboutRes 2011-19RESOLUTION NO. 2011-19 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, SETTING FORTH THE TENTATIVE BUDGET AND ESTABLISHING THE MAXIMUM BUDGET AMOUNT FOR THE TOWN OF FOUNTAIN HILLS FOR FISCAL YEAR 2011 -2012. WHEREAS, pursuant to the provisions of the laws of the State of Arizona, the Mayor and Council of the Town of Fountain Hills (the "Town Council ") is required to adopt a budget; and WHEREAS, in accordance with ARIZ. REV. STAT. § 42- 17102, the Town Manager has prepared and filed with the Town Council the Town Manager's Budget estimates for the fiscal year beginning July 1, 2011 and ending June 30, 2012. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS as follows: SECTION 1. The recitals above are hereby incorporated as if fully set forth herein. SECTION 2. The statements and schedules attached hereto as Exhibit A and incorporated herein by reference are hereby adopted as the Town's official tentative budget for the fiscal year beginning July 1, 2011 and ending June 30, 2012, including the establishment of the maximum budget amount for such fiscal year in the amount of $38,476,044.00. SECTION 3. Upon approval of the Town Council, the Town Manager or designee shall publish in the official Town newspaper once a week for two consecutive weeks (i) the official tentative budget and (ii) a notice of the public hearing of the Town Council to hear taxpayers and make tax levies at designated times and places. The notice shall include the physical address of the Town Library and the Fountain Hills Town Hall and the website where the tentative budget may be found. SECTION 4. The Town Manager or designee shall make available at the Town Library and the Fountain Hills Town Hall a complete copy of the tentative budget, and shall post the tentative budget on the Town's website. SECTION 5. The Mayor, the Town Manager, the Town Clerk and the Town Attorney are hereby authorized and directed to take all steps necessary to carry out the purpose and intent of this Resolution. [SIGNATURES ON FOLLOWING PAGE] 1499413.3 PASSED AND ADOPTED BY the Mayor and Council of the Town of Fountain Hills, Arizona, May 25, 2011, FOR THE TOWN OF FOUNTAIN HILLS: q7� .1 , -1-. chlum, Mayor REVIEWED BY: ;R ' L � Richard L. Davis, Town Manager 1499413.3 ATTESTED TO: 1� Bevelyn J. Be er, 6n Clerk APPROVED AS TO FORM: r Andrew J. McGuire, Town Attorney EXHIBIT A TO RESOLUTION NO. 2011-19 [Tentative Budget] See following pages. 1499413.3 TOWN OF FOUNTAIN HILLS, ARIZONA Summary of Tax Levy and Tax Rate Information Fiscal Year 2011 -12 1. Maximum allowable primary property tax levy A.R.S. §42- 17051(A). 2. Amount received from primary property taxation in the fiscal year 2010 -11 in excess of the sum of that year's maximum allowable primary property tax levy. A.R.S. §42- 17102(A)(18). 3. 4. 5. Property tax levy amounts 2010 -11 2011 -12 FISCAL YEAR FISCAL YEAR $ 0 $ 0 $ 0 0 A. Primary property taxes $ 0 $ 0 B. Secondary property taxes 1,020,000 1,007,500 C. Total property tax levy amounts $ 1,020,000 $ ,007,500 Property taxes collected' A. Primary property taxes (1) 2010 -11 levy $ 0 0 (2) Prior years' levy 0 0 (3) Total primary property taxes $ 0 0 B. Secondary property taxes (1) 2010 -11 levy $ 1,020,000 1,007,500 (2) Prior years' levy $ 0 0 (3) Total secondary property taxes $ 1,020,000 1,007,500 C. Total property taxes collected $ 1,020,000 1,007,500 Property tax rates A. Town tax rate (1) Primary property tax rate 0.0000 0.0000 (2) Secondary property tax rate (estimate) 0.1836 0.2230 (3) Total city /town tax rate 0.1836 0.2230 B. Special assessment district tax rates Secondary property tax rates - As of the date the proposed budget was prepared, the town was operating two (2) special assessment districts for which secondary property taxes are levied. For information pertaining to these special assessment districts and their tax rates, please contact the town. 'Includes actual property taxes collected as of the date the proposed budget was prepared plus estimated property tax collections for the remainder of the fiscal year. TOWN OF FOUNTAIN HILLS, ARIZONA Summary by Fund Type of Revenues Other Than Property Taxes Fiscal Year 2011 -12 SOURCES OF REVENUES GENERALFUND Local Taxes Local Sales Tax Franchise Tax Permits Animal License Fees Business License Fees Building Permit Fees Landscape Permit Fees Planning & Zoning Fees Improvement Plan Review Fee ESTIMATED ESTIMATED REVENUES ACTUAL REVENUES REVENUES 2010 -11 2010 -11* 2011 -12 $ 6,020,520 $ 6,641,684 $ 6,611,688 $ 300,000 $ 300,000 $ 303,000 $ 45,088 $ 109,180 $ 155,140 $ 0 $ 15,000 $ 8,506 45,088 109,180 55,000 1,000 44,400 55,000 46,892 113,547 199,550 1.040 22,000 21,000 Intergovernmental State Sales Tax $ 1,765,065 1,765,065 1,701,437 Fire Insurance Premium Tax $ 119,452 119,452 124,230 Shared Income Tax $ 2,384,218 2,384,218 1,898,167 Vehicle License Tax $ 850,000 850,000 758,394 User Fees Parks & Rec User Fees $ 245,941 180,000 218,091 Encroachment Fees $ 17,000 24,000 28,000 Variances $ 10,000 600 5,000 Fines and forfelltures Court Fines $ 255,078 200,000 260,180 Interest on investments $ Interest on Investments $ 10,800 10,800 60,000 Rentals Community Center Rental Fees $ 102,328 116,800 87,564 Leases & Rents $ 100,464 141,284 145,464 Miscellaneous $ Miscellaneous $ 128,487 31,166 40,220 Total General Fund $ 12,642,267 $ 13,074,717 $ 12,645,463 SPECIAL REVENUE FUNDS Highway User Revenue Fund Highway Users $ 1,315,800 $ 1,315,800 $ 1,132,332 Total Highway User Revenue Fund $ 1,315,800 $ 1,315,800 $ 1,132,332 Local Transportation Assistance Fund Local Transportation (LTAF) Total Local Transportation Assistance Fund 0 $ 0 $ In Lieu Payments $ 15,068 Interest $ 120 Miscellaneous $ 7,602 0 $ 15,068 $ 120 $ 7,602 $ 25,200 $ 120 $ 4,800 $ 1,338,590 $ 1,338,590 $ 1,162,452 Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. Excise Taxes Local Sales Tax Transfer Court Enhancement Fund $ 270,629 $ 301,900 $ 272,138 $ 270,629 $ 301,900 $ 272,138 TOWN OF FOUNTAIN HILLS, ARIZONA Summary by Fund Type of Other Financing SourceskUses> and Interfund Transfers Fiscal Year 2011 -12 OTHER FINANCING INTERFUND TRANSFERS 2011.12 2011 -12 FUND SOURCES <USES> IN <OUT> GENERAL FUND Annual Debt Payment for Community Center $ $ $ $ 193,500 Transfer to Public Art for Maintenance 750 Interfund charge for Vehicle Replacement 143.104 General Fund Reserves 1,402,697 0 Total General Fund $ 0 $ 1,402,697 $ 0 $ 337,354 HIGHWAY USERS Interfund charge for Vehicle Replacement 20,494 Total Highway Users Funds $ 0 $ 0 $ 0 $ 20,494 DEBT SERVICE FUNDS Annual Debt Payment for Community Center $ $ $ 193,500 $ General Fund Reserves 1,402,697 General Government Dev Fees $ 530,000 $ $ $ Capital Projects Fund 500,000 Series 2004 MPC Bonds Payoff 2,932,697 Total Debt Service Funds $ 2,432,697 $ 2,932,697 $ 193,500 $ 0 CAPITAL PROJECTS FUNDS Bond Proceeds 8,995,911 0 Road Projects 8,995,911 0 CIP Reserves 500,000 0 Total Capital Projects Funds $ 8,995,911 $ 9,495,911 $ 0 $ 0 SPECIAL REVENUE FUNDS MAG Grant 4,263,100 Shea Boulevard 4,253,100 0 City of Scottsdale - Shea/Eagle Mountain 15,000 16,000 0 Public Art Fund 750 Total Special Revenue Funds $ 4,268,100 $ 4.268.100 $ 750 $ 0 DEVELOPMENT FEES General Government Dev Fees $ $ 530,000 $ $ Total Development Fee Funds $ 0 $ 530,000 $ 0 $ 0 INTERNAL SERVICE FUNDS Interfund charge for Vehicle Replacement 0 Interfund charge for Vehicle Replacement 163,598 Total Internal Service Funds $ 0 $ 0 $ 163,698 $ 0 TOTAL ALL FUNDS $ 15,696,708 $ 18,629,405 $ 367,848 $ 357,848 TOWN OF FOUNTAIN HILLS, ARIZONA Summary by Department of Expenditures/Expenses Within Each Fund Type Fiscal Year 2011 -12 FUND /DEPARTMENT GENERAL FUND Mayor and Town Council Municipal Court Administration Development Services Community Services Law Enforcement Fire Department Transfers Total General Fund SPECIAL REVENUE FUNDS Highway Users (HURF) Public ART Court Enhancement Fund Miscellaneous Grants Excise Tax Spacial Revenue Capital Project Grants Total Special Revenue Funds DEBT SERVICE FUNDS General Obligation Bonds Revenue Bonds Municipal Property Corp (MPC) Cottonwood Improv Dist Eagle Mountain CFD Total Debt Service Funds DEVELOPMENT FEES Law Enforcement Development Fees Street Department Development Fees Parks & Recreation Development Fees Open Space Development Fees General Government Development Fees Fire Development Fees Library Development Fees Total Development Fees Capital Projects Cori ftency Total Capital Projects Funds INTERNAL SERVICE FUNDS Vehicle &Equipment Replacement Vehicle &Equipment Replacement Total Internal Service Funds TOTAL ALL FUNDS nvvrIcw BUDGETED EXPENDITURES/ EXPENSES 2010.11 $ 72,427 $ 421,291 $ 2,467,142 $ 1,557,237 $ 2,322,230 $ 2,751 ,687 $ 3,042,411 0 cnrcrrus i unry EXPENSE ADJUSTMENTS APPROVED 2010.11 $ $ $ (23,200) $ 320 $ 3,500 $ 20,000 EST ACTUAL EXPENDITURES/ EXPENSES 2010 -11 $ 65,000 $ 376,000 $ 2,100,000 $ 1.557,657 $ 2,325,730 $ 2,751,667 $ 3,062,411 0 $ 12,634,425 $ 620 $ 12,237,385 $ 1,284,211 $ 20,350 $ 40,350 $ 0 $ 572,976 5,485,874 $ 7,403,761 $ $ $ 1,019,413 $ 1,019,413 0 $ $ 0 $ 0 $ 1,284,211 $ 10,000 $ 12,500 $ 0 $ 150.000 500,000 $ 1,956,711 BUDGETED EXPENDITURES/ EXPENSES 2011.12 $ 75,907 $ 432,855 S 2,265,495 S 1,618,167 $ 2,192,415 S 2,899,839 S 3,156,212 0 S 12,640,890 $ 1,297,972 $ 758 $ 33,250 $ 1,500,000 $ 234,380 0 $ 3,066,360 $ 1,019,413 $ $ 1,019,413 $ 1,019,413 0 $ $ 0 $ 0 1,424,463 1,424,463 4,011,947 3,315 3,315 3,315 421,610 421,610 421,610 $ 2,868,801 S 0 $ 2,868,801 $ 5,456,285 $ $ $ 0 $ 0 0 5,000 0 0 20,000 0 0 15,000 0 0 15,000 0 0 5,000 0 0 5,000 0 0 5,000 0 S 0 $ 0 $ 70,000 1,200,000 6,446,116 17,140,139 0 0 0 $ 6,446,116 $ 0 $ 1,200,000 $ 17,140,139 $ $ $ 0 $ $ 123,567 $ $ 123,567 $ 102,370 123,567 123,567 102,370 $ 29,476,670 $ 620 $ 18,386,464 $ 38,476,044 Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year.