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Home My WebLink AboutRes 2011-20RESOLUTION NO. 2011-20 A RESOLUTION OF THE MAYOR AND COUNCIL OF TIIE TOWN OF FOUNTAIN I IILI_S, ARIZONA, ADOPTING THE TENTATIVE BUDGET AS THE 2011 -2012 FISCAL YEAR BUDGET FOR THE TOWN OF FOUNTAIN HILLS. WHEREAS, in accordance with the provisions of Title 42, Chapter 17, Articles 1 -5, Arizona Revised Statutes, the Mayor and Council of the Town of Fountain Hills ((he "Town Council ") did, on May 25, 2011, make an estimate of the different amounts required to meet the public expenditures /expenses for the ensuing year, also an estimate of revenues from sources other than direct taxation, and the amount to be raised by taxation upon real and personal property of the Town of Fountain Hills, Arizona; and WHEREAS, in accordance with said chapter of said title, and following due public notice, the Town Council met on May 25, 2011, at which meeting any taxpayer was privileged to appear and be heard in favor of or against any of the proposed expenditures /expenses or tax levies; and WHEREAS, publication has been duly made as required by law, of said estimates together with a notice that the Town Council would meet on June 16, 2011, at the Fountain Hills Town Council Chambers for the purpose of hearing taxpayers and with respect to said estimates or any of the proposed expenditures /expenses or tax levies; and WHEREAS, it appears that the sums to be raised by taxation, as specified therein, do not in the aggregate exceed that amount as computed in Atuz. RE-v. STAT. § 42 -1705 l (A). NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAINI HILLS as follows: SECTION 1. The statements and schedules attached hereto as Exhibit A and incorporated herein by reference, are hereby adopted as the budget of the Town of Fountain Hills, Arizona, for the fiscal year July 1, 2011 through June 30, 2012. PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills, June 16, 2011. FOR THE TOWN OF FOUNTAIN DILLS: I J Scltlum, Mayor REVIEWED BY: eL(11. � - Richard L, avis, Town Manager 1519057.1 :ATTESTED TO: r, ToG Clerk AS TO FORM: Andrew J. McGuire, Town Attorney EXHIBIT A TO RESOLUTION NO. 2011-20 [Budget Statements and Schedules] See following pages. 1519057.1 TOWN OF FOUNTAIN HILLS, ARIZONA Summary of Tax Levy and Tax Rate Information Fiscal Year 2011 -12 2010 -11 2011 -12 FISCAL YEAR FISCAL YEAR 1. Maximum allowable primary property tax levy A.R.S. §42- 17051(A). S 0 $ 0 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)• $ 0 0 3. Property tax levy amounts A. Primary property taxes $ 0 $ 0 B. Secondary property taxes ,020,000 1,007,500 C. Total property tax levy amounts $ 20,000 $ 1,0UT07 4. 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 5. 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 .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 GENERAL FUND 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 Intergovernmental State Sales Tax Fire Insurance Premium Tax Shared Income Tax Vehicle License Tax User Fees Parks & Rec User Fees Encroachment Fees Variances Fines and forfeittures Court Fines Interest on investments Interest on Investments Rentals Community Center Rental Fees Leases & Rents Miscellaneous Miscellaneous SPECIAL REVENUE FUNDS ESTIMATED REVENUES 2010 -11 ACTUAL REVENUES 2010 -11' ESTIMATED REVENUES 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 $ 1,765,065 $ 119,452 $ 2,384,218 $ 850,000 $ 245,941 $ 17,000 $ 10,000 S 255,078 S $ 10,800 $ 102,328 $ 100,464 S 45,088 109,180 55,000 1,000 44,400 55.000 1,765,065 119,452 2,384218 850,000 180,000 24,000 600 46,892 113,547 199,550 1,040 22,000 21,000 1,701,437 124,230 1,898,167 758,394 218,091 28,000 5,000 200,000 260,180 10,800 60,000 116,800 87,564 141,264 145,464 $ 128,487 31,166 40,220 Total General Fund $ 12,642,267 $ 13,074,717 $ 12,645,463 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) $ 0 $ 0 $ 0 Total Local Transportation Assistance Fund $ 0 $ 0 $ 0 In Lieu Payments S 15,068 Interest $ 120 Miscellaneous $ 7,602 $ 15,068 $ 120 $ 7,602 $ 25,200 $ 120 $ 4,800 $ 1,338,590 $ 11338,590 $ 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 $ 270,629 $ 301,900 $ 272,138 $ 270,629 $ 301,900 $ 272,138 Court Enhancement Fund TOWN OF FOUNTAIN HILLS, ARIZONA Summary by Fund Type of Other Financing SourceakUses> 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 81995,911 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 4,253,100 Shea Boulevard 4,263,100 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 Govemment 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 $ 163,598 $ 0 TOTAL ALL FUNDS $ 15,696,708 $ 18,629,405 $ 357,848 $ 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 Special 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 Contingency Total Capital Projects Funds INTERNAL SERVICE FUNDS wuvrIcv 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 MA r- 614 WI I Unri EXPENSE ADJUSTMENTS APPROVED 2010 -11 $ $ $ (23.200) $ 320 S 3,500 S $ 20,000 EST ACTUAL EXPENDITURES/ EXPENSES 2010.11' $ 65,000 $ 376,000 $ 2,100.000 $ 1,557,557 $ 2,325,730 S 2,751,687 $ 3,062,411 0 BUDGETED EXPENDITURES/ EXPENSES 2011 -12 $ 75,907 $ 432.855 $ 2,265,495 S 1,618,167 $ 2,192,415 $ 2,899,839 $ 3,156,212 0 $ 12,634,425 S 620 $ 12,237,385 $ 12,640,890 $ 1,284,211 $ $ 1,284,211 $ 1,297,972 $ 20,350 $ $ 10,000 $ 758 S 40,350 $ $ 12,500 $ 33,250 $ 0 $ $ 0 $ 1,500,000 $ 572,976 $ $ 150,000 $ 234,380 5,485,874 500,000 0 $ 7,403,761 $ 0 $ 1,956,711 $ 3,066,360 $ 1,019,413 $ $ 1,019,413 $ 1,019,413 0 $ $ 0 $ 0 1,424,463 1,424,463 3,315 3,315 421,610 421,610 $ 2,868,801 $ 0 $ 2,868,801 4,011,947 3,315 421,610 $ 5,456,285 $ $ $ 0 1 $ 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 6,446,116 1,200,000 17,140,139 0 0 0 $ 6,446,116 $ 0 $ 1,200,000 $ 17,140,139 Vehicle &Equipment Replacement $ $ $ 0 Vehicle &Equipment Replacement $ 123,567 $ $ 123,567 Total Internal Service Funds 123,567 123,567 TOTAL ALL FUNDS $ 29,476,670 $ 620 $ 18,386,464 $ 102,370 102,370 $ 36,476,044 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,