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Home My WebLink AboutRes 2014-19RESOLUTION NO.2014-19 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 2014-2015. WHEREAS,pursuant tothe provisions of thelaws of theState of Arizona,theMayorand Council of the Town of Fountain Hills(the "Town Council")is required toadoptabudget;and WHEREAS,in accordance with ARIZ.REV.STAT.§42-17102,the Town Manager has prepared andfiled with the Town Council the Town Manager's Budget estimates forthefiscalyear beginning July1,2014and ending June30,2015. 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 fullysetforthherein. SECTION 2.The statements and schedules attached hereto as Exhibit A and incorporated herein by reference are hereby adopted asthe Town's official tentative budget forthefiscalyear beginning July 1,2014and ending June30,2015,including the establishment of the maximum budgetamountforsuchfiscalyearinthe amount of $44,807,389.00. SECTION 3.Upon approval of the Town Council,the Town Manager or designee shall publishintheofficialTownnewspaperonceaweekfortwoconsecutiveweeks(i)theofficial tentative budgetand(ii)a notice of the public hearing of the Town Counciltoheartaxpayersand maketaxleviesatdesignatedtimesandplaces.Thenoticeshallincludethephysicaladdresses ofthe Fountain Hills Town Hallandthe Fountain Hills Public Library andthe website where the tentative budget may be found. SECTION4.The Town Manager or designee shall,nolaterthanseven business daysafter thedate ofthis Resolution,(i)make available atthe Fountain HillsTownHallandtheFountainHills PublicLibraryacompletecopy of thetentativebudget,and(ii)postthetentativebudgetina prominentlocationonthe Town's website. SECTION5.TheMayor,theTownManager,theTownClerkandtheTownAttorneyare herebyauthorizedanddirectedtotakeallstepsnecessarytocarryoutthepurposeandintentofthis Resolution. [SIGNATURES ON FOLLOWING PAGE] 2157683.3 PASSED AND ADOPTED BY the Mayor and Council of the Town of Fountain Hills, Arizona,May1,2014. FOR THE TOWN OF FOUNTAIN HILLS:ATTESTED TO: __.<MMtf?^4^/N&^ >inda M.Kavariagh,Mayoi^Bevelyn J.Ben/ier,Town Clerk REVIEWED BY:APPROVED AS TO FORM: Ke^daLlO.Qh>c3<du^qla^s^ KennethW.Buchanan,Town Manager Andrew J.McGuire,Town Attorney 2157683.3 2157683.3 EXHIBIT A TO RESOLUTION NO.2014-19 [Tentative Budget] See following pages. a FUND 1.General Fund 2.Special Revenue Funds 3.Debt Service Funds Available 4.Less:Amounts for Future Debt Retirement 5.Total Debt Service Funds 6.Capital Projects Funds 7.Permanent Funds 8.Enterprise Funds Available 9.Less:Amounts for Future Debt Retirement 10.Total Enterprise Funds 11.Internal Service Funds 12.TOTAL ALL FUNDS TOWN OF FOUNTAIN HILLS Summary Schedule of Estimated Revenues and Expenditures/Expenses Fiscal Year 2015 ADOPTED BUDGETED EXPENDITURES/ EXPENSES* 2014 13,183,057 6,806,855 2,552,485 2,552,485 18,254,080 858,901 41,655,378 ACTUAL EXPENDITURES/ EXPENSES" 2014 $13,183,057 6,806,855 2,552,485 2,552,485 18,254,080 858,901 41,655,378 FUND BALANCE/ NET POSITION*" July 1,2014" $6,917,900 136,976 (16,587) (16,587) 8,032,581 31,681 $15,102,551 PROPERTY TAX REVENUES 2015 Primary: Secondary: 463,622 463,622 463,622 EXPENDITURE LIMITATION COMPARISON 1.Budgeted expenditures/expenses 2.Add/subtract:estimated net reconciling items 3.Budgeted expenditures/expenses adjusted for reconciling items 4.Less:estimated exclusions 5.Amount subject to the expenditure limitation 6.EEC or voter-approved alternative expenditure limitation ESTIMATED REVENUES OTHER THAN PROPERTY TAXES 2015 $13,675,484 4,151,439 1,525,358 1,525,358 12,870,890 231,219 $32,454,390 OTHER FINANCING 2015 SOURCES <USES> 8,200,0008,200,000 $8,200,000 8,200,000 2014 2015 $41,655,378 S44,807,389 41,655,37844,807,389 20,157,414 21,266,457 $21,497,964 $23,540,932 $25,503,864 $26,097,167 INTERFUND TRANSFERS 2015 IN <OUT> $631,439 193,000 1,907,052 236,000 236,000 2,445,772 567,500 231,219 $3,105,991 $3,105,991 ||The city/towndoesnotlevypropertytaxesanddoesnothavespecial assessment districtsforwhichpropertytaxesarelevied.Therefore,ScheduleBhasbeenomitted. *Includes Expenditure/Expense Adjustments Approved in current year from Schedule E. **Includes actual amounts as of the date the proposed budget was prepared,adjusted for estimated activity for the remainder of the fiscal year. ***Amounts in this column represent Fund Balance/Net Position amounts except for amounts not in spendable form (e.g.,prepaids and inventories)or legally or contractually required to be maintained intact (e.g.,principal of a permanent fund). 4/13 SCHEDULE A TOTAL FINANCIAL RESOURCES AVAILABLE 2015 $19,961,945 2,574,363 2,208,393 2,208,393 22,781,743 494,119 $48,020,563 BUDGETED EXPENDITURES/ EXPENSES 2015 13,678,784 6,271,546 2,008,335 2,008,335 22,775,330 73,394 44,807,389 TOWN OF FOUNTAIN HILLS Tax Levy and Tax Rate Information Fiscal Year 2015 2014 2015 1.Maximum allowable primary property tax levy. A.R.S.§42-17051(A)$$ 2.Amount received from primary property taxation in the current year in excess of the sum of that year's maximum allowable primary property tax levy. A.R.S.§42-17102(A)(18)$ 3.Property tax levy amounts A.Primary property taxes $$ B.Secondary property taxes 1,013,040 463,622 C.Totalpropertytaxlevy amounts $1,013,040 $463,622 $ 1,013,040 $1,013,040 $ $ $1,000,800 $1,000,800 $1,000,800 0.2765 0.2765 Property taxes collected* A.Primary property taxes (1)Current year's levy (2)Prior years'levies (3)Total primary property taxes B.Secondary property taxes (1)Current year's levy (2)Prior years'levies (3)Total secondary property taxes C.Total property taxes collected Property tax rates A.City/Town tax rate (1)Primary property tax rate (2)Secondary property tax rate 0.2765 0.1151 (3)Totalcity/town tax rate 0.2765 0.1151 B.Special assessment district tax rates Secondary propertytax rates -Asof the date the proposed budget was prepared,the city/town wasoperatingtwo(2)special assessment districtsforwhich secondary property taxes are levied.Forinformationpertainingto these special assessment districts and their tax rates,please contact the city/town. Includesactualproperty taxes collected as ofthe date the proposed budget was prepared,plus estimated property tax collections for the remainder of the fiscal year. 4/13 SCHEDULE B TOWN OF FOUNTAIN HILLS Revenues Other Than Property Taxes Fiscal Year 2015 SOURCE OF REVENUES ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES*REVENUES 2014 2014 2015 7,016,880 $7,016,880 $7,232,640 303,000 303,000 316,400 47,365 47,365 41,006 108,960 108,960 111,305 1,500 1,500 1,500 299,020 299,020 390,900 3,350 3,350 3,350 1,260 1,260 1,348 21,000 21,000 21,000 1,825 1,825 2,500 2,500 2,500 2,500 10,000 10,000 10,000 50,000 50,000 50,000 1,936,920 1,936,920 2,048,760 109,769 109,769 35,000 2,508,960 2,508,960 2.722,248 124,848 124,848 124,850 35,000 35,000 35,000 4,000 4,000 4,000 17,000 17,000 17,000 89,088 89,088 101,350 135,456 135,456 140,412 246,420 246,420 150,011 61,200 61,200 62,424 47,736 47,736 49,980 13,183,057 $13,183,057 $13,675,484 GENERAL FUND Local taxes Local Sales Tax Franchise Tax Licenses and permits Animal License Fees Business License Fees Liquor License Fees Building Permit Fees Sign Permits Landscape Permit Fees Subdivision Fees Special Event Permits Engineering Fees Planning &Zoning Fees Improvement Plan Review Fees Intergovernmental State Sales Tax Fire Insurance Premium Tax Shared Income Tax Vehicle License Tax Charges for services Parks &Rec User Fees Encroachment Fees Variances Inspection Fees Community Center Rental Fees Leases &Rents Fines and forfeits Court Fines Interest on investments Interest on Investments In-lieu property taxes Contributions Miscellaneous Miscellaneous Total General Fund $ 4/13 Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared,plus estimated revenues forthe remainder ofthefiscal year. SCHEDULE C TOWN OF FOUNTAIN HILLS Revenues Other Than Property Taxes Fiscal Year 2015 SOURCE OF REVENUES SPECIAL REVENUE FUNDS Highway User Revenue Fund HighwayUserTax Vehicle License Tax In-Lieu Fees Interest Miscellaneous Downtown Strategy Fund Sales-Excise Tax Economic Development Fund Sales-Excise Tax Grants Miscellaneous Public Art Public Art Court Enhancement Fund Court Enhancement Fund Cottonwoods Maintenance District Cottonwoods Maintenance District ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES*REVENUES 2014 2014 2015 $1,268,640 $1,268,640 $1,194,094 749,700 749,700 867,000 25,000 25,000 12,000 1,200 1,200 1,200 6,300 6,300 6,300 $2,050,840 $2,050,840 $2,080,594 $114,084 $114,084 $117,540 $114,084 $114,084 $117,540 $171,119 $ $ 171,119 $176,400 $171,119 171,119 $176,400 1,498,655 1,498,655 1,566,132 $1,498,655 $1,498,655 $1,566,132 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $14,550 $14,550 $14,550 $14,550 $14,550 $14,550 $4,823 $4,823 $4,823 $4,823 $4,823 $4,823 $3,869,071 $3,869,071 $4,151,439TotalSpecialRevenueFunds$ Includes actual revenues recognized onthemodified accrual or accrual basis as ofthe date the proposed budget was prepared,plus estimated revenues forthe remainder ofthefiscalyear. 4/13 SCHEDULE C TOWN OF FOUNTAIN HILLS Revenues Other Than Property Taxes Fiscal Year 2015 SOURCE OF REVENUES DEBT SERVICE FUNDS General Obligation Debt Service Secondary PropertyTax Interest Income Eagle Mountain CFD Municipal Property Corp Total Debt Service Funds $ CAPITAL PROJECTS FUNDS ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES*REVENUES 2014 2014 2015 1,013,040 $1,013,040 $474,000 210 210 210 1,013,250 $1,013,250 $474,210 430,848 $430,848 $430,848 788,000 788,000 620,300 1,218,848 $1,218,848 $1,051,148 2,232,098 $2,232,098 $1,525,358 120,000 $120,000 $324,600 3,878,000 3,878,000 4,314,000 2,093,000 2,093,000 8,400,0008,400,000 8,219,800 14,491,000 $14,491,000 $12,858,400 15,860 $15,860 $ 3,540 3,540 4,990 94,802 94,802 14,79014,790 7,500 1,740 $ 1,740 $130,732 130,732 12,490 14,621,732 $14,621,732 $12,870,890 Sales Tax-Local Grants Transfers Miscellaneous Law Enforcement Development Fees Fire/Emergency Development Fees Streets Development Fees Parks &Recreation Development Fees Library/Museum Development Fees $ Total Capital Projects Funds $ Includes actual revenues recognized onthemodified accrual or accrual basis as ofthe date the proposed budget was prepared,plus estimated revenues forthe remainder ofthefiscalyear. 4/13 SCHEDULE C TOWN OF FOUNTAIN HILLS Revenues Other Than Property Taxes Fiscal Year 2015 SOURCE OF REVENUES ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES*REVENUES 2014 2014 2015 PERMANENT FUNDS Total Permanent Funds $ ENTERPRISE FUNDS $$$ $$$ $$$ $$$ $$$ $$$Total Enterprise Funds $ *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. INTERNAL SERVICE FUNDS Internal Service Fund Vehicle Replacement Fund $61,330 $61,330 $62,246 122,782 122,782 168,973 $184,112 $184,112 $231,219 $184,112 $184,112 $231,219 $34.090.070 $34.090.070 $32.454.390 Total Internal Service Funds $ 4/13 TOTAL ALL FUNDS $ Includes actual revenues recognized onthemodified accrual or accrual basis as ofthe date the proposed budget was prepared,plus estimated revenues forthe remainder ofthefiscal year. SCHEDULE C TOWN OF FOUNTAIN HILLS Other Financing Sources/<Uses>and Interfund Transfers Fiscal Year 2015 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ OTHER FINANCING 2015 INTERFUND TRANSFERS 2015 FUND SOURCES <USES>IN <OUT> GENERAL FUND Annual Debt Pmt for Community Center Project F4025 $$$ $ $ 193,500 12,000 Economic Development fund 90,000 Facilities Replacement fund 143,772 Interfund charges-vehicle replacement 135,301 Interfund charges 56,866 Total General Fund SPECIAL REVENUE FUNDS Excise Tax-Project E8502 Excise Tax-Project E8504 $ $ $ $ 631,439 200,000 1,525,000 Excise Tax-Project S6009 40,000 Economic Development Fund 90,000 103,000 103,000 Tourism Fund HURF-lnterfund Charges $ $ 5,380 HURF-lnterfund Charges-vehicle replace 33,672 Total Special Revenue Funds DEBT SERVICE FUNDS Annual Debt Pmt for Community Center $ $ $ $ 193,000 236,000 1,907,052 Total Debt Service Funds CAPITAL PROJECTS FUNDS Project E8502 $$236,000 200,000 1,525,000 40,000 250,000 12,000 $ $ Project E8504 Project S6009 Project F4005 Project F4027 Bond Proceeds 8,200,000 Project S6005 275,000 Project S6010 8,200,000 fund Facilities Replacement Fund 610 143,772 Law Enforcement Dev Fee $ $ 203,000 Fire/Emergency Dev Fee 47,000 Streets Dev Fee 275,000 Library/Museum Dev Fee 42,500 Total Capital Projects Funds PERMANENT FUNDS 8,200,000 $ $ 8,200,000 $ $ 2,445,772 567,500 Total Permanent Funds ENTERPRISE FUNDS $ $ $ $ $ $ Total Enterprise Funds INTERNAL SERVICE FUNDS Interfund Charges Vehicle Replacement &Motor Pool $ $ $ $62,246 168,973 $ $ Total Internal Service Funds TOTAL ALL FUNDS 8,200,000 $ $8,200,000 $ $ 231,219 3,105,991 $ $3,105,991 4/13 SCHEDULE D TOWN OF FOUNTAIN HILLS Expenditures/Expenses by Fund Fiscal Year 2015 ADOPTED EXPENDITURE/ BUDGETED EXPENSE ACTUAL BUDGETED EXPENDITURES/ADJUSTMENTS EXPENDITURES/EXPENDITURES/ EXPENSES APPROVED EXPENSES*EXPENSES FUND/DEPARTMENT 2014 2014 2014 2015 GENERAL FUND Mayor &Town Council Municipal Court $79,702 362,401 2,120,074 1,849,106 2,232,231 3,121,325 3,418,218 $$79,702 362,401 2,099,421 1,849.106 2,252,884 3,121,325 3,418,218 $85,158 275,165 Administration Development Services (20,653)2,089.705 2,014,506 Community Services Law Enforcement 20,653 2,387,521 3,379,630 Fire &Emergency Medical 3,447,099 Total General Fund $13,183,057 $$13,183,057 $13,678,784 SPECIAL REVENUE FUNDS Highway User Revenue Fund Downtown Strategy Fund $ $ 2,322,318 1,954,079 171,119 $ $ 994,000 $ $ 3,316,318 1,954,079 171,119 $ $ 2,387,204 1,879,079 Economic Development Fund 229,741 Tourism Fund 110,175 Public Art Fund 15,000 48,875 1,498,655 3.500 6,013,546 15,000 48,875 1,297,964 3,500 6,806,855 15,000 Court Enhancement Fund 80,615 Grants Fund Cottonwoods Maint District (200,691)1,566,132 3,600 Total Special Revenue Funds 793,309 6,271,546 DEBT SERVICE FUNDS General Obligation Bonds Eagle Mountain CFD $ $ 1,015,850 425,235 1,111,400 $ $ $ $ 1,015,850 425,235 1,111,400 $ $ 472,100 423,035 Municipal Property Corp 1,113,200 Total Debt Service Funds 2,552,485 2,552,485 2,008,335 CAPITAL PROJECTS FUNDS Capital Projects Law Enforcement Dev Fee $ $ 19,198,080 5,000 5,000 20,000 15,000 5,000 $ $ (994,000)$ $ 18,204,080 5,000 5,000 20,000 15,000 5,000 $ $ 22,207,830 203,000 Fire/Emergency Dev Fee 47,000 Streets Dev Fee 275,000 Park/Rec Dev Fee Library/Museum Dev Fee 42,500 Total Capital Projects Funds 19,248,080 (994,000)18,254,080 22,775,330 PERMANENT FUNDS $ $ $ $ $ $ $ $Total Permanent Funds ENTERPRISE FUNDS $ $ $ $ $ $ $ $Total Enterprise Funds INTERNAL SERVICE FUNDS Internal Service Vehicle Replacement $ $ 71,010 587,200 $ $ 200,691 $ $ 71,010 787,891 $ $ 72,394 1,000 Total Internal Service Funds 658,210 200,691 858,901 73,394 TOTAL ALL FUNDS $41,655,378 $$41,655,378 $44,807,389 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 forthe remainder ofthefiscalyear. 4/13 SCHEDULE E TOWN OF FOUNTAIN HILLS Expenditures/Expenses by Department Fiscal Year 2015 DEPARTMENT/FUND $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ ADOPTED BUDGETED EXPENDITURES/ EXPENSES 2014 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ EXPENDITURE/ EXPENSE ADJUSTMENTS APPROVED 2014 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ ACTUAL EXPENDITURES/ EXPENSES* 2014 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ BUDGETED EXPENDITURES/ EXPENSES 2015 Mayor &Council General Fund Mayor &Council Total 79,702 79.702 2,120,074 1,954,079 171,119 1,498,655 1,015,850 1,111,400 3,500 2,130,080 71,010 587,200 10.662.967 362,401 48,875 411.276 1,849,107 2,322,318 425,235 15,223,000 20,000 (20,653) 79,702 79.702 2,099,421 1,954,079 171,119 1,297,964 1,015,850 1,111,400 3,500 2,110,080 71,010 669,214 10.503.637 85,158 85.158 Administration General Fund Downtown Strategy Fund 2,089,705 1,879.079 Economic Development Fund 229.741 Special Revenue Fund General Obligation Debt (200.691)1,566,132 472.100 Municipal Property Corp 1,113,200 Cottonwoods Maint District 3,600 Capital Projects Internal Service (20,000)2,055,080 72,394 Vehicle Replacement Administration Total 82,014 (159.330) 994,000 1,000 9.482.031 Municipal Court General Fund Court Enhancement Fund Municipal Court Total Development Services General Fund Highway User Revenue Fund Eagle Mountain CFD 362,401 48,875 411.276 1,849,107 3,316,318 425,235 14,229,000 20,000 118,677 19.958.337 2,252,883 275,165 80,615 355.780 2,014,506 2,387,204 423,035 Capital Projects Streets Development Fee (994,000)15,808,000 275,000 Vehicle Replacement Fund 118,677 118.677 20,653 Development Services Total Community Services General Fund Tourism Fund 19.839.660 2,232,230 20.907.745 2,387,522 110,175 Public Art Fund 15,000 1,145,000 15,000 15,000 1,145,000 15,000 15,000 Capital Projects 1,714,750 Park/Rec Development Fee Open Space Development Fee Library/Museum Dev Fee 5,000 3.412.230 3,418,218 700,000 5,000 4.123.218 3,121,325 5,000 3.126.325 5,000 3.432.883 3,418,218 720,000 5,000 4.143.218 3,121,325 5,000 3.126.325 42,500 Community Services Total Fire &Emergency Medical General Fund Capital Projects Fire/Emergency Dev Fee Fire &Emergency Med Total Law Enforcement General Fund Law Enforcement Dev Fee 20.653 20,000 20,000 4.269.947 3.447,099 2,630.000 47,000 6.124.099 3,379,630 203,000 Law Enforcement Total 3.582.630 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. 4/13 SCHEDULE F FUND GENERAL FUND SPECIAL REVENUE FUNDS Highway User Revenue Fund Economic Development Fund Tourism Fund Total Special Revenue Funds DEBT SERVICE FUNDS Total Debt Service Funds CAPITAL PROJECTS FUNDS Total Capital Projects Funds PERMANENT FUNDS Total Permanent Funds ENTERPRISE FUNDS Total Enterprise Funds TOTAL ALL FUNDS 4/13 TOWN OF FOUNTAIN HILLS Full-Time Employees and Personnel Compensation Fiscal Year 2015 Full-Time Employee Salaries Equivalent (FTE)andHourly Costs Retirement Costs Healthcare Costs 2015 2015 2015 2015 47 $2,510,372 $235,739 $376,339 $ 5$277,556 $30,533 $63,080 $ 50.449 36,211 700 789 5$364,216 $31,233 $63,869 $ 52 $2,874,588 $266,972 $440,208 $ SCHEDULE G Total Estimated Other Benefit Personnel Costs Compensation 2015 2015 147,412 =$ 44,724 =$ 4,206 4,675 53,605 =$~ =$ =$. =$; =$. =*! =$_ =$' 201.017 =$ 3,269,862 415.893 54.655 42.375 512.923 3,782,785