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Home My WebLink AboutRes 2015-122373613.3 RESOLUTION 2015-12 A RESOLUT ION 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 2015-2016. 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, 2015 and ending June 30, 2016. 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, 2015 and ending June 30, 2016, including the establishment of the maximum budget amount for such fiscal year in the amount of $37,960,501.75. 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, in the form attached as Exhibit B and incorporated herein by reference, 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 addresses of the Fountain Hills Town Hall, the Fountain Hills branch of the Maricopa County Library and the Town website where the tentative budget may be found. SECTION 4. The Town Manager or designee shall, no later than seven business days after the date of this Resolution, (i) make available at the Fountain Hills Town Hall and the Fountain Hills branch of the Maricopa County Library a complete copy of the tentative budget, and (ii) post the tentative budget in a prominent location 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] 2373613.3 3 EXHIBIT A TO RESOLUTION 2015-12 [Tentative Budget] See following pages. Fiscal YearGeneral FundSpecial Revenue Fund Debt Service FundCapital Projects Fund Permanent FundEnterprise Funds AvailableInternal Service Funds Total All Funds2015 Adopted/Adjusted Budgeted Expenditures/Expenses* E 13,220,510 4,142,953 2,008,335 22,353,852 0 0 90,146 41,815,7962015 Actual Expenditures/Expenses** E 13,220,510 4,142,953 2,008,335 22,353,852 0 0 90,146 41,815,7962016 Fund Balance/Net Position at July 1*** 7,872,471 2,993,370 173,442 12,794,907 431,885 24,266,0752016 Primary Property Tax LevyB002016 Secondary Property Tax LevyB 2,109,4772,109,4772016 Estimated Revenues Other than Property Taxes C 13,901,466 4,900,861 1,091,931 2,398,757 0 0 275,017 22,568,0322016 Other Financing Sources D 0 000000 02016 Other Financing (Uses) D 0 000000 02016 Interfund Transfers In D 2,000 411,579 0 827,401 0 0 0 1,240,9802016 Interfund Transfers (Out) D 309,194 661,100 0 270,686 0 0 0 1,240,9802016 Reduction for Amounts Not Available:LESS: Amounts for Future Debt Retirement173,442173,442Rainy Day Fund 2,633,8102,633,810002016 Total Financial Resources Available18,832,933 7,644,710 3,201,408 15,750,379 0 0 706,902 46,136,3322016 Budgeted Expenditures/Expenses E 13,594,272 5,591,732 3,040,542 14,393,420 0 0 99,555 36,719,521EXPENDITURE LIMITATION COMPARISON2015 20161. Budgeted expenditures/expenses 41,815,796$ 36,719,521$ 2. Add/subtract: estimated net reconciling items(1,539,835) (949,863) 3. Budgeted expenditures/expenses adjusted for reconciling items40,275,961 35,769,658 4. Less: estimated exclusions15,813,575 12,552,089 5. Amount subject to the expenditure limitation24,462,386$ 23,217,569$ 6. EEC expenditure limitation26,097,167$ 26,804,069$ ******TOWN OF FOUNTAIN HILLSSummary Schedule of Estimated Revenues and Expenditures/ExpensesFiscal Year 2016Includes actual amounts as of the date the proposed budget was prepared, adjusted for estimated activity for the remainder of the fiscal year.Amounts on this line 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).SchFUNDSIncludes Expenditure/Expense Adjustments Approved in the current year from Schedule E. The city/town does not levy property taxes and does not have special assessment districts for which property taxes are levied. Therefore, Schedule B has been omitted. 4/15SCHEDULE A 2015 2016 1. $$ 2. $ 3. Property tax levy amounts A. Primary property taxes $ $ B. Secondary property taxes 463,622 2,109,477 C. Total property tax levy amounts $463,622 $2,109,477 4. 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 $ 463,622 (2) Prior years’ levies (3) Total secondary property taxes $ 463,622 C. Total property taxes collected $463,622 5. Property tax rates A. City/Town tax rate (1) Primary property tax rate (2) Secondary property tax rate 0.1151 0.5246 (3) Total city/town tax rate 0.1151 0.5246 B. Special assessment district tax rates Secondary property tax rates - As of the date the proposed budget was prepared, the 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 city/town. * city/town was operating 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. 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) TOWN OF FOUNTAIN HILLS Tax Levy and Tax Rate Information Fiscal Year 2016 Maximum allowable primary property tax levy. A.R.S. §42-17051(A) 4/15 SCHEDULE B ESTIMATED REVENUES ACTUAL REVENUES* ESTIMATED REVENUES 2015 2015 2016 GENERAL FUND Local taxes Local Sales Tax $ 7,232,640 $ 7,232,640 $ 7,317,367 Franchise Tax 316,400 316,400 324,310 Licenses and permits Animal License Fees 41,006 41,006 41,832 Business License Fees 111,305 111,305 109,575 Liquor License Fees 1,500 1,500 1,500 Building Permit Fees 390,900 390,900 257,755 Sign Permits 3,350 3,350 3,350 Landscape Permit Fees 1,348 1,348 2,100 Subdivision Fees 21,000 21,000 21,000 Special Event Permits 2,500 2,500 2,500 Engineering Fees 2,500 2,500 2,500 Planning & Zoning Fees 10,000 10,000 10,000 Improvement Plan Review Fees 50,000 50,000 193,316 Intergovernmental State Sales Tax 2,048,760 2,048,760 2,148,444 Fire Insurance Premium Tax 35,000 35,000 36,050 Shared Income Tax 2,722,248 2,722,248 2,707,673 Charges for services Parks & Rec User Fees 124,850 124,850 135,200 Encroachment Fees 35,000 35,000 20,000 Variances 4,000 4,000 4,000 Inspection Fees 17,000 17,000 17,000 Community Center Rental Fees 101,350 101,350 81,300 Leases & Rents 140,412 140,412 199,531 Fines and forfeits Court Fines 150,011 150,011 147,011 Interest on investments Interest on Investments 62,424 62,424 50,000 In-lieu property taxes Contributions Voluntary contributions Miscellaneous Miscellaneous 53,280 53,280 68,152 Total General Fund $ 13,678,784 $ 13,678,784 $ 13,901,466 * TOWN OF FOUNTAIN HILLS Revenues Other Than Property Taxes Fiscal Year 2016 Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was SOURCE OF REVENUES 4/15 SCHEDULE C ESTIMATED REVENUES ACTUAL REVENUES* ESTIMATED REVENUES 2015 2015 2016 TOWN OF FOUNTAIN HILLS Revenues Other Than Property Taxes Fiscal Year 2016 SOURCE OF REVENUES SPECIAL REVENUE FUNDS Highway User Revenue Fund Highway User Tax $ 1,194,094 $ 1,194,094 $ 1,403,324 Vehicle License Tax 867,000 867,000 888,838 In-Lieu Fees 12,000 12,000 12,000 Interest 1,200 1,200 300 Miscellaneous 6,300 6,300 6,000 $ 2,080,594 $ 2,080,594 $ 2,310,462 Downtown Strategy Fund Sales-Excise Tax $ 117,540 $ 117,540 $ 66,517 Interest 6,000 $ 117,540 $ 117,540 $ 72,517 Economic Development Fund Sales-Excise Tax $ 176,400 $ 160,300 $ 266,066 $ 176,400 $ 160,300 $ 266,066 Grants Miscellaneous $ 1,566,132 $ 1,433,211 $ 1,655,000 $ 1,566,132 $ 1,433,211 $ 1,655,000 Public Art Public Art $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ 15,000 Court Enhancement Fund Court Enhancement Fund $ 14,550 $ 14,550 $ 16,450 $ 14,550 $ 14,550 $ 16,450 Cottonwoods Maintenance District Cottonwoods Maintenance District $ 4,823 $ 4,823 $ 5,366 $ 4,823 $ 4,823 $ 5,366 Tourism Fund Grants $ $ $ 20,000 $ $ $ 20,000 Environmental Fund Environmental Fee $ $ $ 540,000 $ $ $ 540,000 Total Special Revenue Funds $ 3,975,039 $ 3,826,018 $ 4,900,861 * Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was 4/15 SCHEDULE C ESTIMATED REVENUES ACTUAL REVENUES* ESTIMATED REVENUES 2015 2015 2016 TOWN OF FOUNTAIN HILLS Revenues Other Than Property Taxes Fiscal Year 2016 SOURCE OF REVENUES DEBT SERVICE FUNDS General Obligation Debt Service Interest Income 210 210 210 $ 210 $ 210 $ 210 Eagle Mountain CFD $ 430,848 $ 430,848 $ 426,456 Municipal Property Corp 620,300 620,300 665,265 $ 1,051,148 $ 1,051,148 $ 1,091,721 Total Debt Service Funds $ 1,051,358 $ 1,051,358 $ 1,091,931 CAPITAL PROJECTS FUNDS Sales Tax-Local $ 324,600 $ 324,600 $ 332,035 Grants 4,314,000 4,214,000 1,790,000 Interest 12,000 Miscellaneous 8,219,800 8,400,000 154,082 $ 12,858,400 $ 12,938,600 $ 2,288,117 Law Enforcement Development Fees $ 100 $ 100 $ Fire/Emergency Development Fees 4,990 4,990 26,580 Parks & Recreation Development Fees 7,500 7,500 78,060 Open Space Development Fees-Interest Only 6,000 $ 12,590 $ 12,590 $ 110,640 Total Capital Projects Funds $ 12,870,990 $ 12,951,190 $ 2,398,757 PERMANENT FUNDS $$$ $$$ Total Permanent Funds $$$ ENTERPRISE FUNDS $$$ Total Enterprise Funds $$$ INTERNAL SERVICE FUNDS Internal Service Fund $ 62,246 $ 62,246 $ 68,555 Vehicle Replacement Fund 168,973 168,973 206,462 $ 231,219 $ 231,219 $ 275,017 Total Internal Service Funds $ 231,219 $ 231,219 $ 275,017 TOTAL ALL FUNDS $ 31,807,390 $ 31,738,569 $ 22,568,032 * Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was 4/15 SCHEDULE C FUND SOURCES <USES> IN <OUT> GENERAL FUND Economic Development fund $$$$50,000 Facilities Replacement fund 81,715 Excise Tax 2,000 Environmental Fund 177,479 Total General Fund $ $ $ 2,000 $ 309,194 SPECIAL REVENUE FUNDS Economic Development Fund $ $ $ 50,000 $ 139,100 Tourism Fund 139,100 HURF-Environmental Fund 45,000 Excise Tax-General Fund 2,000 Excise Tax-Project S6010 275,000 Excise Tax-Project E8502 200,000 Environmental Fund 222,479 Total Special Revenue Funds $ $ $ 411,579 $ 661,100 DEBT SERVICE FUNDS Annual Debt Pmt for Community Center $$$$ Total Debt Service Funds $$$$ CAPITAL PROJECTS FUNDS Facilities Replacement Fund $ $ $ 81,715 $ Project S6010 275,000 Project F4005 270,686 Development Fees-Project F4005 270,686 Project E8502 200,000 Total Capital Projects Funds $ $ $ 827,401 $ 270,686 PERMANENT FUNDS $$$$ Total Permanent Funds $$$$ ENTERPRISE FUNDS $$$$ Total Enterprise Funds $$$$ INTERNAL SERVICE FUNDS $$$$ Total Internal Service Funds $$$$ TOTAL ALL FUNDS $ $ $ 1,240,980 $ 1,240,980 2016 2016 TOWN OF FOUNTAIN HILLS Other Financing Sources/<Uses> and Interfund Transfers Fiscal Year 2016 OTHER FINANCING INTERFUND TRANSFERS 4/15 SCHEDULE D ADOPTED BUDGETED EXPENDITURES/ EXPENSES EXPENDITURE/ EXPENSE ADJUSTMENTS APPROVED ACTUAL EXPENDITURES/ EXPENSES* BUDGETED EXPENDITURES/ EXPENSES 2015 2015 2015 2016 GENERAL FUND Mayor & Town Council $ 80,318 $ $ 80,318 $ 80,084 Municipal Court 275,165 275,165 277,107 Administration 2,004,545 2,004,545 2,166,210 Development Services 1,870,734 1,870,734 1,624,530 Community Services 2,194,021 (19,002)2,175,019 2,260,574 Law Enforcement 3,379,630 3,379,630 3,683,970 Fire & Emergency Medical 3,435,099 3,435,099 3,501,797 Total General Fund $ 13,239,512 $(19,002)$ 13,220,510 $ 13,594,272 SPECIAL REVENUE FUNDS Highway User Revenue Fund $ 2,387,204 $ $ 2,387,204 $ 2,798,025 Downtown Strategy Fund 114,079 114,079 80,886 Economic Development Fund 126,741 126,741 182,001 Tourism Fund 110,175 16,100 126,275 136,921 Public Art Fund 15,000 15,000 15,000 Court Enhancement Fund 80,615 80,615 80,615 Grants Fund 1,566,132 (276,693)1,289,439 1,655,000 Cottonwoods Maint District 3,600 3,600 4,043 Environmental Fund 639,241 Total Special Revenue Funds $ 4,403,546 $(260,593)$ 4,142,953 $ 5,591,732 DEBT SERVICE FUNDS General Obligation Bonds $ 472,100 $ $ 472,100 $ 2,094,722 Eagle Mountain CFD 423,035 423,035 421,420 Municipal Property Corp 1,113,200 1,113,200 524,400 Total Debt Service Funds $ 2,008,335 $ $ 2,008,335 $ 3,040,542 CAPITAL PROJECTS FUNDS Capital Projects $ 22,207,830 $ 2,250 $ 22,210,080 $ 14,262,885 Law Enforcement Dev Fee Fire/Emergency Dev Fee Streets Dev Fee Open Space Dev Fee 535 Library/Museum Dev Fee Facilities Replacement Fund 143,772 143,772 130,000 Total Capital Projects Funds $ 22,207,830 $ 146,022 $ 22,353,852 $ 14,393,420 PERMANENT FUNDS $$$$ Total Permanent Funds $$$$ ENTERPRISE FUNDS $$$$ Total Enterprise Funds $$$$ INTERNAL SERVICE FUNDS Internal Service $ 72,394 $ $ 72,394 $ 68,555 Vehicle Replacement 1,000 16,752 17,752 31,000 Total Internal Service Funds $ 73,394 $ 16,752 $ 90,146 $ 99,555 TOTAL ALL FUNDS $ 41,932,617 $ (116,821) $ 41,815,796 $ 36,719,521 * Expenditures/Expenses by Fund Fiscal Year 2016 TOWN OF FOUNTAIN HILLS Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget FUND/DEPARTMENT 4/15 SCHEDULE E ADOPTED BUDGETED EXPENDITURES/ EXPENSES EXPENDITURE/ EXPENSE ADJUSTMENTS APPROVED ACTUAL EXPENDITURES/ EXPENSES* BUDGETED EXPENDITURES/ EXPENSES 2015 2015 2015 2016 Mayor & Council General Fund $ 80,318 $ $ 80,318 $ 80,084 Mayor & Council Total $ 80,318 $ $ 80,318 $ 80,084 Administration General Fund $ 2,004,545 $ $ 2,004,545 $ 2,166,210 Downtown Strategy Fund 114,079 114,079 80,886 Economic Development Fund 126,741 126,741 182,001 Special Revenue Fund 1,566,132 (276,693)1,289,439 1,655,000 General Obligation Debt 472,100 472,100 2,094,722 Municipal Property Corp 1,113,200 1,113,200 524,400 Cottonwoods Maint District 3,600 3,600 4,043 Capital Projects 2,055,080 2,055,080 342,885 Internal Service 72,394 72,394 68,555 Vehicle Replacement 1,000 16,752 17,752 31,000 Administration Total $ 7,528,871 $ (259,941) $ 7,268,930 $ 7,149,702 Municipal Court General Fund $ 275,165 $ $ 275,165 $ 277,107 Court Enhancement Fund 80,615 80,615 80,615 Municipal Court Total $ 355,780 $ $ 355,780 $ 357,722 Development Services General Fund $ 1,870,734 $ $ 1,870,734 $ 1,624,530 Highway User Revenue Fund 2,387,204 2,387,204 2,798,025 Environmental Fund 639,241 Eagle Mountain CFD 423,035 423,035 421,420 Capital Projects 15,808,000 15,808,000 9,140,000 Streets Development Fee Facilities Replacement Fund 143,772 143,772 130,000 Development Services Total $ 20,488,973 $ 143,772 $ 20,632,745 $ 14,753,216 Community Services General Fund $ 2,194,021 $(19,002)$ 2,175,019 $ 2,260,574 Tourism Fund 110,175 16,100 126,275 136,921 Public Art Fund 15,000 15,000 15,000 Capital Projects 1,714,750 2,250 1,717,000 1,130,000 Open Space Development Fee 535 Library/Museum Dev Fee Community Services Total $ 4,033,946 $ (652) $ 4,033,294 $ 3,543,030 Fire & Emergency Medical General Fund $ 3,435,099 $ $ 3,435,099 $ 3,501,797 Capital Projects 2,630,000 2,630,000 3,650,000 Fire/Emergency Dev Fee Fire & Emergency Medical Total $ 6,065,099 $ $ 6,065,099 $ 7,151,797 Law Enforcement General Fund $ 3,379,630 $ $ 3,379,630 $ 3,683,970 Law Enforcement Dev Fee Law Enforcement Total $ 3,379,630 $ $ 3,379,630 $ 3,683,970 * Expenditures/Expenses by Department Fiscal Year 2016 TOWN OF FOUNTAIN HILLS 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. DEPARTMENT/FUND 4/15 SCHEDULE F Full-Time Equivalent (FTE)Employee Salaries and Hourly Costs Retirement Costs Healthcare CostsOther Benefit CostsTotal Estimated Personnel Compensation2016 2016 2016 2016 2016 201646.57 $ 2,542,462 $ 238,168 $ 349,124 $ $ 3,129,754Highway User Revenue Fund 4.50 $ 268,815 $ 29,570 $ 55,465 $ $ 353,850Economic Development Fund 1.00 80,866 8,895 12,296 102,057Tourism Fund 1.10 47,303 5,203 10,137 62,643Environmental Fund 0.25 17,665 1,943 2,204 21,812Total Special Revenue Funds6.85 $ 414,649 $ 45,611 $ 80,102 $ $ 540,362$$$$$Total Debt Service Funds$$$$$$$$$$Total Capital Projects Funds$$$$$$$$$$Total Permanent Funds$$$$$$$$$$Total Enterprise Funds$$$$$$$$$$Total Internal Service Fund$$$$$TOTAL ALL FUNDS53.42 $ 2,957,111 $ 283,779 $ 429,226 $ $ 3,670,116FUNDTOWN OF FOUNTAIN HILLSFull-Time Employees and Personnel CompensationFiscal Year 2016GENERAL FUNDINTERNAL SERVICE FUNDSPECIAL REVENUE FUNDSDEBT SERVICE FUNDSCAPITAL PROJECTS FUNDSPERMANENT FUNDSENTERPRISE FUNDS 4/15SCHEDULE G 2373613.3 4 EXHIBIT B TO RESOLUTION 2015-12 [Notice] See following page. 2373613.3 5 Town of Fountain Hills Public Notice Final Budget Adoption and Tax Levy Members of the public wishing to appear and testify or make inquiries regarding Fiscal Year 2015/16 Budgets for (i) the Town of Fountain Hills, (ii) the Eagle Mountain Community Facilities District Board, and (iii) the Cottonwoods Maintenance District Board, ending June 30, 2016, which will include fee increases or new fees, will be heard at public hearings scheduled for the June 4, 2015, beginning at 6:25 PM in the Town Hall Council Chambers, 16705 E. Avenue of the Fountains, Fountain Hills, AZ 85268. On June 18, 2015, beginning at 6:25 PM in the Town Hall Council Chambers, 16705 E. Avenue of the Fountains, Fountain Hills, AZ 85268, the Town of Fountain Hills, the Eagle Mountain Community Facilities District Board, and the Cottonwoods Maintenance District Board will adopt their property tax levies for Fiscal Year 2015/16, ending June 30, 2016. The final levy amount may be increased over the approved levy for fiscal year 2014-15. A complete copy of the each of the budgets for the Fiscal Year 2015-16 may be viewed at: 1. Fountain Hills Town Hall, 16705 E. Avenue of the Fountains, Fountain Hills, AZ 85268 2. Fountain Hills branch of the Maricopa County Library, 12901 LaMontana Drive, Fountain Hills, AZ 85268 3. The Town of Fountain Hills website at: www.fh.az.gov Anyone wishing to respond may do so in person at the meeting or in writing prior to the date of the meeting: Town Clerk’s office, 16705 E. Avenue of the Fountains, Fountain Hills, AZ 85268