HomeMy WebLinkAboutRes 2006-18 RESOLUTION NO. 2006-18
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF
FOUNTAIN HILLS,ARIZONA,SETTING FORTH THE TENTATIVE BUDGET
AND ESTABLISHING THE MAXIMUM AMOUNT FOR THE TOWN OF
FOUNTAIN HILLS FOR FISCAL YEAR 2006-2007.
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, the Town Manager has prepared and filed with the Town Council the Town
Manager's Budget estimates for the fiscal year beginning July 1, 2006 and ending June 30, 2007.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF FOUNTAIN HILLS, ARIZONA, as follows:
SECTION 1. That 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, 2006 and ending June 30, 2007, including the establishment of the
maximum amount for such fiscal year in the amount of$26,743,649.
SECTION 2. That,upon approval of the Town Council, such official tentative budget shall
be published in the official Town newspaper once a week for two consecutive weeks.
PASSED AND ADOPTED BY the Mayor and Council of the Town of Fountain Hills,
Arizona, May 18, 2006.
FOR THE TO OF FOUNT IN HILLS: ATTESTED TO:
W. J. Nich ls, Bevelyn J. B de own Clerk
VIED BY: APP OVED AS TO FORM:
Diu
Timothy G. Pickerin , o n Manager Andrew J. McGuire, Town Attorney
LP'
648812.1
EXHIBIT A
TO
RESOLUTION NO. 2006-18
[Tentative Budget]
See following pages.
J
648812.1
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The taxpayers of the Eagle Mountain Community Facilities District are hereby notified that the
Chairman and Board members will hold a public meeting on June I.2006 at 6:00 p.m.at District
offices located at 16705 E.Avenue of the Fountains,Fountain Hills,Arizona,when and where any
taxpayers of the District will be heard in favor of,or against any of the proposed expenditures for the
Eagle Mountain Community Facilities District,after which the foregoing estimates as modified or as
now existing,will be adopted by the board as the basis for the 2006/2007 budget. Copies of the
tentative 2006/2007 district budget may be viewed prior to the June I,2006 meeting at the District
Clerk's office at the District Office,Public Library and the Town of Fountain Hills website.
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
TENTATIVE BUDGET
FISCAL YEAR 2006-2007
APPROVED MAY 18,2006
For the Year Ended
Revenues 30-Jun-07
(We Tax Levy at$0.7730 per$100 Secondary $195,250
Assessed Valuation
Interest earnings $18,500
Carryover from prior years $150,000
TOTAL $363,750
Expenses
Annual Debt Service Payment on Refunded Bonds $330,500
Administrative Costs $6,600
Trustee Fees $1,000
TOTAL $338,100
L
,44)
The taxpayers of the Cottonwoods Maintenance District are hereby notified that the Chairman and
Board members will hold a public meeting on June 1,2006 at 6:00 p.m.at District offices located at
16705 E.Avenue of the Fountains,Fountain Hills,Arizona,when and where any taxpayers of the
District will be heard in favor of,or against any of the proposed expenditures for the Cottonwoods
Maintenance District,after which the foregoing estimates as modified or as now existing,will be
adopted by the board as the basis for the 2006/2007 budget. Copies of the tentative 2006/2007 district
budget may be viewed prior to the June I,2006 meeting at the District Clerk's office at the District
Office,Public Library and the Town of Fountain Hills website.
COTTONWOODS MAINTENANCE DISTRICT
TENTATIVE BUDGET
FISCAL YEAR 2006-2007
APPROVED MAY 18,2006
For the Year Ended
Revenues 30-Jun-07
Tax Levy at$57.15 per Property Owner $3,315
Assessed Valuation
TOTAL $3,315
Expenses
Annual Maintenance Costs $3,315
TOTAL $3,315
Published Fountain Hills Times-May 24 and May 31
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TOWN OF FOUNTAIN HILLS,ARIZONA
Summary of Tax Levy and Tax Rate Information
Fiscal Year 2006-07
2005-06 2006-07
FISCAL YEAR FISCAL YEAR
1. Maximum allowable primary property tax levy.
A.R.S.§42-17051(A). $ 0 $ 0
2. Amount received from primary property taxation in the
2003-04 fiscal year in excess of the sum of that year's
maximum allowable primary property tax levy.
A.R.S.§42-17102(A)(18). $ 0
3. Property tax levy amounts
A. Primary property taxes $ 0 $ 0
B. Secondary property taxes 1,316,860 1,370,000
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C. Total property tax levy amounts $ 1,316,860 $ 1,370,000
4. Property taxes collected*
A.Primary property taxes
(1) 2005-06 levy $ 0
(2) Prior years' levy
(3) Total primary property taxes $ 0
B.Secondary property taxes
(1) 2005-06 levy $ 1,316,860
(2) Prior years' levy
(3) Total secondary property taxes $ 1,316,860
C.Total property taxes collected $ 1,316,860
5. Property tax rates
A. City/Town tax rate
(1) Primary property tax rate 0.0000 0.0000
(2) Secondary property tax rate 0.3510 0.3012
(3) Total city/town tax rate 0.3510 0.3012
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.
SCHEDULE B
TOWN OF FOUNTAIN HILLS,ARIZONA
Summary by Fund Type of Revenues Other Than Property Taxes
Fiscal Year 2006-07
ESTIMATED ACTUAL ESTIMATED
REVENUES REVENUES REVENUES
SOURCE OF REVENUES 2005-06 2005-06* 2006-07
GENERAL FUND
Local taxes
Local Sales Tax $ 7,932,000 $ 8,213,278 $ 7,795,734
Franchise Tax 160,000 275,000 275,000
Licenses and permits
Animal License Fees 32,675 $ 40,000 $ 43,564
Business License Fees 111,040 $ 111,040 $ 115,830
Building Permit Fees 1,564,000 $ 1,781,320 $ 1,651,080
Rezoning/Variance Fees 21,450 $ 21,450 $ 21,450
Improvement Plan Review Fee 21,000 $ 21,000 $ 21,000
Intergovernmental
State Sales Tax 1,914,315 $ 1,982,147 $ 2,244,476
State Income Tax 2,126,144 $ 2,126,144 $ 2,557,255
Vehicle License Tax 842,300 $ 882,895 $ 945,123
Fire Insurance Premium Tax 92,400 $ 92,400 $ 92,400
Charges for services
Parks&Rec User Fees 193,000 $ 160,800 $ 170,123
Senior Services 104,050 $ 66,000 $ 157,150
Encroachment Permit Fee 25,000 $ 50,000 $ 35,000
Loy Subdivision Fees 21,400 $ 25,000 $ 21,000
Fines and forfeits
Court Fines 236,240 $ 185,000 $ 188,700
JCEF/CCEF Revenue 0 0 0
Interest on investments
Interest on Investments 130,000 $ 230,000 $ 250.000
In-lieu property taxes
Community Center
Rental Fees 161,527 $ 182,614 $ 187,000
Bar Sales/Commission 52,148 $ 24,000 $ 36,000
Miscellaneous
Leases 65,475 $ 65,475 $ 65,475
Miscellaneous 50,000 $ 150,000 $ 75,000
Total General Fund $ 15,856,163 $ 16,685,577 $ 16,948,360
"Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget
cry was prepared plus estimated revenues for the remainder of the fiscal year.
5/03 SCHEDULE C 3 of 8
TOWN OF FOUNTAIN HILLS,ARIZONA
Summary by Fund Type of Revenues Other Than Property Taxes
Fiscal Year 2006-07 ,411)
ESTIMATED ACTUAL ESTIMATED
REVENUES REVENUES REVENUES
SOURCE OF REVENUES 2005-06 2005-06` 2006-07
SPECIAL REVENUE FUNDS
Highway User Revenue Fund
Highway Users 1,598,850 1,522,897 1,614,855
In Lieu Payments 4,500 6,500 7,000
interest 8,000 14,000 8,000
Miscellaneous 1,000 2,500 1,000
Total Highway User Revenue Fund $ 1,612,350 $ 1,545,897 $ 1,630,855
Local Transportation Assistance Fund
Local Transportation(LTAF) $ 113,700 111,688 110,785
Total Local Transportation Assistance Fund $ 113,700 $ 111,688 $ 110,785
Special Revenue $ $ $
Excise Tax-Mountain Bonds 745,089 751,662 713,700
Excise Tax-Civic Center MPC 360,545 373,331 354,350
Excise Tax-Downtown Development 360,545 1,173,331 354,352
Court Special Revenue Funds 23,300 23,300 23,300
Total Special Revenue $ 1,489,479 $ 2,321,624 $ 1,445,702
Grants $ $ $
FEMA-Fire Department $50,000 $0 $0 via)
ADOT $175,000 $175,000 $0
Proposition 202 $0 $147,928 $0
LTAF II $68,125 $20,420 $0
Miscellaneous Grants $1,437,000 $0 $1,500,000
Total Grants $ 1,730,125 $ 343,348 $ 1,500,000
Total Special Revenue Funds $ 4,945,654 $ 4,322,557 $ 4,687,342
DEBT SERVICE FUNDS
General Obligation Bonds $ $ $
Interest $1,400 $1,400 $1,400
$ 1,400 $ 1,400 $ 1,400
Special Districts $ $ $
Cottonwoods Maintenance District 3,300 3,200 3,300
Cottonwoods Improvement District 3,850 1,500 3,850
$ 7,150 $ 4,700 $ 7,150
$ $ $
$ 0 $ 0 $ 0
Total Debt Service Funds $ 8,550 $ 6,100 $ 8,550
*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.
5/03 SCHEDULE C 4 of 8
TOWN OF FOUNTAIN HILLS,ARIZONA
Summary by Fund Type of Revenues Other Than Property Taxes
Fiscal Year 2006-07
ESTIMATED ACTUAL ESTIMATED
REVENUES REVENUES REVENUES
SOURCE OF REVENUES 2005-06 2005-06* 2006-07
CAPITAL PROJECTS FUNDS
$ $ $
Law Enforcement Development Fees 12,082 13,432 117,346
Street Department Development Fees 260,740 274,740 795,610
Parks&Recreation Development Fees 425,880 448,880 781,702
Open Space Development Fees 482,608 498,008 153,460
General Government Development Fees 175,566 183,716 247,050
Fire Development Fees 0 3,900 26,089
Library Development Fees 0 4,500 30,878
Total Development Pecs $ 1,356,876 $ 1,427,176 $ 2,152,135
$ $ $
Interest Earnings 25,000 30,000 0
Local Sls Tax-CIP 528,225 528,225 528,225
0 0 0
0 0
$ 553,225 $ 558,225 $ 528,225
Total Capital Projects Funds $ 1,910,101 $ 1,985,401 $ 2,680,360
PERMANENT FUNDS
$ 0 $ 0 $ 0
cie Total Permanent Funds $ 0 $ 0 $ 0
ENTERPRISE FUNDS
$ 0 $ 0 $ 0
Total Enterprise Funds $ 0 $ 0 $ 0
TOTAL ALL FUNDS $ 22,720,468 $ 22,999,635 $ 24,324,612
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.
Lir
5/03 SCHEDULE C 5 of 8
TOWN OF FOUNTAIN HILLS,ARIZONA
Summary by Fund Type of Other Financing SourceskUses>and Interfund Transfers
Fiscal Year 2006-07
INTERFUND
OTHER FINANCING TRANSFERS
2006-07 2006-07
FUND SOURCES <USES> IN <OUT>
GENERAL FUND
Transfer from General Fund $ S S $ (907,000)
Total General Fund $ s 5 s (907.000)
SPECIAL REVENUE FUNDS
$ S $ S
Transfer to HURI,Debt Service (135,000)
Excise Taxes (1,068,050)
Total Special Revenue Funds $ S s $ (1.203.650)
DEBT SERVICE FUNDS
$ $ $ $
Transfer From HURL 135.000
MPC 1,455,050 ,4400)
Total Debt Service Funds $ $ $ 1.590.050 $
CAPITAL PROJECTS FUNDS
$ $ $ $
Civic Center Phase II
Development Fees 520.000
Capital Projects Fund
Total Capital Projects Funds $ $ S 520.000 S
PERMANENT FUNDS
$ $ $ $
Total Permanent Funds $ $ $ $
ENTERPRISE FUNDS
$ $ $ $
Total Enterprise Funds $ $ $ $
TOTAL ALL FUNDS $ $ $ 2,11o,oso $ (2.110,050)
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5/03 SCHEDULE D
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TOWN OF FOUNTAIN HILLS,ARIZONA
Summary by Department of Expenditures/Expenses Within Each Fund Type
Fiscal Year 2006-07
L
ADOPTED EXPENDITURE/
BUDGETED EXPENSE ACTUAL BUDGETED
EXPENDITURES/ ADJUSTMENTS EXPENDITURES! EXPENDITURES!
EXPENSES APPROVED EXPENSES EXPENSES
FUND/DEPARTMENT 2005-06 2005-06 2005-06* 2006-07
GENERAL FUND
Community Center $ 484,824 $ $ 452,420 $ 528,110
Municipal Court 362,275 344,735 363.655
Town Council 110.663 90,408 117,161
Administration 1,209,308 1.266,981 1,093,950
Information Technology 361.455 348,447 434,133
Planning&Zoning 742.240 730,888 818,824
Building Safety 652,845 618,178 695.992
Public Works&Facilities 1,361.804 1,100,529 2.294,049
Recreation&Parks 1,669,674 1,573.269 2,830,506
Senior Services 174,400 169.705 203.871
Law Enforcement 1,903,894 1,905,044 2,313,900
Fire Department 2,698,593 2,701,682 2,846,477
Operational/Community Support 2,701,017 2,171,676 1,425,732
Contingency 75,000 0 75,000
Total General Fund $ 14.507,992 $ 0 $ 13,473.962 $ 16,041,360
SPECIAL REVENUE FUNDS
Highway Users $ 2.387,403 1,474,336 2,779.815
FEMA-Fire Department 50,000 0 0
ADOT 175,000 175,000 0
Community Center FF&E 40,000 40,000 40,000
Court Special Revenue(CCEF) 30,000 15,000 15,000
Proposition 202 0 147,928 0
LTAF 11 68,125 53,006 0
Miscellaneous Grants 1,437,000 0 1,500,000
Excise Taal Special Revenue
Mountain Bonds 645,102 617,532 563,000
Civic Center Phase II MPC 270,000 255,480 285.000
Downtown Development 900,681 1,685,270 140,502
Total Special Revenue Funds $ 6,003,311 $ 0 $ 4,463,552 $ 5,323.317
DEBT SERVICE FUNDS
LGeneral Obligation Bonds $ $ $ $
Bond Payment-GO 360,000 275,000 0
Bond Payment-Lakeside 125,000 97,375 0
Bond Payment-Library/Museum 399.000 304.750 0
Bond Payment-Mtn Preserve GO 499,000 330.000 0
Refunded GO Bonds 0 515.000 1.371.400
Special Districts/MPC Debt Service:
Bond Payment-HURF 110,500 110,500 135,000
Cottonwoods Improvement District 3.850 3,850 3,850
MPC-Community Center 387,000 327,228 387,000
Eagle Mountain CFD 355,600 321.600 338,100
Total Debt Service Funds $ 2,239.950 $ 0 S 2,285,303 5 2.235,350
CAPITAL PROJECTS FUNDS
$ $ $ $
Law Enforcement Development Fees 16,848 16,848 0
Street Department Development Fees 295,000 200,000 0
Parks&Recreation Development Fees 603,700 175,000 1,428,622
Open Space Development Fees 129,800 54,000 0
General Govemment Development Fees 244,687 244,687 0
Fire Development Fees 0 0 0
Library Development Fees 0 0 0
Civic Center Phase II 956,500 956,500 0
Park Improvements 206,000 0 0
Streets 135,000 0 0
Downtown 0 0 800,000
Total Capital Projects Funds $ 2,587,535 S 0 S 1,647,035 $ 2,228,622
PERMANENT FUNDS
$ $ $ $
Total Permanent Funds $ 0 $ 0 $ 0 $ 0
ENTERPRISE FUNDS
$ $ $ $
Total Enterprise Funds $ 0 $ 0 $ 0 $ 0
L, TOTAL ALL FUNDS $ 25,338,788 $ 0 $ 21,869,852 S 25,828,649 ••
'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.
"Excludes GF transfer of$907,000
5/03 SCHEDULE E
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