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Home My WebLink AboutRes 2012-11RESOLUTION NO. 2012-11 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, ADOPTING THE TENTATIVE BUDGET AS TRIG 201.2 -2013 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 " Applicable Law"), the Mayor and Council of the Town of Fountain Hills (the "Town Council ") did, on flay 3, 2012, make an estimate of (i) the different amounts required to meet the public expend iturestexpenses for the ensuing y =ear. (ii) revenues from sources other than direct taxation and {iii) the amount to be raised by taxation upon real and personal property of the Town of Fountain Hills. Arizona; and WHEREAS, in accordance with the Applicable Law, and following due public notice, the Town Council met on May 3, 2012, 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 7, 2012, 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 /c,xpensc,� or tar levies; and WHEREAS, it appearN that the sums to be raised by taxation, as specified therein, do not in the aggregate exceed that aniount as computed in ARiz. R>rv. S t;rr. § 42- 17051(A). NOW, TIIERE'FORE, BE IT RESOLVED BY TI -IE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN 1llI_LS 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 1.2012 through .tune 30, 2013. PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills, June 12, 2012. FOR THE TO'V'4'N OF FOUNTAIN HILLS: ATTESTED TO: Oat M. Kavanagh, Mayor Bevelyn J. Bel er, own Clerk REVIEWED BY: 4tm tek— Lo . _ Kenneth W. Buchanan, Town Mana,s4•r 1727232.2 AS TO FORINI: J. McGuire, Town Attorney EX1 IIBIT A TO RESOLUTION NO. 2012-11 [Budget Statements and Schedules] See following pages. 1727232.2 t Fountain Hills Summary of Tax Levy and Tax Rate Information Fiscal Year 2013 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 C. Total property tax levy amounts 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 (2) Prior years' levies (3) Total secondary property taxes C. Total property taxes collected 5. Property tax rates A. City/Town tax rate (1) Primary property tax rate (2) Secondary property tax rate (3) Total city /town tax rate 2012 2013 1,007,500 $ 1,007,500 $ 1,007,500 $ 1,007,500 $ 1,007,500 0.2230 0.2230 1,000,850 $ 1,000,850 0.2651 0.2651 B. Special assessment district tax rates Secondary property tax rates - As of the date the proposed budget was prepared, the city/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 city/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. 4/12 SCHEDULE B j Fountain Hills Summary by Fund Type of Revenues Other Than Property Taxes Fiscal Year 2013 Licenses and permits Animal License Fee 46,896 113,544 211,546 1,040 10,000 Improvement Plan Review Fees ESTIMATED ACTUAL ESTIMATED State Sales Tax REVENUES REVENUES' REVENUES SOURCE OF REVENUES 2012 2012 2013 GENERAL FUND Parks & Rec User Fees 216,341 Local taxes 28,000 Variances 5,000 Local Sales Tax $ 6,611,688 $ 6,561,605 $ 6,765,120 Franchise Tax 303,000 322,265 603,000 Licenses and permits Animal License Fee 46,896 113,544 211,546 1,040 10,000 Improvement Plan Review Fees Intergovernmental State Sales Tax 1,701,480 Fire Insurance Premium Tax 124,230 Shared Income Tax 1,898,160 Vehicle License Tax 758,400 Charges for services Parks & Rec User Fees 216,341 Encroachment Fees 28,000 Variances 5,000 Community Center Rental Fees 87,564 Leases & Rents 145,464 44,091 97,610 1,575 66,453 2,689 4,731 77,184 1,745,121 115,000 1,898,089 714,915 154,735 42,492 4,500 99,096 116,239 47,365 114,679 1,500 109,000 1,260 10,000 94,650 1,880,400 116,776 2,259,840 758,400 204,414 56,325 4,000 92,768 135,456 Fines and forfeits Court Fines 260,160 197,909 289,800 Interest on investments Interest on Investments 60,000 36,169 60,000 Miscellaneous Miscellaneous 67,058 47,614 49,636 Total General Fund $ 12,649,571 $ 12,350,082 $ 13,654,389 ' 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. SPECIAL REVENUE FUNDS HIGHWAY USER REVENUE FUND Highway User Tax _ $ 1,132,332 $ 1,061,767 $ 1,265,640 In -Lieu Fees 25,200 45,467 50,000 Interest 120 253 1,200 Miscellaneous 4,800 15,107 5,040 Total Highway User Revenue Fund $ 1,162,452 $ 1,122,594 $ 1,321,880 EXCISE TAX FUND Sales- Excise Tax $ 272,136 $ 229,007 $ 295,560 Total Excise Tax Fund $ 272,136 $ 229,007 $ 295,560 GRANTS Community Grants $ $ 138,000 $ 150,000 LTAFII 63,000 Miscellaneous 1,438,435 30,627 1,540,000 4/12 SCHEDULE C Page 1 of 3 Fountain Hills Summary by Fund Type of Revenues Other Than 'Property Taxes Fiscal Year 2013 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. 4112 SCHEDULE C Page 2 of 3 ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES' REVENUES SOURCE OF REVENUES 2012 2012 2013 Total Grants $ 1,438,435 $ 168,627 $ 1,753,000 PUBLIC ART FUND Public Art S 10,000 $ 7,570 S 210,004 Total Public Art Fund S 10,000 $ 7,970 S 210,000 COURT ENHANCEMENT FUND Court Enhancement Fund S 14,820 $ 17,880 $ 14,550 Total Court Enhancement Fund S 14,820 $ 17,880 S 14,550 Total Special Revenue Funds S 2,897,643 $ 1,546,478 $ 3,594,990 ` 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. DEBT SERVICE FUNDS Secondary Property Tax $ 1,020,000 S 1,024,040 $ 1,000,800 Interest Income 102 134 1,200 $ 1,020,102 S 1,1120,134 $ 1,002,000 Eagle Mountain CFD $ 424,084 S 420,084 $ 422,700 Cottonwoods Maint Dists 3,315 3,315 3,315 Municipal Prop Corp 825,204 595,000 785,120 $ 1,248,603 $ 1,018,399 $ 1,211,135 Total Debt Service Funds $ 2,268,705 $ 2,038,533 $ 2,213,135 CAPITAL PROJECTS FUNDS Sales Tax -Local S 104.580 S 345,040 $ 120,000 Grants 4.413,165 121,924 5,794,000 Transfers 9,554_,646_ 1,281,000 Miscellaneous 21$,727 15,000 S 14,072,391 S 646,651 $ 7,210,000 DEVELOPMENT FEES Law Enforcement Development Fees _ 5 8,376 S 5.70_ $ 15,860 Fire /Emergency Development Fees 1,878 125 3,540 Streets Development Fees 49,344 1,397 94,802 Parks & Recreation Develo rnent Fees 8,874 1,479 14,790 Open Space Development Fees 5,400 6,473 LibrarWMuseum Development Fees 1,044 194 1,740 General Govemment Development Fees 17,772 1,.136 $ 92,688 S 11,374 S 130,732 Total Capital Projects Funds S 14,165,079 $ 658,425 $ 7,340,732 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. 4112 SCHEDULE C Page 2 of 3 Fountain Hills Summary by Fund Type of Revenues Other Than Property Taxes Fiscal Year 2013 SOURCE OF REVENUES INTERNAL SERVICE FUNDS ESTIMATED ACTUAL REVENUES REVENUES* 2012 2012 ESTIMATED REVENUES 2013 Vehicle Replacement $ 5,225 $ 47,713 $ 166,870 $ 5,225 $ 47,713 $ 166,870 Total Internal Service Funds $ 5,225 $ 47,713 $ 166,870 TOTAL ALL FUNDS $, 31.986.423 $ 16.640,431 $ 26.970.116 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. 4/12 SCHEDULE C Page 3 of 3 4/12 SCHEDULE D Fountain Hills Summary by Fund Type of Other Financing SourceskUses> and Interfund Transfers { Fiscal Year 2013 OTHER FINANCING INTERFUND TRANSFERS 2013 2013 FUND SOURCES <USES> IN <OUT> GENERALFUND Annual Debt Pmt for Community Center $ $ $ $ 193,500 Interfund Charge for Vehicle Replacement 401,000 Total General Fund $ $ $ $ 594,500 SPECIAL REVENUE FUNDS Total Special Revenue Funds $ $ $ $ DEBT SERVICE FUNDS Annual Debt Pmt for Community Center $ $ $ 193,500 $ $ 193,500 $ Total Debt Service Funds $ $ CAPITAL PROJECTS FUNDS $ $ Total Capital Projects Funds $ $ PERMANENT FUNDS $ $ $ $ Total Permanent Funds ENTERPRISE FUNDS $ $ Total Enterprise Funds $ $ INTERNAL SERVICE FUNDS Interfund Charge for Vehicle Replacemen $ $ $ 401,000 $ $ 401,000 $ $ $ Total Internal Service Funds TOTAL ALL FUNDS $ $ $ 594,500 $ 594,500 4/12 SCHEDULE D Fountain Hills Summary by Department of Expenditures /Expenses Within Each Fund Type Fiscal Year 2013 FUND /DEPARTMENT GENERALFUND Mayor and Town Council Municipal Court Administration Development Services Community Services__ Law Enforcement Fire Department Total General Fund SPECIAL REVENUE FUNDS Highway User Revenue Fund Excise Tax Public Art Court Enhancement Fund Grants Total Special Revenue Funds DEBT SERVICE FUNDS General Obligation Bonds Eagle Mountain CFD Municipal Property Corp Cottonwoods Maint Dist Total Debt Service Funds CAPITAL PROJECTS FUNDS Capital Projects Law Enforcement Dev Fee Fire/Emergency Dev Fee Streets Dev Fee Parks & Recreation Dev Fee Open Space Dev Fee Library/General Gov Fee General Gov Fee Total Capital Projects ADOPTED BUDGETED EXPENDITURES/ EXPENSES 2012 $ 75,745 432,844 2,241,390 1,600,490 2,189,948 2,899,522 3,156,212 $ 12,596,151 $ 1,278,299 211,364 3,825 33,250 1,500,000 $ 3,026,738 $ 1,019,413 421,610 4,011,947 3,315 $ 5,456,285 $ 17,140,139 5,000 5,000 20,000 15,000 15,000 5,000 5,000 $_ 17,210,139 INTERNAL SERVICE FUNDS Vehicle Replacement $ 102,370 Total Internal Service Funds $ 102,370 TOTAL ALL FUNDS $ 38,391,683 EXPENDITURE/ EXPENSE ADJUSTMENTS APPROVED 2012 13,343 (3,293) $ 10,050 ACTUAL EXPENDITURES/ EXPENSES` 2012 $ 75,745 432,844 2,254,733 1,600,490 2,186,655 2,899,522 3,156,212 $ 12,606,201 $ 1,278,299 211,364 13,825 33,250 200,000 $ 1,736,738 $ 1,019`13 421,610 4,011,948 3,315 $ 5,456,286 BUDGETED EXPENDITURES/ EXPENSES 2013 $ 82,811 402,933 2,585,022 2,042,578 2,233,838 2,946,102 3,255,335 $ 13,548,619 $ 1,321,880 183,968 210,000 47,250 1,753,000 $ 3,516,098 $ 1,002,913 421,110 1,076,700 18,315 $ 2,519,038 $ $ 1,200,000 $ 11,287,280 $ $ $ 5,000 5,000 20,000 15,000 5,000 $ $ 1,200,000 $ 11,337,280 $ $ 104,823 $ $ 104,823 $ 10,050 $ 21,104,048 $ 401,000 $ 401,000 $ 31,322,035 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. 4112 SCHEDULE E Fountain Hills Summary by Department of Expenditures/Expenses Fiscal Year 2013 DEPARTMENT/FUND Mayor & Town Council General Fund Department Total List Department: Administration General Fund Excise Tax Fund Special Revenue Fund General Obligations Bonds Municipal Property Corp Cottonwoods Maint Dist Capital Projects Fund General Gov't Dev Fee Vehicle Replacement Fund Department Total List Department: Municipal Court General Fund Court Enhancement Fund Department Total List Department: Development Services General Fund Highway Users Fund Eagle Mountain CFD Capital Projects Fund Streets Development Fee Department Total List Department: Community Services General Fund Public Art Fund Capital Projects Fund Park/Rec Development Fee Ubrary/Museum Dev Fee Department Total List Department: Fire & Emergency Medical General Fund Capital Projects Fund Fire/Emergency Dev Fee Department Total List Department: Law Enforcement General Fund Law Enforcement Dev Fee Department Total ADOPTED EXPENDITURE/ BUDGETED EXPENSE ACTUAL BUDGETED EXPENDITURES/ ADJUSTMENTS EXPENDITURES/ EXPENDITURES/ EXPENSES APPROVED EXPENSES' EXPENSES 2012 2012 2012 2013 $ 75,745 $ $ 75,745 $ 82,811 $ 75,745 $ 0 $ 75,745 $ 82.811 $ 2,241,390 $ 13,343 $ 2,254,733 $ 2,585,022 211,363 211,364 183,968 1,500,000 200,000 1,753,000 1,019,413 1,019,413 1,002,913 4,011,948 4,011,948 1,076,700 3,315 3,315 18,315 1,189,445 2,337,280 5,000 100,0c0 104,823 401,000 S 10,281,874 $ 13,343 $ 7,805,596 $ 9,358,198 $ 432,844 $ $ 432,844 $ 402,933 33,250 33,250 47,250 $ 466,094 0 0 0 466,094 0 450,183 $ 1,600,490 1,600,490 2,042,578 1,278,299 1,278,299 1,321,680 421,610 421,610 421,110 15,350,886 1,200,000 5,592,000 20,000 20,000 $ 18,671,285 $ 0 $ � 4,500,399 $ _ 9,397,568 $ 2,189,948 (3,293) 2,186,655 2,233,838 3,825 13,825 210,000 262,068 398,000 15,000 15,000 5,000 5,000 $ 2,475,841 $ (3,293) $�2,200,480 $ 2,861,838 $ 3,156,212 3,156,212 3,255,335 355.110 2,960,000 5,000 5,000 $ 3 516 322 $ 0 $ 3,156,212 $ c 6,220,335 $ 2,899,522 $ $ 2,899,522 $ 2,946,102 5,000 5,000 $ 2,904,522 $ 0 $ 2,899,522 $ 2,951,102 TOTAL ALL FUNDS 38,391 663 10,050 21 104,048 31 322,035 Includes actual expenditures /expenses recognized on the modified accrual or accrual Dasis as of the date Ine proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year. SCHEDULE F