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Home My WebLink AboutRes 2009-16RESOLUTION NO. 2009-16 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 2009 -2010. 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, 2009 and ending June 30, 2010. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS as follows. SECTION 1. That the recitals set forth above are hereby incorporated as if fully set forth herein. SECTION 2. 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, 2004 and ending June 30, 2010, including the establishment of the maximum budget amount for such fiscal year in the amount of $35,284,672. SECTION 3. That, upon approval of the Town Council, such official tentative budget shall be published in the official Town newspaper once a weep for two consecutive weeks. PASSED AND ADOPTED BY the Mayor and Council of the Town of Fountain Hills, Arizona, May 21, 2009. FOR THE TOWN OF FOUNTAIN HILLS: T. Schlum, Mayor REVIEWED BY: laa,6w,e Richard L. Davis, own Manager 1032.379.2 ATTESTED TO: L 0 �. ..u�r Iffi a!Aj 1.1 f f A,�wn Clerk, APPRO.VED AS TO FORM: ulyk=z Andrew J. McGuire, Town Attorney EXHIBIT A TO RESOLUTION NO. 2009-16 [Tentative Budget] See following pages. 1032379.2 TO" OF FtRnRAIII K=AR MIKA $,-- -y SdwddsdEa6rta0 RnaMM AN Epr' MitP� EXPENDITURE LIMITATION COMPARISON 21111IM 2110,10 1. Budgeted expacdOUrateapenses 26 19440 672 2 Aelftubtract: estimated nat reconciling Items 3. Budgeted eapendluresieapenses adjusted far reaancilIq Items 23,31%,1111) 35,254M 4. Lose: estimated exclusions 9,69218 1T S4 352 S. Amount subject to the expenditure limitation 15.01 Z11 1 ILM120 6. EEC or voter.approved alternative expenditure limitation 731 20 05 993 Whom E*W aweRaasaa AQJssenaftApprarsd An W41 Ian SMSdWeE - bckdes ktuala Atz as of tho dsis R,s Wr P dh,%O— pnpra0. a*.W fuaaemst dadit1. It. nimundador Andrar. AnmM beds actual eprewA Fwd 0"valld And ww M o cW tar una,Mf Inrabd In caNal+ tub. nd dl rlsbd Oft and Mw"'Ns kbd anamb sstabno d a, R b !tab praaesd b. wwMid" Fwpaa pa. pnplds, hwomwy. eta.). Fba1TV Llea.ra ADOPTED FUND DIRECT REVENUES TOTAL BUDGETED ACTUAL BALAICEI PROPERTY OTHER THAN FINANCIAL BUDGETED EXPENORURESI EXPEHOITURESI NET TAX PROPERTY OTHER FINANCING INTERFUNDTRANSFERS RESOURCES EXPENINTURESl EXPENSES EXPENSES ASSETS— REVENUES TAXES 2009.110 10WID AVAILABLE EXPENSES FUND 2006-09' 2005-09" July 1 2008" 2009.10 20010 2009.10 I0O9IO SOURCES <U ED IN <OUT), Primary: 1. General Fund f 16,142,395 f 16,142,395 f 6,579.608 S f 14,644229 f f f 108.450 f 664422 S 22,047,309 $ 14,52S,65S vY. 2. S lal Ravenua Funds 4.504,466 41,564,466 1,623,675 1.400,000 4.492.254 3,014,649 f 10,760.578 4,612,570 Debt Service Funds 3. Available 3,205,113 31205,113 841,610 3,214,041 $23,013 4,574694 3,278,613 4. Less, Designation for Future Debt Retirement S. Total Debt Service Funds 3,205,1113 3.205,1131 841,610 3,214,041 523,013 4.676,6941 3276.613 6. Capital Projects Funds 4,407,016 309.016 10,547,475 10.674,377 21481,190 142,400 24,345.42 12,667,634 7. Permanent Funds 8. Ent se Funds Available 9. leas: Designation for om Future Debt Retirement 0. Total Enterprise Funds —MEN 1. Internal Service Funds 26S,D116 236,410 504.434 2 TOTAL ALL FUNDS IS 25.319,490 f 27,361.90 f 20,060,614 S 1,400.000 f 33.016 901 f f IS 3.649,471 f IXU9,4711 f 62.234457 S 35,26/, EXPENDITURE LIMITATION COMPARISON 21111IM 2110,10 1. Budgeted expacdOUrateapenses 26 19440 672 2 Aelftubtract: estimated nat reconciling Items 3. Budgeted eapendluresieapenses adjusted far reaancilIq Items 23,31%,1111) 35,254M 4. Lose: estimated exclusions 9,69218 1T S4 352 S. Amount subject to the expenditure limitation 15.01 Z11 1 ILM120 6. EEC or voter.approved alternative expenditure limitation 731 20 05 993 Whom E*W aweRaasaa AQJssenaftApprarsd An W41 Ian SMSdWeE - bckdes ktuala Atz as of tho dsis R,s Wr P dh,%O— pnpra0. a*.W fuaaemst dadit1. It. nimundador Andrar. AnmM beds actual eprewA Fwd 0"valld And ww M o cW tar una,Mf Inrabd In caNal+ tub. nd dl rlsbd Oft and Mw"'Ns kbd anamb sstabno d a, R b !tab praaesd b. wwMid" Fwpaa pa. pnplds, hwomwy. eta.). TOWN OF FOUNTAIN HILLS, ARIZONA Summary of Tax Levy and Tax Rate Information Fiscal Year 2009 -10 1. Maximum allowable primary property tax levy A.R.S. §42- 17051(A). 2008 -09 2009 -10 FISCAL YEAR FISCAL YEAR $ 0 $ 0 2. Amount received from primary property taxation in the fiscal year 2007 -08 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 1,400,000 1,400,000 C. Total property tax levy amounts $ 1,400,000 $ 1,400,000 4. Property taxes collected* A. Primary property taxes (1) 2008 -09 levy $ 0 0 (2) Prior years' levy 0 0 (3) Total primary property taxes $ 0 0 B. Secondary property taxes (1) 2008 -09 levy $ 1,330,000 1,400,000 (2) Prior years' levy $ 0 0 (3) Total secondary property taxes $ 1,330,000 1,400,000 C. Total property taxes collected $ 1,330,000 1,400,000 5. Property tax rates A. Town tax rate (1) Primary property tax rate 0.0000 0.0000 (2) Secondary property tax rate (estimate) 0.1972 0.2173 (3) Total city /town tax rate 0.1972 0.2173 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 2009 -10 ESTIMATED ACTUAL ESTIMATED SOURCES OF REVENUES REVENUES REVENUES REVENUES 2008 -09 2008 -09* 2009 -10 GENERALFUND Lqcal taxes Local Sales Tax $ 6,508,903 $ 6,508,903 $ 6,628,911 Franchise Tax $ 332,800 $ 332,800 $ 363,731 Licenses and perqits 0 Animal License Fees 37,986 37,986 39,505 Business License Fees 117,995 117,995 122,715 Building Permit Fees 812,780 812,780 330,120 Landscape Permit Fees 20,000 20,000 10,400 Planning & Zoning Fees 34,000 34,000 0 Improvement Plan Review Fee 21,000 21,000 21,000 Intergovernmental 0 State Sales Tax 2,215,242 2,215,242 1,894,032 Fire Insurance Premium Tax 130,520 130,520 135.741 Shared Income Tax 3,610,480 3,610,480 3,163,367 Vehicle License Tax 1,067,300 1,067.300 953,455 Charges fmr services 0 Parks & Rec User Fees 155,683 155,683 127,687 Senior Services Fees 79,551 79,551 110,211 Encroachment Fees 25,000 25,000 10,000 Variances 50,000 50,000 15,600 Fines and forfeittures 0 Court Fines 234,600 234,600 239,292 Interest on investments 0 Interest on Investments 3001000 300,000 125,000 Rentals 0 Community Center Rental Fees 198,600 198,600 168,150 Community Center Bar Sales 24,480 24,480 0 Leases & Rents 65,475 65,475 55,575 Miscellanemus 0 Miscellaneous 100,000 100,000 181,737 Tgtal General Fund $ 16,142,395 $ 16,142,395 $ 14,696,229 SPECIAL REVENUE FUNDS Highway User Revenue Fund Highway Users $ 1,763,000 $ 1,763,000 $ 1,480,152 Tqtal Highway User Revenue Fund $ 1,763,000 $ 1,763,000 $ 1,480,152 Local Transportation Assistance Fund Local Transportation (LTAF) $ 113,600 $ 113,600 $ 113,400 Total Local Transportation Assistance Fund $ 113,600 $ 113,600 $ 113,400 In Lieu Payments $ 10,000 $ 10,000 $ 2,000 Interest $ 40,000 $ 40,000 $ 4,993 Miscellaneous $ 1,000 $ 1,000 $ 0 $ 1,927,600 $ 1,927,600 $ 1,600,545 ' Includes actual revenues recmgnized mn the mmdified accrual mr accrual basis as mf the date the prmpmsed budget was prepared, plus estimated revenues fmr the remainder mf the fiscal year. Excise Taxes $ 43,575 Street Department Development Fees $ Local Sales Tax Transfer $ 295,859 $ 295,859 $ 295,859 $ $ 295,859 $ 295,859 $ 295,859 Court Enhancement Fund $ 9,785 Library/Museum Development Fees $ Court Enhancement Fund $ 28,000 $ 28,000 $ 17,000 $ 28,000 $ 28,000 $ 17,000 Public Art Fund Public Art Fund $ 0 $ 0 $ 2,000 $ 0 $ 0 $ 2,000 Grants FEMA $ 0 $ 0 $ 0 Construction Grants /Stimulus $ 0 $ 0 $ 2,318,000 Proposition 202 $ 0 $ 0 $ 150,000 LTAF II $ 0 $ 0 $ 40,000 Miscellaneous Grants $ 2,039,867 $ 2,039,867 $ 68,850 $ 2,039,867 $ 2,039,867 $ 2,576,850 Tmtal Special Revenue Funds $ 4,291,326 $ 4,291,326 $ 4,492,254 DEBT SERVICE FUNDS General obligation Bonds Secondary Property Tax 1,400,000 $ 1,400,000 $ 1,400,000 Interest 1,500 1,500 1,500 $ 1,401,500 $ 1,401,500 $ 1,401,500 Revenue Bonds Transfer from HURF Fund $ 115,843 $ 115,843 $ 136,413 $ 115,843 $ 115,843 $ 136,413 Special District Bqnds Eagle Mountain CFD Cottonwoods Improvement District Cottonwoods Maintenance District Municipal Prop Corp $ 379,000 $ 3,300 $ 3,850 1,275,277 $ 1,661,427 $ 379,000 $ 3,300 $ 3,850 1,275,277 $ 1,661,427 $ 389,100 $ 0 $ 3,850 1,283,178 $ 1,676,128 Tqtal Debt Service Funds $ 3,178,770 $ 3,178,770 $ 3,214,041 CAPITAL PROJECTS FUNDS Develqpment Fees Law Enforcement Development Fees $ 43,575 Street Department Development Fees $ 214,000 Parks & Recreation Development Fees $ 76,010 Open Space Development Fees $ 44,550 General Government Development Fees $ 91,700 Fire Development Fees $ 9,785 Library/Museum Development Fees $ 8,965 $ 43,575 $ 214,000 $ 76,010 $ 44,550 $ 91,700 $ 9,785 $ 8,965 $ 13,767 $ 74,316 $ 14,664 $ 9,390 $ 28,440 $ 3,153 $ 1,740 $ 488,585 $ 488,585 $ 145,470 Capital Prgjects Local Sls Tax Contribution $ 706,154 Capital Projects transfers 35,980 Stimulus Funds 0 Debt Service Proceeds $ 0 742,134 $ 706,154 35,980 0 $ 0 $ 742,134 $ 510,000 2,981,190 2,537,717 $ 4,500,000 $ 10,528,907 Tmtal Capital Prmjocts Funds $ 1,230,719 $ 1,230,719 $ 10,674,377 TOTAL ALL FUNDS $ 24,843,210 $ 24,843,210 $ 33,076,901 ' Includes actual revenues recognized on the modified accrual or accrual basis as o the date the u propose get was prepared, plus estimated revenues for the remainder of the fiscal year. TOWN OF FOUNTAIN HILLS, ARIZONA Summary by Fund Type of Other Financing SourceshcUses> and Interfund Transfers Fiscal Year 2009 -10 FUND GENERAL FUND Annual Debt Payment for Community Center $ Transfer to CIP- Municipal Software Interfund charge for Vehicle Replacement Grant Match iuo,ow Total General Fund $ 0 $ 0 $ 108,850 $ (662,422) OTHER FINANCING INTERFUND TRANSFERS 2009 -10 2009 -10 SOURCES <USES> IN <OUT> $ $ $ (387,000) (100,000) (175,422) HIGHWAY USERS Annual Debt Payment for Community Center $ $ $ $ (136,013) Transfer to CIP - Pavement Mgmt (170,790) Interfund charge for Vehicle Replacement (60,996) Total Highway Users Funds $ 0 $ 0 $ 0 $ (367,799) DEBT SERVICE FUNDS Annual Debt Payment for Community Center $ $ $ 387,000 $ Annual debt payment for street paving bonds 136,013 $ 0 $ $ $ 0 Total Debt Service Funds 0 523,013 CAPITAL PROJECTS FUNDS Transfer to CIP - Municipal Software $ $ $ 100,000 $ Transfer to CIP - Pavement Mgmt 170,790 Transfer to CIP- Various projects 2,318,000 Transfer to CIP- Downtown Improvements 250,000 Transfer to CIP - Traffic Signal project 142,400 Total Capital Projects Funds $ 0 $ 0 $ 2,981,190 $ 0 SPECIAL REVENUE FUNDS Grant Match $ $ $ $ (108,850) Transfer to CIP - Downtown Improvements (250,000) Transfer to CIP- Various projects (2,318,000) Total Special Revenue Funds $ 0 $ 0 $ 0 $ (2,676,850) DEVELOPMENT FEES Transfer to CIP - Traffic Signal project $ $ $ $ (142,400) $ 0 $ $ $ (142,400) Total Enterprise Funds 0 0 INTERNAL SERVICE FUNDS $ $ $ $ Interfund charge for Vehicle Replacement 175,422 Interfund charge for Vehicle Replacement 60,996 Total Internal Service Funds $ 0 $ 0 $ 236,418 $ 0 TOTAL ALL FUNDS $ 0 $ 0 $ 3,849,471 $ (3,849,471) TOWN OF FOUNTAIN HILLS, ARIZONA Summary by Department of Expendituros/Expenses Within Each Fund Type FUNDIDEPARTMENT GENERAL FUND Mayor and Town Council Municipal Court Administration Public Works Planning and Zoning Parks and Recreation Law Enforcement Fire Department Community Center Transfers Contingency Total General Fund SPECIAL REVENUE FUNDS Highway Users (HURF) ADOT Public ART Community Center FF &E Court Enhancement Fund Proposition 202 Miscellaneous Grants Excise Tax Special Revenue Total Special Revonuo Funds DEBT SERVICE FUNDS General Obligation Bonds Revenue Bonds Municipal Property Carp (MPC) Cottonwood Improv Dist Eagle Mountain CFD Total Debt Sarvice 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 TOTAL ALL FUNDS Fiscal Year 2009.10 ADOPTED EXPENDITURE/ BUDGETED EXPENSE EXPENDITURES/ ADJUSTMENTS EXPENSES APPROVED 2008-09 2008-09 $ 93,088 $ 394,490 $ 3,253,281 $ 1,818,358 $ 1,421,338 $ 1,936,912 $ 2,839,077 $ 3,240,908 $ 1,144,943 0 $ $ $ $ $ 0 $ $ 16,142,395 $ 0 $ 2,207,284 $ 0 $ 0 $ 0 $ 90,000 $ 0 $ 2,075,847 $ 191,835 $ 4,564,966 $ 1,340,364 136,413 1,337,486 3,850 387,000 $ 3,205,113 $ 6,020 272,780 583,900 79,060 12,670 1,330 2,240 958,000 3,049,016 400,000 $ 3,449,016 $ 28,319,490 $ $ $ $ $ $ 0 $ 0 $ 0 $ 0 $ 0 ACTUAL EXPENDITURES/ EXPENSES 2008.09• $ 93,088 $ 394,490 $ 3,253,281 $ 1,818,358 $ 1,421,338 $ 1,936,912 $ 2,839,077 $ 3,240,908 $ 1,144,943 0 $ 0 $ 16,142,395 $ 2,207,284 $ 0 $ 0 $ 0 $ 90,000 $ 0 $ 2,075,847 $ 191,835 $ 4,564,966 $ 1,340,364 $ 136,413 1,337,486 3,850 387,000 $ 3,205,113 $ 6,020 272,780 583,900 79,060 12,670 1,330 2,240 $ 958,000 3,049,016 400,000 $ 3,449,016 $ 28,319,490 BUDGETED EXPENDITURES/ EXPENSES 2009 -10 $ 85,640 $ 397,528 $ 2,964,808 $ 1,372,201 $ 1,068,474 $ 7669,024 $ 2,844,877 $ 3,065,477 $ 1,057,625 0 $ 0 $ 14,525,655 $ 1,600,545 $ 0 $ 2,500 $ 0 $ 50,000 $ 150,000 $ 2,426,850 $ 382,675 $ 4,612,570 $ 1,340,364 $ 136,413 1,408,886 3,850 389,100 $ 3,278,613 0 142,400 0 0 0 0 0 $ 142,400 12,291,724 433,710 $ 12,725,434 $ 35,284,672 Includes actual oxpenditures/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.