The URL can be used to link to this page

Home My WebLink AboutRes 2009-17RESOLUTION NO. 2009-17 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ARIZONA, ADOPTING THE TENTATIVE BUDGET AS THE 2009 -2010 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 Mayor and Council of the Town of Fountain Hills (the "Town Council ") did, on May 21, 2009, make an estimate of the different amounts required to meet the public expenditures/expenses for the ensuing year, also an estimate of revenues from sources other than direct taxation, and the amount to be raised by taxation upon real and personal property of the Town of Fountain Hills, Arizona; and WHEREAS, in accordance with said chapter of said title, and following; due public notice, the Town Council met on May 21, 2009, 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 18, 2009, 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/expenses or tax levies; and WHEREAS, it appears that the sums to be raised by taxation, as specified therein, do not in the aggregate exceed that amount as computed in ARIZ. REv. S'rAT. § 42- 17051(A). NOW, THEREFORE, BE 11' RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS as follows: SECTION 1. That 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, 2009 through June 30, 2010. PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills, June 18, 2009. FOR THE TOWN OF FOUNTAIN HILLS: L�;)7_ rIL--- Ja . chluln, Mayor REVIEWED BY: Rich tl L. Davis, lown Manager 1043573.1 In, PJAY3,409, Bevelyn J. Ben Z APPROVED AS TO FORM: Andrew J. McGuire, Town Attorney EXHIBIT A TO RESOLUTION NO. 2009-17 (FY 09 -10 Financial Statements and Schedules) See following pages. 1043573.1 TGN9r Of FOUNTAIN ^OLa, ARM A W—" adodsla oEM-901 Reweaws sea EV.= -4epa ADOPTED FUND DIRECT REVENUES TOTAL BUDGETED ACTUAL BALANCE/ PROPERTY OTHERTHAN FINANCIAL BUDGETED E7(PENDITURES, EXPENORURES2 NET TAX PROPERTY OTHER FINANCING INTERFUNO TRANSFERS RE3�RCES EXPENDITURE EXPENSES EXPENSES ASSETS— REVENUES TAXES 2009.10 2009.10 AVAILABLE EXPENSES 1. General fund f 16.142.395 IS 16,142.395 f 6,579,808 f 15 /4,696,229 f 15 i 106,630 15 [FAZ4Zn 541.94F,3PA i 14,3a3e33 2. Speclal Revenue Funds 4,561,966 4,664.966 1,823,675 Secondary: 1,400,000 4,492254 3,044.649 f 10.160,576 4,612,570 Debt Service Funds 3. Avallabta 3205,113 3.205,113 841,640 3214,041 523,013 4,576,694 3276,613 41 Less: Designation tar Future Debt Rell —tt Im S.TaWDaWSorAcsFunds 3205,113 3205,113 841640 3214,041 S23,013 4,578,694 3278,513 6. Capita Prejeaa Funds 4,407.016 3,449,016 10,547,475 10,674,377 2,981,190 142,400 24,345,442 12,867,631 7. Perawmat Funds S. Enterprise Funds Avaitabk 2, Lass: Designation for Future Debt RW mmeal 0. Total Entstpdse Funds 1. internal Service Funds 268,016 236,416 504,434 2 TOTAL ALL FUNDS IS 2L319.4201 i 27,361,490 1 f 20,060.614 f 1,400,000 S 33.078,901 f S f 1619,471 f 13A49A71 S Q=4$71 f 35284,672 EXPENDITURE LIMITATION COMPARISON 20" 2009.10 1. Budgeted expenditureslexpenses S 28.31%490 S 35264672 L Addhubft& estimated net reconciling Items I Budgated aapandituraslespenses adjusted ter reconciling Items 20 319 490 3 612 4. Lou: estimated eactuslons 11656 216 17,595,352 S. Amount subject to the oapanditure limitation 1 6. EEC or vater approved attemathre expenditure Ilmltation 731 1 $ 211,95k993 • '• ax udm Erpmaaw t*-m Aalotnuh Apoad d 2W43Tw Sdod* L bd ft adaad wmcb as alto tea t. propmsa Oud9a raa pepan4 a4paW kr asriaaue aNv47ra an rs::aeider Atha 6aW pr. kwa abaf4eofwnnrtpuaa Fwd tlisaw%d Asa&-- va— wfn —ft b— WIn wad —ft mtal nllsd 0"eadmouveOnVidad arxrtls aaaatmobw p cbm to *am paaaGae lo, lalmmaaooal Nepaam 4C pspaia► b..". W4 TOWN OF FOUNTAIN HILLS, ARIZONA Summary of Tax Levy and Tax Rate Information Fiscal Year 2009 -10 Maximum allowable primary property tax levy A.R.S. §42- 17051(A). 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). 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) 2008 -09 levy (2) Prior years' levy (3) Total primary property taxes B. Secondary property taxes (1) 2008 -09 levy (2) Prior years' levy (3) Total secondary property taxes C. Total property taxes collected 5. Property tax rates A. Town tax rate (1) Primary property tax rate (2) Secondary property tax rate (estimate) (3) Total city/town tax rate B. Special assessment district tax rates 2008 -09 2009 -10 FISCAL YEAR FISCAL YEAR $ 0 $ 0 $ 0 0 $ 0 1,400,000 $ 1,400,000 $ 0 1,400,000 $ 1,400,000 $ 0 0 0 0 $ 0 0 $ 1,330,000 1,400,000 $ 0 0 $ 1,330,000 1,400,000 $ 1,330,000 1,400,000 0.0000 0.0000 0.1972 0.2173 0.1972 0.2 73 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 SOURCES OF REVENUES GENERALFUND Lqcal taxes Local Sales Tax Franchise Tax Licenses and perqits Animal License Fees Business License Fees Building Permit Fees Landscape Permit Fees Planning & Zoning Fees Improvement Plan Review Fee Intergovernmental State Sales Tax Fire Insurance Premium Tax Shared Income Tax Vehicle License Tax Charges fmr services Parks & Rec User Fees Senior Services Fees Encroachment Fees Variances Fines and forfeittures Court Fines Interest on Investments Interest on Investments Rentals Community Center Rental Fees Community Center Bar Sales Leases & Rents Miscellanemus Miscellaneous ESTIMATED ACTUAL ESTIMATED REVENUES REVENUES REVENUES 2008 -09 2008 -09' 2009 -10 $ 6,508,903 $ 6,508,903 $ 6,628,911 $ 332,800 $ 332,800 $ 363,731 0 37,986 117,995 812,780 20,000 34,000 21,000 2,215,242 130,520 3,610,480 1,067,300 155,683 79,551 25,000 50,000 234,600 300,000 198,600 24,480 65,475 100,000 37,986 117,995 812,780 20,000 34,000 21,000 0 2,215,242 130,520 3,610,480 1,067,300 0 155,683 79,551 25,000 50,000 0 234,600 0 300,000 0 198,600 24,480 65,475 0 100,000 39,505 122,715 330,120 10,400 0 21.000 1,894,032 135,741 3,163,367 953,455 127,687 110,211 10,000 15,600 239,292 125,000 168,150 0 55,575 181,737 Tqtal 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 pnnpmsed budget was prepared, plus estimated revenues fmr the remainder mf the fiscal year. Excise Taxes $ 43,575 $ Local Sales Tax Transfer $ 295,859 $ 295,859 $ 295,859 $ $ 295,859 $ 295,859 $ 295,859 Court Enhancement Fund $ 14,664 $ 44,550 Court Enhancement Fund $ 28,000 $ 28,000 $ 17,000 $ 91,700 $ 28,000 $ 28,000 $ 17,000 Public Art Fund $ 9,785 $ 9,785 Public Art Fund $ 0 $ 0 $ 2,000 7965 $ 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 742,134 $ 742,134 General obligation Bonds 10,528,907 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 $ 379,000 $ 379,000 $ 389,100 Cottonwoods Improvement District $ 3,300 $ 3,300 $ 0 Cottonwoods Maintenance District $ 3,850 $ 3,850 $ 3,850 Municipal Prop Corp 1,275,277 1,275,277 1,283,178 $ 1,661,427 $ 1,661,427 $ 1,676,128 Tgtal Debt Service Funds $ 3,178,770 $ 3,178,770 $ 3,214,041 CAPITAL PROJECTS FUNDS Develqpment 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/Museum Development Fees Capital Prqjects Local Sls Tax Contribution Capital Projects transfers Stimulus Funds Debt Service Proceeds $ 43,575 $ 43,575 $ 13,767 $ 214,000 $ 214,000 $ 74,316 $ 76,010 $ 76,010 $ 14,664 $ 44,550 $ 44,550 $ 9,390 $ 91,700 $ 91,700 $ 28,440 $ 9,785 $ 9,785 $ 3,153 $ 8,965 $ 7965 $ 1,740 488,585 $ $ 488,585 $ 145,470 $ 706,154 $ 706,154 $ 510,000 35,980 35,980 2,981,190 0 0 2,537,717 $ 0 $ 0 $ 4,500,000 742,134 $ 742,134 $ 10,528,907 Tmtal Capital Prmjects 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 proposed budget was prepare , plus estimated revenues for the remainder of the fiscal year. TOWN OF FOUNTAIN HILLS, ARIZONA Summary by Fund Type of Other Financing Sources! <Uses> and Interfund Transfers Fiscal Year 2009 -10 OTHER FINANCING INTERFUND TRANSFERS 2009 -10 2009 -10 FUND SOURCES <USES> IN <OUT> GENERAL FUND Annual Debt Payment for Community Center $ $ $ $ (387,000) Transfer to CIP- Municipal Software (100,000) Interfund charge for Vehicle Replacement (175,422) Grant Match 108,850 Total General Fund $ 0 $ 0 $ 108,850 $ (662,422) 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 Total Debt Service Funds 0 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) $ $ $ $ (142,400) Total Enterprise Funds 0 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 Dopartment of ExpenditureelExpenses Within Each Fund Type Fiscal Year 2009.10 ADOPTED EXPENDITURE/ BUDGETED EXPENSE ACTUAL BUDGETED EXPENDITURES/ ADJUSTMENTS EXPENDITURES/ EXPENDITURES/ EXPENSES APPROVED EXPENSES EXPENSES FUNDIDEPARTMENT 2008-09 2008-09 2008 -09' 2009 -10 GENERAL FUND Mayor and Town Council $ 93,088 $ $ 93,088 $ 85,640 Municipal Court $ 394,490 $ $ 394,490 $ 397,528 Administration $ 3,253,281 $ $ 31253,281 $ 2,964,800 Public Works $ 1,818,358 $ S 1,818,358 $ 1,372,201 Planning and Zoning $ 1,421,338 $ $ 1,421,338 $ 1,068,474 Parks and Recreation $ 1,936,912 $ $ 1,936,912 $ 1,669,024 Law Enforcement $ 2,839,077 $ $ 2,839,077 $ 2,844,877 Fire Department $ 3,240,908 $ $ 3,240,908 $ 3,065,477 Community Center $ 1,144,943 $ $ 1,144,943 $ 1,057,625 Transfers 0 0 0 Contingency $ 0 $ $ 0 $ 0 Total General Fund $ 16,142,395 $ 0 $ 16,142,395 $ 14,525,655 SPECIAL REVENUE FUNDS Kighway Users (HURF) $ 2.207,284 $ $ 2,207,284 $ 1,600,545 ADOT $ 0 S $ 0 $ 0 Public ART $ 0 $ $ 0 $ 2,500 Community Center FF &E $ 0 $ $ 0 $ 0 Court Enhanoement Fund $ 90,000 $ $ 90,000 $ 50,000 Proposition 202 $ 0 $ $ 0 $ 150,000 Miscellaneous Grants $ 2,075,847 S $ 2,075,847 $ 2,426,850 Excise Tax Special Revenue $ 191,835 $ $ 191,835 $ 382,675 Total Spacial Revenue Funds $ 4,564,966 $ 0 S 4,564,966 S 4,612,570 DEBT SERVICE FUNDS General Obligation Bands $ 1,340,364 S $ 1,340,364 $ 1,340,364 Revenue Bonds 136,413 $ $ 136,413 $ 136,413 Municipal Property Corp (MPC) 1,337,486 1,337,486 1,408,886 Cottonwood tmprov Dist 3,850 3,850 3,850 Eagle Mountain CFD 387,000 387,000 389,100 Total DebtSarvico Funds $ 3,205,113 $ 0 $ 3,205,113 $ 3,278,613 DEVELOPMENT FEES Law Enforcement Development Foos 6,020 6,020 0 Street Department Development Foos 272,780 272,780 142,400 Parks & Recreation Development Fees 583,900 583,900 0 Open Space Development Fees 79,060 79,060 0 General Government Development Fees 12,670 12,670 0 Fire Development Fees 1,330 1,330 0 Library Development Fees 2,240 2,240 0 Total Development Fees 958,000 $ 0 $ 958,000 $ 142,400 Capital Projects 3,049,016 3,049,016 12,291,724 Contingency 400,000 400,000 433,710 Total Capital Projects Funds $ 3,449,016 $ 0 $ 3,449,016 $ 12,725,434 TOTAL ALL FUNDS $ 28,319,490 $ 0 $ 28,319,480 S 35,284,672 ' Includes actual expenditures /expenses recognized on the modified accrual or accrual basis as of the data the proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year.