HomeMy WebLinkAboutRes 2010-22RESOLUTION NO. 2010-22
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 2010 -2011.
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 I, 2010 and ending June 30, 2011.
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, 2010 and ending June 30, 2011, including the establishment of the maximum
budget amount for such fiscal year in the amount of $33,627,020.
SECTION 3. 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, June 3, 2010.
FOR THE TOWN OF FOUNTAIN HILLS:
T
&y,T, Schlum, Mayor
REVIEWED BY:
2QUQ,.�
Richard L. Davis, Town Manager
1251969.1
ATTESTED TO:
f ij
APPROVED AS TO FORM:
Andrew J. McGuire, Town Attorney
EXHIBIT A
TO
RESOLUTION NO. 2010-22
[Tentative Budget]
See following pages.
1251969.1
TOWN OF FOUNTAIN HILLS, ARIZONA
Summary Schedule of Estimated Revenues and Expendituros/Experms
Fiscal Year 2010.11
FUND
ADOPTED
BUDGETED
EXPENDITURES/
EXPENSES
2009.10'
ACTUAL
EXPENDITURES/
EXPENSES
2009 -10••
FUND
BALANCE/
NET ASSETS—
Jul I. 2010••
DIRECT
PROPERTY
TAX
REVENUES
2010.11
ESTIMATED
REVENUES
OTHER THAN
PROPERTY
TAXES
2010.11
OTHER FINANCING
2010 -11
INTERFUND TRANSFERS
2010 -11
TOTAL
FINANCIAL
RESOURCES
AVAILABLE
2010.11
BUDGETED
EXPENDITURES/
EXPENSES
2010 -11
SOURCES
cUSES>
IN
�UT>
1. General Fund
S 14,525,854
$ 14,525,654
$ 6,641,532
Primary:
$
$ 12,642,268
$
$
$
S (571,241
S 19,655,041
S 12,642.268
2. Special Revenue Funds
4,461,841
4,461,841
1,702,959
7
1,040,484
9,109.460
41,309
(6,531,677)
$ 16,42509
9,422,913
3 Debt Service Funds Available
=41.61131
3,276,613
773,218
1 2,680,834
1
387,000
3.841,052
2,864.003
Lou: Designation for Fuiuro
4. Debt Retirement
5 Total Debt Service Fonda
3978, 613
1, 276, 613
773,218
2,680,834
367,000
3.841.052
2,864.009
6. Capital Projocts Funds
12,867,834
12,725,434
12,279,010
6,607,075
6,451,602
25.337.887
0,697,836
7. Permanent Funds
S. Enterprise Funds Avaiable
Loss: Designation for Futuna
9. Debt Retirement
10. Total Enterprise Funds
11. Internal Service Funds
398,316
222.607
621,125
12. TOTAL ALL FUNDS
S 35,133,943
$ 34.991,543
S 21,795,037
S 1.040,484
S 31.039,637
$
S
S 7.061,609 S (7,102,916)
$ 68.080.993
S 33,627,020
EXPENDITURE LIMITATION COMPARISON 2009.10 2010.11
1. Budgeted expenditures/expenses $ 35133 943 $ 33.627.020
2. Add/subtract: estimated not reconciling Roma
3. Budgeted expenditures/expenses adjusted for reconciling items 35,133 943 33 627
4. lase: estimated exclusions 9,858 218 18143
i Amount subject to the expenditure limitation 25 47s 725 S 1 s 483 041
6. EEC or voter-opprovsd alternative expenditure limitation $ 25 731 I S 26 591 378
• Includes ExpenditurelExpenso AcQustmento Approved in 2007-00 from Schedule E.
•• Includes actual amounts as of the date the proposed budget was prepared, adjusted for estimated activity lot the remainder of the fiscal year.
Amounts In this column reproeent Fund Bolanco/Net Asset amounts except for amounts invested in capital assets, net of related debt, and resorvcd/rostricted amounts established as
offsets to assets presented for informational purposes (i e.. prepaids, Inventory. ote.).
TOWN OF FOUNTAIN HILLS, ARIZONA
Summary of Tax Levy and Tax Rate Information
Fiscal Year 2010 -11
2009 -10
2010.11
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
fiscal year 2008 -09 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
1,040,484
C. Total property tax levy amounts
$ 1,400,000
$
4. Property taxes collected'
A. Primary property taxes
(1) 2009 -10 levy
$
0
0
(2) Prior years' levy
0
0
(3) Total primary property taxes
$
0
0
B. Secondary property taxes
(1) 2009 -10 levy
$
1,400,000
1,040,484
(2) Prior years' levy
$
0
0
(3) Total secondary property taxes
$
1,400,000
1,040,484
C. Total property taxes collected
$
1,400,000
1,040,484
5. Property tax rates
A. Town tax rate
(1) Primary property tax rate 0.0000 0.0000
(2) Secondary property tax rate (estimate) 0.2173 0.1836
(3) Total city/town tax rate 0.217
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 2010.11
State Sales Tax $ 1,894,032 1,894,032
Fire Insurance Premium Tax $ 135,741 135,741
Shared Income Tax $ 3,163,367 3,163,367
Vehicle License Tax $ 953,455 900,000
1,765,065
119,452
2,384,218
850,000
User Fees
ESTIMATED
ESTIMATED
SOURCES OF REVENUES
REVENUES
ACTUAL REVENUES
REVENUES
100,000
2009.10
2009.10'
2010 -11
GENERAL FUND
110,211
60,000
Local Taxes
Encroachment Fees
$
10,000
Local Sales Tax
$
6,628,911
$ 6,628,911 $
6,020,520
Franchise Tax
$
363,731
$ 273,000 S
300,000
Permits
Animal License Fees
$
39,505
39,505
45,088
Business License Fees
$
122,715
122,715
109,180
Building Permit Fees
$
330,120
150,000
155,140
Landscape Permit Fees
$
10,400
0
0
Planning & Zoning Fees
$
0
21,058
15,000
Improvement Plan Review Fee
$
21,000
21,000
81506
Intergovernmental
$
168,150
100,000
State Sales Tax $ 1,894,032 1,894,032
Fire Insurance Premium Tax $ 135,741 135,741
Shared Income Tax $ 3,163,367 3,163,367
Vehicle License Tax $ 953,455 900,000
1,765,065
119,452
2,384,218
850,000
User Fees
Parks & Rec User Fees
$
127,687
100,000
158,059
Senior Services Fees
$
110,211
60,000
90,033
Encroachment Fees
$
10,000
15,000
17,000
Variances
$
15,600
8,842
10,000
Fines and fonfeittures
Court Fines
$
239,292
239,292
255,078
Interest on Investments
$
Interest on Investments
S
125,000
10,000
10,800
Rentals
Community Center Rental Fees
$
168,150
100,000
102,328
Community Center Bar Sales
$
0
0
0
Leases & Rents
$
55,575
118,536
100,464
Miscellaneous
$
Miscellaneous
$
181,737
16,158
126,337
Total General Fund
$
14,696,229
$
14,017,157
$
12,642,268
SPECIAL REVENUE FUNDS
Highway User Revenue Fund
Highway Users
$
1,480,152
$
1,480,152
$
1,315,800
Total Highway User Revenue Fund
$
1,480,152
$
1,480,152
$
1,315,800
Local Transportation Assistance Fund
Local Transportation (LTAF)
$
113,400
$
113,400
$
0
Total Local Transportation Assistance Fund
$
113,400
$
113,400
$
0
In Lieu Payments
$
2,000
$
2,000
$
15,068
Interest
$
4,993
$
4,993
$
120
Miscellanoous
$
0
$
0
$
7,602
$
1,600,545
$
1,600,545
$
1,338,590
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.
Excise Taxes
Local Sales Tax Transfer
$
295.859
$
295,859
$
270,629
$
295,859
$
295,859
$
270,629
Court Enhancement Fund
Court Enhancement Fund
Public Art Fund
Public Art Fund
Grants
FEMA
Construction Grants/Stimulus
Community Grants
LTAF It
Miscellaneous Grants
$ 17,000
$ 17,000
$
19,250
$ 17,000
S 17,000
$
19,250
S 2,000
$ 0
S
30,766
$ 2,000
$ 0
$
30,766
S 0
S 0
S
0
$ 2,318,000
S 2.318,000
S
6,131.802
$ 183,998
$ 183,998
S
200,000
$ 40,000
S 36,074
$
0
$ 218,850
$ 218,850
$
1,118,423
$ 7760,848
$ 2,756,922
S
7,450,225
Total Special Revenue Funds
$
4,676,252
S
4,670,326
$
9,109,460
DEBT SERVICE FUNDS
General obligation Bonds
Secondary Property Tax
1,400,000
$
1,400,000
$
1.040,484
Interest
1,500
11500
300
$
1,401,500
$
1,401,500
$
1,040,784
Revenue Bonds
Transfer from HURF Fund
S
136,413
S
136,413
S
0
S
136,413
S
115,843
$
0
Special District Bqnds
Eagle Mountain CFD
S
389,100
$
379,000
S
420,500
Cottonwoods Improvement District
S
0
S
3,300
$
0
Cottonwoods Maintenance District
$
3,850
S
3,850
S
3,850
Municipal Prop Corp
1,283,178
1,275,277
1,215,700
$
1,676,128
$
1,661,427
S
1,640,050
Total Debt Service Funds
S
3,214,041
S
3,178,770
S
2,680,834
CAPITAL PROJECTS FUNDS
Develqpment Fees
Law Enforcement Development Fees
S
13,767
$
7,675
S
7,980
Street Department Development Fees
S
74,316
$
17,750
$
48,775
Parks & Recreation Development Fees
S
14,664
$
18,125
S
7,425
Open Space Development Fees
$
9,390
S
7,700
$
4,835
General Government Development Fees
$
28,440
$
13,750
$
16,910
Fire Development Fees
S
3,153
$
1,770
$
1,795
Library/Museum Development Fees
$
1,740
S
2,916
$
875
S
88,595
69,686
$
145,470
$
Capital Prqjects
Local Sts Tax Contribution
S
510,000
S
0
$
66,678
Capital Projects transfers
2,981,190
2,981,190
3,365,837
Stimulus Funds
2,537,717
2,537,717
3,085,965
Debt Service Proceeds
S
4,500,000
$
0
S
0
10,528,907
$
5,518,907
S
6,518,480
Total Capital Projects Funds
$
6,607,075
10,674,377
S
5,588,593
S
TOTAL ALL FUNDS S 33,260,899 $ 27,454,846 $ 31,039,637
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.
TOWN OF FOUNTAIN HILLS, ARIZONA
Summary by Fund Type of Other Financing SourceskUses> and Interfund Transfers
Fiscal Year 2010 -11
FUND
GENERAL FUND
Annual Debt Payment for Community Center $
Transfer to Public AR for Maintenance
OTHER FINANCING
2010 -11
SOURCES <USES>
INTERFUND TRANSFERS
2010 -11
IN <OUT>
$ $ $ (387,000)
(10,350)
Interfund charge for Vehicle Replacement
(142,932)
Transfer from General Fund for Grant Match
(30,959)
Total General Fund
$
0
$
0
$
0
$
(571,241)
HIGHWAY USERS
Interfund charge for Vehicle Replacement
(79,875)
Total Highway Users Funds
$
0
$
0
$
0
$
(79,875)
DEBT SERVICE FUNDS
Annual Debt Payment for Community Center
$
$
$
387,000
$
Total Debt Service Funds
$
0
$
0
$
387,000
$
0
CAPITAL PROJECTS FUNDS
Transfer to CIP - Varicus projects
6,131,802
Transfer to CIP - Downtown Improvements
320,000
Transfer from Debt Service
0
Total Capital Projects Funds
$
0
$
0
$
6,451,802
$
0
SPECIAL REVENUE FUNDS
Transfer from General Fund for Maintenance
10,350
Transfer to CIP - Downtown Improvements
(320,000)
Transfer to CIP - Various projects
(6,131,802)
Transfer from General Fund for Grant Match
30,959
Total Special Revenue Funds
$
0
$
0
$
41,309
$
(6,451,802)
DEVELOPMENT FEES
Total Enterprise Funds
$
0
$
0
$
0
$
0
INTERNAL SERVICE FUNDS
$
$
$
$
Interfund charge for Vehicle Replacement
142,932
Interfund charge for Vehicle Replacement
79,875
Total Internal Service Funds
$
0
$
0
$
222,807
$
0
TOTAL ALL FUNDS
$
0
$
0
$
7,102,918
$
(7,102,918)
TOWN OF FOUNTAIN HILLS, ARIZONA
Summary by Department of Expenditures/Expenses Within Each Fund Type
Flecal Year 2010.11
BUDGETED EXPENSE EST ACTUAL
EXPENDITURES/ ADJUSTMENTS EXPENDITURES/
EXPENSES APPROVED EXPENSES
a
FUND/DEPARTMENT 2009 -10 2009 -10 2009 -10
GENERAL FUND
Mayor and Town Council
Municipal Court
Administration
Development Services
Community Services
Law Enforcement
Fire Department
Transfers
Total General Fund
SPECIAL REVENUE FUNDS
Highway Users (HURF)
ADOT
Public ART
Court Enhancement Fund
Community Grants
Miscellaneous Grants
Excise Tax Special Revenue
CIP
Total Special Revenue Funds
DEBT SERVICE FUNDS
General Obligation Bonds
Revenue Bonds
Municipal Property Corp (MPC)
Cottonwood Improv Dist
Eagle Mountain CFD
Total Debt Service 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
INTERNAL SERVICE FUNDS
Vehicle &Equipment Replacement
Vehicle & Equipment Replacement
Total Internal Service Funds
$ 85,640
$ 397,528
$ 2,964,808
$ 2,440,675
$ 2,726,649
$ 2.844,877
$ 3,065,477
0
$ 14,525,654
$
$
S
S
S
S
$
$ 0
S
$
0$
$
0
$ 85,640
$ 397,528
$ 2,964,808
$ 2,440,675
$ 2,726,649
S 2,844,877
$ 3,065,477
0
$ 14,525,654
BUDGETED
EXPENDITURES/
EXPENSES
2010.11
$ 72,427
$ 421,291
$ 2,468,393
$ 1,557,235
$ 2,320,980
$ 2,759,532
$ 3,042,411
0
$ 12,642,268
S 1,433,816
$
S
1,433,816
S
1,287,711
$ 0
S
S
0$
0
$ 18,500
$
$
18,500
$
20,350
$ 50,000
$
$
50,000
$
40,350
$ 150,000
$
$
150,000
$
200,000
$ 2,426,850
$
$
2,426,850
$
1,118,423
$ 382,675
$
$
382,675
$
584,276
0
0
6,171,802
$ 4,461,841
$
0
$
4,461,841
$
9,422,913
$ 1,340,364
S
$
1,340,364
$
1,030,813
136,413
$
$
136,413
$
0
1,408,886
1,408,886
1,418,630
3,850
3,850
3,850
389,100
389,100
410,710
$ 3,278,613
S
0
$
3,278,613
$
2,864,003
$
$
$
0
$
0
0
0
142,400
142,400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142,400
$
0
$
142,400
$
0
12,291,724
12,291,724
8,609,244
433,710
433,710
88,592
$ 12,725,434
S
0
$
12,725,434
$
8,697,836
$ 0
$
$
0
$
$ 0
$
$
0
$
TOTAL ALL FUNDS $ 35,133,943 $ 0 $ 35,133,943 $ 33,627,020
' Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus
estimated expendltures/expenses for the remainder of the fiscal year.