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HomeMy WebLinkAboutRes 2006-19 RESOLUTION NO.2006-19 ttlitiov A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE TOWN OF FOUNTAIN HILLS, ADOPTING THE TENTATIVE BUDGET AS THE 2006-2007 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 Town Council did, on May 18, 2006, 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 Council met on May 18, 2006, 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 1, 2006, at the Fountain Hills Town Council Chambers for the purpose of hearing taxpayers and making tax levies as set forth in said estimates; and Lif 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 ARzz. REV. STAT. § 42-17051(A). 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 budget of the Town of Fountain Hills,Arizona, for the fiscal year July 1, 2006 through June 30, 2007. PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills, June 1, 2006. FOR THE TOW F FOUNTAIN HILLS: ATTEST: Ail / 6,4 x.)____ W. J. Ni ols, Mayor ,Town Clerk REVI + BY: APPROVED AS TO FORM: G 0 itAL.7_ Limot y G. is ering, Town Ma ger Andrew J. McGuire,Town Attorney 652043.1 L 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 1,2006 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 L 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 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 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 1,2006 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 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 • • N n N h N C 0 Ww M 0 N 0 ID b L C us m N O M In a N Ps f7' (.1 O Li,O e-tO N N N N en C 0 2 a o 0 W x N (SO. mXw O y US a) _ ......,. N • E0 W N DD N N Si E tis z ZccQp N as So 1° O ✓ t. Q El:O 44 p N w (q CO O+ < .0 0 , N Q N S g i, p a Q 3 F N N 'C a .D C C o o O 7 N U x o ¢ ^ o 0 0 N }- . 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E N O Q F r 0, N La ' S v 0 m ° _^ N• v C 0 It a Q W F T = .m. R 0 '�q m c ; ono w m IDzz-7 0 5 2 E x mo o » a g i— D y y Y! a = m w o F `" •x R io N NN CO CO in ev Q d O d •7 2 a E m • CZ d U (U N miOl N Kf m O �0 m G G. 0 O m tO y0. Q � s�• ' w KC W 1 e m a p m m e F o m m • 3 0 0 .O co 9 v_ a N N r m U � u i• c a o is m v, C 'n W N v N N & Z .4 V it ° W A N 1 s Is - ON G N Qa WN 0 m m m 5 m o c•° C U la t a E v axi S a a 9 �a� • �p O N r o o N ca x x w g° a o — �CCF- w m a1 m m umf n ¢ m m 6 0 2 °- a C y w W to W 7 tc N f° O O N aJ m M b pYl ° s m G L Y 3 .w a CJ• a o z a o mr '° N N N 1° W .p O y Q 0 E al p I°.• L O .0 U ama W N N O. CO Q ID J Q W 6L S. O -• 0 x _ W r. N t+i M N 0 m" O` V W m`o a O V x C O m �n 7 .O 7 F•^ a 2 = e c ' 7 A7 ea {Z. D ° u. y Et s a0 0 X tr. O C L > � C WT. m ) Q IL C • '++ .c a] ^ U. eC LE y a G L. m ;ti o o " • ul m o ' = c t . c c - ea[-^ 7 V C Z V- C m d y o •CO ° m a , co 13 ;) •-. d 0 d 8 b den .0 a OlE Z 9u 0. U. z da cOpmE n Ea N _^ F h P !a Nm ¢ C - — ftuJ $ a a 0 E : 0 I O '•• Q• ;m a a - C a J110 p � O CO O -a O I- 0 a W J G c Fa- 6" •..' =L. Q N M 'd N ID rr ea a; ea 0 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 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 illior 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 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 Ipsses 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 IIIIIW *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 3 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 SPECIAL REVENUE FUNDS Highway User Revenue Fund Highway Users 1,598,850 1,522,897 1,6I4,855 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 L Grants $ $ ,$ FEMA-Fire Department $50,000 $0 $0 ADOT $175,000 $175,000 $0 Proposition 202 $0 $147,928 $0 LTAF Il $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 Fees $ 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 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. L 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 S (907,000) Total General Fund $ s $ s (907.000) SPECIAL REVENUE FUNDS $ $ s $ Transrer to HURP Debt Service (135.000) Excise Taxes (1,068,050) Total Special Revenue Funds $ s s s (1.203.050) DEBT SERVICE FUNDS $ $ $ $ Transfer Fmm BURP 135.000 PC 1,455,050 Total Debt Service Funds $ $ $ 1.590.050 $ CAPITAL PROJECTS FUNDS $ $ $ $ Civil:Center Phase II Development Pecs 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 $ $ $ 2.110,050 $ (2,110.050) 5/03 SCHEDULE D TOWN OF FOUNTAIN HILLS, ARIZONA kilisr Summary by Department of Expenditures/Expenses Within Each Fund Type Fiscal Year 2006-07 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 $ S 452,420 S 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 S 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 I1 68,125 53,006 0 Miscellaneous Grants 1,437,000 0 1,500,000 Excise Tins 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 S 0 $ 4.463,552 $ 5,323,317 LirDEBT SERVICE FUNDS General Obligation ponds $ $ $ $ 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-Min Preserve GO 499,000 330,000 0 Refunded GO Bonds 0 515,000 1,371.400 Special Districts/MPC Debt Service: Bond Payment-l-lURF 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 $ 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 Government Development Fees 244,687 244,687 0 Fire Development Fees 0 0 0 Library Development Fees 0 0 0 Civic Center Phase 11 956,500 956,500 0 Park Improvements 206.000 0 0 Streets 135,000 0 0 Downtown 0 0 800,000 Total Capital Projects Funds $ 2,587,535 $ 0 S 1,647,035 $ 2.228,622 PERMANENT FUNDS $ $ $ $ Total Permanent Funds $ 0 $ 0 $ 0 $ 0 ENTERPRISE FUNDS $ $ $ $ Lir Total Enterprise Funds $ 0 $ 0 $ 0 $ 0 TOTAL ALL FUNDS $ 25,338,788 $ 0 $ 21,869,852 $ 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 OF transfer of$907,000 5/03 SCHEDULE E