Transmittal Letter - continued
FY 2023 Annual Budget
Enterprise Funds Budgetary Highlights
Water/Wastewater Fund Budgetary Highlights
Water/Wastewater Fund Revenue Highlights:
Water/Wastewater Fund Proposed Budget Revenue - increased $12.8 million or 36.2 percent, mainly due to the Fiscal Year 2023 Revenue Bond Proceeds and Utility Fund CIP transfer for FY 2023 CIP Program:
Water/Wastewater Fund Expense Highlights:
Water/Wastewater Fund Proposed Budget Expense - increased $14.49 million or 38.7 percent, mainly due to the following:
Personnel Services increase of $207K, $74K for Phase III Compensation Plan Program; $112K for street sweeping crew; and $2K decrease for other baseline adjustments (Baseline adjustments: include payroll reorganizations, new hires, retirees that took place in the prior fiscal year that will be captured in this fiscal year.);
Maintenance increase of $406K, the net result of increase in fuel, water and wastewater plan machinery and tools, lift station maintenance, adding back generator
rental, and various one time projects;
Capital decrease of $620K, mainly due to a reduction in machinery and equipment purchases;
Transfers increase of $1.59 million, due to CIP Transfer;
Debt Service decrease of $1.05M, due to debt schedule;
Utility CIP Program increase of $13.5M, per Fiscal Year 2023 CIP; and,
Internal Service Charges increase of $442K due to increase in technology charges, more vehicles being purchased, and Building Equipment Services overhead increase.
Revenues are budgeted at $151,074, the same level as prior year. Expenses are budgeted at $117,911, an increase of $9,104, or 8.37 percent, mainly due to one-time technology improvements to various conference rooms.
- Revenues are budgeted at $683,600, a decrease of $15K, or 2.16 percent mainly due to current rental trends.
- Expenses are budgeted at $738,996, a decrease of $254K, or 25.56 percent, mainly due to less capital replacements.
Environmental Services Fund Budgetary Highlights
Environmental Services Fund Revenue Highlights:
Environmental Services Fund Proposed Budget Revenue - increase of $302K, the net effect of an increase in extra carts, increase in royalty payments, and decrease from other sources.
Note: Environmental Services is proposing an additional $1.50/cart per month for extra solid waste and recycling carts. Currently that rate is $5.00/cart per month. This addition would take this amount to $6.50/cart per month. The $5.00 rate for extra carts was developed in 2008 and has not been increased to date. This accounts for the $137,500 in cart fees.
Environmental Services Fund Expense Highlights:
Environmental Services Proposed Budget Expense - decreased $149K, mainly due to the following:
Personnel a $195K increase, due to $45K for Phase III Compensation Plan Program, $137K for new staff, and $13K in baseline adjustments (Baseline adjustments: include payroll reorganizations, new hires, retirees that took place in the prior fiscal year that will be captured in this fiscal year.);
Capital decrease of $494K, mainly due to postponing administrative building (one-time) in prior fiscal year;
Supplies increase of $74K due to current fuel trends;
Transfers decrease of $125K, to reducing Closure/Post Closure transfer to fund Overpass Cleaning Program;
Contractual Services increase of $137K, due to Overgrown Lot Mowing Program, decrease in tipping fees, and Overpass Cleaning Program; and,
Internal Service Charges increase of $190K; the result of more vehicles being replaced, increase in Fleet Overhead and increase in Technology charges.
- Revenues are budgeted at $1,376,174, an increase of $39K, mainly due to the continued growth in golf sales and a proposed rate increase.
- Expenses are budgeted at $1,258,603, an increase of $163K, mainly due to new staff, increasing the golf cart fleet and adding GPS software to the carts to continue to provide more services, $14K increase to cost-of-goods sold, and capital expense budgeted at $86K to improve the golf greens and move tee box.
Softball Complex Fund Budgetary Highlights
Revenues and expenses are budgeted at $12,000, the same level as prior year.
Internal Service Funds Budgetary Highlights
Building and Equipment Services Budgetary Highlights
- Revenues are budgeted at $7,263,631, an increase of $2.0M, the net result of more vehicle replacements being budgeted for FY 2023, an increase in fuel, and one time transfer to Fleet Overhead - all which is paid by other funds as an internal service charge.
- Expenses are budgeted at $7,008,565, an increase of $1.1M; the result of Phase III of the Compensation Plan, increase in fuel prices, more vehicles being leased and purchased, and increase in capital equipment.
Information Technology Fund Budgetary Highlights
- Revenues are budgeted at $1,928,557, an increase of $300K; mainly due to an increase in Technology Charges - all which is paid by other funds as an internal service charge.
- Expenses are budgeted at $2,074,768, an increase of $348K; the net result of $8K for Phase III of the Compensation Plan, $50K for new staff, additional software maintenance costs $190K, increase for city-wide work order system, $60K (one-time) for software implementation, and a decrease in capital expenses.
Purchasing/Print Shop Fund Budgetary Highlights
- Revenues are budgeted at $552,126, an increase of $17K, mainly due to increase in Print Shop fees.
- Expenses are budgeted at $569,327, an increase of $10K, mainly the net result of increase in Technology Charges, equipment maintenance, and decrease in advertising.
- Revenues are budgeted at $6,837,868, a decrease of $288K; mainly due to the Employee Premium Reduction Program and retiree rebates. (See table on right.)
- Expenses are budgeted at $6,108,327, a decrease of $290K, mainly the result of a decrease in health and prescription claims.
The Budget presented is a balanced budget, in that recurring revenues are projected to be adequate to cover recurring expenses. For each City fund type, you will find an adequate projected ending fund balance/working capital balance; therefore, the Fiscal Year 2023 Proposed Budget is a financially responsible budget plan.