HomeMy WebLinkAbout10/06/2008❖$36.6 million -includes General,
CIP and 8 Special Revenue Funds
❖1.6% decrease compared to 2008
Adjusted Budget
General
73%
Recreation
Center
Crime 7~'
1%
Conservation
Trust
1%
!-Capital
13%
Police
Investigation
0.07%
Richards Hart Municipal Open Space
Estate Court 3%
0.04% 0.1%
❖$27.8 million - Includes a $1.1
million transfer to the CIP Budget and
$500,000 to WR2020
❖9.0% decrease compared to 2008
Adjusted Budget
2
Central
Charges
Parks and 9%
16%
Public Works
16%
Adm. Services
11% Transfers
(CIP)
4%
Court
3%
Police
31%
General Gov't
4%
Community
Development
7%
$26,982,020 Revenues
$5,503,802 Beginning Fund Balance
$32,485,822 Total Available Funds
•A5.1% decrease compared to 2008
estimated revenues (not including
fund balance)
:•$4,705,169 - ending fund balance
(16.9%)
3
es Tax
59%
Other
1%
Interest
1%
3%
Use Tax
Services 10%
4%
Intergov.i Licenses Other Taxes
6% 4^/n 11%
4
Streets
95%
Traffic
1%
Drainage
Zop Parks
Facilities 1%
1%
32nd Ave and Youngfield St.
Improvements
City Portion $3,300,000
5
Arvada Channel Extension
Extension of
the Arvada
Channel from
Miller St. to
Oak St. in
cooperation
with UDFCD
($80,000)
Demolition of 3388 Swadley St.
The house
along Lena
Gulch will be
removed in
cooperation
with UDFCD
($20,000)
6
:'Installation of four speed boards at two
locations
o$35,000
Neighborhood Traffic Management
Program
0$30,000
.,J~? Air conditioning and shelving
Total: $58,000
7
$300,000 Revenues
$1,100,000 Transfer from General Fund
$3,445,167 Beginning Fund Balance
$4,845,167 Total Available Funds
❖56.6% decrease compared to 2008
estimated revenue
:•$196,167 - ending fund balance
Transfers
Interest
7%
Lodgers
Tax
4°/a
8
❖5 - Patrol Vehicles ($195,000)
❖1 - Police CSO truck ($30,000)
❖1 - Public Works Sweeper ($180,000)
R
RIIII
•31 - Tandem Plow Truck ($160,000)
•S2 - Parks 4x2 Pickups ($33,000)
❖ 1 - Parks Mower ($80,000)
v1 - Corn Dev Pickup, new ($16,000)
• Total = $694,000
• Auction = $60,000 in revenue
$2,573,850
❖3.9% increase compared to the 2008
Adjusted Budget
9
Facility
Operation
60%
Fitness
13%
$2,110,523
$2,398,947
$4,509,470
Revenues
Iuatics
23%
Beginning Fund Balance
Total Available Funds
❖0.05% decrease compared to 2008
estimated revenues
:•$1,935,620 - ending fund balance
10
Fitness
7%
Aquatic
4%
Interest & Misc.
5%
❖$1,522,533 - includes staffing of 6
parks employees
❖35.5% decrease compared to 2008
Adjusted Budget
11
Facility
Operation
8401.
Park Construction
56%
16%
Open Space-/
28% Park Maintenance
8%
❖Open Space Improvements
($25,000)
•3 Park Maintenance Projects ($50,000)
❖Open Space Sign Fabrication
($30,000)
❖Prospect Park Water Line
($55,000)
12
❖Disposal of Park Property - small portion
of 38th and Kipling ($100,000)
o Repayment to Jefferson County Open Space for their
percentage of the purchase price
❖Park Site Development/Construction -
Phase I ($700,000)
o 38th and Kipling
13
•3Wildlife Viewing Platform/Boardwalk
($100,000)
o East of West Lake
$1,610,000 Revenues
$316,505 Beginning Fund Balance
$1,962,505 Total Available Funds
❖56.0% increase compared to 2008
estimated revenues
:•$403,972 - ending fund balance
14
Open Space
Tax
54%
Misc. Fees
8%
Developer
Fees
19%
❖$725,000
❖Same as 2008 Adjusted Budget
County
Grants
16%
15
Park Development
56%
6%
Historical f Park Maintenance
21% 15%
❖Baugh House Improvements
($155,000)
•S3 8th and Kipling Park
Development/Construction - Phase I
($400,000)
❖Panorama Park Playground
($60,000)
16
❖Miscellaneous Improvements
Panorama Park ($85,000)
❖Resurface Tennis Courts - Apel-
Bacher($25,000)
$472,000 Revenues
$380,225 Beginning Fund Balance
$852,225 Total Available Funds
:•3.7% increase compared to 2008
estimated revenues
❖$127,225 - ending fund balance
17
Interest
4%
67%
❖$371,962
❖2.3% decrease compared to 2008 Adjusted
Budget
I-
s
PROSenhu In FOIQ
18
Otl
Sen
7
Personnel
Services
89%
$346,500 Revenues
$252,172
$598,672
❖0.6% increase compared to 2008
estimated revenues
❖$226,710 - ending fund balance
Beginning Fund Balance
Total Available Funds
19
Materials &
Supplies
9%
Interest
2%
NPOI Fines
12%
*Equipment Replacement
Beginning Balance $201,900
Revenues $2,000
Expenses $0
Ending Balance $203,900
Tax
86%
*Police Investigation
Beginning Balance $64,995
Revenues $1,000
Expenses $10,000
Ending Balance $55,995
20
-Municipal Court
Beginning Balance $59,471
Revenues $44,500
j3h Expenses $79,500
Ending Balance $24,471
-Richards Hart Estate
Beginning Balance $11,742
Revenues $14,500
Expenses $16,700
Ending Balance $9,542
220.380 222.255 222.880 223.880
21
2006 2007 2008 2009
Authorized Authorized Authorized Proposed
■ General ■ Recreation Center
® Crime Prevention 0 Open Space
❖1.0 FTE Plans Examiner/Inspector (CD)
o Eliminate contract services
o Increases customer service
o Salary for new position is less than contracted
services
Municipal Court
9.$75
Parks & Recreation 47.63
Public Works 29.00
Police
Community
Development
Administrative
Services
General
Government
12.00
20.375
3.0
0 20 40 60 80 100 120
22
❖ Council approved the following
changes effective June 28, 2008:
1. Average 4.0% increase for civilian
compensation plans
2. Average 4.5% increase for sworn
compensation plan
❖ $177,456 increase
o Merit step increases
civilian employees are eligible to
receive a 3.5% merit increase on their
anniversary date
® sworn employees are eligible to receive
between 2.9% and 6.2% dependent
upon pay grade
23
❖The City provides the following insurance
plans and contributes a percentage towards
the premiums:
o Medical Plan
o Dental Plan
o Short-term & Long-Term Disability
o Life & Accidental Death & Dismemberment
24
To ensure our insurance benefits are
continuing to meet our employees' needs;
are cost efficient; and are in line with the
market, we periodically review:
1. Program Design - (types of plans offered, etc.)
2. Plan(s) Design-(premium quotes, benefit levels).
3. City's Contribution Levels in comparison to
Market.
Life/AD&D, Short-Term & Long Term
Disability _(STD & LTD)
❖ Previously received a 2-Year rate
guarantee - no changes for 2009.
nuicoln
FWnd.l Gmup-
25
Medical
o Kaiser submitted a proposal with a
7.85% increase.
o Three (3) other submittals - but only
as a total Plan Replacement -
averaging 11.5% increases.
A MISM PERMFN .
Medical
Remain with Kaiser HMO and Multi-Choice Plan
o Physician Network - employees have option of going within
or outside Kaiser Network.
o Within Kaiser Network
$5 copay increase for office visits
$5 copay increase for brand name prescriptions
. 60 day supply decreased to 30 day supply
$200 increase in inpatient copay
$5 increase in x-ray copay
o Outside Kaiser Network - no changes, some benefits require
deductible
o Premium Rate - (approximately 3.86% increase)
❖ Total premium $1.7 million
26
Medical
❖Kaiser Permanente Colorado will provide
a $155 million financial relief to current
members in 2009 and 2010
❖The City will receive a credit of $57,000
in both 2009 and 2010
❖The credit will be shared with
employees at the same ratio as
premiums are paid
Dental
d• Delta Dental (current carrier)
❖ Previously received a 2-Year rate guarantee -
no changes for 2009.
Everyone deserves
a healthy smile r-. s.
27
Dental
❖Remain with Delta Dental
o Benefit Plan - promotes Low Option plan
that should result in lower cost.
o Premium - $77,967 total
28
29
❖Economic Development Strategy ($30,000)
❖Alliance for Innovation Membership
($2,500)
❖Court Organizational Assessment ($15,000)
❖City Annual Report ($25,000)
❖Employee Health Assessments ($25,000)
❖ E-Commerce Applications ($25,000)
❖ HVAC Upgrade - Server Room ($15,000)
❖38th Avenue Subarea Plan ($40,000)
❖Joint EOC with Lakewood ($15,000)
❖Bicycle Master Plan ($50,000)
❖Street Corridor Design ($40,000)
❖Employee Health Assessments ($25,000)
❖E-Commerce Applications ($25,000)
30
❖HVAC Upgrade - Server Room ($15,000)
❖New speed trailers ($30,000)
❖ Replacement snow plows ($36,000)
❖Outdoor additions ($40,200)
❖Senior Center improvements ($56,000)
❖$8.4 million in CIP projects including:
o Drainage projects ($324,000)
o Minor street improvements ($1.0 million)
o Major street improvements ($5.0 million)
o Continuation of GIS project ($270,000)
o Phase If of emergency siren system ($124,000)
o Construction of PW and Parks Building ($800,000)
31
❖$1.6 million Scheduled Vehicle Replacements
❖Phase II Marketing Logo Implementation
❖$1.0 million decrease to WR2020
❖$200,000 in IT projects
❖$100,000 in City Hall maintenance
❖$200,000 to Equipment Replacement Fund
2.7%
$10,000,000
$5,000,000
$0
2008 2009 2010 2011 2012 2013 2014
-*-Revenue
32
$0
5.0%
$15,000,000
$10,000,000
$5,000,000
$0
2008 2009 2010 2011 2012 2013 2014
-*-Revenue Expenses
5.0%
rte.
$10,000,000
$5,000,000
16.9%
3.3%
2008 2009 2010 2011 2012 2013 2014
-*-Revenue Expenses f Fund Balance
33
❖October 13th - Public
Hearing
❖October 27nd - Budget
Adoption
34
October 6, 2008
City of Wheat Ridge
7500 W. 29th Avenue
Wheat Ridge, CO 80033
Attn: Mr. Randy Young, City Manager
Re: 2009 WR2020 Funding Allocation Follow Up
Dear City Manager Young,
At the October 1, 2008 City Council Special Meeting, I was asked to provide follow up with
respect to potential changes and operational consequences associated with the proposed
$500,000, 2009 City Council funding appropriation for WR2020. While the proposed
appropriation is significantly less than the anticipated $1.5M, WR2020 believes we can maintain
our operations in the same manner we have operated in the past 2'/: years, for the period of
July 2008-June 2009, our fiscal year. We can do so because WR2020 has carried over
$750,000 from last year's City allocation which we dedicated to our 2009 budget upon receipt
of those funds in January 2008. We will add''/: of the City's 2009 allocation or ($250,000) to our
2009 budget and have a starting balance of $1M.
The manner in which we can retain services is based upon reducing the size of our real estate
portfolio balance in the amount of $350,000, and reallocating these funds to other programs.
The detriment to this is that we are reducing our portfolio balance, and these reallocated funds
may not be recovered, or held for a recycled future use on additional projects.
WR2020's 2010 budget is a significantly different picture from 2009. Based upon the City's
proposed 2009 allocation, WR2020 can only project a $250,000 carry over for the start of our
2010 fiscal year, which begins in July 2009. Therefore, WR2020 will have to make tough
decisions on budget cuts and staffing cuts at that time. We will also need to consider fund
reallocations to maintain operations.
Please see our projections as attached in the 2 year budget outlook. Also please review and
consider the following narrative of our budget projections.
City Manger R. Young
October 6, 2008
WR2020 Budget Proiections
2009
Based on the proposed City Contribution of $500,000 and WR2020's $750,000 carry over from
2008, WR2020 is projecting a potential shortfall of approximately $350,000.
Please note that since the 2009 City funding is proposed at $500,000, WR2020 will attribute
$250,000 for 2009 and $250,000 to 2010, because WR2020's fiscal year runs July - June.
W2020 is carrying $750,000 over from the 2008 allocation for FY2009, making our total City
Funding for 2009 an even $1 M.
WR2020 believes it is important to continue operations in the same fashion we have provided
over the past two and a half years. To continue to do so, WR2020 may take one or more of the
following steps with regard to its operations.
1. WR2020 will reallocate funds from WR2020 Residential Development Portfolio to lending
programs for FY2009, reducing the portfolio by approximately $350,000. Our current
portfolio balance is $23M. Reallocation of funds will leave $1.95 in the portfolio for future
projects.
2. Eliminate additional allocations to lending programs, focus on Real Estate Development
and Community Benefit District programs.
3. Generate Rental Income: WR2020 can rent residential properties that are not selling,
and/or purchase multifamily rental units to upgrade, but maintain them as a rental units.
These become long term income generation properties for WR2020. Please note that the
revenues on this income are not Tax Exempt.
2010
2010 funding appropriations from the City is undetermined at this point; however WR2020 will
carry $250,000 of the Council's proposed $500,000, 2009 allocation into 2010, because
WR2020's fiscal year runs July - June. Please note that in July 2009, WR2020 will start our 2010
fiscal year with a fund balance of approximately $250,000 of un-appropriated funds, but will
seek to maintain our operations in a consistent manner that we have operated to date.
To do so, WR2020 may take some of the following steps to assure that it can operate to its full
capacity during the 2010 fiscal year.
Page 2
City Manger R. Young
October 6, 2008
1. Continue to reallocate funds from Residential Development Portfolio to lending programs,
community programsm and operations costs, reducing the portfolio by approximately $1M,
leaving a portfolio balance of approximately $900,000 for future projects.
2. Work with City to evaluate additional potential City Funding sources for 2010.
3. Stop adding to our lending portfolios, manage the recycling funds to make future loans, but
not have the capacity to make as many loans as we currently provide.
4. Reduce our direct ownership and management of real estate redevelopment activity, and
focus more on partnering to provide coordination services for property owners or developers.
5. Impose fees for services and programs to make sure direct costs are covered.
6. Reduce Staff to lower operation costs.
7. Continue to manage rental properties if WR2020 adopts a rental property ownership and
management program.
As you can see, WR2020 can stay afloat with minimal change until July 2009, at which point we
will need to consider drastic changes to our operations. The optimistic point in this situation is
that there is the opportunity for W R2020 and the City to reevaluate funding capacities in June
of 2009 to determine if the City desires to invest more funds at that time into WR2020 for our
2010 fiscal year.
As always WR2020 appreciates the support that you and City Council provides, and hopes to
help the community weather the financial realities we are all facing.
Thank you,
Robert J. Osborn, Esq.
Executive Director.
Page 3
v
m
a
oae
Na'
°m>
p N
n O ~
dJ q
OIL
M
a
3
m
M
M .080 8v8 0 00~'°8, ,8 6a all
elm^s
a
F
E IS ga `s
W neEe;95~~Z'~''r8°
Ficg 2'aaa0 18n &9 ..a0
a
a
C
f
e ? ai
' s
g.
a Wa i$
~
os
:g ,x~
aE
-
e•
"xe
ZC "~=nom=`,
E t
ffii@r
9~Eaaa<<
ss
ate.
ed_p~
e
e`
R~°i:°g
a3a5€E
ea=`m=8°
,
ism
I
A
m
tl
n$
°E
a
:
n
n
nn
A
n
ng
HIM
$nnnnu~$
a~
as$
'
e
S
°t
m
w
a
=m.
N K
C N
dJ
N
C m
O
a`
888' 8
ago
C Y EE
e
^°3 „ E 9°g
Eaa a ~q: gc n
d`tyN ES2 goz
S a~°.9
od g'qv`
~itu
S 3
E83333gin 3 S<o
838 m
BIRO
3°r e8^8
i
s l a g
q„^e °mmE ° °a
`E$kkxa` 'a9°$
~
ITT"
~Y=9999 E
g=o838~.. „eg
ee o .oF
8888888888 888
MINIM AR M
s gA a
tl t° i E
° ° ic`H tl~ E ~
gm A z;g m3, : mi
q68 EE ~'SSagsaee"'^3e^3
~°n 8eonenne"$ee„ eF
a
a~~
8
C
8
q
tl
~ tl
E
y
08
8!
=
On p' C
E
d~O
D m
a_
~
'
p
g
N
25
n e
uJ m eg
g
3=LL io'~"
a 8
&
o
~ 8
qa
$Y
$
i
~
e
$ o
S=
'
rv
im
p
a
g`eg
a
8
8$° ~m
888 ~S' S 8
tlNrv .Im _
L
E
S
E
c
"
z
tl
c
cb ao
Id!
:,Yg
~
E
EE
=tl
'cWgtl
a`
diEug
~°tl
-
cdm
N'dF
E
fflp
m
e$
8'm°'°°$
86e6
.
m6F
$
mr;$
$3°
s
8 ~
e
$
6
EI
$-a
&
2 E
8
_
a
g E
s
z