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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. 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