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Budget Presentation 2011 1 Budget Presentation2011/12 Operating Budget2011-16 Capital Improvement Program May 16, 2011 2 Presentation Outline Introduction Town Manager Budget Overview Finance Director Departmental Highlights Assistant Finance Director Additional Policy Items Town Manager CIP Highlights Parks & Public Works Director Public Comment Council Discussion & Direction 3 Continued Fiscal Uncertainties Revenues Challenges Remain FY 11/12 revenues reflect now to low growth Personnel costs increasing faster than revenues Budget Strategies Develop balanced budget that maintains service levels Initiate organizational transitions and efficiencies Use technology to enhance services and efficiency Still Financially Strong Healthy reserves in place Property values remain stable Continued emphasis on Economic Vitality 4 $1.34 m Budget Gap Staffing, Salary, and Benefit Reductions $800 k Operating cost reductions $420 k Fee adjustments and transfers $120 k TOTAL $1.34 m 5 Balanced Budget Overview 6 Updated 5-Year Forecast Assumptions Netflix sales tax down $800k Other revenue trending up Rising pension and health costs for employees and retirees Future Challenges FY 2012/13 and beyond - shortfalls of $1.2m+ Need for further major budget adjustments Use of reserves likely needed 7 Updated 5 Year Forecast 8 General Fund Reserve Status 9 Departmental Highlights Staffing Changes and Salary Reductions Administrative Services restructuring Alignment of Clerk functions Consolidation of customer service Integration of Community Services Reallocation of Resources for Community Outreach Coordinator Furloughs ($340k) and overtime reductions ($120k) CDD Transfer of existing .40 FTE to provide additional BMP support PD Implementation of new 12-hour shift in March 2011 Increased patrol staffing on each shift Reduced overtime ($100k) Future elimination of Sergeant position 10 Budget Impacts Parks and Public Works Reduction of a Tree Trimmer Limited stand-by overtime during storm season only Reclassification of Facility Technician to Parks/Maintenance Worker Library Proposed reduction in library hours, closing on Sundays Enhanced collections for new Library “opening day” 11 Additional Policy Items General Fund Reserve Policy Non-Profit Support (Facilities and Chamber) Senior Services Town Council Expenses Donation Opportunities State Budget Impacts 12 Proposed FY 2011 – 2016 CIP CIP Development Process Review current and scheduled projects Match priorities to available resources Planning Commission review Proposed 5 Year CIP totals $33.5 m Proposed FY 2011/12 CIP totals $26.2 m $12.4 million in carry-forward projects $13.8 m in new or expanded projects 13 Specific Capital Projects Streets Program 3 major pedestrian/vehicle safety projects University Avenue improvements Almond Grove street reconstruction Street repair and resurfacing Program Goals Restore PCI to 70 or above Protect Town assets Pedestrian safety 14 Specific Capital Projects Parks Program Construction of Creekside Sports Park Pageant Grounds Access Improvements Public Facilities Program Completion of New Library Civic Center Reuse – Library space 15 Recommended Action Public Comment Council Discussion Council Direction and Action Consider Proposed and Operating Capital Budget for FY 2011/12 Consider Proposed CIP for FY 2011-2016 Adopt GF Reserve Policy Authorize Town Manager to enter into discussions with agents for former Borders, LG Cinema, LGHS for community use of facilities for performing arts Adopt resolution amending Community Services Commission and rescinding Resolution 2009-10 16 Thank You 17