04232010 Budget Workshop - Laserfiche WebLink

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Issues that were addressed included personnel, capital outlay, C1P /new debt, sales tax revenues, all fund balances, economic development, hotel /motel fund, social services, CDBG funding, and • public involvement. Steve Parker, Director of Finance, provided the financial summary, discussing revenues, expenditures and fund balances. FY 2011 budget assumptions were explained, and he also provided a multi -year budget forecast. Debt position and funding for the Capital Improvement Program was also discussed. Laurie Moyer, Assistant City Manager, provided information on the Capital Improvement Plan, a ten -year plan for infrastructure improvements. This plan is based upon the funding source: general fund, water /wastewater utility, electric utility, or drainage utility. It is a tool to assist in budget forecasting. Significant issues for 2011 include the Airport ($787,000), Parks ($3.4 million), Public Buildings ($1.8 million), Public Safety ($560,000), and Streets ($2.2 million). Ms. Moyer stated there is a "project bulge" for 2012, and we are $27 million over the $2.2 million projected debt capacity. Staff was asked to report back on how this would affect our overall debt percentage. For 2013, Ms. Moyer reported that we are back in size, but all projects may not be included at this time. We are on track with the rate study on the Water /Wastewater Utility, and the rate study for the Electric Utility and Drainage Utility is underway. City Manager Rick Menchaca briefly discussed current economic conditions and provided his preliminary recommendations. Revenue goals include no property tax rate increase and no rate increase for the Water /Wastewater fund. Under General Fund expenditures, no new personnel • would be hired. Dollars are in the budget for merit pay (non -civil service) and the meet and confer commitment for Public Safety employees (0.90 %). Social Services are recommended to remain flat. He is also recommending no new personnel for Water /Wastewater and 1.1% for merit increases and TMRS adjustments. For the Electric Utility, he is recommending no new personnel and a 0.51 % increase for Merit and TM RS. Staff sought direction from Council regarding: • Establishing priorities for CDBG funding • Outlet Malls advertising partnership • Partners for Progress — Economic Development Funding • River Beautification and Maintenance Funding Council asked for more information about a need to add additional Neighborhood Cleanups and what would be the cost. The City Council responded to the proposed policy statement, agreeing with the City Manager's recommendations. They did add one goal under Revenue Goals to consider a one time property tax rebate. The miscellaneous outstanding issues under General Fund Expenditures will be brought back to Council for direction. Under Hotel/Motel Fund — Outlet Mall Advertising Partnership, staff was directed to speak with the Outlet Malls to review their future direction. Council also gave direction to staff to possibly • add funding to Beautification; to expand the Energy Efficiency Funds to include commercial Wkshp042310 Minutes Page 2