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20150825 Proposed Budget PresentationBudget Theme:Budget Theme: CIP – Recently Completed3 CIP – Completion: Next 4 Years4 CIP – Completion: Next 5 -10 Years5 Historical & Projected Population71,01976,12780,00056,18560,00070,00040,06340,00050,0009 42315,97026,52320,00030,0002,0974,1009,423010,0002000 2005 2010 2015 2020 2025 2030 2035 2040Source: Census and North Central Texas Council of Governments through 2015; future estimates from the Town of Prosper. 6 1800Single Family Lots Approved by the Planning & Zoning Commission1560158314001600113598112851056120014009819498001000Single Family Lots shown on Preliminary PlatsSingle Family Lots shown on Final Plats323559400600323115200//02011 2012 2013 2014 2015 (Present)Updated 08/05/20157 Single Family Residential Permits Issued Annually 2011 –Present560486461500600ts402373300400mber of Permi2015201420134020100200Num201220111stQuarter 2ndQuarter July 3rdQuarter 4thQuarter TOTAL01 2 3 4 5 6 7 8 9 10 11 12SF Residential Permits 2015 143 205 54 402SF Residential Permits 2014 119 88 64 161 192 560SF Residential Permits 2013 89 134 24 155 108 486SF Residential Permits 2012 93 145 41 118 105 461SF Residential Permits 2011 85 102 65 97 89 3738 High Growth DynamicNew Residential Construction Expanded Tax Base & More PopulationMore Population Increased Demand for Services, Programs,Facilities & InfrastructureIncreasedDemandMoreStaffEquipment&CapitalProjectsIncreased DemandMore Staff, Equipment & Capital ProjectsMore Capital Projects More Capital DebtMoreCapitalDebtIncreasedAnnualDebtServiceMore Capital DebtIncreased Annual Debt ServiceIncreased Debt Service Less Revenue for O&M (Services, Programs, Staff & Equipment)Less Revenue for O&M More Property Tax Revenue Required to Support Expanded Tax Base9 Proposed FY 2015-2016 Budget IncludesNTRtINo Tax Rate IncreaseNoWaterorSewerRateIncreaseNo Water or Sewer Rate IncreaseNo Solid Waste Rate IncreaseNo Storm Drainage Fee IncreaseMinimal Other Fee Increases10 Proposed FY 2015-2016 Budget Includes•Consultant study recommended 7.9% water and54%sewerrateincreasesinFY2015and 5.4% sewer rate increases in FY 2015•Increases averted because of drought response and internal savings11 Proposed FY 2015-2016 Budget FocusPublic SafetyStreetsParks12 Budget ComponentsBase Budget—example: electricity, existing personnel costs. T t l $28 540 939Total: $28,540,939Non-Discretionary Supplemental Request (“must do”) —examples: external increase in software maintenance feesexamples: external increase in software maintenance fees, changes from state law. Total: $1,361,130Discretionary Supplemental Request (“must do” and “should do”) — examples: new positions or vehicles, park or public works projects. pjTotal: $3,434,074Cut Supplemental Request (“should do” and “nice to do”) 13Total: $3,672,364 All F dAll Funds Consolidated Fund Summaries FUNDACTUAL BUDGET 2013-2014AMENDED BUDGET2014-2015ESTIMATED BUDGET 2014-2015PROPOSED BUDGET 2015-2016 ACCOUNT TYPEGENERALREVENUES 12,828,898 14,686,034 15,063,576 17,632,303EXPENDITURES 12,317,247 15,013,900 14,002,231 17,542,467511,651(327,866)1,061,345 89,836WATER / SEWERREVENUES8 971 87910 295 2939 854 70711 725 235NET REVENUES OVER (UNDER) EXPENDITURESWATER / SEWERREVENUES8,971,87910,295,2939,854,70711,725,235EXPENDITURES 10,888,062 10,424,679 10,285,644 12,073,146(1,916,183) (129,386) (430,937) (347,911)DEBT SERVICE (I&S)REVENUES 3,164,677 2,955,065 3,176,000 3,418,269NET REVENUES OVER (UNDER) EXPENDITURESEXPENDITURES 2,964,315 2,870,065 2,867,065 3,405,040200,362 85,000 308,935 13,229CAPITAL PROJECTS (75)REVENUES 1,865,388 20,848,500 19,024,390 17,824,390EXPENDITURES 3,132,569 28,407,055 13,375,555 22,621,000NET REVENUES OVER (UNDER) EXPENDITURES(1,267,181) (7,558,555)5,648,835(4,796,610)NET REVENUES OVER (UNDER) EXPENDITURES15 ConsolidatedFund Summaries Cont’d FUNDACTUAL BUDGET 2013-2014AMENDED BUDGET2014-2015ESTIMATED BUDGET 2014-2015PROPOSED BUDGET 2015-2016 ACCOUNT TYPECAPITAL PROJECTS (76)REVENUES 7,193,806 404,581 191,021 12,285,000EXPENDITURES - 2,382,500 922,300 10,505,000 7,193,806(1,977,919) (731,279)1,780,000NET REVENUES OVER (UNDER) EXPENDITURESPARKSREVENUES 1,029,875 502,000 507,300 207,300EXPENDITURES 135,505 214,000 214,990 965,000894,370 288,000 292,310(757,700)IMPACT FEESREVENUES 3,842,328 3,974,150 5,457,050 6,444,500NET REVENUES OVER (UNDER) EXPENDITURESEXPENDITURES 427,768 2,968,487 4,193,655 15,152,0863,414,560 1,005,663 1,263,395(8,707,586)INTERNAL SERVICEREVENUES 30,099 44,650 21,440 25,640EXPENDITURES21 75630 00020 00040 000NET REVENUES OVER (UNDER) EXPENDITURESEXPENDITURES21,75630,00020,00040,0008,343 14,650 1,440(14,360)NET REVENUES OVER (UNDER) EXPENDITURES16 Consolidated Fund Summaries Cont’d FUNDACTUAL BUDGET 2013-2014AMENDED BUDGET2014-2015ESTIMATED BUDGET 2014-2015PROPOSED BUDGET 2015-2016 ACCOUNT TYPESPECIAL REVENUEREVENUES 409,897 50,380 739,918 62,100EXPENDITURES 218,820 95,133 70,375 100,000191,077(44,753)669,543(37,900)NET REVENUES OVER (UNDER) EXPENDITURESSTORM DRAINAGEREVENUES 249,583 272,000 272,500 316,100 EXPENDITURES 228,320 306,195 260,738 315,780 21,263 (34,195)11,762 320NET REVENUES OVER (UNDER) EXPENDITURESVERFREVENUES 800,000 1,336,195 536,195 550,781 EXPENDITURES - 797,010 399,479 1,068,606 800,000 539,185 136,716(517,825)NET REVENUES OVER (UNDER) EXPENDITURES17 General FundGeneral Fund General Fund Revenues by SourceRevenue Category FY 2016 Proposed % of TotalProperty Tax 8,447,169 47.9%License, Fees & Permits 3,181,600 18.0%Sales Tax 3,436,640 19.5%Interfund Transfers In 1,091,166 6.2%Franchise Fees 719,700 4.1%Fines & Warrants 300,000 1.7%ChargesforServices270 88315%Charges for Services270,883 1.5%Investment Income 42,000 0.2%Grants 22,335 0.1%Miscellaneous37 31002%Miscellaneous37,310 0.2%Park Fees 83,500 0.5%Revenue Total $17,632,303 100.0%19 General Fund Dept. AppropriationsDepartment FY 2016 Proposed % of TotalFire Dept $3,860,189 22.0%Police Dept $2,359,961 13.5%Administration $2,276,425 13.0%Parks $1,885,598 10.7%$Dispatch$785,058 4.5%Inspections $1,443,057 8.2%Streets $2,013,514 11.5%Planning$526 05530%Planning$526,055 3.0%Municipal Court $276,866 1.6%Code Compliance $162,274 0.9%Engineering$791,5934.5%Engineering$791,593 4.5%Fire Marshal $172,073 1.0%Public Library $197,460 1.1%Non‐Departmental $792,344 4.5%20Expense Total $17,542,467 100.0% Proposed PositionsDEPARTMENT POSITIONS FTEsInformation Technology (IT) I.T. Director 1.0I.T.  Technician 1.0Town Secretary’s  Office Administrative Assistant .5SocialMediaSpecialist5Social Media Specialist.5Human Resources Administrative Assistant 1.0Police Police Officers 2.0Administrative Assistant 1.0Dispatch Dispatchers 1.5Fire Administrative Assistant 1.0Fire Fighters / Paramedics 6.0Streets Crew Leader 1.0Library Library Director .5Parks Park Planner 1.0Chemical Technician 1.0Maintenance Worker 1.0Inspections Building Inspector II 1.0Engineering Engineer‐in‐Training 1.0TOTAL GENERAL FUND POSTIONS 22Water Utility Worker 1.0Utility Billing Utility Billing Clerk .521TOTAL ENTERPRISE FUND POSTIONS 1.5 Major Program EnhancementsThe major Program Enhancement and Capital Expenditures included in the proposedThe major Program Enhancement and Capital Expenditures included in the proposed appropriations and planned for FY 2015-2016 by DepartmentPublic Works / Streets:Prosper Road Improvement – Fishtrap $820,000Repair Prosper Trail $272,400Repair Dallas North Tollway $309,980Police:Two Full-Time Police Officers $111,502Additional FullTime Dispatch Positions$ 66 187Additional Full-Time Dispatch Positions$ 66,187One Mobile License Plate Reader $ 32,000Fire:Fire:Six FF/Paramedics $159,063Driver and Lieutenant Promotions $ 72,90722 Property TaxesProperty Taxes 2015 Valuations OverviewCertified Total Taxable (after freeze loss) Increased 21.5%○Collin County Value $324,950,461○Denton County Value $  51,105,739○Total Value $376,056,200Existing Taxable Values Increased 20.2%○+ 18.3% in Collin County○+ 73.1% in Denton CountyNew Construction Totaled $ 192,819,652$○Collin County $174,589,016○Denton County $  18,230,63624 Average Single-Family Home Valueggy$423,062 $450,000 $315,308 $342,977 $344,458 $333,084 $324,387 $321,662 $351,317 $378,651 $350,000 $400,000 $278,468 $200 000$250,000 $300,000 $100,000 $150,000 $200,000 $0 $50,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 201525Source:  Collin CAD and Denton CAD Certified Totals 2006‐2015 Ad Valorem Taxes2015Freeze Adjusted Taxable Value$2,129,311,118$0.52Times Total Tax Rate per $100$11,072,418Times Anticipated Collection Rate100%PlAlTfF$775 742Plus Actual Tax from Freeze$775,742Total Tax Levy$11,848,160One Penny on the Tax Rate Yields$212,93126Source:  Collin CAD and Denton CAD Certified Totals 2015 Property Tax Rate HistoryGeneral FundI & S Fund0.0 0.1 0.2 0.3 0.4 0.5 0.6Fiscal Year General Fund I & S Fund Total2010‐11 0.334742 0.1852580.5200002011‐12 0.316937 0.2030630.5200002012‐13 0.316914 0.2030860.5200002013‐14 0.326191 0.1938090.5200002014‐15 0.356301 0.1636990.5200002015160 3610740 1589260 520000272015‐160.3610740.1589260.520000As Proposed Property Tax Rate Comparison I(2014 Tax Rates)0 9001.0000.7000.8000.90000.4000.5000.600Cents per $1000.1000.2000.3000.00028Source:  Collin and Denton Central Appraisal Districts. Property Tax Rate Comparison IICollin County $0 24Collin College$0 08Town of Prosper $0.52$0.24$0.08PISD$1.6729Source:  Collin and Denton Central Appraisal Districts. Average Home Owner2015 Average Homestead Taxable Value = $ 423,062 Average Prosper Resident Total Tax Bill – Collin CountyTaxing JurisdictionTax Rate per $100 Tax LevyProsperISD$1.670000$7,065Prosper ISD$1.670000 $7,065 Town of Prosper $0.520000 $2,200 Collin County $0.235000 $994 C lliCll$0 081960$347Collin College$0.081960 $347 Totals $2.506960 $10,606 30Note:  Average Taxes are computed using 2014 tax rates for all agencies.  Excludes possible exemptions with each entity for simplicity. Adopted vs. Effective Tax Rate History$0 6000$0.5000 $0.6000 $0.3000 $0.4000 $0.1000 $0.2000 2009 2010 2011 2012 2013 2014 2015ETR$0.5235 $0.5270 $0.5211 $0.5183 $0.4912 $0.4682 $0.4806 Adopted Rate$0 5200$0 5200$0 5200$0 5200$0 5200$0 5200$0 5200$0.0000 31Adopted Rate$0.5200 $0.5200 $0.5200 $0.5200 $0.5200 $0.5200 $0.5200 Property Tax Rate Scenarios2015 Average Homestead Taxable Value = $423,062Tax Rate Scenarios – Homeowner ImpactCurrent & Proposed Rate $0.520000 ‐$2,200Effective Rate $0.480591 ‐$2,033Rollback Rate $0.524487‐$2,219Tax Rate Scenarios –Municipal ImpactCurrent & Proposed Rate $0.520000 ‐$11,072,418Effective Rate $0.480591 – ($839,140) LOSSRollback Rate $0.524487 –$95,542 GAIN32 Water/Sewer Fund/ Water/Sewer Fund Revenues by SourceRevenue Category FY 2016 Proposed % of TotalWater Charges $6,381,735 54.4%Sewer Charges $2,942,000 25.1%S lidWtCh$1 086 40093%Solid Waste Charges$1,086,400 9.3%Tap & Construction $998,000 8.5%Penalties $1,000 0.0%InvestmentIncome$70 00006%Investment Income$70,000 0.6%License, Fees & Permits $33,500 0.3%Miscellaneous $212,600 1.8%RevenueTotal$11,725,235100.0%Revenue Total$11,725,235 100.0%34 Water/Sewer Fund Dept. AppropriationsDepartment FY 2016 Proposed % of TotalWater $              4,322,273 35.8%Sewer$2 141 80817 7%Sewer$              2,141,808 17.7%Utility Billing $              1,357,931 11.2%Non‐Departmental $              4,251,134 35.2%$Expense Total$           12,073,146 100.0%35 Long-Term Issuesand Key Dates Long-Term IssuesCompensationFacility PlanningVehicle and Equipment Replacement Program37 CompensationGoal  –to attain a pay plan comparable to the market that helps attract and retain employees38 Facilities PlanningTown employees are spread among eight locations, including two temporary buildingsWindsongRanchfirestationneededtoservewestsideWindsong Ranch fire station needed to serve west sideTown Hall design in progressEfficiencies and improved customer service will result from well‐planned Town Hall and other facilities39 Vehicle/Equipment Replacement Fund (VERF)MotorizedVehiclesMotorized VehiclesNon‐VehicleEquipmentNonVehicle EquipmentComputerEquipmentComputer Equipment40 VERF OverviewCommon to many municipalities and commercial ypcompanieshlddlfdVehicle and equipment expected life in years and purchase price drive annual contributions into separatereplacementfundseparate replacement fundVehicle and equipment are disposed of when qppuseful life is reached and replacements are purchased from fund41 VERF Replacement ScheduleModelAutoEstimatedEstimatedDepartmentModel YearAuto MakeAuto Model ClassificationEstimated Life (Yrs) Estimated CostPolice 2007 Dodge Charger Sedan, Full-Size (Pursuit Rated) 4 $ 40,202.00 Police-COP Vehicle 2008 Ford Expedition SUV (Field) 8 * Police-Sgt Golden 2008 Ford LTD Crown Vic Sedan, Full-Size (Pursuit Rated) 4 * Police-Sgt Norris 2010 Ford Crown Victoria Sedan, Full-Size (Pursuit Rated) 4 $ 40,202.00 Police-Class Car 2010 Ford Crown Victoria Sedan, Full-Size (Pursuit Rated) 4 $ 40,202.00 Police-Patrol 2011 Chevrolet Tahoe Truck, Sport-Utility 4 * Fire 1997 Pierce 4900 Fire Engine Fire Truck-Pumper 15 $800,000.00 Parks & Recreation 2006 Chevrolet Silverado Truck, Pick-Up - Field 8 * Building Inspections 2005 Ford F150 1/2T Truck, Pick-Up - Field 8 $ 20,000.00 Building Inspections2005ChevroletSilveradoTruck PickUpField8$ 20 000 00Building Inspections 2005Chevrolet Silverado Truck, Pick-Up -Field 8$ 20,000.00 Building Inspections 2006 Ford F150 1/2T Truck, Pick-Up - Field 8 $ 20,000.00 Building Inspections 2006 Ford F150 1/2T Truck, Pick-Up - Field 8 $ 20,000.00 Public Works--Water 2006 Ford F250 3/4T Truck, Pick-Up - Field 8 *Public Works--Wastewater 2006 Ford F250 3/4T Truck, Pick-Up - Field 8 * Public Works--Water2006 Target Saw, Concrete 7 $ 10,000.00 gPublic Works--Wastewater 2007 Aries Camera, Wastewater Sewer 5 $ 10,000.00 TOTAL VEHICLES10-20 Police Department $ 120,606.00 10-30Fire Department$ 800,000.001030Fire Department$ 800,000.00 10-80 Building Inspections $ 80,000.00 $1,000,606.00 TOTAL EQUIPMENT20-50 Public Works - Water $ 10,000.00 20-55Public Works-Wastewater$ 10 000 00422055Public Works Wastewater$ 10,000.00 $ 20,000.00 TOTAL VERF $1,020,606.00 Capital Improvement Projectspp j CIP Projects STREETSChurch Street (First - PISD) 850,000 Custer Road Turn Lanes @ Prosper Trail 100,000 Downtown Enhancements (Broadway - Main) 490,000 First Street (Townlake-Custer)420,000First Street (TownlakeCuster) 420,000 Fishtrap Road (Artesia - Dallas Parkway) 820,000 Frontier Parkway (BNSF Overpass) 3,650,000 Impact Fee Study (Roadway) 35,000 Old Town Streets 2015 (Broadway, Fifth, McKinley) 1,044,000 Prosper Trail (Kroger) 1,090,000 West Prosper Road Improvements 12,531,000 21,030,000 44 CIP Projects Cont’d PARKSFrontier Park North850,000Frontier Park North 850,000 Preston Lakes Playground 90,000 940,000FACILITIESFACILITIESTown Hall - Professional Services 1,300,000 Town Hall - Construction 10,000,000 Town Hall-Offsite Infrastructure1 275 000Town Hall Offsite Infrastructure 1,275,000 Windsong Ranch Fire Station 204,000 Windsong Ranch Fire Station - Apparatus 1,078,000 13,857,000 45 CIP Projects Cont’dWATERBNSF Railroad PRV's 532,200 Impact Fee Study (Water)35 000Impact Fee Study (Water) 35,000 Lower Pressure Plane Pump Station and Transmission Line 1,655,000 Prosper Trail EST 4,403,300 6,625,500 WASTEWATERImpact Fee Study (Wastewater) 35,000 La Cima #2 Inceptor (Coit - First) 465,000 Matthew Southwest Wastewater Improvements2 500 000Matthew Southwest Wastewater Improvements 2,500,000 Public Works Interceptor 800,000 3 800 000463,800,000 CIP Cont’d DRAINAGEAmberwood Farms 32,000 Coleman Street Channel Improvements 17,500 Old Town Drainage - Church & Parvin Drainage Improvements 500,000 Old Town Drainage - McKinley & Broadway Trunk Main 600,000 Old Town Regional DetentionLand Acquisition1 500 000Old Town Regional Detention -Land Acquisition 1,500,000 2,649,500 Total All CIP Projects 48,902,000 47 CIP Analysis48 CIP Analysis Cont’d49 CIP Analysis Cont’d50 CIP Analysis Cont’d51 Key Dates in Budget ProcessSb8Sb8dSeptember 8September 82ndPublic Hearing on Budget2ndPublic Hearing on Tax RateSeptember 22September 22Council adopts the FY 2015‐2016 BudgetCouncil sets the 2015 Tax RateOctober 1October 1Fiscal Year 2015‐2016 begins52 Thank You!Questions?