Title
Consider and take action on an ordinance adopting the Annual Budget for Governmental and Proprietary Funds for Fiscal Year 2018 (Assistant City Manager)
Background:
Pursuant to City Charter and state law, adoption of this ordinance will establish the budget for the 2018 fiscal year. The budget ordinance is based on the proposed budget, as adjusted, and as described in Exhibit A, B and C.
The FY 2018 Proposed Budget provided to City Council on July 10, 2017 included $128,314,227 for operations and $76,259,796 for capital projects for a total appropriation of $204,574,023. The proposed budget included the following:
· Total estimated effective property tax rate of $0.54178 per $100 valuation.
· A personnel budget for 585.50 positions which is a net addition of 3.25 FTE:
· Two (2) Part-Time kennel workers (1 FTE) at the animal shelter to replace contracted services,
· One (1) Full-Time Customer Service Technician in the Utility Billing department (funded through the water utility revenue) in order to respond more quickly to customer service requests,
· One and a quarter (1.25) full time equivalents (FTEs) for Park Operations and Recreation at Hometown Heroes Park (funded through the 4B sales tax) to support enhanced programming.
· Utility revenue estimated at the rates that have been in effect since November 1, 2015.
· Funding for 2% salary increases effective January 1, 2018 ($520,020).
· Funding for the implementation of a revised compensation structure effective January 1, 2018 ($750,000).
· Funding for the first year (FY 2018) of the 2018-2022 Capital Improvement Program as reviewed by City Council at $76.26 million. A 2018 bond issue of $18.63 million will be required to fund the capital program for FY 2018.
· Funding for a projected increase of up to 13% for Health Insurance ($850,000). This cost will be shared by the City and the employees at the current cost sharing levels.
· Funding for Police Staffing: Although, the FY 2018 budget does...
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