Title
Consider and take action on an ordinance adopting the Annual Budget for Governmental and Proprietary Funds for Fiscal Year 2021 (Director of Budget & Project Management)
Background:
Pursuant to City Charter and state law, adoption of this ordinance will establish the budget for the 2021 fiscal year. The budget ordinance is based on the proposed budget, as adjusted, and as described in Exhibit A, B and C.
The FY2021 Proposed Budget provided to City Council on July 14, 2020 included $144,251,187 for operations. The proposed budget included the following:
· Total estimated no-new-revenue tax rate of $0.535 per $100 valuation.
· A personnel budget for 643.00 positions which is a net addition of 6.50 FTE:
· Civil Engineer/EIT to be hired January 2021 (1 FTE),
· Construction Inspector III to be hired March 2021 (1 FTE),
· Assistant Director (1 FTE) in Project Management to be hired January 2021,
· Project Manager (1 FTE) in Project Management,
· Financial Analyst (1 FTE) in Budget Office to be hired in March 2021,
· Meter Technician (1 FTE) in Utility Billing,
· Part-Time Accounts Receivable Specialist (0.50 FTE) in Utility Billing
· Funding to move a Deputy Court Clark (1 FTE) from General Fund Municipal Courts to Utility Fund as a Utility Billing Representative (1 FTE) due to changes in workload for each department,
· Water Utility revenue estimate based on growth projected in the Long-Range Financial Forecast and the rate increase from the 2019 utility rate study,
· Funding for 2.5% merit increases effective January 1, 2021 ($462,161),
· Funding for 1.5% across-the-board Civil Service cost of living increase for Civil Service Police Officers beginning January 2021 ($128,298),
· Funding for sick leave buy back (33,727),
· Reduction to TMRS rate January 1, 2021 ($8,000),
· Funding for 8% anticipated health insurance increase ($430,000),
· Continuation of the reinvestment program,
· Anticipated increase in property and windstorm insurance
· Addit...
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