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HomeMy WebLinkAboutCity Budget Highlights.pdfCity of Rexburg 2019 Budget Highlights Total Budget: $62,838,100 up $3,207,000 from the current 2018 budget as of May 31, 2018. Operating Budget: $30,571,000 up $1,487,800 from the current 2018 operating budget as of May 31, 2018. The largest increases came from the Fire Department (35% of total), the Water Department (21% of total), and the Sewer Department (30% of total). The General Fund has a $160,000 Contingency budget for unforeseen increases in expenditures or reductions in revenues. A carryover of $322,400 was included in the general fund budgeted revenues to balance the budget. Revenue available for street maintenance, street reconstruction, and the construction of new streets is $8,215,100. Included in the Fiscal Year 2019 budget is a shift of an additional $50,000 of revenues from power franchise fees from the general fund to the street operating fund to provide further improvements to streets (adds $200,000 per year shift when combined with $100,000 shift from Fiscal Year 2017 and $50,000 shift from Fiscal Year 2018). We project a carryover of $999,200 in the street impact fund and $1,280,600 in the street repair fund that can be used in the future on impact fee qualified projects that add capacity and street repairs respectively. The Urban Renewal Agency (URA) is expected to contribute over $3.7 Million towards the street projects. Major reconstruction street projects include the following:  2nd North from 2nd W to 4th W (LID 48-Near Fairgrounds) $ 300,000  Terra Vista Drive from 4th East to Shoshone Ave (LID 48) $ 150,000  2nd South from 3rd East to Millhollow (LID 48) $ 850,000 Major new street construction projects include the following:  Right of Way Purchase for East Parkway Road (DIF) $ 600,000  Traffic Signal Upgrade-7th S/Yellowstone (URA) $ 200,000  Roundabout-Pioneer/7th S (URA) $ 500,000  7th S Railroad Crossing Upgrade (URA) $1,000,000  2nd E/Moody Street Improvements-Widen Roads, C&G, Sidewalk (URA) $2,027,000 Property tax revenues are estimated to increase about $260,200 to a total of $4,817,300. The current city property tax levy rate is at $432 per $100,000 of taxable value, which is still one of the lowest for most cities in southeast Idaho and other similar size cities. Up to 1.5 new full-time equivalent personnel positions are included in the budget. Community Policing-Animal Shelter is requesting to move a part time position to fulltime. The Wastewater department is requesting to add 1 full time position to be split 50/50 between treatment and collections. Utility rate increases are being recommended in October 2018 in water and sewer. No increase is recommended in the sanitation department. The current suggested cumulative increase for all city services ranges on average between 4.1% and 5.9% (see Rexburg Utilities Sample Bills document). Major utility construction projects include the continuation of the major upgrade to our water facilities. The water project will provide needed production, storage, and delivery capacity to meet the current water demands and future water demands as our population grows. The water upgrades will be funded with a combination of operating reserves and a loan from the Department of Environmental Quality of up to $11,100,000, which includes principal forgiveness of up to $2,211,300. We project to spend over $12,000,000 on the water improvements over the five year project and complete the project by the end of the calendar year 2020. The Wastewater treatment plant improvements were substantially completed by the end of calendar year 2017, but included in the fiscal year 2019 budget is $ 2 million for a gravity fed sewer line to provide improved collections and expand capacity for the North West side of the city. The contributions for the sewer line project are still being determined and will include claw back fees to be paid by future development. Wastewater has also budgeted $200,000 for VFD blower replacements, $200,000 for SCADA system upgrades at lift stations, $250,000 for a lift station rebuild at Millhollow, and $70,000 for a sewer study for collections. The Airport Relocation Master Plan Study will continue through 2019 and we hope to complete the Environmental Assessment portion of the study by fiscal year end. These projects are funded approximately 90% by the FAA, up to 5% by the State of Idaho, and the rest by the City and the County. The City is setting aside reserve funds to meet their portion of any match if a final decision to relocate the airport is made. The city projects to have $817,600 of reserve set aside by the end of Fiscal Year 2019. The City has budgeted $1,600,000 to construct a new baseball/softball quad at Community Fields and the projected completion date of this project is fall 2019. We have a verbal commitment that we hope to solidify with a written memorandum of understanding with the school district for this project in the near future. Funding from the Urban renewal agency and the parks impact fees will help make this project possible. A tentative budget amount for a Dog Park is included in the budget and we hope to finalize some plans for a possible joint parking lot near Nature Park with the county in 2019. $200,000 for an additional restroom at Nature Park is also budgeted. We anticipate setting aside funding for new trail expansion and connections beginning in 2019 as well. Other Major projects and purchases in Public Works include the following:  A new Backhoe ($140,000) and Loader(s) ($350,000) Streets  Two new Garbage Trucks ($480,000) Sanitation The budget includes an increased amount of funding dedicated to the remodel and restoration of the Romance Theatre ($172,000) and Tabernacle ($74,000) buildings. A decision will need to be made on the irrigation system at the Legacy Golf Course in 2018 with construction occurring in 2019 to address the concerns at that location. Golf also has budget capital replacement for a greens mower and fairway aerator and tractor to be shared with the parks department.