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HomeMy WebLinkAboutCity Budget Highlights.pdfCity of Rexburg 2020 Budget Highlights Total Budget: $68,912,000 up $5,306,100 from the current 2019 budget as of May 31, 2019. Operating Budget: $31,057,000 down $457,600 from the current 2019 operating budget as of May 31, 2019. The decrease came in large part due to street repair contracts (over $1.3 million). The largest increases came from the Fire Department ($402,400 or 10% increase), the Police Patrol Division (180,400 or 8% increase), and the Arts Department ($114,500 or 22% increase). The General Fund has a $133,800 Contingency budget for unforeseen increases in expenditures or reductions in revenues. A carryover of $572,700 was included in the general fund budgeted revenues to balance the budget. Revenue, including carryover, available for street maintenance, street reconstruction, and the construction of new streets is $13,004,000. Included in the Fiscal Year 2020 budget is a shift of an additional $120,000 of revenues from power franchise fees from the general fund to the street operating fund to provide further improvements to streets (adds $320,000 per year shift when combined with $100,000 shift from Fiscal Year 2017, and the total of $100,000 shift from Fiscal Year 2018 and 2019). We project a carryover of $179,400 in the street repair fund and $426,100 in the new street construction fund that can be used for future projects. The Urban Renewal Agency (URA) is expected to contribute over $3.8 Million towards the street projects. Major reconstruction street projects include the following:  Park Street, Yellowstone Highway near 4th S, Main St (2nd E to Hospital) (LID 49) $ 1,000,000 Major new street construction projects include the following:  Right of Way Purchase for East Parkway Road (DIF) $ 200,000  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-Near 7th N and Highway 33 (URA, Commerce Grant, ITD, DIF) $ 4,000,000  Urban Renewal Agency funded projects near 2nd East and Moody Road:  Right of Way Purchase $ 100,000  Moody Road: o Widening $ 700,000 o Sidewalk and Curb and Gutter $ 141,000 o Intersection Improvements at 2nd E & Moody Road $ 120,000 o Intersection Improvements at Yellowstone Highway & Moody Road $ 1,046,000  Extend Water & Sewer Services down Moody Road to West-City Funded $ 300,000 Property tax revenues are estimated to increase about $237,400 to a total of $5,054,700. The current city property tax levy rate is at $414 per $100,000 of taxable value, which is still one of the lowest for most cities in southeast Idaho and other similar size cities. 3 new full-time personnel positions are included in the budget. The city did also eliminate a position in Community Development at the end of Fiscal Year 2019. The Parks and Golf department are requesting to add a small engine mechanic/welder position that would be funded 1/3rd by parks and 2/3rd by golf. The Water department is requesting to add 1 full time position. The Recreation department has requested a new full-time position to manage events or programs, which is budgeted to be hired January 1, 2020 . Utility rate increases are being recommended in water and sewer. A rate decrease is being recommended in sanitation. Rate changes would be effective October 1, 2019. The current suggested cumulative increase for all city services ranges on average between .2% and .5% (see Rexburg Utilities Sample Bills document). A typical residential resident would pay an additional .2% or .22 cents per month. 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 approximately $11,000,000 on the water improvements over the six year project ($1,638,000 in fiscal year 2020) and complete the project by the end of the calendar year 2020. The sewer plant operating fund anticipates spending $1,000,000 on Blower/VFD replacements and $150,000 for seven new pasteurization pumps at the treatment plant and will be conducting a sewer facilities study as well for $100,000. Included in the fiscal year 2020 budget is $ 4 million for a gravity fed sewer line and lift station 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 and contributions from other cities that use that infrastructure as well . The Wastewater collections department has also budgeted $350,000 for a lift station rebuild near Barney Dairy Road and also plans to extend services near the intersection of 2nd East and Moody Road. The Airport Feasibility Study will continue through 2020 and we hope to begin 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 $891,400 of reserve set aside by the end of Fiscal Year 2020. 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 2020. We have a written memorandum of understanding with the school district for this project in place. Funding from the Urban renewal agency and the parks impact fees will help make this project possible. Other Major projects and purchases in Public Works include the following:  A new Street Sweeper ($300,000) and Asphalt Crack Sealing Equipment ($100,000) in streets  Extension of the Trail System on the Teton River with phase I costing approximately $100,000 The budget includes an increased amount of funding dedicated to the remodel and restoration of the Romance Theatre ($274,900). Golf has the following items in their capital budget: greens mower, handicapped ramp, de -thatcher, storage lean to shed, and a new water line to connect the canal to the storage pond for irrigation purposes.