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HomeMy WebLinkAbout2018-05-19 Council Packet - Budget Work Session"Vt1/°1e with a Pas~ City with a Future" 210 Fidalgo Avenue, Kenai, Alaska 99611-7794 Telephone: 907-283-7535 I Fax: 907-283-3014 www.ci.kenai.ak.us FISCAL YEAR 2019 MANAGER PROPOSED BUDGET WORK SESSION AGENDA MAY 19, 2018 A. Call to Order B. Public Comment C. Budget Introduction -Paul Ostrander, City Manager D . General and Revenue Overview Presentation -Terry Eubank, Finance Director E. Department Presentations 1. City Manager Visitor Center Land Administration Human Resources 2 . Legal 3 . Finance Non-Departmental 4 . Planning & Zoning 5. Police Communications Animal Control 6 . Fire 7 . Public Works Safety Shop Streets Buildings Street Lighting Boating Facility 8. Library Budget Work Session Ag enda May 19, 201 8 Page 2 of2 9 . Parks, Recreation & Beautification 10. Personal Use Fishery Fund a . General, Revenue, and Department Overview 11 . Water & Sewer Fund a . General and Revenue Overview b . Water & Sewer Departments c . Sewer Treatment Plant 12. Airport Fund a . General and Revenue Overview b . Airport Departments 13. Senior Citizen Fund a . General and Revenue Overview b. Senior Citizen Fund Departments 14. Congregate Housing a. General and Revenue Overview b . Senior Citizen Fund Departments 15. Employee Health Care Fund a . General , Revenue, and Department Overview 16. Permanent Funds a. General, Revenue, and Department Overview 17. Debt Service a. General, Revenue, and Department Overview 18. Equ ipment Replacement Fund a . General , Revenue, and Department Overview F . Additiona l Public Comment G . Council Comments H . Adjournment 'l!tfl~ «1/t/r, a Pa6'~ tt-c, «1/t/r, a h.t~" 210 Fidalgo Ave , Kenai , Alaska 99611-7794 Telephone: (907) 283-7535 I Fax: (907) 283-3014 www.kenai.city MEMORANDUM TO: THROUGH: FROM: DATE: SUBJECT: Mayor Brian Gabriel and Kenai City Council Paul Ostrander, City Manager Terry Eubank, Finance Director May 19, 2018 Ordinance 3022-2018 to adopt the FY19 Budget The purpose of this memo is to summarize the changes that have been proposed to the FY19 Budget since disbursement of the draft document on April 16th, and to communicate the result of these changes on each of the City's operating funds. The following are the Administration's recommended changes that have been incorporated into the draft budget and appropriating ordinance. New summary pages for the all funds , after incorporating the changes, are attached for your review. Administration Recommended Amendments: General Fund Revenues: Property Tax Municipal Assistance PERS On-behalf funding Total Revenues Expenditures: Non-Departmental PERS Insurance Transfer Out Building: Salaries Overtime Leave Medicare PERS $(21,787) 50,232 (534) 27,911 $ (534) 12,818 49,583 1,023 (13) 15 15 222 Page 2 of 5 Ordinance 3022-2018 Unemployment Insurance Workers' Compensation Library: Salaries Leave Medicare Social Security PERS Unemployment Insurance Workers' Compensation Health & Life Insurance Supplemental Retirement Clerk -Workers' Compensation Legislative -Workers' Compensation Legal -Workers' Compensation Manager -Workers' Compensation Human Resources -Workers' Compensation Finance -Workers' Compensation Land -Workers' Compensation Planning & Zoning -Workers' Compensation Police -Workers' Compensation Fire -Workers' Compensation Communications -Workers' Compensation Animal Control -Workers' Compensation Public Works Administration -Workers' Compensation Shop -Workers' Compensation Streets -Workers' Compensation Parks, Recreation & Beautification -Workers' Compensation Dock -Workers' Compensation Total Expenditures Projected Lapse Total General Fund Change These General Fund changes are the result of the following items: 1. Anticipated increase in Municipal Assistance, $50,232. 4 (332) 2 ,518 (844) 25 825 (2,328) 9 (336) (1) (423) (109) (39) (125) (188) (91) (358) (6) (99) (5, 155) (24 ,989) (416) (559) (95) (1,495) (831) (2 ,702) (46) 24 ,943 (1.232) $ 1.736 2. Revision to assessed value projections provided by Borough Assessor, $(21, 787). 3. The reclassification of the Building Maintenance Lead position was incorrectly calculated as a promotion. Promotion of an employee entitles an employee to at least a one-step increase in pay while reclassification moves the employee to the most equivalent pay range in the new step without reducing the employee's current rate of pay. This correction resulted in a $1 ,419 decrease in the Building Department, a $60 decrease in Non- Oepartmental PERS, a decrease in General Fund PERS revenue of $60, and a $74 decrease in projected lapse. 4. The administration is recommending amendment to the job description of the Building Official resulting in an employee promotion from Bu i lding Official to Building Page 3 of 5 Ordinance 3022-2018 Official/Manager. Classification of the existing position is a range 15 and the new position classifies at a range 17. The change in this position resulted in a $2,641 increase in the Building Department, a $116 increase in Non-Departmental PERS, an increase in General Fund PERS revenue of $116, and a $138 increase in projected lapse. 5 . The draft budget included elimination of one, twenty-four hour Library Aide position. Elimination of the position is contingent upon closure of the Library for three hours on Saturdays or complete closure on Sundays. Subsequent to issuance of the draft, two additional twenty-four hour Library Aides resigned their positions providing additional opportunity for staff restructuring . The administration is now recommending elimination of three , twenty-four hour Library Aide positions, addition of one, forty-hour Library Aide and one, fourteen-hour Library Aide positions. This additional restructuring will not result in any change to the Library's operating hours. The financial impact of this change is a $2 1 3 decrease in the library Department, a $590 decrease in Non-Departmental PERS, a decrease in General Fund PERS revenue of $590, and a $40 increase in projected lapse. 6 . Adjustment to Workers' Compensation Insurance based on renewal premium, $(38 ,350). 7 . Adjustment to Insurance based on renewal premium , $12,818. 8. Increase transfer to Street Improvement Capital Projects , $50,000. Airport Fund Revenues- PERS On-behalf funding Landing Fees Rents & Leases Total Revenues Expenditures : Terminal: Salaries Overtime Leave Medicare PERS Unemployment Insurance Workers' Compensation Insurance Airfield : Workers' Compensation Insurance Administration : Workers' Compensation Insurance Transfers-out Other Buildings & Areas: Salaries Overtime Leave Medicare $ (30) 7,500 43.512 $50,982 $(270) (5) (11) (4) (76) ( 1) (550) 29 (1,437) 858 (126) 304 (54 ,200) $(270) (5) (11) (4) Page 4 of 5 Ordinance 3022-2018 PERS Unemployment Insurance Workers' Compensation Total Expenditures Projected Lapse Total Airport Fund Change These Airport Fund changes are the result the following items: 1. Proposed increase in terminal rents and landing rates. (76) (1) ~) $(55,951) (105) $106 ,828 2 . Correcting the reclassification of the Building Maintenance Lead position as described previously in the General Fund , $(30) reduction in revenue and $(760) reduction in expenditures. 3 . Adjustment to Workers' Compensation Insurance based on renewal premium , $(2 , 182). 4. Elimination of Central Administrative Charge booked twice in Airport Administration budget, $(54,200) 5. 5% increase in airline landing fees and terminal rents, $51,012. 6. Adjustment to Insurance based on renewal premium, $1 , 191 . Congregate Housing Fund Expenses: Workers' Compensation Insurance Total Change in Congregate Housing Fund Water & Sewer Fund Expenditures: Water: Workers' Compensation Insurance Sewer: Workers' Compensation Insurance Waste Water Treatment Plant: Workers' Compensation Insurance Projected Lapse Total Water & Sewer Fund Change These Water & Sewer Fund changes are the result the following items: $ (29) (378) $(407) $ (653) 43 (687) 411 (1 ,681) ~ (2,405) ---141 $(2.261) Page 5 of 5 Ordinance 3022-2018 1. Adjustment to Workers' Compensation Insurance based on renewal prem ium , $(3 ,021). 2. Adjustment to Insurance based on renewal premium , $616 . Senior Citizen Fund Revenues -Transfer from General Fund Expenditures: Access : Workers' Compensation Insurance Congregate Meals : Workers' Compensation Insurance Home Meals Workers' Compensation Insurance Transportation Workers' Compensation Insurance Choice Waiver Workers' Compensation Insurance Projected Lapse Total Senior Citizen Fund Change These Senior Citizen Fund changes are the result the followin g items: $(417) (132) 208 (377) 236 (321) 196 (242) 130 (345) 217 $(430) $(417) 1. Adjustment to Workers' Compensation Insurance based on renewal premium , $(1,417). 2 . Adjustment to Insurance based on renewal premium, $987 . These are the only proposed amendments to the April 16, 2018 Draft City Budget which have been included in proposed budget adoption ordinance . In addition to these proposed changes to the Draft Budget, the budget adoption ordinance now includes amendment to the City's salary schedule, amendments to the City's employee classifications , and amendments to the Poli c e Department's qualification pay sections of the Kenai Municipal Code . Each of these sections are a result of proposed changes included in the draft budget. Your support for passage of the budget adoption ordinance is respectfully requested. attachments City of Kenai Fiscal Year 2019 Operating Budget General Fund Budget Projection Original Actual Actual Budget Projection Requested Projection Projection FY2016 FY2017 FY2018 FY2018 FY2019 F Y2020 FY2021 TAXABLE VALUES (OOO'S) $ 851 ,638 $ 851 ,638 $ 876,530 $ 871,076 $ 872,108 $ 899,866 $ 923,376 MILL RATE 4 .35 4.35 4.35 4.35 4.35 4.35 4 .35 REVENUES Property & Sales Taxes Property Tax 3,782 ,539 3 ,919,797 3,874,650 3 ,862,206 3 ,855,798 3 ,986, 129 4,086,352 Sales Tax 7,247 ,938 6 ,715 ,501 6,962 ,613 7 ,019,621 7,124,915 7,302 ,844 7,485,614 Total Property & Sales Taxes 11 ,030,477 10,635 ,298 10,837,263 10 ,881 ,827 10,980,713 11,288,973 11,571,966 State/Federal Revenue: PERS Funding 379,467 288,137 204,840 204,840 386,254 397,842 409,777 Community Assistance 415 ,798 278,232 170,598 250,852 223,258 173,026 173,026 Fish Tax 198,649 165,087 165,000 120,000 165,000 169,950 175,049 Other 155 849 83,990 58,000 70,600 58,000 60,900 63,945 Total State/Federal Rev enue 1, 149,763 815,446 598,438 646,292 832,512 801 718 821 797 Other Revenue Licenses and Permits 62 ,629 48 ,557 63,500 63,500 63,500 65,405 67 ,367 Ambulance Fees 408,558 419,940 425 ,000 425,000 425,000 437,750 450,883 Interest 76,212 35 ,762 100 ,000 50 ,000 100,000 153,570 298,365 Other 587,224 613,358 605,895 620,175 736 541 758 637 781,396 Total Other Revenue 1, 134,623 1117617 1,194,395 1, 158,675 1,325,041 1,415,362 1 598 011 Total Revenues 13,314,863 12,568,361 12,630,096 12,686,794 13,138,266 13,506,053 13 991 774 Transfer F rom Other Funds Charges to other funds 1,458,900 1,494,200 1,492,400 1,492,400 1,530 ,900 1,576 ,827 1,624,132 Capital Projects I Spec ial Revenue 124,303 400,000 400,000 283,221 50 ,000 50 ,000 Enterprise 38,300 34 ,000 39,000 39 ,000 43,300 44 ,599 45 ,937 Trust Fund 149,802 150,993 161 561 162 999 164 449 165,913 Total Transfers 1,497,200 1,802,305 2,082,393 2,092,961 2,020,420 1,835,875 1,885,982 Total Revenues and Transfers 14,812,063 14,370,666 14,712,489 14,779,755 15,158,686 15,341,928 15,877,756 EXPENDITURES/APPROPRIATIONS General Government 2 ,865,713 2,682 ,321 2 ,966,591 2,966,591 3,412 ,626 3,484 ,741 3 ,554 ,436 Pu bli c Safety 6 ,987,609 6 ,679 ,790 7 ,299,722 7,299,722 7,559,066 7,710,247 7,864,452 Public Works 2 ,251 ,812 2,148,432 2 ,375,314 2,375,314 2,492,669 2 ,542,522 2 ,593,372 Parks, Recreation & Cultural 1,993,809 1,984,887 2,125,189 2,135,189 2,073,983 2,115,463 2 157 772 Total Operating Expenditures 14 ,098,943 13,495,430 14 ,766,816 14,776,816 15,538,344 15,852 ,973 16,170,032 Transfers or Non-Operating 686,253 745 130 826,788 826,788 622,429 574 116 583,839 Total Expenditures/Appropriations 14 ,785 ,196 14,240,560 15 ,593,604 15,603,604 16,160,773 16,427,089 16,753,871 Total Surplus (Deficit) 26,867 130, 106 (881, 115) (823,849) (1,002 ,087) (1,085 ,161 ) (876, 115) Projected Lapse -5% 738 341 738,841 776 917 792 649 808,502 Adjusted Surplus (Deficit) 26 ,867 130, 106 (142,774) (85,008) (225 ,170) (292 ,512) (67 ,613) Beginning Fund Ba lance 10,391,233 10,418, 100 10,215,499 10,548,206 10,463,198 10,238,028 9,945,516 Ending Fund Bal ance 10,418,100 10,548,206 10,072,725 10,463 ,198 10,238,028 9,945,516 9,877,903 Restricted (588 ,937) (588,937) (624,937) (664,599) (700,599) (736,599) (772,599) Committed (409,746 ) (409,746) (6 ,868 ,847) (7,072 ,937) (7 ,085,294) (6,711 ,942) (6,660,511 ) Assigned (1,409 ,610) (1 ,409,610) (2 ,382 ,699) (2,417 ,467) (2,452, 135) (2,496,975) (2 ,444, 793) Unassigned Fund Balan ce $ 8,009,807 $8,139,913 $ 196,242 $ 308,195 $ $ $ City of Kenai Fiscal Year 2019 Operating Budget Budget Projection Fund: 006 -Personal Use Fishery Fund Original Manager Actual Actual Budget Projection Proposed FY2016 FY2017 FY2018 FY2018 FY2019 Revenues PERS Grant $ 2,167 $ 2,688 $ 2 ,312 $ 2,312 $ 4,169 Usage Fees B each Parking 182,739 182,853 183,000 170,429 175,000 Beach Camping 230,729 238,752 239,000 210,269 225,000 Dock Launch & P ark 133,181 128,109 130,000 111 ,8 48 115,000 Dock Parking Only 15,238 14,807 15,000 12,009 15,000 Participant Drop-off Fee 10,717 11,000 7,481 8,000 Total Usage Fees 561 ,887 575,238 578,000 512,036 538,000 Miscellaneous Rev enues Investment earnings 1,580 67 1 750 750 750 Other (6,888) {3,680) (4,500) (1, 126) {1,500) Total Miscellaneous Revenues (5,308) (3,009) (3,750) (376) (750) Total Revenue 558,746 574,917 576,562 513,972 541,419 Expenditures Public Safety 113,943 116,875 109,195 109,195 96,686 Streets 34, 116 53,068 51 ,506 51 ,506 61,066 Boating Facility 71,417 72,668 72,347 72,347 72,137 Parks, Recreation & Beautification 266,996 268,686 279,079 279,584 275,224 Total Expenditures 486,472 511,297 512, 127 512,632 505, 113 T ransfers -General Fund 50,000 Total Expenditures & Transfers 486,472 511 ,297 512,127 512,632 555,1 13 Contribution To/(From) Fund Balance: 72,274 63,620 64,435 1,340 (13,694) Projected Lapse 19,981 5 ,000 21, 151 Adjusted (Deficit)/Surplus 72,274 63,620 84,416 6,340 7,457 Beginning Fund Balance 67,662 139,936 149,066 203,556 209,896 Ending Fund B alance $ 139,936 $ 203,556 $ 233,482 $ 209,896 $ 217,353 City of Kenai Fiscal Year 2019 Operating Budget Budget Projection Fund: 010 -Water and Sewer Fund Original Manager Actual Actual Budget Projection Proposed FY2016 FY2017 FY2018 FY2018 FY2019 Revenues PERS Grant $ 30,836 $ 23,142 $ 17,228 $ 17,228 $ 33,668 Usage Fees Service Hook-up 4,001 2,205 3 ,927 3,918 3,927 Res idential Water 716,095 791 ,580 832,279 830 ,339 832,279 Commercial Water 283,168 315,494 350,141 349,325 350,141 Res idential Sewer 1,136,029 1,170,897 1,182,299 1,179,542 1,182,299 Commercial Sewer 430,949 445,805 494,807 493,654 494,807 Total Usage Fees 2 ,570,242 2 ,725,981 2 ,863,453 2,856,778 2,863,453 Miscellaneous Revenues Penalty and Interest 39 ,679 35,839 43,250 43,250 43,250 Interest Earnings 10,896 5 ,117 16,000 16,000 16,000 Other 2 ,812 4,361 3,000 23 ,000 3 ,000 T otal Miscellaneous Revenues 53,387 45 ,317 62 ,250 82 ,250 62,250 Tota l Revenues 2,654,465 2,794,440 2 ,942 ,931 2,956,256 2 ,959,371 Expenditures Water Department 829,080 719,328 864,277 914,259 949,971 Sewer Department 384,963 723 ,136 513,830 520,147 499,384 Wastewater Treatment Plant Department 923,883 987,096 1,075,372 1,086,894 1 ,208,057 Tota l Expenditures 2 ,137,926 2,429,560 2,453,479 2,521,300 2,657,412 Contribution To/(From) Fund Balance: 516,539 364,880 489,452 434,956 301 ,959 Projected Lapse (6%) 126,260 127 ,709 136,903 Adjusted (Deficit)/Surplus 6 15 ,712 562 ,665 438,862 Beginning Fund Balance 1,189,013 1 ,705 ,552 1,614,533 2,070 ,432 2,633,097 Ending Fund Balance $ 1,705,552 $ 2 ,070,432 $ 2 ,230 ,245 $ 2 ,633 ,097 $ 3,071 ,959 City of Kenai Fiscal Year 2019 Oper ating Budget Fund: 008 -Airport Fund Department: Airport Fund Summary Original Manager Actual Actual Budget Projection Proposed FY2016 FY2017 FY2018 FY2018 FY2019 Reven ues State & Federal Grants $ 30,048 $ 29,726 $ 23,552 $ 23,552 $ 36,385 Usage Fees Fuel Sales 1,372 7,621 10,000 10,000 10,000 Fuel Flowage 27,772 29,207 35,000 35,000 35 ,000 Float Plane 812 620 1,500 1,500 1,500 Tie Down 5,576 7,403 7,500 7,500 7,500 Landing 418 ,644 529,132 375,000 375 ,000 432 ,500 Plane Parking 5,526 5,725 5,000 5,000 5 ,000 Total Usage Fees 459,702 579 ,708 434,000 434,000 491 ,500 Rents and Leases Land 687,256 674 ,781 650 , 117 650, 117 547,610 Total Rents and Leases 687,256 674 ,781 650 , 117 650,117 547,610 Miscellaneous Penalty and Interest 5,886 8,321 5,000 5,000 5,000 Interest on Investments 33,213 15,598 25,000 25,000 25 ,000 Other 9,627 12,666 25,000 25,000 10,000 Total Miscellaneous 48 ,726 36,585 55,000 55,000 40,000 Terminal Revenue Parki ng Fees 261 ,036 233 ,284 300 ,000 300 ,000 250,000 Rents and Leases 283 ,525 308,275 31 7, 723 317,723 378, 160 Penalty and Interest 1,957 1,728 4 ,500 4,500 4,500 Car Rental Commissions 226,130 156,497 195,000 195,000 175,000 Advertising Commissions 10,315 7 ,421 9 ,000 9,000 9,000 Miscellaneous 608 1, 145 1,500 1,500 1,500 Total Terminal Revenue 783 ,571 708 ,350 827 ,723 827 ,723 818 ,160 Transfers In Airport Land Trust Fund 1,142,714 1, 175,414 1, 191, 711 1,210 ,348 1,230 ,025 Tota l Transfers In 1, 142,714 1,175,414 1, 191,711 1,210,348 1,2 30,025 Total Revenues 3 ,152,017 3 ,204,564 3 , 182, 103 3 ,200 ,740 3,163,680 Expenditures Airport Terminal 548,308 578,256 645,425 645,425 630,109 Airport Airfield 1,522 ,298 1,640,517 1 ,697,523 1,697 ,643 1,731,779 Airport Administration 287,087 411 ,745 336,914 384,728 596 ,199 Airport Other Build ings and Areas 313,741 139,947 167,211 248 ,458 164,943 Airport Training Facility 32,620 40,295 38,326 38,326 38,474 Total Expenditures 2 ,704,054 2 ,810 ,760 2 ,885,399 3 ,014,580 3 , 161 ,504 Contribution To/(From) Fund Ba lance: 447,963 393,804 296,704 186 , 160 2, 176 Projected Lapse (6%) 116,940 117,731 116,255 Adjusted (Deficit)/Surplus 413 ,644 303,891 118,431 Beginning Fund Balance 4 ,234,539 4 ,682 ,502 5,073,483 5,076,306 5 ,380,197 End i ng Fund Balance $ 4,682,502 $ 5 ,076 ,306 $ 5,487 , 127 $ 5 ,380,197 $ 5,498,628 City of Kenai Fiscal Year 2019 Operating Budget Fund: 019 ·Senior Citizens Fund Department: Title Ill Summary Original Manager Actual Actual Budget Projection Proposed FY2016 FY2017 FY2018 FY2018 FY2019 Revenues State Grants $ 196,978 $ 208,654 $ 198,299 $ 198,299 $ 203,626 USDA Grant 15,780 22,415 15,000 15,000 27,000 Choice Waiver 252,604 220,419 225,000 200,000 200,000 KPB Grant 126,207 126,207 126,207 126,20 7 126,207 United Way 9,582 5 ,977 5,977 15,000 3,000 Rents and Leases 12 ,971 8,260 13,000 13,000 13,000 Donations 13,497 6,975 30,000 65,605 32,000 Donation -Senior Connection 10 ,000 7,677 50,000 50,000 50 ,000 Meal Donations 61 ,066 75,321 75 ,000 75,00 0 82,500 Transfer from General Fund -Operations 88,339 183,291 196,730 185, 184 170 ,857 Transfer from General Fund -Capital 45,670 Other (621) 306 300 300 300 Tota l Revenue 786 ,403 865,502 935,513 943,595 954,160 Expenditures Senior Citizen Access 175,262 153,905 166,319 166,319 157,364 Congregate Meals 179,434 218,035 236,396 239,021 285,370 Ho me Meals 148,048 176,509 195,103 226,583 209 ,875 Senior Transportation 108,562 67,803 80 ,523 80,523 81,234 Choice Waiver 331,888 249,525 281,213 281 ,213 244,671 Total Expenditures 943,194 865,777 959,554 993,659 978,514 Contribution To /(From) Fund Ba lance: (156,791) (275) (24 ,041 ) (50,064) (24,354) Projected Lapse (3%) 24,041 50 ,064 24,354 Adjusted (Deficit)/Surplus (156,791) (275) Beginning Fund Balance 157,066 275 Ending Fund Balance $ 275 $ -$ -$ -$ City of Kenai Fiscal Yea r 2019 Operating Budget Budget Projection Fund: 009 -Congregate Housing Fund Original Manager Actual Actual Budget Projection Proposed FY2016 FY2017 FY2018 FY2018 FY2019 Revenues PERS Grant $ 2,077 $ 1 ,780 $ 1,192 $ 1, 192 $ 1,866 Rents and Leases 382,253 386,613 388,345 388,345 390,515 In terest on Investments 3 ,880 1 ,822 4 ,000 4 ,000 4,000 Miscellaneous 77 95 Total Revenues 388,287 390,310 393,537 393,537 396,381 Expenses 425 ,986 498,181 452,1 33 500,333 503,144 Net Income (loss) (37,699) (1 07,871) (58,596) (106,796) (106 ,763) Beginning Retained Earning s 418,765 474,257 496,442 506,832 539,893 Capital Asset Acquistions (46,666) (121,000) Allocated to Capita l Projects Credit for Depreciation 139,857 140,446 139,857 139,857 140,446 Avail able Retained Earnings $ 474,257 $ 506,832 $ 577,703 $ 539,893 $ 452,576 City of Kenai Fiscal Y ear 2019 Oper ating Budget Fund: 011 -Employee Health Care Fund Dep artment : 18 -Health C are Fu nd Summary Origi nal Man ager Act ua l Actual Budg et Proj ec tion Proposed FY2016 FY201 7 FY2 018 FY2018 FY2019 Revenues Charge for Services $ -$ -$ 1,916,987 $ 1,9 16 ,987 $ 2, 148,495 Participant prem iums 226,296 226,296 243,552 T ransfer from Other Funds 117,637 Interest Earn ings 1,000 1,000 1,000 T otal Revenuei 117,637 2,144 ,283 2,144,283 2 ,393 ,047 Expenses 2,143 ,283 2,143 ,283 2,391,806 Net Income (loss) 117,637 1 ,000 1,000 1,241 Beginning Retained Earning: 100,000 117 ,637 1 18,637 Available Reta i ned Earning: $ -$ 117,637 $ 101 ,000 $ 118,637 $ 1 19,878 City of Kenai Fiscal Year 2019 Operating Budget Budget Projection Land Sa les Permane nt Funds Ori g ina l Manager Actual Actual Bud get FY20 18 Pro posed FY2016 FY201 7 FY20 18 Proje ction FY2019 FUND 082-52 A irport Land Sales Permanent Fu nd Revenues Acct. 36610 Investments Earnings $ 447,392 $ 2,055,039 $ 1,445, 101 $ 1,520,536 $ 1,520 ,536 Acct. 36645 Interest on Land Sale Contracts 14,238 10,000 10,000 10,000 Acct. 33640 Land Sales 7 ,714 362,731 Total Revenue 469,344 2,417,770 1,455, 101 1 ,530 ,536 1,530,536 Expenses Transfer to Airport Land System Fund 1,142,714 1 , 175,414 1,191,711 1,210,348 1,230,025 Contributions To /(From) Fund Balance (673,370) 1,242,356 263,390 320, 188 300,511 Beginning Fund Balance 23,711,029 23,037,659 23,295,554 24,280,015 24,600,203 Ending Fund Balance $ 23,037,659 $ 24,280,015 $ 23,558,944 $ 24,600,203 $ 24,900,714 FU N D 08 1-52 Gene ral Lan d Sales Perma nent Fu nd Re ve nue s Acct. 36610 Investments Earnings $ 54,331 $ 256,966 $ 173,620 $ 173,620 $ 189,844 Acct. 36645 Interest on L and Sale Contracts Acct. 33640 Land Sales Total Revenue 54,331 256,966 173,620 173,620 189,844 Expenses Transfer to General Fund 149,802 150,993 161,561 162 ,999 Contributions To/(From) Fund Balance 54 ,331 107,164 22,627 12,059 26,845 Beginning Fund Balance 2,888,444 2,942,775 2,965,790 3,049,939 3,061,998 Ending Fund Balance $ 2,942,775 $ 3,049,939 $ 2,988,417 $ 3,061,998 $ 3,088,843 City of Kenai Fiscal Year 2019 Operating Bu dget Fund 048 -Debt Service Origina l Manager Actual Actual Budget Projection Proposed FY201 6 FY2 017 FY2018 FY2018 FY2019 Revenues Bond Interest Subsidy 34,884 34,959 34 ,940 34 ,996 34 ,996 Transfer from General Fund 143,914 140,439 142,058 142,002 143,402 Total Revenue 178,798 175,398 176,998 176,998 178,398 Expenditures Parks, Recreat ion & Culture 178,798 175,398 176 ,998 176,998 178,398 Contributions To/From Fund Balance Beginning Fu nd Balance End ing Fund Balance $ -$ -$ -$ -$ FY2019 MANAGER PROPOSED BUDGETALLPPT.com _ Free PowerPoint Templates, Diagrams and Charts Operational Factors• Cost of Living Adjustment COLA to City Salary Schedule of 0.20%.• Employee Health/Life Insurance.• Public Employees Retirement System On-behalf Funding.GENERAL OVERVIEW Cost of Living Adjustment COLA• Anchorage CPI Second half over Second half2017 0.20% FY2019 Proposed IncreaseBudgetary Impact wages & benefits:General Fund $18,986Personal Use Fishery 419Water & Sewer 1,632Airport 1,437Senior Citizen 743Congregate Housing 91Total All Funds $23,308GENERAL OVERVIEW Employee Health/Life InsuranceGoals & Objectives1. Provide quality coverage to assist in attracting and maintaining a quality workforce.2. Maximize savings while maintaining quality through active solicitation and plan design.3. Stabilize the budgetary impact of employee health and life insurance costs.GENERAL OVERVIEW Employee Health/Life InsuranceBased on a 10% increase in premium.Employee monthly premiumFY2019 FY2018 ChangeEmployee Only $ 99.00 $ 92.00 $ 7.00Employee w/Children 180.00 166.00 14.00Employee w/Spouse 198.00 182.00 16.00Employee & Family 270.00 249.00 21.00Part time Employee Only 460.00 420.00 40.00Cost per eligible employeeFull time $20,031 $17,874 $2,157Part time 10,016 8,937 1,079GENERAL OVERVIEW PERS On-behalf FundingThe Public Employees On-behalf Funding level increased in FY19 from 3.01% to 5.58% of covered payroll. General Fund $178,141PU Fishery Fund 1,918Water & Sewer Fund 15,506Airport Fund 13,318Senior Citizen Fund 5,886Congregate Housing Fund 860Total All Funds $215,629GENERAL OVERVIEW Personnel Changes• Assistant to City Manager/Human Resource Specialist to Assistant to City Manager/Special Projects. Range 15 to Range 18.• Establishment of a Human Resource Director. Range 21.• Allocation of Public Works Director to Water & Sewer Fund based on FTE’s supervised.• Increase in qualification pay for police.• Restructuring of Temporary Enforcement Officer schedules to lengthen period of employment but reduction of one position. No financial impact.• Information Technology Summer Intern. 8 week position.• Temporary land technician. 520 hour position.• Reclassification of Building Maintenance Lead Position. Range 13 to Range 14.• Building Official to Building Official/Manager. Range 15 to Range 17.• Removal of 365 day a year shift coverage for Wastewater Treatment Plant staff.• Elimination of three 24 hour position at library, through attrition, and replace with one 40 hour and one 14 hour position.GENERAL OVERVIEW Summary of Personnel ChangesPU Water & Senior CongregateGeneral Fishery Sewer Airport Citizen HousingFund Fund Fund Fund Fund Fund TotalPERS On-behalf Funding $178,141 $1,918 $15,506 $13,318 $5,886 $860 $215,629COLA @ 0.20% 18,986 419 1,632 1,437 743 91 23,308Employee Health Care Increase 193,107 44 22,531 (4,976) 10,785 1,078 222,569Special Project & CommunityDev. Coordinator 2,865 - - - - - 2,865Human Resource Director 160,300 - - - - - 160,300Public Works Director (49,774) - 49,774 - - - -Police Officer Qualification Pay 19,831 - - - - - 19,831IT Summer Intern 3,407 (180) - - - - 3,227Temp. Land Technician 7,103 - - 7,103 - - 14,206Building Maintenance Lead Technician 192 - - 70 - - 262Building Official/Manager 2,641 - - - - - 2,641Wastewater Treatment Plan Shift - - (16,360) - - - (16,360)Library Staffing changes (34,467) - - - - - (34,467)Total $502,332 $2,201 $73,083 $16,952 $17,414 $2,029 $614,011GENERAL OVERVIEW FY2019 Projected Revenue SourcesProperty Tax $3,855,798 25.08%Sales Tax 7,124,915 46.31%State/Federal 832,512 5.41%Other 1,563,568 9.35%Central Admin Fee 1,530,900 9.95%Fund Balance 225,170 1.46%Interest on Investments 100,000 0.65%Transfers In 150,993 0.98%Total $15,383,856 100.00%GENERAL FUND Sales TaxGENERAL FUND $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 Property Tax RevenuesGENERAL FUND $- $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 $700,000,000 $800,000,000 $900,000,000Personal PropertyAS 43.56 PropertyReal Property Property Tax – Assessed Value HistoryGENERAL FUND $‐ $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 $700,000,000 $800,000,000 $900,000,000 $1,000,000,000Real PropertyAS 43.56 PropertyPersonal PropertyTotal What do your taxes pay for?GENERAL FUNDHome Assessed Value 250,000.00$ City of Kenai Property Tax (After $20,000 primary residence exempt(4.35 Mills) 1,000.50$ KPB Property Taxes (After $50,000 primary residence exemption) (4.51 Mills) 902.00 Total Tax Liability1,902.50$ How is your City of Kenai Property Taxes Spent? 1,000.50$ Department:General GovernmentCity Council 174,150$ 1.06% 10.59$ City Administration 2,497,707$ 15.41% 154.18 Lands Administration 24,337$ 0.15% 1.50 Planning and Zoning 225,176$ 1.39% 13.91 City Clerk 311,005$ 1.92%19.21 Total General Government 3,232,375$ 19.93% 199.39$ Public SafetyPolice 3,107,201$ 19.17% 191.80$ Fire 3,171,122$ 19.56% 195.70 Communications 858,551$ 5.30% 53.03 Animal Control 422,192$ 2.60%26.01 Total Public Safety 7,559,066$ 46.63% 466.54$ Public WorksPublic Works Administration 185,811$ 1.15% 11.51 Streets 1,077,437$ 6.65% 66.53 Maintenance Shop 669,652$ 4.13% 41.32 Buildings 386,950$ 2.39% 23.91 Street Lighting 172,819$ 1.07%10.71 Total Public Works 2,492,669$ 15.39% 153.98$ Parks, Recreation & CulturalParks, Recreation & Beautification 1,107,167$ 6.83% 68.33$ Library 892,033$ 5.50% 55.03 Visitor Center 180,251$ 1.11% 11.11 City Dock 74,783$ 0.46%4.60 Total Parks, Recreation & Cultural 2,254,234$ 13.90% 139.07$ Senior Citizen Programs 216,527$ 1.34% 13.41$ Debt Service 143,402$ 0.88% 8.80$ Capital Projects 312,500$ 1.93%19.31$ Total City of Kenai 16,210,773$ 100.00%1,000.50$ General Government$199.39 19.93%Public Safety $466.54 46.63%Senior Citizen Programs$13.41 1.34%Public Works $153.98 15.39%Debt Service $8.80 0.88%Parks, Recreation & Cultural $139.07 13.90%Capital Projects $19.31 1.93% Special or Capital ExpendituresProposed special or capital expenditures included in the FY19 General Fund Budget include:1. Caselle cemetery management software purchase $ 6,9662. Caselle court management software purchase 12,2063. Wireless backhaul phase 1 16,8004. Recreation Center Improvementsa. Exterior painting 22,130b. Hot water system upgrade 30,000c. Bathroom tile replacement 12,5005. Fire Department kitchen remodel 35,0006. Street improvements to be identified 200,0007. Senior Center dishwasher replacement 11,1708. Senior Center tile and carpet replacement 34,5009. Replacement of two (2) police cruisers 93,00010. Replacement of thermal imaging camera 4,500GENERAL FUND Special or Capital Expenditures - Continued11. Apparatus intake valve replacement $ 3,60012. Backup generator for City Shop facilities 20,00013. Trackless snow blower head replacement 24,90714. HR Director office construction 15,00015. Refinish Visitor Center exterior 23,30016. Treadmill replacement at Kenai Recreation Center 6,750$572,329GENERAL FUND Fund Balance Policy ComplianceGENERAL FUND $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000FY2017 Actual FY2018 Projected FY2019 Adopted FY2020 Projected FY2021 ProjectedMimimum Fund BalanceMaximum Fund BalanceActual Fund Balance7.25.060 (a)7.25.050 (a) FY2019 Projected Revenue SourcesUsage Fees $ 491,500 15.54%Interest on Investments 1,255,025 39.67%State/Federal 36,385 1.15%Other 15,000 0.47%Terminal Revenues 818,160 25.86%Rents & Leases 547,610 17.31%Total $3,163,680 100.00%AIRPORT FUND FAA Flight Service Station Rent• The General Fund paid for construction of the building, $1,513,036 in FY1984 & 85.• Original lease was for $1.00 per year.• New lease in October 2012 established new rent of $10,000 per month with required buildingimprovement.• Rent received since October 2012, $680,000, recorded as Airport Fund Revenue.• Provided for building improvements by Airport Fund, $395,000.• Appraised value of the lot $0.75 per square foot.Rent Received $680,000Improvements paid for (395,000)Land Rent due to Airport (51,779) (150,084 sq ft @ $0.75 per sq ft, per year for 69 months @ 8% lease rate)Proposed transfer to General Fund $233,221AIRPORT FUND Fund BalanceAIRPORT FUND$0$1,000,000$2,000,000$3,000,000$4,000,000$5,000,000$6,000,000Revenues, Expenditures and Fund BalanceTotal RevneuesTotal ExpendituresFund Balance FY2019 Projected Revenue SourcesUsage Fees $ 2,863,453 96.76%Interest on Investments 16,000 0.54%State/Federal 33,668 1.14%Other 46,250 1.56%Total $2,959,371 100.00%WATER & SEWER FUND Water & Sewer RatesWATER & SEWER FUNDWater Rates:Residential per month $35.66General Use – Metered per 1,000 gallons $3.40Sewer Rates:Residential per month $51.42General Use – Metered per 1,000 gallons $5.30Combined Water & Sewer Rates:Residential per month $87.08General Use – Metered per 1,000 gallons $8.70 Personnel ChangesWATER & SEWER FUND1. Allocation of Public Works Director to Water & Sewer Fund for management and supervision.2. Elimination of Waste Water Treatment Plant 365 day per year shift coverage. Fund BalanceWATER & SEWER FUND$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000$3,500,000Revenues, Expenditures and Fund BalanceTotal RevneuesTotal ExpendituresFund Balance FY2019 Projected Revenue SourcesState Grants $203,626 21.34%USDA Grants 27,000 2.83%Choice Waiver 200,000 20.96%KPB Grant 126,207 13.23%United Way Grant 3,000 0.31%Rents & Leases 13,000 1.36%Senior Connection Donations 50,000 5.24%Donations – Other 32,000 12.00%Other 300 0.03%Transfers from General Fund:Operations 170,857 17.91%Capital Projects 45,670 4.79%Total $954,160 100.00%SENIOR CITIZEN FUND Fund BalanceSENIOR CITIZEN FUND$0$200,000$400,000$600,000$800,000$1,000,000$1,200,000Revenues, Expenditures and Fund BalanceTotal RevneuesTotal ExpendituresFund Balance FY2019 Projected Revenue SourcesBeach Parking $175,000 32.32%Beach Camping 225,000 41.56%Dock Launch & Park 115,000 21.24%Dock Parking Only 15,000 2.77%Participant Drop-off 8,000 1.48%State Grant 4,169 0.77%Interest & Other (750) (0.28)%Total $541,419 100.00%PERSONAL USE FISHERY FUND User FeesPERSONAL USE FISHERY FUNDPersonal Use Fisher Day Use Parking – 5:00AM to Midnight ( vehicle or up to two atv’s) $20.00Personal Use Fisher Overnight ParkingBefore noon on the first day to noon of the second day (vehicle or up to two atv’s and one tent) $55.00After noon on the first day to noon of the second day (vehicle or up to two atv’s and one tent) $45.00Personal Use Fishery Camping (one tent) $25.00Dock Parking $20.00Dock Launch and Parking $25.00Participant Drop-off Fee $10.00 Significant ChangesPERSONAL USE FISHERY FUND$50,000 transfer to General Fund. Fund BalancePERSONAL USE FISHERY FUND$0$100,000$200,000$300,000$400,000$500,000$600,000$700,000Revenues, Expenditures and Fund BalanceTotal RevneuesTotal ExpendituresFund Balance FY2019 Projected Revenue SourcesTenant Rents $390,515 98.52%Interest Earnings 4,000 1.01%Other 1,866 0.47%Total $396,381 100.00%CONGREGATE HOUSING FUND Fund BalanceCONGREGATE HOUSING FUND$0$100,000$200,000$300,000$400,000$500,000$600,000$700,000Revenues, Expenditures and Fund BalanceTotal RevneuesTotal ExpendituresFund Balance FY2019 Projected Revenue SourcesCharge for Services $2,148,495 89.78%Participant Premiums 243,552 10.18%Interest Earnings 1,000 0.04%Total $2,393,047 100.00%EMPLOYEE HEALTH CARE FUND Fund BalanceEMPLOYEE HEALTH CARE FUND$0$500,000$1,000,000$1,500,000$2,000,000$2,500,000$3,000,000Revenues, Expenditures and Fund BalanceTotal RevneuesTotal ExpendituresFund Balance General Land Sale Permanent FundFY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019ActualActualActualActualActualActualActualProjectedDecember 31st Market Value 2011 2012 2013 2014 2015 2016 2017 2018Portfolio Value$ 2,428,277 $ 2,713,353 $ 2,923,441 $ 2,941,854 $ 2,787,369 $ 2,996,033 $ 3,231,213 $ 3,259,970 5% of Portfolio Value$ 135,668 $ 146,172 $ 147,093 $ 139,368 $ 149,802 $ 161,561 $ 162,999 Calendar Year Earnings$ 284,755 $ 345,756 $ 164,585 $ (7,392) $ 201,272 $ 384,982 $ 190,318 Allowable Transfer$ 135,668 $ 146,172 $ 147,093 $ - $ 149,802 $ 161,561 $ 162,999 Airport Land Sale Permanent FundMarket ValueActual Actual Actual Actual Actual EstimatedDecember 31, 2013 2014 2015 2016 2017 FY19Portfolio Balance$24,095,421 $24,348,075 $23,149,202 $23,690,184 $ 25,751,927 $ 26,063,157 5 Year AverageFY 19 Budget $24,600,509 X 5% $ 1,230,025 Debt Service FundDate Principle Interest Total PaymentRZEDB SubsidySequestration ReductionNet Debt Service Balance Interest Rate Debt Service SubsidyNet Debt Service9/1/2015 - 46,898.78 46,898.78 18,764.45 (1,322.00) 26,812.33 1,615,000.00 3.65%3/1/2016 85,000.00 46,898.78 131,898.78 18,764.45 (1,323.00) 111,811.33 1,530,000.00 3.65% 178,797.56 34,883.90 143,913.66 FY20169/1/2016 - 45,198.78 45,198.78 18,764.45 (1,285.00) 25,149.33 1,530,000.00 3.62%3/1/2017 85,000.00 45,198.78 130,198.78 18,764.45 (1,285.00) 110,149.33 1,445,000.00 3.62% 175,397.56 34,958.90 140,438.66 FY20179/1/2017 - 43,498.78 43,498.78 18,764.45 (1,266.00) 23,468.33 1,445,000.00 3.60%3/1/2018 90,000.00 43,498.78 133,498.78 18,764.45 (1,267.00) 113,467.33 1,355,000.00 3.60% 176,997.56 34,995.90 142,001.66 FY20189/1/2018 - 41,698.78 41,698.78 18,764.45 (1,266.00) 21,668.33 1,355,000.00 3.57%3/1/2019 95,000.00 41,698.78 136,698.78 18,764.45 (1,267.00) 116,667.33 1,260,000.00 3.57% 178,397.56 34,995.90 143,401.66 FY20199/1/2019 - 38,852.10 38,852.10 17,483.45 (1,180.00) 20,188.65 1,260,000.00 3.58%3/1/2020 95,000.00 38,852.10 133,852.10 17,483.45 (1,180.00) 115,188.65 1,165,000.00 3.58% 172,704.20 32,606.90 140,097.30 FY20209/1/2020 - 36,005.43 36,005.43 16,202.44 (1,094.00) 18,708.99 1,165,000.00 3.59%3/1/2021 100,000.00 36,005.43 136,005.43 16,202.44 (1,094.00) 118,708.99 1,065,000.00 3.59% 172,010.86 30,216.88 141,793.98 FY20219/1/2021 - 33,008.93 33,008.93 14,854.02 (1,003.00) 17,151.91 1,065,000.00 3.60%3/1/2022 105,000.00 33,008.93 138,008.93 14,854.02 (1,003.00) 122,151.91 960,000.00 3.60% 171,017.86 27,702.04 143,315.82 FY20229/1/2022 - 29,862.60 29,862.60 13,438.17 (907.00) 15,517.43 960,000.00 3.61%3/1/2023 105,000.00 29,862.60 134,862.60 13,438.17 (907.00) 120,517.43 855,000.00 3.61% 164,725.20 25,062.34 139,662.86 FY20239/1/2023 - 26,716.28 26,716.28 12,022.32 (812.00) 13,881.96 855,000.00 3.63%3/1/2024 110,000.00 26,716.28 136,716.28 12,022.32 (812.00) 123,881.96 745,000.00 3.63% 163,432.56 22,420.64 141,011.92 FY20249/1/2024 - 23,420.13 23,420.13 10,539.06 (711.00) 12,170.07 745,000.00 3.65%3/1/2025 115,000.00 23,420.13 138,420.13 10,539.06 (711.00) 127,170.07 630,000.00 3.65% 161,840.26 19,656.12 142,184.14 FY20259/1/2025 - 19,974.15 19,974.15 8,988.37 (607.00) 10,378.78 630,000.00 3.68%3/1/2026 120,000.00 19,974.15 139,974.15 8,988.37 (607.00) 130,378.78 510,000.00 3.68% 159,948.30 16,762.74 143,185.56 FY20269/1/2026 - 16,169.55 16,169.55 7,276.30 (491.00) 8,402.25 510,000.00 3.68%3/1/2027 120,000.00 16,169.55 136,169.55 7,276.30 (491.00) 128,402.25 390,000.00 3.68% 152,339.10 13,570.60 138,768.50 FY20279/1/2027 - 12,364.95 12,364.95 5,564.23 (376.00) 6,424.72 390,000.00 3.68%3/1/2028 125,000.00 12,364.95 137,364.95 5,564.23 (376.00) 131,424.72 265,000.00 3.68% 149,729.90 10,376.46 139,353.44 FY20289/1/2028 - 8,401.83 8,401.83 3,780.82 (255.00) 4,366.01 265,000.00 3.68%3/1/2029 130,000.00 8,401.83 138,401.83 3,780.82 (255.00) 134,366.01 135,000.00 3.68% 146,803.66 7,051.64 139,752.02 FY20299/1/2029 - 4,280.18 4,280.18 1,926.08 (130.00) 2,224.10 135,000.00 3.68%3/1/2030 135,000.00 4,280.18 139,280.18 1,926.08 (130.00) 137,224.10 - 3.68% 143,560.36 3,592.16 139,968.20 FY2030 Equipment Replacement FundColumn1Dept.Year Acquired Model/DescriptionCurrent Equip. Original CostCurrent Equip. Useful LifeCurrent Equip. Annual ContributionEstimated Replacement Year2018 2019 2020 2021 2022 2023F7R Fire 2004 Ambulance 130,690$        15 10,970$            2019 10,970$   10,970$   18,131$   18,131$   18,131$   18,131$   FT1 Fire 1993 Hurrican Aerial 521,627          30 26,370              2023 26,370     26,370     26,370     26,370     26,370     26,370     S1 Fire 2004 Squad/Fire Apparatus 148,759          20 9,976                 2024 9,976        9,976        9,976        9,976        9,976        9,976        E3 Fire 1995 Hurricane Tanker, Engine #4 251,837          30 12,731              2025 12,731     12,731     12,731     12,731     12,731     12,731     F8R Fire 2011 Ambulance 169,170          15 14,200              2026 14,200     14,200     14,200     14,200     14,200     14,200     E1 Fire 1999 Pumper Engine #2 275,356          30 13,920              2029 13,920     13,920     13,920     13,920     13,920     13,920     F6R Fire 2016 Ambulance 171,894          15 14,428              2031 14,428     14,428     14,428     14,428     14,428     14,428     Fire 2015 25' Safeboat 125,000          20 8,383                 2035 8,383        8,383        8,383        8,383        8,383        8,383        E2 Fire 2019 Pumper, Engine 3 540,000          30 27,299              2049 20,828     27,299     27,299     27,299     27,299     27,299     Non‐Dept 2019 Server Virtulization 155,000          53,478                 2019 3,478        34,276     34,276     34,276     34,276     34,276     PR11 Recreation 2008 Ice Conditioner 78,335            20 5,254                 2028 5,254        5,254        5,254        5,254        5,254        5,254        ST46 Streets 1993 140G Motor Grader with Wing & Plow 188,464          25 10,759              2018 10,759     23,898     23,898     23,898     23,898     23,898     ST51 Streets 1996 160H Motor Grader w/ Wing & Plow 215,000          25 12,274              2021 12,274     12,274     12,274     12,274     27,263     27,263     ST55 Streets 2009 MT‐6 4x4 Articulating Snow Blower 177,000          15 14,857              2024 14,857     14,857     14,857     14,857     14,857     14,857     ST25 Streets 2005 Aerial Bucket Truck 79,836            20 5,354                 2025 5,354        5,354        5,354        5,354        5,354        5,354        ST56 Streets 2013 MT‐6 4x4 Articulating Snow Blower 139,971          15 11,749              2028 11,749     11,749     11,749     11,749     11,749     11,749     ST42 Streets 2003 140H Motor Grader W/ Wing 234,825          25 13,405              2028 13,405     13,405     13,405     13,405     13,405     13,405     ST29 Streets 2008 Crosswind, IH4300 Sweeper 190,200          25 10,858              2033 10,858     10,858     10,858     10,858     10,858     10,858     ST43 Streets 2010 L120 Loader 290,000          25 16,555              2035 16,555     16,555     16,555     16,555     16,555     16,555     ST18 Streets 2012 10‐12V CY End Dump 100,000          25 5,709                 2037 5,709        5,709        5,709        5,709        5,709        5,709        ST19 Streets 2012 10‐12V CY End Dump 100,000          25 5,709                 2037 5,709        5,709        5,709        5,709        5,709        5,709        ST30 Streets 2018 Street Sweeper 210,421          20 14,112              2038 14,112     14,112     14,112     14,112     14,112     14,112     ST31 Streets 2013 120G Motor Grader W/ Wing & Plow 339,740          25 19,395              2038 19,395     19,395     19,395     19,395     19,395     19,395     ST15 Streets 2014 L110H Loader 290,000          2516,555 203916,555 16,555 16,555 16,555 16,555 16,555     ST17 Streets 2016 Water Truck 160,000          25 9,134                 2041 9,134        9,134        9,134        9,134        9,134        9,134        ST23 Streets 2018 Sander Truck 225,109          30 11,380              2048 11,380     11,380     11,380     11,380     11,380     11,380     ST45 Streets 2018 Sander Truck 220,056          30 10,262              2048 11,125     11,125     11,125     11,125     11,125     11,125     329,468$ 379,876$ 387,037$ 387,037$ 402,026$ 402,026$ Total Fire 131,806$ 138,277$ 145,438$ 145,438$ 145,438$ 145,438$ Total Streets188,930   202,069   202,069   202,069   217,058   217,058   Total Non-Departmental3,478        34,276     34,276     34,276     34,276     34,276     Total Recreation 5,254 5,254 5,254 5,254 5,254 5,254 Total All 329,468$ 379,876$ 387,037$ 387,037$ 402,026$ 402,026$ Equipment Replacement Fund2017201820192020202120222023Income - Rent Paments & Salvage Value 339,205$ 329,468$ 379,876$ 387,037$ 387,037$ 402,026$ 402,026$ Interest Earnings @ 3% 4,771 31,371 14,158 19,871 32,078 31,146 44,142 Total Income 343,976 360,839 394,034 406,908 419,115 433,172 446,168 Equipment PurchasesEquipment #Rep. YrRep. CostL120 Loader ST43 2011 196,595 - - - - - - - 10-12 CY Enddump ST18 2012 30,000 - - - - - - - 10-12 CY Enddump ST19 2012 30,000 - - - - - - - 4x4 Ambulance F8R 2012 169,170 - - - - - - - 120G Motor Grader, Wing & Plow ST31 2013 339,740 - - - - - - - Server Virtualization Infrastructure 2013 98,881 - - - - - - - IT-28 Loader, Integrated Tool Carrier ST15 2015 290,000 - - - - - - - Ambulance F6R 2016 185,000 - - - - - - - Pumper, Engine #3 E2 2019 540,000 - - 540,000 - - - - Sander Truck ST23 2018 225,109 - 225,109 - - - - - Sander Truck ST45 2018 220,056 - 220,056 - - - - - Server Virtualization Infrastructure 2019 - - - - - - - - Eagle Street Sweeper ST30 2018 210,421 - 210,421 - - - - - 140G Mot Grader w/ Wing & Plow ST46 2019 394,602 - - 394,602 - - - - Ambulance F7R 2020 203,611 - - - 203,611 - - - 160H Moto Grader w/ Wing & Plow ST51 2022 450,162 - - - - - 450,162 - Hurricane Aerial FT1 2024 1,266,126 - - - - - - - Server Virtualization Infrastructure 2024 174,454 - - - - - - - Squad/Fire Apparatus S1 2025 268,675 - - - - - - - MT-6, 4X4 Articulating Snow Blower ST55 2025 275,760 - - - - - - - Hurricane Tanker, Engine #4 E3 2026 611,274 - - - - - - - Aerial bucket truck ST25 2026 144,193 - - - - - - - Ambulance F8R 2027 263,561 - - - - - - - MT-6, 4X4 Articulating Snow Blower ST56 2028 211,719 - - - - - - - Ice Conditioner PR11 2029 141,482 - - - - - - - 140H Moto Grader W/ Wing ST42 2029 491,671 - - - - - - - Server Virtualization Infrastructure 2029 202,240 - - - - - - - Pumper, Engine #2 E1 2030 668,361 - - - - - - - Ambulance F6R 2031 260,005 - - - - - - - Crosswind, IH4300 Sweeper ST29 2034 398,237 - - - - - - - Server Virtualization Infrastructure 2034 234,451 - - - - - - - 25' Safeboat F31 2035 225,764 - - - - - - - Ambulance F7R 2035 317,219 - - - - - - - L120 Loader ST43 2036 607,196 - - - - - - - 10-12 CY End Dump ST18 2037 203,279 - - - - - - - 10-12 CY End Dump ST19 2037 203,279 - - - - - - - 120G Moto Grader w/ Wing & Plow ST31 2038 690,621 - - - - - - - Eagle Street Sweeper ST30 2039 368,974 - - - - - - - Server Virtualization Infrastructure 2039 271,793 - - - - - - - L110H Loader ST15 2039 589,510 - - - - - - - MT-6, 4X4 Articulating Snow Blower ST55 2040 429,625 - - - - - - - Water Truck ST17 2041 335,004 - - - - - - - Total Purchases - 655,586 934,602 203,611 - 450,162 - Income Over (Under) Purchases 343,976 (294,747) (540,568) 203,297 419,115 (16,990) 446,168 Equity in Central Treasury Balance July 1 1,357,304 1,701,280 1,406,533 865,965 1,069,262 1,488,377 1,471,387 Ending Equity in Central Treasury Balance June 30 1,701,280$ 1,406,533$ 865,965$ 1,069,262$ 1,488,377$ 1,471,387$ 1,917,555$ Equipment Replacement FundFY19 projected equipment replacements:1. Replacement of Fire Department Engine #3 $ 540,0002. Replacement of Street Sweeper 210,4213. Replacement of 140G Motor Grader 394,602Total FY19 Scheduled Replacements $1,145,023