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Home My WebLink About2006-05-02 Council Packet - Budget Work SessionCouncil budget Work Session ld!lay 2, 2006 BUDGET PROJECTION -GENERAL FUND Original Actual Actual Budget FY 2004 FY 2005 FY 2006 TOTAL ASSESSED VALUE Projection Budget FY 2006 FY 2007 $ 386,311,390 $ 398,490,477 ~ 399,959,300 $ 426,000,000 $ 453,000,000 MILL RATE 5.00 4.50 4.50 4,50 4.50 REVENUE Property Tax $ 2,048,176 $ 1,912,376 $ 2,043,800 $ 2,042,500 $ 2,175,000 Sales Tex 3,790,644 4,090,468 4,085,000 4,285,000 4,456,400 State(Federal Revenue: Revenue Sharing//PERS Funding 151,893 - 236,000 236,000 - Safe Communities and Muni. Asst. - - - - - FishTax 58,132 130,950 100,000 125,000 75,000 Other 297,620 304,411 49,000 182,920 50,000 Total StatelFederal Revenue 507,645 435,361 385,000 543,920 125,000 Other Revenue: Licenses and Permits 84,932 56,632 60,300 61,000 155,300 Ambulance Fees 208,686 212,840 270,000 248,000 248,000 Interest 113,986 275,536 375,000 280,000 430,000 Other 686,635_ 881,787 755,300 861,100 778,535 Total Other Revenue 1,094,239 1,428,705 1,480,600 1.450,100 1,611,835 Total Revenue 7,440,704 7,865,000 7,974,400 8,321,520 8,368,235 Transfers From Other Funds Charges to other funds 971,600 1,026,264 1,011,800 1,011,800 998,000 Capital Projects /Special Rev. 69,368 - - - - Enterprise 54,801 - 34,000 34,000 10,000 Trust Fund 12,492 14,211 12,000 7,000 6,800 Total Transfers 1,108,261 1,040,475 1,057,800 1,052,800 1,014,800 TOTAL REVENUES AND TRANSFERS 8,548,965 8,905,475 9,032,200 9,374,320 9,383,035 E XP E N DITU RES(APP ROP RIATIONS General Government 1,486,056 1,586,460 1,759,785 1,999,323 1,840,506 Public Safety 3,419,293 4,262,592 4,424,797 4,531,894 4.751,506 Public Works 1,471,479 1,753,030 2,247,737 2,403,180 2,254,893 Parks, Rec. & Cultural 1,004,449 1,106,777 1,221,071 1,262,955 1,245,981 Total Opsrafing Expenditures 7,381,277 8,708,859 9,653,390 10,197,352 10,092,886 Operating(deficit)/Surplus before transfers 1,767,688 196,616 (621,190) (823,032) (709,851) Transfers to Capital Projects - - - - - Other Transfers or Non Operating 29,934 75,601 34,500 386,048 26,850 Total Transfers and Non Operating 29,934 75,601 34,500 386,048 26,850 Total Expenditure/AppropriaYlon 7,411,211 8,784,A60 9,687,890 10,583,400 10,119,736 Total DeficiY/Surplus 1,137,754 121,015 (655,690) (1,20$080) (736,701) 7% 6% 5% Projected lapse - - 675,737 611,841 504,644 Adjusted (Defcit)lSurplus 1,137,754 121,015 20,047 (597,239) (232,057) Beginning Fund Balance 8,202,634 9,340,388 9,369,071 9,461,403 8,864,164 Ending Fund Balance 9,340,388 9,461,403 9,389,118 8,864,164 8,632,107 Encumbrances (215,446) (196,531) (200,000) (200,000) (200,000) Reserves and Designations (2,631,989) (2,801,691) (3,354,885) (2,706,667) (2,984,840) Unres. Undeslgnated Fund Balance $ 6,492,953 $ 6,463,181 $ 5,834,233 $ 5,957,497 $ 5,447,267 BUDGET PROJECTION -GENERAL FUND Projection Projection Projection FY 2008 FY 2009 FY 2010 TOTAL ASSESSED VALUE $ 457,530,000 $ 471,255,900 $ 485,393,577 MILL RATE 4.50 4.50 4.50 REVENUE Property Tax $ 2,161,829 $_ 2,226,684 $ 2,293,485 Sales Tax 5,100,000 5,253,000 5,410,590 State Revenue: Revenue Sharing//PERS Funding - - - Safe Communities and Muni. Asst. - - - Fish Tax 100,000 100,000 100,000 Other 55,000 55,000 55,000 Total State Revenue 155,000 155,000 155,000 Other Revenue Licenses and Permits 50,000 50,000 50,000 Ambulance Fees 200,000 200,000 200,000 Interest 375,000 375,000 375,000 Other 750,000 750,000 750,000 Total Other Revenue 1,375,000 1,375,000 1,375,000 Total Revenue 8,791,829 9,009,684 9,234,075 Transfers From Other Funds Charges to other funds 1,027,940 1,058,778 1,079,954 Capital Projects - - - Enterprise 10,000 75,000 75,000 Trust Fund 15,000 22,000 30,000 Total Transfers 1,052,940 1,155, 778 1,184,954 TOTAL REVENUES AND TRANSFERS 9,844,769 10,165,462 10,419,028 EXPENDITURES/APPROPRIATIONS General Government 1,969,341 2,107,195 2,170,411 Public Safety 5,084,111 5,439,999 5,603,199 Public Works 2,412,736 2,581,625 2,659,077 Parks, Rec. & Cultural 1,333,200 1,426,524 1,469,320 Total Operating Expenditures 10,799,388 11,555,346 11,902,006 Operating(Deficit)lSurplus before transfers (954,619) (1,389,884) (1,482,978) Transfers to Capital Projects - - - Other Transfers or Non Operating 26,000 26,000 26,000 26,000 26,000 26,000 Total Expenditure/Appropriation 10,825,388 11,581,346 11,928,006 Total DefciUSurplus (980,619) (1,415,884) (1,508,978) Projected lapse 539,969 577,767 595,100 Adjusted (Deficit)lSurplus (440,650) (838,117) (913,878) Beginning Fund Balance 8,632,107 8,191,457 7,353,341 Ending Fund balance 8,191,457 7,353,341 6,439,463 Encumbrances (200,000) (200,000) (200,000) Reserves and Designations (2,822,338) (2,898,099) (3,008,300) Unreserved Undesignated Fund Balance $ 5,169,120 $ 4,255,242 $ 3,231,163 pity f3f KEnai Fiscal 1(ear 2007 operating Budget Budget Projection Fund 10: Water and Sewer Fund Revenues Usage Fees Hook-up Residential Water Commercial Water Residential Sewer Commercial Sewer Total Usage Fees Miscellaneous Revenues Penalty and interest Spec. Asmnt. Principal Sale of Assets Interest earnings Other Total Miscellaneous Revenues Total Revenues Expenditures Water Department Sewer Department WastewaterTreatment Plant Dept. Total Expenditures Contribution To/(From) Fund Balance Projected lapse (6%) Adjusted (Deficit}/Surplus Beginning Fund Balance Original Administration Actual Budget Projection Recommended FY 2005 FY 2006 FY 2006 FY 2007 $ 2,100 $ 1,500 $ 5,000 $ 5,000 286,601 315,700 317,800 317,800 128,063 157, 300 140,000 140,000 820,475 921,760 920,600 920,600 350,885 424,480 387,700 387,700 1,588,124 1,820,740 1,771,100 1,771,100 29, 912 18, 000 18, 000 18, 000 20,925 22,000 22,000 - 48,174 33,000 65,000 40,000 3,002 2,500 2,500 2,500 102,013 75,500 75,500 60,500 1, 690,137 1,896,240 1, 846,600 1,831, 600 390,545 650,368 653,332 603,761 205,225 312,248 313,248 483,741 612,800 717,967 719,527 706,176 1,208,570 1,6$0,583 1,686,107 1, 793,678 481,567 215,657 160,493 37,922 - 100,835 252,916 107,621 316,492 413,409 145,543 686,574 1,133,181 1,208,834 1,622,243 Residual Equity Transfers 40,693 Ending Fund Balance $ 1,208,834 $ 1,449,673 $ 1,622,243 $ 1,767,786 U c U N m U ~ C t(J N ~_ ` ~ ~ N ~ O (6 `- 7 N a U a~i a U ~ C Q N w O L 6 m C ~ R Q C L C G d .g m` U ~ a ~ U' y ~ m m ~ ~ U ® Q C ® N N (0 fp _~ ~ ~ ~ ~ > °8 ~9 ~ tee U ~ oco.-oco~ ~- O V' t+') N C SIN M ti ^ ~ SIN .- N!~ N O pj O p `- p M ~ p G NIo10101~1°IMI~ININ -Icolr.lmlo~ o .-ILL-~.- mcoco~o~wwwwa~ rnrnrnrnrnwrnrno~o~ O O O O O O O O O In 0 0 e9' O C (O C' O V N C9 f~ W O O r N M et l(7 W fO W X00 m06107 O) W W O> O O O) O O O fA X A U 69 -~ rn 0 =~.+~~_ PUBLIC NOTICE a~/ xrx asxn The Kenai City Council will hold budget work sessions on the following dates: . Tuesday, May 2, 2006 -- 6:00 p.m. • Thursday, May 4, 2006 -- 6:00 p.m. (if necessary) The work sessions will take place in the City Council Chambers at 210 Fidalgo Avenue, Kenai. The public is invited to attend. Contact the Kenai City Clerk's office a4 210 Fidalgo Avenue, Kenai, 283.7535, extension 231 with questions. Carol L. Freas, City Clerk D/211 ~~ ~~;~, ~ ~~ Carol Freas From: Carol Freas Sent: Tuesday, April 11, 2006 1:12 PM To: Denise Reece (E-mail) Subject: Budget work sessions Work Session orm for Paper.do. Hi Denise, Yet another ad -- for publication on Sunday, April 30 and Tuesday, May 2, 2006. Let me know if there are any problems. Thanks. Carol L. Freas Kenai City Clerk Phone: (907) 283-7535, ext. 231 Fax: (907) 283-5068 email: cfreasC~ci.kenai.ak.us