March 6th power pt. finance

March 6th power pt. finance

• 1.
  March 6, 2014 MacedoniaFinancial Town Hall Meeting Presented By; Scott M. Svab, Finance Director Sylvia Hanneken , Finance Committee Chair
• 2.
  $- $1,000,000.00 $2,000,000.00 $3,000,000.00 $4,000,000.00 $5,000,000.00 $6,000,000.00 $7,000,000.00 $8,000,000.00 2007-2013 Income Tax Revenues Rec.Center Income Tax Revenues Fire Prop. Tax 1 mill Levy Local Gov't Tax (50% State Cut) Inheritance Tax (100% State Cut) Major Revenue Sources
• 3.
  $1,516,173.00 $1,536,373.00 $1,474,973.00 $547,923.00 $550,573.00 $- $200,000.00 $400,000.00 $600,000.00 $800,000.00 $1,000,000.00 $1,200,000.00 $1,400,000.00 $1,600,000.00 $1,800,000.00 City Debt 2014-2018 20142015 2016 2017 2018
• 4.
   A fundused to account for all financial resources that are not restricted for specific purposes or otherwise required to be set aside and accounted for in another fund.  This is the only fund that is required by the Ohio Revised Code for all government entities to have.  Macedonia’s top 3 funds are General, Recreation, and Streets.
• 5.
   These fundsare restricted by law or contractual agreements to specific purposes other than debt service or major capital projects. Examples:  Fund 211 Fire Operating Levy  Fund 212 Vehicle License Tax  Fund 213 Police Pension Fund  Fund 224 Wireless 911 fund
• 6.
  Beginning Balance EndingBalance 2008 936,082.50 $ 1,035,836.60 2009 1,035,836.60 $ 998,967.78 2010 998,967.78 $ 1,755,760.99 2011 1,755,760.99 $ 3,254,286.41 2012 3,254,286.41 $ 2,513,151.20 *adjusted for reserve $500,000. 2013 2,513,151.20 $ 3,278,489.14 2014 3,278,489.14 $2513,151. Projected **Encumbrances are not included. The expenditures for capital improvements in the previous three years averaged $851,075. Major Projects included: -South Bedford Rd. - Sheppard Hills Blvd. -New Police Cruisers -Snow Plow Trucks -Playground Equipment -Pick-up truck (Fire Dept) -Upgrade Computer Server
• 7.
  Mayor Admin 242,979.26 3% Bldg &Maintenance 235,369.60 3% Council 139,876.21 2% Building Dept. 504,490.18 5% Finance & Clerk 339,268.11 4% Health Dept 147,020.42 2% Legal 219,277.96 2% Income Tax 229,213.60 2% Other Depts 310,000.00 3% Mayors Court 217,938.11 2% Fire 1,821,460.33 20% Police 2,517,507.52 27% Dispatch 460,109.18 5% Street Dept 1,150,000.00 12% Debt Payments 713,055.68 8% 2013 General Fund Expense Activity by Departments * Over 52% of General Fund Expenses goes to safety forces.
• 8.
  2013 Personnel Expense (General Fund) $5,706,052.08 General Fund Expense (%) 52% 2013 Operating Expense (General Fund) 5,243,991.08 General Fund Expense (%) 48% 2013 Total General Fund Expense $ 10,950,043.16 2013 General Fund Expenses 52% 48% 2013 General Fund Expenses Personnel Operating
• 9.
  Total Operating Expenses $5,243,991 60% MandatedExpenses Transfer to Parks 5% Transfer to Capital 15% Transfer to Streets 18% Debt 11% Audit & Taxes 11% Other expense 40% Transfer to Parks 310,000.00 Transfer to Capital 1,018,028.00 Transfer to Streets 1,150,000.00 Debt 713,055.68 Tax- Ins. Audit Fees751,524.24 Other Expenses 2,629,411.16 Already Committed to Operating 50% Ea. Year
• 10.
  7,719,978.00, 71% 1,590,007.00, 14% 450,306.00,4% 296,496.00, 3% 296,196.00, 3% 219,584.00, 2% 197,850.00, 2% 100,000.00, 1% 2013 Actual General Fund Revenue Income Tax Real Estate Tax All Mayors Court Revenue Inheritance Taxes EMS Fees Local Govt. Funds Admission Taxes J.E.D.D. Taxes TOTAL GENERAL FUND: $11,811,300
• 11.
  6,400,000.00, 69% 1,590,000.00, 17% 438,110.00, 5% 0.00, 0% 290,000.00,3% 219,000.00, 3% 200,000.00, 2% 100,000.00, 1% 2014 General Fund Estimated Revenue Income Tax Real Estate Tax All Mayors Court Revenue Inheritance Taxes EMS Fees Local Govt. Funds Admission Taxes J.E.D.D. Taxes TOTAL GENERAL FUND: $10,147,898
• 12.
  Mayor Admin 269,981.00 3% Bldg &Maintenance 329,370.00 3% Council 124,564.00 1% Dispatch 475,169.00 4% Finance & Clerk 409,727.00 4% Fire 1,995,372.00 18% Health Dept. Cemetery etc. 560,577.00 5% Legal 219,277.00 2%Income Tax 225,000.00 2% Transfers 550,000.00 5% Mayors Court 239,693.00 2% Police 2,928,778.00 27% Street Dept 1,244,240.00 12% Building Dept. 497,728.00 5% Debt Payments 749,026.00 7% General Fund Expense Activity by Departments
• 13.
  Proposed General Fund Expenses EstimatedRevenues Expenses Exceeding Revenues  Resulting in reduced Carryover to $2.5 million  (reduced income tax revenue, inheritance tax, local Govt. tax)  $10,818,502  $10,147,898  $670,604.00
• 14.
   RTE. 271SIB LOAN $50,000  SNOW PLOW TRUCK LEASE $45,000  RTE. 82 PHASE 1 WIDENING $105,000  SAFETY CENTER ROOF REPLACE $100,000  WAGE CONTRACTS @2% AVG. $103,000 Total $403,000
• 15.
   $670,604.00 2014General Fund Deficit.  $403,000.00 2015 Est. added General Fund Deficit.  $1,073,000.00 2015 Est. Total General Fund Spending. Projected General Fund carryover in 2015 reduced to $1.4 million.
• 16.
   Drawing downGeneral Funds Carryover in 2014-2016.  Safety Center / Rec. Center. Bonds paid off in 2016, reducing annual city debt payments from the General Fund $475,000 and $625,000 from Recreation Fund.  2010 General Fund Bond Payment increases $150,000 a year in 2017.  Recreation Center Construction .25% City Income Tax ends in July 2017. Income tax rates drop to 1.75% in July 2017.
• 18.
   2011 Bond-Rec. Center /City Hall Retires 2016  Approx. Savings $460 K General Fund  Approx savings $615 K Rec. Center Fund  2010 SIB Loan Bond thru 2030 year.  Average Debt graduated $160 K in 2014  to $380 K in 2030.  2003 Highland Rd. Special Assessment. thru 2022  $10 K avg from General Fund  OPWC non Interest loans Special Assessment
• 19.
  CMI ACCOUNT# DepartmentYear 2010 total earnings YEAR 2011 TOTAL ERNGS Year 2012 total earnings Year 2013 total earnings % Change from 2012-2013 101.101.5230 COUNCIL $67,851.34 $70,529.53 $71,659.44 $74,019.01 3% 101.120.5230 MAYOR'S OFFICE $147,707.27 $149,698.89 $151,685.67 $131,157.55 -16% 101.130.5230 FINANCE DEPT $174,886.45 $163,696.80 $175,005.14 $191,952.99 9% 101.140.5230 MAYOR’S COURT $100,735.64 $102,111.15 $106,529.88 $125,464.73 15% 101.150.5230 LAW DEPT $70,599.32 $70,389.80 $72,460.65 $74,676.42 3% 101.170.5230 CUSTODIAN CITY CTR $39,199.33 $35,240.88 $49,201.77 $79,619.82 38% 101.180.5230 BUILDING DEPT $213,700.10 $212,277.33 $220,985.25 $230,863.00 4% 101.201.5230 SERVICE DEPT ADM $162,366.54 $144,113.54 $172,794.98 $126,793.40 -36% 101.210.5230 POLICE DEPT $1,499,068.35 $1,458,554.29 $1,599,399.39 $1,604,394.25 0% 101.222.5230 FIRE DEPT $1,042,140.75 $996,700.35 $1,091,881.82 $1,240,059.80 12% 101.310.5230 DISPATCH $289,291.48 $272,090.61 $246,811.58 $302,525.63 18%
• 20.
  201.350.5230 SERVICE DEPT$569,442.16 $477,038.27 $495,487.09 $515,578.46 4% 201.354.5230 SERVICE MAINT. $106,291.10 $107,457.49 $108,363.63 $114,160.86 5% 201.355.5230 SIGN SHOP $58,817.38 $101,331.08 $53,401.16 $53,145.50 0% 204.203.5230 SERVICE/PARKS $100,141.54 $124,804.22 $124,236.88 $120,686.81 -3% 204.204.5230 PARKS & REC $53,319.78 $53,363.67 $52,338.65 $52,193.49 0% 205.207.5230 RECREATION CTR $479,990.05 $459,257.97 $466,604.78 $465,398.57 0% 211.211.5230 FIRE LEVY $152,240.36 $164,500.36 $185,735.44 $204,765.21 9% Grand Total- 5,327,788.94 5,163,156.23 5,444,583.20 5,707,455.50 2012 $ 5,444,583.00 281,427 5.2% 2013 $ 5,707,455.00 262,872. 4.6% CMI ACCOUNT# Department Year 2010 total earnings YEAR 2011 TOTAL ERNGS Year 2012 total earnings Year 2013 total earnings % Change from 2012- 2013