HomeMy WebLinkAboutCouncil Packet - 2/27/2019Council Work Session
February 27, 2019
Time indicated below
Harold E. Getty Council Chambers
Roll Call.
Approval of Agenda, as proposed or amended.
5:00 p.m. Discussion of the FYE2020 budget.
Submitted By: Kelley Felchle, City Clerk
ADJOURNMENT
Kelley F elchle
City Clerk
CITY OF WATERLOO
Council Communication
Discussion of the FYE2020 budget.
City Council Meeting: 2/27/2019
Prepared:
REVIEWERS:
Department Reviewer Action Date
Clerk Office Fa:lite, Kelley .Approved 2/25/2019 M
ATTACHMENTS:
Description Type
• Budget Ch.an.ge in Cost B ack up M aerial
• Property Tax. R.eventik: from Additional Valuation B ack u.p M aterial
• roperty Valuation F Y1.12020 Bat.:°I-up Material
SUBJECT:
Submitted by:
Recommended Action:
Summary Statement:
Expenditure Required:
Source of Funds:
Policy Issue:
Alternative:
Background Information:
Discussion of the FYE2020 budget.
Submitted By: Kelley Felchle, City Clerk
Y
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City of Waterloo Prepared By KBahr 2125119
FYE2020 General Fund
Published Budget Change In Cost From FY19
% of Total
Amount Change From
Prior Year Tax Levy
Property Taxes FYE2019 (Excl. Debt Svc & Lib, Incl. Excise Tax, Grout) 31,645,356 23,526 1 cent on the levy raises this much
General Fund Personal Services increases (decreases):
Salaries & longevity 458,264 1.46% Includes avg 2.75% raises, step increases, longevity
Remove hiring delays included in FYE19 Certified Budget 190,041 0.60%
Add 1 police officer 69,946 0.22%
Add 1 mechanic 59,322 0.19%
Add 1 planner 55,702 0.18%
Increase in Personnel Costs Charged to Grants (52,702) -0.17%
Increase Overtime 16,000 0.05%
Increase Part Time Labor (5,138) -0.02%
Police & fire overtime, doubletime & bonus pay 95,000 0.30%
Misc, overtime, doubletime & bonus pay 0.00%
Payroll taxes 73,630 0.23%
Employee sick and casual payouts 6,373 0.02%
Retirement payouts 26,709 0.08%
Other misc personnel increases (decreases) 0
Health insurance 494,086 3.18% 1,995,552 0.84822 Personnel increases excl.
Retiree health insurance 42,017 fire & police pension
Reduce use of health insurance fund balance 466,302 1,002,405
Police Pension (92,429)
Fire Pension (80,780) (173,209) -0.55% 1,822,343 0.7746 Total personnel increases
Subtotal - Personnel Increases 1,822,343 5.76%
2/27/2019 4:51 PM
K:IUSERSIMICHELLE-W\Budget FYE201FY20 BUDGET _PublishethComparison to FYE19
A B C D E F I GI HI I 1 J K 1
2 City of Waterloo Prepared By KBahr 2125119
3 FYE2020 General Fund
4 Published Budget Change In Cost From FY19
5 % of Total
6 Amount Change From
7 Prior Year Tax Levy
36 Contractual Services and Commodities:
37 Airport - 22,236 0.07%
38 Attorney - Increase in Legal Services 200,000 0.63%
39 Building Insp - decrease expenses (127) 0.00%
40 Clerk Finance - Elections 60,000 0.19%
41 Cultural Arts - Decrease in Expense 12,000 0.04%
42 Fire - Increase 113,237 0.36%
43 Fire - Training Center 1,500 0.00%
44 INRCOG Dues 1,368 0.00%
45 Library - 0 0.00%
46 Health Services (75,000) -0.24%
47 Human Rights - 0 0.00%
48 Human Resources - 0 0.00%
_49 Leisure Services - Univ Ave 17,000 0.05%
50 Leisure Services Golf - Decrease in Sales Tax (2,716) -0.01%
51 Leisure Services .- Sports & Youth - Decrease Expenses (394) 0.00%
52 Leisure Services Young Arena - Decrease 0 0.00%
53 MET - Increase in Requested Funding 71,603 0.23%
54 Mayor - Increase 10,000 0.03%
55 MIS 0 0.00%
56 Planning 15,744 0.05%
57 Police - Increase Expenses 61,635 0.19%
58 Various Depts - Decrease In Other Expenses 0 0.00%
59 0.00%
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61 Subtotal - Contractual Services and Commodities Increases 508,086 1.59% 2,330,429 0.99057 Total all expense increases
62
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2/27/2019 4:51 PM
K:IUSERSIMICHELLE-W1Budget FYE201FY20 BUDGET_Publishedl Comparison to FYE19
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\USERSIMICHELLE-WWBudget FYE201FY20 BUDGET_ Published\ Comparison to FYE19
Property Tax Revenue from Additional Valuation
NE Site Increment Released
Full Increment
Less Amount Required for FYE2020
40,838,503
(1,066,982)
Released Value 39,771,521
New Taxable Growth - non -TIF 17,588,128
Total New Growth 57,359,649
At Published Rate $ 18.18879 1,043,303
At $17.82237 $ 17.82237 1,022,285
At Prior Year Levy $ 17.45595 1,001,267
K:\USERS\MICHELLE-W\Budget FYE20\Property Tax Revenue from Additional Valuation.xlsx Sheetl
TOTAL ASSESSED VALUES
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TAXABLE INCREASE NE- ROLLBACK
VALUES OF ROLLBACK INCREASE
PROPERTY CLASS (DECREASE) (DECREASE),
RESIDENTIAL 1,400,102,962 0 32,618,632
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`LESS: MILITARY CREDIT (5,436,059)
SUBTOTAL 2,532,422,658
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:ADD: TIF
AGLAND
TOTAL
FYE2020 Rollback Factors = Residential 56.9180%, Commerc
00%, Multi -Residential 78.75% and Agland 54.4480%
FYE2019 Rollback Factors = Residential 55.6209%, Commercial 90.00%, Industrial
ions Separate.
Property Valuation\Valuation G
:1USERS\MICHELLE-