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City of Fostoria

Introduction. Budget overviewGF Revenue summaryGF Expenditure summaryHistorical trendsHighlights of significant changes. Budget Context. Economic outlook guardedProject 6% revenue growth over 2006 budget estimatesAmbitious budgetGeneral Fund 4.5% above actual FY 2005 expenditures. Where do t

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City of Fostoria

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    1. City of Fostoria 2007 Budget in Brief

    2. Introduction Budget overview GF Revenue summary GF Expenditure summary Historical trends Highlights of significant changes

    3. Budget Context Economic outlook guarded Project 6% revenue growth over 2006 budget estimates Ambitious budget General Fund 4.5% above actual FY 2005 expenditures

    4. Where do the revenues come from?

    5. Revenue summary

    6. Revenue History

    7. Where are the monies spent?

    8. Expenditure summary

    9. Expenditure History

    10. Significant Changes Administration: Hiring a Personnel Director Litigation expected to be concluded ($30,000 decrease from estimated ’06 expenditures) Contract Negotiations expected to be concluded ($50,000 decrease from estimated ’06 expenditures)

    11. Non Department Projected Budget Increases: Increase in Utilities: Increase of 5.4% in electric Increase of 29.8% in heating gas Increase of 40% in fuel Increase of 12.7% in health insurance for covered employees Increase to 13.85% for Ohio Public Employees Retirement Plan

    12. Police Department Increase of $177,162 (over 2005 expenditures) 25 Sworn Uniformed Officers 4 Full-Time & 2 Part-Time Dispatchers 2 Full-Time Clerks

    13. Fire Department Increase of $312,186 (over 2005 expenditures) 23 Full-Time Firefighters 1 Part-Time Clerk

    14. Recreation Increase of $70,091 (over 2005 expenditures) Continued funding of Water Park Continued funding of Park & Recreation Director

    15. Enterprise Funds Focus remains on Clean Water Compliance Invest revenue from CWC Fee Wastewater & CSO improvements will be dictated by the US EPA and Ohio EPA Review of Cost of Service Study report Establish reserves of 25% to 35% Invest in a new Vactor

    16. Information Technology: Needs: New Communications Tower Internet access and e-mail capability for all city departments Computer software upgrades Financial Tax (e-file) Utility Billing

    17. Budget Strategy Continue to closely monitor revenues and control expenditures Augment Contingency Fund Invest for the future With the goal to reduce Fostoria’s Municipal Income Tax Rate

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