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Budget Timetable

Budget Timetable. April 26th FY 2012 Budget Overview Economic Development Budget Fire Department Budget May 10th Police Department Budget Administrative Services Budget Second CDBG Hearing – Jay Oliver May 24th Department of Public Works Constant Yield Tax Hearing June 7th

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Budget Timetable

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  1. Budget Timetable • April 26th • FY 2012 Budget Overview • Economic Development Budget • Fire Department Budget • May 10th • Police Department Budget • Administrative Services Budget • Second CDBG Hearing – Jay Oliver • May 24th • Department of Public Works • Constant Yield Tax Hearing • June 7th • Hotel/Motel Presentations • First Reading of Budget Ordinances • June 21st • Second & Third Readings of Budget Ordinances • Hotel/Motel Council Order

  2. Overall Goal – Eliminate Need for Tax Anticipation Notes • Generate cash from FY 2012 Budget • Refund Suntrust Debt to reduce principal/interest for next few years • Increase collection of outstanding receivables owed to the City.

  3. General Fund Revenue History

  4. Real Property Tax Rate History

  5. Constant Yield Tax Rate

  6. Personal Property Tax Rate History

  7. Assessable Base Summary

  8. Net Tax Gain - $ 183,126

  9. Intergovernmental Revenue

  10. FY 2012 General Fund Expenditures

  11. Sewer Rates – 13 % Increase • Full Year ENR Operating Costs – FY 10 to FY 12 • Sludge Disposal Costs - $ 180,000 increase • Electric Costs – $ 98,965 increase • Chemicals - $ 460,767 increase

  12. ENR Operating Expenses Driving Rates

  13. FY 2012 Personnel Costs • 237 FTE’s (down from 245 in FY 11) • 17 PTE’s (not including summer) • 13 FTE’s (grant funded) • 8 – CFD • 5 – CPD • 35 eligible retirees • Average age – 57 • Average service - 32 • No COLA’s • No Furlough Days • Does not reflect possible CBA changes being negotiated (AFSCME & IAFF)

  14. Health Insurance – 2.1% Decrease

  15. Retirement - $ 208,022

  16. Next Steps • Continue to refine FY 2011 Revised and FY 2012 Proposed Expenditures • Gain Council concurrence on street projects proposed for FY 2012 & FY 2013 • Gain Council concurrence on Hotel/Motel funding at FY 2011 levels ( $ 55,000) • Detailed Budget available at http://www.ci.cumberland.md.us/new_site/

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