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TOWN OF ORONO

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  1. TOWN OF ORONO FY2014 Draft Municipal Budget Presentation June 10, 2013

  2. What Does the Budget Do? Describes the annual proposed plan of work & projects associated costs; Determines the amount of money that needs to be collected from taxpayers to fund municipal services; and Is part of the formula used to establish the tax (or mil) rate.

  3. Components of Tax RateMunicipal Budget • Departmental Operations (Municipal Services) • Proposed Capital Projects (Infrastructure Improvements) • Municipal Debt Obligations (Previously Approved by Council) • Appropriations to Reserve (Saving for Future Capital Needs)

  4. Components of Tax RatePenobscot County Tax Assessment • Separate Budget Process • County Commissioners Adopt Budget • Mandatory Assessment to Penobscot County Towns • Calculated by Valuation-Based Formula

  5. Components of Tax RateRSU #26 Assessment • Separate Budget Process • RSU Budget Meeting (5/27/2014) • Referendum Election to Ratify School Budget Meeting Results (6/10/2014) • Mandatory Assessment

  6. 2015 Proposed Budget

  7. Proposed Tax Rate SummaryFY2015 vs. FY2014 • Municipal Budget $ 99,872 • RSU #26 Assessment $100,277 • Penobscot County Tax $ 17,551 Net Change to Tax Commitment $217,699 (2.24%)

  8. Municipal Budget Components • General Funds • Special Revenue Funds • Tax Increment Financing Funds • Capital Improvement Budget • Special Project (Bond Funds) • Enterprise Funds (WPCF)

  9. Net General Fund Budget is the municipal component of the tax rate.

  10. 2015 Municipal BudgetGeneral Fund Expenditure Summary Up a total of $220,520 (or 3.06%) over FY14 Operations $6,168,883 Self-Funded Programs 91,088 Capital & Reserve 757,178 Debt Obligation 411,167 Contingency 10,000 Total $7,438,316

  11. 2015 Municipal Budget General Fund Revenue Summary Up a total of $36,169 (or 0.99%) over FY14 General Revenue $2,325,428 Self-Funded Programs 91,088 Intergovernmental 877,500 Special Fund Reserves 28,500 Fund Balance Transfer 350,000 Total $3,672,516

  12. 2015 Municipal BudgetNet Summary - (General Fund) Up a total of $99,872 (or 2.84%) over FY14 Operations $2,481,061 Capital & Reserve 728,678 Debt Obligation 411,167 Total $3,620,906

  13. Municipal Budget HighlightsGeneral Fund Operations Maintains Existing Service Levels Reduces Personnel by 50% FTE

  14. Projected FY15 Tax Rate $23.95 per $1,000 Taxable Valuation • Municipal Services 8.73 • School Assessment 14.02 • County Assessment 1.20

  15. Tax Rate ComparisonFY15 vs. FY14 Increase of $0.75/ $1,000 Taxable Valuation • Municipal Services $0.32 • School Assessment $0.37 • County Assessment $0.06

  16. FY15 Tax Rate Calculation Tax Rate = Net Municipal, County & School Cost Assessed Non-TIF District Valuation Loss of $4M in Valuation results in approximately $0.23 of total tax rate increase

  17. Taxpayer Impact (by Taxable Value)FY15 vs. FY14

  18. Capital Improvement FY2015 Budget

  19. 2015 Municipal BudgetCapital Budget Expenditure Summary Up a total of $424,078 (or 50.3%) over FY14 Capital Equipment $349,178 Capital Infrastructure 732,500 Capital Facilities 119,000 Capital Reserve 65,000 Total $1,265,678

  20. 2015 Municipal Budget Capital Budget Revenue Summary Draw on General Fund Taxes up a total of $157,578 (or 26.28%) over FY14 General Taxes $757,178 Reserves 302,500 Trade-In/Surplus Sale 33,000 Grants 173,000 Total $1,265,678

  21. 2015 Municipal BudgetNet Summary - (Capital Budget) Equipment $ 88,178 Infrastructure 532,500 Facilities 71,500 Reserve 65,000 Total $757,178

  22. Municipal Budget HighlightsCapital Projects - Equipment • Fire Engine • Capital Repairs to Fire Chief Vehicle • Police Cruiser • Police Technology Upgrade • Police Firearms Replacement • Public Works Truck (10 Wheeler)

  23. Municipal Budget HighlightsCapital Projects - Infrastructure • Island Avenue Drainage, Street, & Sidewalk • Kelley Road Extension Rehabilitation • Crosby Street Reclaim (Planning/Design) • Fiber Optics Last Mile Project

  24. Municipal Budget HighlightsCapital Projects - Facilities • Birch Street School Pedestrian Footbridge Decking • Library Staff Work Area & Community Room Renovations • Library Landscaping Project • Police Patrol Room Renovation • Public Safety Building Roof

  25. Municipal Budget HighlightsCapital Projects - Reserves • Capital Equipment Reserves • Library Maintenance Reserve

  26. Tax Increment Financing Districts FY2015 Budget

  27. TIF Funds Budget is the budgeted usage and appropriation to Town’s Tax Increment Financing Districts

  28. 2015 Municipal BudgetTIF Funds Summary Projected Revenue $762,070 Budgeted Expenses Economic Dev. Salary 91,581 Contractual 95,572 CEAs 159,868 Debt Service 350,005 Total Budgeted Expenses $697,026 Net Retained in Funds $ 65,045

  29. 2015 Municipal BudgetDowntown & Transit Oriented TIF Fund Summary Projected Revenue $464,115 Budgeted Expenses 439,749 Net Retained in Funds $24,366

  30. 2015 Municipal BudgetMaine Tech Park (SRD) TIF Fund Summary Projected Revenue $37,212 Budgeted Expenses 30,178 Net Retained in Funds $7,034

  31. 2015 Municipal BudgetEnvisioNet TIF Fund Summary Projected Revenue $109,370 Budgeted Expenses 82,505 Net Retained in Funds $26,864

  32. 2015 Municipal BudgetDirigo Pines TIF Fund Summary Projected Revenue $106,173 Budgeted Expenses 106,173 Net Retained in Funds $0

  33. 2015 Municipal BudgetWebster Point TIF Fund Summary Projected Revenue $45,201 Budgeted Expenses 38,421 Net Retained in Funds $6,780

  34. Special Revenue Funds FY2015 Budget

  35. Special Revenue Fund Budget is the budgeted usage and appropriation to Town’s Reserves

  36. 2015 Municipal Budget Special Revenue Fund Budget Summary Appropriations to Fund$ 563,820 Usage of Fund $1,033,305 Net Increase/(Decrease) ($469,485)

  37. Special Projects (Funded by Bond) FY2015 Budget

  38. WPCF Budget Highlights New Public Works Facility $5,625,000 Rehabilitation of Existing Pine Street Parking Lot & Stabilization of the Gully on Pine Street $350,000

  39. Water Pollution Control Facility FY2015 Budget

  40. Departmental Overview The Water Pollution Control Facility (WPCF) operates as a separate proprietary fund. Its operation is funded through revenue derived from user fees, operations, and grants…. Not through the property tax.

  41. WPCF Budget Highlights Maintains Current Service Level Continued Capital Expenditure & Reserve Appropriations Maintains Current User Rates

  42. WPCF – Expense Summary Operations $ 842,611 Reserve Appropriations $ 272,935 Debt $ 506,000 Total Operating Budget $1,621,546 Capital Improvements $325,500 Grand Total $1,947,046

  43. WPCF Expenses – FY14 v. FY13 • Operating Budget ($ 2,471) • Capital Debt ($126,780) • Capital Reserve Funding $147,935 • Capital Budget $ 98,730 • TOTAL CHANGE: $117,414

  44. Sewer User Fees – No Change Consumption Minimum Rate/100 cu ftCharge/Qtr 2010 $4.44 $53.28 2011 $4.54 $54.48 2012 $4.54 $54.48 2013 $4.54 $54.48 2014 $4.54 $54.48 2015 $4.54 $54.48