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FY 2011 Budget Overview

FY 2011 Budget Overview. Presentation to Town Council Town of Herndon, Virginia April 13, 2010 www.herndon-va.gov. FY 2011 Budget Overview. Budget Overview Town Council Priorities General Fund Overview Enterprise Funds Overview Capital Improvements Program Summary. Budget Overview.

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FY 2011 Budget Overview

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  1. FY 2011 Budget Overview Presentation to Town Council Town of Herndon, Virginia April 13, 2010 www.herndon-va.gov

  2. FY 2011 Budget Overview • Budget Overview • Town Council Priorities • General Fund Overview • Enterprise Funds Overview • Capital Improvements Program • Summary

  3. Budget Overview $42,252,600 – all funds • $33,688,030 – General Fund • $8,563,970 – Enterprise Funds

  4. Budget Overview • Increase of $1,123,815 or 2.7% from adopted FY 2010 budget of $41,128,785

  5. Budget Overview • Assessed value of real property: $3,288,699,460 • Real Property Assessed Value, decreased $596 million - 15.3% • Existing residential property decreased - 7.8%, overall residential decreased - 5% • Commercial property decreased - 23.4%

  6. Budget Overview • Residential properties 48% of real estate value/commercial properties 52%

  7. Budget Overview Real Estate Tax Rate • Increase ¾ of one cent from $0.26 to $0.2675 per $100 assessed value • Increased tax rate necessary to offset decreased assessments - $0.3109

  8. Budget Overview One Penny of Real Estate Tax Rate - equivalent to $328,900 in revenue FY 2007 $434,800 FY 2008 $472,945 FY 2009 $475,616 FY 2010 $388,465 FY 2011 $328,900

  9. Budget Overview Average Residential Property Value - $257,539

  10. Budget Overview

  11. Budget Overview Residential Property Assessment Number0/0 of Total • Increased Assessments 450 7.5% • No change 572 9.5% • Decreased Assessments 4,968 83%

  12. Budget OverviewMeals Tax • Increase from 1.5% to 2.0% • ½ percent = $348,100

  13. Budget Overview

  14. Budget OverviewMeals Tax Fiscal YearAmount Collected 2005 $1,010,413 2006 $1,077,313 2007 $1,169,591 2008 $1,167,976 2009 $1,103,744 2010 (estimated) $1,044,400 2011 (proposed) $1,392,500

  15. Budget Overview Other Proposed Tax & Fee Changes • Vehicle Decal Fee • $25.00 for vehicles weighing 4,000 lbs or less • $32.00 for vehicles weighing more than 4,000 lbs • $12.00 for motorcycles • Recycling Fee - established in June 1991 • Increase from $2.50/quarter to $4.00/quarter

  16. Budget Overview Other Taxes • Transient Occupancy Tax - $2,094,700 • Communication Sales and Use Tax - $1,798,880 • Bank Stock Tax - $215,590 • Cigarette Tax - Remains at $0.50 - $291,000 • Personal Property Rate • Remains at $0.00 per $100 assessed value

  17. Budget OverviewTransient Occupancy Tax Comparison County LocalOverlayTotal Alexandria 6.5* 0 6.50* Arlington 5.25 0 5.25 Fairfax City 4.0 0 4.00 Fairfax County 2.0 2 4.00 Falls Church 5.0 0 5.00 Herndon 6.0 2 8.00 Leesburg 6.0 0 6.00 Loudoun 5.0 0 5.00 Vienna 3.0 2 5.00 *+$1.00/room/night

  18. Town Council Priorities • Implement Downtown Area Master Plan • Implement master planning for Herndon Metrorail Area Study • Continue to reduce excessive occupancy in residential neighborhoods

  19. Town Council Priorities • Continue implementation of the 2027 Vision Plan Goals and Objectives within financial resources • Implement economic development taskforce • Implement Phase II downtown streetscape • Support improved transportation outside the western boundary to include the Rt. 28, Dulles Toll Road area improvements • Other CIP projects – storm drainage, Herndon Parkway intersection study

  20. Town Council Priorities • Promote preservation and enhancement of neighborhoods through Neighborhood Inspection Program and Rental Inspection Program • Continue advancement of neighborhood improvements • Station Street • Wood, Oak, Nash, Pearl Streets • Obtain grants and alternative funding options for transportation, police and park facilities

  21. Town Council Priorities • Seek more financial sustainability of Parks and Recreation as an enterprise operation • Policy – 65% recovery • FY 2010 estimate - 71% recovery • FY 2011 projected – 75% recovery • Streamline town functions and examine efficiencies while minimizing impacts on service levels

  22. General Fund Overview • Recommend: $33,688,030 • Increase over adopted FY 2010 budget: $1,507,750 or 4.7%

  23. General Fund OverviewExpenditures (Recurring) • Personnel, operations & maintenance, minor capital and debt service - $29,045,290 • 3.5% less than adopted FY 2010

  24. General FundRecurring Expenditures • FY 2007 $29,823,605 11.01% • FY 2008 $30,987,204 3.90% • FY 2009 $31,668,526 2.20% • FY 2010 $30,496,680 -3.70% • FY 2011 $29,045,290 -3.50%

  25. General Fund Overview (Reimbursements and Grants) • State fire insurance taxes - $60,580 • Gang Task Force Grant - $131,200 • ICAC Grant - $96,000 • Police services (Section 599) - $568,620

  26. General Fund Overview (Reimbursements and Grants) • Street maintenance - $1,411,040 • DMV, Litter control & other mini-grants -$54,720 • Fairfax County - $200,730 • NRC - $114,730 • Housing Rehabilitation Specialist - $86,000

  27. General Fund OverviewExpenditures (Capital) • Total capital: $4,453,000 • Includes $4,171,600 in General Fund interfund transfers to fund CIP and IT programs • Recommends spending$2.140 M in bond proceeds and capital lease purchase • $200,000of General Fund undesignated fund balance • $240,000 of capital projects fund undesignated fund balance • Reallocate the $50,000 in reserves for additional police retirement benefits to fund special police equipment

  28. Budgeted Use of Available General Fund Undesignated Fund Balance Fiscal Year Budgeted Actual Undesignated Budget AmountFund Balance – June 30 FY 2003 $676,185 $6,552,305 FY 2004 $595,022 $5,804,224 FY 2005 $726,699 $5,439,713 FY 2006 $963,718 $5,032,926 FY 2007 $773,725 $5,505,291 FY 2008 $833,949 $5,065,689 FY 2009 $853,768 $5,572,879 FY 2010 $104,150 $5,468,729 (projected) FY 2011 $200,000 $5,268,729 (projected)

  29. General Fund OverviewExpenditures (Debt Service) Recommends General Fund debt service expenditures of $2,517,750

  30. General Fund Overview Operations & Maintenance • Reduce general operating expenditures • Eliminate after-school teen club • Eliminate summer concert series • Reduce entertainment at July 4th Celebration • Eliminate the fall clean-up • Close the recycling center • Extend interior painting cycle for town buildings • Combine youth services and crime prevention initiatives

  31. General Fund Overview Operations & Maintenance • Elimination of some events in FY 2011 • Big Truck Days • National Night Out • Senior and Youth Police Academies • Neighborhood College

  32. General Fund Overview Operations & Maintenance Recommends grant funding for following non-profit organizations: • Council for the Arts of Herndon: $18,000 • Elden Street Players: $22,000 • Herndon Community Television: $74,000 • Herndon Dulles Visitors Center: $32,000 • Herndon Elementary School: $500 • Herndon High School PTSA: $500 • Herndon High School Band: $500 • Herndon Middle School Band: $500 • Kids at Hope: $4,000 • Sister Cities International: $500

  33. General Fund Overview • Capital Equipment • Two police vehicles – CMAQ funding • Tandem dump truck – CMAQ funding • Snow blower – lease/purchase • Backhoe – lease/purchase • Police communication equipment and radios

  34. Personnel – all funds • Recommend funding 264 regular positions • No new positions • Eliminate 13 vacant positions • Freeze five vacant positions • Freeze two vacant positions for 6 months • No market rate adjustment or cost-of-living adjustments • No pay-for-performance increases

  35. Personnel – all funds Eliminated Positions – General Fund • Associate Community Inspector Community Development • Office Assistant III/Administrative Clerk Community Development • Naturalist Parks and Recreation • Office Assistant III (p/t) Parks and Recreation • Program Coordinator (Gang Task Force) Police • Police Officer Police • Neighborhood Building Inspector Public Works • Sign/Signal Technician Public Works (Traffic) • Utility Equipment Operator I Public Works (Grounds) • Utility Equipment Operator/Truck Driver Public Works (Refuse) • Office Assistant II (p/t) Town Attorney • Office Assistant II (p/t) Finance-Water & Sewer • Utility Equipment Operator II Water & Sewer

  36. Personnel – all funds Frozen/Unfunded Positions • Planner II Community Development • Senior Accounting Technician Finance • Police Officer (2 positions) Police • Assistant Crew Supervisor Public Works (Refuse)

  37. Personnel – all funds • Continue to monitor overtime to essential or emergency needs • Freeze educational assistance program • 10.1 percent increase on health insurance premiums – shared cost between Town and employees

  38. Enterprise Funds Overview Water & Sewer Fund Recommend: $6,418,530 Increase from adopted FY 2010 budget: $156,464 or 2.5%

  39. Enterprise Funds Overview Water & Sewer Fund • Sewer Service Rate • $3.72/1,000 gallons of water consumption • Peak rate $1.70/1,000 gallons water consumed in peak range • Sewer Lateral Repair and Replacement Program remains at $2/year • Sewer Availability Fee • Remains at $6,250

  40. Enterprise Funds Overview Water & Sewer Fund • Water Service Rate • $2.90/1,000 gallons of water • Water peak rate $3.50/1,000 gallons of water consumed in peak range • Water Availability Fee • Remains at $4,200

  41. Enterprise Funds Overview Water & Sewer Fund • Includes $75,000 for sewer main reconstruction • Includes $50,000 for water component replacement • Includes $30,000 for water meter replacement

  42. Enterprise Funds Overview Water & Sewer Fund Includes $241,000 to provide for progress payment to Fairfax County for additional 1 MGD (million gallons/day) water capacity

  43. Enterprise Funds Overview • Golf Course Fund • Recommend: $1,438,850 • Decrease from adopted FY 2010 budget: $510,639 or • 26.2% • All expenses funded through users’ fees - Not taxpayer dollars • Rates adopted by Town Council on 3/9/2010

  44. Enterprise Funds Overview • Chestnut Grove Fund • Recommend: $692,040 • Decrease from adopted FY 2010 budget: $29,760 or 4.1%

  45. Enterprise Funds Overview Downtown Parking Fund Provides $15,150operations and maintenance of Station Street and James Building surface parking lots and monthly lease payments.

  46. Capital Improvements ProgramGeneral Fund Overview • Wood, Oak, Nash, Pearl Improvements – 1M • Station Street Improvements – 1.466M • Downtown Streets Improvements-Phase 2 - 290k • Herndon Parkway Intersections – 500k • Dranesville Road Improvements – 450k

  47. General Fund OverviewCapital Improvements Program • Sidewalk Construction Program – 45k • Storm Drain Improvements – 25k • General Services Vehicles/Equipment - 282k • Information Technology - 195k • Buildings Major Maintenance – 200k

  48. Budget provides for financial and operational efficiencies and effectiveness while reducing cost, but maintaining overall quality of service Continues implementation of 2027 Vision Plan goals and objectives Provides continued capital improvement expenditures to advance capital projects and long term planning initiatives Summary

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