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City of Oak Ridge FY 2013 Budget Overview

City of Oak Ridge FY 2013 Budget Overview. By: Mark S. Watson, City Manager Janice E. McGinnis, Finance Director. 2013 Budget Assumptions. Retention of current $2.39 property tax rate Retention of a minimum fund balance of $5,000,000 in General Fund

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City of Oak Ridge FY 2013 Budget Overview

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  1. City of Oak RidgeFY 2013 Budget Overview By: Mark S. Watson, City Manager Janice E. McGinnis, Finance Director

  2. 2013 Budget Assumptions • Retention of current $2.39 property tax rate • Retention of a minimum fund balance of $5,000,000 in General Fund • Municipal salaries include a pay adjustment of 1.5% • Approval of President’s Day as additional City holiday • Incorporation of new Waterworks rates and scheduled rate changes for Jan. 1, 2013 • New Utility debt estimated at $9M to be issued during the budget year

  3. General Fund Appropriation and School Operation Transfer Oak Ridge Schools Operating Transfer $14,629,302 General Fund Appropriation $19,453,250 General Fund Appropriation and School Operation Transfer Remain at 2012 Levels Maintaining $2.39 Property Tax Rate

  4. 2013 Positional Changes • 9 Positions Added in Fiscal 2013 Budget due to the EPA Administrative Order • A 3-position Pump Maintenance Crew starts in September 2012. • Hiring of a 6-position MOM Gravity Line Crew has been delayed to January 2013. • 2013 Budget Reflects Departmental Restructurings • Restructurings accomplished while maintaining current position levels.

  5. Major Capital Projects • Woodland Elementary School • Building Repairs - $400,000 • Roane State Community College Contribution • 2nd Installment - $250,000 • Jackson Square (TDOT Grant Match) • Revitalization- $280,000 • Clean TN Energy Grant Program (Grant Match) • Lighting, HVAC, & Insulation Projects - $250,000 • ADA Improvements • Briarcliff Park - $30,000 • Rowing/Marina Improvements • Private Funding Match- $25,000 • Misc. Recreation Maintenance Improvements • Includes ball field lights and pole replacement- $80,000 • Misc. City Maintenance Improvements • Includes Fire Station HVAC - $73,172

  6. 2013 Budget Schedule • May 14, 2012 • School Budget Presentation to Board of Education at 5:30 pm. • Public Hearing and First Reading of City Budget Ordinance at 7:00 pm. • May 24, 2012 • School Board Adoption of School Budget • May 29, 2012 • School Board Chairman to present to Budget Highlights • Public Hearing and Second Reading of City Budget Ordinance

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