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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 10/09/2007 - CONTINUED DISCUSSION REGARDING THE CITY MANAGER'S DATE : October 9 , 2007 WORK SESSION ITEM STAFF : Darin Atteberry FORT COLLINS CITY COUNCIL Mike Freeman SUBJECT FOR DISCUSSION Continued discussions regarding the City Manager' s Recommended 2008-2009 Budget. GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED 1 . Are there changes which Council wishes to make in the Recommended Budget before it considers the Appropriation Ordinance? 2 . Review of unfunded budget items listed by Council at September 25 Work Session for possible inclusion in the Final Budget. Are there additions Council would like to make to the Appropriation Ordinance to be considered on October 16? How would Council direct staff to cover these cost changes? BACKGROUND On September 25 , City Council and staff met in work session to continue reviewing the 2008 -2009 City Manager' s Recommended Budget. In addition to gathering information regarding the proposed budget, Council developed a list of unfunded offers (both one-time and on-going) that it may wish to consider funding during the 2008 -2009 Budget cycle. In order to add these items to the final budget, Council acknowledged that it would need to either eliminate other offers from the recommended funding list, or add some additional revenues to the budget. Attachment 1 includes a list of the offers which Councilmembers mentioned as possible funding additions . Offers are sorted into three categories, including offers that were made as one-time offers requiring only one-time funds, offers which were offered as on-going offers, but which could be funded or partially funded via one-time funds, and offers which would require the commitment of on-going revenues . On-going offers generally include the addition of staff or other on-going commitments that are not typical of one-time offers . The total of offers specifically mentioned by Councilmembers during the September 25 work session is $2 . 9 million in 2008 and an additional $ 1 . 9 million in 2009 for a total of over $4. 8 million during the budget term. In the 2008 -2009 City Manager' s Recommended Budget, several possible additional funding sources were outlined. The proposed budget does not assume the use of any of these funding sources, but they were outlined for Council ' s consideration. Additional revenues could include the use of additional General Fund reserves, additional vendor fee revenues or changes in the development review charges for Building Permit Fees . These additional funding sources could yield a variety of levels of new funding, depending on City Council ' s decisions . October 9 , 2007 Page 2 L Use of Reserves The Council Finance Committee will be reviewing the City ' s current policies regarding General Fund reserves at its Monday, October 8 meeting. Recommendations for appropriate reserve levels based on accounting standards and regional practices will be discussed. Further discussion of reserves and possible one-time funds for 2008 -2009 budget uses will be discussed at the work session, depending on the outcome of Finance Committee work. The 2008-2009 Recommended Budget already includes the planned use of approximately $3 million of General Fund reserves. Staff does not recommend the further use of General Fund reserves for either one-time or on-going expenses . 2. Vendor Fee Modifications A second alternative for increasing available resources for the 2008-2009 Budget is a modification to the City ' s current Vendor Fee for sales and use tax licensees . The proposed modification could result in $390,000 of on-going additional revenue being available for General Fund uses . This change would not increase taxes or fees charged, but rather lower the amount of City sales and use taxes that vendors would be allowed to retain in exchange for the service they provide in collecting City taxes . History The vendor fee is a service fee that is retained by sales tax licensees in recognition of their work in collecting the City' s sales and use taxes . The fee was originally established to acknowledge that merchants incurred a cost for collecting sales taxes including accounting work and the completion of paper forms for remitting the sales tax collection. With increasingly automated accounting processes, the cost incurred by vendors has decreased as their "point of sale" software makes these calculations for the vendor. In the past, the vendor fee has been paid at different rates . The original vendor fee of 3 % with no cap was first changed in 1989 . The 1989 change limited vendors to 3 % of the first $3 ,000 in sales tax they collected, plus I % of all taxes thereafter. The vendor fee was further reduced in April 2004 to the current formula with a cap of $ 90 per reporting period. The current vendor fee allows licensees to keep 3 % ($90) of the first $3 ,000 of sales tax collected during each reporting period as a service fee for collecting the tax. The fee may be taken only if the return is filed and paid on time. In order to keep the full vendor fee of $90 each reporting period (monthly/ quarterly /annually), a vendor must reach at least $ 100,000 in net taxable sales . Generally, the top 250 vendors reach the $90 vendor fee cap each month. There are approximately 9 , 800 active sales tax licenses . Less than 5 % of vendors reach the sales volume needed to keep the full vendor fee each month. Over time, the changes in the vendor fee have resulted in businesses retaining a smaller amount of City sales and use tax as a service fee. The following chart illustrates the history of the vendor fee taken by businesses : October 9 , 2007 Page 3 Vendor Fees Paid to Licensees 2001-2006 1 ,000,000 8M000 - N 600,000 - 0 400 . 000 200,000 2001 2002 2003 2004 2005 2006 Year Recommended Change to the Vendor Fee Currently, approximately $700,000 is kept each year by businesses as a vendor fee. Staff is proposing that the vendor fee could be further reduced to 1 %, yielding approximately $390,000 of additional revenue available to the City General Fund. The proposed vendor fee would allow vendors to keep 1 % ($45 ) of the first $4, 500 in tax collected. Vendors would keep approximately $310 ,000 annually, which would result in the City realizing a greater share of the actual sales and use tax collected. This does not change the sales tax rate that residents pay, but rather recoups a greater amount of it from the vendors who collect the taxes on the City' s behalf. Vendor Fee Distribution $900,000 $7007000 $800,000 $280,000 $5007000 $400,000 hk Ir"q $300,000 $93,000 $200,000 $M000 -7 0 $1007000 SL17,OOD Current Vendor Fee Proposed Vendor Fee ❑ All other Vendors 0 Tap 25D Vendors October 9 , 2007 Page 4 The top 250 vendors currently keep 40% of the total vendor fee. The proposed vendor fee would allow these vendors to keep 30% of the total. Thus, more than 9,000 vendors with active sales tax licenses will keep a greater share of the vendor fee under the proposed changes . Comparison of Proposal to Other Municipalities In reviewing the proposed vendor fees of other regional municipalities, the City of Fort Collins revised fee would be approximately average . Others have higher fees, while several neighboring communities pay no fee to vendors. The chart shows the vendor fees of comparable cities compared to the recommended vendor fee for Fort Collins. Vendor Fee 1 Boulder . 00% 2 Greeley . 00% 3 Lakewood . 00% 4 Pueblo . 00% 5 Aurora D . 50% 6 Denver . 50% 7 Fort Collins . 00% 8 Colorado Springs 2 . 00% 9 Westminster . 50% 10 Arvada . 00% 11 Centennial . 00% 12 Longmont . 00% 13 Thornton . 00% 14 Grand Junction 0. 33% 15 Loveland 0. 33% 3. Development Review Fee Changes The City is currently in the process of reviewing all of its development fees, including building permit fees, plan checking fees, general development review fees, and transportation development review fees (TDPF) . A consultant is currently reviewing both the structure and amount of various fees and is expected to make a number of recommendations on changes to fee structure and policies . The City' s general policy has been to recover approximately 80% of the cost of development review via fees . Changes to the current fee structure are likely to be proposed for implementation in the coming months . At this time, no proposals have been developed or reviewed with interested parties such as the development community. Though the comprehensive review of fees is not yet complete, staff can foresee that some of these fees are likely to increase . For example, the City ' s building permit fees have not been updated since 1982 because they had been in line with the goal of recovering 80% of costs . Over recent years, the City ' s entire cost recovery performance has fallen below the 80% target, suggesting a needed update in permit fees . Also, in comparing Fort Collins ' building permit fees to those of a limited number of neighboring communities, Fort Collins ' fees are consistently lower. Staff proposes that an interim adjustment to this specific fee could be made, pending the completion of the complete fee study. The adjustment would increase the City' s cost recovery for the permitting service. October 9 , 2007 Page 5 Staff proposes a small increase in fees that would result in fees still remaining lower than Larimer County and the City of Loveland, yet still yielding approximately $200,000 in additional revenue which would off-set the current General Fund subsidy of this service. ATTACHMENTS 1 . City Council Offers for Funding Consideration, September 25 Work Session. Attachment I City Council Offers for Funding Consideration September 25, 2007 Work Session Request Ongoing or Offer Number Result Area Offer Name 2008 Cost 2009 Cost One-time One Time Only 166.1 Environmental West Nile--fully fund $ 14,156 ongoing partially funded in 2008 only;2009 funded 127.3 Transportation Enhanced Travel Corridor--North College $ 200,000 one time 126.2 Transportation Transfort Strategic Operating Plan Update $ 100,000 one time Either year,prior to'rransportation Master Plan 138.1 Transportation eCommerce Implementation--Parking Service $ 44,000 one time 221.1 Neighborhood Eastside/Westside Neigh.Plan updates $ 171,000 one time n/a Environmental Hazardous Waste Disposal Facility (Estimate ONLY) $ 200,000 ?? Staffdoes not have an estimate ofeither the one-time or ongoing cost 30.4 High Pert.Govt. Network Services--Network Equipment(Voiee overlP) $ 88,850 $ 83,000 one time 2 one-time offers,Possibly thru telecomm fund for pomnO $ 918,006 $ 83,000 One Time Possible 2033 Neighborhood Enhancement of Human Services Grant Prog. $ 100,000 S 100,000 ongoing partial,total request=S210,000 year 186.1 Safe Community Traffic Calming(fund pilot?) $ 550,000 $ 550,000 ongoing Fund a pilot project! 184.2 Transportation Sign Replacement Program $ 39,000 ongoing Ongoing protect,first year funding included in 20091dec.Hudget 88.16 Transportation Street Design&Const. Stds Suppt.&Maint. $ 5,000 $ 5,000 ongoing 88.6 Transportation Pedestrian Access--Enhancement $ 275,000 $ 325,000 ongoing 203.2 Neighborhood Partial Restoration of Affordable Housing Fund $ 250,000 $ 200,000 ongoing 211.2 Neighborhood Neighborhohood Sevices--Grant Enhancement $ 5,000 $ 5,000 ongoing $ 1,223,000 $1,185,000 Ongoing 139.8 Safe Community PFA South Battalion $ 664,616 $ 506,424 ongoing 1801,one time capital,balance ongoing,3-6 coon lead lime 167.1 High Perf Govt. Sustainable City Government $ 67,151 $ 69,048 ongoing 213.1 High Perf Govt. Development Review Center--Innovative Tech $ 121,600 $ 12,600 ongoing 211.3 Neighborhood Neighborhood Services--Code Enforcement $ 17,500 $ 17,500 ongoing 93.1 Neighborhood Neighborhood Parking Pilot program $ 28,735 $ 21,205 ongoing 222.1 Environmental Development Review Center--Green Building $ 22,000 $ 12,000 ongoing onetime start-up;balance ongoing $ 921,602 $ 638,777 Grand Total $ 2,962,608 $1,906,777