The URL can be used to link to this page

Home My WebLink AboutReport - Read Before Packet - 10/21/2014 - Power Point Presentation - Agenda Item 18 - 2015-2016 Budget1 City of Fort Collins 2015-2016 Budget October 21, 2014 Council Meeting 2 Reflects Community Needs and Council Priorities as Identified in 2014 Strategic Plan 3 Maintain High Quality Service & Stewardship of City Assets 4 Neighborhood & Community Vitality 5 Environmental & Poudre River Restoration 6 Transit & Mobility 7 Sense of Place 8 Infrastructure 9 Improved Internal Systems & Leveraging Resources 10 Budget Overview ($ Millions) 2013 2014 2015 2016 Operating $ 432.5 $ 451.9 $ 490.0 $ 477.8 Debt 21.2 20.7 21.2 21.4 Capital 31.2 31.4 45.1 36.2 Total City Budget $ 484.9 $ 504.0 $ 556.3 $ 535.4 % Change from Prev Yr 11.8% 3.9% 10.4% -3.8% Net City Budget $ 387.9 $ 401.1 $ 436.9 $ 428.0 % Change from Prev Yr 7.0% 3.4% 8.9% -2.0% General Fund $ 112.9 $ 123.8 $ 129.7 $ 128.6 % Change from Prev Yr 8.3% 9.7% 4.8% -0.8% Keep Fort Collins Great $ 22.7 $ 22.6 $ 26.6 $ 26.8 % Change from Prev Yr 17.0% -0.4% 17.7% 0.8% Adopted Budget Proposed Budget 2015 Growth Largely From One-Time Spending Projects…. Modest Increase in General Fund Spending 11 New Offers to be Included in 1st Reading These Offers will be included for 1st Reading of the 2015-16 Budget based on Council guidance Outcome Offers Funded per Council Direction 2015 2016 Funding Sources CNL 17.1 - Green Street Implementation: Remington Greenway Extension $150 $0 GF - One Time Revenue CNL 101.4 - Additional Medians and Streetscapes Maintenance 200 200 GF - Reserves C&R 22.1 - Trees along Paved Recreational Trails 95 30 Con Trust - Reduced Offer 8.1 C&R 83.6 - Poudre School District (PSD) After School Enrichment 70 70 GF - One Time Revenue C&R 160.7 - EPIC Pool Improvements (previously in BOB 2.0) 1,500 0 GF - Reserves ECON 46.15 - Support CSU Ventures - Advanced Industries Programming 50 50 GF - One Time Revenue ECON 46.17 - Fort Collins Public Access Network Expanded Support 40 40 KFCG Other Comm-Reserves ECON 46.7 - Support Larimer Small Business Development Center 40 40 GF - One Time Revenue ECON 100.6 - Downtown Bathrooms (previously in BOB 2.0) 350 0 GF - Reserves ECON 62.8 - Mountain Vista Subarea Plan Strategic Update 40 0 GF - Reserves Note: $ in thousands and GF = General Fund 12 New Offers to be Included in 1st Reading - continued These Offers will be included for 1st Reading of the 2015-16 Budget based on Council guidance Note: $ in thousands and GF = General Fund Outcome Offers Funded per Council Direction 2015 2016 Funding Sources ENVIRO 47.7 - Enviro Planner & Meeting the Challenge of Zero Waste - 0.5 FTE 53 51 GF - Ongoing ENVIRO 47.9 - Municipal Sustainability Projects - Green to Gold 20 20 GF - Reserves ENVIRO 174.1 - Advanced Waste Stream Optimization 58 350 GF and Utility Reserves SAFE 42.4 - Environmental Project Consultant for Stormwater Projects 0 0 Not Applicable TRANS 2.18 - Bicycle Infrastructure Investments 75 75 GF - Reserves TRANS 25.24 - MAX/BRT Snow Removal 200 200 GF - Ongoing TRANS 141.1 - Transportation Air Quality Impacts Guidance Manual 35 10 GF - Reserves TRANS 165.3 - Safe Routes to School Strategic Traffic Infrastructure Program 100 100 GF - Ongoing TRANS 169.3 - W. Elizabeth Enhanced Travel Corridor Master Plan (previously 18.3) 300 0 GF - Reserves HPG 49.3 - Grant Development Specialist - 1.0 FTE 84 84 GF - Ongoing HPG 53.2 - Telling our Story Offer Video Outreach 35 35 GF - Ongoing $3,495 $1,355 13 Eliminations and Modifications to Offers These Offers have either been removed from the 2015-16 Budget or had the Offer amount reduced. In the latter case, the Offer Narrative has been updated to reflect the modified Offer. Eliminations and Modifications 2015 Amount 2016 Amount Offers Unfunded per Council Direction - 46.3 Economic Health Reserve Fund $ (50) $ (50) - 106.2 USA Pro Cycling Challenge (50) - Offers Reduced per Council Direction 17.1 - Green Street Implementation: Remington Greenway Extension (180) (500) 8.1: Paved Recreational Trail Development (95) (30) 46.17 - Fort Collins Public Access Network Expanded Support (10) (10) 47.9 - Municipal Sustainability Projects - Green to Gold (80) (30) 2.18 - Bicycle Infrastructure Investments (45) (45) 53.2: KFCG ENHANCEMENT: Telling Our Stories Strategic Video (100) (96) 63.6: ENHANCEMENT: On-Street Pay Parking 50 (750) Total Eliminations and Modifications $ (560) $ (1,511) Note: $ in thousands 14 Changes to Funding Assumptions Summary of Changes Changes to Funding Assumptions 2015 Amount 2016 Amount - Use of General Fund 1-time Funding & Reserves 2,830 715 - Use of Increased Sales Tax Forecast 472 470 - Other 193 170 Utilized Changes to Funding Assumptions $ 3,495 $ 1,355 Note: $ in thousands Summary of Changes 2015 Amount 2016 Amount - Recommended Budget Total Appropriations $550.3 $535.0 - Offers Funded per Council Direction 3.5 1.4 - Eliminations and Modifications Subtotal (0.6) (1.5) - Other changes (transfers, etc.) 3.1 0.5 Proposed Budget Total Appropriations $556.3 $535.4 15 2015-16 Biennial Budget Balanced and Fiscally Prudent Budget that Addresses Multiple Community and Council Priorities • Strengthens key services related to transportation, police, fire, parks & recreation • Enhances community priorities such as the environment, social sustainability, transit, key city infrastructure and investment in neighborhoods • Continues the commitment made to voters who approved the Keep Fort Collins Great sales tax increase in 2010 • Includes smart, long-term investments in the future including the Poudre River, Southeast Community Park, and the Old Town Square Renovation 16 Questions?