Accounting Details• We show transfers as a separate line below personnel, operating

expense, and capital outlay so true cost of the department before transfer will be reflected.

• 50% of Finance, IT, HR, Construction Manager, and Legal Department to Enterprise Fund

• 15% of Mayor’s Office personnel (except Mayor) to Enterprise Fund• City Hall cost split with all departments in building according to square

footage

• Definition of “total” budget can vary depending on inclusion of carry forward. This presentation often excludes carry forward in order to represent the “new” budget.

• Inclusion of “Use of fund balance” balances the total budget. It is generally not used in the revenue graphs to highlight the new sources of revenue. Use of fund balance offsets carry forward or is for one-time capital projects selected to be spent from amounts saved in the fund balance. Used for Enterprise Fund depreciation (non-cash).

City of Meridian – Total FY2013 Budget $ 80,186,803

Total Budget increased $14 million over FY2012 $12.5 million due to increase in capital and carry forward.

Percent of Change Year Over Year Personnel + 2% Operating +7%

(mostly 1X items + depreciation)

Capital + 78% Carry Forward + 59%

Enterprise Operating includes depreciation increase of $1.46 million year over year

Enterprise Fund FY2013 Budget - $41,102,374Comparisons to FY2012 Final Budget- $28,717,266

• Total Budget Increased 43%

• Operating cost Increased 8% without depreciation it decreased 10%

– Removed $1.2 million dollars in consulting funds

– Added $1.46 million in depreciation

– $615,140 + Enhancements and One-Time Operating

– No change in other line items

• Capital Increased 131% and is 39 % of the entire Enterprise Fund Budget

• Carry Forward Capital increased 8%

• Budget will be reduced when actual Carry Forward is calculated at year-end. FY2012 Carry forward reduced almost $3 million dollars

FY2013 Enterprise Fund Discretionary Revenue

• $11.3 million dollars available for enhancements after calculation of base budget. • Total revenue minus total operating (not including depreciation) $10.3 million• $10.3 million income plus $ 5.7 million fund balance used to cover all capital• $5.4 million dollars fund balance used for FY2012 carry forward

FY2013 Enterprise Fund New Revenue and Carry Forward Calculation

Enterprise Fund Personnel and Operating Enhancement Request - $ 874,149

2 FTE Administrative Support Admin & Electrician WWTP

Plans/Studies $410,000 (irrigation, source water master plan, aquifer recharger)

Water FY2013 New Capital - $6,890,000WWTP FY2013 New Capital - $8,741,000

Water Main Replacement - $1 Million Dollars

Well Treatment (brown water/quality) - $1.2 Million Dollars

Ground Reservoir - $3 Million Dollars

Land Acquisition North Meridian Reservoir/Booster/Well Site - $500,000

Water FY2013 New Capital - $6,890,000

WWTP FY2013 New Capital - $8,741,000

Plant Improvements (odor control, NPDES permit preparation, plant upgrades, system efficiencies) - $4,606,000

Lab Expansion - $500,000

WWTP Admin Building - $730,000

Reclaimed Water - $180,000

Sewer and Mainline Replacements/Extensions - $2,725,000

General Fund FY2013 Budget - $39,174,429Compared to FY2012 Final Budget - $37,098,426

Increase in Carry Forward represents $1.6 million of the $2.7 million dollar change – Parks carrying forward $3 million + for maintenance building.

Personnel increased 2%, 1.5 new positions and 1% salary adjustment, Police step plan

Operating increased 7%, 1X increase of $600,000 to make a payment to Rural Fire District for station #5, increase building inspector fees for increase in development activity

$722,006 for replacement, vehicles and computers

FY2013 General Fund Discretionary Revenue

• $1.5 million dollars available for enhancements after calculation of base budget and capital replacements

• $2 million dollars of fund balance used per capital improvement plan.

• $5.5 million dollars of fund balance used for FY2012 carry forward.

FY2013 Budget Estimated General Fund Revenue

Moderate 2% growth forecast for economic growth related revenue streams like sales tax, building permits, and new construction property tax.

Revenue has been fairly flat-lined the last three years

Short and long term revenue forecasts ignore growth spurts

Election to take allowable property tax increase made with respect to; Ability to finance 5 and 10 year Capital

Improvement , Replacement, and Maintenance Plan

Support current level of service Handle costs pushed to City by other

government agencies Changes in made by the Federal and

State government, i.e. Changes to property tax statutes, changes to health insurance

Ten Year Look Forward

FY2013 Property Tax Existing foregone amount is

$1,144,265 and will not be requested.

Taxable Value increased 4% (not 8.5% as presented in May preliminary report to Council)

Numbers are still preliminary levy rate goes from .004420897 (2011) to .004549708 increase of .00007264 or $7.26 per $100,000

Property Tax Components that make up $20.5 Million Dollars in Property Tax

New Construction Value of $127 million = $570,000 property tax revenue

Annexation revenue = $2,941 Base Increase = $580,000

Tax Burden Split 2011 (last year)

Residential = 57.46% Commercial = 42.54%

Property Tax Shifts due to HB645 & HB519

These two exemption categories alone change our levy rate from .00441684 to .00454971

Legislative Tax Changes Exemptions

Tax Year 2012 2011 2010 2009Speculative Land (645)Exempted Market Value $65,472,609 $69,094,874 $57,348,649 $45,800,110Levy Rate 0.004549708 0.004477068 0.004089997 0.003493281 Tax Revenue $297,881 $309,342 $234,556 $159,993Site Improvements (519)Exempted Market Value $69,990,144

Levy Rate 0.00454971

Tax Revenue $318,435

Reduction in Taxable Value 2012 Shift in Property Tax 2009 -2012$135,462,753 $1,320,207

Residential Property

• Homeowner exemption lowered from $92,040 to $83,974 impacts homes with value over $167,948.

• Median sales price for home in Meridian Quarter ending July 12, 2012 was $159,952 increase of 2.5% for the year.

• Average listing price for week ended August 8th, 2012 was $245,727.

City of Meridian Change in Levy Rate %2012 2011 Change

West MeridianAssessed Value $148,400 $146,660 1%Home Owners Exemption $74,350 $73,863Taxable Value $74,050 $72,797Levy Rate 0.004550 0.004477 2%Tax $337 $326 $112008 Value $233,600 5 Yr % Value Chg -36%

South MeridianAssessed Value $205,600 $204,900 0.34%Home Owners Exemption $83,974 $92,040Taxable Value $121,626 $112,860Levy Rate 0.004550 0.004477 2%Tax $553 $505 $482008 Value $289,100 5 Yr % Value Chg -29%

West MeridianAssessed Value $245,000 $241,200 2%Home Owners Exemption $83,974 $92,040Taxable Value $161,026 $149,160Levy Rate 0.004550 0.004477 2%Tax $733 $668 $652008 Value $336,600 5 Yr % Value Chg -27%

Central MeridianAssessed Value $108,600 $110,500 -1.72%Home Owners Exemption $54,300 $55,250Taxable Value $54,300 $55,250Levy Rate 0.004550 0.004477 2%Tax $247 $247 $0

General Fund FY2013 Budget Request

• Personnel Enhancement Request - $140,422 1.5 FTE• Operating Enhancement Request - $14,132• 1 X Operating Enhancement Request– $916,369• Administrative Budget Transfer to Enterprise Fund - $1,753,739

• North Meridian Planning Public Outreach - $30,000

General Fund Community Development Department FY2013 Budget Request

General Fund Administration FY2013 Budget Request

• Total Replacement and Enhancement Request - $687,256

• Public Information Officer

• Additional emergency power back-up for City - $170,000

• Street Light Enhancements including partnership with MDC for split corridor - $132,000

• IT replacement servers and computers - $237,472

General Fund – Parks and Recreation FY2013 Budget RequestEnhancement Request - $739,028

• Maintenance Shop - $2.6 Million –

– FY2012 Budget Amendment for $1 Million Dollars

– FY2011 Budget $1.5 Million

– Field House - $600,000 removed from FY2013 Request

– Other Project Savings - $50,000

• Impact Fees - $368,859 Settlers Village Ph #2/Borup Property

• Pathways - $100,000• Split Corridor /Median -

$165,400• Kleiner Park - $87,400

General Fund – Public Safety FY2013 Budget RequestEnhancement Request - $2,884,342

• Replacement Capital Police -

$243,500

Fire - $90,800

• Fire – reimburse Rural Fire $600,000 collected in impact fees for Station #5

• Police - $2 Million Dollars set aside toward public safety training center

• Police - $80,000 for 2 additional fleet cars

City of Meridian FY2012 Budget Amendment

August 21, 2012

City of Meridian FY2012 Budget Amendment

City of Meridian FY2012 Budget Amendment

City of Meridian FY2012 Budget Amendment

City of Meridian FY2012 Budget Amendment

City of Meridian FY2012 Budget Amendment

• Summary of major FY2012 Amendments• General Fund – 31 Amendments - $1,214,774

– Parks Maintenance Facility - $1,050,000– Contracted Legal Expenses - $155,000– Borup Property Land Purchase - $93,000– Assistant City Clerk - $50,863– Carry forward Adjustment to Actual - ($453,782)

• Enterprise Fund – 7 Amendments – ($3,117,611)– Carry forward Adjustment to Actual - ($2,969,926)– Public Works Inspector III - $98,651

City of Meridian FY2012 Budget Amendment

City of Meridian FY2012 Budget Amendment

City of Meridian FY2012 Budget Amendment

• Any Questions

Prepared by the City of Meridian Department of Financial Management and Planning

For More Information call City Hall

at 888 – 4433, email us at skilchenmann@meridiancity.org or check out our City of Meridian website at www.meridiancity.org – Finance Department