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Home My WebLink About2013 Ordinance No. 055... • • • BY AUTHORITY ORDINANCE NO. 55" SERIES OF 2013 COUNCIL BILL NO. 50 INTRODUCED BY COUNCIL MEMBER WOODWARD AN ORDINANCE ADOPTING THE BUDGET OF THE CITY OF ENGLEWOOD, COLORADO, FOR FISCAL YEAR 2014. WHEREAS, pursuant to the provisions of Part I, Article X, of the Charter of the City of Englewood, Colorado, a budget for fiscal year 2014 was duly submitted by the City Manager to the City Council on September 6 , 2013 ; and WHEREAS, a public hearing on said budget was held by the City Council within three weeks after its submission at the meeting of the City Council on September 16, 2013. Regular notice of the time and place of said hearing was published within seven days after submission of the budget in the manner provided in the Charter for the publication of an ordinance; and WHEREAS, the City Council of the City of Englewood has studied and discussed the budget on numerous occasions; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO, AS FOLLOWS : Section 1. That the budget of the City of Englewood, Colorado, for fiscal year 2014, as submitted by the City Manager, duly considered by the City Council and with changes made by the City Manager to reflect Council discussion after public hearing, is adopted as the budget for the City of Englewood for the fiscal year 2014. Section 2. GENERAL FUND Total Fund Balance, January 1, 2014 Sales/Use Tax Property and Specific Ownership Tax Franchise/Occupation/Cigarette Tax/Hotel License/Permits Intergovernmental Revenue Charges for Services Cultural & Recreation Fines & Forfeitures Interest Contribution from Component Units Other 1 2014BUDGET $ 8,726,474 Revenues 22,883,003 3,128,000 3,258,500 932,550 1,243,281 3 ,340,803 2,594.232 1,368,450 8,164 638,829 274 300 11 b ii Total Revenues Other Financing Sources Total Sources of Funds Legislation City Manager's Office City Attorney's Offi c e Municipal Co urt Human Re sources Finance and Administrative Services Information Technology Community Development Public Works Police Fire Library Services Parks and Recreation Services Contingencies Debt Service Total Uses of Funds Total Fund Balance, December 31 , 2014 Section 3. SPECIAL REVENUE FUNDS Conservation Trust Fund Fund Balance, January 1, 2014 Revenues Expenditures Fund Balance, December 31, 2014 Connnunity Develo11ment Fund Fund Balance, January 1, 2014 Revenues Expenditures Fund Balance, December 31, 2014 2 ,. • $ 39,670 ,112 1,248,820 $ 40,91 8,932 Expenditures 354 ,570 703,75 8 8 18,514 1,026 ,895 468,826 1,625,150 1,378,942 1,235 ,802 5,504,669 11 ,543 ,760 8,202,319 1,250,536 5,804 ,158 200,000 2 ,008,820 $ 42 ,126,719 $ 7,518 ,687 • $ 88,952 $ 310,000 $ 337,000 $ 61,952 $ -0 - $ 350,000 $ 350 ,000 $ -0- • • • • Donors Fund Fund Balance, January 1, 2014 Revenues Expenditures Fund Balance, December 31 , 2014 Parks and Recreation Trust Fund Fund Balance, January 1, 2014 Revenues Expenditures Fund Balance, December 31 , 2014 Malley Center Trust Fund Fund Balance, January 1, 2014 Revenues Expenditures Fund Balance, December 31, 2014 Open Space Fund Fund Balance, January 1, 2014 Revenues Expenditures Fund Balance, December 31 , 2014 Section 4. DEBT SERVICE FUND General Obligation Bond Fund Fund Balance, January 1, 2014 Revenues Expenditures Fund Balance, December 31, 2014 3 $ 218 ,096 $ 90,000 $ 242,680 $ 65,416 $ 455,947 $ 16,300 $ 365,000 $ 107,247 $ . 244,474 $ 7,000 $ 75 ,000 $ 176 ,474 $ 196,630 $ 665,000 $ 805,630 $ 56,000 $ 38 ,712 $ 1,107,000 $ 1,106,963 $ 38,749 Section 5. CAPITAL PROJECT FUNDS • Public Improvement Fund Fund Balance, January 1, 2014 $ 1,001,427 Revenues $ 3,009,000 Expenditures and Transfers $ 3,190 ,8 20 Fund Ba lance , December 3 1, 2014 $ 819 ,607 Capital Projects Fund Fund Balance, January 1, 2014 $ 78,282 Revenues and Transfers In $ 1,153,000 Expenditures $ 1,151,975 Fund Balance, December 31, 2014 $ 79,307 Sect ion 6. ENTERPRISE FUNDS Water Fund Fund Balance, January 1, 2014 $ 10 ,793,233 Revenues $ 9,076 ,085 Expenditures $ 11,655,110 Fund Balance, December 3 1, 2014 $ 8,214,208 Sewer Fund • Fund Balance, January 1, 2014 $ 1,134,620 Revenues $ 17,414,011 Expenditures $ 17 ,246,403 Fund Balance, December 31, 2014 $ 1,302,228 Storm Drainage Fund Fund Balance, January 1, 2014 $ 972,029 Revenues $ 333,122 Expenditures $ 323,736 Fund Balance, December 31, 2014 $ 981,415 Golf Course Fund Fund Balance, January 1, 2014 $ 599,441 Revenues $ 2,241,398 Expenditures $ 2,626,498 Fund Balance, December 31, 2014 $ 214,341 Concrete Utility Fund Fund Balance, January 1, 2014 $ 338,371 Revenues $ 884,200 • 4 • Expenditures $ 872,162 Fund Balance, December 31, 2014 $ 350,409 Housing Rehabilitation Fund Fund Balance, January 1, 2014 $ 750 ,019 Revenues $ 1,000,000 Expenditures $ 1,000,000 Fund Balance, December 31 , 2014 $ 750 ,019 Section 7 . INTERNAL SERVICE FUNDS Central Services Fund Fund Balance, January 1, 2014 $ 152,509 Revenues $ 388 ,400 Expenditures and Transfers $ 429,699 Fund Balance, December 31 , 2014 $ 111,210 Servicenter Fund Fund Balance, January 1, 2014 $ 1,18 7 ,203 Revenues $ 2 ,561 ,160 Expenditures and Transfers $ 3 ,290,180 • Fund Balance, December 31, 2014 $ 458 ,183 Ca11ital Eguir1ment Re11lacement Fund Fund Balance, January 1, 2014 $ 1,658,7 30 Revenues and Transfers In $ 1,026,894 Expenditures $ 1,760,066 Fund Balance, December 31 , 2014 $ 925 ,558 Risk Management Fund Fund Balance, January 1, 2014 $ 316,137 Revenues $ 1,442,765 Expenditures $ 1,443 ,774 Fund Balance, December 31, 2014 $ 315,128 Emr1loyee Benefits Fund Fund Balance, January 1, 2014 $ 1,961 Revenues $ 6 ,115,186 Expenditures $ 6 ,115,998 Fund Balance, December 31 , 2014 $ 1,149 Section 8. That the said budget shall be a public record in the office of the City Clerk and shall • be open to public inspection. Sufficient copies thereof shall be made available for the use of the City Council and the public, the number of copies to be determined b y the City Manager. 5 lntroduced, read in full, and passed on first reading on the 7th clay of October, 2013. Published by Title as a Bill for an Ordinance in the C it y's official newspaper on the 11th clay of October, 2013. Published as a Bill for an Ordinance on the City's official website beginning on the 9th clay of October, 2013 for thirty (30) clays. Read by title and passed on final reading on the 21 ST day of October, 2013. Published by title in the City's official newspaper as Ordinance No. 56,"'"series of 2013, on the 25th day of October, 2013. Published by title on the City's official website begin11ing on the 23 rd clay of October, 2013 for thirty (30) days. I, Loucrishia A. Ellis, City Clerk of the City of Englewood, Colorado, hereby certify that the above and foregoing is ~e copy of the Ordinance passed on final reading and published by title as Ordinance No . 4::6_,,: Series of 2013. 6 • • • • • • • COUNCIL COMMUNICATION Date Agenda Item Subject October 7, 2013 11 a ii Bill For An Ordinance Adopting the Budget For Fiscal Year 2014 Initiated By Staff Source Department Of Finance and Administrative Services Frank Gryglewicz, Director COUNCIL GOAL AND PREVIOUS COUNCIL ACTION City Council and staff began the 2014 budget process at the April 22 , 2013 Study Session with an overview of the Five Year Forecast and preliminary budget discussion. Council briefl y discussed the 2014 Budget at the July 15, 2013 Study Session. Council re v iewed the 2014 Proposed Budget at the August 26, September 3, and 9, 2013 Study Sessions. As a result of these meetings, City Council provided feedback and requested staff prepare the Proposed 2014 Budget for publi c ation . The 2014 Proposed Budget was made available online September 6, 2013 and then printed and distributed on September 12, 2013. A public hearing regarding the proposed budget was held September 16, 2013 and a follow-up Budget Workshop was held September 23, 2013 . RECOMMENDED ACTION Staff recommends Council approve the proposed bill for an ordinance adoptin g the 2014 City of Englewood Budget. BACKGROUND, ANALYSIS, AND ALTERNATIVES IDENTIFIED The Charter of the City of Englewood requires the City Council to adopt next year's Budget and Appropriation Ordinances no later than thirty days prior to the first day of the next fiscal year to insure there is legal authority t o expend funds. Due to limited growth in the revenue sources available to the City, the 2014 Budget limited expenditures increases as much as possible while limiti ng the impact on the citizens. Many City employees sacrificed to make this budget work by not cashing out personal leave and taking on additional duties to help maintain reserves . City staff and Council worked together to identify fund transfers, expenditure cuts, freezing and/or delay hiring vacant positions, and eliminating some vacant positions during the various budget meetings mentioned above. Total ending 2 014 reserves are estimated at $7,518,687 and the Unassigned Fund Balance is estimated at 9.33 percent of re v enues. FINANCIAL IMPACT The General Fund is budgeting total sources of funds of $40,918,932 and total uses of funds of $42,126,719 leaving a total reserve of $7,518,687 and an Unassigned Fund Balance of 9 .33 percent. The total General Fund appropriation is $42,126,719 for 2014 . LIST OF ATTACHMENTS Proposed bill for an ordinance Market Value Assessment Ratio Assessed Value General Operations Mill Levy Taxes Paid For General Fund Operations Market Value Assessment Ratio Assessed Value Community Center Bond Fund Mill Levy Taxes Paid For General Obligation Bonds Market Value Assessment Ratio Assessed Value Total Mill Levy Total Taxes Paid To City Of Englewood LIST OF ATTACHMENTS Proposed bill for an ordinance $200,000 7.96% $15,920 5.880 $93.61 $200,000 7.96% $15,920 2.244 $35.72 $200,000 7.96% $15,920 8.124 $129.33 • • • •