Page 79 - FY 19 Budget Forecast 91218.xlsx

BUDGET ACTION SUMMARY

Tax Increment Reinvestment (TIRZ) Fund
 Decreased Fund Balance by 100.0%
o The city will pay the remaining principle by the end of FY 2017‐18. The remaining
fund balance will be transferred to the General Fund and used to cash fund capital
projects.

Changes in Projected Fund Balance of 10% or more from FY 2016‐17 to FY 2017‐18:

General Fund
 Increased Fund Balance by 13.1%
o The remaining fund balance of the will be transferred from the TIRZ Fund and used
to cash fund capital projects.

Water and Wastewater Fund
 Increased Fund Balance by 24.3%
o 18% rate increase was approved for FY 2016‐17
 The first full rate adjustment in ten years
 The rate adjustment included full pass‐thru rate adjustment whereas prior
pass‐thru rates were 5 year rolling average
 Prior fiscal years reduced the fund balance to below policy requirements
o FY 2016‐17 was a mild summer which resulted in water consumption savings

Information Technology Fund
 Decreased Fund Balance by 11.7%
o The fund is in part responsible for replacement of information technology equipment
and FY 2017‐18 includes a significant number of replacements. The cost allocations
for departments includes a replacement component.

Community Clean‐Up Fund
 Increased Fund Balance by 19.0%
o The fund is related to emergency clean‐up efforts and no expenditures will be made
during FY 2017‐18. Fund balance should continue to grow until an emergency is
declared and clean‐up is required.

The Keller Pointe Fund
 Increased Fund Balance by 19.7%
o FY 2016‐17 included the first rate increase in over three years.
o The rate increase and fund balance growth related to the future cash‐funding of
capital repairs at the Pointe such as the roof and Dectron system.

Debt Service Fund
 Increased Fund Balance by 37.2%
o The city structured the tax rate to allow for growth in the fund balance to comply
with policies and allow for future debt management opportunities.

Tax Increment Reinvestment (TIRZ) Fund
 Decreased Fund Balance by 100.0%
o The city will pay the remaining principle by the end of FY 2017‐18. The remaining
fund balance will be transferred to the General Fund and used to cash fund capital
projects.

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