Page 112 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 2 Financial Analysis
Long Term Forecast Assumptions

FY 2018-2019 PROPOSED BUDGET

GENERAL FUND:

REVENUES AND OTHER SOURCES
Ad Valorem Property Tax ( 13% of total GF revenues)
o Proposed increase from $.13615 to $0.15600 (. 01985 increase per $100 Valuation)
General Fund Proposed $ 0.13201 – Prior Year $ 0.11133
Debt Service Proposed $ 0.02399 – Prior Year $0.02482
o Proposed budget is $ 1.5M; this reflects an increase of $258K ( 20%)

Sales & Use Tax ( 32% of total GF revenues)
o Proposed budget is $ 3.9M; this reflects an increase of $389K ( 11%)
o Because of the uncertainly of the funds, we are conservative with these estimates.
o Includes the Property Tax Reduction portion of the Sales tax receipts
o Includes an economic development situs agreement

Building permits/ inspection/ plan review fees (37% of total GF revenues)
o Budgeted to be $4.4M with $3.6M as one-time revenues from Entrada.
o This represents an increase of $2.2M (103%)
o Residential fees budgeted at $1.1M and Commercial fees budgeted at $3.3M

Franchise Fees ( 8% of total GF revenues)
o Budgeted to be $983K
o Based on current year receipts, fees are budgeted to remain flat.
o Because of the uncertainly of the funds, we are conservative with these estimates.

Transfers In are budgeted to remain flat at $62K; this is comprised of transfers from the Utility
Fund for Fort Worth Impact Fees

TOTAL EXPENDITURES AND OTHER USES
Payroll and Related Expenditures are budgeted at $4.5M
This reflects an overall 7% increase of $287K
o Market band adjustments of $191K are reflected and based on most recent salary
surveys performed by the HR dept. (GF portion is $ 153K)
o Performance Pay of $50K is included ( GF portion is $ 42K)
o Employee Insurance reflects a 30% ($180K) increase. Due to plan increase of 20%
and anticipated changes to employee coverage of approved positions in the prior
year that were unfilled.
o Payroll Transfers in increased $ 58K.
o Transition Court Judge from contract service to part time employee $ 18K
o Transition part time Facilities Clerk to full-time employee $ 26K ( mostly insurance)
o Cost to replace and train Accountant Technician II $ 11K
o Increase car allowances & phone allowances $ 7K
o Add On-call pay to public works employees $ 6K

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