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Budget Budget PresentationPresentation
20092009City of CohoesCity of Cohoes
November 6, 2008November 6, 2008
Van Schaick Neighborhood Van Schaick Neighborhood WatchWatch
Budget / Finance GuidelinesBudget / Finance Guidelines
ExpendituresExpenditures Limit Public Safety Expenditure Increases Limit Public Safety Expenditure Increases
to Inflationto Inflation No New BenefitsNo New Benefits Keep Services Expenditure Increases to Keep Services Expenditure Increases to
Below InflationBelow Inflation
RevenuesRevenues Minimize Property Tax IncreasesMinimize Property Tax Increases Conservative Revenue EstimatesConservative Revenue Estimates
Fund Balance/Future PlanningFund Balance/Future Planning Continue to Build Fund Balance to 5% Continue to Build Fund Balance to 5%
Target to Improve Bond Rating and Target to Improve Bond Rating and Protect against Rainy DaysProtect against Rainy Days
Budget 2009 Budget 2009 RevenuesRevenues
No proposed increases in major No proposed increases in major revenue accountsrevenue accounts
Minimum increase in sales taxMinimum increase in sales tax
Mortgage tax decreasing with fewer Mortgage tax decreasing with fewer sales and refinancingsales and refinancing
No increase in State Aid expectedNo increase in State Aid expected
Budget 2009Budget 2009General FundGeneral Fund
12% Increase in Health Insurance 12% Increase in Health Insurance in 2009in 2009
No increase in State aid projectedNo increase in State aid projected No layoffs of City workforceNo layoffs of City workforce
Dealing with Current IssuesDealing with Current Issues Increasing Energy CostsIncreasing Energy Costs Increasing Fuel CostsIncreasing Fuel Costs Increasing Rock Salt CostsIncreasing Rock Salt Costs
General FundGeneral Fund
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
$9,000,000
$10,000,000
Salaries Health Insurance Debt Service Retirement Other
2008 2009
General FundGeneral Fund
Salaries49%
Health Insurance13%
Debt Service6%
Retirement6%
Other26%
Annual Energy CostsAnnual Energy Costs
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
2006 2007 2008 2009
Gasoline Diesel Heat & Electricity
Budget 2009Budget 2009General FundGeneral Fund
2.81 % Tax Rate Increase2.81 % Tax Rate Increase
Average home ($80,000 assessed) Average home ($80,000 assessed) increase $36.00 in City Taxesincrease $36.00 in City Taxes
Decrease 1.5 FTE positions in Decrease 1.5 FTE positions in City HallCity Hall
Water FundWater Fund 8% Rate increase ($12/Qtr for average user)8% Rate increase ($12/Qtr for average user)
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Salaries Health Insurance Debt Service Retirement Other
2008 2009
Water FundWater Fund
Salaries22%
Health Insurance6%
Debt Service35%
Retirement4%
Other33%
Decreasing Water UsageDecreasing Water Usage
500470
520490
442 429410
428
0
100
200
300
400
500
600
2000 2001 2002 2003 2004 2005 2006 2007
Gal
Use
d (
mil
lio
ns)
Gal Used (millions)
Water Fund cost driversWater Fund cost drivers
Decreasing water useDecreasing water use
Increased chemical costIncreased chemical cost
Increased energy costIncreased energy cost
Dept. of Health and EPA mandatesDept. of Health and EPA mandates
Debt ServiceDebt Service
Sewer FundSewer Fund 8% Rate Increase ($12/Qtr for average user)8% Rate Increase ($12/Qtr for average user)
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Salaries HealthInsurance
Debt Service Retirement Albany CountySewer District
Long TermControl Plan
Other
2008 2009
Sewer FundSewer FundSalaries
10%Health Insurance
3%
Debt Service16%
Retirement2%
Albany County Sewer District
43%
Long Term Control Plan5%
Other21%
Albany County Sewer District Albany County Sewer District ChargesCharges
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
2001 2002 2003 2004 2005 2006 2007 2008 2009
Albany County Sewer District Total Sewage Treatment Costs
Sewer Fund Cost DriversSewer Fund Cost Drivers
Albany County Sewer District Albany County Sewer District chargescharges
MS4 mandatesMS4 mandates
Long Control Plan study - Long Control Plan study - $100,000$100,000
Pump Station ImprovementsPump Station Improvements
Overall BudgetOverall Budget Total Budget is $21,600,559 over all Total Budget is $21,600,559 over all
FundsFundsGeneral FundGeneral Fund $17,570,271$17,570,271Water FundWater Fund $1,917,661$1,917,661Sewer FundSewer Fund $2,112,627$2,112,627
Increase expenses of $625,953 or Increase expenses of $625,953 or 2.90%2.90%
General FundGeneral Fund $561,826 or 3.30% $561,826 or 3.30%Water FundWater Fund $41,654 or 2.20% $41,654 or 2.20%
Sewer FundSewer Fund $22,473 or 1.1% $22,473 or 1.1%
CPI-U = 5.6% for 2008CPI-U = 5.6% for 2008
City of CohoesExpenditure Level Change from 2002 to 2012
2002 Actual, 2012 Projection8 October 2008
-40%
-20%
0%
20%
40%
60%
80%
100%
120%
140%
160%
57% -25% 152% 43% 18% 14% -32% 32%
Public Safety Debt Service BenefitsPublic Works &
RoadsRecreation
General Government
Other Inflation
City of CohoesCumulative Year-End Fund Balance
2010, 2011, 2012 ProjectionsProperty Tax: 0% Annual Increase
8 October 2008
-$3,000,000
-$2,500,000
-$2,000,000
-$1,500,000
-$1,000,000
-$500,000
$0
$500,000
$1,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Fund Balance Target (5%)
City of CohoesCumulative Year-End Fund Balance
2010, 2011, 2012 ProjectionsProperty Tax: 4% Annual Increase
8 October 2008
-$1,500,000
-$1,000,000
-$500,000
$0
$500,000
$1,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Fund Balance Target (5%)
City of CohoesCumulative Year-End Fund Balance
2010, 2011, 2012 ProjectionsProperty Tax: 8% Annual Increase
8 October 2008
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Fund Balance Target (5%)
Budget Conclusions Budget Conclusions
There are obstacles to overcomeThere are obstacles to overcome Projections are conservativeProjections are conservative Continued concern of impact on Continued concern of impact on
the taxpayers vs. the cost the taxpayers vs. the cost to provide services with an eye to provide services with an eye towards the current and future towards the current and future financial condition of the City.financial condition of the City.
The budget process is an ongoing The budget process is an ongoing process and this is just the start.process and this is just the start.
Budget VoteBudget Vote
Tuesday Nov 11th at Tuesday Nov 11th at 7pm7pm
Common Council Common Council ChambersChambers
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