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City of Mesa
FY 201011 Budget
April 5 2010
Presented by the Budget amp Research Office
eraquoc(J)
I) lii~ altC 0 _ltmesamiddotaz CDr(J) 3middot CD o CD N CII _JO CII(0 lt5 g
City of Mesa All Funds FY 200910 Final Budget - $11378
All Other Restricted amp
Funds $1100
uti IitiesiEnterprise__ Fund
$2870
General Governmental Ops amp Mainl
$3184
General Fund Grants Debt Svc
Capital amp Contingency
$1456
Transportation Restricted Funds
$1002
2
-0raquo SQQ)=-Ec ~ ~ l~ r-N 3 _(J1 ggt 0(1) NCigt _JoCigt
to 0 g
General Governmental Operations amp Maintenance FY 200910 Final Budget - $3184M
Finan~lal SrvIC $18M Englnng $31M G~I hrvlc $UM WIlliams Gateway $31M Town Cnter Dev 13M All Othr Service $I2M
Community $126U
Planning $20M Cod Complnca $10M Community Aid S29M Nalghborhood 8rv $21M Building Safety OM
Note Exclude vnu and dlture Itad to capital dbt bullbullrvlc grant bullbull contingency and trlcted ae fund bull
bull Revnu are proportionately -ogtgtSQ II) 0 callocated to fund dbt rviC ccll)c (l) 9- =ltcontlng~cy and non-grant capita cgt3J1ggtappropriationbull o (l) 1)(1)-3 o
Judicial $119M co og
3
General Fund Revenue FY 200910
FY 08109 FY 09110 FY 09110 FY 09110 Actual Budget Revised Budget vs Revised
City Sales Tax $ 108690264 $ 109366000 $ 99990000 $ (9376000) -86 State Sales Tax 35651937 34450000 30721000 (3729000) 108 Vehicle License Tax 15622813 12772000 15574000 2802000 219 Licenses amp Pennita 10223883 8915000 7765000 (1150000) -129 Charges for Services 16494657 19760000 17253000 (2507000) -127 Finesmiddotmiddotamp Forfeitures 12431371 12629000 11037000 (1592000) -126 Urban Revenue Sharing 66268144 57852000 57852000 00 Miscellaneous Revenues 6989228 7151000 6334000 817OOO~ -114
Total $ 272372297 $ 262895000 $ 246526000 $ (16369000) -62
L TAF I Lossmiddotmiddot $ (900000)
Excludes grants and land sales FY 0809 updated with final year end information -0 gt gt II) -0 cLocal Transportation Assistance Fund losses were netted against Light Rail Fare lt2 ~ ~ WT-
Recovery - it netted to zero and did not add to the deficit for 200910 Igto3J1g4 o ro N (I)_lo(l)
ltoo~r
FY 091 0 vs FY1 011 General Fund Revenue Comparison
FY 0910 FY 1011 FY 0910 FY 1011 Revised Projected Revised vs Projected
City Sales Tax $ 99990000 $ 106788000 $ 6798000 62 State Sales Tax 30721000 32595000 1874000 54 Vehicle License Tax 15574000 17504000 1930000 151 Licenses amp Permits 7765000 7994000 229000 26 Charges for Services 17253000 18379000 1126000 57 Fines amp Forfeitures 11037000 11026000 (11OOO) -01 Urban Revenue Sharing 57852000 43620000 (14232000) -246 Miscellaneous Revenues 6334000 5403000 931000~ -130 Total $ 246526000 $ 243309000 $ (3217000) -12
LTAF I Loss $ 2000000l Revised Total $ (5217000)
Excludes grants and land sales
~~raquo~ (011100shyltb 9- 2 lt 01 3 _01 ampgt5 OltbN(J) -+ a ~ ~ (O-og
201011 General Fund Budget Shortfall
$ (16369000) Decrease in 0910 revised revenues $ (3217000) Additional decrease in 1011 forecasted revenues $ (19586000) Total decrease in general fund revenues for 1011
$ (2000000) Total L TAF I revenue loss $ (21586000) Revised total loss
-oraquoS ~ lii~ sect (l) g =lt m3-0Iggt6 o (l) (I) -to 3 ~~ co og
General Fund Comparison FY 0506 to FY 0910 Budget
$250000000--------------------------------------shy
$200000000 +1----shy
Community Code Complianoe
$150000000 Commun ity Aid Community Development Neig h borflood amp Human Services Building Safety Planning
$100000000 All Other legislative Executive legal Facilities Maintenanoe City Clerk Economic Development Engineering Financial Services EStreets amp
$ 50000000 +-----1 Cable TV lie General Services Capital ImprovernentampOper Streets Storm Sewer Mass Transit Mesa Gateway Cemetery En ironmental Complianoe Mgmt
$0 J------l
Public Safety Parks Library and Culture Community All Other
Mise Services (J)
OeraquoE I) --0 Ci
lt0 ~ 1lt
Does not include Grants or Capital bull FY 0506 wQOl bull FY 0910 7
ltIlr((J) -J 3 - ltIl o ltIl N g_~ 0 __
- 0ltO O~
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
coo~r
Study S
ession A
pril 5 2010 A
ttachment 1
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pril 5 2010
Atta
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
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pril 5 2010 A
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City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
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Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
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Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
City of Mesa All Funds FY 200910 Final Budget - $11378
All Other Restricted amp
Funds $1100
uti IitiesiEnterprise__ Fund
$2870
General Governmental Ops amp Mainl
$3184
General Fund Grants Debt Svc
Capital amp Contingency
$1456
Transportation Restricted Funds
$1002
2
-0raquo SQQ)=-Ec ~ ~ l~ r-N 3 _(J1 ggt 0(1) NCigt _JoCigt
to 0 g
General Governmental Operations amp Maintenance FY 200910 Final Budget - $3184M
Finan~lal SrvIC $18M Englnng $31M G~I hrvlc $UM WIlliams Gateway $31M Town Cnter Dev 13M All Othr Service $I2M
Community $126U
Planning $20M Cod Complnca $10M Community Aid S29M Nalghborhood 8rv $21M Building Safety OM
Note Exclude vnu and dlture Itad to capital dbt bullbullrvlc grant bullbull contingency and trlcted ae fund bull
bull Revnu are proportionately -ogtgtSQ II) 0 callocated to fund dbt rviC ccll)c (l) 9- =ltcontlng~cy and non-grant capita cgt3J1ggtappropriationbull o (l) 1)(1)-3 o
Judicial $119M co og
3
General Fund Revenue FY 200910
FY 08109 FY 09110 FY 09110 FY 09110 Actual Budget Revised Budget vs Revised
City Sales Tax $ 108690264 $ 109366000 $ 99990000 $ (9376000) -86 State Sales Tax 35651937 34450000 30721000 (3729000) 108 Vehicle License Tax 15622813 12772000 15574000 2802000 219 Licenses amp Pennita 10223883 8915000 7765000 (1150000) -129 Charges for Services 16494657 19760000 17253000 (2507000) -127 Finesmiddotmiddotamp Forfeitures 12431371 12629000 11037000 (1592000) -126 Urban Revenue Sharing 66268144 57852000 57852000 00 Miscellaneous Revenues 6989228 7151000 6334000 817OOO~ -114
Total $ 272372297 $ 262895000 $ 246526000 $ (16369000) -62
L TAF I Lossmiddotmiddot $ (900000)
Excludes grants and land sales FY 0809 updated with final year end information -0 gt gt II) -0 cLocal Transportation Assistance Fund losses were netted against Light Rail Fare lt2 ~ ~ WT-
Recovery - it netted to zero and did not add to the deficit for 200910 Igto3J1g4 o ro N (I)_lo(l)
ltoo~r
FY 091 0 vs FY1 011 General Fund Revenue Comparison
FY 0910 FY 1011 FY 0910 FY 1011 Revised Projected Revised vs Projected
City Sales Tax $ 99990000 $ 106788000 $ 6798000 62 State Sales Tax 30721000 32595000 1874000 54 Vehicle License Tax 15574000 17504000 1930000 151 Licenses amp Permits 7765000 7994000 229000 26 Charges for Services 17253000 18379000 1126000 57 Fines amp Forfeitures 11037000 11026000 (11OOO) -01 Urban Revenue Sharing 57852000 43620000 (14232000) -246 Miscellaneous Revenues 6334000 5403000 931000~ -130 Total $ 246526000 $ 243309000 $ (3217000) -12
LTAF I Loss $ 2000000l Revised Total $ (5217000)
Excludes grants and land sales
~~raquo~ (011100shyltb 9- 2 lt 01 3 _01 ampgt5 OltbN(J) -+ a ~ ~ (O-og
201011 General Fund Budget Shortfall
$ (16369000) Decrease in 0910 revised revenues $ (3217000) Additional decrease in 1011 forecasted revenues $ (19586000) Total decrease in general fund revenues for 1011
$ (2000000) Total L TAF I revenue loss $ (21586000) Revised total loss
-oraquoS ~ lii~ sect (l) g =lt m3-0Iggt6 o (l) (I) -to 3 ~~ co og
General Fund Comparison FY 0506 to FY 0910 Budget
$250000000--------------------------------------shy
$200000000 +1----shy
Community Code Complianoe
$150000000 Commun ity Aid Community Development Neig h borflood amp Human Services Building Safety Planning
$100000000 All Other legislative Executive legal Facilities Maintenanoe City Clerk Economic Development Engineering Financial Services EStreets amp
$ 50000000 +-----1 Cable TV lie General Services Capital ImprovernentampOper Streets Storm Sewer Mass Transit Mesa Gateway Cemetery En ironmental Complianoe Mgmt
$0 J------l
Public Safety Parks Library and Culture Community All Other
Mise Services (J)
OeraquoE I) --0 Ci
lt0 ~ 1lt
Does not include Grants or Capital bull FY 0506 wQOl bull FY 0910 7
ltIlr((J) -J 3 - ltIl o ltIl N g_~ 0 __
- 0ltO O~
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
coo~r
Study S
ession A
pril 5 2010 A
ttachment 1
Page
9 of 9
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pril 5 2010
Atta
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
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Stu
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pril 5 2010 A
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City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
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Study S
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pril 5 2010 A
ttachment 3
Page 10 o
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Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
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X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
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pril S 2
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
General Governmental Operations amp Maintenance FY 200910 Final Budget - $3184M
Finan~lal SrvIC $18M Englnng $31M G~I hrvlc $UM WIlliams Gateway $31M Town Cnter Dev 13M All Othr Service $I2M
Community $126U
Planning $20M Cod Complnca $10M Community Aid S29M Nalghborhood 8rv $21M Building Safety OM
Note Exclude vnu and dlture Itad to capital dbt bullbullrvlc grant bullbull contingency and trlcted ae fund bull
bull Revnu are proportionately -ogtgtSQ II) 0 callocated to fund dbt rviC ccll)c (l) 9- =ltcontlng~cy and non-grant capita cgt3J1ggtappropriationbull o (l) 1)(1)-3 o
Judicial $119M co og
3
General Fund Revenue FY 200910
FY 08109 FY 09110 FY 09110 FY 09110 Actual Budget Revised Budget vs Revised
City Sales Tax $ 108690264 $ 109366000 $ 99990000 $ (9376000) -86 State Sales Tax 35651937 34450000 30721000 (3729000) 108 Vehicle License Tax 15622813 12772000 15574000 2802000 219 Licenses amp Pennita 10223883 8915000 7765000 (1150000) -129 Charges for Services 16494657 19760000 17253000 (2507000) -127 Finesmiddotmiddotamp Forfeitures 12431371 12629000 11037000 (1592000) -126 Urban Revenue Sharing 66268144 57852000 57852000 00 Miscellaneous Revenues 6989228 7151000 6334000 817OOO~ -114
Total $ 272372297 $ 262895000 $ 246526000 $ (16369000) -62
L TAF I Lossmiddotmiddot $ (900000)
Excludes grants and land sales FY 0809 updated with final year end information -0 gt gt II) -0 cLocal Transportation Assistance Fund losses were netted against Light Rail Fare lt2 ~ ~ WT-
Recovery - it netted to zero and did not add to the deficit for 200910 Igto3J1g4 o ro N (I)_lo(l)
ltoo~r
FY 091 0 vs FY1 011 General Fund Revenue Comparison
FY 0910 FY 1011 FY 0910 FY 1011 Revised Projected Revised vs Projected
City Sales Tax $ 99990000 $ 106788000 $ 6798000 62 State Sales Tax 30721000 32595000 1874000 54 Vehicle License Tax 15574000 17504000 1930000 151 Licenses amp Permits 7765000 7994000 229000 26 Charges for Services 17253000 18379000 1126000 57 Fines amp Forfeitures 11037000 11026000 (11OOO) -01 Urban Revenue Sharing 57852000 43620000 (14232000) -246 Miscellaneous Revenues 6334000 5403000 931000~ -130 Total $ 246526000 $ 243309000 $ (3217000) -12
LTAF I Loss $ 2000000l Revised Total $ (5217000)
Excludes grants and land sales
~~raquo~ (011100shyltb 9- 2 lt 01 3 _01 ampgt5 OltbN(J) -+ a ~ ~ (O-og
201011 General Fund Budget Shortfall
$ (16369000) Decrease in 0910 revised revenues $ (3217000) Additional decrease in 1011 forecasted revenues $ (19586000) Total decrease in general fund revenues for 1011
$ (2000000) Total L TAF I revenue loss $ (21586000) Revised total loss
-oraquoS ~ lii~ sect (l) g =lt m3-0Iggt6 o (l) (I) -to 3 ~~ co og
General Fund Comparison FY 0506 to FY 0910 Budget
$250000000--------------------------------------shy
$200000000 +1----shy
Community Code Complianoe
$150000000 Commun ity Aid Community Development Neig h borflood amp Human Services Building Safety Planning
$100000000 All Other legislative Executive legal Facilities Maintenanoe City Clerk Economic Development Engineering Financial Services EStreets amp
$ 50000000 +-----1 Cable TV lie General Services Capital ImprovernentampOper Streets Storm Sewer Mass Transit Mesa Gateway Cemetery En ironmental Complianoe Mgmt
$0 J------l
Public Safety Parks Library and Culture Community All Other
Mise Services (J)
OeraquoE I) --0 Ci
lt0 ~ 1lt
Does not include Grants or Capital bull FY 0506 wQOl bull FY 0910 7
ltIlr((J) -J 3 - ltIl o ltIl N g_~ 0 __
- 0ltO O~
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
coo~r
Study S
ession A
pril 5 2010 A
ttachment 1
Page
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
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pril 5 2010 A
ttach
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Pa
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City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
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Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
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Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
General Fund Revenue FY 200910
FY 08109 FY 09110 FY 09110 FY 09110 Actual Budget Revised Budget vs Revised
City Sales Tax $ 108690264 $ 109366000 $ 99990000 $ (9376000) -86 State Sales Tax 35651937 34450000 30721000 (3729000) 108 Vehicle License Tax 15622813 12772000 15574000 2802000 219 Licenses amp Pennita 10223883 8915000 7765000 (1150000) -129 Charges for Services 16494657 19760000 17253000 (2507000) -127 Finesmiddotmiddotamp Forfeitures 12431371 12629000 11037000 (1592000) -126 Urban Revenue Sharing 66268144 57852000 57852000 00 Miscellaneous Revenues 6989228 7151000 6334000 817OOO~ -114
Total $ 272372297 $ 262895000 $ 246526000 $ (16369000) -62
L TAF I Lossmiddotmiddot $ (900000)
Excludes grants and land sales FY 0809 updated with final year end information -0 gt gt II) -0 cLocal Transportation Assistance Fund losses were netted against Light Rail Fare lt2 ~ ~ WT-
Recovery - it netted to zero and did not add to the deficit for 200910 Igto3J1g4 o ro N (I)_lo(l)
ltoo~r
FY 091 0 vs FY1 011 General Fund Revenue Comparison
FY 0910 FY 1011 FY 0910 FY 1011 Revised Projected Revised vs Projected
City Sales Tax $ 99990000 $ 106788000 $ 6798000 62 State Sales Tax 30721000 32595000 1874000 54 Vehicle License Tax 15574000 17504000 1930000 151 Licenses amp Permits 7765000 7994000 229000 26 Charges for Services 17253000 18379000 1126000 57 Fines amp Forfeitures 11037000 11026000 (11OOO) -01 Urban Revenue Sharing 57852000 43620000 (14232000) -246 Miscellaneous Revenues 6334000 5403000 931000~ -130 Total $ 246526000 $ 243309000 $ (3217000) -12
LTAF I Loss $ 2000000l Revised Total $ (5217000)
Excludes grants and land sales
~~raquo~ (011100shyltb 9- 2 lt 01 3 _01 ampgt5 OltbN(J) -+ a ~ ~ (O-og
201011 General Fund Budget Shortfall
$ (16369000) Decrease in 0910 revised revenues $ (3217000) Additional decrease in 1011 forecasted revenues $ (19586000) Total decrease in general fund revenues for 1011
$ (2000000) Total L TAF I revenue loss $ (21586000) Revised total loss
-oraquoS ~ lii~ sect (l) g =lt m3-0Iggt6 o (l) (I) -to 3 ~~ co og
General Fund Comparison FY 0506 to FY 0910 Budget
$250000000--------------------------------------shy
$200000000 +1----shy
Community Code Complianoe
$150000000 Commun ity Aid Community Development Neig h borflood amp Human Services Building Safety Planning
$100000000 All Other legislative Executive legal Facilities Maintenanoe City Clerk Economic Development Engineering Financial Services EStreets amp
$ 50000000 +-----1 Cable TV lie General Services Capital ImprovernentampOper Streets Storm Sewer Mass Transit Mesa Gateway Cemetery En ironmental Complianoe Mgmt
$0 J------l
Public Safety Parks Library and Culture Community All Other
Mise Services (J)
OeraquoE I) --0 Ci
lt0 ~ 1lt
Does not include Grants or Capital bull FY 0506 wQOl bull FY 0910 7
ltIlr((J) -J 3 - ltIl o ltIl N g_~ 0 __
- 0ltO O~
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
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Study S
ession A
pril 5 2010 A
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
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~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
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- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
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pril 5 2010 A
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City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
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Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
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Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
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--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
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Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
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Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
FY 091 0 vs FY1 011 General Fund Revenue Comparison
FY 0910 FY 1011 FY 0910 FY 1011 Revised Projected Revised vs Projected
City Sales Tax $ 99990000 $ 106788000 $ 6798000 62 State Sales Tax 30721000 32595000 1874000 54 Vehicle License Tax 15574000 17504000 1930000 151 Licenses amp Permits 7765000 7994000 229000 26 Charges for Services 17253000 18379000 1126000 57 Fines amp Forfeitures 11037000 11026000 (11OOO) -01 Urban Revenue Sharing 57852000 43620000 (14232000) -246 Miscellaneous Revenues 6334000 5403000 931000~ -130 Total $ 246526000 $ 243309000 $ (3217000) -12
LTAF I Loss $ 2000000l Revised Total $ (5217000)
Excludes grants and land sales
~~raquo~ (011100shyltb 9- 2 lt 01 3 _01 ampgt5 OltbN(J) -+ a ~ ~ (O-og
201011 General Fund Budget Shortfall
$ (16369000) Decrease in 0910 revised revenues $ (3217000) Additional decrease in 1011 forecasted revenues $ (19586000) Total decrease in general fund revenues for 1011
$ (2000000) Total L TAF I revenue loss $ (21586000) Revised total loss
-oraquoS ~ lii~ sect (l) g =lt m3-0Iggt6 o (l) (I) -to 3 ~~ co og
General Fund Comparison FY 0506 to FY 0910 Budget
$250000000--------------------------------------shy
$200000000 +1----shy
Community Code Complianoe
$150000000 Commun ity Aid Community Development Neig h borflood amp Human Services Building Safety Planning
$100000000 All Other legislative Executive legal Facilities Maintenanoe City Clerk Economic Development Engineering Financial Services EStreets amp
$ 50000000 +-----1 Cable TV lie General Services Capital ImprovernentampOper Streets Storm Sewer Mass Transit Mesa Gateway Cemetery En ironmental Complianoe Mgmt
$0 J------l
Public Safety Parks Library and Culture Community All Other
Mise Services (J)
OeraquoE I) --0 Ci
lt0 ~ 1lt
Does not include Grants or Capital bull FY 0506 wQOl bull FY 0910 7
ltIlr((J) -J 3 - ltIl o ltIl N g_~ 0 __
- 0ltO O~
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
coo~r
Study S
ession A
pril 5 2010 A
ttachment 1
Page
9 of 9
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
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()
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e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
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Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
201011 General Fund Budget Shortfall
$ (16369000) Decrease in 0910 revised revenues $ (3217000) Additional decrease in 1011 forecasted revenues $ (19586000) Total decrease in general fund revenues for 1011
$ (2000000) Total L TAF I revenue loss $ (21586000) Revised total loss
-oraquoS ~ lii~ sect (l) g =lt m3-0Iggt6 o (l) (I) -to 3 ~~ co og
General Fund Comparison FY 0506 to FY 0910 Budget
$250000000--------------------------------------shy
$200000000 +1----shy
Community Code Complianoe
$150000000 Commun ity Aid Community Development Neig h borflood amp Human Services Building Safety Planning
$100000000 All Other legislative Executive legal Facilities Maintenanoe City Clerk Economic Development Engineering Financial Services EStreets amp
$ 50000000 +-----1 Cable TV lie General Services Capital ImprovernentampOper Streets Storm Sewer Mass Transit Mesa Gateway Cemetery En ironmental Complianoe Mgmt
$0 J------l
Public Safety Parks Library and Culture Community All Other
Mise Services (J)
OeraquoE I) --0 Ci
lt0 ~ 1lt
Does not include Grants or Capital bull FY 0506 wQOl bull FY 0910 7
ltIlr((J) -J 3 - ltIl o ltIl N g_~ 0 __
- 0ltO O~
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
coo~r
Study S
ession A
pril 5 2010 A
ttachment 1
Page
9 of 9
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
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pril 5 2010 A
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City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
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Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
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70
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
General Fund Comparison FY 0506 to FY 0910 Budget
$250000000--------------------------------------shy
$200000000 +1----shy
Community Code Complianoe
$150000000 Commun ity Aid Community Development Neig h borflood amp Human Services Building Safety Planning
$100000000 All Other legislative Executive legal Facilities Maintenanoe City Clerk Economic Development Engineering Financial Services EStreets amp
$ 50000000 +-----1 Cable TV lie General Services Capital ImprovernentampOper Streets Storm Sewer Mass Transit Mesa Gateway Cemetery En ironmental Complianoe Mgmt
$0 J------l
Public Safety Parks Library and Culture Community All Other
Mise Services (J)
OeraquoE I) --0 Ci
lt0 ~ 1lt
Does not include Grants or Capital bull FY 0506 wQOl bull FY 0910 7
ltIlr((J) -J 3 - ltIl o ltIl N g_~ 0 __
- 0ltO O~
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
coo~r
Study S
ession A
pril 5 2010 A
ttachment 1
Page
9 of 9
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pril 5 2010
Atta
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
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I-
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City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
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(J) (J)
0shy
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o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
General Fund Comparison FY 0506 to FY 0910 Budget
$180000000---------------------------------------- shy
$160000000+-------------------------------------- shy
All Other Parks $140000000 -+1----- amp Recreation
LibraryAquatic Arizon a Museum of Natiural History Arizona Museum of
$120OOO000-+--- Youth Cultural Code Comptiance Community Aid Community Development$100000000 -+---Neig h borhood amp Human Services Building Safety and Planning
$80000000 -+--- Legislative Executive Legal Facilities Maintenance City Clerk Economic
$60000000 +1- Development Engineering Financial Services E Streets amp Cable TV Lic General$40000000 +1- Services Capital Improvement amp Oper Streets Storm Sewer Mass
$20000000 +1----1 Transit Mesa Gateway Cemetery Environmental Compliance Mgmt Mise Services$0+1--
1Jraquo2Law Enforcement Fire Judicial All Other ~ iii 0 a
CD 9-- 2lt
cn3ggtII FY 0506 wQOL bull FY 0910 8 o CD N eIgtbull Does not include Grants or Capital Joelgt
coo~r
Study S
ession A
pril 5 2010 A
ttachment 1
Page
9 of 9
cu taO
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0
gt
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Stu
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ession A
pril 5 2010
Atta
chm
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age 1 of 7
+-
fac
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C)
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l-
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fa +
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- fa
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~
ca
mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
Q)
C-
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L
Q)
N
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ro
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if en
C
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()
I
Q)
I
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~
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degen~
C
c o en
o o ~
N -- L
()
I-
e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Study S
ession A
pril 5 2010 A
ttachment 1
Page
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Stu
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pril 5 2010
Atta
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
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City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
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en
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()
co(J)e
C)
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0
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Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
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en - (J)
CO en I o o ~
N
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shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Stu
dy S
ession A
pril 5 2010
Atta
chm
en
t 2 P
age 1 of 7
+-
fac
C)
OJ 0
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C)
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- fa
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mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
Q)
C-
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L
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I-
e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
mesamiddotaz RC Budget Reductions Baseline Budget $24491692 Budget Reductio~s (94) ($ 2308812) Total FY 1011 RC Budget $22182880
Personal Services -4 vacant positions - $221619 -Overtime - $110833
Equipment Usage $600000 Landfill FeesADEQ Fees $1219260 BinSBoxeSContainers $157100
(J) J -otgttgt2 III if1 c
(Q () =lt (I)=rc(J)2 N 3middot (I)0(1) N(I) _I O~
- 0-lNOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
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C-
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e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
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(J) (J)
0shy
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o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
~ mesamiddotaz Solid Waste Program Budget
Budget Budget
Fiscal Year FY 0910 FY 1011
Revenue $47663000 $45874909
Expenses $32119843 $28596189
Net Income $15543157 $17278720
Reserve Fund 177 277 (J)
O~raquoc III iiiC altg g lt w 3 -()I ~ 3 om I)()-IO()
--j~c5~r
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
Q)
C-
o en
L
Q)
N
c laquo ~ I
ro
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C
en Q
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C
c o en
o o ~
N -- L
()
I-
e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
a~ mesamiddotaz FY 1011 Budget
No rate increase is being recommended for FY 1011
Forecasted Rate Increases FY 1011 FY 1112 FY 1213 FY 1314
00 14 14 14
raquo rJ)-tO-raquoC Q) iiiSl c
CQ () lt (l)J(JI(l4 3middot (l)o (l) NQ)
~ 3 ~ 5 NOJ
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
Q)
C-
o en
L
Q)
N
c laquo ~ I
ro
Lshy
E
ro ro
if en
C
en Q
)cw
~oQ)
()
I
Q)
I
o en ro
~
c ~~X
degen~
C
c o en
o o ~
N -- L
()
I-
e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
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CO en I o o ~
N
(f) (J)
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en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
m~~ LandfillDisposal Update Salt River Landfill
bull 78 of Solid Waste bull 100 of Green Waste bull 51 of Recyclables bull Current Contract to 2015
Waste Management Transfer Stations bull 17 of Solid Waste
bull San TanSky Harbor Sites
bull Contract Options to 2013 Ugt
-u2gtc III iii~ a
(C 0 =lt mT01Ugt 01 3 - m5 om N(II_1 a
- 0 --JNO1
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
Q)
C-
o en
L
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N
c laquo ~ I
ro
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C
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I-
e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
~~ mesamiddotaz LandfillDisposal Update
Republic Waste Services (Allied Waste)
bull 5 of Solid Waste
bull AJ LandfillMesa Transfer Station
bull Contract Options to 2013
Hudson Baylor
bull 49 of Recyclables
bull Contract Options to 2012 raquo Cl I
1l=raquoC III III 0 a
10 0 lt (1)T(Cl 0gt 3middot (1)6 0(1) N(J)
~ 3 ~ S --JNQJ
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
Q)
C-
o en
L
Q)
N
c laquo ~ I
ro
Lshy
E
ro ro
if en
C
en Q
)cw
~oQ)
()
I
Q)
I
o en ro
~
c ~~X
degen~
C
c o en
o o ~
N -- L
()
I-
e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
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CO en I o o ~
N
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Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
-~ mesamiddotaz landfillDisposal Options
bull Explore all options available for a 20-30 year solution
bull Extend Current Contract with Salt River
bull New ContractVendor
bull New Landfill
bull Transfer Station
bull Return with OptionsRecommendation (J)
O~Jgtc Iraquo Iraquo -0 a (Q (1 2lt (1) T 01 (J)7 -j 3 - (1) o (1) NCIgt
-a~~middot -jNOJ
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
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L
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e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
--
Stu
dy S
ession A
pril 5 2010 A
ttach
me
nt 3
Pa
ge
1 of 18
t ~
Q)
C-
o en
L
Q)
N
c laquo ~ I
ro
Lshy
E
ro ro
if en
C
en Q
)cw
~oQ)
()
I
Q)
I
o en ro
~
c ~~X
degen~
C
c o en
o o ~
N -- L
()
I-
e laquo
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
City of Mesa Bond Obligations Prior to Series 2010 Sales
Outstanding Principal
bull General Obligation (GO) Bonds = $270020000
bull Utility Systems Revenue Bonds = $820663000
bull Street amp Highway User Revenue (HURF) Bonds = 140265000
[Jraquo ~ Q) ~ Jlt C (0 --0 a CD ~ ~lt
2 39~ g CD N ~
J 0_ lo-loO oowOJ
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Current GO Bond Debt Service (Estimates current-year refunding in FY1718)
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000 1 ~ $35000000 I
$30000000 J $25000000
I $20000000~-
$15000000 ------------- ______ __ OIII_~~__II__$10000000
$5000000
$0 - ------------r--shy
~ V Igt 0 b ~ ~ V Igt 0 b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ -~ - c- ~ - y () () () cv () cv () cvf ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
tlraquo- ~ -65 (I) ~ ~lt wrcnC)3 3middot ~ 0(1) N() -I o ~--ilIoO 00 cgt 01
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Current Utility System Revenue Bond Debt Service - Fully Supported Through Utility Rates
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000 -i
$15000000
$10000000
$5000000
$0
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ B ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Uraquo_~ II) - c co -0 Co (I) ~ lt
4 ~r(1l(f)3middot (I)
9(I)NgJ 0 __ ~-JO oowOJ
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Current Highway User Revenue Fund Bond Debt Service - Fully Supported With Shared HURF Revenues
$80000000
$75000000
$70000000
$65000000
$60000000
$55000000
$50000000
$45000000
$40000000
$35000000
$30000000
$25000000
$20000000
$15000000
--~ _-- $10000000
$5000000
$0
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
gt Q
~ =-6 a (1) ~ 2lt (J1T(J1Ugt5 3middot (1)g (1) N gJ 0 __ ~-lIO CO()OJ
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
General Obligation (GO) Bond Sale Series 2010
bull GO Bonds Authorized in 2008 - $25840000
bull Public Safety - $17905000
bull Streets - $7935000
- Balance of 2008 Authorization ($1016M) to be sold in 2011 12 amp 13
bull GO Bonds Authorized prior to 2008 - $5025000 for Neighborhood amp Street
Flood Control Oraquoraquo~ ~ =-0 a (1) ~ ~lt
6 (J) 3 01 ggt 0(1) N(I) -J o Jr JrO ogtwOJ
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Total G o Bond Debt Service shyAfter Series 2010 Sale Totaling $309M
(Estimates current-year refunding in FY 1718)
$55000000
$50000000
$40000000
$35000000
$30000000
$25000000
$20000000
$45000000
$15000000
$10000000
$5000000
$0 Y
~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ b ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Craquo ~ amp =-6a
CD ~ 3lt r(1l007 3middot CD 9CDN~
~ 0_ ~lIO O)()o~
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
2008 Election Go Bond Project Savings
bull Streets - project savings - Uses
bull Intersection Improvements
bull Streetlight Pole Replacements
- Net savings
bull Public Safety - Net Project Savings to-date
$34850000
5100000
1700000
$28050000
$ 3866000
8
OraquoraquofIraquo _ r co --0 a m ~ ~lt CJJOI(J)
3 - m 2mNgl 0 __ ~-o
CJWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Status of GO Bond Sales from 2008 Election
Series Actual 2009 Estimated 2010
Projected 2011 Projected 2012 Projected 2013
Public Safety
$20215000 $17905000
$12686528 $3627472 $3866000
$58300000
Streets $22370000
$7935000
$37737472 $14807528 $28050000
Total $42585000 $25840000
$50424000 $18435000 $31916000
$110900000 $169200000
Note Excludes $5025000 of pre-2008 Neighborhood amp
Street Flood Control GO Bonds
III _ c (Q --0 a Oraquoraquof (I) ~ 2lt9 (OT(JIC)
3 - (I)a()N~
I 0_ loloO co W 01
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
--
Study S
ession A
pril 5 2010 A
ttachment 3
Page 10 o
f 18
gt
Lshy
co C
en
C
(J)0
()
co(J)e
C)
x ~~
0
gt
Nt
C
(J) (J)
0shy
roeE
o en W
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Definition
bull Secondary Property Taxes - (ARS 42shy11001 ) Ad valorem taxes or special property assessments that are used to pay the PRINCIPAL INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS or other lawful long-term obligations that are issued or incurred for a specific capital purpose by a municipality county or taxing district
U en1raquoraquoraquoshy(C 0 a
CD ~ ~lt ~roen11 3 - CD S-CDNg
~ 0_ l-lO CXlWO~
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Secondary Property Tax Rate
bull Current FY0910 Rate = $02977 $210+k home $02977 = $6252
bull Reduction in Secondary Assessed Value - Estimated Down -110 (April 09)
- Actual Down -138 (April 10)
-0 (J) Q)~raquoc to --0 c
CD ~ lt 12 N 3Sggt
degCD~cn l o~ -ilooooo+--ao
X)WOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Series 201 0 Neighborhood Street Flood Control - GO Bond Sale - $5025000
Alternatives
bull Use Cash Balances
bull Repay from General Fund revenues at an annual cost of $252K from years 1 thru 19 and $53M in year 20
bull Adjust Magma Gas Rates and increase transfer
bull Repay using Secondary Property Taxes U (J)11)gt)gtshy10 0 5CD ~ lt
13 ~3-ggCDNg
J 0_ -- -JtO CDWOJ
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Estimated Secondary Property Tax Rate
bull Current FY0910 Rate =$02977 $210+k home $02977 = $6252
bull Estimated FY1011 Rate = $03034 $181+k home $03034 = $5492
Impact-Average savings of ($760)
0 (J)
~ ~gtc (I) m ~ Q () lt
14 39g0(1) NltIgt -I oli ~ ~o COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Current Comparative Local Property Tax Rates
City Mesa
Chandler
Gilbert Glendale
Phoenix Scottsdale Tempe
Secondary $02977
$08522
$11500 $13699
$10536 $03782
~09103
Primary
$00000
$03292
$00000 $02252
$07664 $03650
~0~4897
Total
$02977
$11814
$11500 $15951
$18200 $07432
~14000
Avg (excl Mesa) $09524 $03626 $13150 -u Cl1raquoraquoraquoshyltC-c5 ~ ~ 2lt 0lr0lCl15 3middot (I)0(1) NCigt -I o ~--lO 0gt()01
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Comparing GO Debt per Resident (Source FY0809 - AZ Dept of Revenue)
FY08109 GO GO Bond Debt City Population Bond Debt Resident Mesa
Chandler
Gilbert
Glendale
Phoenix
Scottsdale
Tempe
NotesSources
459765
244473
215117
248479
1562108
242392
172675
$270020000
$135110000
$217730000
$193105023
$1347433959
$551455000
$442000000
$587
$553
$1012
$777
$863
$2275
$2560
of GO Debt Limit
Used 217
150
303
339)
275
256
640
MAG (Maricopa Association of Governments) July 1st population estimates Arizona Department of Revenue
0 en turaquo2
lt0 - Cm ~ llt c)rQen
16 3 - mamN()
J O~ -a-lO CXlWOJ
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
--
Study S
ession A
pril S 2
01
0
Attachm
ent 3 1
70
f18
-J -C
(J) c
u
en - (J)
CO en I o o ~
N
(f) (J)
shy(J)
en
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Series 201 0 Bond Sale Schedule
bull April 5 - Receive Authorization to Sell Bonds
bull May 12 - Receive bids
bull May 13 - Council Acceptance of bids bull Transaction completed by June 30
C CIl ~~raquoE(1) iii~ 0shy 0 lt
18 C0 3_0lg9(1)l)gJ ~a~c) COWOl
Recommended