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Home My WebLink About2007-03-19 I FY 2007/2008 Financial Plan Operating and Capital Budgets Budget Work Session Schedule Lane Auditorium :tV ondav. March 19.2007: 1 :00 D.m. · 1:00 p.m. · 2:30 p.m. · 3:30 p.m. . 4:30 p.m. Capital Budget Operational Budget Initiatives Revenues " ednesdav. March 21. 2007: 1 :00 p.m. · 1 :00 p.m. · 2:00 p.m. School Discussion Continuation Wrap Up and Tax Rate Discussion I I .3' (Cj' 01 ;ate: Agenda Item ~ ~~ "lck'~ 11>1".", 'c..['\,\ i1 Budget Work Session Overview . Today . Capital Improvements Program Overview . Review of Remaining Operating Budgets . General Government Initiatives . Revenues Budget Work Session Overview . Wednesday, March 21 . Meeting with School Board . Continuing Issues from Prior Work Sessions . Board Discussion and Wrap Up . Approve Proposed Budget for Public Hearing · Set 2007 Tax Rates for Public Hearing on April 4th , '~ ...\A.' 1 . FY 2008-2012 RECOMMENDED CAPITAL IMPROVEMENTS PROGRAM March 19,2007 ALBEMARLE COUNTY FINANCIAL PLAN Today's CIP Review . Re-cap of CIP Revenues and Expenditures . Review current policy for funding the capital prog ram . Review potential changes to the CIP and their impact on the coming fiscal year 2 FY 2007/08 - 2011/12 Recommended Revenues $219,756,000 FY 2007/08 - 2011/12 Recommended Expenditures $219,756,000 3 I I . Current Policy for Funding the Capital Program . General Fund Transfer to ClP Increased Annually (Growth Formula) by: · rate of overall revenue growth, net of revenue sharing . one-half of 1 % of revenue growth · increase in value of 2 cents of the tax rate . Use of Year End Funds · 100% of year end excess revenues transferred to capital · 60% of year end expenditure savings transferred to capital . Debt Funding · Debt service levels shall remain below 10% of revenues · Long term debt shall remain below 2% of assessed values Funding the Recommended FY 2008-1 2 CIP . General Fund Transfer to CIP · FY08 Recommended Allocation = $26.07M (+ 11.6%) · Future years transfer grows according to policy and revenue projections . Use of Year End Funds · Relies on $9 mil transfer to CIP in current fiscal year from FY 2005-06 year end funds · Anticipates $2 mil transfer to CIP in coming fiscal year from FY 2006-07 year end funds · Future years anticipate $2 mil transfer to the CIP from previous year's year end funds . Debt Financing · Anticipates that 66% of the C1P will be financed over the 5 years of the Plan I 4 Impact of Potential Revenue Changes on the Proposed CIP . General Funds Transfer to the CIP . CIP Reserve Balance Impact of Revenue Changes on General Fund Transfer to Capital 5 CIP Reserve Balance Resolving CIP Reserve Shortfall . Increase Revenues . Increase Borrowing . Policy Limits . AAA Benchmarks . Reduce projects . Cash Funded . Debt Funded 6 Impact of CIP Changes on FY 2007-08 Operating Budget . Reducing GF transfer to CIP requires change in Policy or further reduction in tax rate . Reducing projects or financing more projects will only increase reserves . No CIP operating impacts included in the Proposed FY 2007-08 Budget Board Identified Projects for Future Review FY 2007/08 Capital Budget . Fire Station Construction . Recycling Centers . School Building Services Office/Warehouse Years 2 - 5 of 5 Year CIP · Northern Albemarle Library Facilities . Court Renovation . Public Safety Training Facility . YMCA Competitive Pool Addition · Transportation Improvement Program · Unidentified capital costs from Master Plans · Additional Transportation and Urban Infrastructure 7 Fire Rescue Station Construction Why Pantops and Ivy Stations? . Basic coverage · Development area coverage at Pantops and west of City · Ivy most densely populated rural area · 5 mile standard addresses ISO (insurance) rates and safety . County response goals . Mirror similar localities and national standards . City service fails to achieve County response goals · City response standard to County calls significantly less than County standards · Contract expires 2010 - requires renewal decision 2007 8 ~ Proposed Changes Pantops and Ivy Fire Stations . Delay Station Construction · Move Pantops from FY 9/10 to FYl 2/1 3 · Move Ivy from FY 1 0/11 to FY 11/1 2 . Establish Temporary Stations . Reduced staffing · Meets timing for City contract expiration · Ensures improved service -vs- City contract 9 .J Impact of Pantops & Ivy Station Changes to FY08-1 2 CIP FY08 FY09 FYIO FYll FY 12 Total Pan tops Recommended 0 0 2,275 1,251 58 3,584 Pantops Revised 499 124 0 0 0 623 Net Impact, Pantops 499 124 .2,275 .1,251 58 .2,961 Ivy Recommended 0 0 282 5,405 0 5,687 Ivy Revised 0 513 143 296 4,850 5,802 Net Impact, Ivy 0 513 .139 .5,109 4,850 115 Total FY08.12 CIP Impact 499 637 .2,414 -6,360 4,792 .2,846 Impact of Pantops & Ivy Station Changes to Operating Budget FY08 FY09 FYIO FYIl FYI2 FTE's Pantops Recommended 0 1,238 1,979 2,078 2,182 18 Pantops Revised 0 478 794 833 875 12 Net Impact, Pantops 0 .760 .1,185 '1,245 .1,307 .6 Ivy Recommended 0 0 0 425 1,645 24 Ivy Revised 0 0 250 788 1,000 24 Net Impact, Ivy 0 0 250 363 .645 0 Net Impact on Operating Budget 0 760 .935 .882 '1,952 .6 10 Recycling Centers . Recycling a regional responsibility of the Rivanna Solid Waste Authority . Regional service? . County construct, RSWA operate? . $250,000 planned in each of next 3 years for County constructed facilities; $350,000 in years 4 and 5 . Options for establishment of centers currently being developed . Other Options? Building Services Office/Warehouse Facility . Joint project with School Division . School s - $ 7.49M . General Government - $1 .24M · Provides long-term solution for storage needs · Current local government storage inadequate to meet needs (lighting, security, access) 11 Building Services Office/Warehouse · Office and warehouse space for Building Services · Co-location of Child Nutrition Services · Secure storage space for student records and mandated testing materials · Space for Data Center expansion · Office/receiving space for School Technology (21 staff members) Future Discussion - Projects in Years 2-5 of CIP . Northern Albemarle Library Facilities . Court Renovation . Public Safety Training Facility . YMCA Competitive Pool Addition · Transportation Improvement Program . Neighborhood Plan Implementation · Unidentified Capital Costs from Master Plans · Additional Transportation and Urban Infrastructure 12 -*_1II.... ~ P-....u..Ju....Si.. _.lI..tSUoRodo.. N..tIt.P.....s...a..u.. 'it. s................ c.-t lJI...,R.di. s......u.u..., Rodo.. P......II....... ... * -..,w..... F.....el..l...St..R.II- ........... Rodo.. 111 c-.u...,Rodi_ s......u. u..., ....... 13 II Achieving the Board's Vision Priority TransDortation Needs: Cost to Accelerate Projects Current Transportation Funding Remaining Balance $ 7.1 million $21.9 million $14.8 million Master Plannina & Urban Places: "Essential Link" Road Projects Remaining Transportation Funding Balance Additional Funding Needed $45.5 million $14.8 million $30.7 million Urban Infrastructure Projects $23.6 million Current Urban Infrastructure Funding $14.5 million Additional Funding needed$ 9.1 million Total Additional Funding Needed: $39.8 million 14 '1 \ .,. ,ate: ---.,;;,;;,,?~ '1. ."\ U AgendA lIon), ~~. l~_S "k, . \. ''(''\ v\~ ,,__ FY 07 j08 Recommended General Fund Budget Judicial Public Safety General Services Community Development Judicial 1 Judicial . Committed/Obligated · Full year funding for positions funded partial year in FY 06/07 . Office Associate Public Safety 2 I , , Public Safety . Committed/Obligated · Full year funding for positions funded partial year in FY 06/07 . 0.5 Office Associate . 12 Firefighters/ALS at Hollymead Fire Station . Battalion Chief . Increase in local match for Victim/Witness Program . Responding to Priorities . 4 Police Officers . 0.5 Office Associate . 6 Firefighters/ ALS at East Rivanna Volunteer Fire Department Improving Pol ice Response Why Additional Officers Needed? . Basic coverage of police sectors . Current staffing only provides one patrol officer per sector or eight per shift . Considered minimal given square mile coverage per sector 3 ------ Alb"em'brle ~ . I~'~"_M'_ SMMI U.....MI... I_I I1So1_"'MlIoo s_~ l1.1""......MJlooo _ll..'.._MlIoII .... S.-., l.tS.....Mllooo _.7 41s,...nM'" _.l65S..anoMllH 1-21 Police Beats Albemarle Police Department Sector and Beat Map Improving Police Response Whv Additional Officers Needed? . Basic coverage of police sectors . Current staffing only provides one patrol officer per sector or eight per shift . Considered minimal given square mile coverage per sector . Current staffing standards (1.5 officers per 1,000) . Less than regional, state and national standards . 5 Officers needed per year to catch up and keep pace with population growth . Would still take approximately ten years to achieve standard. . County response goals 4 Improving Fire Rescue Response Why Pantops and Ivy Stations? . Basic coverage . Development area coverage at Pantops and just west of City . County's most densely populated rural area - 5 mile standard addresses ISO (insurance) rates and safety 5 Improving Fire Rescue Response Why Pantops and Ivy Stations? . Basic coverage . Development area coverage at Pantops and just west of City . County's most densely populated rural area - 5 mile standard addresses ISO (insurance) rates and safety . County response goals . mirror similar localities and national standards . City service fails to achieve County response goals . Stated City response standard to County calls per contract less than County and City standards . Contract expires 2010 - requires renewal decision 2007 6 I Public Safety Agencies . Committed/Obligated . Emergency Communications Center . Regional jail . juvenile Detention . S PCA . Volunteer Fire/Rescue Opera,tions . Turnout gear and operational supplies . IT Support . Insurance . Responding to Priorities . OAR Restorative justice Program Other Public Safety Agencies . Thomas Jefferson EMS . Offender Aid and Restoration . Community Attention Home , 7 General Services General Services . Committed/Obligated . Full year funding for positions funded partial year in FY 06/07 . 2 Grounds Maintenance Workers . 0.25 Office Associate . Utility Costs and Tipping Fees . Rivanna Solid Waste Authority Contribution . Responding to Priorities . Engineering Inspector . Project Manager 8 Community Development Community Development . Responding to Priorities . Rural Area Support Planner . Master Plan Implementation Planner . Maintains funding for Homebuyers Assistance at $250,000 9 . Community Development Agencies . Responding to Priorities . Overall increase of 4.01 % . PHA Latino Outreach . Alliance for Community Choice in Transportation Community Development Agencies . Albemarle Housing . Piedmont Housing Improvement Program Alliance . Alliance for Community . Thomas Jefferson Soil and Choice in Transportation Water Conservation . Central Virginia Small District Business Development . Thomas Jefferson Planning Center District Commission . Charlottesville Transit . Virginia Cooperative Service Extension Service . Monticello Area Community Action Agency 10 I Charlottesville Transit Service County Cost Alt. Services Provided Net Recurring One-time A RT 5, 10 (Day) & 24 (Night) $416,248 NjA B RT 5, 10 (Day) & 24 (Night) $508,824 NjA RT 7 (Day, Night, Sunday) C RT 5, 10 (Day) & 24 (Night) $544,604 NjA RT 7 (Day, Night, Sunday) RT 2 B (Day - Southwood) D RT 5, 10 (Day) & 24 (Night) $707,189 $ 5 5, 1 84 RT 7 (Day, Night, Sunday) Route 2B (Day - Southwood) Improved RT 5 Headways Non Departmental . Committed/Obligated . City Revenue Sharing . Transfer to School Operations . Transfer to Capital and Debt . Responding to Priorities 11 .....I / l. .') . \ [1- ~ oc 1 ,ate:~ Agenda Itorr ~~*''" L0::' '~"~:'~' \. 'v(Y\ Y'\ Covering the Current Year at a 70 Cent Tax Rate ($ in millions) Revenue Impact of Tax Rate Reduction Additional Required for Jail Anticipated FY07 Revenue Shortfall $3.3 0.6 3.9 Options to Address Shortfall: Personal Property Tax @ $4.38 Board Reserve Revenue Surplus 0.4 1.0 2.0 3.4 Amount Needed in Expenditure Savings $0.5 Potential Revenue Changes - Impact in FY08 ($ in millions) Impact of 4 cent tax rate reduction -$6.6 Budgeted set aside 3.5 Available Revenue Decrease at 70 Cents -$3.1 Option 1 - Revenues Option 2 - Expenditures Decal Fee $0.4 School Transfer $1.5 $4.38 Per. Prop. Tax 0.8 Capital Transfer 0.6 Assess based on Trade In 1.7 General Govt. 1.0 Utility Tax 0.2 $3.1 $3.1 Option 3 - Combination of Revenue and Expenditure Adjustments - 1 <. . Impact of Revenue Changes on a Car Owner 2