7.5 2021 Budget DiscussionESSION
S
TUDY
S
UDGET
22, 2020
UNE
2021 BJ 2019 Results/2020 Review/2021 Target Fund Balances/2021 Revenue Estimating Discussion
2
UDGETAPPROACH
Directed staff to budget to 2020 Revised BudgetReviewed 2021 Budget request as compared to both 2020 Revised Budget and 2019 ActualsDepartments provided detailed list of line item requests
greater than $5,000Budget team consisting of Mike Schrage, Jacob Wood, Debbie Pack, Natalie Fischer, Tara Sauber and Scott Gardner met with every departmentSubject to additional review,
confirm City Commission receptivity to projecting minimal to no revenue growth from 2019 to 2021
2021 B
3
UMMARY
S
INANCIAL
30, 2020 F
PRIL
A
4
È
D
Ô
UMMARYCONT
S
INANCIAL
30, 2020 F
PRIL
A
5
anticipated current
debt bond and
90 day stay at home projection
Accounting Policy ÏÑnot less than 15% nor more than 20% of
year revenues for the fund.ÒAccounting Policy ÏÑnot less than 10% nor more than 15% of the anticipated General Obligation interest payments for the upcoming budget yearÈÒ
Revenues not adjusted for cancellation of 2020 River Festival
ALANCES
B
UND
F
ARGET
T
6
Intentional spend down of fund balance in 2020 Ïpossibility of additional spend down in 2021
ALANCES
B
UND
F
ARGET
T
7
reserve account for future
target provides <100 days.
es 180+ days operating
and wastewater plants and
Not adjusted for 2020 proposal
Spend down with cash purchase of carts in 2021May need to be transferred tocosts (closure/post closure, methane gas)Industry standard providexpenses in reserve. This Intention to build
balance to offset upcoming increase in debt service for water cash funding of main replacements.
8
)
EXCLUDINGPERSONNEL
(
UNDS
F
PERATING
O
General Fund
9
$20K Municipal Band$5K Skyfire
Reduced programmingDeferred maintenance
General Fund
10
1.695% IncrBuilding RentLegal Notices
11
Change in accounting for NRA rebates and grants
Increased costs of licenses/agreements
12
Change in accounting for Surety Deposits$10K Hose replacement$15K Stryker 3 year maintenance agreement due in 2021
13
being budgeted at avgof prior years
Employee recruitment Ïvariable cost so
14
15
em, in-car/interview room video systems
Training Center , upgraded PD Phone syst$15K Portable/Mobile Radios
KDOT paying more due to COVID-19
16
17
Departmental Details
Arts & Humanities ÏSmoky Hill Museum
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
available through grant funding
posits already paid
Arts Infusion reductionPilot period for Artist Development and Friday Night Live endedReduce programming that may be 2021 River Festival de
Other Operating Funds
46
47
48
Purchase of carts and automated trucks
49
50
51
Reduction in vehicle purchasesCounty Road Maintenance fee
52
53
54
55
System Enhancement itemsVehicles
56
57
58
59
60
61
General Fund Revenue Estimates
62
General Fund 22.907Debt Fund 6.812 Total29.702
Current Mill Levy -
Property Tax
63
or remodeling costs)
on or remodeling costs)
truction or remodeling costs)
ding construction
clude building constructi
et (Do not Include building cons
Debt Service in 2021 Budget
nses -2021 Budget (Do not Include buil
Property Tax Revenues Spent onLaw Enforcement ExpeFire Protection Expenses -2021 Budget (Do not InEmergency Medical Expenses -2021 Budg
Tax Lid
Additional information still needed:
64
?
th
Willingness to schedule study session for June 29