TOWN OF ORONO
FY2014 Draft Municipal Budget Presentation
June 10, 2013
What Does the Budget Do?
• Describes
the annual proposed plan of
work & projects associated costs;
• Determines
the amount of money that
needs to be collected from taxpayers to
fund municipal services; and
• Is
part of the formula used to
establish the tax (or mil) rate.
Components of Tax Rate
Municipal Budget
• Departmental
Operations
(Municipal Services)
• Proposed
Capital Projects
(Infrastructure Improvements)
• Municipal
Debt Obligations
(Previously Approved by Council)
• Appropriations
to Reserve
(Saving for Future Capital Needs)
Components of Tax Rate
Penobscot County Tax Assessment
•Separate
•County
Budget Process
Commissioners Adopt Budget
•Mandatory
Assessment to Penobscot
County Towns
•Calculated
Formula
by Valuation-Based
Components of Tax Rate
RSU #26 Assessment
•Separate
•RSU
Budget Process
Budget Meeting (5/27/2014)
•Referendum
Election to Ratify School
Budget Meeting Results (6/10/2014)
•Mandatory
Assessment
2015 Proposed Budget
County
5%
RSU #26
59%
Municipal
36%
Proposed Tax Rate Summary
FY2015 vs. FY2014
• Municipal
• RSU
Budget
#26 Assessment
• Penobscot
County Tax
$ 99,872
$100,277
$ 17,551
Net Change to Tax Commitment
$217,699 (2.24%)
Municipal Budget Components
• General Funds
• Special Revenue Funds
• Tax Increment Financing Funds
• Capital Improvement Budget
• Special Project (Bond Funds)
• Enterprise Funds (WPCF)
Net General Fund Budget is
the municipal component of
the tax rate.
2015 Municipal Budget
General Fund Expenditure Summary
• Operations
• Self-Funded
• Capital
• Debt
Programs
& Reserve
Obligation
• Contingency
• Total
$6,168,883
91,088
757,178
411,167
10,000
$7,438,316
Up a total of
$220,520
(or 3.06%)
over FY14
2015 Municipal Budget
General Fund Revenue Summary
• General
Revenue
• Self-Funded
$2,325,428
Programs
• Intergovernmental
• Special
• Fund
• Total
91,088
877,500
Fund Reserves
28,500
Balance Transfer
350,000
$3,672,516
Up a total of
$36,169
(or 0.99%)
over FY14
2015 Municipal Budget
Net Summary - (General Fund)
• Operations
• Capital
• Debt
• Total
& Reserve
Obligation
$2,481,061
728,678
411,167
$3,620,906
Up a total of
$99,872
(or 2.84%)
over FY14
Municipal Budget Highlights
General Fund Operations
Maintains Existing Service Levels
Reduces Personnel by 50% FTE
Projected FY15 Tax Rate
$23.95 per $1,000 Taxable Valuation
•
Municipal Services
8.73
•
School Assessment
14.02
•
County Assessment
1.20
Tax Rate Comparison
FY15 vs. FY14
Increase of $0.75/ $1,000 Taxable Valuation
• Municipal
• School
•
Services
$0.32
Assessment
$0.37
County Assessment
$0.06
FY15 Tax Rate Calculation
Tax Rate =
Net Municipal, County & School Cost
Assessed Non-TIF District Valuation
Loss of $4M in Valuation results in
approximately $0.23 of total tax rate increase
Taxpayer Impact (by Taxable Value)
FY15 vs. FY14
Town
School
County
Total
$ 100,000 $ 32
$ 37
$ 6
$ 75
$ 150,000 $ 48
$ 55.50
$ 9
$112.50
$ 200,000 $ 64
$ 74
$ 12
$150
$ 250,000 $ 80
$ 92.50
$ 15
$187.50
$ 300,000 $ 96
$ 111
$ 18
$ 225
$ 350,000 $ 112
$ 129.50 $ 21
$262.50
Capital Improvement
FY2015 Budget
2015 Municipal Budget
Capital Budget Expenditure Summary
• Capital
Equipment
• Capital
Infrastructure
732,500
• Capital
Facilities
119,000
• Capital
Reserve
65,000
• Total
$349,178
$1,265,678
Up a total of
$424,078
(or 50.3%)
over FY14
2015 Municipal Budget
Capital Budget Revenue Summary
• General
Taxes
$757,178
• Reserves
• Trade-In/Surplus
• Grants
• Total
302,500
Sale
33,000
173,000
$1,265,678
Draw on
General
Fund Taxes
up a total of
$157,578
(or 26.28%)
over FY14
2015 Municipal Budget
Net Summary - (Capital Budget)
• Equipment
• Infrastructure
$ 88,178
532,500
• Facilities
71,500
• Reserve
65,000
• Total
$757,178
Municipal Budget Highlights
Capital Projects - Equipment
•
Fire Engine
• Capital
Repairs to Fire Chief Vehicle
• Police
Cruiser
• Police
Technology Upgrade
• Police
Firearms Replacement
• Public
Works Truck (10 Wheeler)
Municipal Budget Highlights
Capital Projects - Infrastructure
•
Island Avenue Drainage, Street, & Sidewalk
•
Kelley Road Extension Rehabilitation
•
Crosby Street Reclaim (Planning/Design)
•
Fiber Optics Last Mile Project
Municipal Budget Highlights
Capital Projects - Facilities
•
Birch Street School Pedestrian Footbridge
Decking
•
Library Staff Work Area & Community
Room Renovations
•
Library Landscaping Project
•
Police Patrol Room Renovation
•
Public Safety Building Roof
Municipal Budget Highlights
Capital Projects - Reserves
•
Capital Equipment Reserves
•
Library Maintenance Reserve
Tax Increment Financing Districts
FY2015 Budget
TIF Funds Budget is the budgeted
usage and appropriation to
Town’s Tax Increment
Financing Districts
2015 Municipal Budget
TIF Funds Summary
Projected Revenue
$762,070
Budgeted Expenses
•
Economic Dev. Salary
91,581
•
Contractual
95,572
•
CEAs
159,868
•
Debt Service
350,005
Total Budgeted Expenses
$697,026
Net Retained in Funds
$ 65,045
2015 Municipal Budget
Downtown & Transit Oriented TIF Fund Summary
Projected Revenue
$464,115
Budgeted Expenses
439,749
Net Retained in Funds
$24,366
2015 Municipal Budget
Maine Tech Park (SRD) TIF Fund Summary
Projected Revenue
$37,212
Budgeted Expenses
30,178
Net Retained in Funds
$7,034
2015 Municipal Budget
EnvisioNet TIF Fund Summary
Projected Revenue
$109,370
Budgeted Expenses
82,505
Net Retained in Funds
$26,864
2015 Municipal Budget
Dirigo Pines TIF Fund Summary
Projected Revenue
$106,173
Budgeted Expenses
106,173
Net Retained in Funds
$0
2015 Municipal Budget
Webster Point TIF Fund Summary
Projected Revenue
$45,201
Budgeted Expenses
38,421
Net Retained in Funds
$6,780
Special Revenue Funds
FY2015 Budget
Special Revenue Fund Budget is
the budgeted usage
and appropriation to
Town’s Reserves
2015 Municipal Budget
Special Revenue Fund Budget Summary
Appropriations to Fund
$ 563,820
Usage of Fund
$1,033,305
Net Increase/(Decrease)
($469,485)
Special Projects (Funded by Bond)
FY2015 Budget
WPCF Budget Highlights
New Public Works Facility
$5,625,000
Rehabilitation of Existing Pine Street
Parking Lot & Stabilization of the Gully
on Pine Street
$350,000
Water Pollution Control Facility
FY2015 Budget
Departmental Overview
The Water Pollution Control Facility
(WPCF) operates as a separate
proprietary fund.
Its operation is funded through
revenue derived from user fees,
operations, and grants….
Not through the property tax.
WPCF Budget Highlights
Maintains Current Service Level
Continued Capital Expenditure &
Reserve Appropriations
Maintains Current User Rates
WPCF – Expense Summary
• Operations
• Reserve
Appropriations
• Debt
• Total
Operating Budget
• Capital
• Grand
$ 842,611
$ 272,935
$ 506,000
$1,621,546
Improvements $325,500
Total $1,947,046
WPCF Expenses – FY14 v. FY13
• Operating
Budget
• Capital Debt
• Capital Reserve Funding
• Capital Budget
• TOTAL
CHANGE:
$117,414
($ 2,471)
($126,780)
$147,935
$ 98,730
Sewer User Fees – No Change
Consumption
Minimum
Rate/100 cu ft
Charge/Qtr
2010
$4.44
$53.28
2011
$4.54
$54.48
2012
$4.54
$54.48
2013
$4.54
$54.48
2014
$4.54
$54.48
2015
$4.54
$54.48