City of Woodstock Adopted Budget FY 2013 Presented June 18, 2012

City of Woodstock Budget Categories The budget process includes two distinct categories: Operating Budget (General, Special Rev and Enterprise Funds) Capital Equipment Fund (CEF) – detailed by funding sources (cash vs. debt financing – estimated operating impact) 2

City of Woodstock FY 2013 Budget Overview City of Woodstock FY 2013 Budget Overview General Fund$15,337,619 Special Revenue$ 6,108,526 Water-Sewer$ 9,542,275 Proposed FY13$30,988,420 Amended FY12$27,516,317 3

City of Woodstock Millage Rate History

General Fund – FY 2013 Budget Decline FY 2012 Amend.$15,158,921 The General Fund budget has dropped 2013 Proposed$15,337,61928 % in four years from the $21.2m to $15.3m. Increase $ 178,698 % Increase.12% 5

City of Woodstock General Fund – Overview of Major Changes No salary increases No furloughs $5,000 utilization of Tree Bank reserves Budgeted contingency of $250,000 that requires Council approval for any use Workers Compensation premiums increased 18% Property Tax Digest is down 4.76% before appeals Elimination of one Parks & Recreation program Out-of State Travel is on hold Moratorium on Leave-Time Cash-In for FY

City of Woodstock General Fund – Overview of Major Changes Transfer to CEF of $105,000 ($129,544 in FY 2012) New SPLOST cycle will start in July 2012 The TAD will pay the URA B payment in this budget 100% Rollback Millage Rate from Utilization of a portion of the Insurance Premium Tax Added Fiber Connectivity back into CEF Removed CSI software modules from Maintenance Agree. Delay CALEA certification for one fiscal year Coffee Service to be discontinued Staffing Updates: one (1) position split between IT & Finance and handles the Receptionist position 7

City of Woodstock Upgraded one (1) position in Utility Billing from part-time to full-time Added one (1) position in Wastewater for a Treatment Plant Operator paid in part by a reduction in Overtime savings of $25,000 No Budget implication regarding the Property Tax Billing performed by Cherokee County as IGA is pending 8

City of Woodstock General Fund Revenue - $15,337,619 Declining Property Tax Digest and Revenue Neutral Millage Rate will balance out the Property Tax Revenue Motor Vehicle taxes budgeted at $489,000; an increase of $26,000 over FY 2012 budget.  This is based on the preliminary digest & proposed millage rate. Building Permits & Inspection Fees are increased by $312,000 over FY 12 budget.  We’ve already achieved 101 Building Permits to date and new projects are forecasted. Existing Fine Schedule Increases - $128,997.  Trending higher this current fiscal year 9

General Fund Revenue $15,337,619 10

City of Woodstock Capital Equipment Fund FY 2013 Projects: Storage Area Network Device for $45,000 Fiber Connectivity for $60,000 Rubes Creek Grant of $540,000 11

Special Revenue Funds These include: GreenPrints Impact Fee SPLOST III SPLOST IV Tax Allocation District The Cottages Hotel/Motel Confiscated Asset (Police) 12

Special Revenue Funds GreenPrints This fund is budgeted based on the partnership with Gas South and the trending revenue. Impact Fee This fund is budgeted based on anticipated activity and will be disbursed on approved Parks & Recreation capital items. SPLOST III & IV This fund is budgeted based on the estimated revenue stream from the county. A new SPLOST IV fund was created for the 2012 SPLOST. Hotel/Motel This is a self-supporting fund used to promote travel and visitation to Woodstock. Revenues are increasing based on FY 2012 actuals. 13

Special Revenue Funds Tax Allocation District This fund is used to account for the resources and related redevelopment expenses within the District that was created by the City in December The Cottages This fund is used to account for the proceeds of a settlement that are to be used on infrastructure improvements. Hotel Motel Fund This fund is used for the accumulation of Hotel/Motel revenues collected by the City and payment for expenses related to tourism and promotion of the City. Confiscated Assets Fund This fund was created for assets confiscated during investigations into illegal drug activities. 14

Special Revenue Funds An overall decrease of 9% is proposed for FY Major items: Capital Equipment Fund – Reduced funding compared to last fiscal year. FY 12 $ 6,743,873 FY 13$ 6,108,526 Decrease $ 635,347 15

Water & Sewer Fund This fund is self supported through a tiered water rate, sewer charges, meter fees, and connection fees.  The council last approved a new rate increase in July, ◦ The Cobb County-Marietta Water Authority has implemented a program that has an annual rate increase of 8% effective every January 1 st. ◦ We are proposing a 3% increase to keep up with the wholesale rates & elimination of the Cost Adjustment Charge Structure for Water & Sewer ◦ Water well exploration is included at a cost of $350,000 16

Water & Sewer Fund Contributing Factors: 8% wholesale price increase in water costs. $350,000 utilization of reserves for Well Exploration $1.09 million from Bond Proceeds for infrastructure upgrade of grit chamber & filter. 3% Retail Price Increase Increased demand and new developments with TAP Fees FY 12 $ 6,442,000 FY 13 $ 9,542,275 Increase $ 3,100,275 17

Stormwater Fund Contributing Factors: Utilization of $437,176 of Reserves for Stormwater projects: Deer Run Swales, Melanie Lane, Floodplain Mapping and debt payments Rates comparable to FY 2012 budget FY 12$1,281,000 FY 13 $1,591,176 Increase $ 310,176 18

Material Changes to FY 2013 $150,000 City match for TE North Main Streetscapes of $175,000 total match. The balance of the City match will be in FY The funding sources are as follows: TAD $53,405 and SPLOST III $96,595. This will reduce future unidentified streets project funding. Change of Fiscal year will require a City Ordinance and a separate audit. 19

Revenue Neutral FY 2013 Current Millage Rate is Full Revenue Neutral is 7.862; which is.57 mills greater than 2011 Revenue Neutral = $201,620 additional Payoff Police Software of $101,571 Fiber Connectivity of $60,000 Undesignated Streets Projects $40,049 20