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December 10, 2019 2019 BUDGET PRESENTATION.

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Presentation on theme: "December 10, 2019 2019 BUDGET PRESENTATION."— Presentation transcript:

1 December 10, 2019 2019 BUDGET PRESENTATION

2 2019 Budget Timeline Next Steps: Fall 2018 Oct. 27 Nov. 26
SPECIAL Council Meeting Targeted for First Reading and Motion to Advertise Fall 2018 Oct. 27 Nov. 26 Nov. 28 & 29 Nov. 29 Dec. 18 Public Comment Period Review Period 1st Budget Workshop Departments present their proposed 2019 budgets 2nd Budget Workshop Discussion of current and new Revenue sources SPECIAL Council Meeting Proposed Budget Presentation Dec. 10 Three Public Meetings for Residents to Comment on the Budget 2019 Budget Adoption Potential Adoption of the Proposed 2019 Budget Next Steps: TONIGHT – Motion to Advertise Proposed 2019 Budget DEC 18 - Consider Adopting a Budget for Fiscal Year 2019

3 Which is a $628,865.91 (1.9%) increase over 2018 expenditures.
Budget Trend Previous Budgets Preliminary 2019 Budget $34,545,082.99 Which is a $628, (1.9%) increase over 2018 expenditures. Our initial preliminary budget for 2019 (presented in Oct) was $34,689, Staff was able to decrease budget by -$203,448.31 Our since Nov. 29 budget presentation, which proposed expenditures of $34,486,045.51, budget increased by $59, Proposed 2019 Budget

4 2019 Budget Breakdown Debt Service Overhead Insurance & Pension
DEPARTMENT 2019 Budget % Total Administration $394,972.47 1.1% Executive & Contributions $122,600.00 0.4% Human Resources $218,512.29 0.6% Finance & Tax $804,889.63 2.3% Law $392,500.00 IT $263,500.00 0.8% Administrative Overhead $4,036,163.00 11.7% Recreation $402,448.15 1.2% Code Enforcement $953,823.15 2.8% Planning & Dev $877,536.02 2.5% Fire $2,784,576.00 8.1% Insurance, Pension, & Comp. $5,239,461.00 15.2% Police $8,790,141.32 25.4% Debt Service $4,200,000.00 12.2% Public Works $5,063,960.96 14.7% 2019 Total Prelim. Budget $34,545,082.99 100% Debt Service Overhead Insurance & Pension Public Works Police Fire

5 2018 v. 2019 Expend. DEPARTMENT Adopted 2018 Prelim 2019 Variance
% Change Administration 391,427.35 394,972.47 3,545.47 0.9% Executive & Contributions 124,700.00 122,600.00 - 2,100.00 - 1.7% Finance & Tax 768,533.00 804,889.63 36,356.63 4.7% Human Resources 206,442.00 218,512.29 12,070.29 5.8% Law 392,500.00 - 0% Administrative Overhead 4,036,163.00 4,036,162.00 Recreation 345,941.00 402,448.15 56,507.15 16.3% IT 263,500.00 Code Enforcement 874,494.00 953,823.15 79,329.15 9.1% Planning & Dev 872,105.56 877,536.02 5,430.02 Police 8,639,976.00 8,790,141.32 150,165.32 1.7% Fire 2,766,284.00 2,784,576.00 18,292.00 0.7% Public Works 4,856,302.86 5,063,960.96 169,269.88 3.5% Insurance, Pension, & Comp. 5,139,461.00 5,239,461.00 100,000.00 1.9% Debt Service 4,200,000.00 Budget Totals 33,916,218.08 34,545,082.99 628,865.91

6 Expenditure Increases
Proposed 2019 Budget $ 628, increase CATEGORY Amount Changed % of Total Personnel Cost + $ 329,070.31 52.3% Operational Cost + $ 199,795.60 31.8% Insurance Cost + $ 100,000.00 15.6%

7 Expenditure Increases
Change in Personnel Cost $ 329, Increase Total in 2019 % of 2019 Amount Change % of Personnel Change ($329,070.31) % of Total Change ($628,865.91) % Change Impact on $34 M Contractual Personnel $ 11,133,622.90 32.2% + $ 256,969.21 78.9% 40.8% 0.7% *Amount Change includes Police (55%), Laborers (32%), & Clerical (13%) Non-Contractual $ 3,597,030.60 10.4% + $ 72,101.10 21.9% 11.5% 0.2%

8 Revenue Trend 2016-2019 $ 33,115,200.18 Projected 2019 Revenue
Change in Assessment 2018 $ 879,289,212.00 2019 $ 875,764,044.00 Projected 2019 Revenue $ 33,115,200.18 $ 762, (2.3%) decrease over 2018 Nov. Projected Revenue was 32,701,650.18; increased revenues by $413, based on NRN projections Anticipated Deficit $ 1,429,882.81 ($34,545, – $33,115,200.18) Budgeted Expenditures – Anticipated Revenues Decreased the deficit by $ 354,511.52 Unaudited estimate

9 2019 Revenue Breakdown Debt Service Overhead Insurance & Pension
DEPARTMENT 2019 Budget % Total Property Taxes 12,723,545.18 38.4% Local Enabling Taxes 11,633,850.00 35.1% Licenses & Permits 1,020,350.00 3.1% Non Business Permits 110,000.00 0.3% Fines & Forfeits 813,000.00 2.5% Interest, Rent, Royalties 149,000.00 0.4% PILOT 22,700.00 0.1% Intergov. Grants 1,651,065.00 5.0% Waste Collection 2,766,180.00 8.4% General Government 313,935.00 0.9% Public Safety 926,000.00 2.8% Highways & Streets (Meters) 370,100.00 1.1% Culture & Recreation 74,475.00 0.2% Miscellaneous 541,000.00 1.6% 2019 Total Projected Revenues $ 33,115,200.18 Debt Service Overhead Insurance & Pension Public Works Police Fire

10 2018 v. 2019 Revenues REVENUE SOURCE Adopted 2018 Prelim 2019 Variance
% Change Property Taxes 12,751,229.00 12,723,545.18 -27,683.82 -0.2% Local Enabling Taxes 11,285,300.00 11,633,850.00 348,550.00 3.1% Licenses & Permits 1,010,700.00 1,020,350.00 9,650.00 1.0% Non Business Permits 165,360.00 110,000.00 -55,360.00 -33.5% Fines & Forfeits 871,000.00 813,000.00 -58,000.00 -6.7% Interest, Rent, Royalties 173,342.00 149,000.00 -24,342.00 -14.0% PILOT 22,700.00 0.00 0.0% Intergov. Grants 1,516,333.00 1,651,065.00 134,732.00 8.9% Waste Collection 2,659,872.00 2,766,180.00 106,308.00 4.0% General Government 315,786.00 313,935.00 -1,851.00 -0.6% Public Safety 890,500.00 926,000.00 35,500.00 Highways & Streets (Meters) 400,100.00 370,100.00 -30,000.00 -7.5% Culture & Recreation 82,500.00 74,475.00 -8,025.00 -9.7% Miscellaneous 606,000.00 541,000.00 -65,000.00 -10.7% Fund Reserves 1,127,019.00 -1,127,019.00 - Budget Totals 33,877,741.00 33,115,200.18 -762,540.82 -2.3%

11 2019 Revenue Breakdown Options for Revenue Generation:
PILOT for tax-exempt properties (voluntary) Revised fee structure Administration – Charging $50 for Block Party Applications Recreation – New Hourly Park Permits Fee Structure and Facility Rental Fees Public Works – Increase Permit/Application Fees Codes Enforcement – Increase Fees for Rental Licenses and Plan Reviews; NEW Quarterly Pricing for Contractor Licenses and New Calculations for residential and commercial building permits (modifications/repairs only) 2019 Fee Schedule to be Proposed on Dec. 18 Workshop Meeting

12 256 non-municipal tax exempt properties Total Tax-Exempt Properties
PILOT Analysis Payment in Lieu of Taxes Voluntary payments made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership of use of real property 256 non-municipal tax exempt properties Category Total No. Assessed Value Exempt Taxes Non-Taxing Body tax-exempt properties 229 $85,893,195.00 $1,262,629.97 Montgomery County properties 20 $37,249,650.00 $547,569.86 Norristown Area School District properties 7 $28,020,140.00 $411,896.06 Total Tax-Exempt Properties $151,162,985.00 $2,222,095.88

13 Fund Balance Forecast “The Municipality had a $1.1 million deficit in 2018 and is leaning on its reserves to fill it. Absent corrective action, the deficit grows to $1.8 million in 2020 and then $2.4 million in 2021, before shrinking when debt payments drop in 2022” (Source: National Resource Network, 2018). 2018 2019 2020 2021 2022 2023 Debt Service (in $ millions) $4.0 $3.9 $1.4 $0.9

14 Fund Balance after Budget Avg. Impact on Prop. Owners
2019 Funding Proposal Combination Millage Increase & Fund Reserves Year Millage Increase Revenue Use from Reserves Fund Balance after Budget Avg. Impact on Prop. Owners Option 1: No Millage Increase 14.7 N/A $1,429,882.81 $6.4 M No immediate impact Option 2: 0.5 Mill Increase 15.2 $423,344.34 $1,006,538.47 $6.8 M + $44.42/year (3.4% increase) Option 3: 1.0 Mill Increase 15.7 $846,668.68 $583,194.13 $7.2 M + $88.84/year (6.8% increase) Millage calculations are based on the average assessed property value of $88,837.90 and only reflect the average impact on property owners.

15 Millage Comparison Municipality 2.727 $ 946,644.66 4.475 $ 924,738.32
Value of 1.0 Mill East Norriton (2018) 2.727 $ 946,644.66 West Norriton (2018) 4.475 $ 924,738.32 Montgomery County (2018) 3.459 $ 59,447,715.41 Norristown (2018) 14.7 $ 879,289.21 Norristown (2019) $ 875,764.04 Calculations are based on Municipal/County Budget Presentations for 2018

16 2019 Budget Timeline Next Steps: Fall 2018 Oct. 27 Nov. 26
2019 Budget Adoption Potential Adoption of the Proposed 2019 Budget Fall 2018 Oct. 27 Nov. 26 Nov. 28 & 29 Nov. 29 Dec. 10 Public Comment Period Review Period 1st Budget Workshop Departments present their proposed 2019 budgets Dec. 18 2nd Budget Workshop Discussion of current and new Revenue sources Three Public Meetings for Residents to Comment on the Budget SPECIAL Council Meeting Proposed Budget Presentation SPECIAL Council Meeting Targeted for First Reading and Motion to Advertise Next Steps: DEC 18 - Consider Adopting a Budget for Fiscal Year 2019

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