CC Minutes 07/10/2012 - Laserfiche WebLink

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o Tree planting thro.,,,i City neighborhoods will continue follo�_ig a comprehensive City -wide plan. o The City plans to replace one Fire Engine and one Rescue vehicle to be deployed from Fire Station 21. The estimated cost is $700 Thousand and it will be drawn from General Fund balance. �� l I, 1' Preparation of the FY 2013 Proposed Budget called for continued austerity and my thanks are extended to the City's Department Heads who answered the call to keep personnel, operating and capital requests in -line with FY 2012 levels. The FY 2013 Proposed Budget, City -wide, comes to $43,597,898 which is $944,699 greater than the FY 2012 Adopted Budget. Spending growth is led by the Neighborhood Capital Improvement Fund where spending is $2 million greater in FY 2013. The spending is drawn from fund balance which had been accumulated through a late FY 2011 debt issue for this purpose. The Casselberry Redevelopment Agency (CRA) has plans for greater capital investment by $500 Thousand over FY 2012. The CRA will draw from fund balance also. Offsetting spending reductions can be summarized as follows: Spending out of the Equipment Replacement Fund (ERF) is reduced in FY 2013 by about $600 thousand to match current needs. ERF spending is generally fueled with debt proceeds from capital leases which are also less in FY 2013. The Water and Sewer Fund has discontinued recurring, annual interfund transfers in the amount of $400 thousand for the purpose of saving to invest in an alternative water supply source. Water pumping capacity from the City's wells is believed to be more than sufficient in the far term. The Stormwater Fund has scaled back capital improvement requests in FY 2013 over what was requested in FY 2012 by $600 thousand. The excess was drawn from fund balance last year. Highlights of Note in the Proposed Budget for FY 2013 • The millage rate is requested to remain set at 5.45 mills. Due to a the loss of 2.5% of taxable value applicable to FY 2013, the City will expect to collect $148 thousand less in property taxes than it did in FY 2012. Taxpayers will benefit from the tax reduction. • A cost of living salary increase is requested in the amount of 3 %. There has been no wage increase extended to employees in nearly four years. During the same period inflation has been measured to be 4.4% through Calendar Year (CY) 2011. It is projected to grow 1.8 % in CY 2012 and another 1.6% in CY 2013. In addition, social security withholding has been maintained 2% lower than normal as a Federal economic stimulus. The tax is expected to revert higher sometime soon. The City is extremely proud of the efforts and sacrifices made by its workforce. Please note that City Commissioners, the City Manager and Department Heads are excluded from the increase. o The General.Fund budget is balanced and a contingency reserve remains in the operating budget for purposes yet to be identified in the amount of $70,000. The loss in property tax revenue was compensated by higher sales tax revenues. Operating expense increases were offset by the elimination of an FY 2012 one -time transfer to the Infrastructure Surtax Fund of A -3