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FY 2021 Budget WorkshopO p e r a t i n g F u n d s

January 18, 2020 | Davenport City Hall

2

Schedule

January 18th | Operating Funds• FY 2019 Financial Review• FY 2020 Financial Update• Fund Accounting and Structure Essentials• FY 2021 Operating Budget Review

January 25th | Capital Funds• Debt Service Fund• Local Option Sales Tax Fund• Road Use Tax Fund• Six-year Capital Improvement Program

February 1st | City Administrator’s Budget & Work Plan• Previous Workshop Follow-Up• City Administrator’s Recommended FY 2021 Budget

Budget Introduct ion

3

4

FY 2021 Budget Packets

Overview of draft FY 2021 Budget binders

› Overview Memo

› Budget Summary Reports

› Department Business Plans & Detail Pages

› CIP Summary Report

› CIP Detail Pages

5

FY 2019 Year-End Summary Increased General Fund reserves during FY 2019, bringing total unassigned reserves

category to $12.0M.

Represents 24.8% of operating expenditures.

City Council Policy is between 17% and 25%.

-$12,000,000

-$10,000,000

-$8,000,000

-$6,000,000

-$4,000,000

-$2,000,000

$0Negative Cash Funds Totals

6

General Fund Unassigned Reserves

$-

$2

$4

$6

$8

$10

$12

$14

Mill

ions

Unassigned FundBalance

Minimum CouncilOperatingReserve (17%)Maximum CouncilOperatingReserve (25%)

24.8%

7

Liquidity Policy –Governmental Funds FY 2019

$0.0

$25.0

$50.0

$75.0

$100.0

$125.0

$150.0

$175.0

$200.0

Mill

ions

Current Assets in Excess of Current Liabilities

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

Mill

ions

Cash & Short-Term Investments of at least 50% of Current Liabilities

326% 200%

8

Liquidity Policy –Business Type Funds FY 2019

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

Mill

ions

Current Assets of at least 75% of Current Liabilities

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

Mill

ions

Cash & Short-term Investments of at least 15% of Current Liabilities

75%

15%

276% 121%

9

Bond RatingsDavenport’s Current Ratings

AA from Standard and Poor’s

Aa3 from Moody’s

Key Notes from S&P’s Report:

Strong budgetary performance

Very strong liquidity and adequate

economy

Key Notes from Moody’s Report:

“Positive Outlook”

Operating liquidity improvement is

expected to remain stable

Large and stable tax base in regional

economic center

10

FY 2019 ReviewFund or Fund Type June 30, 2018 June 30, 2019 Change Percentage

Governmental Funds $61,709,255Unrestricted Cash

$76,932,663Unrestricted Cash

+$15,223,408Unrestricted Cash +24.67%

General Fund(Unassigned)

$11,548,794Fund Balance


+$479,800Fund Balance +4.15%

Trust & Agency Fund $3,642,895Fund Balance


+$55,088Fund Balance +1.51%

Employee Insurance Fund

$2,554,026Net Position

$3,478,647Net Position

+$924,621Net Position +36.20%

Risk Fund -$1,344,558Net Position

-$1,831,630Net Position

-$487,072Net Position -36.23%

Hotel/Motel Tax Fund $1,430,464Fund Balance


+$416,820Fund Balance +29.14%

Local Sales Tax Fund $8,266,650Cash

$9,653,170Cash

+$1,386,520Cash +16.77%

Sewer Fund(Operations)

$3,522,185Cash

$6,579,065Cash

+$3,056,880Cash +86.79%

11

FY 2019 ReviewFund or Fund Type June 30, 2017 June 30, 2018 Change Percentage

Debt Service Fund $6,432,485Cash

$7,747,810Cash

+$1,315,325Cash +20.45%

Road Use Tax Fund $1,853,992Fund Balance


-$533,275Fund Balance -28.76%

Clean Water Fund $2,702,626Cash

$3,031,852Cash

+$329,226Cash +12.18%

Golf Fund $14,877Cash

$12,020Cash

-$2,857Cash -19.20%

Airport Fund $0Cash

$5,706Cash

$5,706Cash N/A

Transit Fund $88,906Cash

$675Cash

-88,231Cash -99.24%

Solid Waste Fund $1,120,803Cash

$1,336,356Cash

+$215,553Cash +19.23%

Parking Fund $2,947Cash

$67,319Cash

+$64,372Cash +2,184.32%

River’s Edge Fund $4,396Cash

$3,365Cash

-$1,031Cash -23.45%

12

Trust & Agency Fund Reserves

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

Fund Balance

25% OperatingReserve Goal

FY 2020 Update

13

14

FY 2020 Payroll Costs

0%

20%

40%

60%

80%

100%

% of Payroll BudgetUsed

Payroll costs are at 45.2% of budgeted levels, which is slightly below the expected level

of 46.2% as of the end of December

15

FY 2020 Healthcare Costs Claims and expenditures are currently trending below the original budget of $15.8M at

$14.1M.

As of the end of December, claims for FY 2020 are 1.7% lower than claims in FY 2019.

FY 2020 monthly average is $1,173,000.

$-

$500,000

$1,000,000

$1,500,000FY 2020 | Monthly Claims Totals

Claims TotalLinear (Claims Total)Linear Trendline

16

FY 2020 Departments Year-to-DateDepartment General Fund and

Trust & Agency All Funds Percent of Total Budget Used

Mayor $84,390 $84,390 48.1%

Council $269,201 $269,390 52.9%

Finance $983,001 $4,523,266 56.0%

City Administration $430,805 $560,367 45.3%

Legal - $446,009 51.7%

Human Resources $433,004 $8,330,601 43.5%

CPED $735,550 $7,359,666 43.2%

Civil Rights $206,559 $281,202 47.9%

50.1% Year Complete

17

FY 2020 Departments Year-to-Date

Department General Fund and Trust & Agency All Funds Percent of Total Budget

Used

Development & Neighborhood Services $1,148,725 $1,458,032 50.1%

Public Works $2,130,818 $23,839,703 50.9%

Police Department $13,958,649 $14,225,565 50.4%

Fire Department $9,771,378 $9,879,028 51.0%

Parks & Recreation $2,512,610 $4,336,929 54.0%

Library $2,027,867 $2,675,282 49.1%

50.1% Year Complete

Fund Account ing & Structure Essent ia ls

18

Fund Accounting & Structure Essentials

The purpose of fund accounting is to demonstrate compliance with federal, state, and local

laws with sources of money.

The city has 109 funds.

There are four major fund types:

› Governmental Funds

› Special Revenue Funds

› Internal Service Funds

› Enterprise Funds

19

20

Fund Essentials – Governmental Funds

General Fund

- Property tax levy ($8.10/$1,000 taxable value) (capped)

- Any legal public use- Broadest spending category- Public safety, code compliance, parks, support services

21


Trust & Agency Fund

- Revenue is received from the trust and agency property tax levy (not capped)

- Used for costs related to employee benefits like social security, health insurance and pensions

22


Hotel/Motel Tax Fund

- Generated by the hotel/motel tax of 7% for lodging in Davenport

- 50% for recreational, convention, cultural or entertainment facilities, or for thepromotion and encouragement of tourist and convention business in the city- 50% any legal public use

23


Library Special Levy Find

- Property tax levy ($0.27/$1,000 of taxable value) (capped)

- Library personnel costs, materials, and other items that enhance the library services

24


Flood Fund

- No designated revenue source- If received, reimbursed amounts from federal and state grants

- Costs associated with the city’s response to flooding

25


Emergency Tax Levy Fund

- Property tax levy ($0.27/$1,000 of taxable value) (capped)

- Transferred to the general fund

26


General Debt Service

- Debt service levy ($2.05/$1,000 of taxable value)(not capped)

- Expenditures related to the city’s general debt obligations (principal and interest payments)

27


Capital Improvement Fund- General obligation bonds, local sales tax receipts, and enterprise fund user fees- Federal and state grants

- Expenditures related to the acquisition, construction, renovation, or replacement of any major permanent physical asset in the community and related expenditures

28

Fund Essentials – Special Revenue Funds

Self-Supporting Municipal Improvement Districts- Voluntary property tax approved by property owners of the district

- Operating costs and capital improvements in the district

29


Road Use Tax Fund

- Generated by the motor fuel tax at the pump, vehicle registrations, and car rentals

- Use of day labor or public or private contracts for construction, reconstruction, or improvement projects on the municipal street system

30


Grant Funds

- Revenue is received through federal and state grant awards

- Special projects, community planning and economic development, etc. - Currently five active grant funds

31


Local Sales Tax- Voted by referendum in 1988- 1% of gross sales collected within Scott County redistributed by formula to cities in the county

- 60% used for property tax relief - 40% used for capital purchases and projects- Public safety vehicle purchases, parks vehicles, demolition CIP projects, debt service payments, traffic signal improvements, etc.

32


Riverfront Improvement Fund

- Revenue received from rents of levee land and buildings

- Any projects or expenditures related to the city-owned land along the levee of the Mississippi River- Under the administration of the Riverfront Improvement Commission

33


Youth Sports Fund

- Revenue received primarily from registration fees for youth sports activities (formerly Dad’s Club)

- Employee expenditures or any additional expenditures related to the youth sports and activities

34


Tax Increment Financing Funds

- Property taxes designated for the TIF district to meet economic development agreement obligations

- Expenditures of the various tax increment financing (TIF) districts needed to satisfy economic development agreement obligations

35

Fund Essentials – Internal Service Funds

Risk Fund

- All other funds/departments contribute to this fund based on risk premiums

- Employee workers’ compensation claims, property/liability insurance, and legal claims and personnel

36


IT Fund

- All other funds/departments contribute to this fund based on user charges

- IT Department payroll, software maintenance, electronic purchases, network security, etc.

37


Employee Insurance Fund

- All other funds/departments contribute to this fund based on per employee health insurance premiums

- Expenses related to claims, related insurance products, and consulting services

38

Fund Essentials – Enterprise Funds

Sewer Fund

- Sewer fees

- Costs generated from operating, maintaining, or improving the sewer system- Engineering and sewer personnel, water pollution control plant operations, sewer lateral program, emergency sewer repairs, etc.

39


Water Pollution ControlPlant Fund

- Cities whose wastewater is treated at the plant (including Davenport)

- Compost facility sales

- Operation, maintenance, and improvement of the city’s sewage treatment plant and compost facility

40


Clean Water Utility Fund

- Property owners clean water utility fee (ERU)

- Expenses related to the operation, maintenance, and improvement of the stormwater collection system

41


Parking Fund

- Ramp and lot charges, retail rental space at city-owned ramps, and parking fines

- Expenses related to the operation, maintenance, and improvement of city-owned ramps and parking lots and the enforcement of city parking ordinances

42


Transit Fund

- Property tax levy ($0.91/$1,000 of taxable value) (capped), grants, and rider fares

- Transit employee costs, farebox maintenance, fuel, bus maintenance, service agreements, etc.

43


Airport Fund

- Hanger rental, land rental, and fuel sales

- Expenses related to the operation, maintenance, and improvement of the city’s municipal commuter airport

44


RiverCenter Fund

- Facility charges- Subsidy provided by hotel/motel tax fund

- Expenses related to the operation, maintenance, and improvement of the city’s convention center (RiverCenter) and the Adler Theatre

45


Golf Course Fund

- Golf fees, cart rentals, and concessions

- Expenses related to the operation, maintenance, and improvement of three city-owned golf courses: Duck Creek, Emeis, and Red Hawk

46


River’s Edge Fund

- User fees for soccer leagues, ice/turf rentals, and special programs- Subsidy provided by the hotel/motel tax fund

- River’s Edge personnel, operations, maintenance, and improvement of the River’s Edge, utilities, etc.

FY 2021 Operat ing Budget

47

48

FY 2021 Budget Highlights

Complies with City Council policy for reserve and liquidity targets, while

maintaining the tax levy rate ($16.78/$1,000 taxable valuation)

2020/2021 Council Priority Inclusions

Development of the Public Safety Analytics Division

Addition of a Public Safety Business Administrator will allow sworn

personnel to focus on community-facing public safety initiatives

Increased personnel for neighborhood services

Cyber security

49

FY 2021 Budget

AdoptedFY 2020

ProposedFY 2021 Change

Operating $145,941,281 $151,288,771 +3.66%

Capital $49,356,669 $47,518,921 -3.72%

Debt $32,537,529 $33,171,832 +1.95%

Total $227,835,979 $231,979,524 +1.82%

50

FY 2021 Rollback Amounts

Property Class FY 2020 FY 2021

Agricultural 56.1324% 81.4832%

Residential 56.9180% 55.0743%

Commercial/Industrial 90% 90%

Multi-Residential 75% 71.25%

-3.24%

-5.00%

+45.16%

51

100% Valuation

$0.0$0.5$1.0$1.5$2.0$2.5$3.0$3.5$4.0$4.5$5.0$5.5

Bill

ions

Residential

Commercial

Multi-Residential

+4.7%

+9.4%

+9.1%

52

Taxable Valuations

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

Bill

ions

ResidentialCommercialMulti-Residential

+1.6%

+18.5%

+9.9%

53

FY 2021 Budget

State Backfill

Through SF 295, the backfill provides ≈$3M annually to Davenport to backfill

the property tax dollars lost from 10% reduction in commercial and industrial

property taxes

2018 Legislative Session threatened to reduce and/or eliminate the backfill

2020 Legislative Session is expected to be similar

The goal to mitigate the impact of the backfill on the operating funds has

been achieved. Realized backfill revenues will be used for one time capital

projects

54

FY 2021 Budget

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

Commercial Taxes & Rollback

55

FY 2021 Department Detail

Category Total Percent of Total Budget

Employee Expense $383,183 74.3%

Supplies &Services $111,368 21.6%

Allocated Costs $21,300 4.1%

Fund Total Percent of Total Budget

General Fund $344,306 66.7%

Trust & Agency $171,545 33.3%

City Council Office

56








Trust & Agency $56,462 30.7%

Mayor’s Office

57



Employee Expense $2,591,237 29.6%

Supplies &Services $5,691,826 65.0%

Equipment $25,000 0.3%



General Fund $1,443,877 16.5%

Trust & Agency $472,961 5.4%

Hotel/Motel Tax $48,219 0.6%

Risk Management Fund $5,771,228 65.9%

Sewer $533,173 6.1%

Solid Waste $163,876 1.9%Clean Water Fund $75,383 0.9%

Parking Fund $218,563 2.5%Local Option Sales Tax $25,000 0.3%

Finance Department

58








Trust & Agency $258,904 19.6%


Risk Management Fund $3,184 0.2%

City Administration Department

59







IT Fund $2,898,554 100%

Information Technology Department

60







Risk Fund $884,749 100%

Legal Department

61








General Fund $642,246 4.2%Trust & Agency Fund $167,486 1.1%

TIF Funds $3,472,100 22.7%Heritage Operating Fund $713,364 4.7%Scattered Sites Housing

Fund $366,499 2.4%

Section 8 Housing Fund $4,222,891 27.6%CDBG Fund $3,010,727 19.7%

HOME Investment Fund $2,000,000 13.1%

Community Planning and Economic Development Department

62



Residential Exterior Improvement Fund $20,000 0.1%

Storm Water Utility Fund $10,770 0.1%

Community Grant Loan Fund $10,000 0.1%

Local Option Sales Tax $205,412 1.3%

Housing-EconomicRecovery $153,423 1.0%

Community Planning and Economic Development Department

63








Trust & Agency Fund $112,229 19.3%

Fair Housing Fund $123,946 21.3%

Civil Rights Department

64





Equipment $1,860,950 3.8%

Allocated Costs $8,771,373 17.9%

Public Works DepartmentFund Total Percent of

Total BudgetGeneral Fund $2,548,412 5.2%

Trust & Agency Fund $1,460,139 3.0%Sewer Operating Fund $4,572,596 9.4%Water Pollution Control

Plant Fund $8,907,612 18.2%

Solid Waste Fund $5,589,414 11.4%

Clean Water Fund $2,385,027 4.9%Transit Fund $7,200,721 14.7%Airport Fund $316,904 0.6%

65

FY 2021 Department DetailPublic Works Department


Road Use Tax Fund $13,432,091 27.5%

Local Option Sales Tax $2,280,972 4.7%


Parking $37,800 0.1%

66







Development and Neighborhood Services Department


General Fund $1,945,251 54.9%


Parking Fund $768,940 21.7%


Clean Water Fund $7,716 0.2%

67





Equipment $300,219 1.1%



General Fund $19,254,407 67.7%

Trust & Agency $8,424,311 29.6%

Special Public SafetyFund $422,654 1.5%


Police Department

68





Equipment $183,500 0.9%



General Fund $13,254,608 66.1%

Trust & Agency $6,629,887 33.1%


Fire Department

69





Equipment $149,000 1.8%


Parks and Recreation Department


General Fund $4,200,301 51.2%


Golf Course $1,937,727 23.6%

Youth Sports $194,383 2.4%


River’s Edge $890,607 10.9%

70






Library DepartmentFund Total Percent of

Total Budget

General Fund $2,784,063 49.8%

Special Library Levy Fund $1,362,593 24.4%

Trust & Agency $1,446,369 25.9%

71





RiverCenter / Adler Theatre


Hotel/Motel Tax Fund $1,496,000 22.6%

RiverCenter Fund $5,126,850 77.4%

72

FY 2021 Budget

$30.0

$35.0

$40.0

$45.0

$50.0

$55.0

Mill

ions

General Fund

Revenues

Expenditures

+$20K

$17.0

$19.0

$21.0

$23.0

$25.0

Mill

ions

Trust & Agency Fund

Revenues

Expenditures

+$7K

73

FY 2021 Budget

73%7%

4%

3%2%

2%9%

General Fund Revenues

Taxes

Charges for Services

Licenses & Permits

Intergovernmental

Fines & Forfeits

Use of Monies & Property

Miscellaneous

78%

12%

10%

0% 0%

General Fund Expenditures

Salaries & Benefits

Allocated Costs

Supplies

Equipment

Non department

74

FY 2021 Budget

97%

0% 2% 1%

Trust & Agency Fund Revenues

Taxes


Intergovernmental

Miscellaneous88%

12%

Trust & Agency Fund Expenditures

Salaries & Benefits

Allocated Costs

75

FY 2021 Budget

81%

5%

2% 3%7% 1% 1%

General Fund and Trust & Agency Fund Revenues

Taxes


Licenses & Permits

Intergovernmental

Miscellaneous

Fines & Forfeits

Use of Monies & Property

81%

12%

7%0%

General Fund and Trust & Agency Fund Expenditures

Salaries & Benefits

Allocated Costs

Supplies

Equipment

76

FY 2021 Budget

AdoptedFY 2020

ProposedFY 2021 Change

Salaries & Benefits $60,166,031 $61,678,528 +2.51%

Supplies $4,797,451 $4,969,807 +3.59%

Equipment $77,500 $77,500 0%

Allocated Costs $8,391,521 $9,280,805 +10.60%

Total $73,432,503 $76,006,640 +3.51%

77

FY 2021 Budget

AdoptedFY 2020

ProposedFY 2021 Percent Change

Salaries $36,437,464 $37,102,631 +1.8%

Overtime $856,193 $888,693 +3.8%

Health Insurance $10,676,467 $11,197,959 +4.9%

Pension $10,813,634 $11,236,600 +3.9%

Other $1,382,273 $1,252,645 -9.4%

Total $60,166,031 $61,678,528 +2.5%

Salaries and Benefits Breakdown

FY 2021 Budget

Public Safety Analytics Division

Improve the utilization of public safety data to

drive operating decisions in the Police and

Fire Departments

Allow sworn staff to focus on the goal of a

well protected community

FY 2021 Budget Impact: $153,376

78

FY 2021 Budget

Cyber Security

Network Security Architect

Improve Davenport’s proactive efforts to build

an IT network that is sustainable and secure

from external attacks and threats


79

FY 2021 Budget

Enhanced Neighborhood Services

Code Enforcement Officer I

Improve the City’s response to nuisance and

code violations throughout Davenport


80

FY 2021 Budget

Davenport Public Library – Increased Staffing

Increase staffing to allow the Eastern and

Fairmont Library Branches to remain open

until 8:00pm Monday through Thursday


81

82

FY 2021 Budget

$0.0$2.0$4.0$6.0$8.0

$10.0$12.0$14.0$16.0

Milli

ons

Employee Health Costs

Average annual

increase 5.13%

83

FY 2021 Budget

$0.0$1.0$2.0$3.0$4.0$5.0$6.0

Milli

ons

Employee Health Fund – Cash Reserves

84


52%24%

15%

2%2% 3% 2%

FY 2021 Expenditures

Payment to Other Agencies*

RiverCenter

CIP (RiverCenter)

Maintenance & Utilities

Personnel

Marketing

River's Edge

*Other agencies include the Hotel Blackhawk/Current Reimbursement, Visit Quad Cities,civic support for special events, CASI, Putnam Museum, and the Quad Cities Air Show

85


$0.0$0.5$1.0$1.5$2.0$2.5$3.0$3.5$4.0

Milli

ons

Hotel/Motel Tax Fund Revenue

86

Hotel/Motel Tax FundFY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030

Revenue

Hotel Motel Tax $2,940,000 $2,984,100 $3,028,862 $3,074,294 $3,120,409 $3,167,215 $3,214,723 $3,262,944 $3,311,888 $3,361,567

Expenditures

Payment to Other Agency $1,331,000 $1,431,000 $1,471,000 $1,571,000 $1,621,000 $1,618,000 $1,533,000 $1,533,000 $1,533,000 $1,533,000

All Other Costs $1,602,491 $1,608,848 $1,615,336 $1,621,961 $1,628,726 $1,635,633 $1,642,687 $1,649,892 $1,657,251 $1,664,769

Total

Surplus/(Deficit) $(93,491) $(95,748) $(157,475) $(168,667) $(129,317) $(86,418) $39,036 $80,052 $121,637 $163,797

Ending Fund Balance $1,671,217 $1,575,469 $1,417,994 $1,249,328 $1,120,011 $1,033,593 $1,072,629 $1,152,682 $1,274,319 $1,438,116

87

Sewer Fund Cash Balance

-$6

-$4

-$2

$0

$2

$4

$6

$8

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Milli

ons

88

Sewer Fee Comparables

77.04 61.55

49.22 46.22 39.79 36.65 36.08 33.59 29.07 28.35 28.24

22.80

$0$10$20$30$40$50$60$70$80$90

Monthly Sewer Rate for 8 CCF

89

Sewer and WPCP Funds

• The Joint Use Cities developed a new 28E agreement to jointlyown, use, maintain, and improve certain interceptor sewers, thewater pollution control plant, and the compost facility.

• The new agreement establishes a new funding model with thefollowing funds:

› Water Pollution Control Plant (operations)› Water Pollution Control Plant Equipment Replacement

(15%)› Water Pollution Control Plant Reserve (2%)› Water Pollution Control Plan Debt (as necessary)

• The Joint Use Cities new 28E agreement was approved bycouncil on November 26, 2019.

• The new funding model results in a $373,023 (5.02%) increase inthe FY 2021 Budget.

90

No Fault Sewer Backup Reimbursement

FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Revenue $220,5245 $265,715 $296,456 $292,156 $250,230 $58,982

Expense $219,911 $80,359 $253,287 $155,316 $24,993 $71,598

Quarterly Rate $2.00 $2.00 $2.00 $2.00 $2.00 $0.50

Claims 90 23 132 15 16 26

Average Cost $2,443 $3,494 $1,919 $10,354 $2,674 $4,411

Net $614 $185,356 $43,169 $136,839 $225,237 $(12,616)

Available Program Balance $614 $185,970 $229,139 $365,978 $591,215 $578,599

91

Sewer Rate Changes

FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

Quarterly Customer Charge $24.93 $26.64 $28.47 $29.89 $31.38

Volume Rate per CCF $4.76 $5.09 $5.45 $5.72 $6.01

Monthly Increase* $2.70 $2.88 $3.13 $3.29 $3.45

Quarterly Increase* $8.11 $8.64 $9.39 $9.86 $10.35

7% annual increase in FY 2019 – FY 2022

*Average Residential Customer at 8 CCFs

92

Solid Waste Fund Cash Balance

$0$200,000$400,000$600,000$800,000

$1,000,000$1,200,000$1,400,000$1,600,000

93

Solid Waste Fees per Month

Rate Rate Rate$13.02 $16.59 $20.19

$13.41 $0.39 $17.09 $0.50 $20.80 $0.61

$13.81 $0.40 $17.60 $0.51 $21.42 $0.62

FY 2020FY 2021

FY 2022

3% annual increases

94

Solid Waste & Recycling

Staff will continue to monitor andassess potential external impacts tothe current recycling program.

Future recycling tipping fees may benecessary in a prolonged weakrecyclable commodity market.

Recycling remains an importantsustainability service in the Davenportcommunity.

95

Clean Water Fund Cash Balance

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

96

Clean Water Fund

FY 2021 Clean Water Projects Stormwater Best Management Practice cost

share for residential and commercial properties Blackhawk Creek stabilization Hydraulic/flood study in the Hickory Grove and

Marquette area An additional working unit has been created through

a staffing position transfer and funding from CIPallocations. With two working units the division willbe more effective supporting the operation,maintenance, and improvement of the stormwatersystem.

97

ERU Residential Clean Water Fee

Rate per Month IncreaseFY 2020 $2.80 -FY 2021 $2.88 $0.08FY 2021 $2.97 $0.09

3% annual increases

98

Parking Fund

55%

6%1%

38%

Parking Fund Revenues


Fines & Forfeits

Use of Monies &Property

Miscellaneous (DebtService Fund Transfer)

16%

23%

12%

49%

Parking Fund Expenses

Salaries &BenefitsSupplies

Allocated Costs

Debt Service

99

Parking Fund

Increased demand as well as recent technologyimprovements in parking stations and enforcementare increasing revenues collected in the ParkingFund.

The parking ramp debt will be completely retired inFY 2021. The total payment amount is $978,400.

Following the retirement of this debt, staff ispreparing to shift $150,000 annually to theongoing maintenance and security of the ramps.

100

Transit FundFY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

Revenue

Rider Fees $515,216 $533,865 $494,410 $899,113 $422,570 $413,710 $455,774

Property Taxes $3,580,415 $3,646,576 $3,602,973 $3,574,407 $3,576,836 $3,667,870 $3,851,795

Grants $1,163,780 $2,785,015 $2,172,106 $2,083,842 $2,047,183 $1,880,753 $2,262,548

Other $429 $(7,375) $(384,790) $(19,661) $18,038 $16,800 $18,025

Expenditures

Employee Expenses $2,612,727 $2,752,309 $3,038,146 $3,316,875 $3,400,345 $3,382,692 $3,827,483

Supplies & Services $3,167,655 $3,277,876 $3,205,018 $2,906,463 $2,918,360 $2,995,600 $3,198,268

Total

Surplus/(Deficit) $(520,542) $942,296 $(358,465) $314,363 $(254,078) $(399,159) $(437,609)

*Does not include depreciation

101

Transit Fund

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,000

Transit Revenues and Expenditures

RevenueExpenditures

*Does not include depreciation

102

Transit Fund

Revenue Total Percent of Total Budget

Rider Fees $357,100 5.0%

Property Taxes $4,163,975 58.6%

Grants $2,217,858 31.2%

Transfer In $350,000 4.9%

Other $20,500 0.2%

Expenditure Total Percent of Total Budget


Supplies & Services $1,840,123 25.4%

Debt Service $32,620 0.4%


Transit Fund FY 2021 Budget

103

FY 2021 Impact to a Median Household

Annual Change(In Dollars)

Property Taxes* -$41.01

Sewer Fee +$34.71

Solid Waste Fee** +$5.93

Clean Water Fee +$0.99

Net Impact +$3.18

**assumes medium garbage cart

*median home property value $132,779

Property taxes decreaseddue to a 3.24% reductionin the residential rollback

104

FY 2021 Budget Highlights

Complies with City Council policy for reserve and liquidity targets, while

maintaining the tax levy rate ($16.78/$1,000 taxable valuation)

2020/2021 Council Priority Inclusions

Development of the Public Safety Analytics Division

Addition of a Public Safety Business Administrator will allow sworn

personnel to focus on community-facing public safety initiatives

Increased personnel for neighborhood services

Cyber security

105

ScheduleJanuary 18th | Operating Funds

•FY 2019 Financial Review•FY 2020 Financial Update•Fund Accounting and Structure Essentials•FY 2021 Operating Budget Review

January 25th | Capital Funds•Debt Service Fund•Local Option Sales Tax Fund•Road Use Tax Fund•Six-year Capital Improvement Program

February 1st | City Administrator’s Budget & Work Plan•Previous Workshop Follow-Up•City Administrator’s Recommended FY 2021 Budget

THANK YOU

fy 2021 budget workshop - cityofdavenportiowa.com...› cip summary report › cip detail pages. 5....

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