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March 28, 2000
<br />FY 2001 OPERATING BUDGET OVERVIEW
<br />
<br />Fi,qure 2: Summary of FY 2001 Proposed City Bud,qet
<br />
<br /> FY 1999-2000 FY 2000-01 Variance Percentage
<br />Source Bud,qet Bud,qet + / - Chanqe
<br />
<br />General Fund $165,459,305 174,490,533 9,031,228 5.5 %
<br />Social Services 17,905,040 17,383,818 (521,222) (2.9)
<br />Behavioral Healthcare 9,781,187 10,563,621 782,434 8.0
<br />Public Utilities 21,338,278 22,323,176 984,898 4.6
<br />Golf Enterprise 2,360,464 2,526,714 166,250 7.0
<br />Internal Service Funds 14,221,992 11,716,611 (2,505,381) (17.6)
<br />Stormwater Management 3,040,940 2,336,000 (704,940) (23.2)
<br />Education 128,010,826 130,081,948 2,071,122 1.6
<br />Other 6,918,252 7,688,512 770,260 11.1
<br />
<br />Total $ 369,036,284 379,110,933 10,074,649 2.7 %
<br />
<br />The FY2001 Operating Budget [Figure 2] presented to you today totals $379 million for
<br />all funds and activities, including the public schools. This total represents a 2.7%
<br />
<br />increase over the current year's budget. An
<br />important premise of this budget is that we
<br />must continue to balance our spending,
<br />saving and investing. [Figure 3] Just as
<br />individuals must allocate their income to
<br />these three purposes, so must the City. Our
<br />goal is to spend responsibly, save prudently
<br />and invest wisely while anticipating the
<br />impacts of our choices on the City's long-term
<br />fiscal strength.
<br />
<br />Figure 3: The Balancing Act
<br />
<br /> Prudent
<br />
<br /> Savings
<br />
<br /> Wise
<br /> Investing
<br />Responsible
<br />
<br />Spending
<br />
<br />Within the goal area of fiscal strength, the City Council has adopted a set of objectives
<br />that must also be balanced and that serve to measure our success toward achieving our
<br />goals. These objectives form the framework surrounding this proposed budget. To that
<br />end, this message is organized around these objectives.
<br />
<br />REVENUES
<br />
<br />Revenues Objective: Increase revenues through growth in the tax base
<br />and through continuing efforts to attain additional state and federal
<br />funding.
<br />The first and possibly most important objective is revenue. Without a steady source of
<br />income, there would not be sufficient resources to provide services. An emphasis on
<br />growth in the tax base and state and federal funding is critical because 83% of operating
<br />fund revenues are derived from local taxes and certain revenues from the
<br />Commonwealth. Our largest single revenue source is local real estate taxes. [Figure 4)
<br />
<br />Figure 4: FY 2001 Operating Revenues
<br />
<br /> Transfers In
<br />Charges for Services
<br /> 3% Miscellaneous
<br /> 9% % 1% Utility taxes
<br /> 8%
<br />
<br />Commonwealth
<br /> 22% q
<br />
<br />Licenses, Permits,
<br />Fines & Forfeitures~
<br /> 1%
<br />
<br />Other Local Taxes
<br />13%
<br />
<br />'Recovered Costs 2%
<br />
<br />General Property
<br />Taxes
<br />4O%
<br />
<br />
<br />
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