07/15/2015 - Laserfiche WebLink

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• Franchise fees - decrease of$165,000, or(1.8)% • Continuation of funding for City electric/FMPA issues - $50,000 • One additional fulltime position - Senior Planner The M.S.T.U. departmental budgets are increasing$54,107 or 1.0%. Funding has been included for salary increases totaling $127,219. Many M.S.T.U. Fund revenues are improving for the upcoming fiscal year. Half-Cent Sales Taxis projected to increase by 5.0% overall, which will provide $409,913 in additional revenue to the MSTU Fund. State revenue sharing is expected to increase by $94,181 or 3.1%. Franchise Fee revenues are decreasing by$165,000 or 1.8%from the current fiscal year due to changing utility rates. Construction of the new Intergenerational Facility at Richard N. Bird South County Park should be completed mid -year in FY 2015/16. Funding in the amount of$150,000 has been included for startup and operating costs for this facility. Development activity has begun to pick up recently. In order to keep pace with increased workload, staff recommends restoring a Senior Planner in the Environmental Planning section. Based on the preliminary tax roll,the assessed value increased 7.1%compared to an increase of 5.1% last year. New construction added 1.4%, while existing values increased 5.7%. The proposed millage rate for the M.S.T.U. Fund is 1.0733, no change from last year. This is 5.7% above the rollback rate. Transportation Fund The recommended budget for the Transportation Fund is$14,310,369, a decrease of$468,300 or (3.2%) (page 32). It should be noted that the current year budget includes$832,112 for a one-time capital equipment catch-up. After accounting for the equipment purchases, fund expenses are actually increasing by$363,812 or 2.9%.Some of the major factors impacting the Transportation Fund Budget are presented below: • Salary increases - $268,903 salaries & benefits • Replacement Capital - $492,052 recommended (increase from $292,872) • Staffing increase - 3 FT positions, $148,280 One (1) full-time position has been added in Road & Bridge to maintain additional median landscaping along 66th Avenue and U.S. 1. One (1) maintenance worker has been added in Stormwater to assist in the operations and improve safety at PC Main and Egret Marsh.A Traffic Analyst has been added in Traffic Engineering to assist with increased workload. Constitutional gas taxes are increasing for next fiscal year by $45,000 or 2.9%. County gas tax sees a slight increase of $10,000 or 1.4%. Transfers from the General Fund and M.S.T.U. will account for 64.3% of total revenues next year compared to 58.0% for the current year. 10