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Similaire à Police station presentation for council 10 21-10
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Police station presentation for council 10 21-10
- 1. City Council Finance Commi/ee Thursday, October 21, 2010
- 2. Overall net direct debt will not exceed 10% of assessed valua=on. FY13 ESTIMATED Assessed Valua=on: $ 3,339,427,199 x 10% = $333,942,720 Overall FY13 ESTIMATED net direct debt: $6,339,045 or 1.7% Total General Fund general obligaGon debt service and capital spending (including debt exclusion and capital exclusion overrides) will not exceed 10% of General Fund opera=ng revenues. Total ESTIMATED General Fund $77,479,577 -‐ Interfund Transfers, Reserves and State Off-‐set Receipts = $68,746,211. Debt to Opera=ng Ra=o 8.2% General Fund levy-‐supported general obligaGon debt service and capital spending (exclusive of dedicated revenue sources such as debt exclusion and capital exclusion overrides, state reimbursements, parking system receipts, etc.) will not exceed 5% of net General Fund operaGng revenues. Levy-‐Supported Debt Service and Capital Spending (within Levy Limit) as a % of net General Fund opera=ng revenues: 2.6%
- 3. $3,000,900 $32,595,709 $8,896,500 $3,910,000 $20,335,500 $2,443,600 $-‐ $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 Culture and Recrea=on Educa=on General Government Human Services Public Safety Public Works
- 4. $3,910,000 $1,358,000 $500,000 $6,500,000 $22,516,209 $29,428,000 CDBG Comcast I-‐net CPA Energy Savings General Fund Override
- 5. $377,000 $33,054,609 $7,128,000 $2,121,500 $1,772,000 $23,408,600 $1,802,000 $1,518,500 Acquisi=on Building Renova=on Energy Equipment Infrastructure Improvements New Building Repair/Renova=on Vehicle
- 6. • Planning began in 1994 under during the Ford administra=on • Joint Police/Fire facility studied in 1995 as a part of the planning for the new Fire Sta=on • ruled out because of the cost of land in the downtown area • City Council funded Police Facility Needs Assessment in 2003 • Capital Improvements Commi/ee recommends funding for construc=on in FY 2006 • City Council Funded Design/Build process in 2007 • Cost of the new sta=on is es=mated at $17 million in 2008 • Economic downturn impacts the City’s ability to fund the sta=on’s construc=on under the City’s current Debt Ceiling • City unsuccessfully looks for outside funding (e.g. Federal s=mulus grants) • Council votes to put the override ques=on to the voters in 2010
- 7. $-‐ $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Debt Exclusion Override (JFK) Debt Exclusion Override (High School) Debt Exclusion Override (Fire Sta=on)
- 8. $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Debt Exclusion Override (JFK) Debt Exclusion Override (High School) Debt Exclusion Override (Fire Sta=on) Debt Exclusion Override (Police Sta=on)