5-2017 CM Proposed Allfunds.xlsx
Transcription
5-2017 CM Proposed Allfunds.xlsx
TOWN OF ADDISON CITY MANAGER PROPOSED FY2017 ANNUAL BUDGET Filed with the City Secretary July 29, 2016 This budget will raise more revenue from property taxes than last year's budget by an amount of $895,945, which is a 3.83 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $147,392. The above statement is required by Section 102.005(b), Loc. Gov. Code. TOWN OF ADDISON CITY MANAGER PROPOSED BUDGET FOR FY2017 TABLE OF CONTENTS City Manager Transmittal Letter Pages 1-8 Summary Pages 9-11 All Funds Summary Statement Exhibit A Property Tax Distribution Calculations Exhibit B Budgeted Departmental Staffing Summary Exhibit C General Fund Schedule of Revenues by Source Exhibit D-1 General Fund Statement Exhibit D-2 Hotel Special Revenue Fund Statement Exhibit D-3 Other Special Revenue Fund Statements Exhibits D-4 to D-11 General Obligation Debt Service Fund Statement Exhibit D-12 Hotel Occupancy Tax Debt Service Fund Statement Exhibit D-13 Infrastructure Investment Fund Statement Exhibit D-14 Capital Projects Fund Statement Exhibit D-15 Airport Enterprise Fund Statement Exhibit D-16 Utility Enterprise Fund Statement Exhibit D-17 Storm Water Enterprise Fund Statement Exhibit D-18 Self-Funded Special Project Fund Exhibit D-19 Addison Grove Escrow Fund Exhibit D-20 Information Technology Internal Service Fund Statement Exhibit D-21 Capital Replacement Internal Service Fund Statement Exhibit D-22 General Fund Long-Term Financial Plan Exhibit E-1 Hotel Special Revenue Fund Long-Term Financial Plan Exhibit E-2 Airport Fund Long-Term Financial Plan Exhibit E-3 Utility Fund Long-Term Financial Plan Exhibit E-4 Storm Water Fund Long-Term Financial Plan Exhibit E-5 Modified Level of Service Items Exhibits F-1 to F-2 Airport Operator Operation and Maintenance Budget Exhibit G Capital Projects Summary Exhibit H-1 to H-3 Long-Term Debt Outstanding Exhibit I-1 to I-3 July 29, 2016 Honorable Mayor and Members of the City Council, I am pleased to present the fiscal year 2017 proposed budget for the Town of Addison. It has been prepared in conformance with the requirements of the Town Charter, Town financial policies, and State law. This budget represents the expected revenues and planned expenditures for the Town’s fiscal year from October 1, 2016, to September 30, 2017. The proposed budget for fiscal year 2017 seeks to build a solid foundation for the future by putting first things first and living within our means. While Addison is currently enjoying the fruits of prosperity, it is important that we begin to make plans today to address a number of big issues that will impact the Town’s prosperity in the future. The fundamental issues of how we fund and rebuild our infrastructure and facilities, how we attract, train, and retain talented and effective staff, and how we continually improve the way we do business and the services we provide so that Addison remains a vibrant and attractive place to live, work, and play all need to be addressed. With this budget, staff recommends allocating resources according to our needs and the priorities of our citizens and City Council, while maintaining the conservative fiscal approach that has allowed Addison to continue to maintain our stellar bond ratings (S&P AAA; Moody’s AA1). This budget seeks to balance the high demand for quality services with the ever increasing cost to deliver those services. Staff has worked hard to develop a clear understanding of the needs that should be addressed. It is important for the community to know of these needs so that everyone understands that hard choices will have to be made. Property Values According to the Dallas Central Appraisal District, the total assessed property value for fiscal year 2017 equals $4.3 billion, which equates to an overall increase of approximately $264 million or 6.5% over the previous year. Tax Rate The proposed budget reduces the Town’s tax rate from $0.579150 in fiscal year 2016 to $0.564131. This tax rate allows the Town to continue to provide quality services and to begin to address outstanding issues related to infrastructure, attracting and retaining talented employees, and increases in the cost of doing business. Of the total tax rate, $0.381215 is dedicated to operations and maintenance in the General Fund, and $0.182916 is dedicated to general obligation debt service. The average taxable value for a single-family home in Addison is $287,033, an increase of approximately $18,500, or 6.9% from the previous year. At a property tax rate of $0.564131, the municipal tax paid on the average single-family home will be approximately $1,620, an increase of $64.27 over the previous year. GENERAL FUND The General Fund Accounts for all expenditures for traditional government services (Public Safety, Parks & Recreation, Administration, etc.). General Fund revenue is generated from ad valorem property taxes, a one-cent portion of the sales tax, and a variety of fees for services. General Fund revenues total $35.7 million for the fiscal year 2017 budget, an increase of 7% over last year. The Town’s sales tax remains at the state maximum of 8.25%. Of that amount 2% is for local use with 1% contributed to the Town of Addison’s General Fund and the other 1% dedicated for our contribution to our membership in the Dallas Area Rapid Transit (DART) system. The sales tax received by the General Fund is projected to generate revenue of approximately $13.4 million, a 2.8% increase from the estimated 2015-2016 year-end. We believe this is a conservative projection given continued positive economic activity. General Fund operating expenditures total $35.3 million, reflecting a 6% increase from the estimated fiscal year 2016 budget. The available ending fund balance for the General Fund is projected to be $11,147,999 leaving 31.2% of operating reserves, which exceeds the Town policy of 25%. In order to maintain the existing levels of service that the Town provides, this budget proposes to fund the following in the General Fund: - Compensation – This budget proposes merit increases of between 0% - 5% for a total average increase of 3%. These funds are budgeted to take effect January 2017. Additionally, this budget plans for a certification pay study and an amount of $190,000 for implementation of the study’s findings. - Health Insurance – We anticipate additional costs related to our health insurance coverage. We are budgeting for a 5% increase (approximately $148,000). Any costs in excess of our 5% budget we plan on addressing with adjustments to the design of our health benefit plan. - Development Services – 1 FTE: An entry-level planner position is requested to be funded at half the fiscal year to alleviate the work load on the Assistant Director of Development Services. The new position will focus on basic planning functions such as answering inquiries, researching zoning issues, and processing routine requests. The added position will allow the Assistant Director focus on complex zoning cases, leading long-range planning efforts, addressing code revisions, and managing the other aspects of the Development Services operations. 2 - Fire – 0.7 FTE: It is requested that we convert the part-time Fire Inspector (0.3 FTE) to a full-time Fire Inspector. This full-time Fire Inspector will be able to assist the current Fire Prevention Specialist (an Addison Fire Department Captain) in completing prevention activities related to the built environment (i.e. building inspections, plan review, systems testing, etc.). Not only will the full-time position help alleviate the current work load, this is an important part of succession planning as the current Fire Prevention Specialist has been with the Town for 33 years. - Parks – 1 FTE: A Fountain/Electrical Technician is requested to be funded at half the fiscal year to maintain the Town’s many fountains and related electrical systems. Currently, Irrigation Technicians do this repair work but they are not trained to do so and are spending approximately 29% of their time working on fountains and electrical work instead of caring for the irrigation systems. This position would resolve potential liability concerns as well as improve the efficiency of our Irrigation Technicians. - Economic Development – The Addison Grove project will begin this year. The Town is obligated to pay incentive fees to the developer based on certain performance criteria. It is expected that the first incentive payment will be paid in fiscal year 2018. Per the funding plan presented to Council, we are preparing to fund these incentive payments through transfers from various funds into a special revenue fund for this project. This year, the General Fund will transfer $500,000 to the Addison Grove Escrow Fund. Additional dollars are budgeted to cover the increasing costs to maintain existing levels of service. Examples of such increases include: payment to the North Texas Emergency Communications Center, maintenance of Town facilities, irrigation water costs for Parks facilities, landscape maintenance, Texas Municipal Retirement System increases associated with actuarial changes, and credit card charges that the Town absorbs, just to name a few. HOTEL FUND The Hotel Fund collects funds from a 7% tax on hotel rooms rented in the Town of Addison. These funds are used to support projects that enhance and promote tourism, the arts, and the convention/hotel industry in Addison. Fund revenues for fiscal year 2017 are expected to total $9.5 million with budgeted expenses of $7.7 million. The available ending fund balance for the Hotel Fund is projected to be $4.2 million, leaving 46.5% of operating reserves, which exceeds the Town policy of 25%. The Hotel Fund budget includes the costs associated with the Performing Arts department. The only remaining expenditure in the Performing Arts department is the 3 grant to the WTT. Tracking all expenditures paid to non-profits is an important component of adhering to best business practices and ensuring that our Theatre and Conference Centre are competitive in the convention and theatre market. This budget proposes to fund the following in new items from the Hotel Fund: - Roof and Fire Suppression Repair – $438,000 for repair of the Conference and Theatre Centre roof and fire suppression system. - Marketing Specialist – 1 FTE: A Marketing Specialist is requested to keep up with the need to communicate externally to attract people to Addison. Additionally, this position will play an important role in the implementation of a comprehensive Town communication plan. - Sales Consultant – 1 FTE: A Sales Consultant is requested to convert the current contract employee to a Town employee. Creating this FTE appropriately reflects the true employment relationship and brings the Town in compliance with the Fair Labor Standards Act. It is anticipated that this position will generate sufficient revenues for the Conference Centre to cover the costs associated with this position. - Position Reclassification – It is requested that the Senior Special Events Coordinator position be reclassified to a Special Events Manager. This reclassification is in keeping with the succession planning efforts of the Special Events Department. UTILITY FUND The Utility Fund is expected to begin fiscal year 2017 with a working capital balance of $10,069,003. The total fund revenues are expected to be approximately $10,727,000, allowing for budgeted expenses of $10,142,846. The available ending working capital balance for the Utility Fund is projected to be $3,774,400, leaving 37.2% of operating reserves, which exceeds the Town policy of 25%. Notable items in the Utility Fund this year include: pending increases in both water and sewer rates of approximately 2% or $0.78 per month for an average residential user of 5,000 gallons of water. This increase is caused by increased costs charged to the Town by our water and sewer providers, Dallas Water Utilities and The Trinity River Authority respectively. Per ordinance, these cost increases are passed on to water and sewer consumers. A total of $4.7 million in capital projects has been proposed in the Utility Fund for fiscal year 2017, which will be paid from working capital balance. This budget proposes to fund the following in new items from the Utility Fund: - Geographical Information System (GIS) Analyst – 0.33 FTE: A GIS Analyst is requested to build our internal organizational capacity in this area with an eye 4 towards creating a comprehensive asset management program. GIS is a critical part of being able to manage the Town’s assets (infrastructure, facilities, etc.). It is proposed that the Utility Fund cover 1/3 of the cost of this new position. - Addison Grove Economic Development Incentive – $1,000,000: The Utility Fund will transfer $1 million to the Addison Grove Escrow Fund to cover the reimbursement of costs associated with the public infrastructure for the Addison Grove Redevelopment project. STORMWATER FUND The Stormwater Fund is supported by drainage fees on utility bills. The anticipated revenues for fiscal year 2017 are $1,850,000 with budgeted expenditures totaling $615,368. The available ending working capital for the Stormwater Fund is projected to be $5,447,209, leaving 885.2% of operating expenditures, which exceeds the Town policy of 25%. Fees for the Stormwater Fund will increase this year per the Council-approved rate schedule instituted at the time of passage of the enabling ordinance. A total of $3.8 million in capital projects has been proposed in the Stormwater Fund for fiscal year 2017, with the most significant items including Les Lacs/Winnwood Ponds ($1.1 million), a Stormwater Master Plan Study ($600,000), and improvements to Sherlock Basin ($800,000). This budget proposes to fund the following in new items from the Stormwater Fund: - Geographical Information System (GIS) Analyst – 0.33 FTE: A GIS Analyst is requested to build our internal organizational capacity in this area with an eye towards creating a comprehensive asset management program. GIS is a critical part of being able to manage the Town’s assets (infrastructure, facilities, etc.). It is proposed that the Stormwater Fund cover 1/3 of the cost of this new position. - Increases in Costs of Rental Equipment – $15,000: This increase is intended to allow the Stormwater division additional funds to rent larger pieces of equipment as needed for the increasing number of operational activities. The current expectation is to utilize these types of equipment 6-8 times in a year which doesn’t justify outright purchase of the equipment. - Addison Grove Economic Development Incentive – $500,000: The Stormwater Fund will transfer $500,000 to the Addison Grove Escrow Fund to cover the reimbursement of costs associated with the public infrastructure for the Addison Grove Redevelopment project. The Stormwater Fund has a projected working capital adequate for funding of these projects for fiscal year 2017. 5 ECONOMIC DEVELOPMENT FUND The Economic Development Fund is supported by a combination of following revenue sources: - An allocation of a portion of the property tax rate ($1 million) - A transfer from the General Fund for Economic Development Incentive Agreements ($425,000) - A transfer from the Hotel Fund to cover the Tourism Department activities ($548,000) These revenue sources allow for budgeted expenses of $2 million. There are no Modified Levels of Service proposed for this fund for fiscal year 2017. The Economic Development Treehouse project has produced excellent results. The Addison Economic Development Department is housed within the Treehouse and is surrounded by over 60 existing startups. In 2016, the Texas Economic Development Council recognized the Treehouse with a Community Development Award and that same year, the International Economic Development Council also recognized the Treehouse with a Bronze Award for Entrepreneurship. Since its opening in 2014, the Treehouse has helped launch more than 150 startups and hosted more than 200 events, bringing in more than 6,000 visitors. Corporate mentors have provided over 400 hours of whiteboard sessions. Collide Village Accelerator also launched within the Treehouse, graduating 14 new businesses. Over 200 new jobs have been created in Addison with more to come. Local startups have also attracted over $4.1 million in private investment. AIRPORT FUND The Airport Fund is expected to begin fiscal year 2017 with a working capital balance of $3,323,963. The total fund revenues are expected to be approximately $5,500,158, allowing for budgeted expenses of $4,394,248. The budget anticipates additional revenues from recently approved increases to the fuel flowage fees. The available ending working capital balance for the Airport Fund is projected to be $2,269,040, which is 51.6% of operating expenditures, which exceeds the Town policy of 25%. Capital projects in the fund total $1.6 million, which includes $270,000 to design a customs facility, $181,000 to design and construct a new hangar at the Flightline site and $159,000 for a sweeper truck, among several other capital purchases/projects. This budget proposes to fund the following in new items from the Airport Fund: - Geographical Information System (GIS) Analyst – 0.33 FTE: A GIS Analyst is requested to build our internal organizational capacity in this area with an eye towards creating a comprehensive asset management program. GIS is a critical part of being able to manage the Town’s assets (infrastructure, facilities, etc.). It is proposed that the Airport Fund cover 1/3 of the cost of this new position. 6 INFRASTRUCTURE INVESTMENT FUND (IIF) The Infrastructure Investment Fund was created in fiscal year 2015 through a $4 million transfer from General Fund reserves. Annually, a portion of the property tax rate equal to approximately $250,000 is deposited into this fund. The intent of this fund is to cash finance infrastructure projects. The fiscal year 2017 budget appropriates $1.56 million for capital projects, including $300,000 to create an ADA Transition Plan. This plan is an important part of how we move forward with addressing how our infrastructure complies with the Americans with Disabilities Act (ADA) of 1990. The IFF will transfer $500,000 to the Addison Grove Escrow Fund to cover the reimbursement of costs associated with the public infrastructure for the Addison Grove Redevelopment project. BOND FUNDED CAPITAL PROJECTS The majority of capital projects are bond funded. For fiscal year 2017, $21.4 million has been budgeted for capital projects which are funded by bonds. The largest of these projects includes finalizing phase 1 of the Belt Line Road Utility Relocation ($12.36 million), Vitruvian Park Public Infrastructure ($5.2 million), and completion of the Midway Road Design and Rehabilitation ($1.65 million). UNFUNDED CAPITAL PROJECTS The town currently funds capital improvements on a year-to-year basis. While there are a list of known capital needs across multiple Funds and departments, it is not comprehensive and the majority of the projects are not funded. With an incomplete project list and no identified project funding for the majority of the projects, it is hard to say we have anything more than an ad-hoc capital improvement program. In fiscal year 2017, staff will begin to develop a true five-year capital improvement program so that we can address our infrastructure and facility needs in a systematic and intentional manner. This is important to know because, when factoring in our capital improvement needs, existing fund and working capital balances in some of our Funds may be insufficient to both maintain our desired reserve levels and fund capital improvements. NEWLY CREATED FUNDS FOR FISCAL YEAR 2017 Newly established this budget year are three funds: the Public, Educational, and Governmental Access Channels (PEG) Fee Fund, the Addison Grove Escrow Fund, and the Self-Funded Special Project Fund. The PEG fund accounts for monies derived from cable fees mandated by the State government. Currently, those funds have been collected and reported in the General Fund fund balance and are restricted for a specific use. To properly account for them, this new fund has been created, and the funds have been transferred from the General Fund fund balance to the PEG Fund. PEG monies can only be used for capital projects to support 7 TOWN OF ADDISON CITY MANAGER PROPOSED FY2017 BUDGET SUMMARY The following is a summary of the Fiscal Year (FY) 2016 – 2017 proposed annual budget of the Town of Addison that was submitted to the City Secretary on July 29, 2016. 1. The total budget appropriates approximately $112 million, of which $34.5 million is allocated to capital project expenditures. This proposed budget provides sufficient funding to tailor services to meet the needs and expectations of the community. 2. The proposed property tax rate is less than last year’s rate. The City Manager is proposing a property tax rate of $0.564131/$100, which is below the Rollback rate of $0.566192/$100. The proposed rate is above the Effective rate of $0.545760/$100. 3. The certified taxable property value increased by 6.5 percent. The certified value for all property is approximately $4.3 billion. At the proposed rate this generates a total property tax levy of $24,274,459. 4. Revenues total $74.4 million, a net increase of $4.3 million compared to the fiscal year 2016 budget. Significant variations in revenue sources include: Property tax revenue is projected to be up $613,000 due primarily to a 6.6% increase in property values. Sales tax revenue is projected to be up $1.1 million from the previous year due to the expanding local economy. Hotel occupancy taxes anticipated to increase $500,000 due to two hotels opening in fiscal year 2017. Special event proceeds are projected to be up $645,000 primarily due to a change in the accounting method for the revenues and expenditures associated with TastyBucks. 5. The average home values appreciate. The average taxable value of a residence homestead this year is $287,033, up 6.91%. At the proposed tax rate, the amount of taxes on the average home would be $1,619.24. Last year’s average taxable value was $268,491 with a property tax bill of $1,554.97. Based on these values, taxpayers could see an average annual increase of $64.27 (values and amounts may depend on individual taxpayer home values). 6. Compensation in the proposed budget includes $398,900 for a merit pay for eligible employees. The merit pay is calculated at an average of 3% and for nine months of the fiscal year. Healthcare costs are expected to increase by $350,000, and worker’s compensation costs by $43,000. The budget also includes $190,000 for a certification study and pay adjustment. 7. The total staffing (all funds) is at 275.3 FTE (full-time equivalent) which is an increase of 5.7 FTEs over last year. In FY2016, 14.5 FTEs for Emergency Communication dispatchers were transferred to the North Texas Emergency Communication Center (NTECC). Below is a summary of staffing changes: 9 TOWN OF ADDISON CITY MANAGER PROPOSED FY2017 BUDGET SUMMARY (CONTINUED) Position FY2016 Adopted Staffing – Net of dispatchers transferred to NTECC Additions: Planner for the Development Services Department# Fountain Technician/Electrician for the Parks Department# GIS Analyst for the Airport, Utility, and Stormwater Funds Sales Consultant for the Addison Conference Centre Marketing Specialist for the Marketing Department Part-time to full-time Fire Inspector for the Fire Department Reclassification of Senior Special Events Coordinator to Special Events Manager for the Special Events Department Total Proposed Additions FTEs 269.6 1.0 1.0 1.0 1.0 1.0 0.7 0.0 5.7 Total Proposed Staffing 275.3 # These positions are funded for one-half year – hire expected April 1, 2017. 7. The budget includes Modified Level of Service items that enhance operations and the quality of service provided to the community. For FY2017 these items include: Conference Centre Facility Major Maintenance Items Rental Line item increase for Stormwater $438,000 $15,000 8. The budget includes over $34.5 million being spent on capital projects. Significant items include:* Belt Line Road Vitruvian Phase 4 & 5 Surveyor Ground Storage Tank Rehab Midway Road Design & Rehabilitation Airport facilities and redevelopment per approved Master Plan $12,356,624 $5,204,847 $2,500,000 $1,653,250 $1,598,317 (*Note: Project amounts reflect anticipated expenditures for the year; total project budgets are greater than the amounts shown.) 9. The budget supports the Infrastructure Investment Fund which is restricted to infrastructure projects and new investment opportunities. All appropriations require Council approval. New projects to begin in FY2017 include: Addison Grove Incentive Payment Americans with Disabilities Act (ADA) Transition Plan Pavement Management Program Streets and Sidewalk Improvements 10. The budget includes funding for non-profit organizations totaling $608,000. 9 10 $500,000 $300,000 $250,000 $250,000 TOWN OF ADDISON CITY MANAGER PROPOSED FY2017 BUDGET SUMMARY (CONTINUED) 11. The budget has a provision to use Public, Educational, and Governmental Funds (PEG). These funds are provided by a fee on each cable bill. Proposed expenditures are for upgrading the Town’s technology for the recording and distribution of Council Meetings and Workshops. 12. Establishment of an Addison Grove Incentive Escrow Fund. This fund is being set up to accumulate monies for payment of the incentives due to the developer after meeting certain criteria. In the FY2017 budget, this fund will accumulate $2.5 million as follows: $1 million from Utility fund, and $500,000 each from the General Fund, Infrastructure Investment Fund, and the Stormwater Fund. The first payment is expected in FY2018. 9 11 TOWN OF ADDISON COMBINED SUMMARY OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE ALL FUNDS SUBJECT TO APPROPRIATION City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget BEGINNING BALANCES General Fund $ 11,646,301 $ Special Revenue Funds Capital Project Funds Economic Combined Combined Combined Infrastructure Combined Hotel Development Grants Other Debt Service Investment Bonds 3,644,081 $ 660,126 $ 27,494 $ 1,427,630 $ 2,996,571 $ 3,782,383 $ 29,217,284 $ Proprietary Funds Combined Airport Utility Stormwater Replacement 3,323,963 $ 10,069,003 $ 8,481,643 $ 5,713,948 $ TOTAL 2016-17 2015-16 80,990,428 $ 77,919,000 REVENUES: Ad valorem tax Non-property taxes Franchise fees Licenses and permits Intergovernmental Service fees Fines and penalties Rental income Interest & other income TOTAL REVENUES Transfers from other funds 14,856,615 14,660,000 2,870,300 845,800 1,493,100 675,000 70,000 175,000 70,000 35,715,815 - 6,000,000 2,691,200 789,240 17,000 9,497,440 - 1,001,252 67,000 6,100 1,074,352 973,000 15,901 200 16,101 - 109,610 1,950 111,560 2,500,000 7,880,711 12,000 7,892,711 711,500 250,313 5,000 255,313 - 125,900 125,900 - 221,293 932,380 4,346,485 24,500 5,524,658 - 10,637,000 75,000 (31,400) 10,680,600 - 1,850,000 67,700 1,917,700 - 1,550,000 71,800 1,621,800 - 23,988,891 20,660,000 2,870,300 845,800 1,730,294 18,402,580 254,610 5,310,725 370,750 74,433,950 4,184,500 23,376,000 18,675,000 2,680,000 820,000 50,000 18,104,000 903,000 5,262,000 316,000 70,186,000 1,272,000 TOTAL AVAILABLE RESOURCES 47,362,116 13,141,521 2,707,478 43,595 4,039,190 11,600,782 4,037,696 29,343,184 8,848,621 20,749,603 10,399,343 7,335,748 159,608,878 149,377,000 EXPENDITURES: General Government Public Safety Urban Development Streets Parks & Recreation Tourism & Economic Development Aviation Utilities Debt service Capital projects and other uses TOTAL EXPENDITURES Transfers to other funds 9,467,620 17,196,216 1,396,475 1,752,423 5,476,383 35,289,117 (925,000) 7,709,533 7,709,533 (1,259,500) 2,045,915 2,045,915 - 5,200 5,200 - 281,597 1,045,500 1,327,097 - 8,424,938 8,424,938 - 1,563,106 1,563,106 (500,000) 21,380,430 21,380,430 - 4,394,248 587,016 1,598,317 6,579,581 - 10,142,846 1,070,358 4,762,000 15,975,203 (1,000,000) 615,368 544,266 3,292,500 4,452,134 (500,000) 3,450,126 3,450,126 - 12,922,946 17,477,813 1,396,475 1,752,423 5,476,383 9,755,448 4,394,248 10,758,213 10,626,578 33,641,853 108,202,381 (4,184,500) 10,898,415 16,693,361 1,384,293 2,060,482 5,115,813 7,492,341 4,225,261 9,729,536 11,109,532 41,108,407 109,817,441 (1,272,124) 1,437 10,901 1,284,463 179,273 (1,807,793) (21,254,530) (1,054,923) (6,294,603) (3,034,434) (1,828,326) (33,768,431) (39,631,565) Net Change in Fund Balance ENDING FUND BALANCES (498,302) $ 11,147,999 $ 528,407 4,172,488 $ 661,563 $ 38,395 $ 2,712,093 $ 3,175,844 $ 1,974,590 $ 7,962,754 $ 2,269,040 $ 3,774,400 $ 5,447,209 $ 3,885,622 $ 47,221,997 $ 38,287,435 Exhibit A TOWN OF ADDISON PROPERTY TAX DISTRIBUTION CALCULATIONS City Manager Proposed FY2017 Annual Budget 2016 CERTIFIED TAX ROLL & LEVY: Appraised Valuation (100%) Rate Per $100 $ $4,302,982,597 0.564131 TOTAL TAX LEVY Percent of Current Collection $ 24,274,459 98.70% Estimated Current Tax Collections $ 23,958,891 $ 23,958,891 5,000 25,000 $ 23,988,891 SUMMARY OF TAX COLLECTIONS: Current Tax Delinquent Tax Penalty and Interest TOTAL 2016-17 TAX COLLECTIONS DISTRIBUTION OF TAX RATE: TAX RATE % OF TOTAL AMOUNT Maintenance & Operations (M&O): General Fund: Current Tax Delinquent Tax Penalty and Interest Total General Fund 14,838,036 3,096 15,483 $0.351573 62.32% 14,856,615 Economic Development Fund: Current Tax Delinquent Tax Penalty and Interest Total Economic Development Fund 1,000,000 209 1,043 $0.023716 4.20% 1,001,252 Infrastructure Replacement Fund: Current Tax Delinquent Tax Penalty and Interest Total Infrastructure Replacement Fund Total M&O Portion 250,000 52 261 $0.005926 1.05% 250,313 $0.381215 67.58% 16,108,180 Debt Service: Debt Service Fund: Current Tax Delinquent Tax Penalty and Interest Total Debt Service Fund TOTAL DISTRIBUTION 7,870,855 1,643 8,213 $0.182916 32.42% $0.564131 100.00% 7,880,711 $ 23,988,891 EXHIBIT B TOWN OF ADDISON BUDGETED DEPARTMENTAL STAFFING SUMMARY City Manager Proposed 2016-17 Annual Budget With Comparisons to 2015-16 Adopted Budget 2013 General Fund: City Secretary City Manager Finance General Services Municipal Court Human Resources Information Technology Police Emergency Communications Fire Development Services Code Enforcement Streets Parks Recreation Total General Fund Hotel Fund Economic Development Fund Airport Fund Utility Fund Stormwater Fund TOTAL ALL FUNDS Fiscal Years Ending September 30 2014 2015 2016 2017 7.0 9.0 5.0 5.4 5.2 7.0 73.8 13.5 52.3 7.2 5.0 21.0 14.6 226.0 16.0 2.0 3.0 18.0 265.0 8.5 9.7 5.0 5.7 3.3 7.0 75.3 14.5 55.3 7.2 5.4 21.0 15.1 233.0 17.0 3.0 3.0 18.3 1.4 275.7 8.5 9.7 5.0 5.7 3.3 7.0 79.8 14.5 55.3 7.2 2.0 5.4 21.0 15.1 239.5 14.8 4.0 3.0 16.6 1.7 279.6 7.5 13.0 5.0 5.7 4.0 7.0 79.8 55.3 7.2 2.0 5.4 22.0 15.1 229.0 14.3 4.0 3.0 17.6 1.7 269.6 1.0 5.5 13.0 6.0 5.7 4.0 7.0 79.8 56.0 10.2 6.4 22.0 15.1 231.7 16.3 4.0 3.4 17.9 2.0 275.3 Difference 16-17 1.0 (2.0) 1.0 0.7 3.0 (2.0) 1.0 2.7 2.0 0.4 0.3 0.3 5.7 All positions are shown as full-time equivalent (FTE). EXHIBIT C TOWN OF ADDISON GENERAL FUND SCHEDULE OF REVENUES BY SOURCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 Ad valorem taxes: Current taxes Delinquent taxes Penalty and interest Non-property taxes: Sales tax Alcoholic beverage tax Franchise / right-of-way use fees: Electric franchise Gas franchise Sanitation franchise Telecommunication access fees Cable franchise Street rental fees Licenses and permits: Business registration Building and construction permits Service fees: General government Public safety Urban development Streets and sanitation Recreation IT Indirect cost recovery Court fines Interest earnings Rental income Recycling proceeds Other TOTAL REVENUES $ $ 11,424,738 (71,220) 25,457 Budget 2015-16 $ 13,940,240 6,750 16,720 Estimated 2015-16 $ 13,581,439 (53,255) 24,300 Budget 2016-17 $ 14,838,036 3,096 15,483 13,038,912 1,176,643 12,305,000 870,000 13,033,701 1,207,948 13,400,000 1,260,000 1,539,972 273,320 1,500,000 190,000 1,569,000 217,389 593,387 414,891 6,850 650,000 335,000 5,000 636,529 334,796 7,380 1,575,000 217,400 120,000 636,500 316,400 5,000 259,487 751,736 170,750 649,450 158,541 735,860 247,800 598,000 849 849,998 3,830 400,562 72,279 230,000 723,931 20,992 236,667 10,403 108,336 500 886,000 3,000 382,600 80,300 230,000 781,900 30,000 275,000 15,000 43,905 500 733,305 3,000 382,600 69,300 230,000 719,000 42,000 197,000 15,000 236,317 500 785,200 3,000 282,200 73,300 348,900 675,000 70,000 175,000 10,000 60,000 32,092,020 $ 33,367,115 $ 34,081,650 $ 35,715,815 EXHIBIT D-1 TOWN OF ADDISON GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ Budget 2015-16 15,506,011 $ Estimated 2015-16 11,201,712 $ 11,601,861 Budget 2016-17 $ 11,646,301 REVENUES: Ad valorem taxes Non-property taxes Franchise fees Licenses and permits Service fees Fines and penalties Interest earnings Rental income Other TOTAL REVENUES 11,378,975 14,215,555 2,828,420 1,011,223 1,507,653 725,189 69,431 236,667 118,907 32,092,020 13,963,710 13,175,000 2,680,000 820,200 1,582,400 781,900 30,000 275,000 58,905 33,367,115 13,552,484 14,241,649 2,765,094 894,401 1,418,705 719,000 42,000 197,000 251,317 34,081,650 14,856,615 14,660,000 2,870,300 845,800 1,493,100 675,000 70,000 175,000 70,000 35,715,815 TOTAL RESOURCES AVAILABLE 47,598,031 44,568,827 45,683,511 47,362,116 1,521,976 1,009,649 684,803 502,250 492,879 1,585,509 1,278,768 578,233 1,302,565 1,231,286 666,310 586,428 583,959 1,910,708 1,475,980 331,879 1,263,988 1,301,982 815,350 569,915 599,531 1,927,669 930,118 320,885 202,150 1,107,066 1,680,385 815,825 617,930 615,228 1,938,281 2,173,411 317,345 EXPENDITURES: General government: City Secretary City Manager Finance General Services Municipal Court Human Resources Information Technology Combined Services Council Projects Public safety: Police Emergency Communications Fire Development Services Property Standards Streets Parks and Recreation: Parks Recreation TOTAL EXPENDITURES 8,561,703 1,383,173 6,732,790 1,090,973 1,803,135 8,520,606 1,318,483 6,808,772 1,211,637 172,656 2,060,482 8,229,429 1,565,379 6,799,686 1,116,600 108,050 1,977,129 8,690,999 1,410,505 7,094,711 1,396,475 1,752,423 3,103,939 1,651,393 31,981,170 3,463,320 1,652,493 33,297,564 3,508,930 1,660,569 32,695,210 3,738,825 1,737,558 35,289,117 OTHER FINANCING SOURCES (USES): Transfer from Hotel Fund Transfer to Economic Development Fund TOTAL OTHER FINANCING SOURCES (USES) (4,015,000) (4,015,000) (15,000) (15,000) (3,904,150) 54,551 1,371,440 1,698 11,601,861 11,256,263 12,973,301 11,647,999 - - NET CHANGE IN FUND BALANCE FUND BALANCE One Time Funding Sources (Uses): Transfer to Escrow Fund (Addison Grove) Transfer to PEG Fund ENDING FUND BALANCE $ 11,601,861 $ 11,256,263 (15,000) (15,000) (425,000) (425,000) (327,000) $ 11,646,301 (500,000) $ 11,147,999 Note: Financial statements encompass all assumptions listed on General Fund Long Term Plan (i.e. compensation and insurance adjustments, proposed Modified Levels of Service, etc.) EXHIBIT D-2 TOWN OF ADDISON HOTEL SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ 1,194,674 Budget 2015-16 $ 2,315,028 Estimated 2015-16 $ 2,040,729 Budget 2016-17 $ 3,644,081 REVENUES: Hotel/Motel occupancy taxes Proceeds from Special Events Conference Centre rental Visitor Centre rental Theatre Centre rental Interest earnings and other 5,512,956 1,014,650 638,045 183,429 143,248 19,719 5,500,000 2,045,717 630,000 122,290 10,000 5,884,000 1,893,435 668,000 80,000 6,025 6,000,000 2,691,200 678,000 111,240 17,000 TOTAL REVENUES 7,512,047 8,308,007 8,531,460 9,497,440 TOTAL AVAILABLE RESOURCES 8,706,721 10,623,035 10,572,189 13,141,521 765,286 959,139 872,579 2,279,533 542,067 36,310 5,454,912 400,000 1,216,466 972,224 2,529,296 581,385 107,263 5,806,634 200,000 1,145,906 946,981 2,695,657 581,594 100,845 5,670,984 1,453,463 1,092,730 4,145,843 400,384 447,000 170,113 7,709,533 (1,211,082) (1,211,082) (1,257,124) (1,257,124) (1,257,124) (1,257,124) (1,259,500) (1,259,500) 1,244,249 1,603,352 EXPENDITURES: Visit Addison Conference Centre Marketing Special Events Addison Theatre Centre Performing Arts General hotel operations TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES): Transfer to General Fund Transfer to other funds TOTAL OTHER FINANCING SOURCES (USES) NET CHANGE IN FUND BALANCE ENDING FUND BALANCE 846,053 $ 2,040,729 $ 3,559,277 $ 3,644,081 528,407 $ 4,172,488 Note: Financial statements encompass all assumptions listed on Hotel Fund Long Term Plan (i.e. compensation and insurance adjustments, proposed Modified Levels of Service, etc.) EXHIBIT D-3 TOWN OF ADDISON ECONOMIC DEVELOPMENT FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ 477,233 Budget 2015-16 $ 473,332 Estimated 2015-16 $ 752,819 Budget 2016-17 $ 660,126 REVENUES: Ad valorem taxes: Current taxes Delinquent taxes Penalty and interest Business licenses and permits Interest earnings and other TOTAL REVENUES 973,607 (6,062) 2,169 68,395 3,844 1,041,953 998,800 480 1,190 70,000 10,200 1,080,670 971,600 (3,800) 1,700 68,516 2,400 1,040,416 1,000,000 209 1,043 67,000 6,100 1,074,352 TOTAL AVAILABLE RESOURCES 1,519,186 1,554,002 1,793,235 1,734,478 EXPENDITURES: Personnel services Supplies Maintenance Contractual services Capital replacement/lease TOTAL EXPENDITURES 354,313 20,854 62,447 824,881 19,154 1,281,649 381,809 29,700 50,541 1,198,076 25,581 1,685,707 389,735 29,700 50,541 1,198,076 25,581 1,693,633 388,352 32,450 57,362 1,544,745 23,006 2,045,915 OTHER FINANCING SOURCES (USES): Transfer from General Fund Transfer from Hotel Fund TOTAL OTHER FINANCING SOURCES (USES) 15,000 500,282 515,282 15,000 545,524 560,524 15,000 545,524 560,524 425,000 548,000 973,000 NET CHANGE IN FUND BALANCE 275,586 (44,513) (92,693) ENDING BALANCE $ 752,819 $ 428,819 $ 660,126 1,437 $ 661,563 Note: Financial statements encompass all assumptions listed on Hotel Fund Long Term Plan (i.e. compensation and insurance adjustments, proposed Modified Levels of Service, etc.) EXHIBIT D-4 TOWN OF ADDISON ADVANCED FUNDING GRANT FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ REVENUES: Intergovernmental Interest earnings and other TOTAL REVENUES TOTAL AVAILABLE RESOURCES EXPENDITURES: Supplies Contractual services TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES): Transfer to General Fund ENDING BALANCE $ Budget 2015-16 21,887 $ Estimated 2015-16 25,858 $ Budget 2016-17 23,394 $ 27,494 5,421 99 5,520 50 50 5,400 100 5,500 15,901 200 16,101 27,407 25,908 28,894 43,595 4,013 4,013 200 5,000 5,200 1,400 1,400 200 5,000 5,200 - - - - 23,394 $ 20,708 $ 27,494 $ 38,395 EXHIBIT D-5 TOWN OF ADDISON PUBLIC SAFETY SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ REVENUES: Court awards Interest earnings and other TOTAL REVENUES TOTAL AVAILABLE RESOURCES EXPENDITURES: Supplies Contractual services TOTAL EXPENDITURES ENDING BALANCE $ Budget 2015-16 19,185 $ Estimated 2015-16 23,135 $ 19,190 Budget 2016-17 $ 24,040 89 89 50 50 9,100 50 9,150 200 200 19,274 23,185 28,340 24,240 84 84 5,000 5,000 3,100 1,200 4,300 24,040 24,040 19,190 $ 18,185 $ 24,040 $ 200 EXHIBIT D-6 TOWN OF ADDISON PEG FEE SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ Budget 2015-16 Estimated 2015-16 - $ Budget 2016-17 - $ 177,000 REVENUES: Peg Fee Revenues Interest earnings and other TOTAL REVENUES - - - 72,000 50 72,050 TOTAL AVAILABLE RESOURCES - - - 249,050 EXPENDITURES: Supplies Contractual services TOTAL EXPENDITURES - - 150,000 150,000 50,000 50,000 OTHER FINANCING SOURCES (USES): Transfer In (from General Fund) - 327,000 - ENDING BALANCE $ - $ - $ 177,000 $ 199,050 Note: Fund established in FY2016. EXHIBIT D-7 TOWN OF ADDISON JUSTICE ADMINISTRATION SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ REVENUES: Justice administration fees Interest earnings and other TOTAL REVENUES TOTAL AVAILABLE RESOURCES EXPENDITURES: Personnel services Supplies Maintenance Contractual services TOTAL EXPENDITURES NET CHANGE IN FUND BALANCE ENDING BALANCE 31,898 Budget 2015-16 $ $ 28,892 Budget 2016-17 $ 10,992 1,787 852 2,639 2,410 100 2,510 1,600 500 2,100 2,410 100 2,510 34,537 35,988 30,992 13,502 545 5,100 5,645 2,000 20,000 20,000 12,000 12,000 (17,900) (9,490) 2,000 (3,006) $ 33,478 Estimated 2015-16 28,892 510 $ 33,988 $ 10,992 $ 1,502 EXHIBIT D-8 TOWN OF ADDISON CHILD SAFETY SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ REVENUES: Child Safety fees Interest earnings and other TOTAL REVENUES TOTAL AVAILABLE RESOURCES EXPENDITURES: Personnel services Supplies Maintenance Contractual services Signal systems/street lights TOTAL EXPENDITURES NET CHANGE IN FUND BALANCE ENDING BALANCE $ 101,664 Budget 2015-16 $ Estimated 2015-16 110,654 $ 88,479 Budget 2016-17 $ 91,979 8,001 289 8,290 8,900 50 8,950 10,000 500 10,500 8,200 600 8,800 109,954 119,604 98,979 100,779 21,475 21,475 7,500 7,000 7,500 7,000 10,000 5,000 50,000 35,000 100,000 (13,185) 1,450 3,500 (91,200) 88,479 $ 112,104 $ 91,979 $ 779 EXHIBIT D-9 TOWN OF ADDISON COURT TECHNOLOGY SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ 79,591 Budget 2015-16 $ 93,111 Estimated 2015-16 $ 77,831 Budget 2016-17 $ 70,231 REVENUES: Court technology fees Interest earnings and other TOTAL REVENUES 16,670 204 16,874 20,000 50 20,050 15,000 400 15,400 14,000 600 14,600 TOTAL AVAILABLE RESOURCES 96,465 113,161 93,231 84,831 EXPENDITURES: Personnel services Supplies Maintenance Contractual services Computer hardware/software TOTAL EXPENDITURES 381 18,253 18,634 2,000 4,000 - 8,000 15,000 - 6,000 23,000 17,000 4,000 25,000 35,000 81,000 NET CHANGE IN FUND BALANCE (1,760) 14,050 (7,600) (66,400) ENDING BALANCE $ 77,831 $ 107,161 $ 70,231 $ 3,831 EXHIBIT D-10 TOWN OF ADDISON BUILDING SECURITY SPECIAL REVENUE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ 65,782 Budget 2015-16 $ 66,822 Estimated 2015-16 $ 63,788 Budget 2016-17 $ 53,388 REVENUES: Court security fees Interest earnings and other TOTAL REVENUES 12,497 181 12,678 15,000 50 15,050 11,000 300 11,300 13,000 400 13,400 TOTAL AVAILABLE RESOURCES 78,460 81,872 75,088 66,788 EXPENDITURES: Personnel services Supplies Maintenance Contractual services TOTAL EXPENDITURES 13,826 846 14,672 23,300 1,700 25,000 20,000 1,700 21,700 31,557 5,000 3,000 25,000 64,557 NET CHANGE IN FUND BALANCE (1,994) (9,950) (10,400) (51,157) ENDING BALANCE $ 63,788 $ 56,872 $ 53,388 $ 2,231 EXHIBIT D-11 TOWN OF ADDISON GENERAL OBLIGATION DEBT SERVICE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ 1,020,159 Budget 2015-16 $ 898,304 Estimated 2015-16 $ 831,366 Budget 2016-17 $ 2,506,529 REVENUES: Ad valorem taxes Interest earnings and other TOTAL REVENUES 7,984,536 9,892 7,994,428 8,161,580 13,740 8,175,320 8,100,000 8,000 8,108,000 7,880,711 9,400 7,890,111 TOTAL AVAILABLE RESOURCES 9,014,587 9,073,624 8,939,366 10,396,640 EXPENDITURES: Debt service - principal Debt service - interest Fiscal fees TOTAL EXPENDITURES 4,833,152 3,347,020 3,049 8,183,221 5,140,150 3,030,043 12,000 8,174,510 4,220,000 2,200,837 12,000 6,432,837 4,938,331 2,771,107 4,000 7,713,438 810 1,675,163 176,673 NET CHANGE IN FUND BALANCE ENDING BALANCE (188,793) $ 831,366 $ 899,114 $ 2,506,529 $ 2,683,202 EXHIBIT D-12 TOWN OF ADDISON HOTEL FUND DEBT SERVICE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ REVENUES: Interest earnings and other TOTAL REVENUES 487,491 Budget 2015-16 $ 488,691 Estimated 2015-16 $ 488,542 Budget 2016-17 $ 490,042 1,416 1,416 1,200 1,200 1,500 1,500 2,600 2,600 TOTAL AVAILABLE RESOURCES 488,907 489,891 490,042 492,642 EXPENDITURES: Debt service - principal Debt service - interest Fiscal fees TOTAL EXPENDITURES 640,000 70,800 365 711,165 660,000 51,300 300 711,600 660,000 51,300 300 711,600 680,000 31,200 300 711,500 OTHER FINANCING SOURCES (USES): Transfer from Hotel Fund 710,800 711,600 711,600 711,500 1,051 1,200 1,500 2,600 NET CHANGE IN FUND BALANCE ENDING BALANCE $ 488,542 $ 489,891 $ 490,042 $ 492,642 EXHIBIT D-13 TOWN OF ADDISON INFRASTRUCTURE INVESTMENT FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ Budget 2015-16 - $ Estimated 2015-16 3,485,980 $ Budget 2016-17 3,908,975 $ 3,782,383 REVENUES: Ad Valorem tax contribution Interest earnings and other TOTAL REVENUES 226,898 8,088 234,986 250,440 5,000 255,440 243,607 16,198 259,805 250,313 5,000 255,313 TOTAL AVAILABLE RESOURCES 234,986 3,741,420 4,168,780 4,037,696 EXPENDITURES: Design and Engineering: Engineering and contractual services Construction and equipment TOTAL EXPENDITURES 193,754 132,257 326,011 30,000 925,000 955,000 15,003 371,394 386,397 1,013,106 550,000 1,563,106 4,000,000 4,000,000 - - OTHER FINANCING SOURCES (USES): Transfer in from General Fund Transfer out to Addison Grove Escrow Fund NET CHANGE IN FUND BALANCE ENDING BALANCE 3,908,975 $ 3,908,975 (699,560) $ 2,786,420 (500,000) (500,000) (126,592) $ 3,782,383 (1,807,793) $ 1,974,590 Note: The balance in this fund is restricted for specific projects. For a detailed listing by project, see Exhibit H. EXHIBIT D-14 TOWN OF ADDISON CAPITAL PROJECTS FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ REVENUES: Intergovernmental Interest earnings and other TOTAL REVENUES TOTAL AVAILABLE RESOURCES EXPENDITURES: Land Aquistion Engineering and contractual services Construction and equipment TOTAL EXPENDITURES OTHER FINANCING SOURCES (USES): Transfer In Bond issues Transfers Out TOTAL OTHER FINANCING SOURCES/(USES) NET CHANGE IN FUND BALANCE ENDING BALANCE Budget 2015-16 45,217,597 $ 32,859,200 $ Budget 2016-17 36,992,655 $ 29,217,284 158,253 207,959 366,212 54,000 54,000 180,000 180,000 125,900 125,900 45,583,809 32,913,200 37,172,655 29,343,184 4,882,500 3,708,654 8,591,154 3,000,000 1,700,000 26,834,243 31,534,243 90,283 7,865,088 7,955,371 1,653,250 19,727,180 21,380,430 - - - - (8,224,942) $ Estimated 2015-16 36,992,655 (31,480,243) $ 1,378,957 (7,775,371) $ 29,217,284 (21,254,530) $ 7,962,754 Note: The balance in this fund is restricted for specific projects. For detailed listing, see Exhibit H. EXHIBIT D-15 TOWN OF ADDISON AIRPORT ENTERPRISE FUND STATEMENT OF INCOME AND CHANGES IN WORKING CAPITAL City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 INCOME STATEMENT Operating revenues: Operating grants Fuel flowage fees Rental Other income (expense) User fees Total operating revenues $ 829,044 4,248,056 512,888 61,379 5,651,367 Budget 2015-16 $ 50,000 791,680 4,234,732 161,250 5,237,662 Estimated 2015-16 $ 50,000 817,368 4,375,231 146,099 5,388,698 Budget 2016-17 $ 50,000 932,380 4,346,485 171,293 5,500,158 Operating expenses: Town - Personnel services Town - Supplies Town - Maintenance Town - Contractual services Town - Capital replacement/lease Grant - Maintenance Operator - Operations and maintenance Operator - Service contract Total operating expenses 318,036 58,326 88,270 560,906 1,778,693 100,000 675,158 398,061 3,977,450 361,152 41,000 112,910 172,990 19,160 100,000 3,004,748 413,301 4,225,261 328,437 41,000 112,910 172,990 39,160 100,000 3,153,274 403,000 4,350,771 407,013 42,000 116,150 188,455 27,878 100,000 3,125,960 386,792 4,394,248 Net operating income 1,673,918 1,012,401 1,037,927 1,105,910 Non-operating revenues (expenses): Interest earnings and other Interest on debt, fiscal fees and other Capital contributions Net non-operating revenues (expenses) Net income (excluding depreciation) 13,588 (137,468) 5,000 (132,691) (127,691) (123,880) 10,000 (132,691) (122,691) 24,500 (127,016) (102,516) $ 1,550,038 $ 884,710 $ 915,236 $ 1,003,394 $ 1,550,038 $ 884,710 $ 915,236 $ 1,003,394 CHANGES IN WORKING CAPITAL Net income (excluding depreciation) Sources (uses) of working capital: Retirement of long-term debt Net additions to fixed assets (incl. capital contributions from grants) Other net additions to fixed assets (non-grant eligible) Other Net sources (uses) of working capital Net increase (decrease) in working capital Beginning Working Capital Ending Working Capital (445,000) (455,000) (455,000) (460,000) (388,195) (62,000) (60,500) (100,966) 55,706 (777,489) (60,000) (577,000) (60,000) (575,500) (1,497,351) (2,058,317) 772,549 2,211,678 $ 2,984,227 307,710 1,783,670 $ 2,091,380 339,736 2,984,227 $ 3,323,963 (1,054,923) 3,323,963 $ 2,269,040 Note: Financial statements encompass all assumptions listed on Airport Fund Long Term Plan (i.e. compensation and insurance adjustments, proposed Modified Levels of Service, etc.) EXHIBIT D-16 TOWN OF ADDISON UTILITY ENTERPRISE FUND STATEMENT OF INCOME AND CHANGES IN WORKING CAPITAL City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 INCOME STATEMENT Operating revenues: Water sales Sewer charges Tap fees Penalties Other income Total operating revenues $ 5,678,134 4,436,230 12,580 64,949 1,200 10,193,093 Budget 2015-16 $ 5,758,909 4,524,621 7,000 75,000 15,000 10,380,530 Estimated 2015-16 $ 5,576,551 4,124,431 10,280 80,000 20,000 9,811,261 Budget 2016-17 $ 6,040,000 4,590,000 7,000 75,000 15,000 10,727,000 Operating expenses: Water purchases Wastewater treatment Utility operations Total operating expenses 3,223,750 2,496,828 3,046,128 8,766,706 3,459,088 2,298,729 3,419,430 9,177,247 3,159,257 2,634,648 3,299,098 9,093,003 3,700,000 2,590,000 3,852,846 10,142,846 Net operating income 1,426,387 1,203,284 718,258 584,154 18,000 (285,978) (267,978) (46,400) (493,689) (540,089) Non-operating revenues (expenses): Interest earnings and other Interest on debt, fiscal fees and other Net non-operating revenues (expenses) Net income (excluding depreciation) 48,098 (504,965) (456,867) (110,510) (541,165) (651,675) $ 969,520 $ 551,609 $ 450,280 $ 44,066 $ 969,520 $ 551,609 $ 450,280 $ 44,066 CHANGES IN WORKING CAPITAL Net income (excluding depreciation) Sources (uses) of working capital: Retirement of long-term debt Debt issuance / transfer of debt proceeds Net additions to fixed assets Net (increase) decrease in other assets Transfer out to Addison Grove Escrow Fund Net sources (uses) of working capital Net increase (decrease) in working capital Beginning Working Capital Ending Working Capital $ (381,848) (1,818,648) (347,326) (2,547,822) (549,850) (3,370,164) (57,000) (3,977,014) (265,000) (291,114) (57,000) (613,114) (576,669) (4,705,000) (57,000) (1,000,000) (6,338,669) (1,578,302) 11,810,139 (3,425,405) 9,846,741 (162,834) 10,231,837 (6,294,603) 10,069,003 10,231,837 $ 6,421,336 $ 10,069,003 $ 3,774,400 Note: Financial statements encompass all assumptions listed on Utility Fund Long Term Plan (i.e. compensation and insurance adjustments, proposed Modified Levels of Service, etc.) EXHIBIT D-17 TOWN OF ADDISON STORMWATER ENTERPRISE FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 INCOME STATEMENT Operating revenues: Drainage fees Other Total operating revenues $ Operating expenses: Stormwater operations Total operating expenses Net operating income Non-operating revenues (expenses): Interest earnings and other Interest on debt, fiscal fees and other Net non-operating revenues (expenses) Net income (excluding depreciation) 1,729,899 Budget 2015-16 $ Estimated 2015-16 1,729,899 1,773,900 1,773,900 584,258 584,258 552,289 552,289 552,289 552,289 615,368 615,368 1,145,641 1,221,611 1,247,711 1,234,632 39,242 (266,218) (226,976) $ 5,000 (274,716) (269,716) 1,800,000 1,800,000 Budget 2016-17 $ 1,850,000 60,903 (274,716) (213,813) $ 918,665 $ 951,895 $ $ 918,665 $ 951,895 $ 1,033,898 1,850,000 67,700 (269,266) (201,566) $ 1,033,066 $ 1,033,066 CHANGES IN WORKING CAPITAL Net income (excluding depreciation) Sources (uses) of working capital: Retirement of long-term debt Net additions to fixed assets Other Transfer out to Addison Grove Escrow Fund Net sources (uses) of working capital (265,000) (109,026) (4,992) (379,018) Net increase (decrease) in working capital Beginning Working Capital Ending Working Capital 539,647 9,036,498 $ 9,576,145 $ - (270,000) (5,070,000) (5,340,000) (270,000) (1,858,400) (2,128,400) (275,000) (3,292,500) (500,000) (4,067,500) (4,388,105) 8,900,014 (1,094,502) 9,576,145 (3,034,434) 8,481,643 4,511,909 $ 8,481,643 $ 5,447,209 Note: Financial statements encompass all assumptions listed on Stormwater Fund Long Term Plan (i.e. compensation and insurance adjustments, proposed Modified Levels of Service, etc.). EXHIBIT D-18 TOWN OF ADDISON SELF-FUNDED SPECIAL PROJECT FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ Budget 2015-16 - $ Estimated 2015-16 - $ Budget 2016-17 - $ 1,000,000 REVENUES: Interest earnings and other TOTAL REVENUES - - - - TOTAL AVAILABLE RESOURCES - - - 1,000,000 EXPENDITURES: Design and Engineering: Engineering and contractual services Construction and equipment TOTAL EXPENDITURES - - 995,500 - - - - 1,000,000 1,000,000 - - - 1,000,000 OTHER FINANCING SOURCES (USES): Transfer In from General Fund Savings NET CHANGE IN FUND BALANCE ENDING BALANCE $ - $ - $ 1,000,000 995,500 (995,500) $ 4,500 Note: Fund established in FY2016. Note: The balance in this fund is restricted for specific projects, with a one-year timeframe. For a detailed listing by project, see Exhibit H. EXHIBIT D-19 TOWN OF ADDISON ADDISON GROVE ESCROW FUND STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES TO FUND BALANCE City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 BEGINNING BALANCE $ Budget 2015-16 - $ Estimated 2015-16 - $ Budget 2016-17 - $ - REVENUES: Interest earnings and other TOTAL REVENUES - - - - TOTAL AVAILABLE RESOURCES - - - - EXPENDITURES: Design and Engineering: Incentive Payments Construction and equipment TOTAL EXPENDITURES - - - - OTHER FINANCING SOURCES (USES): Transfer in from Utility Fund Transfer in from Infrastructure Fund Transfer in from General Fund Transfer in from Stormwater Fund Net other Financing Sources (Uses): - - - 1,000,000 500,000 500,000 500,000 2,500,000 NET CHANGE IN FUND BALANCE - - - 2,500,000 ENDING BALANCE $ - $ - $ - $ 2,500,000 Note: The balance in this fund is restricted for specific incentive projects. EXHIBIT D-20 TOWN OF ADDISON INFORMATION TECHNOLOGY INTERNAL SERVICE FUND STATEMENT OF INCOME AND CHANGES IN WORKING CAPITAL City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 INCOME STATEMENT Operating revenues: Department contributions and other Total operating revenues $ Operating expenses: Maintenance and Materials Contractual services Capital Outlay Total Operating expenses (excluding depreciation) Net operating income (excluding deprecation) Non-operating revenues (expenses): Interest earnings and other Net non-operating revenues Net income (excluding depreciation) $ 750,000 750,000 Budget 2015-16 $ 750,000 750,000 Estimated 2015-16 $ 750,000 750,000 Budget 2016-17 $ 750,000 750,000 337 22,809 23,146 3,500 3,500 3,931 3,931 3,126 3,126 726,854 746,500 746,069 746,874 11,335 11,335 6,250 6,250 5,300 5,300 21,800 21,800 738,189 $ 752,750 $ 751,369 $ 768,674 CHANGES IN WORKING CAPITAL Net income (excluding depreciation) Sources (uses) of working capital: Acquisition of capital hardware/software: Net sources (uses) of working capital (1,644,659) (1,644,659) (1,636,100) (1,636,100) Net increase (decrease) in working capital Beginning working capital (906,470) 3,236,584 (883,350) 1,722,304 Ending working capital 738,189 $ 2,330,113 752,750 $ 838,954 751,369 768,674 (616,100) (616,100) (1,514,000) (1,514,000) 135,269 2,330,113 $ 2,465,382 (745,326) 2,465,382 $ 1,720,056 EXHIBIT D-21 TOWN OF ADDISON CAPITAL REPLACEMENT INTERNAL SERVICE FUND STATEMENT OF INCOME AND CHANGES IN WORKING CAPITAL City Manager Proposed FY2017 Annual Budget With Comparisons to FY2016 Adopted Budget Actual 2014-15 INCOME STATEMENT Operating revenues: Department contributions Total operating revenues $ Operating expenses: Maintenance and Materials Contractual services Capital Outlay Total Operating Expenses 800,000 800,000 Budget 2015-16 $ 800,000 800,000 Estimated 2015-16 $ 800,000 800,000 Budget 2016-17 $ 800,000 800,000 5,504 5,504 4,000 4,000 4,000 4,000 4,000 4,000 794,496 796,000 796,000 796,000 Non-operating revenues (expenses): Interest earnings and other Proceeds from sale of assets Net non-operating revenues 14,275 12,000 26,275 30,000 20,000 50,000 22,000 20,000 42,000 30,000 20,000 50,000 Net income (excluding depreciation) 820,771 846,000 838,000 846,000 820,771 846,000 838,000 846,000 Net operating income CHANGES IN WORKING CAPITAL Net Income (excluding depreciation) Sources (uses) of working capital: Acquisition of capital equipment: Net sources (uses) of working capital Net increase (decrease) in working capital Beginning working capital Ending working capital $ (985,752) (985,752) (1,160,500) (1,160,500) (1,160,500) (1,160,500) (1,929,000) (1,929,000) (164,981) 3,736,048 (314,500) 3,590,228 (322,500) 3,571,066 (1,083,000) 3,248,566 3,571,066 $ 3,275,728 $ 3,248,566 $ 2,165,566 EXHIBIT D-22 TOWN OF ADDISON GENERAL FUND LONG-TERM FINANCIAL PLAN City Manager Proposed FY2017 Annual Budget Actual 2014-15 BEGINNING BALANCE Year 1 Projected 2017-18 Budget 2016-17 Year 2 Projected 2018-19 Year 3 Projected 2019-20 Year 4 Projected 2020-21 15,506,011 $ 11,601,861 $11,646,301 $11,147,999 $10,037,153 $9,989,023 $11,198,455 REVENUES: Ad valorem taxes Non-property taxes Franchise fees Licenses and permits Service fees Fines and penalties Interest income Rental income Miscellaneous TOTAL REVENUES 11,378,975 14,215,555 2,828,420 1,011,223 1,507,653 725,189 69,431 236,667 118,907 32,092,020 13,552,484 14,241,649 2,765,094 894,401 1,418,705 719,000 42,000 197,000 251,317 34,081,650 14,856,615 14,660,000 2,870,300 845,800 1,493,100 675,000 70,000 175,000 70,000 $35,715,815 $15,109,080 14,953,200 2,927,710 862,720 1,522,960 688,500 71,400 178,500 71,400 $36,385,470 $16,870,866 15,252,260 2,986,260 879,970 1,553,420 702,270 72,830 182,070 72,830 $38,572,776 $18,353,385 15,557,310 3,045,990 897,570 1,584,490 716,320 74,290 185,710 74,290 $40,489,355 $18,851,653 15,868,460 3,106,910 915,520 1,616,180 730,650 75,780 189,420 75,780 $41,430,353 EXPENDITURES: Operating: Personnel services Supplies Maintenance Contractual services Capital replacement/lease Capital outlay Fund transfer out TOTAL EXPENDITURES 20,876,689 1,144,129 2,467,116 5,840,240 1,402,065 250,931 4,015,000 35,996,170 20,198,886 1,394,420 3,255,119 6,186,615 1,415,170 245,000 1,342,000 34,037,210 21,946,571 1,384,837 3,540,207 7,069,740 1,347,262 500 925,000 36,214,117 22,604,970 1,426,380 3,668,410 7,281,830 1,387,680 515 1,126,530 37,496,315 23,283,120 1,469,170 3,801,120 7,500,280 1,429,310 530 1,137,376 38,620,906 23,981,610 1,513,250 3,938,490 7,725,290 1,472,190 546 648,547 39,279,923 24,701,060 1,558,650 4,080,680 7,957,050 1,516,360 562 15,000 39,829,362 11,601,861 $ 11,646,301 $11,147,999 $10,037,153 $9,989,023 $11,198,455 $12,799,446 ENDING FUND BALANCE $ Estimated 2015-16 $ Ending balance as a % of expenditures Debt issuance variable: Beginning debt outstanding Principal retired Principal issued Ending debt outstanding Tax rate variables: Taxable values (thousands) Maintenance & Operation - General Fund Capital Improv. - Infrastructure Invest. Fund Maintenance & Operation - Econ. Dev. Fund Debt service fund rate Total MLS Requests reflected above: Human Resources Council Projects Fire Development Services Parks Total MLS Requests 36.3% $ $ $ $ $ $ $ 35.6% 87,007,001 4,833,152 $82,173,849 FY15 3,805,581 0.311000 0.006200 0.026500 0.218100 0.561800 31.2% $82,173,849 9,456,370 $72,717,479 $ $ $ $ $ $ FY16 4,036,724 0.345750 0.006201 0.024773 0.202426 0.579150 28.2% 72,717,479 4,938,331 67,779,148 $ $ $ $ $ $ $ $ FY17 4,302,983 0.351573 0.005926 0.023716 0.182916 0.564131 27.2% $67,779,148 4,209,148 $63,570,000 $ $ $ $ $ $ 736,945 $ 59,321 67,039 63,242 926,547 $ FY18 4,389,042 0.349517 0.005783 0.023131 0.185700 0.564131 29.0% $63,570,000 4,280,000 $59,290,000 $ $ $ $ $ $ 759,053 $ 22,000 60,123 90,624 84,258 1,016,058 $ FY19 4,476,823 0.382584 0.005669 0.022677 0.153200 0.564131 32.1% $59,290,000 3,425,000 $55,865,000 $ $ $ $ $ $ 781,825 $ 22,660 61,926 93,247 86,556 1,046,214 $ FY20 4,566,360 0.408040 0.005558 0.022233 0.128300 0.564131 $55,865,000 3,555,000 $52,310,000 $ $ $ $ $ $ FY21 4,657,687 0.410885 0.005449 0.021797 0.126000 0.564131 805,280 $ 23,340 63,784 95,949 88,922 1,077,274 $ 829,438 24,040 65,697 98,731 91,359 1,109,265 ASSUMPTIONS: 1) Portions of the property tax are committed to economic development and infrastructure investment, at $1M and $250k, respectively; portions are lieu of transfer from General fund. 2) Property tax base shows an increase in value by 6.5% from FY16-17, and two percent from FY18 to FY21. 3) Sales Tax revenues projected to increase 2.75% from FY16-FY17, and two percent in years FY18 to FY21. 4) Ad Valorem Property tax revenues in projected out years reflects the decline in debt service obligations. 5) Future year revenues other than Property tax are projected to rise two percent annually. 6) Sales tax incentive funding is projected to grow by three percent annually. 7) Future year expenditures show a three percent increase to adjust for inflation and rise in cost of doing business. 8) Addison Grove Incentive Fund is accomplished in four annual transfers, beginning in FY17, of $500k, $750k, $750k, and $250k to Addison Grove Incentive Escrow Fund. 9) Personnel Services includes a five percent increase to adjust for insurance costs, plus $148k in plan adjustments to account for anticipated additional five percent increase for FY17. 10) Personnel Services includes 398k for up to five percent merit compensation adjustments for FY17. Exhibit E-1 TOWN OF ADDISON HOTEL SPECIAL REVENUE FUND LONG-TERM FINANCIAL PLAN City Manager Proposed FY2017 Annual Budget Actual 2014-15 BEGINNING FUND BALANCE $ 1,194,674 Estimated 2015-16 $ 2,040,729 Year 1 Projected 2017-18 Budget 2016-17 $ 3,644,081 $ 4,172,488 Year 2 Projected 2018-19 $ 5,135,027 Year 3 Projected 2019-20 $ 6,768,357 Year 4 Projected 2020-21 $ 8,358,993 REVENUES: Hotel/motel occupancy taxes (HOT) Proceeds from special events Conference Centre rental Visit Addison! Rental Theatre Rental Interest and other TOTAL REVENUES 5,512,956 1,014,650 638,045 183,429 143,248 19,719 7,512,047 5,884,000 1,893,435 668,000 80,000 6,025 8,531,460 6,000,000 2,691,200 678,000 111,240 17,000 9,497,440 6,120,000 2,745,024 691,560 113,465 17,340 9,687,389 6,242,400 2,799,924 705,391 115,734 17,687 9,881,137 6,367,248 2,855,923 719,499 118,049 18,041 10,078,759 6,494,593 2,913,041 733,889 120,410 18,401 10,280,334 EXPENDITURES: Visit Addison Conference Centre Marketing Special Events Addison Theatre Centre Performing Arts General Hotel Operations Transfers to other funds/debt service TOTAL EXPENDITURES 765,288 959,140 872,579 2,279,532 542,067 36,304 1,211,082 6,665,992 200,000 1,145,906 946,981 2,695,657 581,594 100,845 1,257,124 6,928,108 1,453,463 1,092,730 4,145,843 400,384 447,000 170,113 1,259,500 8,969,033 1,054,270 1,124,660 4,268,860 412,020 420,410 175,170 1,269,460 8,724,850 1,085,910 1,157,560 4,395,570 424,017 434,220 180,390 570,139 8,247,806 1,118,490 1,191,450 4,526,080 436,372 448,450 185,740 581,542 8,488,124 1,152,040 1,226,350 4,660,500 449,095 463,100 191,270 593,173 8,735,528 ENDING FUND BALANCE Ending balance as % of operating expenditures MLS Requests reflected above: Marketing Special Events Conference Centre Total MLS Requests $ 2,040,729 30.6% $ 3,644,081 $ 52.6% 4,172,488 $ 46.5% $ $ 75,525 18,539 462,290 556,354 5,135,027 $ 58.9% $ $ 77,791 19,095 23,422 120,308 6,768,357 $ 82.1% $ $ 80,124 19,668 24,125 123,917 8,358,993 $ 98.5% $ $ 82,528 20,258 24,849 127,635 9,903,799 113.4% $ $ 85,004 20,866 25,594 131,464 ASSUMPTIONS: 1) Hotel occupancy tax for FY17 projected to increase 2% over estimated FY16 year end. 2) Revenues and Expenditure amounts for Special Events reflect a change in accounting method; as of FY16, expenses no longer netted against revenues. 3) All revenues projected to increase by two percent annually. 4) All expenditures projected to increase by three percent annually to adjust for inflation. 5) Conference Centre expenditures increase in FY17 due to significant building maintenance MLS. 6) Visit Addison has been eliminated, but FY16 includes estimated payout for remainder of lease. 7) Personnel Services includes a five percent increase to adjust for insurance costs for FY2017. 8) Personnel Services includes $22k for up to five percent merit compensation adjustments. Exhibit E-2 TOWN OF ADDISON AIRPORT FUND LONG-TERM FINANCIAL PLAN City Manager Proposed FY2017 Annual Budget BEGINNING WORKING CAPITAL NET INCOME Operating revenues: Operating grants Fuel flowage fees Rental User fees Other Total operating revenues Operating expenses: Town - Personnel services Town - Supplies Town - Maintenance Town - Contractual services Grant - Operations and Maintenance Operator - Operations and Maintenance Operator - Service Contract Total operating expenses Net operating income Non-Operating revenues (expenses): Interest earnings and other Interest on debt, fiscal fees, and other Capital Contribution Net Non-Operating revenues (expenses) Net income (excluding depreciation) Sources (uses) of working capital: Retirement of long-term debt Net additions to fixed assets (incl. capital contributions from grants) Other net additions to fixed assets Increase in customer deposits Bond proceeds Net sources (uses) of working capital ENDING WORKING CAPITAL Ending WC as a % of operating expenses USES OF WORKING CAPITAL Grant Eligible Projects: Taxiway Alpha General Taxiway Bravo Capital (Town's Share): Taxiway Alpha Taxiway Bravo General Taxiway Mike Taxiway Quebec Taxiway Romeo Taxiway Sierra Taxiway Tango Taxiway Uniform Taxiway Victor Total Actuals 2014-15 Estimated 2015-16 Budget 2016-17 Year 1 Projected 2017-18 Year 2 Projected 2018-19 Year 3 Projected 2019-20 Year 4 Projected 2020-21 $ 2,211,678 $ 2,984,227 $ 3,323,963 $ 2,269,040 $ 2,797,150 $ 3,323,640 $ 3,850,440 $ $ $ $5,500,158 $50,000 $951,028 $4,411,682 $173,862 5,586,572 $50,000 $970,048 $4,477,858 $176,470 $5,674,376 $50,000 $989,449 $4,545,025 $179,117 5,763,591 $50,000 $1,009,238 $4,613,201 $181,804 5,854,243 407,013 42,000 116,150 188,455 100,000 3,153,838 386,792 4,394,248 1,105,910 419,220 43,260 119,630 194,110 100,000 3,189,088 427,582 4,492,890 1,093,682 431,800 44,560 123,220 199,930 100,000 3,236,924 439,484 4,575,918 1,098,458 444,750 45,900 126,920 205,930 100,000 3,285,478 451,727 4,660,705 1,102,886 458,090 47,280 130,730 212,110 100,000 3,334,760 451,727 4,734,697 1,119,546 829,044 4,248,056 61,379 512,888 5,651,367 318,036 58,326 88,270 560,906 100,000 2,453,851 398,061 3,977,450 1,673,917 50,000 817,368 4,375,231 146,099 5,388,698 328,437 41,000 112,910 172,990 100,000 3,192,434 403,000 4,350,771 1,037,927 13,588 (137,468) (123,880) 10,000 (132,691) (122,691) 1,550,038 915,236 50,000 932,380 4,346,485 171,293 24,500 (127,016) (102,516) 25,240 (120,816) (95,576) 1,003,394 26,000 (112,966) (86,966) 998,106 26,780 (102,866) (76,086) 1,011,492 27,580 (94,766) (67,186) 1,026,800 1,052,360 (445,000) (455,000) (460,000) (470,000) (485,000) (500,000) (125,000) (388,195) 55,706 (777,489) (60,500) (60,000) (575,500) (100,966) (1,497,351) (2,058,317) (470,000) (485,000) (500,000) (125,000) $ 2,984,227 $ 3,323,963 75.0% 76.4% Estimated 2015-16 $ $ 2,269,040 $ 2,797,145 51.6% $ 3,323,642 62.3% Budget 2016-17 72.6% Projected 2017-18 100.9% Projected 2019-20 1,545 35,236 64,185 - - 60,500 60,000 120,500 292,000 81,000 536,464 50,000 113,000 127,582 126,585 16,800 153,920 $ 1,598,317 - - $ $ 4,777,800 82.6% Projected 2018-19 - $ $ 3,850,440 $ Projected 2020-21 - $ - ASSUMPTIONS: 1) Revenues projected to increase approximately 2 percent annually for future years. 2) Future year expenditures show a 3 percent increase to adjust for inflation. 3) Personnel Services includes a five percent increase to adjust for insurance costs for FY2017. 4) Personnel Services includes approximately $6k for up to five percent merit compensation adjustments based on proposed budget for FY2017. Exhibit E-3 TOWN OF ADDISON UTILITY FUND LONG-TERM FINANCIAL PLAN City Manager Proposed FY2017 Annual Budget Actual 2014-15 BEGINNING WORKING CAPITAL $ NET INCOME Operating revenues: Water sales Sewer charges Tap fees Penalties Other income Total operating revenues Operating expenses: Water purchases Wastewater treatment Utility operations Total operating expenses Net operating income Non-Operating revenues (expenses): Interest earnings and other Interest on bonded debt and fiscal fees Net Non-Operating revenues (expenses) Net income (excluding depreciation) Sources (uses) of working capital: Net retirement of long-term debt Debt issuance / transfer of debt proceeds Net additions to fixed assets Net increase (decrease) to other assets Transfer to Addison Escrow Fund Net sources (uses) of working capital ENDING WORKING CAPITAL Ending WC as a % of operating expenses $ 11,810,139 Estimated 2015-16 $ Year 1 Projected 2017-18 Budget 2016-17 10,231,837 $ 10,069,003 $ Year 2 Projected 2018-19 3,774,400 $ Year 3 Projected 2019-20 2,993,793 $ Year 4 Projected 2020-21 2,031,615 $ 833,466 5,678,134 4,436,230 12,580 64,949 1,200 10,193,093 5,576,551 4,124,431 10,280 80,000 20,000 9,811,261 6,040,000 4,590,000 7,000 75,000 15,000 10,727,000 6,221,200 4,727,700 7,210 77,250 15,450 11,048,810 6,407,836 4,869,531 7,426 79,568 15,914 11,380,274 6,600,071 5,015,617 7,649 81,955 16,391 11,721,683 6,798,073 5,166,085 7,879 84,413 16,883 12,073,333 3,223,750 2,496,828 3,046,128 8,766,706 1,426,387 3,159,257 2,634,648 3,299,098 9,093,003 718,258 3,700,000 2,590,000 3,852,846 10,142,846 584,154 3,959,000 2,719,500 3,968,431 10,646,931 401,879 4,236,130 2,855,475 4,087,484 11,179,089 201,185 4,532,659 2,998,249 4,210,108 11,741,016 (19,334) 4,849,945 3,148,161 4,336,412 12,334,518 (261,185) 48,098 (504,965) (456,867) 18,000 (285,978) (267,978) (46,400) (493,689) (540,089) (47,792) (476,842) (524,634) (49,226) (462,138) (511,363) (50,703) (446,113) (496,815) (52,224) (425,488) (477,711) 969,520 450,280 44,066 (122,755) (310,178) (516,149) (738,896) (381,848) (1,818,648) (347,326) (265,000) (291,114) (57,000) (600,852) (57,000) (595,000) (57,000) (625,000) (57,000) (645,000) (57,000) (2,547,822) (613,114) (657,852) (652,000) (682,000) (702,000) 10,231,837 $ 116.7% 10,069,003 (576,669) (4,705,000) (57,000) (1,000,000) (6,338,669) $ 110.7% 3,774,400 $ 37.2% 2,993,793 $ 28.1% 2,031,615 $ 18.2% 833,466 $ 7.1% (607,430) -4.9% USES OF WORKING CAPITAL: Estimated 2015-16 Addison Grove Incentive Payment Equipment Replacement: Mtr Veh's & CPU hardware Elevated Storage Tank Engineering/Architectural Services - Water Utility Plant - Water Water Mains/Hydrants Utility Plant - Sewer (Lift Station & Pump rehab/repair) Sanitary Sewers TOTAL - $ 81,800 136,910 72,404 291,114 $ Budget 2016-17 1,000,000 70,000 125,000 2,770,000 500,000 865,000 375,000 5,705,000 Projected 2017-18 $ - Projected 2018-19 Projected 2019-20 Projected 2020-21 - - - - - - - - $ - $ - $ - ASSUMPTIONS: 1) Revenues and expenditures are based on NextGen utility rate model estimates. 2) Personnel Services includes a five percent increase to adjust for insurance costs for FY2017. 3) Personnel Services includes compensation adjustments for FY2017. EXHIBIT E-4 TOWN OF ADDISON STORMWATER FUND LONG-TERM FINANCIAL PLAN City Manager Proposed FY2017 Annual Budget Actual 2014-15 BEGINNING WORKING CAPITAL $ 9,036,498 Estimated 2015-16 $ 9,576,145 Year 1 Projected 2017-18 Budget 2016-17 $ 8,481,643 $ Year 2 Projected 2018-19 5,447,210 $ Year 3 Projected 2019-20 6,194,490 $ Year 4 Projected 2020-21 7,216,980 $ 8,323,680 NET INCOME Operating revenues: Drainage Fees Total operating revenues 1,729,899 1,729,899 1,800,000 1,800,000 1,850,000 1,850,000 1,872,450 1,872,450 2,168,100 2,168,100 2,266,650 2,266,650 2,365,200 2,365,200 Operating expenses: Personnel services Supplies Maintenance Contractual services Total operating expenses Net operating income 178,069 2,331 136,870 266,987 584,258 1,145,641 85,108 15,344 225,329 226,507 552,289 1,247,711 122,741 12,700 237,200 196,727 615,368 1,234,632 126,420 13,080 244,320 202,630 586,450 1,286,000 130,210 13,470 251,650 208,710 604,040 1,564,060 134,120 13,870 259,200 214,970 622,160 1,644,490 138,140 14,290 266,980 221,420 640,830 1,724,370 Non-Operating revenues (expenses): Interest earnings and other Interest on debt, fiscal fees, and other Net Non-Operating revenues (expenses) 39,242 (266,218) (226,976) Net income (excluding depreciation) Sources (uses) of working capital: Retirement of long-term debt Net additions to fixed assets Other Transfer out to Addison Grove Escrow Fund Net sources (uses) of working capital ENDING WORKING CAPITAL Ending WC as a % of operating expenses $ 60,903 (274,716) (213,813) 67,700 (269,266) (201,566) 918,665 1,033,898 1,033,066 (265,000) (109,026) (4,992) (379,018) (270,000) (1,858,400) (2,128,400) (275,000) (3,292,500) (500,000) (4,067,500) 9,576,145 $ 1639.0% 8,481,643 $ 1535.7% 5,447,209 5,000 (263,716) (258,716) 5,000 (256,566) (251,566) 1,027,284 1,312,494 (280,000) (280,000) $ 885.2% 6,194,494 5,000 (247,791) (242,791) 1,401,699 (290,000) (290,000) $ 1056.3% 7,216,984 5,000 (237,266) (232,266) 1,492,104 (295,000) (295,000) $ 1194.8% 8,323,679 (305,000) (305,000) $ 1337.9% 9,510,784 1484.1% USES OF WORKING CAPITAL: Estimated 2015-16 Les Lacs/Winnwood Ponds Winwood Pond NW Drainage Channel Improvement Misc. Bridge & Channel Repair Belt Line Drainage Improvements Detailed Masterplan Study/Evaluation Sherlock Basin Improvement Hutton Branch Basin Improvements Midway Road Revitalization Storm Water Improvements Vitruvian Pond Maintenance (Dredging) Master Plan Basin Improvement Misc. Drainage Projects Addison Grove Incentive Payment Totals 600,000 688,400 500,000 70,000 $ 1,858,400 Year 1 Projected 2017-18 Budget 2016-17 200,000 900,000 150,000 87,500 100,000 600,000 800,000 300,000 155,000 500,000 $ 3,792,500 Year 2 Projected 2018-19 - $ - Year 3 Projected 2019-20 - $ - Year 4 Projected 2020-21 - $ - $ - ASSUMPTIONS: 1) Revenues projected based on Council-adopted fee schedule. 2) Future year expenditures a three percent increase to adjust for inflation. 3) Personnel Services includes a five percent increase to adjust for insurance costs for FY2017. 4) Personnel Services includes compensation adjustments based on proposed budget for FY2017. EXHIBIT E-5 TOWN OF ADDISON Detailed Statement of Modified Levels of Service City Manager Proposed FY2017 Annual Budget FY17 Requested Department / Request City Secretary Records Destruction and Scanning Project* Department Total $ - FY17 One Time Request City Manager Proposed $ $ - City Manager Proposed FTEs Council Considered 17 Budget - - City Manager's Office $ Unfunded FTEs - - Department Total - - - - - - Department Total - - - - - - Department Total 12,760 5,000 24,000 41,760 9,700 5,000 24,000 38,700 - - - - General Services Promotion/Reclassification Level 30 to Level 32 Promotion/Reclassification Level 6 to Level 8 Implement the FY15 Facilities Assessment Program Department Total 11,122 2,817 13,939 - - - - - Department Total 35,593 35,593 - - - - 0.3 0.3 Human Resources Compensation Study and Implementation Certification Pay Study and Implementation HR Manager HR Assistant Health Insurance Increase Department Total 398,900 190,000 95,474 54,994 148,045 887,413 15,000 15,000 148,045 178,045 398,900 190,000 148,045 736,945 - - 1.0 1.0 2.0 Department Total - - - - - - Information Technology PCI (Payment Card Industry) Gap Assessment Tower Feasibility Study Department Total 30,000 30,000 60,000 30,000 30,000 60,000 - - - - Police Assessment - Security Upgrades to Lobby Area and Fencing - North Side* Cellular Phones (Smart) Criminal Investigations Technology Upgrade (tied to Cell Phone MLS) Additional OIC Stipend Additional Overtime for Jail Department Total 15,600 20,250 10,800 100,000 146,650 17,500 17,500 - - - - Fire Fire Inspector 0.7 FTE Regional Fire Training Facility Replacement - Emergency Back Up Generator for Fire Station #2 Captain - EMS 1 FTE Emergency Management Specialist Apparatus Cell Phones - Replacing five phones Department Total 59,321 431,858 60,000 136,031 80,037 3,900 771,147 424,410 60,000 484,410 59,321 59,321 0.7 0.7 - 1.0 1.0 2.0 Development Services Planner 1 FTE Zoning and Subdivision Code Rewrite Permit Technician 1 FTE Repurposed - 0.3 FTE PT Building Inspector Building Inspector IVR Citizen Engagement Study Department Total 67,039 150,000 76,998 17,006 55,000 40,000 406,043 20,000 50,000 40,000 120,000 67,039 67,039 1.0 1.0 - 1.0 0.3 1.3 Streets ADA Transition Plan* Crew Leader 1 FTE Joint seal and crack seal maintenance Street panel replacement, asphalt overlays, sidewalk panel replacement Street rental increase - equipment Department Total 79,218 150,000 200,000 20,000 449,218 3,000 150,000 153,000 - - - 1.0 1.0 Parks Fountain Tech/Electrician 1 FTE GIS Inventory and Assessment of Town's Parks* New Vehicle - Hot Shot Crew Repair Celestial Face Plates* Parks Crew - Addition of 3 FTEs Maintenance Trailer Department Total 63,242 50,125 311,668 6,000 431,035 63,242 63,242 1.0 1.0 - 3.0 3.0 Council Special Projects Dog Park* Finance Dues/Training/Travel Door Replacement Deck Replacement Municipal Court Deputy Court Clerk 0.3 FTE Combined Services Asset Management Plan* 10,000 44,456 38,500 99,195 6,000 188,151 * Funded in 2016 EXHIBIT F1 TOWN OF ADDISON Detailed Statement of Modified Levels of Service City Manager Proposed FY2017 Annual Budget FY17 Requested Department / Request Recreation Group X Instructor Funding AAC Major Facility Upgrade Items Maintenance Items Convert 2 Racquetball Courts Remove Fitness Area Control Desk New Second Floor Office Department Total Total General Fund $ Department Total Special Events Promotion/Reclassification Level 22 to Level 26 ATV Gator* Increase funding for Taste Addison Event Increase funing for Addison Summer Series Event Automated Tasty Buck Kiosks Investigational work to determine leakage - Addison Circle Park Department Total Conference Centre ACTC Market Study Conference Centre Facility Major Maintenance Items Replace Datronics sign* Sales Consultant 1 FTE Department Total Performing Arts Department Total General Hotel Operations MuniServices Implement the FY15 Facilities Assessment Program Department Total Total Hotel Fund $ Airport GIS (Geographical Information System) Analyst 0.3 FTE Department Total Total Airport Fund $ - - 926,547 2.7 $ $ $ $ - - - 9.6 75,000 75,000 75,525 75,525 1.0 1.0 - - 18,539 327,500 11,000 72,122 8,000 437,161 327,500 11,000 72,122 8,000 418,622 18,539 18,539 - - - 50,000 626,350 22,740 699,090 50,000 320,500 370,500 438,000 24,290 462,290 1.0 1.0 - - - - - - - - 10,000 10,000 10,000 10,000 - - - - 556,354 2.0 - - 31,000 31,000 0.3 0.3 - - 31,000 0.3 - - 31,000 31,000 0.3 0.3 - 3.0 1.0 4.0 31,000 0.3 - 4.0 15,000 31,000 46,000 0.3 0.3 - 1.0 1.0 46,000 1,590,901 0.3 5.7 - 1.0 14.6 1,336,776 $ 31,000 372,864 145,777 6,167,315 874,122 $ $ - $ 38,000 38,000 $ 99,777 15,000 31,000 145,777 $ $ 2,254,906 Unfunded FTEs 75,525 75,000 40,000 190,525 217,752 124,112 31,000 372,864 Stormwater Stormwater Operator 1 FTE Rental, Increase from $1,000 GIS (Geographical Information System) Analyst 0.3 FTE Department Total Total Stormwater Fund Total All Operating Funds 832,500 54,600 95,000 15,000 18,000 1,015,100 31,000 31,000 Utilities Utilities Crew - 3 FTEs Infrastructure Inspector 1 FTE Implement the FY15 Facilities Assessment Program GIS (Geographical Information System) Analyst 0.3 FTE Department Total Total Utility Fund 4,280,898 Council Considered 17 Budget City Manager Proposed 23,000 832,500 54,600 95,000 15,000 18,000 1,038,100 Marketing Marketing Specialist 1 FTE Special Event Microsites OK Marketing Campaign City Manager Proposed FTEs FY17 One Time Request 38,000 $ $ $ 3,167,028 $ $ $ $ $ $ $ * Funded in 2016 EXHIBIT F2 TOWN OF ADDISON AIRPORT OPERATOR OPERATION AND MAINTENANCE BUDGET City Council Adopted FY2017 Annual Budget URS/SAMI OPERATING EXPENSES: Actual 2014-15 Capital maintenance Grounds Gates & fencing Trash and Dumpsters Buildings Lights & markings Pavements Hangars Fuel farm Insurance $ Equipment maintenance & materials Equipment & tool Vehicle Communications Lubricants Shop supplies Small tools Uniforms Fuels General & administration AATI Settlement Customs expense Office supplies Rentals & leases Telephone Professional fees Airport Management Office Rent Dues & subscriptions Entertainment Bad Debt Expense (Charge-offs) Travel Office pool (Aecom Direct Expense) Banking and credit card fees Postage & shipping Printing Information technology Meetings & presentations Marketing & promotional Personnel services Salaries Taxes & benefits Contractual services Capital equipment rentals & lease Professional services Electrical Electric utility Gas utility Water & sewer utility Stormwater Assessment Total O&M Budget+SAMI+URS 358 25,068 4,794 7,463 16,582 285,058 34,247 89,251 99,745 562,565 Budget 2015-16 $ $ 50,000 5,000 6,133 40,000 30,000 280,000 30,000 52,150 103,915 597,198 Budget 2016-17 $ 58,700 14,100 11,760 31,900 64,000 109,802 23,500 55,290 122,350 491,402 29,096 3,610 1,696 1,686 36,088 30,000 8,500 4,200 3,000 45,700 22,000 4,000 2,000 3,000 31,000 36,500 6,500 4,200 3,600 50,800 10,417 47,917 9,594 5,233 7,940 56,212 1,110 15,583 679 50,265 11,049 39,854 30,579 1,887 2,110 32,794 37,632 26,716 387,571 39,700 14,600 5,340 9,600 75,000 85,000 13,765 2,500 25,700 40,850 37,831 2,100 9,780 122,890 35,300 18,800 538,756 62,500 47,000 12,100 9,000 6,413 55,000 80,000 13,515 2,200 24,000 40,850 37,000 2,100 12,500 87,740 10,000 18,800 520,718 62,500 48,000 15,200 5,340 14,393 60,300 81,600 17,350 3,500 30,300 41,667 35,760 2,100 12,060 64,460 38,340 28,700 561,570 899,337 483,059 1,382,396 1,014,538 591,773 1,606,311 1,011,000 593,858 1,604,858 1,026,608 614,000 1,640,608 185,342 134,695 18,133 16,450 54,806 409,426 181,500 147,440 148,775 10,895 21,878 52,592 381,580 46,823 (37,487) 6,238 9,553 33,028 58,155 $ 58,700 6,600 10,680 44,100 40,000 61,800 34,500 41,290 106,885 404,555 Estimated 2015-16 2,426,776 $ 3,004,748 130,000 15,000 23,000 50,000 399,500 $ 3,153,274 $ 3,125,960 EXHIBIT G TOWN OF ADDISON CAPITAL PROJECTS SUMMARY City Manager Proposed FY2017 Annual Budget Life to Date Expenditures Capital Projects Funds (Bond Funded) Streets: Midway Road Design & Rehabilitation Addison Road Rehabilitation Vitruvian Phase 4 & 5 Belt Line Road Parks: Pedestrian Connectivity (Beltway/Proton) Pedestrian Connectivity (Quorum) Public Safety: Public Safety Radio Replacement Joint Dispatch Project Information Technology: Wireless network improvements General: Land Purchase Capital Projects Funds Subtotal Airport Fund Grant Eligible Projects Taxiway Alpha General Taxiway Bravo Airport Development/Redevelopment Projects (non-grant eligible) Taxiway Alpha Taxiway Bravo General Taxiway Mike Taxiway Quebec Taxiway Romeo Taxiway Sierra Taxiway Tango Taxiway Uniform Airport Fund Subtotal Infrastructure Investment Fund City Wide Streets and Sidewalk Evaluation Surveyor Railroad Crossing Improvements Illuminated Street Name Sign Replacement Les Lacs Park and Town Park Playground Structures Celestial Park Trail Replacement Streets and Sidewalk Improvements Airport ILS Beltline Road Phase II Design ADA Transition Plan Addison Grove Incentive Payment Pavement Mgmt Program Infrastructure Investment Fund Subtotal Utility Fund Addison Grove Incentive Payment Vehicle Replacement & CPU Hardware Utility Plant - Water Elevated Storage Tank Water System Evaluation and Strategic Plan Facilities Rehab/Repair (Building Envelope) Pump Rehabs/Replacement Surveyor Ground Storage Tank Rehab. and Piping Improv. (Construction)* Celestial Ground Storage Tank Rehabilitation (Design) $ Budget 2015-16 1,055,000 1,508,112 556,142 9,878,196 $ Estimated 2015-16 1,700,000 568,619 8,176,791 16,350,110 $ Budget 2016-17 90,283 841,325 268,393 4,675,978 $ 1,653,250 766,361 5,204,847 12,356,624 2,154,556 877,606 1,000,000 338,723 1,938,162 9,000 295,444 172,394 3,451,104 617,386 400,000 - 132,230 518,896 412,614 15,600 - - - 20,113,702 3,000,000 31,534,243 7,955,371 21,380,430 - - - 1,545 35,236 64,185 - 60,500 61,500 122,000 60,500 60,000 120,500 292,000 81,000 536,464 50,000 113,000 127,582 126,585 16,800 153,920 1,598,317 123,849 199,394 132,256 7,125 462,624 30,000 50,000 325,000 150,000 200,000 200,000 955,000 15,003 162,500 199,394 9,500 386,397 200,000 162,500 150,606 250,000 250,000 300,000 500,000 250,000 2,063,106 - 600,000 - 1,000,000 70,000 210,649 466,501 - 57,750 1,232,750 - 81,800 136,910 - 30,000 100,000 2,500,000 140,000 EXHIBIT H1 TOWN OF ADDISON CAPITAL PROJECTS SUMMARY City Manager Proposed FY2017 Annual Budget Life to Date Expenditures Water Mains/Hydrants Water Line Improvements Engineering/Architectural Services Utility Plant - Sewer (Lift Station & Pump rehab/repair) Engineering/Architectural Services - Sewer Facilities Rehab/Repair (Building Envelope) Kellway Lift Station Emerg. Generator Transfer Switch Replace. Equipment Storage Building (Kellway Lift Station) (Design) Equipment Storage Building (Kellway Lift Station) (Construction)* Sanitary Sewers Wastewater Line Rehabilitation/Replacement Engineering/Architectural Services Master Planning Utility Fund Subtotal Storm Water Fund Les Lacs Pond Water Well Transfer Piping System Winnwood Pond NW Drainage Channel Improvements Misc. Bridge & Channel Repair Belt Line Drainage Improvements Detailed Masterplan Study/Evaluation Mary Kay/Keller Springs Basin Improvements Sherlock Basin Improvements Master Plan Basin Improvement Misc. Drainage Projects Addison Grove Incentive Payment Storm Water Fund Subtotal Total Capital Projects $ Budget 2015-16 Estimated 2015-16 Budget 2016-17 - 227,784 - - 500,000 125,000 146,889 - 25,000 - 72,404 - 40,000 200,000 75,000 550,000 824,039 756,330 70,550 400,000 3,370,164 - 291,114 300,000 75,000 5,705,000 102,276 533,274 6,529 500,000 400,000 1,500,000 120,000 900,000 850,000 100,000 4,370,000 $ 40,351,407 300,000 300,000 688,400 500,000 200,000 900,000 150,000 87,500 100,000 600,000 70,000 1,858,400 10,611,782 800,000 300,000 155,000 500,000 3,792,500 $ 34,539,353 642,079 22,042,444 $ * Development of five-year Capital Improvement Plan (CIP) in process EXHIBIT H2 TOWN OF ADDISON CAPITAL PROJECTS SUMMARY City Manager Proposed FY2017 Annual Budget Life to Date Expenditures Self-Funded Special Projects Fund Asset Management Dog Park Fire Training Center Backup Generator for Fire Department Records Management Operations Assessment Celestial Face Plates GIS Setup for Parks Compensation Pay Study Certification Pay Study Ceramic Plate Bullet Proof Vests Total Self-Funded Special Projects Fund $ $ Budget 2015-16 - $ $ Estimated 2015-16 - $ $ Budget 2016-17 - $ $ 500,000 112,000 110,000 60,000 50,000 50,000 45,000 23,500 15,000 15,000 15,000 995,500 EXHIBIT H3 TOWN OF ADDISON LONG-TERM DEBT OUTSTANDING AS OF 9/30/16 City Manager Proposed 2016-2017 Annual Budget General Obligation Debt Self-Supporting Debt Combination Tax and Revenue Certificates of Obligation Series of 2008 (Called in 2016 - Balance of noncallable bonds) A series of 6,900 bonds at $5,000 each dated May 1, 2008. The bonds were issued for the purpose of constructing improvements to (i) water, sewer, drainage, park and streets including sidewalks, street lighting, landscaping, extensions and relocations, and acquisition of land and rights-of-way; (ii) acquisition and construction of a water tower; (iii) acquisition of land for street and other municipal purposes (collectively with items (i) and (ii)); and (iv) payment of professional services of attorneys, financial advisors and other professionals in connection with the issuance of the certificates. The bonds mature serially through 2033 with interest rates ranging from 4% to 5%. The bonds are callable at par value plus accrued interest on or after February 15, 2018 in whole or in part in principal amounts of $5,000. Bonds and interest are payable from a combination of Ad Valorem taxes and a limited pledge (not to exceed $1,000) of surplus net revenues of the Town’s Utility Fund. $ Ratings: Moody's "Aa1"; Standard & Poor's "AAA" 1,962,479 $ 607,521 General Obligation Refunding Bonds Series of 2011 A series of 1,778 bonds at $5,000 each dated October 15, 2011. The bonds were issued to refund the Town's outstanding General Obligation Refunding Bonds, Series 2001, General Obligation Refunding and Improvement Bonds, Series 2002, and Combination Tax and Revenue Certificates of Obligation, Series 2003; and pay the costs of issuance associated with the sale of the bonds. The bonds mature serially through 2018 with interest rates ranging from 2% to 3%. Bonds and interest are payable from a combination of Ad Valorem taxes. Ratings: Moody's "Aa1"; Standard & Poor's "AAA" 1,225,000 1,380,000 13,775,000 - 19,410,000 - Combination Tax and Revenue Certificates of Obligation Series of 2012 A series of 2,967 bonds at $5,000 each dated August 15, 2012. The bonds were issued for the purpose of (i) acquiring and installing radio and telecommunication equipment for Town public safety operations, (ii) designing, acquiring, improving, constructing, and renovating water, wastewater and street infrastructure improvements, including drainage infrastructure, within the Vitruvian Park area of the Town; and (iii) paying professional services of attorneys, financial advisors and other professionals in connection with the Project and the issuance of the certificates. The bonds mature serially through 2032 with interest rates ranging from 1.5% to 4%. The bonds are callable at par value plus accrued interest on or after February 15, 2022 in whole or in part in principal amounts of $5,000. Bonds and interest are payable from a combination of Ad Valorem taxes and a limited pledge (not to exceed $1,000) of surplus net revenues of the Town’s Utility Fund. Ratings: Moody's "Aa1"; Standard & Poor's "AAA" General Obligation Refunding and Improvement Bonds Series of 2012 A series of 4,518 bonds at $5,000 each dated August 15, 2012. The bonds were issued to fund various public improvement projects up to $19,830,000 to include construction, engineering, and other professional service; refund the Town’s outstanding General Obligation Bonds, Series 2004, and General Obligation Refunding and Improvement Bonds, Series 2005; and pay the costs of issuance associated with the sale of the bonds. The bonds mature serially through 2032 with interest rates ranging from 2% to 5%. The bonds are callable at par plus accrued interest on or after February 15, 2022 in whole or in part in principal amounts of $5,000. Bonds and interest are payable from Ad Valorem taxes. Ratings: Moody's "Aa1"; Standard & Poor's "AAA"; AMBAC Insured General Obligation Bonds, Tax-Exempt Exhibit I1 TOWN OF ADDISON LONG-TERM DEBT OUTSTANDING AS OF 9/30/16 City Manager Proposed 2016-2017 Annual Budget General Obligation Debt Self-Supporting Debt 4,200,000 - 1,675,000 - 1,125,000 - 2,600,000 6,505,000 Series of 2013 A series of 933 bonds at $5,000 each dated July 15, 2013. The bonds will be used to provide funds to (i) engineer, construct, improve, repairing, develop, extend and expand streets, thoroughfares, bridges, interchanges, intersections, grade separations, sidewalks and other public ways of the Town, included related streetscape improvements, public utility improvements, storm drainage facilities and improvements, signalization and other traffic controls, street lighting and the acquisition of land therefor; (ii) acquire and improve of land and insterest in land to provide improvements, additions and access to the Addison Municipal Airport, and (iii) pay the costs of issuing the Tax-Exempt Bonds. Ratings: Moody's "Aa1"; Standard & Poor's "AAA" General Obligation Bonds Series 2013A (AMT) A series of 375 bonds at $5,000 each dated July 15, 2013. The bonds will be used to provide funds to: (i) acquire and improve of land and interests in land to provide improvements, additions and access to the Addison Municipal Airport, and (ii) pay the costs of issuing the AMT bonds. Ratings: Moody's "Aa1"; Standard & Poor's "AAA" General Obligation Bonds Taxable Series 2013B A series of 250 bonds at $5,000 each dated July 15, 2013. The bonds, together with other available Town funds, will be used to provide funds to: (i) acquire and improve of land and interests in land to provide improvements, additions and access to the Addison Municipal Airport, and (ii) pay the costs of issuing the Taxable Bonds. Ratings: Moody's "Aa1"; Standard & Poor's "AAA" Combination Tax and Revenue Certificates of Obligation Series 2013 A series of 2,037 bonds at $5,000 each dated July 15, 2013. The Certificates will be used for (i) (a) designing, acquiring, improving, constructing and renovating facilities and infrastructure at the Addision Municipal Airport and the acquisition and improvement of land and interests in land to provide improvements, additions and access to the airport, (b) designing, acquiring, improving, constructing, and renovating City drainage and stormwater infrastructure and facilities ((a) and (b) together, the "Project") and (ii) paying professional services of attorneys, financial advisors and other professionals in connection with the Project and the issuance of the Certificates. Ratings: Moody's "Aa1"; Standard & Poor's "AAA" General Obligation Bonds, Tax-Exempt Series 2014 A series of 2,400 bonds at $5,000 each dated February 15, 2014. The bonds will be used to provide funds for: (i) engineering, constructing, reconstructing, improving, repairing, developing, extending and expanding streets, thoroughfares, bridges, interchanges, intersections, grade separations, sidewalks and other public ways of the Town, including related streetscape improvements, public utility improvements, storm drainage facilities and improvements, signalization and other traffic controls, street lighting, and the acquisition of land thereof; relocating utilities currently located in or adjacent to the Belt Line Road right-of-way and acquiring, constructing, and developing Belt Lind Road roadway and streetscape improvements and the acquisition of land thereof; and (iii) for the payment of the costs of issuing the Tax-Exempt Bonds. The bonds mature serially through 2032 with interest rates ranging from 3% to 3.625%. Ratings: Moody's "Aa1"; Standard & Poor's "AAA" 11,355,000 - Certificates of Obligation Exhibit I2 TOWN OF ADDISON LONG-TERM DEBT OUTSTANDING AS OF 9/30/16 City Manager Proposed 2016-2017 Annual Budget General Obligation Debt Series 2014 A series of 1,513 bonds at $5,000 each dated February 15, 2014. The Certificates will be used for (i) designing, constructing, installing, acquiring, and equipping additions, extensions and improvements to the Town's water and wastewater system, and the acquisition of land and interests in land for such projects, (the "Project") and (ii) paying professional services of attorneys, financial advisors, and other professionals in connection with the Project and the issuance of the Certificates. The bonds mature serially through 2013 with interest rates ranging from 1% to 4%. Ratings: Moody's "Aa1", Standard & Poor's "AAA" Self-Supporting Debt - 7,190,000 - 1,460,000 General Obligation Refunding Bonds Series 2014 (AMT) A series of 429 bonds at $5,000 each dated February 15, 2014. The bonds will be used to: (i) refund a portion of the Town’s outstanding Combination Tax and Revenue Certificates of Obligation, Series 2004 for debt service savings, and (ii) to pay the costs of issuing the AMT Bonds. The bonds mature serially through 2020 with interest rates ranging from 1% to 2%. Ratings: Moody's "Aa1", Standard & Poor's "AAA" General Obligation Refunding Bonds Series 2016 (Refunded Series 2008) A series of 4,712 bonds at $5,000 each dated May 1, 2016. The bonds will be used to: (i) refund a portion of the Town's outstanding debt (the "Refunded Obligations") for debt service savings and (ii) to pay the costs associated with the issuance of the Bonds. Ratings: Moody's "Aa1", Standard & Poor's "AAA" TOTAL LONG-TERM DEBT OUTSTANDING 17,990,000 $ 75,317,479 5,570,000 $ 22,712,521 Exhibit I3