Proposed 2015 Budget Presentation Bristol Township Budget...GENERAL FUND REVENUES Highlights •...
Transcript of Proposed 2015 Budget Presentation Bristol Township Budget...GENERAL FUND REVENUES Highlights •...
Proposed 2018 Budget Presentation
Bristol Township
Council President - Craig BowenCouncil Vice-President – Cynthia Murphy
Councilman Howard AllenCouncilman - Patrick Antonello
Councilman - Joe GlassonCouncilman - John Monahan
Councilwoman – Maryann WagnerTownship Manager -William J. McCauley, III
December 7, 2017
2018 BUDGET SCHEDULE• 2018 budget request forms
distributed to department heads on September 14. Dept. heads submit expenditure estimates (October 7).
• 2018 Budget Distributed to Council and public on November 14
• 2018 Budget Public Hearings:
November 14 (first reading)
December 7 (presentation)
• Adoption of proposed 2018 budget: December 7 or December 21
BUDGET HIGHLIGHTS
• No fund balance being proposed as revenue inthe balanced General Fund operating budget forthe sixth consecutive year=BALANCED BUDGET.
• NO REAL ESTATE TAX INCREASE (Real estate taxdecrease in 2012, 2015 and no increase in 2013,2014, 2016, 2017, and 2018)
• Proposed budget reflects a 13% increase (allfunds) over the 2017 adopted budget.
• Continue to invest in infrastructure. $2 millionfor gateway beautification projects, $1 million forblight removal, and $4 million for expansion ofmunicipal complex park.
• $76,475,204 million in unfunded liabilities2
despite having gone to Act 111 Arbitration.
2: Total = $76,475,204 includes post employment benefit plan, Police Pension Trust Fund, and accrued leaves . Breakdown is as follows: Post employment benefit plan ($66,464,278), Police Pension Trust Fund ($6,538,930), Accrued Leave ($3,471,996)
COMPARISON BETWEEN 2017 ADOPTED &
2018 PROPOSED BUDGET
Township Fund 2017 Adopted 2018 Proposed Increase/Decrease% Change
from
Budget Budget from Previous Year Previous Year
General Fund $ 23,888,500.00 $ 21,186,000.00 $ (2,702,500.00) (11%)
Education Service Agency $ 170,900.00 $ 183,300.00 $ 12,400.00 7%
Street Lights $ 805,000.00 $ 728,500.00 $ (76,500.00) (10%)
Fire $ 1,177,800.00 $ 1,146,400.00 $ (31,400.00) (3%)
Rescue $ 227,300.00 $ 230,400.00 $ 3,100.00 1%
Parks $ 793,100.00 $ 469,800.00 $ 323,300.00 (41%)
Grants $ 820,000.00 $ 1,074,800.00 $ 254,800.00 31%
Capital Projects $ 5,364,000.00 $ 12,730,000.00 $ 7,366,000.00 137%
Debt $ 2,138,000.00 $ 2,756,400.00 $ 618,400.00 29%
Refuse $ 5,281,400.00 $ 7,198,700.00 $ 1,917,300.00 36%
Liquid Fuels $ 1,915,000.00 $ 2,750,000.00 $ 835,000.00 44%
Community Development $ 944,200.00 $ 1,042,600.00 $ 98,400.00 10%
Sewer $ 11,749,180.00 $ 11,079,500.00 $ (669,680.00) (6%)
Total Budgets $ 55,274,380.00 $ 62,576,400.00 $ 7,302,020.00 13%
GENERAL FUND OPERATING RESULTS (Revenues-Expenses)/Revenues
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
2012 2013 2014 2015 2016 2017 2018
OperatingResults
BalancedFund(Trigger)
Year Surplus/(deficit)Balanced Fund
(Trigger)
2012 $1,544,910.00 3.30%
2013 $2,123,021.00 7.50%
2014 $3,390,999.00 9.39%
2015 $(4,251,452.00) 15.61%
2016 $ 252,650.00 1.12%
2017 - 0 - 0.00%
2018 -0- 0.00%
GENERAL FUND REVENUES Highlights
• General Fund revenues will be $21,186,000 and expenditureswill be $21,186,000 (11% decrease from 2017 budget).1
• 2018 General Fund budget proposes to balance the budgetwithout using any fund balance as operating revenue.
• Net revenues are slightly more than 2017 levels. 2
1: No significant transfers of general fund revenue to capital fund proposed in 2018.
2: Largely due to efficient collection of EIT, LST,R/E transfer taxes and various fees.
GENERAL FUND REVENUES
2013 ACTUAL 2014 ACTUAL 2015 ACTUAL 2016 ACTUAL 2017 ADOPTED 2018 PROPOSED
TOTAL REVENUES $22,610,670 $21,720,179 $21,946,394 $22,489,671 $23,888,500 $21,186,000
INTERFUND TRANSFERS $1,060,069 $300,000 $400,000 $460,000 $3,735,000 $535,000
NET REVENUES $21,550,601 $21,420,179 $21,546,394 $22,029,671 $20,153,500 $20,651,000
INCREASE(DECREASE) $1,148,725 ($130,422) $126,215 $483,277 ($1,876,171) $497,500
PERCENTAGE 5.63% (.6%) .58% 2.24% (8.52%) 2.47%
Bristol Township Net General Fund Revenues 2013 to 2018
GENERAL FUND REVENUES 2018
General Fund Revenue Source
2017 Adopted 2018 Proposed % of TotalSurplus/Deficit from Previous
Year
% Change from
Previous Year
Total Revenue 23,888,500.00 21,186,000.00 N/A (2,702,500.00) (11.31%)
Real Property Taxes 7,558,000.00 7,611,000.00 35.92% 53,000.00 0.70%
Local Enabling Taxes 2,191,000.00 2,331,000.00 11.00% 140,000.00 6.39%
Earned Income Taxes 6,100,000.00 6,250,000.00 29.50% 150,000.00 2.46%
Business License & Permits 2,662,200.00 2,756,200.00 13.01% 94,000.00 3.53%
State Shared Revenue 646,700.00 671,700.00 3.17% 25,000.00 3.87%
Capital & Operating Grants 0.00 0.00 0.00% - -
Miscellaneous 328,100.00 354,600.00 1.67% 26,500.00 8.08%
Charges for Services 190,500.00 190,500.00 0.90% - -
Fines & Forfeits 477,000.00 486,000.00 2.29% 9,000.00 1.89%
Debt Proceeds 0.00 0.00 0.00% - 0.00%
Interfund Transfer 3,735,000.00 535,000.00 2.53% (3,200,000) (85.68%)
GENERAL FUND REVENUES 2018
35.92%
11.00%
29.50%
13.01%
3.17%
0.00%
1.67%
0.90%
2.29%
0.00% 2.53%
Real Property Taxes
Local Enabling Taxes
Earned Income Taxes
Business Licenses & Permits
State Shared Revenue
Capital & Operating Grants
Miscellaneous
Charges for Services
Fines & Forfeits
Debt Proceeds
Interfund Transfers
GENERAL FUND EXPENDITURESHighlights
• Investment in public safety: Hire two full-time police officers
• Continued investment in technology to improve productivity
GENERAL FUND EXPENDITURES
2013 ACTUAL 2014 ACTUAL 2015 ACTUAL 2016 ACTUAL 2017 ADOPTED 2018 PROPOSED
TOTAL EXPENDITURES$20,487,649 $18,329,180 $26,197,846 $22,237,021 $23,888,500 $21,186,000
INTERFUND TRANSFERS$2,828,290. $890,816 $7,832,078 $3,423,850 $3,777,200 $221,900
NET EXPENDITURES $17,659,359 $17,438,364 $18,365,768 $18,813,171 $20,111,300 $20,964,100
INCREASE(DECREASE) ($1,219,977) ($220,995) $927,404 $447,403 $1,298,129 $852,800
PERCENTAGE (6.46%) (1.25%) 5.32% 2.43% 6.90% 4.24%
Bristol Township Net General Fund Expenditures (2013 to 2018)
GENERAL FUND EXPENDITURES
(2018)
General Fund Expenditures
2017 Adopted 2018 Proposed% of Total GF Expenditures
Surplus/Deficit from Previous
Year
% Change from
Previous Year
Salaries $9,100,700.00 $9,744,700.00 46.48% $644,000.00 7.00%
FICA $303,500.00 $317,500.00 1.51% $14,000.00 5.00%
Benefits $7,142,300.00 $7,350,200.00 35.06% $207,900.00 3.00%
Total Personnel Related Costs
$16,546,500.00 $17,412,400.00 83.06% $865,900.00 5.00%
Operating Expenditures
$3,564,800.00 $3,551,700.00 16.94% $(13,100.00) (.37%)
Total Expenditures $20,111,300.00 $20,964,100.00 N/A $852,800.00 4.24%
GENERAL FUND EXPENDITURES
(2018)
46.49%
1.51%
35.06%
16.94%
Salaries
FICA
Benefits
Operating Expenses
CAPITAL FUND Highlights
• 2018 total proposed budgetfor the Capital Fund is$12,730,000 an increase of$7,366,00 over the 2017budget of $5,364,000
• Borrowed $10 million fromDelaware Valley RegionalFinance Authority in July2017
• Transferred $3 million todebt fund to pay off loans
CAPITAL FUNDHighlights
• Development of municipal complex parkland ($4 million)
CAPITAL FUNDHighlights
• Development of municipal complex parkland ($4 million)
CAPITAL FUNDHighlights
Cedar Avenue Park
CAPITAL FUND Highlights
CAPITAL FUND Highlights
• Township Gateway Beautification Project –$2 million
• Blight Elimination ($1 million)
• Upgrade of five intersections/traffic signals
• Spray Park at Policeman’s Park ($700,000)
• Wistar Avenue Bridge ($850,000)
• Other capital projects computer upgrades ($60,000) document scanning technology ($150,000), and new police cars ($165,000) provide “Glasson Grants” ($100,000) to volunteer fire companies and public works bucket truck ($100,000)
BRISTOL TOWNSHIP MILLING & PAVING
Program Summary
*The Public Works Department has also paved approximately 2 miles of Township highways between 2012 and 2014.
ROADS MILES COST
2012 36 8.4 $1,259,940
2013 162 35.8 $4,255,722
2014 99 25.0 $3,529,988
2015 130 32.3 $4,421,213
2016 50 14.6 $1,979,952
2017 11 3.36 $368,132
Total 488 119.46 $15,814,947
2018 15 10 $1,500,000
GRAND TOTAL 503 129.46 $17,314,947
CAPITAL PROJECTS Highlights
RECREATION FUND
2014 Actual 2015 Actual 2016 Actual 2017 (Adopted) 2018(Proposed)5 Year
Aggregate
Total Revenues $430,255.00 $427,929.00 $445,211.00 $793,100.00 $469,800.00 $2,566,295.00
Total Expenses $385,625.00 $359,484.00 $312,373.00 $793,100.00 $469,800.00 $2,320,382.00
Surplus/(Deficit) $44,630.00 $68,445.00 $132,838.00 - - ____$245,913.00
REFUSE FUND
2014 Actual 2015 Actual 2016 Actual 2017 Adopted 2018 Proposed5 Year
Aggregate
TOTAL REVENUES $5,430,451.00 $5,311,461.00 $5,557,006.00 $5,281,400.00 $7,198,700.00 $28,779,018.00
TOTAL EXPENSES $4,274,562.00 $4,520,637.00 $4,837,488.00 $5,281,400.00 $7,198,700.00 $26,112,787.00
SURPLUS/(DEFICIT) $1,155,889.00 $790,824.00 $719,518.00 - - $2,666,231.00
REFUSE FUND Highlights
• 2018 total proposed budget for the Refuse Fund is $7,198,700an increase of $1,917,300 over the 2017 budget of $5,281,400
• 2018 is the final year of a five-year trash contract with WasteManagement to expire on December 31, 2018.
• No Rate Increase proposed for Residential trash in 2018.
• $20 rate reduction in 2014 for residential refuse collectionsdecreased the annual residential trash fee from $337 a year in2013 to $317 in 2014 ($317 fee proposed again in 2018).
• Free Spring Cleanup Weekend/Fall Cleanup Day to dispose ofextra trash.
• Free electronics recycling program for township residents.Only municipality in Bucks County with free electronicsrecycling program!
SEWER FUND
2014 Actual 2015 Actual 2016 Actual 2017 Adopted 2018 Proposed5 Year
Aggregate
Total Revenues $5,258,090.00 $5,217,852.00 $5,381,058.00 $11,749,180.00 $11,079,500.00 $38,685,680.00
Total Expenses $4,436,644.00 $5,777,128.00 $5,020,549.00 $11,749,180.00 $11,079,500.00 $38,063,001.00
Surplus/(Deficit) $ 821,446.00 $(559,276.00) $360,509.00 - - $622,679.00
SEWER FUND Overview
• 65 Miles of Sewer Lines
• 18 pumping stations
• 2.25 million permitted gallons of sewage treated daily at treatment plant.
• 2018 total proposed budget for the Sewer Fund revenues is $11,079,500 a decrease of $669,680 over the 2017 budget of $11,749,180.*
*Reflects $5.7 million in capital upgrades
SEWER FUND Highlights
• No rate increase proposed for sewer fund.
• $5.7 million to invest in a secondary clarifier and endmoratorium on sewer connections to collectionsystem and increase capacity at sewage treatmentplant.
• Expenditures include continuing repairs ($789,378)for capital upgrades to the sewer pumping stations,Inflow and Infiltration program (I&I) work($400,000), and treatment plant generator $830,000
SEWER FUND Highlights
• Contract with M&B Environmentalexpires end of 2017
• Solicited proposals from Aqua,Severn Trent, BCWSA, and M&B toassume plant operations andmanagement
• New Five-Year contract ($1.5 million)with Severn Trent (Inframark) toassume management and operationsof wastewater treatment plant.
• Severn Trent (Inframark) has 35+years experience in wastewaterindustry
2017 LIQUID FUELS FUND FINANCIAL RESULTS (Projected)
Funds from the Commonwealth of PA used for maintenance & reconstruction of Township Roads
January 1, 2017 Beginning Fund Balance $3,079,649
Revenue 1,562,179
Expense 1,661,644
Annual Deficit 99,465
December 31, 2017 Cumulative Fund Balance $2,980,184
TOWNSHIP MILLAGE & REFUSE FEE
Average Assessed Value 17,877 Mils
Average
Resident's
Township Real Estate RE Taxes &
Year Millage Tax Refuse Fee Trash Fee
2008 19.6125 $351.00 $332.00 $683.00
2009 20.9875 $375.00 $337.00 $712.00
2010 23.9875 $429.00 $337.00 $766.00
2011 23.9875 $429.00 $337.00 $766.00
2012 23.9875 $429.00 $337.00 $766.00
2013 23.9875 $429.00 $337.00 $766.00
2014 23.9875 $429.00 $317.00 $746.00
2015 23.98 $429.00 $317.00 $746.00
2016 23.98 $429.00 $317.00 $746.00
2017 23.98 $429.00 $317.00 $746.00
2018 23.98 $429.00 $317.00 $746.00
Bristol Township Taxes 2008-2018
REAL ESTATE TAX MILLAGE HISTORY
(2007 – 2018)TOWNSHIP AMOUNT PERCENTAGE
YEAR MILLAGE INCREASE INCREASE
2007 19.6125 - 0.00%
2008 19.6125 - 0.00%
2009 20.9875 1.3750 7.01%
2010 23.9875 3.0000 14.29%
2011 23.9875 - 0.00%
2012 23.9875 - 0.00%
2013 23.9875 - 0.00%
2014 23.9875 - 0.00%
2015 23.98 (0.0075) -0.03%
2016 23.98 - 0.00%
2017 23.98 - 0.00%
2018 23.98 - 0.00%
TOTALS 4.3675 21.27%
AVERAGE 0.3644 1.77%
VALUE OF ONE MILL (2008-2018)
Year Assessed Valuation Value of One Mill Net Value of One Mill
2018 $418,976,610 $418,976.61 $397,932.78
2017 $416,156,390 $416,156.39 $395,348.75
2016 $416,798,170 $416,798.17 $395,958.26
2015 $417,462,470 $417,462.47 $396,589.35
2014 $416,837,500 $416,837.50 $391,827.25
2013 $418,976,000 $418,976.39 $393,837.81
2012 $416,024,630 $416,024.63 $391,063.15
2011 $417,440,720 $417,440.72 $392,394.28
2010 420,204,750 $420,204.75 $394,992.47
2009 420,688,490 $420,688.49 $395,447.18
2008 420,774,370 $420,774.37 $395,527.91
215.82 , 82%
23.98 , 9%
23.20 , 9%
Bristol Township S.D 215.82 mills
Bristol Township 23.98 mills
Bucks County 23.20 mills
WHERE YOUR TAX DOLLARS GO!!!
215.82
23.98 23.20
-
50.00
100.00
150.00
200.00
250.00
Bristol Township S.D. Bristol Township Bucks County
Mill
age
Ass
ess
ed
Governmental Entity
BRISTOL TOWNSHIP MILLAGE DISTRIBUTION
(2018)
TOTAL AND AVERAGE COST OF
HEALTH INSURANCE (2018)(Employee/Retiree)
CLASSIFICATION NUMBER ANNUAL COST AVERAGE COST
Non-Uniform 44 $882,552 $20,058
Police (Active) 62 $1,736,516 $28,008
Retirees 76 $1,429,300 $18,807
TOTALS 182 $4,048,368 $22,244
AVERAGE HEALTH INSURANCE COST (Per Employee)
Classification 2014 2015 2016 2017 2018
ACTUAL ACTUAL ACTUAL (ADOPTED) (PROPOSED)
NON-UNIFORM $16,635.00 $23,302.00 $19,299.00 $22,965.00 $20,058.00
POLICE ACTIVE $21,593.00 $22,960.00 $24,132.00 $27,167.00 $28,008.00
RETIREES $14,898.00 $14,815.00 $16,917.00 $17,232.00 $18,807.00
HEALTH, RX, VISION AND DENTAL INSURANCE RATES
FOR NON-UNIFORM EMPLOYEES (2018)(TWU)
TOTAL TOTAL
PPO/1000/3000 RX5/20/35 VISION DENTAL PER MONTH ANNUAL
Single $611.51 $281.37 $3.27 $23.58 $919.73 $11,036.76
Parent/Child $1,090.17 $518.30 $9.10 $82.91 $1,700.48 $20,405.76
Parent/Children $1,090.17 $518.30 $9.10 $82.91 $1,700.48 $20,405.76
Couple $1,406.42 $691.10 $9.10 $82.91 $2,189.53 $26,274.36
Family $1,793.93 $753.91 $9.10 $82.91 $2,639.85 $31,678.20
HEALH, RX, VISION AND DENTAL INSURANCE RATES
FOR POLICE EMPLOYEES (UNIFORM) 2018(Police)
TOTAL TOTAL
$10 HMO RX $5/$10 VISION DENTAL PER MONTH ANNUAL
Single $672.54 $263.16 $3.27 $23.58 $962.55 $11,550.60
Parent/Child $1,202.89 $434.23 $9.10 $82.91 $1,729.13 $20,749.56
Parent/Children $1,202.89 $434.23 $9.10 $82.91 $1,729.13 $20,749.56
Couple $1,548.59 $578.98 $9.10 $82.91 $2,219.58 $26,634.96
Family $1,972.26 $631.62 $9.10 $82.91 $2,695.89 $32,350.68
HEALTH, RX, VISION AND DENTAL INSURANCE RATES
FOR NON-UNIFORM EMPLOYEES (2018)(SEIU)
TOTAL TOTALKEYSTONE15 RX $10/$20 VISION DENTAL PER MONTH ANNUAL
Single $1,233.03 $249.46 $3.48 $23.58 $1,509.55 $18,114.60
Parent/Child $2,198.74 $411.59 $9.68 $82.91 $2,702.92 $32,435.04
Parent/Children $2,198.74 $411.59 $9.68 $89.38 $2,702.92 $32,435.04
Couple $2,837.83 $548.79 $9.68 $89.38 $3,485.68 $41,828.16
Family $3,618.52 $598.68 $9.68 $89.38 $4,316.26 $51,795.12
TOTAL COST OF HEALTH INSURANCE (Employees/Retirees)
Classification 2014 Actual 2015 Actual 2016 Actual 2017 (Adopted) 2018 (Proposed)
NON-UNIFORM $781,846.00 $838,800.00 $851,839.00 $941,565.00 $882,552.00
POLICE-ACTIVE 1,230,795.00 1,285,786.00 1,496,154.00 1,629,984.00 1,736,516.00
RETIREES 1,147,104.00 1,170,419.00 1,285,740.00 1,292,322.00 1,429,300.00
TOTAL $3,159,745.00 $3,295,005.00 $3,633,733.00 $3,863,871.00 $4,048,368.00
HEALTH INSURANCE OPT-OUT PROGRAM
Health Ins RX Dental
$ 23,667.12 -0- $ 994.92
23,667.12 -0- 994.92
7,338.12 $ 3,376.44 282.96
21,527.16 9,046.92 994.92
16,877.04 8,293.20 994.92
21,527.16 9,046.92 282.96
21,527.16 9,046.92 994.92
21,527.16 8,293.20 994.92
16,877.04 3,376.44 282.96
$174,535.08 $ 50,480.04 $ 7,530.16 $232,545.48
Opt Out $36,300.21
FICA $ 2,497.97
Total Cost 38,798.18
Savings $193,747.30
BRISTOL TOWNSHIP UNFUNDED LIABILITIES 2016-2018
2016 2017 2018 INCREASE/ (DECREASE)
POST EMPLOYMENT BENEFIT PLAN $73,094,112 $66,464,278 $66,464,278 -0-
POLICE PENSION TRUST FUND $ 6,538,930 $ 6,538,930 $ 6,538,930 -0-
ACCRUED LEAVES $ 3,050,895 $ 3,170,376 $ 3,471,996 $ 23,314
TOTAL UNFUNDED LIABILITIES $82,683,937 $76,173,584 $76,475,204 $ 23,314
*Police Pension Trust figures based on January 1, 2015 actuarial report (with smoothing)1
POST EMPLOYMENT BENEFITS STATUSUnfunded Liabilities- Post Retirement Benefits
60,000,000
65,000,000
70,000,000
75,000,000
80,000,000
85,000,000
2010 2011 2012 2013 2014 2015 2016 2017 2018
Unfunded Actuarial Increase/(Decrease)
Liability Year on Year
2010 $66,917,267.00 -
2011 $77,074,400.00 $ 10,157,133.00
2012 $80,718,771.00 $ 3,644,371.00 2013 $70,420,090.00 $(10,298,681.00)
2014 $72,943,694.00 $ 2,523,604.00 2015 $75,284,033.00 $ 2,340,339.00
2016 $73,094,112.00 $ (2,189,921.00)
2017 $66,464,278.00 $ (6,629,834.00)
2018 $66,464,278.00 -0-
POLICE PENSION EXPENDITURES (2014-2018)
MMO BondDeferred
Compensation Total
2014 $1,739,662.00 $581,322.00 $101,548.00 $2,422,532.00
2015 $2,219,238.00 $270,820.00 $108,912.00 $2,598,970.00
2016 $1,616,617.00 $884,200.00 $109,283.00 $2,610,100.00
2017 $1,511,398.00 $935,000.00 $114,236.00 $2,560,634.00
2018 $1,505,029.00 $935,000.00 $119,634.00 $2,559,663.00