The Elk Grove City Council unanimously adopted a …the 2014-15 fiscal year. FACT SHEET BUDGET FY...
2
The Elk Grove City Council unanimously adopted a healthy, balanced budget for the 2014-15 fiscal year. FACT SHEET FY 2014 -15 B U D G E T THE CITY OF ELK GROVE’S BUDGET: 1) Maintains public ser vices The City of Elk Grove’s budget maintains current service levels to residents of Elk Grove, with a continued focus on job creation and public safety. 2) Builds on a history of strong financial stewardship The current budget avoids the use of fund balance to fund operations or one-time special projects and initiatives, resulting in a reserve balance of $18.5 million, a healthy savings for a rainy day. 3) Implements a cautiously optimistic approach While sales tax and property tax revenue levels have returned to pre-recession highs, the City’s spending plan implements a cautiously optimistic approach to economic recovery. The City’s budget allows for significant investments in the Economic Development Incentive Fund to support future business attraction and retention, and strategic planning for the 1,200-acre Southeast Planning Area, an employment- oriented development. 4) Invests in infrastructure Residents can expect to see a $252 million investment in the City’s infrastructure over the next five years, including a citywide LED streetlight retrofit, Grant Line Road widening, an aquatic complex, land acquisition for a destination sports complex, and the construction of new parks in the Laguna Ridge Specific Plan Area. All anticipated to begin FY 14-15. PRIMARY GOALS TO GUIDE OPERATIONS IN THE COMING YEAR • Create a vibrant, diverse economy • Grow and support safe, livable, attractive neighborhoods • Promote Elk Grove as a recreational and cultural center that attracts visitors • Serve as wise, responsible stewards of fiscal resources • Develop an efficient and effective City organization with a regional perspective FUND BALANCE RESERVE POLICY The City Council has a policy that requires 15% to 20% of the annual General Fund operating expenditures to be kept on hand in a reser ve, or rainy day, fund. The industr y standard is eight percent. The current reser ve is set at 31.5%. Where does the money come from? 21.2% GENERAL FUND REVENUE: $59,019,450 17.8% ■ Sales Tax Sales tax is the single largest source of revenue ■ Proper ty Tax ■ Intergovernmental to the General Fund. For ever y dollar you 13.6% ■ Other Taxes spend on taxable sales in Elk Grove, 1¢ of ■ Operating your purchase suppor ts critical ser vices like 4.2% ■ Other Funds public safety. 35.5% 7.6% Where does the money go? GENERAL FUND EXPENDITURES: $59,019,450 0.2% 69.1% 1% 5.1% 1.7% 1.4% 2.1% 9% 0.6% ■ Governance 3% 9.1% 13.4% 9.1% ■ Compensation ■ Administration ■ Operating ■ Non Depar tmental 9.1% ■ Revenue Neutrality ■ Revenue Neutrality ■ Internal Services 1.5% ■ Special Events and Grants ■ Capital Outlay ■ Police ■ Debt Service ■ Planning Special Projects ■ Transfers Out ■ Transit ■ Code Enforcement 64.6%
Transcript of The Elk Grove City Council unanimously adopted a …the 2014-15 fiscal year. FACT SHEET BUDGET FY...
The Elk Grove City Council unanimously adopted a healthy balanced budget for the 2014-15 fiscal year
FACT SHEET FY 2014 -15 BUDGET
THE CITY OF ELK GROVErsquoS BUDGET
1) Maintains public ser vicesThe City of Elk Groversquos budget maintains current service levels to residents ofElk Grove with a continued focus on job creation and public safety
2) Builds on a history of strong financial stewardshipThe current budget avoids the use of fund balance to fund operations or one-timespecial projects and initiatives resulting in a reserve balance of $185 million a healthysavings for a rainy day
3) Implements a cautiously optimistic approachWhile sales tax and property tax revenue levels have returned to pre-recession highsthe Cityrsquos spending plan implements a cautiously optimistic approach to economicrecovery The Cityrsquos budget allows for significant investments in the EconomicDevelopment Incentive Fund to support future business attraction and retentionand strategic planning for the 1200-acre Southeast Planning Area an employment-oriented development
4) Invests in infrastructureResidents can expect to see a $252 million investment in the Cityrsquos infrastructureover the next five years including a citywide LED streetlight retrofit Grant Line Roadwidening an aquatic complex land acquisition for a destination sports complex andthe construction of new parks in the Laguna Ridge Specific Plan Area All anticipatedto begin FY 14-15
PRIMARY GOALS TO GUIDE OPERATIONS IN THE COMING YEAR
bull Create a vibrant diverse economy bull Grow and support safe livable attractive neighborhoods bull Promote Elk Grove as a recreational and cultural center
that attracts visitors bull Serve as wise responsible stewards of fiscal resources bull Develop an efficient and effective
City organization with a regional perspective
FUND BALANCE RESERVE POLICY The City Council has a policy that requires 15 to 20 of the annual General Fund operating expenditures to be kept on hand in a reser veor rainy day fund The industr y standard is eight percent The current reser ve is set at 315
Where does the money come from
212GENERAL FUND REVENUE $59019450 178 Sales Tax
Sales tax is the single largest source of revenue Proper ty Tax Intergovernmental to the General Fund For ever y dollar you
136 Other Taxes spend on taxable sales in Elk Grove 1cent of Operating your purchase suppor ts critical ser vices like
42 Other Fundspublic safety
355 76 Where does the money go
GENERAL FUND EXPENDITURES $59019450 02
691
1 51 17
14 21 9 06 Governance 3 91
134
91 Compensation Administration Operating Non Depar tmental 91 Revenue Neutrality Revenue Neutrality Internal Services15 Special Events and Grants Capital Outlay Police Debt Service Planning Special Projects Transfers Out
Transit Code Enforcement 646
How are other services in the City provided
The City has many funding sources to provide ser vices to its residents including proper ty taxesYour proper ty tax dollars are allocated to many different agencies that also provide ser vices within city limits
CosumnesSacramento City of Community Librar y County Elk Grove Ser vices District Authority 192cent 15cent 20cent 2cent
Revenue Neutrality ndash Elk Grove Unified Los Rios Other City of Elk Grove to School District Community College Agencies Sacramento County 442cent 6cent 28cent
43cent The dollar bill chart includes the Educational Revenue Augmentation Fund (ERAF) distribution
Capital Improvement Plan Highlights
SERVICES PROVIDED BY THE CITY OF ELK GROVE
Animal control Storm water and flood controlAnnual neighborhood
clean-up Street light maintenance Building permits Street sweepingand inspections and maintenance Business licenses Traffic engineering Code enforcement Transit services Planning ser vices Trash and recycling
collectionPublic safety
SERVICES NOT PROVIDED BY THE CITY OF ELK GROVE
Fire Schools Libraries Sewer Parks and recreation Water
The Cityrsquos five-year Capital Improvement Plan is a short-range plan which outlines the Cityrsquos transportation and infrastructure projects andprovides a schedule and financing options Highlights include
CIVIC CENTER The city is planning an aquatic complex as part of the future Civic Center located at Civic Center Drive and Big Horn Blvd The Olympic-quality pool and ten-meter diving platform will host tournaments and draw competitors from the entire region and beyond Thesecompetitive facilities will complement a commercial outdoor recreation park The Capital Improvement Plan also includes a Senior Centerand Veterans Hall at the Civic Center site
SPORTS COMPLEX The FY 2014-15 budget includes appropriations for purchasing land for a destination tournament sports complex and stadium Onceconstructed the resulting fields will host tournaments and draw both youth and adult sports teams from the entire Sacramento regionand beyond
WHITELOCK INTERCHANGE A project study is underway for a new interchange at Whitelock Parkway and State Route 99 which will reduce traffic congestion onElk Grove Boulevard and improve pedestrianbicycle mobility The new Whitelock Interchange would provide vehicular access to andfrom the west side of SR99 only as well as incorporate a pedestrian and bicycle crossing over SR99 into Elk Grove Regional Park
GRANT LINE ROAD WIDENING Grant Line Road from E Stockton Blvd Waterman Road will be widened from two lanes to four The project includes a four-laneovercrossing at the Union Pacific Railroad tracks
NEW PARKS The City is planning four new parks in Laguna Ridge area including Island Park Horseshoe Park Madeira East Park and Oasis ParkIsland Park will open in fall 2014 and Horseshoe Park will open by fall 2015
CITYWIDE LED STREETLIGHT RETROFIT The City will conduct a citywide streetlight retrofit with 12000 new energy-efficient LEDs The project is scheduled for constructionthis year and completion by spring 2015 and will deliver a long-term cost savings of more than $400000 annually
SHELDON ROAD TRAFFIC RELIEF A new roundabout at the Sheldon Road and Waterman Road Intersection and traffic signal or roundabout at the Sheldon Road andBradshaw Road intersection will improve safety and traffic flow while maintaining the Cityrsquos rural road standards
BICYCLE AND PEDESTRIAN IMPROVEMENTS The City is developing an exemplary multi-use trail system that provides connectivity throughout the City and wider Sacramento regionin order to offer recreational opportunities and an alternative safe method for transportation for Elk Grove residents
The public is encouraged to share feedback about the City of Elk Groversquos budget Contact us through our one-stop City resource Ask Elk Grove via phone at 916-691-CITY (2489) email at askelkgroveelkgrovecityorg online at askelkgrovecityorg or through our mobile phone app
The budget is available in its entirety at wwwelkgrovecityorgfinance
How are other services in the City provided
The City has many funding sources to provide ser vices to its residents including proper ty taxesYour proper ty tax dollars are allocated to many different agencies that also provide ser vices within city limits
CosumnesSacramento City of Community Librar y County Elk Grove Ser vices District Authority 192cent 15cent 20cent 2cent
Revenue Neutrality ndash Elk Grove Unified Los Rios Other City of Elk Grove to School District Community College Agencies Sacramento County 442cent 6cent 28cent
43cent The dollar bill chart includes the Educational Revenue Augmentation Fund (ERAF) distribution
Capital Improvement Plan Highlights
SERVICES PROVIDED BY THE CITY OF ELK GROVE
Animal control Storm water and flood controlAnnual neighborhood
clean-up Street light maintenance Building permits Street sweepingand inspections and maintenance Business licenses Traffic engineering Code enforcement Transit services Planning ser vices Trash and recycling
collectionPublic safety
SERVICES NOT PROVIDED BY THE CITY OF ELK GROVE
Fire Schools Libraries Sewer Parks and recreation Water
The Cityrsquos five-year Capital Improvement Plan is a short-range plan which outlines the Cityrsquos transportation and infrastructure projects andprovides a schedule and financing options Highlights include
CIVIC CENTER The city is planning an aquatic complex as part of the future Civic Center located at Civic Center Drive and Big Horn Blvd The Olympic-quality pool and ten-meter diving platform will host tournaments and draw competitors from the entire region and beyond Thesecompetitive facilities will complement a commercial outdoor recreation park The Capital Improvement Plan also includes a Senior Centerand Veterans Hall at the Civic Center site
SPORTS COMPLEX The FY 2014-15 budget includes appropriations for purchasing land for a destination tournament sports complex and stadium Onceconstructed the resulting fields will host tournaments and draw both youth and adult sports teams from the entire Sacramento regionand beyond
WHITELOCK INTERCHANGE A project study is underway for a new interchange at Whitelock Parkway and State Route 99 which will reduce traffic congestion onElk Grove Boulevard and improve pedestrianbicycle mobility The new Whitelock Interchange would provide vehicular access to andfrom the west side of SR99 only as well as incorporate a pedestrian and bicycle crossing over SR99 into Elk Grove Regional Park
GRANT LINE ROAD WIDENING Grant Line Road from E Stockton Blvd Waterman Road will be widened from two lanes to four The project includes a four-laneovercrossing at the Union Pacific Railroad tracks
NEW PARKS The City is planning four new parks in Laguna Ridge area including Island Park Horseshoe Park Madeira East Park and Oasis ParkIsland Park will open in fall 2014 and Horseshoe Park will open by fall 2015
CITYWIDE LED STREETLIGHT RETROFIT The City will conduct a citywide streetlight retrofit with 12000 new energy-efficient LEDs The project is scheduled for constructionthis year and completion by spring 2015 and will deliver a long-term cost savings of more than $400000 annually
SHELDON ROAD TRAFFIC RELIEF A new roundabout at the Sheldon Road and Waterman Road Intersection and traffic signal or roundabout at the Sheldon Road andBradshaw Road intersection will improve safety and traffic flow while maintaining the Cityrsquos rural road standards
BICYCLE AND PEDESTRIAN IMPROVEMENTS The City is developing an exemplary multi-use trail system that provides connectivity throughout the City and wider Sacramento regionin order to offer recreational opportunities and an alternative safe method for transportation for Elk Grove residents
The public is encouraged to share feedback about the City of Elk Groversquos budget Contact us through our one-stop City resource Ask Elk Grove via phone at 916-691-CITY (2489) email at askelkgroveelkgrovecityorg online at askelkgrovecityorg or through our mobile phone app
The budget is available in its entirety at wwwelkgrovecityorgfinance
