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2015 Proposed Budget Input

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by City of Olathe Budget Office on 8 July 2014

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Transcript of 2015 Proposed Budget Input

City of Olathe
Fundamentals of Budgeting
General Fund Revenues
Types of Funds
Water & Sewer Fund Highlights
2015 General Fund Budget Additions
General Fund Expenditures:
How Tax Dollars are Spent
2015 General Fund Expenditures by Type
Capital Improvement Plan
2015 CIP Expenditures by Community Focus Area
Your City, Your Budget
Olathe Budget Office
Department of Resource Management
City Hall, 2nd Floor
Register for updates:
Use the Budget Inquiry Box
Contact your Council Member
Follow us:
www.OlatheKS.org/contact/Budget
OlatheBudget@olatheks.org
@OlatheGovNews
CityofOlatheKS
Operational & Capital Budgeting

Sales Tax
- 1.5%.
City General Tax - 1.0%
City Park Sales Tax - 0.125% (exp. March 2015)
Street Maintenance Tax - 0.375%

Property Tax
- 24.818 Mills are levied.

Franchise Fees
- Paid to the city by utility companies
Major Sources
Five types of expenditures in the General Fund:
Personal Services
Contractual Services
Commodities
Capital Outlay
Transfer

Five-year listing of all major public improvement projects

Prioritized and include project financing plans consistent with the City's priorities and goals
General Obligation Bonds
Special Assessments
Revenue Bonds
CIP Fund (cash from General Fund)
Park Sales Tax Fund
Storm Water Fund
Water & Sewer Fund
Street Improvement Fund
How Much is Each Department's Portion of the General Fund?
CIP Highlights
KCPL
Westar
AT&T
 
You buy a laptop for $1,000 ...
Total Sales Tax is 8.875%, so you pay $88.75
State gets 6.15% = $61.50
County gets 1.225% = $12.25
City gets 1.5% = $15.00
Of that...


Types of Funds

Operational & Capital Budgeting


Balanced Budgeting
Revenues
Money received as income
Expenditures
Money spent on personnel costs and acquisition of goods and services
Revenues must equal expenditures in Kansas municipal budgets
Operational
Capital
Funding for the day-to-day operations of the City

Funding for the construction of large projects
- Personnel
- Contractual Services
- Commodities
- Supported by current revenue
- Multi-year planning instrument
- Roads
- Bridges
- Buildings
- Water & sewer facilities
- Parks
- Supported by issuance of long-term debt,
grants and special benefit districts
Annual Budget Process
Your City, Your Budget
2015 General Fund Revenues
Property Tax Breakdown
Sales Tax Breakdown
Based on $200,000 Market Value
Resource Allocation
2015 Budget
Financial Stewardship
Maintaining Assets
Reserves
Mill Levy
Bond Rating
Infrastructure
People
2013 Sales Tax By Category
Other Fund Highlights
Service Delivery
2015 Proposed Franchise Fees
CIP Funding Sources
"CIP"
January - April
April - July
July - August
Budget
Preparation
Budget Development
& Submission
Budget
Adoption
Proposed Rates


4.7% water rate increase
7.9% sewer rate increase
Budget Additions


1 Plant Maintenance Worker
Solid Waste Fund
No proposed rate increase
Stormwater Fund
No proposed rate increase
Street Maintenance Sales Tax Fund
Voter approved 3/8 cent sales tax began April 1, 2014
www.olatheks.org/publicworks/streets/salestax/accountability
Recreation Fund
Addition of 1 Senior Maintenance Worker

Community Center in operation for full year
2015 Highlights
Email us:
Tax
Supported
Fee
Supported
Special Tax
Supported
Internal
Service Funds
- General Fund
- Debt Service
Fund
- Water & Sewer
- Storm Water
- Solid Waste
- Recreation Fund
- Motor Fuel Fund
- Special Alcohol
- Park Sales Tax
- Economic
Development
- Street Maintenance
- Central Garage
- Risk Management
- Vehicle Replacement
- Personal Computer
Transportation
Projects
Utility
Services
Public
Safety
Active Lifestyles
- 119th & Black Bob
- College Boulevard,
Lone Elm to Woodland
- 151st & Mur-Len
- Streetlight LED
Conversions
- Water Treatment
Plant 2
- Neighborhood
Sanitary Sewers

- Fire Training
Center
- Lone Elm Park
- Major Park
Redevelopment


2 Street Maintenance Workers
Project Manager
Hooklift Truck

Snow Removal
Brine Machine
Street Maintenance
Budget Calendar
July 15th - Budget Workshop No.2

August 5th - Public Hearing

August 19th - Budget Adoption
Full Service City
* indicates 2015 proposed rate
* indicates 2015 proposed rate
See the full transcript