Loading...
HomeMy WebLinkAbout145-94 RESOLUTIONRESOLUTION NO. 145-94 A RESOLUTION APPROVING THE 1995 ANNUAL OPERATING BUDGET AND WORK PROGRAM FOR THE CITY OF FAYETTEVILLE, ARKANSAS. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Council hereby approves the 1995 Budget and Work Program by category for all fund types. A copy of the 1995 budget is hereby attached marked Exhihit "A" and made a part hereof. Section 2. That the Council hereby approves adding funding as proposed in Exhihit attached hereto and made a part hereof. PASSED AND APPROVED this 20th day of December , 1994. ATTEST: By: 4/rade'./ !!�J Traci Paul, City Clerk APPROVED: By: 44 • • City of Fayetteville Arkansas Supplement to Proposed 1995 Annual Budget & Work Program Exhibit B The original budget submission for 1995 reflected a surplus in Undesignated Fund Balance of $67,792. During the City Council Budget Retreat of November 29, 1994 the Mayor proposed adding funding to three programs. Below is a recap of General Fund Fund Position after inclusion of the Mayor's proposals. Approval of the Proposed 1995 Budget & Work Program, as amended, will provide the City with a balanced budget for General Fund. Program Description Amount General Fund Beginning Undesignated Fund Balance $ 5,618,205 Additional Uses Library Additional transfer for operations 42,768 Planning Management Upgrade a senior clerk -typist from parttime to fulltime 8,920 Athletics & Recreational Transfers Create a fulltime Program Coordinator position 16,104 Total Additional Uses 67,792 General Fund Undesignated Fund Balance - as amended $ 5,550,413 Approval of the Proposed 1995 Budget & Work Program, as amended, will provide the City with a balanced budget for General Fund. EXHIBIT A MICR OFILMe 1995 0 City of Fayetteville, Arkansas matismaik Annual Budget and Work Program 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 M City of Fayetteville, Arkansas 1995 Annual Budget and Work Program Stephen Miller Cyrus Young Steve Parker Len Schaper City Council Submitted by Kit Williams Woody Bassett Robert Prichard Heather Daniel Fred Hanna, Mayor Ben Mayes, Administrative Services Director Richard Watson, Police Chief Mickey Jackson, Fire Chief Kevin Crosson, Public Works Director Prepared by Stephen Davis, Budget Coordinator Scott Huddleston, Financial Analyst APO GOVERNMENT FINANCE OFFICERS ASSOCIATION Distinguished Budget Presentation Award PRESENTED TO City of Fayetteville, Arkansas For the Fiscal Year Beginning January 1, 1994 President " Executive Director The Government Finance Officers Association of the United States and Canada (GFOA) presented an award for the Distinguished Budget Presentation to the City of Fayetteville, Arkansas for its annual budget for the fiscal year beginning January 1, 1994. In order to receive this award, a governmental .unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan and as a communications medium. The award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award. 1: 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 FAYETTEVILLE MISSION STATEMENT The City of Fayetteville's mission statement is a direct result of a volunteer team of employees charged with creating a mission statement that expressed the service core of City operations, reflected our beliefs concerning City services, and was easy to remember. All City employees were given an opportunity to provide input for the mission statement. The mission statement was then adopted by the City Council and is as follows: To protect and improve our quality of life by listening to and serving the people with pride and fairness. 1 City of Fayetteville, Arkansas Table of Contents Budget Message Transmittal Memo from the Mayor to Council 1 Budget Resolution 13 Community Overview 14 Budget Process and Policies Budget Process 17 Budget Flowchart 19 Financial Policies: Revenue Policy 20 Expenditure Policy - 20 Debt Policy . 21 Reserve Policy 21 Investment and Cash Management Policy 21 Capital Improvement Policy 22 Financial Reporting Policy 22 Administrative Procedures to Adjust the Approved Budget 23 Fund Summaries Chart of Fund Types - Governmental 25 Combined Statement of Fund Position - Governmental (Shown by Department) 26 Chart of Fund Types - Proprietary & Fiduciary 27 Combined Statement of Fund Equity - Proprietary & Fiduciary (Shown by Department) 28 Source and Uses of Funds 29 Governmental Funds General Fund: Sources and Uses of Funds 31 Comparative Budget Summary 32 Expenditure Summary 33 Special Revenue Funds Street Fund: Sources & Uses of Funds 35 Revenue & Expenditure Stu/unary 36 City Advertising & Promotion Fund: Revenue & Expenditure Summary 37 Off Street Parking Fund: Revenue & Expenditure Summary 38 Community Development. Block Grant Program: Revenue & Expenditure Summary 39 Drug Enforcement Program: Revenue & Expenditure Summary 40 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Debt Service Funds Arts Center Bond Fund. Revenue & Expenditure Summary 41 City Sales Tax Bond Fund Revenue & Expenditure Summary 42 Capital Projects Funds Arts Center Project Fund: Revenue & Expenditure Summary 43 Replacement Fund: Revenue & Expenditure Summary 44 Sales Tax Capital Improvements Fund: Revenue & Expenditure Summary 45 Capital Project Detail - 1995 46 Enterprise Funds Industrial Park Fund: Revenue & Expenditure Summary 48 Water & Sewer Fund: Sources & Uses of Funds 49 Revenue & Expenditure Summary 50 Solid Waste Fund: Sources & Uses of Funds 51 Revenue & Expenditure Summary 52 Airport Fund: Sources & Uses of Funds 53 Revenue & Expenditure Summary 54 C.E.C. and Parking Facility Fund: Revenue & Expenditure Summary 55 Trust Funds Walton Arts Center Endowment: Revenue & Expenditure Summary 56 Police Pension Fund: Revenue & Expenditure Summary 57 Fire Pension Fund: Revenue & Expenditure Summary 58 Municipal Judge Retirement Fund: Revenue & Expenditure Summary 59 Internal Service Funds Shop Fund: Revenue & Expenditure Summary 60 Major Revenue Trends 61 Budget Organizational Structure 64 Consolidated Fund - Department - Program Summary 65 1 General Government: , Organizational Structure 66 , Overview 67 Program Expenditure Summary 68 Personnel Summary 70 ' Mayor 71 City Council 72 City Treasurer 73 ' City Attomey - Legal 74 City Prosecutor 75 Hot Check 76 Municipal Judge 77 ' Cable Administration 78 Internal Auditing 79 City Clerk 80 1 Miscellaneous 81 Airport - Landside Operations 82 Airport - Airside Operations 83 ' Airport - Capital 84 Administrative Services: Organizational Structure 86 Overview 87 , Program Expenditure Summary 88 Personnel Summary 92 Administrative Services Director 94 , Personnel - Human Resources 95 Accounting and Audit 96 Budget and Research 97 ' Utility Billing and Collection 98 General Maintenance 99 Janitorial 100 , Procurement 101 Risk Management 102 Data Processing 103 , Municipal Court - Criminal 104 Municipal Court - Probation/Fine Collection 105 Municipal Court - Small Claims/Civil 106 Animal Control - Patrol/Emergency Response 107 ' Animal Control - Animal Shelter 108 Community Development - Administration 109 Community Development - Housing Rehabilitation 110 ' Community Development - Home Grant 111 Community Development - Community Development 112 Meter Operations 113 ' Meter Maintenance & Backflow Prevention 114 Water and Sewer Services - Capital 115 Shop - Vehicle Maintenance 116 ' Shop - Capital 117 Police Department: Organizational Structure 118 Overview 119 Program Expenditure Summary 120 Personnel Summary 121 Central Dispatch 122 Police - Support Services 123 Police - Patrol 124 Police - Drug Enforcement 125 Fire Department: Organizational Structure 126 Overview 127 Program Expenditure Summary 128 Personnel Summary 129 Fire - Fire Prevention 130 Fire - Operations 131 Fire - Training 132 Fire - Hazardous Materials 133 Public Works: Organizational Structure 134 Overyiew 135 Program Expenditure Summary 136 Personnel Summary 143 Public Works Director 145,185 City Engineering - Plans and Specifications 146,186 City Engineering - Operations & Administration 147,187 City Engineering - Right of Way Acquisition 148,188 City Engineering - Public Construction Admin. 149,189 Planning Management 150,190 Inspections 151,192 Parks - Administration 152 Parks - Swimming Pool 153 Parks - Athletic/Recreational Transfers 154 Parks - Public Library 155 Parks - Lake Maintenance 156 Parks - Park/Ballfield Maintenance 157 Traffic - Administration & Enforcement 158 Traffic - Engineering & Planning 159 Traffic - Traffic Control & Parking Meter Maint. 160 Street - City Gardener 161 Street - Operations & Administration 162 Street - Maintenance of Right of Way 163 Street - Street Maintenance 164 Street - Drainage Maintenance 165 Street - Street Construction 166 Street - Construction of Drainage Structures 167 Water - Water Purchased 168 Water - Water & Sewer Administration 169 Water - Water Distribution Maintenance 170 Water - Water Storage/Pump 171 Sewer - Sewer Main Maintenance 172 Wastewater Treatment Plant - 173 Water - Capital Water Mains 174 Water & Sewer - Capital Expenditures 175 Water & Sewer - Connections 176 Sewer Mains Construction 177 Wastewater Treatment Plant - Capital 178 Water and Sewer - Debt Service 179 Solid Waste - Operation & Administration 180 Solid Waste - Commercial Collection 181 Solid Waste - Residential Collection 182 Solid Waste - Recycling 183 Solid Waste - Composting 184 Urban Forestry & Landscape 191 Capital and Debt Capital Improvements Program Introduction . 194 Capital Improvement Program Overview 195 Summary of Project Requests & Project Resources 200 Capital Improvement Projects by Fund - All Sources 201 Sales Tax Capital Improvements 202 Capital Improvements Program Comprehensive Detail 203 Sales Tax Capital Improvement Fund 1995 Capital Budget 207 Miscellaneous 1995 Capital. Budgets 208 Debt Position 209 Schedule of Bonds Outstanding 211 Legal Debt Margin Calculation 212 Appendix City of Fayetteville Organizational Chart 214 List of Elected Officials, Administrative Officials, & Management Staff 215 Personnel Summary 216 Personnel Variation Summary 217 Major Revenue Sources 219 Miscellaneous Statistical Data 223 Glossary 225 Index 230 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 CITY OF FAYETTEVILLE, ARKANSAS THE BUDGET DOCUMENT The City of Fayetteville's budget document is a six part presentation consisting of the following sections: Budget Message Budget Process and Policies Fund Summaries Department Summaries General Government Administrative Services Police Fire Public Works Capital and Debt Appendix Budget Message This section begins with a brief review setting forth the budgetary plan and objectives, as proposed by the Mayor, for 1995. The budget message section provides the reader with the synopsis of the work program for the City in the next year and also provides a guide to the budget document. Budget Process and Policies The budget process and policies section provides the reader with the procedural insight into the preparation of Proposed 1995 Budget and Work Program and proposed financial policies for the City. These policies include: Budget Adjustment Policy, Revenue Policy, Expenditures Policy, Debt Policy, Reserve Policy, Investment and Cash Management Policy, Capital Improvement Policy, and Financial Reporting Policy. Fund Summaries The Fund Summary section contains information concerning fund types and fund position by fund type that depicts the financial activity projected for the City during the coming year. Department Summaries This section consists of the five major departments: General Government, Administrative Services, Police, Fire, and Public Works. The Department Summary section contains the following: (1) Department Overview - This section provides a bnef summary of the respective department budgets. (2) Program Expenditure Summaries - This section reflects expenditures by category for each program m a Department for four periods: Actual 1993, Budgeted 1994, Estimated 1994, and, Budget 1995. (3) Personnel Summaries - This section provides a comparison of staffing levels during the past four years, by department. (4) Program Performance Pages - This section details the program description, workload and results for each of the City's operating divisions/ programs. Capital and Debt • This section contains: a synopsis of the Capital Improvements Program and planned capital expenditures for 1995; a synopsis of the City's projected debt position as of December 31, 1994; and General information concerning general obligation and revenue bond debt. Appendix The Appendix contains a City organization chart, a list of elected City officials, City administrative officials, City management staff, a personnel variation summary for all City departments, revenue trend charts of the major operating revenues for the City, glossary, and, an index. The glossary provides definitions of frequently used budgeting and accounting terms. The index cross-references the budget document by division or activity/program. 1 FAYETTEVILLE 1 1 THE CITY OF FAYETTEVILLE, ARKANSAS December 20, 1994 Members of the City Council and Citizens of Fayetteville: 1 I hereby present the 1995 Adopted Budget for the City of Fayetteville, Arkansas. It has been prepared and submitted in accordance with Arkansas statutes, which require that the Mayor, 1 under the aldermanic form of government, submit to the City Council, the annual budget for approval. City Council approved the 1995 Annual Budget & Work Program by resolution 145- 94 on December 20, 1994. 1 1994 - A Year In Review 1 1994 marked a continuation of the initiatives begun in 1992 to provide more efficient services to our citizens and to bring city government closer to its customers. The City began the year with an ambitious plan to improve our streets, water & sewer system, and parks system. 1 • Street improvements accomplished or in progress include: the construction, reconstruction 1 and resurfacing of Mill Street; the overlay of Dickson Street, Rock Street, Huntsville Street, Morningside Drive and South College Avenue. Street improvements are being completed by a combination of City crews and contracted personnel. • Intersection improvements at Stubblefield Road and Old Missouri Road have been started. The intersection improvements at Joyce Boulevard and College Avenue and 1 Joyce Boulevard and Hwy 265 are scheduled to be bid. • Drainage improvement projects are underway along Cato Springs Road (through a joint 1 project with the Corps of Engineers) and in the Cedarwood Subdivision. • The completion of the City's 36" water line has been bid and all related contracts 1 awarded. This will complete the 36" water line and includes an additional twelve million gallons of water storage. The bids for the project were approximately $1 million under projections. These projects are scheduled to be complete by the end of 1995. Financing 1 of the 36" water line and tank project is a combination of revenue bond proceeds and operating reserves in the Water & Sewer Fund The bond issue is for $5.5 million and is scheduled to be amortized over fourteen (14) years. The issuance of the 1994 Water 1 & Sewer revenue bonds was accomplished without a rate increase. The bonds received an "A" rating from Standard & Poor's. 1 • The Solid Waste Transfer Station and Recycling Materials Processing Facility is currently being designed and is scheduled for a bid to construct in early 1995. The current schedule calls for the facility to be operational in mid to late 1995. 1 1 113 WEST MOUNTAIN 72701 501-521-7700 1 FAX 501-575-8257 • Significant progress has been made in the City's sewer system rehabilitation efforts. Work is complete m the Wilson Park Basin and is underway in basins 12-14, 17, 20-22 and mimsystem- 18. The number of sewer overflows has been reduced from approximately 530 m 1989 to an anticipated 95 in 1994. The sewer system rehabilitation program is being accomplished with both city crews and contracted personnel. ■ Park improvements accomplished the past year include: construction of accessible restroom facilities at Walker Park, Finger Park and Gulley Park; building additional soccer fields near Lewis Street; construction of a pavilion and volleyball improvements at Lake Fayetteville North; improving parking at Lake Fayetteville South and the addition of a pavilion, playground equipment and volleyball court at Gulley Park. The park projects utilized City sales tax, Community Development Block Grant Funds, greenspace fees and state grants to fund the improvements. • The City acquired land for a future fire station and purchased a replacement fire truck. • The City adopted the 2010 General Land Use Plan. Work is in progress on the transportation elements that need to be incorporated into the overall plan. The Unified Development Ordmance (UDO) is expected to be submitted for citizen and City Council review in 1995. The UDO will serve as a guideline for managing the City's growth in the foreseeable future. • During 1994 a design overlay district was approved by City Council to apply to development along Fulbright Expressway (US 71). The legality of the design overlay ordinance is currently bemg challenged in Chancery Court. • An agreement was reached between the Northwest Arkansas Regional Airport Authority and the City concerning the future of Drake Field. The City remains a part of the authority while maintaming Drake Field as an operating commercial airport. This agreement protects the City's investment m Drake Field and expresses support for a regional airport. Also, the agreement stipulates that Fayetteville residents will not be asked to pay additional taxes to support the regional airport. • During 1994 the City assumed operational control of the Animal Shelter. Previously, the Animal Shelter operated as a joint venture of the City and the Humane Society of the Ozarks. • The Advertising & Promotion Commission approved funding for a youth softball complex to be constructed in conjunction with the construction of a new elementary school on Salem Road. The budget for this project is $280,000. The softball association is expected to provide volunteers to operate the concession stand and provide some maintenance of the facilities. 1995 - The Year Ahead The 1995 Budget and Work Program for the City of Fayetteville contmues to build on philosophies of enhanced customer service, cost-effective government and responsive government. With the assistance of the City Council and the continued input from the citizens 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 of Fayetteville there are a number of projects, programs, and initiatives that can be accomplished. Together we must face the challenges to be met in 1995 to improve the quality of life in Fayetteville. The following is a discussion of some of the issues, challenges and highlights contained in the 1995 Budget and Work Program. Issues and Challenges • For many years the City of Fayetteville has had the shadow of the incinerator disengagement and subsequent lawsuit hanging over it. This issue is now before the Arkansas Supreme Court following an appeal by the plaintiffs from the Chancery Court level which ruled favorably for the City. At stake is whether the City is responsible for retiring bonds issued by the Northwest Arkansas Resource Recovery Authority to finance the construction of a mass burn incinerator, which was never built. The Supreme Court is expected to rule on this matter in 1995. Regardless of the findings of the Supreme Court, the City will be challenged to put this problem behind us once and for all. • As will be discussed later in this letter, the City's Solid Waste Fund is the only City fund that does not comply with the City's policy, for all enterprise fund types, of maintaining a 10% cash and investment reserve of current year operating expenses. In 1995, the administration will implement a number of changes that would eliminate, postpone or minimize the need for increased fees to the residents of Fayetteville and at the same time enhance our solid waste collection and disposal The changes include: a change in residential collection from twice a week to once per week, concurrently beginning a curbside recycling program; beginning a commercial cardboard recycling program and adjusting commercial collection methods by utilizing loadall carts and containers. These changes will, hopefully, allow the City to postpone any rate adjustments for operations • The General Land Use Plan was adopted by the City Council in 1994. However, this is just the beginning of a continuing process of updating land use, zoning, and development ordinances. During 1995, the Unified Development Ordinance will be brought before the City Council for consideration in connection with implementing the philosophy of the General Land Use Plan. • As our community continues to grow, additional pressure is placed on our frontline service delivery. As more houses, subdivisions, businesses and industries are constructed, additional manpower is required to provide adequate public safety, adequate utility service and adequate recreation opportunities. • Funding issues of the Fayetteville Public Library will need to be addressed during the coming year. During 1994 a county library millage increase was defeated by voters. Currently, library operations are funded by a transfer from General Fund and by a pro- rated share of the Washington County library millage (after expenses are deducted for the Ozarks Regional Library and Washington County Library). City funding of library operations and book purchases for 1995 has increased to $383,522 from $324,372 budgeted for 1994. The proportional share of the library millage is determined by the assessed value of real and personal property located within the boundaries of the Fayetteville Public School District compared to the total assessed value of real and personal property in Washington County. Millage revenue collected within the 3 Fayetteville Public School District boundaries for 1995 will be approxunately $335,000. The prorated property millage budgeted to be received by the Fayetteville Public Library for 1995 is $216,259. Accordmg to Fayetteville Public Library statistics approximately 30% of the City library patrons are county residents. • Unfunded federal and state mandates continue to place a burden on local governments nationwide and Fayetteville is no exception. In addition to allocating resources to meet the requirements of the Clean Water Act and American with Disabilities Act (ADA) the City must find the funds to comply with the new regulations for commercial drivers' license holders. Also, the Airport Fund is programming funds to train Fire personnel in handling Airport emergencies. Personnel Changes The adopted 1995 budget contains funding for twenty-two (22) new full-time positions, four part- time positions, and upgrade of a part -tune position to a full-time position. The budget also provides for the reduction of.a full-time position to part-time and the elimination of a part-time position. The new positions have been added in an effort to mamtain our quality of service delivery while continuing to maintain a balanced budget. The positions are added for a variety of reasons including growth in the City, attempts to do more work in-house as opposed to contracting out for services, input from the City Council and citizens, federal mandates, and improved organizational efficiency. The following is a brief overview of the personnel additions. • Recently, the City has been attemptmg to systematically add three Police Officers and three Firefighters each year. The adopted 1995 budget contains these positions. The Police Department adopted budget also has funding for three additional non -civil service employees, two civilian jailers and a lead dispatcher. This represents a total of nine new police and fire positions • Because of the continued growth the City is experiencing, the adopted 1995 budget adds: an additional building codes inspector; a water & sewer field service representative; a meter maintenance worker; four solid waste truck drivers; two mechanics for Fleet Operations. The budget also upgrades a planning senior clerk - typist from a part-time position to a full-time position. • The 1995 budget contains funding for upgrading a part-time position to a fulltime landscape maintenance specialist. The position is being proposed to provide more complete maintenance of City parks' turf and trees. Additionally, this position will provide a resource for non -herbicide control of vegetation. Two part-time positions are proposed for the Parks & Recreation Division. These positions will be summer groundskeepers to assist in maintaining our City parks. • The 1995 Budget contains funding for a full-time city gardener and two part time positions in the City Gardener Program. The City Gardener Program is an expansion of the Public Lands Maintenance Program and is being created to enhance and preserve the beauty of the city's rights-of-way and city -owned gardens.. Additionally, the City Gardener will be available to assist in the enforcement of related City ordinances. 1 1 1 1 1 1 1 1 1 1 -1 1 1 1 1 1 1 1 • The 1995 Budget contains funding to add a Program Coordinator position in the Parks & Recreation Division. The Program Coordinator will be responsible for organizing youth, adult and senior citizen programs under the supervision of the parks & recreation director. This position will develop and organize recreation programs for the City parks system in a manner similar to the program coordinator funded by the City and the Fayetteville Youth Center. • The 1995 Budget contains funding for a PEG Center Lead Production Technician who will be responsible for the video production necessary for the Government Access Channel. This work was previously contracted out. Additionally, the Cable Administrator position is going from full time to part time status. • The adopted 1995 budget contains an increase in funding for library operations of $67,768 above the normal target increase. Library staff has indicated these funds will be utilized for additional employees. Program Initiatives • A significant new program initiative for 1995 is a Home Buyer Program that will be a joint effort between the City and a local bank. The Home Buyer Program seeks to provide assistance to citizens in obtaining affordable housing in the City of Fayetteville. The program will consist of three components: (1) down payment and closing cost assistance, (2) acquisition and rehabilitation of existing substandard housing, and, (3) rehabilitation only of existing substandard housing. The participants must meet certain income and housing value requirements. The City will support the program by utilizing Community Development Block Grant and HOME Grant funds. Community Development is programming thirty-five thousand dollars ($35,000) for down payment and closing cost assistance. • The City continues to refine solid waste collection and material diversion from the landfill. A proposal was submitted and approved by the City Council in late 1994 that changes our solid waste collection from twice per week to once per week. The proposal also contains plans for a curbside recycling program, commercial cardboard recycling route, and commercial rate changes. • The budget contains funding to enable the City to comply with new regulations governing commercial drivers' licenses (CDL). Under the new regulations, the City must have in place a random drug -testing program for all employees who have a CDL license. The random drug testing requirement applies to approximately one hundred (100) employees. Capital Improvements The budget contains approximately $14 million in capital improvements for 1995. The capital projects contained in the 1995 budget reflect a pay-as-you-go philosophy and were included in the 1995-1999 Capital Improvement Program (CIP) adopted by the City Council in September, 1994. 5 The major benefit of a pay-as-you-go approach is savings in interest expense. However, difficult decisions must be made as to when projects will be scheduled. Some projects will simply have to wait until future years. However, my administration is committed to do as many of the capital improvements as possible in the shortest possible time. • The City's In -House Street Improvement Project will continue. The aim of this program is to overlay 5 %-6% of the streets in Fayetteville each year. This program will result in an overlay of every street in Fayetteville every 16-20 years. The 1995 proposed budget for this project is $652,000 financed from the City sales tax. • Major street improvement projects, in addition to our in - house program, included in the 1995 budget are: extending Joyce Boulevard to Gregg Street - $646,600, extending Township Street East from Hwy 265 to the school property - $280,000; reconstruction of failed street sections on Arlington Terrace from Kings Dnve to Kings Drive and Trust Street - $190,000; purchasing the right of way for widening Hwy 265 from Hwy 16 to Hwy 45 - $636,000; widening Stubblefield from Old Missouri to Harold Street - $250,000. In addition, the City is participatmg with the Arkansas Highway Department in improving Wedington Road and Razorback Road. Finally, traffic signal improvements are planned for Joyce Boulevard and Hwy 265 and Old Wire Road and Hwy 265. • Major water and sewer projects mcluded in the 1995 budget are: continuation of the City's sewer system rehabilitation project - $2,701,000; relocation of water and sewer lines for street or highway widening projects - $1,138,000; Wellington Road 24" water line expansion - $425,000; sewer force main replacement - $800,000; 24" water line replacement along 6th Street/Sang Avenue - $265,000. • The 1995 budget contains $323,300 in funding for parks and recreation improvements throughout the City. These include funding for the continued development of soccer fields at Lewis Field, completing the walking trail at Wilson Park, replacing the restroom/ concession stand at Asbell Park, boat stall replacements at Lake Fayetteville and Lake Sequoyah, a nature trail at Lake Fayetteville and the contmued development of a Sports Park. • Implementation of the planned capital improvements for 1995 should reduce mamtenance costs in some areas which will allow available resources to be used for preventative maintenance activities that, hopefully, will extend the useful life of the City's mfrastructure. Planned improvements at the airport, to the water and sewer system, and upgrading the City's fleet have caused operational costs to increase in the respective funds primarily due to an increase in depreciation expense. 1995 Summary Financial Activity The 1995 Budget and Work Program includes approximately $ 66.5 million in expenditures. All City funds are budgeted to comply with the City's policy of mamtaining 10% of budgeted operating expenditures in unrestricted fund balance or cash and investments except the Solid Waste Fund which is projected to end 1995 with approximately 8% of budgeted expenditures 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 in cash and investments. The City faces many challenges in strengthening the Solid Waste Fund's financial position, which remains vulnerable to the pass-through of landfill fee increases. The costs incurred by the City for disposal charges are largely beyond our control. The table on the followmg page is a summary of the expenditures for the City's operating and capital funds. Sununary of Fund Expenditures FUND NAME EXPENDITURE BUDGET General Fund $14,711,502 Street Fund 2,081,747 Advertising & Promotion Fund 1,589,500 Community Development Fund 947,316 Drug Law Enforcement Fund 299,783 Sales Tax Capital Improvement Fund 8,329,400 Water & Sewer Fund (Operations) 17,822,132 Water & Sewer Fund (Capital) 4,452,104 Solid Waste Fund (Operations) 3,489,916 Solid Waste Fund (Capital) 543,700 Airport Fund (Operations) 1,594,128 Airport Fund (Capital) 2,022,000 Shop Fund (Operations) 2,486,534 Shop Fund (Capital) 2,179,419 Other Funds 3,916,306 TOTAL OF ALL FUNDS $66,465,487 General Fund accounts for all activities of the City not accounted for in other funds. These activities are funded primarily by the City's share of the county sales tax - $6.0 million; a portion of the new City sales tax - $1.3 million; franchise fees - $2.3 million, charges for services - .8 million; and grants from other governmental units - $1 million. The functions financed by the General Fund include general government operations, fire services, police services, parks and recreation, traffic operations, inspection services, and the planning function. The property tax millage collected for General Fund in 1993 was rescinded by the City Council for 1994. This revenue loss is being replaced by a portion of the new City sales tax in the 7