HomeMy WebLinkAbout216-10 RESOLUTIONRESOLUTION NO. 216-10
A RESOLUTION ADOPTING THE 2011 ANNUAL BUDGET AND WORK
PROGRAM
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby adopts the
2011 Annual Budget and Work Program. A copy of the Budget, marked Exhibit "A," is attached
hereto and made a part hereof.
PASSED and APPROVED this 7th day of December, 2010.
APPROVED: ATTEST:
B
By: o��-.v Ze .
City
SO E. SMITH, CiN lerk/TrP�c
SOND E. City Clerk/Treasurer
,11C/TR` 'f
ormmm
°TTR"',
i° �em6 U/.moi
map•
FAY ETT EVI LLE
1:7
cy m ®m O y
Kevin Springer
Submitted By
City of Fayetteville Staff Review Form
City Council Agenda Items
and
Contracts, Leases or Agreements
11/16/2010
City Council Meeting Date
Agenda Items Only
Budget & Research
Division
Action Required:
Finance & Internal Services
Department
Approve a resolution adopting the Proposed 2011 Annual Budget & Work Program.
N/A
Cost of this request
Account Number
Project Number
Budgeted Item
Category / Project Budget
Program Category / Project Name
Funds Used to Date Program / Project Category Name
Remaining Balance Fund Name
Budget Adjustment Attached
4
11,-3-2010 Previous Ordinance or Resolution #
Departm- .hector Date
Original Contract Date:
C. orney
/1-3-/0
Date
(14l,, .c
Finance and Internal Services Director Date
//'.1d
Date
10A
Date
Original Contract Number:
Received C t_ 1 0 P 0 3: 14
Clerk's C fic
Comments:
Revised January 15, 2009
,roadbedkfitc ())Luievtliacyr1, 2010 C,C,14,41.
aye
ev[le
ARKANSAS
DEPARTMENTAL CORRESPONDENCE
TO: Mayor Jordan and City Council
THRU: Don Marr, Chief of Staff
FROM: Paul A. Becker, Finance Director
Kevin Springer, Budget Director 7
DATE: November 3, 2010
SUBJECT: Proposed 2011 Annual Budget & Work Program
Recommendation:
Consider the Proposed 2011 Annual Budget & Work Program for adoption by the November 16,
2010 City Council meeting.
Discussion:
The Proposed 2011 Annual Budget & Work Program will be distributed to City Council on Tuesday,
November 9, 2010. Listed below is a schedule of hearing dates for the Proposed 2011 Annual
Budget & Work Program.
Date
Budget Meeting/Location
Saturday, November 6, 2010
Budget Discussion Meeting, Room 326
Tuesday, November 9, 2010
City Council Agenda Meeting, Room 326
Tuesday, November 16, 2010
City Council Meeting, Room 219
Additional meetings to be scheduled if needed.
If you have any questions concerning the Proposed 2011 Annual Budget & Work Program, please
feel free to contact either Paul A. Becker at 575-8330 or Kevin Springer at 575-8226. Thank you for
your attention to this matter.
RESOLUTION NO.
A RESOLUTION ADOPTING THE 2011 ANNUAL BUDGET AND WORK
PROGRAM
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby adopts the
2011 Annual Budget and Work Program. A copy of the Budget, marked Exhibit "A," is attached
hereto and made a part hereof.
PASSED and APPROVED this 16th day of November, 2010.
APPROVED: ATTEST:
By: By:
LIONELD JORDAN, Mayor SONDRA E. SMITH, City Clerk/Treasurer
to
c0
<0,
•
2011 Adopted Annual
Budget & Work Program
1"Tettcyille
City of Fayetteville, Arkansas
2011 Annual Budget
and
Work Program
City Council and Other Elected Officials
Adella Gray, Ward 1 - Position 1
Brenda Thiel, Ward 1 - Position 2
Kyle Cook, Ward 2 - Position 1
Matthew Petty, Ward 2 - Position 2
Robert Rhoads, Ward 3 - Position 1
Bobby Ferrell, Ward 3 - Position 2
Shirley Lucas, Ward 4 - Position 1
Sarah Lewis, Ward 4 - Position 2
Kit Williams, City Attorney
Sondra Smith, City Clerk/Treasurer
Rudy Moore, District Judge
Submitted by
Lioneld Jordan, Mayor
Don Marr, Chief of Staff
Paul A. Becker, Finance Director
Greg Tabor, Acting Police Chief
David Dayringer, Fire Chief
Prepared by
Kevin Springer, Budget Director
Barbara Fell, Senior Research Analyst
Liz Hutchens, Financial Analyst
tt!1ie
ARKANSAS
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.
City of Fayetteville, Arkansas
Table of Contents
Budget Message:
Transmittal Memo from the Mayor to Council I-II
2011 Budget Executive Summary III -X
Budget Resolution XI
Budget Process and Policies:
Budget Process 1-2
Budget Flowchart 3
Financial Policies:
Revenue Policy 4
Expenditure Policy 4-5
Debt Policy 5
Reserve Policy 5
Investment and Cash Management Policy 5-6
Capital Improvement Policy 6
Financial Reporting Policy 6
Administrative Procedures to Adjust the Approved Budget 7-8
Budget Organizational Structure 9-10
Consolidated Fund - Department - Program Structure 11
Fund Summaries:
Chart of Fund Types - Governmental 13
Chart of Fund Types - Proprietary & Fiduciary 14
Sources and Uses of Funds 15
Multi -Year Comparison - Adopted Budget Expenditures 16
Governmental Funds:
General Fund:
Fund Description 17-25
Fund Summary 26
Activity Expenditure Summary 27-38
Special Revenue Funds:
Street Fund:
Fund Description 39-40
Fund Summary 41
Activity Expenditure Summary 42-43
Parking Fund:
Fund Description 45
Fund Summary 46
Activity Expenditure Summary 47
Community Development Block Grant Fund:
Fund Description 49
Fund Summary 50
Activity Expenditure Summary 51
City of Fayetteville, Arkansas
Table of Contents (continued)
EDI Attainable Housing Grant Fund:
Fund Description 53
Fund Summary 54
Activity Expenditure Summary 55
Special State Grants Fund:
Fund Description 57
Fund Summary 58
Activity Expenditure Summary 59
Energy Block Grant Fund:
Fund Description 61
Fund Summary 62
Activity Expenditure Summary 63
Parks Development Fund:
Fund Description 65
Fund Summary 66
Activity Expenditure Summary 67
Impact Fee Fund:
Fund Description 69
Fund Summary 70
Activity Expenditure Summary 71
Drug Law Enforcement Fund:
Fund Description 73
Fund Summary 74
Activity Expenditure Summary 75
Debt Service Funds:
Fire Bond Fund:
Fund Description 77
Fund Summary 78
Activity Expenditure Summary 79
TIF Bond Fund:
Fund Description 81
Fund Summary 82
Activity Expenditure Summary 83
Wastewater Improvements Sales Tax Bond Fund:
Fund Description 85
Fund Summary 86
Activity Expenditure Summary 87
Capital Projects Funds:
Replacement & Disaster Recovery Fund:
Fund Description 89
Fund Summary 90
Activity Expenditure Summary 91
Sales Tax Capital Improvements Fund:
Fund Description 93
Fund Summary 94
Activity Expenditure Summary 95
Capital Budget 96-97
City of Fayetteville, Arkansas
Table of Contents (continued)
Wastewater System Improvements Project Fund:
Fund Description 99
Fund Summary 100
Activity Expenditure Summary 101
Sales Tax Construction Bond Fund:
Fund Description 103
Fund Summary 104
Activity Expenditure Summary 105
Enterprise Funds:
Water & Sewer Fund:
Fund Description 107-109
Operating Budget 110-111
Activity Expenditure Summary 112-115
Solid Waste Fund:
Fund Description 117-118
Operating Budget 119-120
Activity Expenditure Summary 121-122
Airport Fund:
Fund Description 123-124
Operating Budget 125-126
Activity Expenditure Summary 127
Town Center and Parking Facility Fund:
Fund Description 129
Operating Budget 130
Activity Expenditure Summary 131
Trust Funds:
Police Pension Fund:
Fund Description 133
Operating Budget 134
Activity Expenditure Summary 135
Fire Pension Fund:
Fund Description 137
Operating Budget 138
Activity Expenditure Summary 139
Internal Service Funds:
Shop Fund:
Fund Description 141
Operating Budget 142-143
Activity Expenditure Summary 144
Personnel Summary
Personnel Summary Full Time Equivalent Basis 145
Personnel Variation Summary 146
Personnel History 147
Personnel Summary by Activity & Fund 148
Personnel Summary by Activity & Division 149-162
City of Fayetteville, Arkansas
Table of Contents (continued)
Capital and Debt:
Capital Improvements Program Introduction 163-165
Capital Improvements Program Directional Information 166-168
2011 Capital Projects Summary 169
2011 Capital Projects Comprehensive Detail 170-172
2011 Capital Budget 173-185
Debt Position 186
Description of Outstanding Bonds 187-188
Schedule of Bonds Outstanding 189
Debt Service Payment Schedule 190
Legal Debt Margin Computation 191
Debt to Maturity Schedule 192
Appendix:
Organizational Chart 193
List of Elected Officials, Administrative Officials, & Management Staff 194
Outside Agency Funding 195
Acronyms 196-197
Glossary 198-203
Index 204-206
a'F vi�ville
THE CITY OF FAYETTEVILLE, ARKANSAS
ARKANSAS
www.accessfayetteville.org
December 7, 2010
Members of City Council and
Citizens of Fayetteville
I am pleased to submit my 2011 Annual Budget and Work Program for the City of Fayetteville.
This budget has been prepared in accordance with the Arkansas Statutes and City Ordinances
that require the Mayor, under the aldermanic form of government, to submit to the City Council
the annual budget for approval. This budget allocates necessary funding for all municipal
operations as well as necessary adjustments to the Capital Improvements Program for 2011.
This Administration will continue to address issues that were identified at the Fayetteville
Forward Summit as prioritized by the City Council. The budget was formulated in view of my
primary budget goals and in the context of current economic conditions.
2011 Budgetary Goals
My goals continue to be as follows:
• To provide the same level of services to the public if possible
• To retain the work force at the current level for necessary personnel but to evaluate the
necessity of refilling open positions
• To avoid increases in taxes to the citizen by keeping the millage rate the same as 2009
• To continue to provide services to the citizen in the most efficient and effective manner
possible
• To fund needed Capital Improvements to the extent possible
• To scrutinize all City fund types for possible reductions
Financial Environment
The 2010 fiscal year continues to present financial challenges to the City of Fayetteville. Sales
taxes for operations and capital have declined by approximately 2.15% for the City's levy of one
cent and 2.50% for the City's share of the County Sales Tax when compared to 2009 collections.
This is expected to continue throughout the remainder of the fiscal year. If this trend continues,
budgetary losses of $636,000 will be experienced in the General Fund because of declining sales
taxes. After analyzing all other revenue sources, it is estimated that the General Fund could be
$765,000 or more under original revenue projections.
Telecommunications Device for Me Deaf TDD (479) 521-1316
113 West Mountain - Fayetteville, AR 72701
THE CITY OF FAYETTEVILLE, ARKANSAS
During budget deliberations last year, I made a commitment to the City Council that if the first
quarter results of 2010 showed that revenues continued to fall that I would develop a plan to
reduce expenditures to meet the decline. At the end of the first quarter, due to weakening
economic conditions, it was estimated that the City could experience a revenue shortfall of up to
$900,000 in 2010. To address that possibility, I developed an expenditure reduction plan that
was coupled with certain fee increases to make up the $900,000 loss. Central to that plan was
the freezing of an additional 13 FTE's and reductions of overtime in the Police and Fire
Departments. I am happy to report that this plan has been successful and that we should end this
year slightly under budget. This has been accomplished by the hard work and cooperation of all
City employees along with the continuing support of the City Council. Employees had to absorb
additional duties, supervisors had to resolve difficult scheduling problems, and all departments
had to diligently review and carefully make decisions on purchasing issues. I am proud of what
we have accomplished.
In 2011, we have forecasted all revenue sources to be equal to 2010 projections. The frozen
positions I have directed will be continued. Cuts made during 2010 will remain in force. Even
after all these measures, once again, I am unable to provide funding for raises to employees as
my top priority must be to keep this City financially stable.
Conclusion
This budget is both conservative and workable. I believe that it provides for the best possible
level of services while providing for possible unstable economic conditions. However, if the
economy continues to decline in 2011, I am prepared to do what is necessary to address that
situation.
The City has accomplished a great deal in the last few years and I am confident that with your
support we will continue to provide an excellent level of services to our citizens.
Through the combined efforts of this Administration and the City Council, I am sure we will
continue to meet the challenges facing the City and provide our citizens with the services and
amenities they want and deserve.
)6/Ad4,
Lioneld Jorda , Mayor
Telecommunications Device For the Deaf TDD (479) 521-1316
II
113 West Mountain - Fayetteville, AR 72701
vie vide
THE CITY OF FAYETTEVILLE, ARKANSAS
ARKANSAS
www.accessfayetteville.org
December 7, 2010
Mayor Lioneld Jordan, Members of the City Council and
Citizens of Fayetteville:
The budget being presented is a 2011 operating budget. It does not include rebudgets that
represent programs approved and appropriated in prior years which as of the end of fiscal 2010
remain uncompleted. Rebudgets also include amounts generated by previous bond issues in the
Capital Project Funds which remain unspent as of December 31, 2010 and are likely to be in
excess of $65,000,000. These re -budgets will be presented for addition to the 2011 operating
budget early in the first quarter of 2011.
In 2010, City and County Sales Taxes have continued to decline compared to 2009. By year end,
total sales taxes are expected to be approximately 2% under prior year. The decline in both
residential and commercial building has leveled off but fees associated with permitting and
construction are about 40% of 2008 levels. Water and Sewer revenue collections have increased
by 4% in fiscal 2010 due to rate increases and dry weather conditions during the summer months.
Fuel and rent revenues at the airport continue to fall as the effects of the national recession
continue. Other fund activities are relatively stable when compared to the prior year.
The 2011 General Fund budget represents expenditure reductions from 2010 as an additional
$541,100 was cut when compared to last year's budget. This was after the inclusion of over
$647,000 in required increases due to pension obligations, insurance increases, and the
restoration of vehicle replacement charges. The expenditure reductions are primarily due to the
non -replacement of certain open positions (13 FTE's) and reductions in overtime. These
measures began in 2010 and are being carried over in the 2011 budget. Once again no salary
increases are provided for in the 2011 budget.
Total reductions in the General Fund since the 2009 budget have been over $2.6 million. A total
of 23.63 FTE's have been held open, overtime has been drastically reduced, and annual salary
increases have not been given since July 1, 2009. All these measures were taken to address
revenue decreases experienced in 2009 and 2010 as the City reacted swiftly to these economic
changes.
For 2011, the General Fund budget has been formulated on the assumption that revenues in 2011
will be the same as those expected to be realized in 2010. Therefore, to fully fund the
expenditure budget, a $1 million transfer from the Sales Tax Improvements Fund and the use of
$449,000 from fund balance will be required.
Telecommunications Device for the Deaf TOO j479y 521-1316
111
1 13 West Mountain - Fayetteville, AR 72701
THE CITY OF FAYETTEVILLE, ARKANSAS
2011 ADOPTED BUDGET EXECUTIVE SUMMARY
The 2011 Adopted Budget includes approximately $118.5 million in expenditures. This budget
is formulated with the Enterprise Funds being budgeted on an accrual basis except for
depreciation, which is not included in the budget, and both capital expenditures and bond
principal payments which are included in the expenditure budgets.
The total budget allocated by expenditure category is displayed in the following table.
Summary of Fund Expenditures by Category (In Dollars)
Category:
Personnel Services
Materials & Supplies
Services & Charges
Maintenance
Fuel
Internal Charges
Purchased Water
WWTP Operations
Total Operating Expenses
Transfers Out
Debt Service
Capital
Total Expenses
Adopted
2010
$ 42,903,826
4,481,432
15,899,515
3,482,218
2,964,677
3,353,815
6,500,000
8,489,578
88,075,061
1,034,000
19,546,554
1 1,81 1,650
Budgeted
2011
$ 42,092,155
4,527,208
16,052,793
3,975,581
2,946,398
3,944,052
6,500,000
7,712,706
Change In
Dollars
2011
% of Total
Budget
$ (811,671) 35.5%
45,776 3.8%
153,278 13.5%
493,363 3.4%
(18,279) 2.5%
590,237 3.3%
0 5.5%
(776,872) 6.5%
87,750,893 (324,168) 74.0%
1,233,000
18,732,207
10,798,100
199,000 1.0%
(814,347) 15.8%
(1,013,550) 9.1%
$ 120,467,265 $ 118,514,200 $ (1,953,065)
100.0%
The 2011 Adopted Budget is in excess of $118.5 million. This is a decrease when compared to
2010 of $1,953,065 or 1.62%. The majority of that decrease is due to changes in debt service and
fund transfers. The total operating expenses were also down $324,163 or 0.4%.
Telecommunications Device for the Deaf TOD j479y 521-1316
IV
1 13 West Mountain - Fayetteville, AR 72701
THE CITY OF FAYETTEVILLE, ARKANSAS
The following table indicates the percentage of total budget allocated by funds.
Fund Totals as Percent of Total Budget
Adopted 2010 Adopted 2011
Budget % Total Budget % Total
Funding Sources
General $ 34,426,600 28.6% $ 33,885,500 28.6%
Street 4,271,000 3.5% 4,390,000 3.7%
Parking 304,300 0.3% 1,065,100 0.9%
Community Development Block Grant 649,821 0.5% 695,800 0.6%
Parks Development 2,417,700 2.0% 2,424,600 2.0%
Drug Law Enforcement 462,200 0.4% 494,000 0.4%
Water & Sewer 31,269,400 26.0% 30,901,000 26.1%
Solid Waste 10,098,900 8.4% 9,208,300 7.8%
Airport 805,500 0.7% 770,800 0.6%
Shop 5,481,200 4.5% 7,239,900 6.1%
Impact Fee 2,820,000 2.3% 1,260,000 1.1%
Fire Bond 802,400 0.7% 424,800 0.4%
TIF Bond 5,800 0.0% 63,700 0.1%
Sales Tax Bond 16,001,900 13.3% 15,373,700 13.0%
Replacement & Disaster Recovery 45,000 0.0% 45,100 0.0%
Sales Tax Capital Improvements 6,738,700 5.6% 6,390,000 5.4%
Sales Tax Construction Bond 6,000 0.0% 6,000 0.0%
Town Center 693,544 0.6% 702,700 0.6%
Police Pension 1,689,800 1.4% 1,692,800 1.4%
Fire Pension 1,477,500 1.2% 1,480,400 1.2%
120,467,265 100.0% 118,514,200 100.0%
An examination of the overall budget indicated that the General Fund is the largest fund being
28.6% of the total. The Water and Sewer Fund is second at 26.1% of the total. The combination
of these funds is 54.7% of the total budget. The Sales Tax Bond Fund (budget to repay
outstanding bonds) is 13.0% of the budget. Thus the three largest funds represent 67.7% of the
total operating budget.
An important part of this budget document is the City's Financial Policies delineated in pages 4
through 8. These policies include the following:
Revenue Policy
Expenditure Policy
Debt Policy
Reserve Policy
Investment & Cash Management Policy
Capital Improvement Policy
Financial Reporting Policy
Administrative Procedures to Adjust the Approved Budget
Telecommunications Device for the Deaf TOD j4791521-1316 113 West Mountain - Fayetteville, AR 72701
V
THE CITY OF FAYETTEVILLE, ARKANSAS
Overview of City's Major Funds:
General Fund is the major operating fund of the City and is comprised of activities not
accounted for specifically in other funds.
The traditional functions of government are included in the General Fund which includes the
following: general government services, fire, police, finance, internal services, parking, animal
services, telecommunications, parks and recreation, cable, library funding, engineering, planning,
and building safety.
General Fund Revenue:
The General Fund revenue budget was based on the following assumptions:
• Revenue for the City Sales Tax is projected to decrease at a rate of 2.15% over 2009
actual receipts.
• Revenue for the County Sales Tax is projected to decrease at a rate of 2.5% over 2009
actual receipts.
• Revenue for Franchise Fees is projected to be flat.
• Revenue for Property Taxes is projected to decrease at a rate of 4.3% from 2010
collections based on assessed valuation.
• Other revenues are expected to be essentially flat compared on the 2010 budget.
• Maintaining the revenue split for City Sales Tax to 60% operations and 40% capital.
Based on these revenue assumptions, the major revenue sources for the General Fund in 2011 are
projected to be as follows:
City's Share of County Sales Tax $10.3 million
City Sales Tax 9.2 million
Alcoholic Beverage Taxes 0.5 million
Franchise Fees 4.6 million
Intergovernmental Income 2.1 million
Fines & Forfeitures 1.7 million
Charges for Services 1.4 million
Property Tax Millage 1.5 million
Licenses & Permits 0.6 million
Transfer from Sales Tax Capital Fund 1.0 million
Other 0.5 million
Total $33.4 million
General Fund Expenditures:
Payroll expenditures are based on 99% of full employment. Therefore, a 1% vacancy
allowance has been factored into the General Fund budget.
Telecommunications Device for the Deaf TOO j4791521-1316 113 West Mountain - Fayetteville, AR 72701
VI
THE CITY OF FAYETTEVILLE, ARKANSAS
The significant increases/(decreases) in General Fund for 2011 are as follows:
Additions:
LOFPI Police Pension
LOFPI Fire Pension
Health Insurance (Rate Increase)
Unemployment Insurance
Pension Administration Fees
Vehicle Replacement Charges
Reductions:
58,494
54,346
45,147
30,000
17,185
442,620
647,792
Salary Contingency (86,500)
Long Term Disability and Life Insurance (16,522)
2010 Budgeted Positions Held in 2011 (523,855)
Fire Department Overtime (51,000)
Police Department Overtime (174,000)
Washington, D.C. Lobbyist (85,000)
Parking Enforcement Program (201,948)
Other (50,067)
Net Additions/(Reductions)
Changes between the 2009 and 2011 budget are as follows:
(1,188,892)
$ (541,100)
2009 General Fund Adopted Expense Budget: $ 35,801,900
Additions:
Salaries/Wages & Pension (including LOFPI) 427,106
Health Insurance (Rate Increase) 135,884
Unemployment Insurance 80,000
Software Maintenance 37,336
Election Cost 15,000
Bad Debt Expense 10,000
705,326
Reductions:
2010 Budgeted Positions Held in 2011 & Frozen Positions (1,058,971)
Salary Contingency (Wage Increases for 2010) (375,398)
Fire/Police Overtime (225,000)
Parking Enforcement Program (Shifted to Parking Fund) (201,948)
Contract Services & Lease Expense (GCM Building) (112,176)
Fuel (96,589)
Washington, D.C. Lobbyist (85,000)
Increase Cost Allocations (70,000)
Vehicle Replacement Charges & General Motorpool Charges (67,614)
Public Notification & Uniforms/Equipment (51,910)
Planning Commissioners Salaries (43,596)
Publications/Dues & Travel & Training & Radio Maintenance (26,315)
Pension Administration Fee & Long Term Disability and Life Insurance (34,082)
Other (173,127)
(2,621,726)
2011 Adopted Budget General Fund $ 33,885,500
Telecommunications Device for the Deaf TOD j479y 521-1316
VII
1 13 West Mountain - Fayetteville, AR 72701
THE CITY OF FAYETTEVILLE, ARKANSAS
As the City's main operating fund, the General Fund will continue to face increased funding
demands. There are numerous unfunded needs for 2011 that could not be addressed at this time.
Major policy issues to be considered for General Fund in the future include:
• The need to fund employee wage increases sometime in the future.
• Continue to explore an independent funding method for the Fayetteville Public Library.
• Examination of the User Fee/Cost Reimbursement rates based on a cost analysis.
• Examine the City's overall long term revenue stream to match required long term
expenditures.
The Street Fund is primarily financed by turnback revenues received from the State of Arkansas
and turnback monies received from the County Road Millage Tax. These monies are utilized to
maintain and repair City streets, rights-of-way, drainage, traffic control and maintenance, and
City owned sidewalks.
Revenues for Street Fund are primarily motor fuel taxes collected by the State (state turnback)
and returned to the City on a per capita basis. The long term trend for state turnback is flat. A
total of $3.2 million is projected for 2011. The City also receives 80% of the road millage levied
by the Quorum Court on real and personal property located within the City. This should generate
in excess of $1 million. The Street Fund budget is balanced for 2011 with revenues equaling
expenditures.
The Parks Development Fund accounts for the revenue and expenditures of the Parks HMR tax
approved by the voters in 1995 as modified by the 2011 referendum. The $2.4 million in planned
expenditures for 2011 includes $754,000 in capital improvements. The fund is budgeted to break
even for 2011. All projected revenues amounts are budgeted for this fund.
The Impact Fee Fund accounts for the revenues and expenditures related to the collection of
water, wastewater, police, and fire impact fees. All projected revenues are budgeted for this
fund. Due to the dramatic fall in development, the collection of these fees will be much less in
2011 when compared to 2009 when new building was at a higher level.
The Sales Tax Capital Improvements Fund accounts for the revenue and expenditures of the
City's sales and use taxes which are used for acquisition and improvement projects as well as
equipment additions and replacements that are included in the City's five-year capital improvements
program as adjusted. The 2011 planned expenditures include $5,383,300 in capital improvements.
The Water & Sewer Fund accounts for the revenue sources as well as the operation and
maintenance expenses of the City's water and sewer system. This includes water purchases from
Beaver Water District, all water and sewer functions, the operation of the wastewater treatment
plants, meter and backflow operations, and billing and collections.
Telecommunications Device for the Deaf TOO j4791521-1316 113 West Mountain - Fayetteville, AR 72701
VIII