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City Council
<br /> Special Meeting Minutes
<br /> October 11, 2011
<br /> • Page 2 of 5
<br /> PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
<br /> No comments.
<br /> REGULAR BUSINESS
<br /> DISCUSSION/DIRECTION - 2012 PROPOSED BUDGET
<br /> City Manager Fleming explained the City Council previewed the proposed 2012
<br /> Budget at the October 4, 2011 City Council meeting and a number of comments
<br /> and suggestions for revisions were provided. He outlined the revisions
<br /> incorporated into the 2012 proposed budget, as directed by Council.
<br /> Long-Term Revenue Forecast Assumptions
<br /> • Does not include fiscal impacts of ConocoPhillips development
<br /> • Sales Tax Revenue: +1.0% in 2011, 0% in 2012, +1.0% in 2013, average
<br /> +2.0% for 2014 through 2016.
<br /> • Property Tax Revenue: +0.2% in 2011, -2.0% in 2012, average +1.3% for
<br /> 2013 through 2016.
<br /> • • Building Related Revenue (construction permits, tap fees, impact fees,
<br /> etc.): For 2011, varies from +25% for construction permits to +200% for
<br /> tap fees, +19% in 2012, +31% in 2013, -47% in 2014, -21% in 2015, 0% in
<br /> 2016.
<br /> • Utility Fees: +6.0% annual increase in water user fees for years 2012
<br /> through 2016. +3.0% annual increase in wastewater user fees for years
<br /> 2012 through 2016. No increase in Storm Water fees through 2016. All are
<br /> subject to possible utility rate study.
<br /> • Total General Fund Revenues (excluding transfers): +0.9% from 2012
<br /> through 2016.
<br /> Major Capital Projects
<br /> • Street Repair& Reconstruction Program ($7,250,000, 2012- 2016)
<br /> • City Shops Remodel ($4,000,000, 2012 Design, 2013 Construction)
<br /> • Vehicle/Road Equipment Replacement ($2,010,470, 2012-2016)
<br /> • Windy Gap Expense & Debt Service ($1,755,610, 2012-2016)
<br /> • NCWCD Pipeline Expansion ($1,500,000, 2014)
<br /> • South Street Underpass ($1,500,000, 2012 Design, 2013 Construction)
<br /> • 3MG Tank Rehabilitation ($1,325,000, 2012-2013)
<br /> • Sewer Line Replacements ($1,275,000, 2012-2016)
<br /> • McCaslin/Washington Underpass ($1,200,000, 2012 Design,2013
<br /> • Construction)
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