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HomeMy WebLinkAbout01-IntroductionCity of Georgetown, Texas Annual Budget 2010-2011 Austin Dallas/Fort Worth San Antonio Lubbock El Paso Amarillo Houston Georgetown Location Georgetown is the northern most “gateway” to the gently rolling hills of Central Texas. While Georgetown offers the amenities and charm of a small community rooted in values of days gone by, it’s strategically and centrally located in the middle of the four major metropolitan areas of Texas. Austin is 26 miles south, Dallas is two hours north, Houston is two hours southeast and San Antonio is just one-and-a- half hours south, placing Georgetown in a very advantageous position for cultural and economic develop- ment. Traveling to and from Georgetown is easy, as it is at the crossroads of IH-35 going north/south and State Highway 29 going east/ west. Access to Georgetown via the Austin-Bergstrom International Airport was made much easier with the opening of State Highway 130, the toll road from Georgetown to San Antonio that parallels IH-35. Table of Contents Councilmembers Budget Award Mission Statement 74 Table of Contents 76 User's Guide to the Budget 78 OVERVIEW 82 TransmittalLetter.................................................................................................................... i CITY SUMMARY MunicipalCourt.................................................................................................................... Georgetown's Long -Term Planning Process......................................................................1 Georgetown 2030 Plan — Policy Principals.......................................................................... 2 Georgetown's Five Year Strategic Plan (for implementing 2030 Policy Principals) ......................... 6 Budget Adoption and Management Process....................................................................12 92 Annual Budget Calendar of Events....................................................................................14 OrganizationalChart............................................................................................................15 CommunityProfile...............................................................................................................16 Georgetown— Then and Now.............................................................................................18 CitizenSurvey Highlights....................................................................................................19 FINANCIAL SUMMARY CityOperations by Fund..................................................................................................... 21 City Operations by Fund / by Division............................................................................... 22 BudgetedRevenues............................................................................................................ 23 Budgeted Expenses by Division........................................................................................ 24 Budgeted Expenses by Program........................................................................................ 25 Revenues.............................................................................................................................. 26 FundSummaries..................................................................................................................36 COMMUNITY DEVELOPMENT DIVISION DivisionFinancial Summary............................................................................................... 51 Administration...................................................................................................................... 52 BuildingInspections............................................................................................................54 CodeEnforcement...............................................................................................................56 Planning................................................................................................................................ 58 COMMUNITY SERVICES DIVISION Division Financial Summary...............................................................................................61 Administration...................................................................................................................... 62 Convention and Visitors Bureau........................................................................................ 64 Library................................................................................................................................... 66 Parks..................................................................................................................................... 68 Recreation............................................................................................................................ 70 FINANCE & ADMINISTRATION DIVISION Division Financial Summary...............................................................................................73 Administration...................................................................................................................... 74 Accounting........................................................................................................................... 76 Facilities Construction and Maintenance.......................................................................... 78 InformationTechnology...................................................................................................... 82 Geographic Information Systems (GIS)............................................................................. 86 MunicipalCourt.................................................................................................................... 88 Purchasing............................................................................................................................ 90 UtilityOffice.......................................................................................................................... 92 Vehicle Service Center.........................................................................................................94 FIRE DIVISION Division Financial Summary...............................................................................................99 Administration....................................................................................................................100 Operations..........................................................................................................................102 GEORGETOWN UTILITY SYSTEMS DIVISION Division Financial Summary.............................................................................................105 Administration....................................................................................................................106 EnergyServices..................................................................................................................108 Environmental Services.....................................................................................................116 SystemsEngineering.........................................................................................................118 WaterServices....................................................................................................................120 MANAGEMENT SERVICES DIVISION Division Financial Summary.............................................................................................129 CityCouncil.........................................................................................................................130 CityManager's Office.........................................................................................................132 Airport..................................................................................................................................134 Communications................................................................................................................136 Economic Development.....................................................................................................138 General Government Contracts........................................................................................140 Human Resources..............................................................................................................142 Legal....................................................................................................................................146 MainStreet..........................................................................................................................148 POLICE DIVISION Division Financial Summary.............................................................................................151 Administration....................................................................................................................152 Operations..........................................................................................................................154 AnimalServices..................................................................................................................156 TRANSPORTATION DIVISION Division Financial Summary.............................................................................................159 Administration....................................................................................................................160 StormwaterDrainage.........................................................................................................162 StreetDepartment..............................................................................................................164 CAPITAL PROJECTS DEBT Capital Projects & Five Year Plans...................................................................................167 Debt Management & Policy...............................................................................................205 Outstanding Debt Summary..............................................................................................206 General Debt Service.........................................................................................................207 Utility Debt Service.............................................................................................................210 Utility Revenue Bond Coverage........................................................................................211 ProposedDebt Issues........................................................................................................212 STATISTICAL Miscellaneous Statistical Data.......................................................................................... 213 KeyIndicator Graphs......................................................................................................... 214 BenchmarkingGraphs...................................................................................................... 216 CertifiedProperty Value.................................................................................................... 218 Certified Taxable Assessed Values.................................................................................. 219 Tax Rates Property Tax Rate Comparison........................................................................... 220 Combined Tax Rate — City of Georgetown......................................................... 221 Total Combined Tax Rate Comparison............................................................... 221 Sales Tax Revenue Analysis............................................................................................. 222 Tax Revenues 255 HistoricalData.......................................................................................................223 257 Combined Sales and Property Taxes.................................................................. 223 Utility Customer Growth.................................................................................................... 224 UtilityRevenues................................................................................................................. 225 Population.......................................................................................................................... 226 Georgetown's Top Ten...................................................................................................... 226 REFERENCE Fiscal and Budgetary Policy............................................................................................. 227 Contingency Reserve Requirements Worksheet............................................................ 251 Financial Ratio Comparisons........................................................................................... 252 Personnel Summary by Division 2009-2012.................................................................... 254 Personnel Summary — FTE's............................................................................................ 255 Personnel Summary — Frozen Positions......................................................................... 257 Service Level Improvements Funded in Current Year (by Division) ................................ 258 Internal Service Premiums................................................................................................260 TransfersBetween Funds.................................................................................................262 Five Year Projections (General Fund, Water Services Fund, Electric Fund) ............... 263 UtilityRate Schedule......................................................................................................... 266 Ordinances......................................................................................................................... 270 GEDCO Budget (for reference only)................................................................................. 279 GTEC Budget (for reference only).................................................................................... 281 GTEC Outstanding Debt Summary (for reference only) ................................................ 282 GTEC Principal & Interest Requirements (forreference only)......................................283 Advisory Boards & Commissions.................................................................................... 284 ACRONYMS / GLOSSARY / INDEX Commonly Used Acronyms.............................................................................................. 287 Glossary.............................................................................................................................. 290 Index.................................................................................................................................... 296 4s )WN i Llu tLJ User's Guide to the Budget The primary purpose of this document is to plan both the operating and capital improvement plans in accordance with the policies of the City of Georgetown. By adopting this budget, the City Council establishes the level of services to be provided, the amount of taxes and utility rates to be charged and various programs and activities to be undertaken. The Overview section includes the City Manager's budget message with an overview of the previous year, as well as, program and financial information about the Annual Budget. This section also includes variance analysis and a summary analysis of the City's major funds. The City Summary section includes information about Georgetown's long-range planning process, the City Council's priority areas and how they are interlinked to the City's comprehensive plan, along with the budget adoption process and organizational chart. An overview of the 2010 Citizen's Quality of Life survey and an in-depth community profile is also within this section. The Financial Summary provides revenue and expense information in both summary and detail format. This document is presented not by Fund, but by Function. Charts illustrating the operational relationship by Fund are included. Fund summaries that compare financial information over a multi-year period are provided. The City's budgeted governmental funds include the General Fund which accounts for all financial resources except those required to be accounted for in another fund, and include basic governmental services, such as Police, Fire and Parks functions among others, 12 Special Revenue Funds (SRF) account for specific revenues that are legally restricted for specified purposes, the Debt Service Fund to account for the payment of general long-term debt principal and interest, and various Capital Project Funds used to account for the acquisition or construction of major capital facilities other than those financed by enterprise activities. In addition, the City budgets for proprietary funds including Internal Service Funds used to account for goods or services provided by one internal department to another, and Enterprise Funds used to account for the City's "business like" activities including all the utility funds and the airport. The next 8 sections are dedicated to each functional area or Division of City operations. Each section includes a summary "Uses and Expenses" for each Division, indicating in which fund the operation is included, as well as, a summary of personnel within that Division. The Division Summary is followed by individual department narrative pages which outline the goals and strategies for the upcoming year, and include performance measurement information and the departmental budget. The Capital Projects section provides information about the upcoming capital improvement program (CIP), including five year capital improvement plans for all utility and general capital improvements, as well as, anticipated funding requirements and operating budget impacts. The Debt section provides summary schedules for each of the City's bond types, such as tax supported and self-supporting certificates of obligation, and utility revenue bonds. The City's debt management policy and an overall outstanding debt summary is also included. The Statistical section includes various miscellaneous data, as well as, graphs illustrating the historical property tax revenue and related information. This section also includes the City's key indicators data and peer benchmarking information. The Reference section includes the City's Fiscal and Budgetary Policy, which guide not only the development of the City's annual budget, but also much of the City's financial operations. This policy is updated annually as part of the budget process. Financial ratio comparisons are included, along with personnel summaries, program summaries, and contingency reserve calculations. This section also includes utility rate schedules and copies of the ordinances adopting both the budget and tax rate. The City also includes budgets for both of its blended component units within this section. A Glossary and Index section is included to provide definitions of budget terminology along with a listing of acronyms used throughout the budget, as well as, an alphabetical listing of topics and related page numbers. Other Important Information Basis of Accounting and Basis of Bud_geting The City accounts and budgets for all Governmental Funds using the modified accrual basis of accountin.q, meaning that revenue is recognized in the accounting period in which it becomes available and measurable, while expenditures are recognized in the accounting period in which they are incurred. Because the appropriated budget is used as the basis for control and comparison of budgeted and actual amounts, the basis for preparing the budget is the same as the basis of accounting. Exceptions to the modified accrual basis of accounting include: Encumbrances, which are treated as expenditures in the year they are encumbered, not when expended. • Grants, which are considered revenue when awarded, not received. • Principal and interest on long-term debt, which are recognized when paid. Proprietary Funds are accounted for and budgeted using the full -accrual basis of accounting. Under this method, revenues are recognized when they are earned and measurable, while expenses are recognized when they are incurred regardless of timing or related cash flows. The basis for preparing the budget is the same as the basis of accounting, except for principal payments on long-term debt and capital outlay, which are treated as budgeted expenses. Exceptions include: • Depreciation, which is not budgeted • Non -budgeted accruals, such as compensated absences CAFR Adjustments on Fund Schedules CAFR Adjustments on the Fund Schedules are made to the previous actual information (2008/09) provided. These adjustments balance the budgeted fund balances to the City's Comprehensive Annual Financial Report (CAFR). Budget Process The City's budget process begins each year with the Capital Improvements Program (CIP) planning process. CIP budgets are prepared on five and ten year planning horizons, based upon population and development projections. Revenue estimates for utility operations, as well as development impact fees, are prepared to forecast the ability of the rate base to fund needed capital maintenance, upgrades and expansions. Five year and ten year pro -forma models for each utility are prepared, as well as a ten year general fund and property tax model, which is prepared to determine the impact of general infrastructure and facilities improvements on future property tax rates. Each City department prepares a two-year operating budget. While only one year is formally adopted, the projection of the second year (2011/12) projected budget) is presented to identify the impact of current year programs and commitments on future budgets, and provides a "basis" for beginning the following year's budget process. Additional Sales and Use Taxes In May 2001, voters authorized the adoption of an additional sales and use tax within the City at the rate of one-half of one percent, with the proceeds to be used for transportation system improvements to support economic development. This tax became effective October 1, 2001. The additional revenue is not part of the City's general operating budget, but is budgeted and spent by a non-profit economic development corporation, Georgetown Transportation Enhancement Corporation (GTEC). GTEC was established expressly for the above purpose by the City Council. GTEC's activities are included in the City's audited financial statements as a blended component unit. A copy of GTEC's approved 2010/11 budget is included within the reference section of this document. In November 2002, voters authorized the adoption of an additional sales and use tax within the City at the rate of one quarter of one percent, with the proceeds thereof to be used for maintenance of streets in existence at the time of the adoption of the tax. This revenue is included in the City's operating budget in a Special Revenue Fund. This tax has a four year sunset provision, and was reauthorized by the voters in November 2006. Currently, this tax will sunset in April 2011, unless renewed by the voters in November 2010. In May 2005, voters authorized the adoption of an additional sales and use tax within the City at the rate of one eighth of one percent, with the proceeds to be used to promote and develop new and expanded business enterprise on behalf of the City of Georgetown and became effective October 1, 2005. This additional revenue is not part of the City's operating budget, and is budgeted and spent by a non-profit economic development corporation, Georgetown Economic Development Corporation (GEDCO). This corporation was established by the City Council to oversee this revenue. Activities are included in the City's audited financial statements as a discretely presented component unit. A copy of GEDCO's approved 2010/11 budget is also included within the reference section of this document In May 2005, voters also authorized the adoption of an additional sales and use tax within the City at the rate of one eighth of one percent, with the proceeds to be used for property tax relief. This tax became effective October 1, 2005 and is used in the City's 2010/11 property tax calculation. Revenue from this sales tax is included in the City's general operating budget.