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Home My WebLink AboutPackets - Council Packets (1804)Town Council Meeting Regular Session May 24, 2023 Town Council Meeting Announcements Upcoming meetings Meetings are subject to change. Check the Town website for meeting status. Historic Preservation Commission June 5 at 5 p.m. Hopi Conference Room Planning and Zoning Commission June 6 at 6 p.m. Council Chambers Town Council Regular Session June 7 at 6 p.m. Council Chambers 4 Town Council Meeting Regular Session May 24, 2023 There’s still time! Take the survey today at www.orovalleyaz.gov under the “featured content” section at the bottom of the main page. Help identify Oro Valley’s current and future housing needs to create an actionable General Plan. OV Housing Survey – Available thru May 31 Questions? Please contact Jessica Hynd, Constituent Services Coordinator at 520-229-4711 or ask@orovalleyaz.gov Two online surveys One for all OV residents One for any OV business owner and non-resident employees For statistical validation, the resident survey is also being conducted via phone by WestGroup Research Surveys take approximately 10 minutes to complete Individual responses will not be shared Responses will be part of a larger housing study Available to the public and presented to Town Council later this year Foundation for residents to draft policy as part of the new General Plan effort “What type of housing does Oro Valley need?”“What are some barriers to home ownership?” - OV Housing Survey Questions Town Council Meeting Regular Session May 24, 2023 May 29, 2023 Pascal Poolaw in Korea Thank you, and may you have a very enjoyable Memorial Day holiday! Town Council Meeting Regular Session May 24, 2023 2023 Tucson Bicycle Classic: Oro Valley The Oro Valley Circuit Race was a phenomenal first year event by all standards, and we are grateful for your support. Thank you for making this community event possible! 2023 Overview •Jersey presentation •Community engagement •Vision for 2024 and beyond •Thank you! Community Support One of the highlights for our team was watching residents bike to the event, spectate for a bit and then ride off - enjoying the incredible weather. We had a chance to speak with many of them and capture a wonderful candid moment with a few happy OV Residents. YT Link: https://youtu.be/GgGyKi8acCM Drive Link: https://drive.google.com/file/d/1-T9u-Yy- tVKEQCoiw9wGGZVRtTdVBylV/view?usp=sharing Race Director: Marco Colbert marccolbert@comcast.net (847) 644-0277 Marketing Director: Bekah Collins bekah@goodnewscommunications.com (520) 481-1184 Town Council Meeting Regular Session May 24, 2023 Fiscal Year 2022/23 Quarterly Financial Update Through March 31, 2023 May 24, 2023 FY 2022/23 YTD Q3 (Jul - Mar 2023) Sales tax collections continue to grow but at slower pace Restaurant and bar leads sales tax growth Construction sales tax slowing from prior year Total General Fund, Highway Fund and Community Center Fund sources and uses are within budget NOTE: All amounts are preliminary, unaudited and subject to change. Budgeted Use of Fund Balance: ($13.8M) Estimated Use of Fund Balance: ($7.1M) Estimated Ending Fund Balance: $23.3M 48.4% of Budgeted Expenditures Exceeds Council 30% Policy by $8.8M General Fund – Q3 YTD $39.3M $42.4M$40.8M $43.3M $50.7M $64.5M $M $10M $20M $30M $40M $50M $60M $70M Sources Uses General Fund FY 22/23 Through March PY Actual CY Actual CY Budget General Fund Sources – Q3 YTD FY22 Actuals FY23 Actuals Budget % of Budget Year -End Estimate Local Sales Taxes $ 19,736,016 $ 20,186,384 $ 25,270,959 79.9%$ 27,327,534 State Shared Revenues 10,829,576 14,043,976 17,605,693 79.8%18,496,724 Charges for Services 1,891,862 2,056,809 3,046,515 67.5%2,954,606 Licenses & Permits 1,930,126 2,197,281 2,223,824 98.8%2,636,961 Grant Revenue 3,590,972 453,583 455,000 99.7%659,000 All Other 1,334,928 1,839,777 2,137,000 86.1%2,597,400 Total $ 39,313,480 $ 40,777,810 $ 50,738,991 80.4%$ 54,672,225 General Fund Uses – Q3 YTD FY22 Actuals FY23 Actuals Budget % of Budget Year -End Estimate Personnel $ 20,225,646 $ 23,188,876 $ 34,876,210 66.5%$ 33,388,977 Operations & Maintenance 17,391,437 8,587,080 11,809,548 72.7%11,549,240 Capital 364,035 458,499 1,387,725 33.0%848,382 Transfers Out 4,424,073 11,048,965 16,446,977 67.2%15,996,977 Total $ 42,405,191 $ 43,283,420 $ 64,520,460 67.1%$ 61,783,576 Budgeted Use of Fund Balance: ($489,000) Estimated Use of Fund Balance: ($333,000) Estimated Ending Fund Balance: $874,400 Highway Fund – Q3 YTD $2.9M $3.2M$3.2M $2.5M $4.2M $4.7M $.0M $.5M $1.0M $1.5M $2.0M $2.5M $3.0M $3.5M $4.0M $4.5M $5.0M Sources Uses Highway Fund FY 22/23 Through March PY Actual CY Actual CY Budget Highway Fund Sources – Q3 YTD FY22 Actuals FY23 Actuals Budget % of Budget Year -End Estimate Licenses & Permits $ 22,852 $ 19,792 $ 25,000 79.2%$ 26,500 State Shared Revenues 2,876,605 3,025,678 4,127,100 73.3%4,127,100 All Other 9,504 107,643 11,000 978.6%117,825 Total $ 2,908,961 $ 3,153,113 $ 4,163,100 75.7%$ 4,271,425 Highway Fund Uses – Q3 YTD FY22 Actuals FY23 Actuals Budget % of Budget Year -End Estimate Personnel $ 816,752 $ 867,410 $ 1,202,574 72.1%$ 1,196,095 Operations & Maintenance 396,254 371,981 823,615 45.2%766,518 Capital 1,991,694 1,234,342 2,626,000 47.0%2,641,398 Total $ 3,204,700 $ 2,473,733 $ 4,652,189 53.2%$ 4,604,011 Community Center Fund – Q3 YTD Budgeted Use of Fund Balance: ($4.7M) Estimated Use of Fund Balance: ($4.9M) Estimated Ending Fund Balance: $1M $7.1M $4.4M $7.5M $8.1M$8.5M $13.2M $M $1M $2M $3M $4M $5M $6M $7M $8M $9M $10M $11M $12M $13M $14M Sources Uses Community Center Fund FY 22/23 Through March PY Actual CY Actual CY Budget Community Center Fund Sources – Q3 YTD FY22 Actuals FY23 Actuals Budget % of Budget Year -End Estimate Contracted Operating Revenues $ 3,601,950 $ 3,818,837 $ 3,980,149 95.9%$ 4,550,938 Town Operating Revenues 807,820 776,679 887,800 87.5%1,205,500 Other Revenues 2,722,976 2,929,629 3,639,386 80.5%3,942,063 Total $ 7,132,746 $ 7,525,145 $ 8,507,335 88.5%$ 9,698,501 Community Center Fund Uses – Q3 YTD FY22 Actuals FY23 Actuals Budget % of Budget Year -End Estimate Contracted Operating Expenditures $ 3,376,191 $ 3,514,583 $ 4,723,618 74.4%$ 4,689,972 Town Operating Expenditures 738,636 1,373,033 1,695,573 81.0%1,908,299 Capital Outlay 92,782 1,199,974 2,666,700 45.0%1,853,347 Transfers Out 168,519 2,028,066 4,085,380 49.6%6,107,341 Total $ 4,376,128 $ 8,115,656 $ 13,171,271 61.6%$ 14,558,959 Questions? Town Council Meeting Regular Session May 24, 2023