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Home My WebLink AboutPackets - Council Packets (1852)Town Council Meeting Regular and Study Session February 21, 2024 Town Council Meeting Announcements Upcoming meetings Meetings are subject to change. Check the Town website for meeting status. Board of Adjustment -CANCELLED February 27 at 3:00 p.m. Neighborhood Meeting: Extra Space self-storage expansion February 27 at 6:00 p.m. Council Chambers Historic Preservation Commission March 4 at 5:00 p.m. Hopi Conference Room Planning and Zoning Commission March 5 at 6:00 p.m. Council Chambers Town Council Regular Session March 6 at 6:00 p.m. Council Chambers 4 OV’s Path Forward 5 Stay up-to -date about events & join the online conversation at www.OVPathForward.com Upcoming Community Events Sunday, February 25 12PM – 2PM Oracle Crossings Plaza (Sprouts) Saturday, March 2 9AM – 1PM Farmers Market at Steam Pump Ranch Tuesday, February 27 11AM – 2PM Noble Hops Saturday, March 9 12PM – 2PM Plaza Escondida (Trader Joe’s) Wednesday, February 28 7PM Copper Creek HOA Meeting Wednesday, March 13 6PM Center Pointe Vistoso HOA Meeting Town Council Meeting Regular and Study Session February 21, 2024 7 Mayor and Council Reports on Current Events In remembrance of Mr. Lauren Rhude One of Oro Valley’s original five Councilmembers Town Council Meeting Regular and Study Session February 21, 2024 REVIEW FEB. 21, 2024 YEAR IN NEW We cultivate a vibrant economic region by empowering and uniting the Greater Oro Valley business community. MISSION STATEMENT chamber staff CHAMBER RELOCATION 7493 N Oracle Rd - 1822 E Innovation Park Dr •Approx. 600 members •Approx. 70% have 20 employees or less •52% located in 85704, 85737, 85755 MEMBERSHIP GROW TH & DIVERSITY MAJOR EVENTS RIBBON CUTTINGS MONTHLY MIXERS SUCCESSFUL EVENTS & PROGRAMS WISDOM WEDNESDAYS SHOP OV LOCALS EAT LOCAL HOLIDAY GUIDE SUCCESSFUL EVENTS & PROGRAMS “The Oro Valley Chamber has connected us with other business partners that are critical to our success.” -Frank V., Tohono Chul REVIEW SUPPORT FOR LOCAL BUSINESSES TRASH INQUIRY MAP OF OV DEAD COYOTES GUIDE & DIRECTORY ADDRESSES GRANDKID ADVENTURES COMMUNITY ENGAGEMENT COMMUNITY GIVING “As a nonprofit organization, we appreciate the continuing support the Chamber provides. As we build the AZ Heroes Memorial, they help us with networking, let us use their facilities, and give ongoing support as we work with area businesses and communities.” -Kay W., Arizona Heroes Memorial REVIEW feed my starving children meal packing 2024 ECONOMIC DEVELOPMENT ADVOCACY EDUCATION LOOKING AHEAD PARTNERSHIPS ”The [OV] Chamber provides access to the Oro Valley community that allows our business to thrive.” -Zoe B., Kinghorn Law | Financial REVIEW IMPORTANCE OF CONTINUED PARTNERSHIP FOR MORE (520)297-2191, kristen@orovalleychamber.com, orovalleychamber.com , @theovchamber CONTACT US Town Council Meeting Regular and Study Session February 21, 2024 Fiscal Year 2023/24 Financial Update Through December 2023 February 21, 2024 Overview/Reminders All amounts are preliminary, unaudited and subject to change Year -end estimates may not include adjusting audit entries required at year-end Year -end estimates should not be relied upon as precise predictors of year-end balances; they are fluid, informational, and based on currently available data The Town’s financial performance throughout the fiscal year is best indicated by comparing actuals to the adopted budget Overall, revenues and expenditures are performing well compared to budget Highlights Revenues and expenditures generally performing well compared to budget Strong growth in state shared revenue from last year (trending with budget) Local sales tax roughly flat to last fiscal year (budgeted 3% decline) Restaurant & bar 4.1% growth Utilities 9.6% growth Bed tax 6.6% growth Retail .3% decline Construction 3.6% decline (budgeted 16.6% decline) Budgeted Use of Fund Balance: ($5.3M) Estimated Use of Fund Balance: ($3.4M) Estimated Ending Fund Balance: $20.4M 40.3% of budgeted expenditures Exceeds Council 30% Policy by $5.2M General Fund $26.9M $27.3M$28.7M $30.0M $57.5M $62.8M $M $10M $20M $30M $40M $50M $60M $70M Sources Uses General Fund FY 23/24 Through December PY Actual CY Actual CY Budget General Fund Revenues – Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Local Sales Taxes $ 13,029,974 $ 13,315,962 $ 26,398,318 50.4%$ 27,244,813 State Shared Revenues 9,212,785 11,237,689 22,953,222 49.0%22,911,466 Charges for Services 1,388,841 1,510,151 3,204,246 47.1%3,028,885 Licenses & Permits 1,556,707 969,704 1,717,118 56.5%1,828,007 Grant Revenue 360,915 250,465 657,415 38.1%728,886 All Other 1,356,016 1,379,234 2,557,500 53.9%2,885,932 Total $ 26,905,238 $ 28,663,205 $ 57,487,819 49.9%$ 58,627,989 General Fund Uses – Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Personnel $ 14,323,406 $ 15,878,686 $ 35,698,399 44.5%$ 35,007,347 Operations & Maintenance 6,281,231 6,468,960 13,463,760 48.0%13,443,775 Capital 162,922 546,013 1,342,555 40.7%1,342,555 Transfers Out 6,548,965 7,136,644 12,274,644 58.1%12,274,644 Total $ 27,316,524 $ 30,030,303 $ 62,779,358 47.8%$ 62,068,321 Budgeted Use of Fund Balance: ($536,183) Estimated Use of Fund Balance: ($439,990) Estimated Ending Fund Balance: $438,942 Highway Fund $2.1M $1.9M$2.2M $3.6M $5.9M $6.5M $.0M $1.0M $2.0M $3.0M $4.0M $5.0M $6.0M $7.0M Sources Uses Highway Fund FY 23/24 Through December PY Actual CY Actual CY Budget Highway Fund Revenues - Year to Date FY22 Actuals FY23 Actuals Budget % of Budget Year -End Estimate State Shared Revenues $ 2,003,856 $ 2,051,193 $ 4,334,608 47.3%$ 4,334,608 Licenses & Permits 14,334 10,710 25,000 42.8%25,000 All Other 56,540 103,656 1,573,000 6.6%1,664,424 Total $ 2,074,730 $ 2,165,558 $ 5,932,608 36.5%$ 6,024,032 Highway Fund Expenditures – Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Personnel $ 539,810 $ 579,523 $ 1,262,861 45.9%$ 1,257,857 Operations & Maintenance 292,643 414,529 1,003,930 41.3%1,003,930 Capital 1,061,921 2,628,772 4,202,000 62.6%4,202,000 Total $ 1,894,374 $ 3,622,824 $ 6,468,791 56.0%$ 6,463,787 Community Center Fund Budgeted Use of Fund Balance: ($449,233) Estimated Increase of Fund Balance: $5,052 Estimated Ending Fund Balance: $1,013,285 $4.3M $6.2M $4.9M $6.1M $9.7M $10.2M $M $1M $2M $3M $4M $5M $6M $7M $8M $9M $10M $11M Sources Uses Community Center Fund FY 23/24 Through December PY Actual CY Actual CY Budget Community Center Fund Revenues –Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Local Sales Tax $ 1,720,677 $ 1,785,176 $ 3,726,016 47.9%$ 3,786,076 Contracted Operating Revenues 2,045,645 2,461,549 4,609,486 53.4%5,183,890 Town Operating Revenues 465,905 594,181 1,175,800 50.5%1,397,012 Other Revenues 27,130 26,358 197,150 13.4%221,168 Total $ 4,259,358 $ 4,867,264 $ 9,708,452 50.1%$ 10,588,146 Community Center Fund Uses –Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Contracted Operating Expenditures $ 2,417,060 $ 2,796,347 $ 4,965,264 56.3%$ 5,279,587 Town Operating Expenditures 778,607 828,303 1,654,718 50.1%1,726,983 Capital Outlay 980,418 738,224 1,820,500 40.6%1,859,322 Transfers Out 2,028,066 1,717,203 1,717,203 100.0%1,717,203 Total $ 6,204,152 $ 6,080,076 $ 10,157,685 59.9%$ 10,583,095 Water Fund Budgeted Use of Fund Balance: ($4,453,642) Estimated Use of Fund Balance: ($3,478,726) Estimated Ending Fund Balance: $8,815,046 $9.2M $10.3M$11.6M $10.1M $19.4M $23.8M $.0M $5.0M $10.0M $15.0M $20.0M $25.0M $30.0M Sources Uses Water U�lity Fund FY 23/24 Through December PY Actual CY Actual CY Budget Water Fund Revenues – Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Water Sale $ 7,573,941 $ 9,366,844 $ 16,060,000 58.3%$ 16,000,000 Charges for Services 1,476,168 1,522,893 3,200,500 47.6%3,252,583 Interest Earnings 55,327 139,673 100,000 139.7%170,000 Miscellaneous 46,393 13,214 - NA 25,314 Transfers In - 522,701 - NA 522,701 Total $ 9,151,829 $ 11,565,326 $ 19,360,500 59.7%$ 19,970,598 Water Fund Uses – Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Personnel $ 1,609,028 $ 1,679,815 $ 3,870,809 43.4%$ 3,682,783 O&M 4,327,468 4,558,080 11,176,793 40.8%11,000,000 Capital Outlays 177,956 608,748 2,239,792 27.2%2,239,792 Debt Service 4,229,099 3,300,830 3,644,440 90.6%3,644,440 Transfers Out 2,440 2,308 2,882,308 0.1%2,882,308 Total $ 10,345,992 $ 10,149,781 $ 23,814,142 42.6%$ 23,449,323 Stormwater Fund Budgeted Use of Fund Balance: ($100,961) Estimated Use of Fund Balance: ($75,487) Estimated Ending Fund Balance: $847,625 $.7M $.6M $.8M $.6M $1.7M $1.8M $.0M $.5M $1.0M $1.5M $2.0M Sources Uses Stormwater Fund FY 23/24 Through December PY Actual CY Actual CY Budget Stormwater Fund Revenues – Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Federal Grants $ - $ - $ 210,000 0.0%$ 210,000 Charges For Services 720,747 758,109 1,501,500 50.5%1,520,839 Interest Earnings 6,643 11,389 10,000 113.9%20,389 Total $ 727,390 $ 769,498 $ 1,721,500 44.7%$ 1,751,229 Stormwater Fund Uses – Year to Date FY23 Actuals FY24 Actuals Budget % of Budget Year -End Estimate Personnel $ 389,365 $ 432,734 $ 947,302 45.7%$ 951,557 O&M 163,924 130,594 369,159 35.4%369,159 Capital Outlay 22,820 50,700 506,000 10.0%506,000 Total $ 576,109 $ 614,028 $ 1,822,461 33.7%$ 1,826,716 Town Council Meeting Regular and Study Session February 21, 2024 An update on the community’s effort to create the next 10-year action plan 42 Community Engagement Online and in-person participation 1,170 online contributions 1,736 post-it note responses Many opportunities to participate available Big community survey Discussions about important topics Weekly events 43 44 Process Phase 1: Significant community engagement Online activities Events Big community survey Results will establish the community’s vision and guiding principles What do you like best about Oro Valley? What will be OV’s biggest challenges in the next 10 years? What should OV be known for? 45 24 ads and articles 3 podcast episodes 43 posters distributed around town 30 magnets on town vehicles 12 roadway signs 8 informational videos Awareness and Education Moore Tangerine Naranja La CañadaLa ChollaRancho Vistoso 1,170 online contributions Weekly social media posts on Facebook and Instagram Interactive website 13 discussion forums 1 mapping tool 7 polls 1 idea board Big community survey available now! 46 Online engagement “Just wanted to say thank you for putting together the ovpathforward.com site. I appreciate the effort put into it, and the opportunity to have input, especially in the places that I feel could be improved.” - OV Community Member 47 Community events 1,736 post-it notes collected Participated in 33 events Farmers markets Trailheads Youth sports practice Local businesses HOA Meetings 48 Join the discussion 49 The big community survey available through March 15 Comment cards available around town Events at businesses, parks, & more Signs throughout the community Online opportunities to map & discuss topics www.OVPathForward.com 50 #OVPathForward Town Council Meeting Regular and Study Session February 21, 2024 Town Council February 21, 2024 Study Session: Comprehensive Economic Development Strategy 53 CED Strategy presentation link Lucidchart Town Council Meeting Regular and Study Session February 21, 2024