Loading...
HomeMy WebLinkAboutPackets - Budget and Finance Committee (52)       AGENDA ORO VALLEY BUDGET AND FINANCE COMMISSION REGULAR SESSION JUNE 18, 2024 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE        REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER   ROLL CALL   PLEDGE OF ALLEGIANCE   CALL TO AUDIENCE - at this time, any member of the public is allowed to address the Commission on any issue not listed on today’s agenda. Pursuant to the Arizona open meeting law, individual Commission members may ask Town staff to review the matter, ask that the matter be placed on a future agenda, or respond to criticism made by speakers. However, the Commission may not discuss or take legal action on matters raised during "Call to Audience." In order to speak during "Call to Audience", please specify what you wish to discuss when completing the blue speaker card.   STAFF LIAISON REPORT   REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE MAY 21, 2024 REGULAR SESSION MEETING MINUTES   2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 23/24 FINANCIAL UPDATE THROUGH APRIL 2024 (Please reference attachments)   3.PRESENTATION, REVIEW AND POSSIBLE DISCUSSION OF FY2024/2025 BUDGET   COUNCIL LIAISON COMMENTS   ADJOURNMENT   POSTED: 6/14/24 at 5:00 PM by dt. When possible, a packet of agenda materials as listed above is available for public inspection at least 24 hours prior to the Commission meeting in the Town Clerk's Office between the hours of 8:00 a.m. – 5:00 p.m. The Town of Oro Valley complies with the Americans with Disabilities Act (ADA). If any person with a disability needs any type of accommodation, please notify the Town Clerk’s Office at least five days prior to the Commission meeting at 229-4700. INSTRUCTIONS TO SPEAKERS Members of the public have the right to speak during any posted public hearing. However, those items not listed as a public hearing are for consideration and action by the Commission during the course of their business meeting. Members of the public may be allowed to speak on these topics at the discretion of the Chair. If you wish to address the Commission on any item(s) on this agenda, please complete a blue speaker card located on the Agenda table at the back of the room and give it to the Recording Secretary. Please indicate on the speaker card which item number and topic you wish to speak on, or if you wish to speak during “Call to Audience,” please specify what you wish to discuss when completing the blue speaker card. Please step forward to the podium when the Chair announces the item(s) on the agenda which you are interested in addressing. 1. For the record, please state your name and whether or not you are a Town resident. 2. Speak only on the issue currently being discussed by the Commission. Please organize your speech, you will only be allowed to address the Commission once regarding the topic being discussed. 3. Please limit your comments to 3 minutes. 4. During “Call to Audience”, you may address the Commission on any issue you wish. 5. Any member of the public speaking must speak in a courteous and respectful manner to those present. Thank you for your cooperation. “Notice of Possible Quorum of the Oro Valley Town Council, Boards, Commissions and Committees: In accordance with Chapter 3, Title 38, Arizona Revised Statutes and Section 2-4-4 of the Oro Valley Town Code, a majority of the Town Council, Board of Adjustment, Historic Preservation Commission, Parks and Recreation Advisory Board, Stormwater Utility Commission, and Water Utility Commission may attend the above referenced meeting as a member of the audience only.”    Budget and Finance Commission 1. Meeting Date:06/18/2024   Submitted By:Melissa Flores, Legal SUBJECT: REVIEW AND APPROVAL OF THE MAY 21, 2024 REGULAR SESSION MEETING MINUTES RECOMMENDATION: Staff recommends approval. EXECUTIVE SUMMARY: N/A BACKGROUND OR DETAILED INFORMATION: N/A FISCAL IMPACT: N/A SUGGESTED MOTION: I MOVE to approve the May 21, 2024 regular session meeting minutes. Attachments Draft Minutes 052124  D R A F T MINUTES BUDGET AND FINANCE COMMISSION REGULAR SESSION MAY 21, 2024 COUNCIL CHAMBERS 11000 N. LA CAÑADA DRIVE            REGULAR SESSION AT OR AFTER 4:00 PM   CALL TO ORDER AT 4:00 PM BY CHAIR MASON   ROLL CALL Present: Jennifer Carr, Vice Chair Joyce Garland, Member Michael Mason, Chair Matthew Miller, Member Absent:Gerald LeMay, Member Staff Present:Joe Winfield, Mayor David Gephart, Chief Financial Officer Wendy Gomez, Deputy Finance Director Chris Hutchison, Senior Budget Analyst PLEDGE OF ALLEGIANCE - Chair Mason led the group in the Pledge of Allegiance.   CALL TO AUDIENCE - No Comments were received.   STAFF LIAISON REPORT Chief Financial Officer, David Gephart, reported on the following: - Budget update: - Two study sessions have occured. - The Town Manager's Recommended Budget has been provided. - Staff is currently working on the Tentative Budget and the plan is to provide the budget to Council on June 5th for approval. - For the June 5th Council Meeting, the following also be presented: - A water rate increase. - The survey results from the Oro Valley Path Forward. - The financial update presented this evening. - The Water Department has received a $1.6 million WIFA grant award.   REGULAR SESSION AGENDA   1.REVIEW AND APPROVAL OF THE APRIL 16, 2024 REGULAR SESSION MEETING MINUTES      5/21/24 Minutes, Budget and Finance Commission Regular Session 1    Motion by Vice Chair Jennifer Carr, seconded by Member Joyce Garland to approve the April 16, 2024 Regular Session Meeting Minutes as written.  Vote: 4 - 0 Carried   2.PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 23/24 FINANCIAL UPDATE THROUGH MARCH 2024 (Please reference attachments) Wendy Gomez, Deputy Finance Director, led the discussion amongst the Commissioners and Staff.      COUNCIL LIAISON COMMENTS Mayor Winfield provided the following comments: - The next Town Council Meeting will be on June 5th. - Oro Valley Path Forward Presentation will be moved to June 19th meeting. - Naranja Park grand reopening had a large turnout. - It is National Public Works Week, so it is encouraged to show appreciation for all those who work in that department.   ADJOURNMENT    Motion by Vice Chair Jennifer Carr, seconded by Member Matthew Miller to adjourn the meeting at 4:27 PM.  Vote: 4 - 0 Carried     I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular session of the Town of Oro Valley Budget and Finance Commission of Oro Valley, Arizona held on the 21st day of May, 2024. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 21st day of May, 2024. ___________________________ Melissa Flores Legal Secretary 5/21/24 Minutes, Budget and Finance Commission Regular Session 2    Budget and Finance Commission 2. Meeting Date:06/18/2024   Submitted By:Christopher Hutchison, Finance SUBJECT: PRESENTATION AND POSSIBLE DISCUSSION OF THE TOWN'S FY 23/24 FINANCIAL UPDATE THROUGH APRIL 2024 (Please reference attachments) RECOMMENDATION: N/A EXECUTIVE SUMMARY: Please reference attachments for this item. BACKGROUND OR DETAILED INFORMATION: N/A FISCAL IMPACT: N/A SUGGESTED MOTION: N/A Attachments Consolidated April 2024 Monthly Financial Report  Town Manager’s Office TOWN COUNCIL REPORT DATE: June 18, 2024 TO: Mayor and Council FROM: Jeff Wilkins, Town Manager David Gephart, Chief Financial Officer SUBJECT: April 2024 Financial Update   This financial update is intended to provide an overview and status of financial results for the Town’s selected funds through April 2024 for fiscal year 2023/24. Please note that all amounts are preliminary, un-audited and subject to change. Additionally, estimates reflected in monthly financial updates may not include any adjusting audit entries required at year- end. EXECUTIVE SUMMARY Revenues and expenditures are performing well compared to budget. Further details are as follows: General Fund In the General Fund (see attachment A), revenues total $48.6 million or 84.6% of budget, while uses are at $48.5 million or 77.1% of budget. Highway Fund In the Highway Fund (see attachment B), sources total $5.1 million or 86.2% of budget, while expenditures total $5.3 million or 81.5% of budget. Community Center Fund In the Community Center Fund (see attachment C-1, C-2 and C-3), revenues total $9.8 million or 100.8% of budget, while uses total $8.7 million or 85.6% of budget. BACKGROUND AND DETAILED INFORMATION GENERAL FUND Attachment A shows General Fund revenues and expenditures through April, other financing uses and year-end estimates for each category. The estimated year-end projections in the General Fund are as follows: Revenues $58,835,538 Less: Expenditures ($49,210,161) Other Financing Uses ($12,274,644) Preliminary Estimated Decrease in Fund Balance: ($2,649,267)* Estimated FY24 Year-End Fund Balance $21,149,225** *The estimated decrease in fund balance is due to a budgeted transfer of $10 million to the Capital Fund for CIP projects. **The ending fund balance is currently estimated to exceed the 30% reserve policy by $6.0 million. General Fund Revenues  Local sales tax collections in the General Fund total $22.7 million or 86.0% of the budgeted amount of $26.4 million and overall are performing better than anticipated. Retail collections total $7.7 million, which is 2.1% greater than the same time period last fiscal year. Restaurant/bar collections total $2.2 million which is 0.8% greater than the same time period last fiscal year. Bed tax collections total $1.7 million which is 17.2% less than the same time period last fiscal year. Construction sales tax collections total $4.6 million through April, which is 2.6% less than collections from the same time period last fiscal year. (The budgeted decrease for construction sales tax is 16.6%). Total local sales tax revenue in the General Fund is expected to come in about $1.1 million or 4.0% above budget due to stronger performance in construction, remote seller, and utilities. The low growth in retail sales tax is more than made up by the increase in remote seller sales tax which indicates a greater shift to online purchases from brick-and-mortar stores compared to the prior year. Please see attachment E for detailed information on General Fund local sales tax collections.  State shared revenues total $18.9 million or 82.2% of the budget amount of $23.0 million. These revenue sources are comprised of state shared sales taxes, state shared income taxes, auto-lieu fees, and Smart and Safe shared taxes. At this time, these revenues are forecasted to come in 0.2% under budget due to lower trending vehicle license tax, state income tax, and Smart & Safe tax.  License and permit revenues total about $1.8 million or 103.6% of the budget amount of $1.7 million. A total of 144 Single Family Residential (SFR) permits have been issued through April (119 budgeted). License and permit revenues are expected to come in about $325,000 above budget, due to greater than expected commercial and residential development activity.  Charges for services revenues total $2.5 million or 76.8% of the budget amount of $3.2 million. Cost allocation charges to the Town’s enterprise funds for services provided, as well as Parks & Recreation fees, make up the bulk of this revenue category. Charges for services are forecasted to come in about $333,000 or 10.0% below budget due to a reduction in the enterprise service charge, lower-than-expected engineering plan review fees and court fees, and no transit farebox revenues.  Grant revenues total about $378,000 or 57.5% of the budget amount of $657,000. These grants, awarded by federal and state agencies, reimburse personnel costs associated with specific programs and support school resource officer positions. Anticipated grant revenue for the current fiscal year is projected to be $183,000 lower than budgeted due to the timing of awards from the Arizona Department of Homeland Security. This is offset by corresponding projected overtime savings in the Police Department.  Other revenues are forecasted to come in about $513,000 above budget due to a rebate received from the Arizona Municipal Risk Retention Pool (AMRRP) and greater than expected interest income. General Fund Uses  General Fund uses total $48.5 million or 77.1% of budget through April.  Personnel costs are forecasted to come in about $1.2 million or 3.5% less than budget, due to a combination of vacancy savings, overtime savings, position refills and budgeted PSPRS contributions.  Operations and maintenance are forecasted to come in about $86,000 or 0.6% less than budget, due to savings in travel and training and outside professional services.  Capital costs are forecasted to come in on budget.  Transfers out of the General Fund are expected to end the fiscal year on budget. Note that actuals through April reflect the budgeted transfer to debt service and 3/4 of the budgeted transfer to the Capital Fund for CIP. HIGHWAY FUND Attachment B shows Highway Fund revenues and expenditures through April, other financing sources, and year-end estimates for each category. The estimated year-end projections in the Highway Fund are as follows: Revenues $4,407,826 Transfers In $1,500,000 Less: Expenditures ($6,452,620) Preliminary Estimated Decrease in Fund Balance: ($544,794) Estimated FY24 Year-End Fund Balance $334,138 Highway Fund Revenues  State shared highway user funds (HURF) total about $3.5 million or 79.7% of the budget amount of $4.3 million. These revenues are projected to come in about 135,000 or 3.1% below budget at this time.  Interest income is expected to come in at a favorable budget variance of $100,000, due primarily to earnings in the State’s Local Government Investment Pool (LGIP).  Other minor revenues in the Highway Fund are expected to come in at a favorable budget variance of $9,826 due to insurance recoveries. Highway Fund Expenditures  Highway Fund expenditures through April are at $5.3 million or 81.5% of the adopted budget of $6.5 million.  Personnel costs are forecasted to come in about $27,000 or 2.2% under budget, due to a combination of vacancy savings and position refills.  Operations and maintenance are forecasted to come in $118,000 or 11.4% over budget due to greater than expected outside professional services and street maintenance costs.  Capital costs are forecasted to come in $107,000 or 2.6% under budget due to savings in equipment purchases and accident repairs. COMMUNITY CENTER FUND Attachment C-1 shows consolidated Community Center Fund revenues and expenditures through April, other financing uses, and year-end estimates for each category. Attachment C-2 shows the monthly line-item detail for the contractor-managed operations, specifically revenues and expenditures associated with golf, and food and beverage operations. The totals in the revenue and expenditure categories in attachment C-2 tie to the contracted operating revenues and expenditures in attachment C-1. Attachment C-3 shows contractor operations for 36-hole, Pusch Ridge and F&B separately, as well as capital investments for golf, half cent sales tax collections, and HOA contributions. The estimated year-end projections in the Community Center Fund are as follows: Revenues $11,188,745 Less: Expenditures ($8,463,071) Transfers Out ($1,717,203) Preliminary Estimated Increase in Fund Balance: $1,008,233 Estimated FY24 Year-end Fund Balance $2,016,704 Community Center Fund Revenues  Revenues in the Community Center Fund through April total about $9.8 million or 100.8% of the budget amount of $9.7 million.  Contracted operating revenues total $5.2 million as of April, which is about $775,000 or 17.6% greater than the same time last fiscal year. Contracted revenues are estimated to come in $1.1 million or 24.5% over budget mostly due to member dues and greens fees.  Town operating revenues through April are at about $1.3 million or 108.3% of the budget amount of $1.2 million. Town operating revenues are expected to end the fiscal year about $250,000 higher than budget due mainly to member dues. Recreation programs, daily drop-ins and facility rental income are also expected to exceed budget expectations.  Local sales tax revenues through April total about $3.2 million or 84.7% of the budget amount of $3.7 million. These collections are currently projected to come in $101,000 or 2.7% above budget, due to positive trends in the remote seller category. Community Center Fund Uses  Expenditures in the Community Center Fund total $7.0 million or 82.7% of the budgeted amount of $8.4 million.  Contracted operating expenditures total $4.4 million, or 88.0% of the budgeted amount of $5.0 million. Contracted expenditures are currently estimated to come in 6.3% over budget due to greater than expected utilities, labor costs, and cost of sales.  Town operating expenditures total about $1.4 million or 82.5% of budget and are currently estimated to come in approximately $120,000 over budget due to trending of personnel costs, outside professional services, and contracted program instructors.  Capital expenditures total about $1.2 million or 67.3% of budget and are currently estimated to come in approximately $412,000 under budget due to $540,802 of capital projects expected to carry over into next fiscal year, namely the Community Center flat roof surface replacement, restaurant cooler/freezer modernization, and Vistoso Trails Nature Preserve safety improvements. The budget carryover is partially offset by greater than expected expenditures on equipment.  Transfers out are expected to end the year on budget. Note that actuals through April reflect the full year budgeted transfer out to debt service. The Town is not expecting any year-end sales tax support for golf operations for the current fiscal year. Contracted operations have a projected net income of $457,634 before outside HOA contributions of $159,050, and local sales taxes generated from golf related operations estimated at $144,849. ATTACHMENTS A. Additional details on the General Fund B. Additional details on the Highway Fund C. C-1, C-2, and C-3 for additional details on the Community Center Fund and golf operations D. Fiscal year-to-date consolidated summary for all Town funds E. Breakdown of monthly local sales tax for the General Fund F. Breakdown of monthly state shared revenue collections for the General Fund ATTACHMENT A General Fund Financial Status Fiscal Year to Date: April 2024 Revenues ` Amount Percent Local Sales Tax 22,599,621$ 22,713,563$ 26,398,318$ (3,684,755)$ 86% 27,466,094$ State Shared Revenues 15,648,004 18,871,277 22,953,222 (4,081,945) 82% 22,911,519 Licenses & Permits 2,337,651 1,778,098 1,717,118 60,980 104% 2,041,891 Grants 475,783 378,028 657,415 (279,387) 58% 474,751 Intergovernmental 1,238,344 1,372,604 1,869,500 (496,896) 73% 1,869,500 Charges for Service 2,407,885 2,460,186 3,204,246 (744,060) 77% 2,871,256 Other Revenue 814,263 1,062,373 688,000 374,373 154% 1,200,527 Total Revenues 45,521,551$ 48,636,130$ 57,487,819$ (8,851,689)$ 85% 58,835,538$ Uses Amount Percent Personnel Services 26,014,894$ 27,659,790$ 35,698,399$ 8,038,609$ 77% 34,466,544$ Operations and Maintenance 9,934,880 10,850,488 14,149,058 3,298,570 77% 14,063,360 Capital Outlay 201,166 304,463 680,257 375,794 45% 680,257 Transfers Out 11,048,965 9,636,644 12,274,644 2,638,000 79% 12,274,644 Total Uses 47,199,906$ 48,451,385$ 62,802,358$ 14,350,973$ 77% 61,484,805$ Change in Fund Balance Total Revenues 45,521,551$ 48,636,130$ 57,487,819$ 58,835,538$ Total Uses (47,199,906) (48,451,385) (62,802,358) (61,484,805) Change in Fund Balance (1,678,355)$ 184,744$ (5,314,539)$ (2,649,267)$ Beginning Fund Balance 23,798,492$ Estimated Ending Fund Balance 21,149,225$ FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget FY 2023/24 Budget Year End Estimate Year End Estimate Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget FY 2022/23 Actuals FY 2023/24 Actuals ATTACHMENT A Page 1 OF 6 ATTACHMENT A General Fund Financial Status Fiscal Year to Date: April 2024 Local Sales Tax Revenue Amount Percent Construction 4,734,624$ 4,613,145$ 4,609,182$ 3,964$ 100% 5,009,182$ Utilities 3,161,345 3,417,073 3,721,616 (304,543) 92% 4,099,165 Retail 7,588,121 7,745,384 9,339,301 (1,593,917) 83% 9,327,890 Bed Tax 2,036,788 1,685,790 2,384,479 (698,689) 71% 2,302,685 Restaurant & Bar 2,229,039 2,246,141 2,596,724 (350,583) 86% 2,648,586 Other 2,480,935 2,651,143 2,982,017 (330,873) 89% 3,355,556 Cable Franchise 368,769 354,887 765,000 (410,113) 46% 723,030 Local Sales Tax Total 22,599,621$ 22,713,563$ 26,398,318$ (3,684,755)$ 86% 27,466,094$ State Shared Revenue Amount Percent State Income Tax 7,568,934$ 10,649,568$ 12,839,525$ (2,189,957)$ 83% 12,779,535$ State Sales Tax 5,873,464 6,060,702 7,207,659 (1,146,957) 84% 7,411,231 County Auto Lieu 1,987,864 2,024,812 2,582,388 (557,576) 78% 2,428,421 Smart and Safe 126,622 136,194 323,650 (187,456) 42% 292,332 State Shared Total 15,556,884$ 18,871,277$ 22,953,222$ (4,081,945)$ 82% 22,911,519$ Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate $10.6 $6.1 $2.0 $0.1 $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 State Income Tax State Sales Tax County Auto Lieu Smart and SafeMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget $4.6 $3.4 $7.7 $1.7 $2.2 $2.7 $0.4 $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 $9.0 $10.0 Millions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget No explanation necessary ATTACHMENT A Page 2 OF 6 ATTACHMENT A General Fund Financial Status Fiscal Year to Date: April 2024 Licenses & Permits Revenue Amount Percent Business Licenses & Permits 197,385$ 199,726$ 205,000$ (5,274)$ 97% 205,000$ Residential Building Permits 876,111 1,105,555 1,090,118 15,437 101% 1,263,891 Commercial Building Permits 982,609 317,735 250,000 67,735 127% 400,000 Other Building Permits and Fees 281,546 155,082 172,000 (16,918) 90% 173,000 Licenses & Permits Total 2,337,651$ 1,778,098$ 1,717,118$ 60,980$ 104% 2,041,891$ Grants Revenue Amount Percent Federal grants 413,807$ 238,003$ 582,415$ (344,412)$ 41% 322,265$ State Grants 61,976 140,026 75,000 65,026 187% 152,486 Grants Total 475,783$ 378,028$ 657,415$ (279,387)$ 58% 474,751$ FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate $0.2 $1.1 $0.3 $0.2 $0.0 $0.5 $1.0 $1.5 Business Licenses & Permits Residential Building Permits Commercial Building Permits Other Building Permits and FeesMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget $0.2 $0.1 $0.0 $0.2 $0.4 $0.6 $0.8 Federal grants State GrantsMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget No explanation necessary ATTACHMENT A Page 3 OF 6 ATTACHMENT A General Fund Financial Status Fiscal Year to Date: April 2024 Intergovernmental Revenue Amount Percent School Resource Officers 65,000$ 90,000$ 90,000$ -$ 100% 90,000$ RTA Reimbursements 1,170,277 1,282,604 1,774,000 (491,396) 72% 1,774,000 PC Library District Reimburse 3,067 - 5,500 (5,500) - 5,500 Intergovernmental Total 1,238,344$ 1,372,604$ 1,869,500$ (496,896)$ 73% 1,869,500$ Charges for Service Revenue Amount Percent Enterprise Funds Cost Allocation 1,374,138$ 1,378,279$ 1,897,065$ (518,786)$ 73% 1,653,935$ Recreation Fees 675,785 780,884 796,840 (15,956) 98% 873,441 Development Fees 94,425 62,848 116,080 (53,232) 54% 69,100 Court Fees 131,132 110,381 194,400 (84,020) 57% 125,000 Other 132,406 127,794 199,861 (72,067) 64% 149,780 Charges for Service Total 2,407,885$ 2,460,186$ 3,204,246$ (744,060)$ 77% 2,871,256$ FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate $0.1 $1.3 $0.0 $0.0 $0.5 $1.0 $1.5 $2.0 School Resource Officers RTA Reimbursements PC Library District ReimburseMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget $1.4 $0.8 $0.1 $0.1 $0.1 $0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 $1.4 $1.6 $1.8 $2.0 Enterprise Funds Cost Allocation Recreation Fees Development Fees Court Fees OtherMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget ATTACHMENT A Page 4 OF 6 ATTACHMENT A General Fund Financial Status Fiscal Year to Date: April 2024 Other Revenue Amount Percent Fines 72,075$ 50,582$ 125,000$ (74,418)$ 40% 60,000$ Interest Earnings 262,580 568,482 300,000 268,482 189% 585,000 Miscellaneous 479,608 443,309 263,000 180,309 169% 555,527 Other Revenue Total 814,263$ 1,062,373$ 688,000$ 374,373$ 154% 1,200,527$ FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate $0.1 $0.6 $0.4 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 Fines Interest Earnings MiscellaneousMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget ATTACHMENT A Page 5 OF 6 ATTACHMENT A General Fund Financial Status Fiscal Year to Date: April 2024 Expenditures by Department Amount Percent Clerk 347,965$ 325,408$ 419,897$ 94,489$ 77% 410,155$ Community & Econ. Dev. 2,490,406 2,834,648 3,882,445 1,047,797 73% 3,666,717 Council 178,396 164,870 209,203 44,333 79% 209,203 Finance 736,466 670,074 850,456 180,382 79% 820,840 Non-Departmental 2,778,340 2,070,584 2,555,536 484,952 81% 2,555,536 Human Resources 446,540 502,390 673,755 171,365 75% 665,521 Information Technology 3,726,174 4,786,300 6,004,600 1,218,300 80% 5,852,943 Legal 819,380 860,957 1,132,503 271,546 76% 1,096,391 Manager 998,425 1,264,781 1,760,479 495,699 72% 1,619,979 Parks & Recreation 2,873,361 3,394,052 4,766,140 1,372,088 71% 4,490,331 Police 15,385,464 15,951,438 20,436,591 4,485,153 78% 20,052,453 Public Works 4,604,930 5,209,669 6,825,447 1,615,778 76% 6,804,316 Town Court 765,093 779,571 1,010,662 231,091 77% 965,777 Total Department Expenditures 36,150,941$ 38,814,741$ 50,527,714$ 11,712,973$ 77% 49,210,161$ FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate $0.3 $2.8 $0.2 $0.7 $2.1 $0.5 $4.8 $0.9 $1.3 $3.4 $16.0 $5.2 $0.8 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 Millions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Non-Departmental: in FY23 there was a $885,000 settlement for Vistoso Trails Nature Preserve. ATTACHMENT A Page 6 OF 6 ATTACHMENT B Highway Fund Financial Status Fiscal Year to Date: April 2024 Sources ` Amount Percent Licenses & Permits 23,003$ 20,319$ 25,000$ (4,681)$ 81% 23,000$ Highway User Revenue 3,421,275 3,455,201 4,334,608 (879,407) 80% 4,200,000 Interest Earnings 125,033 125,930 70,000 55,930 180% 170,000 Miscellaneous 7,671 14,437 3,000 11,437 481% 14,826 Transfers In - 1,500,000 1,500,000 - 100% 1,500,000 Total Sources 3,576,983$ 5,115,887$ 5,932,608$ (816,721)$ 86% 5,907,826$ Expenditures Amount Percent Personnel 959,408$ 993,243$ 1,262,861$ 269,618$ 79% 1,235,690$ O&M 498,614 682,810 1,035,930 353,120 66% 1,153,930 Capital Outlays 2,062,334 3,597,839 4,170,000 572,161 86% 4,063,000 Total Expenditures 3,520,356$ 5,273,892$ 6,468,791$ 1,194,899$ 82% 6,452,620$ Change in Fund Balance Total Sources 3,576,983$ 5,115,887$ 5,932,608$ 5,907,826$ Total Expenditures (3,520,356) (5,273,892) (6,468,791) (6,452,620) Change in Fund Balance 56,627$ (158,006)$ (536,183)$ (544,794)$ Beginning Fund Balance 878,932$ Estimated Ending Fund Balance 334,138$ Year End Estimate Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget ATTACHMENT B PAGE 1 OF 1 ATTACHMENT C-1 Community Center Fund Financial Status Fiscal Year to Date: April 2024 Revenues Amount Percent Local Sales Tax 3,070,470$ 3,155,376$ 3,726,016$ (570,640)$ 85% 3,826,601$ Contracted Operating Revenues 4,395,049 5,169,637 4,609,486 560,151 112% 5,737,221 Town Operating Revenues 1,088,899 1,272,949 1,175,800 97,149 108% 1,425,725 Other Revenues 229,551 185,472 197,150 (11,678) 94% 199,198 Total Revenues 8,783,969$ 9,783,434$ 9,708,452$ 74,982$ 101% 11,188,745$ Uses Amount Percent Contracted Operating Expenditures 3,881,092$ 4,370,592$ 4,965,264$ 594,672$ 88% 5,279,587$ Town Operating Expenditures 1,585,330 1,381,397 1,654,718 273,321 83% 1,774,747 Capital Outlay 1,199,777 1,226,101 1,820,500 594,399 67% 1,408,737 Transfers Out 2,028,066 1,717,203 1,717,203 - 100% 1,717,203 Total Uses 8,694,265$ 8,695,293$ 10,157,685$ 1,462,392$ 86% 10,180,274$ Change in Fund Balance Total Revenues 8,783,969$ 9,783,434$ 9,708,452$ 11,188,745$ Total Uses (8,694,265) (8,695,293) (10,157,685) (10,180,274) Change in Fund Balance 89,704$ 1,088,142$ (449,233)$ 1,008,471$ Beginning Fund Balance 1,008,233$ Estimated Ending Fund Balance 2,016,704$ FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget ATTACHMENT C-1 PAGE 1 OF 4 ATTACHMENT C-1 Community Center Fund Financial Status Fiscal Year to Date: April 2024 Local Sales Tax Revenue Amount Percent Retail 1,897,030$ 1,936,346$ 2,334,825$ (398,479)$ 83% 2,331,973$ Restaurant & Bar 557,260 561,535 649,181 (87,646) 86% 662,146 Other 616,180 657,495 742,010 (84,515) 89% 832,482 Local Sales Tax Total 3,070,470$ 3,155,376$ 3,726,016$ (570,640)$ 85% 3,826,601$ Contracted Operating Revenue Amount Percent Golf Revenue, Trail & Cart Fees 2,249,710$ 2,799,623$ 2,424,211$ 375,412$ 115% 3,122,721$ Member Dues 1,161,190 1,342,898 1,219,000 123,898 110%1,514,000 Food & Beverage 642,690 664,438 641,975 22,463 103%714,500 Merchandise & Other 341,459 362,678 324,300 38,378 112% 386,000 Contracted Revenue Total 4,395,049$ 5,169,637$ 4,609,486$ 560,151$ 112% 5,737,221$ Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Actual Vs. Budget Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget $2.8 $1.3 $0.7 $0.4 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 Golf Revenue, Trail & Cart Fees Member Dues Food & Beverage Merchandise & OtherMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget $1.9 $0.6 $0.7 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 Retail Restaurant & Bar OtherMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget ATTACHMENT C-1 PAGE 2 OF 4 ATTACHMENT C-1 Community Center Fund Financial Status Fiscal Year to Date: April 2024 Town Operating Revenue Amount Percent Daily Drop-Ins 44,480$ 71,004$ 50,500$ 20,504$ 141% 82,170$ Member Dues 602,570 756,924 660,000 96,924 115% 868,973 Recreation Programs 370,591 367,495 380,000 (12,505) 97% 387,378 Facility Rental Income 71,258 77,525 85,300 (7,775) 91% 87,204 Town Operating Revenue Total 1,088,899$ 1,272,949$ 1,175,800$ 97,149$ 108% 1,425,725$ Other Revenue Amount Percent Interest Income 36,621$ 21,277$ 35,000$ (13,723)$ 61% 35,000 HOA Contributions 159,050 159,050 159,050 - 100% 159,050 Miscellaneous 33,880 5,145 3,100 2,045 166% 5,148 Other Revenue Total 229,551$ 185,472$ 197,150$ (11,678)$ 94% 199,198$ Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget $0.1 $0.8 $0.4 $0.1 $0.0 $0.1 $0.2 $0.3 $0.4 $0.5 $0.6 $0.7 $0.8 Daily Drop-Ins Member Dues Recreation Programs Facility Rental Income FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget $0.0 $0.2 $0.0 $0.0 $0.1 $0.2 Interest Income HOA Contributions MiscellaneousMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget ATTACHMENT C-1 PAGE 3 OF 4 ATTACHMENT C-1 Community Center Fund Financial Status Fiscal Year to Date: April 2024 Contracted Operating Expenditures Amount Percent Personnel 1,388,177$ 1,532,119$ 1,738,221$ (206,102)$ 88% 1,829,774$ Food & Beverage 508,909 579,833 550,992 28,841 105% 625,500 Operations & Maintenance 1,859,641 2,123,072 2,513,367 (390,295) 84% 2,661,629 Equipment Leases 124,365 135,569 162,684 (27,115) 83% 162,684 Contracted Expenditures Total 3,881,092$ 4,370,592$ 4,965,264$ (594,672)$ 88% 5,279,587$ Town Operating Expenditures Amount Percent Personnel 774,315$ 905,405$ 1,114,639$ (209,234) 81% 1,217,540$ Operations & Maintenance 672,686 460,428 540,079 (79,651) 85% 541,643 Town Operating Expenditures Total 1,447,002$ 1,365,833$ 1,654,718$ (288,885)$ 83% 1,759,182$ 550,000 75,000 198,000 65,000 100,000 285,000 75,000 75,000 255,000 20,000 12,000 7,500 12,000 15,000 10,000 7,000 35,000 8,000 16,000 1,820,500 Year End Estimate FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget Actual Vs. Budget List of FY24 Capital Projects: Canada Golf Crs Pathway Impro CC Fire Alarm Upgrade CC Flat Roof Replacement Year End Estimate Overlook Cooler/freezer Modern Life Cycle Repl - Bunkers & Turf Red PR ADA & Code Compliance PR Improvements VTNP ADA Restrooms VTNP Improvements PR Concrete ADA pad CC Walking path lighting External Pool lighting Facility beautification Outdoor movie screen replacement Facility landscaping Pool deck maintenance Pool handrails PR Tennis bleacher demo PR Tennis Court Gate repair $0.9 $0.5 $0.0 $0.2 $0.4 $0.6 $0.8 $1.0 $1.2 Personnel Operations & MaintenanceMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget $1.5 $0.6 $2.1 $0.1 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 Personnel Food & Beverage Operations & Maintenance Equipment LeasesMillions FY 2022/23 Actuals FY 2023/24 Actuals FY 2023/24 Budget ATTACHMENT C-1 PAGE 4 OF 4 ATTACHMENT C-2 Budget Last Year Budget Last Year Actual Budget Variance Last Year Variance Actual Budget Variance Last Year Variance Rounds 4,542 3,750 792 3,999 543 Rounds ‐ Member 39,154 31,650 7,504 34,825 4,329 1,508 1,250 258 1,366 142 Rounds ‐ Outing 7,825 6,700 1,125 6,204 1,621 6,702 5,850 852 5,892 810 Rounds ‐ Public 45,845 42,925 2,920 45,045 800 ==================================================================================================================================================================== 12,752 10,850 1,902 11,257 1,495 Total Rounds 92,824 81,275 11,549 86,074 6,750 Revenue 340,724 290,500 50,224 276,615 64,109 Green Fees 2,143,128 1,914,500 228,628 1,945,053 198,075 28,280 27,925 355 25,392 2,888 Cart Fees 284,621 245,071 39,550 268,315 16,306 5,613 4,500 1,113 4,044 1,569 Driving Range 41,871 38,000 3,871 36,341 5,530 0 0 0 0 0 Golf Cards/Passes 0 0 0 0 0 39,418 35,000 4,418 31,235 8,183 Pro Shop Sales 256,400 228,950 27,450 244,476 11,924 45,150 47,175 (2,025)50,297 (5,147)Food (Food & Soft Drinks) 334,227 285,550 48,677 326,542 7,685 43,493 37,150 6,343 46,542 (3,050)Beverages (Alcohol) 312,675 260,675 52,000 299,625 13,050 4,600 0 4,600 5,444 (844)Other Food & Beverage Revenue 17,537 0 17,537 16,523 1,014 10,836 3,650 7,186 6,434 4,402 Other Golf Revenues (Club Rent, Handica 68,356 25,775 42,581 42,163 26,193 6,540 3,375 3,165 6,915 (375)Clinic / School Revenue 26,925 21,700 5,225 32,494 (5,569) 118,346 108,000 10,346 124,301 (5,955)Dues Income ‐ Monthly Dues 1,338,469 1,019,000 319,469 1,156,330 182,138 0 0 0 0 0 Initiation Fee Income / Annual Membersh 4,429 0 4,429 4,860 (431) (1,018)0 (1,018) (1,007) (11)Miscellaneous Income and Discounts 10,997 10,000 997 22,327 (11,329) ================================================================================= ============================================================= ================ 641,982 557,275 84,707 576,212 65,769 Total Revenue 4,839,635 4,049,221 790,414 4,395,049 444,587 Cost of Sales 27,014 24,525 (2,489)25,228 (1,786)COGS ‐ Pro Shop 180,724 159,600 (21,124)173,978 (6,746) 13,508 13,922 414 13,171 (336)COGS ‐ Food 116,548 83,055 (33,493)93,807 (22,740) 3,290 1,979 (1,311)2,791 (498)COGS ‐ Non‐Alcoholic Beverages 19,844 13,130 (6,714)17,624 (2,220) 11,697 11,163 (535)11,697 0 COGS ‐ Alcohol 84,667 78,208 (6,458)77,157 (7,510) ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 55,509 51,589 (3,920)52,888 (2,621)Total Cost of Sales 401,783 333,993 (67,790)362,567 (39,216) ================================================================================= ============================================================= ================ 586,473 505,687 80,787 523,324 63,149 GROSS INCOME 4,437,853 3,715,228 722,625 4,032,482 405,370 Labor 46,322 41,027 (5,295)47,071 750 Golf Operation Labor 379,150 357,589 (21,562)359,078 (20,072) 11,853 10,063 (1,791)8,945 (2,908)General and Administrative 114,610 104,625 (9,985)100,185 (14,425) 73,257 68,861 (4,397)70,319 (2,938)Maintenance and Landscaping 739,177 690,383 (48,794)658,056 (81,121) 28,247 24,803 (3,444)29,345 1,098 F&B 284,721 229,074 (55,647)238,232 (46,489) 7,903 6,158 (1,745)2,969 (4,935)Sales and Marketing 78,816 70,133 (8,683)72,505 (6,311) ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 167,583 150,911 (16,671)158,649 (8,933)Total Direct Labor 1,596,474 1,451,803 (144,671)1,428,056 (168,417) 13,526 13,582 56 6,794 (6,732)Total Payroll Taxes 129,603 130,662 1,059 124,476 (5,127) 10,730 13,800 3,070 11,431 701 Total Medical/Health Benefits 103,076 92,300 (10,776)103,199 123 2,340 2,215 (125)2,225 (115)Total Workmans Comp 22,776 19,850 (2,926)20,402 (2,374) ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 26,597 29,597 3,000 20,451 (6,146)Total Payroll Burden 255,455 242,812 (12,643)248,077 (7,378) ================================================================================= ============================================================= ================ 194,180 180,509 (13,671)179,100 (15,079)Total Labor 1,851,929 1,694,616 (157,313)1,676,133 (175,796) Other Operational Expenses 9,861 3,119 (6,742)3,439 (6,422)Golf Ops 76,224 58,658 (17,566)57,237 (18,987) 17,595 13,345 (4,250)18,947 1,352 G&A 117,318 136,081 18,763 149,862 32,544 29,008 25,468 (3,540)26,005 (3,003)Maintenance 549,156 588,955 39,800 566,891 17,736 3,678 3,400 (278)5,803 2,125 F&B 38,963 36,905 (2,058)32,365 (6,599) 3,883 2,750 (1,133)4,870 987 Sales and Marketing 42,718 23,075 (19,643)46,172 3,454 13,259 13,259 0 13,259 0 Golf Cart Leases 132,588 132,590 2 121,682 (10,906) 298 298 (0)298 0 Equipment Leases 2,981 2,980 (1)2,683 (298) 50,988 95,642 44,654 33,835 (17,153)Utilities ‐ Maintenance 838,720 763,095 (75,625)521,107 (317,613) 17,295 15,100 (2,195)15,385 (1,910)Utilities ‐ G&A 183,675 150,950 (32,725)162,381 (21,294) 10,612 10,612 (0)10,404 (208)Management Fees 106,121 106,120 (1)104,040 (2,081) 6,408 4,000 (2,408)2,276 (4,132)Insurance ‐ P&C 28,417 51,000 22,583 50,472 22,055 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 162,884 186,993 24,109 134,521 (28,364)Total Other Operational Expenses 2,116,880 2,050,409 (66,471)1,814,892 (301,988) ================================================================================= ============================================================= ================ 357,064 367,502 10,438 313,621 (43,443)Total Expenses 3,968,809 3,745,025 (223,784)3,491,025 (477,783) ================================================================================= ============================================================= ================ 229,409 138,185 91,224 209,703 19,706 EBITDAR 469,044 (29,797)498,841 541,457 (72,413) ================================================================================= ============================================================= ================ 229,409 138,185 91,224 209,703 19,706 EBITDA 469,044 (29,797)498,841 541,457 (72,413) Interest Expense/Dep&Amt (30,164)0 30,164 0 30,164 Other Expense (330,002)0 330,002 0 330,002 0 0 0 0 0 Capital Improvements/Cap Reserve 0 0 0 27,500 27,500 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ (30,164)0 30,164 0 30,164 Total Interest Expense (330,002)0 330,002 27,500 357,502 ================================================================================= ============================================================= ================ 259,573 138,185 121,388 209,703 49,870 Net Income 799,045 (29,797)828,842 513,957 285,089 El Conquistador Golf Club For the Month Ending April 30th, 2024 April YTD ATTACHMENT C-3Operating:Through AprBudgetCumulativeFY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY2024 FY 2024 ActualsRevenue36 Hole 500,158            1,883,452          1,798,304     2,171,484     2,367,136    2,593,395    3,522,083   3,674,489   3,856,880      4,038,440      3,553,371        26,405,821          Pusch Ridge‐                     105,370              99,134           59,726           106,184        98,316           ‐                380,375       414,225          466,759          433,565            1,730,089            F&B ‐ Overlook‐                     606,171              708,594         745,766         671,582        554,336        448,782       671,479       725,222          664,438          622,550            5,796,370            Total Revenue500,158               2,594,993             2,606,032        2,976,976        3,144,902       3,246,047       3,970,865   4,726,343   4,996,327      5,169,637      4,609,486        33,932,280          Expenses36 Hole 1,112,252        3,588,714          3,936,889     3,817,932     3,771,706    3,891,341    3,915,216   3,740,982   3,929,757      3,389,272      3,993,980        35,094,061          Pusch Ridge‐                     253,513              256,769         236,160         230,196        287,112         ‐                319,702       390,959          401,487          420,292            2,375,898            F&B ‐ Overlook‐                     861,740              823,383         841,866         785,499        701,538        440,382       630,509       596,910          579,833          550,992            6,261,660            Total Expenses1,112,252           4,703,967             5,017,041        4,895,958        4,787,401       4,879,991       4,355,598   4,691,193   4,917,626      4,370,592      4,965,264        43,731,619          Profit/(Loss)36 Hole (612,094)             (1,705,262)            (2,138,585)       (1,646,448)       (1,404,570)      (1,297,946)      (393,133)      (66,493)        (72,877)           649,169          (440,609)           (8,688,239)           Pusch Ridge‐                        (148,143)               (157,635)          (176,434)           (124,012)         (188,796)          ‐                60,673         23,266            65,272            13,273              (645,809)              F&B ‐ Overlook‐                        (255,569)               (114,789)          (96,100)             (113,917)         (147,202)         8,400            40,970         128,312          84,605            71,558              (465,290)              Total Operating Profit/(Loss)(612,094)             (2,108,974)            (2,411,009)       (1,918,982)       (1,642,499)      (1,633,944)      (384,733)      35,150         78,701            799,046          (355,778)           (9,799,338)           Capital Investments45,116                   47,909              29,464              ‐                         ‐                        131,035       2,828,061   4,619,904      2,171,042      2,745,000 9,872,531            Initial purchase (1)300,000                 350,000            350,000            ‐                         ‐                        ‐                 ‐                 ‐                    ‐                    ‐                     1,000,000            Notes: (1) $1,000,000 original purchase of courses and community center1/2 cent sales tax 506,710               2,030,750             2,199,466        2,330,941        2,463,034       2,584,916       2,947,420   3,535,507   3,707,578      3,155,376      3,726,016        25,461,698          HOA contributions‐                         ‐                           ‐                      ‐                      ‐                     ‐                    125,000       159,050       159,050          159,050          159,050            602,150                POST AGREEMENTPRE AGREEMENTTown of Oro ValleyGolf AnalysisATTACHMENT  C‐3PAGE 1 OF 2 ATTACHMENT C-3Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunFY 2022Gross Income 229,456          231,657          245,357          246,063          421,446          388,213          469,675          503,028          597,798          492,033          313,725          219,663          Expenses 323,615          307,066          422,292          453,613          328,298          269,604          317,597          347,338          337,511          371,044          351,526          521,466          Net Income/(Loss) (94,159)           (75,408)           (176,935)         (207,550)         93,147            118,609          152,078          155,690          260,286          120,989          (37,801)           (301,802)         FY 2023Gross Income 218,180          210,232          258,241          252,747          499,632          394,901          472,032          541,889          636,010          523,324          315,175          231708Expenses 306,974          296,210          432,727          576,529          322,700          297,856          310,847          307,918          355,497          313,621          429,007          558,232          Net Income/(Loss) (88,794)           (85,978)           (174,487)         (323,782)         176,932          97,044            161,185          233,971          280,512          209,703          (113,832)         (326,524)         FY 2024Gross Income 213,698          225,040          295,419          332,783          495,412          480,305          525,109          589,339          694,275          586,473          Expenses 406,558          333,614          420,523          454,504          412,959          349,298          308,213          291,616          334,623          326,900          Net Income/(Loss) (192,860)         (108,573)         (125,103)         (121,721)         82,453            131,007          216,896          297,723          359,652          259,573           ‐                    ‐                   Town of Oro ValleyGolf Analysis ‐ Contractor Financials ‐ 200,000 400,000 600,000 800,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Gross Income by Month ‐Total Golf OperationsFY 2022FY 2023FY 2024 ‐ 200,000 400,000 600,000 800,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Total Expenses by Month ‐Total Golf OperationsFY 2022FY 2023FY 2024 (400,000) (200,000) ‐ 200,000 400,000Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May JunComparison of Net Income/(Loss) by Month ‐Total Golf OperationsFY 2022FY 2023FY 2024ATTACHMENT C‐3PAGE 2 0F 2 ATTACHMENT DConsolidated Year-to-Date Financial Report through April 2024FY 2023/2024FundFY 23/24Beginning BalanceRevenueOther Fin Sources/Transfers InTotal In Personnel O&M CapitalDebt ServiceOther Fin Uses/ Transfers OutTotal OutFund Balance Through April 2024General Fund 23,798,492 48,636,130 48,636,130 27,659,790 10,850,488 304,463 9,636,644 48,451,385 23,983,237 Highway Fund 878,932 3,615,887 1,500,000 5,115,887 993,243 682,810 3,597,839 5,273,892 720,927 Grants and Contributions Fund 162,207 1,815,292 1,815,292 11,950 32,943 1,078,320 522,701 1,645,915 331,584 Seizure & Forfeiture - Justice/State 230,193 104,125 104,125 36,068 36,068 298,250 Community Center Fund 1,008,233 9,783,434 9,783,434 905,405 4,846,584 1,226,101 1,717,203 8,695,293 2,096,375 Municipal Debt Service Fund 273,719 158,076 3,902,708 4,060,784 9,626 4,027,853 4,037,480 297,023 Water Resource System & Dev. Impact Fee Fund 18,419,840 2,142,480 2,142,480 80,655 5,988,018 73,005 6,141,678 14,420,641 Townwide Roadway Dev Impact Fee Fund 2,188,554 294,063 294,063 377 377 2,482,240 Parks & Recreation Impact Fee Fund 671,640 98,206 98,206 176 600,000 600,176 169,670 Police Impact Fee Fund 64,727 44,574 44,574 50 46,553 46,603 62,698 Capital Fund 24,550,287 1,816,496 7,500,000 9,316,496 224,535 5,931 14,435,999 1,500,000 16,166,464 17,700,319 PAG/RTA Fund 808,007 215,814 215,814 22,042 443,610 465,652 558,169 Water Utility 12,293,771 18,343,220 522,701 18,865,921 2,887,692 7,539,808 1,332,345 3,472,635 2,308 15,234,788 15,924,904 Stormwater Utility923,112 1,317,182 1,317,182 763,456 288,837 50,700 1,102,992 1,137,302 Benefit Self Insurance Fund 2,895,866 3,597,148 3,597,148 3,252,323 3,252,323 3,240,691 Recreation In-Lieu Fee Fund 17,216 772 772 - 17,988 Total 89,184,796 91,982,897 13,425,409 105,408,306 33,446,071 27,648,718 29,057,395 7,573,493 13,425,409 111,151,087 83,442,015 ATTACHMENT EGeneral Fund Local Sales Tax Collections FY 2023/24JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALConstruction Sales Tax566,321 609,737 391,196 422,231 488,917 493,394 486,229 411,515 164,695 578,910 4,613,145 Utility Sales Tax250,515 368,788 435,027 373,297 365,463 336,739 321,251 411,797 336,202 217,994 3,417,073 Retail Sales Tax728,452 730,517 682,418 725,728 645,288 841,754 1,049,364 772,676 735,897 833,289 7,745,384 Bed Tax144,726 137,921 139,535 141,666 163,605 153,950 115,408 326,484 83,195 279,300 1,685,790 Restaurant & Bar Sales Tax192,259 193,105 215,297 223,296 212,172 217,665 234,122 232,257 227,823 298,144 2,246,141 All Other Local Sales Tax *218,097 226,809 233,029 260,403 345,752 259,882 253,288 323,686 225,166 305,031 2,651,143 Monthly Total 2,100,370$ 2,266,876$ 2,096,503$ 2,146,622$ 2,221,197$ 2,303,384$ 2,459,664$ 2,478,415$ 1,772,979$ 2,512,668$ 22,358,676$ Cumulative Total 2,100,370$ 4,367,246$ 6,463,748$ 8,610,370$ 10,831,567$ 13,134,951$ 15,594,615$ 18,073,030$ 19,846,008$ 22,358,676$ -$ Monthly variance (63,193)$ 130,347$ (7,816)$ 27,123$ 154,685$ 46,257$ (112,892)$ 334,084$ (480,201)$ 99,431$ Cumulative variance(63,193)$ 67,154$ 59,338$ 86,460$ 241,146$ 287,402$ 174,510$ 508,594$ 28,393$ 127,824$ FY 2022/23JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALConstruction Sales Tax 586,039 575,738 540,567 518,177 382,338 478,496 580,594 364,554 331,226 376,895 358,367 432,766 5,525,757 Utility Sales Tax317,210 371,973 356,012 334,868 295,825 266,797 293,200 333,721 320,870 270,869 245,486 302,123 3,708,954 Retail Sales Tax 716,720 680,117 691,138 713,672 729,067 838,562 995,470 705,424 711,636 806,316 786,447 755,079 9,129,647 Bed Tax 146,263 128,132 114,626 142,628 213,392 186,186 165,540 256,564 320,963 362,494 207,226 226,474 2,470,488 Restaurant & Bar Sales Tax 186,438 180,577 199,405 204,482 205,881 227,422 246,520 215,557 281,190 281,567 256,102 236,540 2,721,681 All Other Local Sales Tax *210,893 199,992 202,571 205,672 240,009 259,665 291,232 268,511 287,294 315,096 259,556 258,710 2,999,201 Monthly Total 2,163,563$ 2,136,529$ 2,104,319$ 2,119,499$ 2,066,512$ 2,257,128$ 2,572,556$ 2,144,331$ 2,253,179$ 2,413,237$ 2,113,184$ 2,211,693$ 26,555,729$ Cumulative Total2,163,563$ 4,300,092$ 6,404,411$ 8,523,910$ 10,590,421$ 12,847,549$ 15,420,105$ 17,564,436$ 19,817,615$ 22,230,852$ 24,344,036$ 26,555,729$ *Does not include cable franchise fees or sales tax audit revenues ATTACHMENT FGeneral Fund State Shared RevenuesFY 2023/24JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALState Shared Income Tax 1,064,957 1,064,957 1,064,957 1,064,957 1,064,957 1,064,957 1,064,957 1,064,957 1,064,957 1,064,957 10,649,568 State Shared Sales Tax 585,790 598,642 580,255 602,020 587,629 599,429 695,594 581,121 577,773 652,448 6,060,702 County Auto Lieu 189,254 220,268 179,819 201,993 183,567 183,086 222,892 194,548 235,310 214,074 2,024,812 Smart and Safe- - - - - 136,194 - - - - 136,194 Monthly Total 1,840,001$ 1,883,868$ 1,825,032$ 1,868,970$ 1,836,152$ 1,983,666$ 1,983,443$ 1,840,626$ 1,878,040$ 1,931,479$ 18,871,277$ Cumulative Total 1,840,001$ 3,723,869$ 5,548,900$ 7,417,870$ 9,254,023$ 11,237,689$ 13,221,132$ 15,061,758$ 16,939,798$ 18,871,277$ Monthly variance 677,489$ 462,516$ 193,669$ 356,835$ (14,336)$ 348,734$ 784,294$ (107,085)$ 193,706$ 327,451$ (1,739,561)$ Cumulative variance 677,489$ 1,140,005$ 1,333,673$ 1,690,508$ 1,676,173$ 2,024,907$ 2,809,201$ 2,702,116$ 2,895,822$ 3,223,273$ (18,969,634)$ FY 2022/23JULAUGSEPOCTNOVDECJANFEBMARAPRMAYJUNTOTALState Shared Income Tax 756,893 756,894 756,893 756,893 756,893 756,893 756,895 756,893 756,893 756,894 756,894 756,893 9,082,721 State Shared Sales Tax 308,350 462,557 664,529 559,547 823,170 575,594 246,387 1,007,946 568,981 656,403 601,331 602,722 7,077,517 County Auto Lieu 97,269 201,901 209,941 195,695 270,425 175,823 195,867 182,872 267,340 190,731 217,316 216,309 2,421,489 Smart and Safe- - - - - 126,622 - - - - - 145,164 271,786 Opioid Settlement- - - - - - - - 91,120 - 6,528 18,472 116,120 Monthly Total 1,162,512$ 1,421,352$ 1,631,363$ 1,512,135$ 1,850,488$ 1,634,932$ 1,199,149$ 1,947,711$ 1,684,334$ 1,604,028$ 1,582,069$ 1,739,561$ 18,969,634$ Cumulative Total 1,162,512$ 2,583,864$ 4,215,227$ 5,727,362$ 7,577,850$ 9,212,782$ 10,411,931$ 12,359,642$ 14,043,976$ 15,648,004$ 17,230,073$ 18,969,634$    Budget and Finance Commission 3. Meeting Date:06/18/2024   Submitted By:David Gephart, Finance SUBJECT: PRESENTATION, REVIEW AND POSSIBLE DISCUSSION OF FY2024/2025 BUDGET RECOMMENDATION: N/A EXECUTIVE SUMMARY: On June 5, 2024, the Town Council adopted the Tentative Budget and set the maximum expenditure limitation for Fiscal Year 2024/25 in the amount of $151,135,253. The Steam Pump Ranch Farmers Market Shade Structure CIP project was adjusted upward by $89,295 to include capacity for the amount covered by insurance proceeds. Capital Fund Contingency was conversely reduced by $89,295 to not exceed the expenditure limitation. Additionally, WIFA grant revenues were transferred from the Water Utility Fund to the WRSDIF Fund. No changes are recommended from the Tentative Budget appropriation amount. BACKGROUND OR DETAILED INFORMATION: Budget study sessions were held with Town Council on May 8 and May 9, 2024, where the FY2025 Town Manager's Recommended Budget was discussed and various departmental presentations were made.  The recommended budget totaled $156,387,080. On June 5, 2024, the FY2025 Tentative Budget was presented and a public hearing was held.  Various adjustments were made to the Town Manager's Recommended Budget, bringing the proposed Tentative Budget down to $151,210,253.  A complete reconciliation has been attached to this report.  After an additional $75,000 adjustment, Town Council adopted a FY2025 Tentative Budget of $151,135,253. At the Town Council meeting tomorrow evening, Town Council will consider final adoption of the FY2025 budget, along with the 10-year CIP and the FY2025 pay plan.  No changes in the final appropriation amount from the adopted Tentative Budget are being recommended. FISCAL IMPACT: N/A - this item is for discussion only SUGGESTED MOTION: N/A Attachments Changes from Town Manager's Recommended Budget  Auditor General Schedules  FY2025 CIP  FY25 Tentative Budget Presentation  FY 24/25 Manager's Recommended Budget $156,387,080 Refinement of personnel budget amounts (378)                              Removed duplicated software costs in PD/IT (11,900)                         Refinement of personnel budget amounts (483)                              Removed carryover for Transit vehicles received in FY24 (1,034,589)                   Refinement of personnel budget amounts 55,215                          Reduced carryover for CRC Restaurant Cooler/Freezer Modernization and Floor Repair (10,000)                         NWRRDS (Partnered) Pipeline Construction ‐ Transmission Main  ‐ moved costs from FY26 into FY 6,100,000                    Reduced carryover for the La Posada Well Equiping CIP project (16)                                Reduced contingency reserve (11,500,000)                 Added Police Facility Programming project to CIP 400,000                        Added back the PR032 Steam Pump Ranch ‐ Solar Lighting CIP project from contingency 71,000                          Added new Annual Sidewalk Program CIP project 75,000                          Increased Community Center Elevator and Entryway Improvements CIP projet 411,417                        Increased SPR Farmers Market Structure CIP project 239,705                        Refinement of personnel budget amounts (86)                                Water Utility Fund Refinement of personnel budget amounts 28,288                          Total Change (5,176,827)                   FY 24/25 Tentative Budget $151,210,253 Capital Fund Stormwater Utility Fund Grants and Contributions Fund Changes from Recommended Budget of $156.4M General Fund Community Center Fund Highway Fund Water Resource Impact Fee Fund Official Budget Forms Town of Oro Valley Fiscal year 2025 6/23 Arizona Auditor General Official City/Town Budget Forms Schedule B—Tax levy and tax rate information Schedule G—Full-time employees and personnel compensation Schedule C—Revenues other than property taxes Schedule D—Other financing sources/(uses) and interfund transfers Schedule E—Expenditures/expenses by fund Schedule F—Expenditures/expenses by department (as applicable) Town of Oro Valley Table of Contents Fiscal year 2025 Resolution for the adoption of the budget Schedule A—Summary Schedule of estimated revenues and expenditures/expenses 6/23 Arizona Auditor General Official City/Town Budget Forms Fiscal yearGeneral FundSpecial Revenue Funds Debt Service FundCapital Projects FundsEnterprise Funds AvailableInternal Service Funds Total all funds2024 Adopted/adjusted budgeted expenditures/expenses* E154,909,909 20,578,425 4,137,854 40,569,057 23,504,295 4,789,851 148,489,391 2024 Actual expenditures/expenses** E249,106,224 18,102,223 4,037,354 29,821,083 21,895,847 4,323,050 127,285,781 2025Beginning fund balance/(deficit) or net position/(deficit) at July 1*** 320,755,916 2,296,079 394,199 33,026,844 9,451,490 2,821,346 68,745,874 2025 Primary property tax levyB4- - 2025 Secondary property tax levy B5- 2025 Estimated revenues other than property taxes C657,106,788 19,865,140 254,975 18,164,597 31,271,500 4,746,753 131,409,753 2025 Other financing sources D7- - - - - - - 2025 Other financing (uses) D8- - - - - - - 2025 Interfund transfers in D9- 6,299,905 3,900,379 13,999,787 - - 24,200,071 2025 Interfund Transfers (out) D109,403,341 1,717,149 - 6,217,248 6,862,333 - 24,200,071 2025Line 11: Reduction for fund balance reserved for future budget year expenditures Maintained for future debt retirement- Maintained for future capital projects- Maintained for future financial stability- 2025 Total financial resources available1268,459,363 26,743,975 4,549,553 58,973,980 33,860,657 7,568,099 200,155,627 2025Budgeted expenditures/expensesE1353,102,838 25,593,281 4,130,354 39,764,813 23,297,214 5,246,753 151,135,253 Expenditure limitation comparison 2024 20251Budgeted expenditures/expenses148,489,391$ 151,135,253$ 2Add/subtract: estimated net reconciling items3Budgeted expenditures/expenses adjusted for reconciling items 148,489,391 151,135,253 4Less: estimated exclusions5Amount subject to the expenditure limitation148,489,391$ 151,135,253$ 6EEC expenditure limitation 165,078,676$ 170,938,815$ X******Amounts on this line represent beginning fund balance/(deficit) or net position/(deficit) amounts except for nonspendable amounts (e.g., prepaids and inventories) or amounts legally or contractually required to be maintained intact (e.g., principal of a permanent fund).SchFundsIncludes expenditure/expense adjustments approved in the current year from Schedule E. The city/town does not levy property taxes and does not have special assessment districts for which property taxes are levied. Therefore, Schedule B has been omitted.11Town of Oro ValleySummary Schedule of estimated revenues and expenditures/expensesFiscal year 2025Includes actual amounts as of the date the proposed budget was prepared, adjusted for estimated activity for the remainder of the fiscal year.6/23 Arizona Auditor GeneralSchedule AOfficial City/Town Budget Forms Estimated revenues Actual revenues* Estimated revenues 2024 2024 2025 General Fund Local taxes Local Sales Tax $ 25,633,318 $ 26,743,064 $ 27,993,025 Cable Franchise Tax 765,000 723,030 715,800 Licenses and permits Licenses 205,000 205,000 200,200 Permits 1,364,118 1,658,582 1,357,707 Fees 148,000 125,000 115,115 Intergovernmental State/County Shared 22,953,222 22,911,519 20,432,937 State Grants 75,000 147,486 150,567 Federal Grants 582,415 322,265 509,415 Reimbursements 1,869,500 1,869,500 1,981,555 Charges for services Reimbursements 194,400 125,000 155,000 Fees 1,002,558 956,741 994,128 Other 2,007,288 1,769,515 1,817,339 Fines and forfeits Fines 125,000 60,000 55,000 Interest on investments Interest Income 300,000 550,000 400,000 Miscellaneous Miscellaneous 263,000 555,527 229,000 Total General Fund $ 57,487,819 $ 58,722,229 $ 57,106,788 * Town of Oro Valley Revenues other than property taxes Fiscal Year 2025 Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. Source of revenues 6/23 Arizona Auditor General Schedule C Official City/Town Budget Forms Estimated revenues Actual revenues* Estimated revenues 2024 2024 2025 Town of Oro Valley Revenues other than property taxes Fiscal Year 2025 Source of revenues Special revenue funds Highway User Revenue Fund Highway User Fuel Tax $ 4,334,608 $ 4,200,000 $ 4,283,146 Permits 25,000 23,000 25,000 Interest Income 70,000 170,000 150,000 Other 3,000 14,826 3,000 $ 4,432,608 $ 4,407,826 $ 4,461,146 Grants and Contributions Fund Federal Grants $ 2,604,300 $ 2,813,297 $ 3,209,195 State Grants 223,400 223,400 853,400 Interest Income 25,000 25,000 25,000 Miscellaneous 560,000 13,000 526,000 $ 3,412,700 $ 3,074,697 $ 4,613,595 Services and Forfeitures Seizures and Forfeitures $ 100,000 $ 100,000 $ 100,000 Interest Income 3,000 10,000 5,000 $ 103,000 $ 110,000 $ 105,000 Community Center Fund Local Sales Tax $ 3,726,016 $ 3,826,601 $ 3,879,440 Charges for Services 5,785,386 6,609,745 6,626,727 Interest Income 35,000 35,000 16,682 Other 162,050 164,068 162,550 $ 9,708,452 $ 10,635,414 $ 10,685,399 Total special revenue funds $ 17,656,760 $ 18,227,937 $ 19,865,140 * Debt service funds Municipal Debt Service Fund Federal Grants $ 25,146 $ 25,146 $ 19,975 Interest Income 60,000 135,000 135,000 Miscellaneous 100,000 94,980 100,000 $ 185,146 $ 255,126 $ 254,975 Total debt service funds $ 185,146 $ 255,126 $ 254,975 Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. 6/23 Arizona Auditor General Schedule C Official City/Town Budget Forms Estimated revenues Actual revenues* Estimated revenues 2024 2024 2025 Town of Oro Valley Revenues other than property taxes Fiscal Year 2025 Source of revenues Capital projects funds Water Rescources Development Impact Fee Fund Development Impact Fees $ 903,349 $ 1,854,066 $ 1,270,841 Interest Income 150,000 275,000 275,000 Federal Grants 1,638,383 Loan Proceeds 12,000,000 $ 1,053,349 $ 2,129,066 $ 15,184,224 Townwide Roadway Development Impact Fee Fund Development Impact Fees $ 286,810 $ 245,680 $ 230,027 Interest Income 15,000 38,000 38,000 $ 301,810 $ 283,680 $ 268,027 Parks and Recreation Impact Fee Fund Development Impact Fees $ 133,280 $ 72,000 $ 160,464 Interest Income 4,500 15,000 15,000 $ 137,780 $ 87,000 $ 175,464 Police Impact Fee Fund Development Impact Fees $ 39,034 $ 40,000 $ 44,035 Interest Income 200 350 350 $ 39,234 $ 40,350 $ 44,385 Capital Fund Miscellaneous $ 1,007,540 $ 1,032,540 $ 1,048,490 State Grants 620,000 620,000 1,000,000 Interest Income 100,000 500,000 348,382 $ 1,727,540 $ 2,152,540 $ 2,396,872 PAG/RTA Fund State Grants $ 30,000 $ 751,574 $ 17,000 Other 28,125 28,125 28,125 Interest Income 7,000 65,000 50,000 $ 65,125 $ 844,699 $ 95,125 Recreation in Lieu Fee Fund Interest Income $ 100 $ 500 $ 500 $ 100 $ 500 $ 500 Total capital projects funds $ 3,324,938 $ 5,537,835 $ 18,164,597 * Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. 6/23 Arizona Auditor General Schedule C Official City/Town Budget Forms Estimated revenues Actual revenues* Estimated revenues 2024 2024 2025 Town of Oro Valley Revenues other than property taxes Fiscal Year 2025 Source of revenues Enterprise funds Water Utility Fund Water Sales $ 16,060,000 $ 16,000,000 $ 18,000,000 Charges for Services 3,200,500 3,227,028 3,424,000 Interest Income 100,000 205,000 100,000 Loan Proceeds 8,000,000 Miscellaneous 38,751 $ 19,360,500 $ 19,470,779 $ 29,524,000 Stormwater Utility Fund Charges for Services $ 1,501,500 $ 1,522,983 $ 1,518,500 Interest Income 10,000 19,000 19,000 Federal Grants 210,000 210,000 $ 1,721,500 $ 1,541,983 $ 1,747,500 Total enterprise funds $ 21,082,000 $ 21,012,762 $ 31,271,500 * Internal service funds Benefit Self Insurance Fund Interest Income $ 25,000 $ 50,000 $ 50,000 Miscellaneous 4,264,851 4,198,531 4,696,753 $ 4,289,851 $ 4,248,531 $ 4,746,753 Total internal service funds $ 4,289,851 $ 4,248,531 $ 4,746,753 Total all funds $ 104,026,514 $ 108,004,420 $ 131,409,753 * Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. Includes actual revenues recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated revenues for the remainder of the fiscal year. 6/23 Arizona Auditor General Schedule C Official City/Town Budget Forms Fund Sources(Uses)In(Out)General FundTransfer to Capital Fund$$$$7,139,787Transfer to Grants Fund125,375Transfer to Debt Service Fund2,138,179Total General Fund$$$$9,403,341Special revenue fundsGrants and Contributions Fund $ $ $ 2,299,905 $Community Center Fund1,717,149Highway Fund 4,000,000Total special revenue funds$ $ $ 6,299,905 $ 1,717,149Debt service fundsMunicipal Debt Service Fund $ $ $ 3,900,379 $Total debt service funds$ $ $ 3,900,379 $Capital projects fundsWater Resource Impact Fee Fund $ $ $ 6,860,000 $Police Impact Fee Fund42,718Capital Fund7,139,787 6,174,530Total capital projects funds$ $ $ 13,999,787 $ 6,217,248Enterprise fundsWater Utility Fund$$$$6,862,333Total enterprise funds$$$$6,862,333Total all funds$ $ $ 24,200,071 $ 24,200,0712025 2025Town of Oro ValleyOther financing sources/(uses) and interfund transfersFiscal year 2025Other financing Interfund transfers6/23 Arizona Auditor General Schedule D Official City/Town Budget Forms Adopted budgeted expenditures/ expenses Expenditure/ expense adjustments approved Actual expenditures/ expenses* Budgeted expenditures/ expenses Fund/Department 2024 2024 2024 2025 General Fund Council $ 209,203 $ $ 209,203 $ 241,102 Clerk 419,897 410,155 564,954 Town Manager's Office 1,638,716 1,619,979 1,742,926 Human Resources 590,520 665,521 764,005 Finance 850,456 820,840 867,767 Information Technology 6,271,309 5,852,943 6,022,838 Non Departmental 2,555,536 2,555,536 3,048,603 Legal 1,132,503 1,096,391 1,175,969 Community & Economic Development 3,882,445 3,282,779 4,289,037 Parks & Recreation 4,664,040 79,100 4,490,331 4,782,096 Police 20,410,591 26,000 20,332,453 19,535,523 Town Court 1,010,662 965,777 1,123,551 Public Works 6,763,736 6,804,316 6,944,467 Contingency Reserve 5,000,000 (594,805) 2,000,000 Total General Fund $ 55,399,614 $(489,705)$ 49,106,224 $ 53,102,838 Special revenue funds Highway User Revenue Fund $ 6,668,791 $ $ 6,422,580 $ 8,296,303 Grants and Contributions Fund 4,769,152 3,186,608 6,885,100 Seizures and Forfeitures 200,000 35,000 380,195 Community Center Fund 8,940,482 8,458,035 10,031,683 Total special revenue funds $ 20,578,425 $ $ 18,102,223 $ 25,593,281 Debt service funds Municipal Debt Service Fund $ 4,137,854 $ $ 4,037,354 $ 4,130,354 Total debt service funds $ 4,137,854 $ $ 4,037,354 $ 4,130,354 Capital projects funds Water Resources Dev Impact Fee Fun $ 12,453,300 $ $ 9,337,876 $ 27,203,135 Townwide Roadway Impact Fee Fund 306,429 1,000 400,000 Parks and Recreation Impact Fee Fund 788,000 603,000 185,000 Police Impact Fee Fund 50,857 50 50,000 Recreation in Lieu Fee Fund 16,610 18,216 Capital Fund 25,876,156 489,705 19,410,922 11,738,462 PAG/RTA Fund 588,000 468,235 170,000 Total capital projects funds $ 40,079,352 $ 489,705 $ 29,821,083 $ 39,764,813 Enterprise funds Water Utility Enterprise Fund $ 21,431,834 $ $ 20,434,131 $ 20,867,610 Stormwater Utility Enterprise Fund 2,072,461 1,461,716 2,429,604 Total enterprise funds $ 23,504,295 $ $ 21,895,847 $ 23,297,214 Internal service funds Benefit Self Insurance Fund $ 4,789,851 $ $ 4,323,050 $ 5,246,753 Total internal service funds $ 4,789,851 $ $ 4,323,050 $ 5,246,753 Total all funds $ 148,489,391 $ $ 127,285,781 $ 151,135,253 * Expenditures/expenses by fund Fiscal year 2025 Town of Oro Valley Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year. 6/23 Arizona Auditor General Schedule E Official City/Town Budget Forms Adopted budgeted expenditures/ expenses Expenditure/ expense adjustments approved Actual expenditures/ expenses* Budgeted expenditures/ expenses 2024 2024 2024 2025 Council General Fund $ 209,203 $ $ 209,203 $ 241,102 Department total $ 209,203 $ $ 209,203 $ 241,102 Clerk General Fund $ 419,897 $ $ 410,155 $ 564,954 Department total $ 419,897 $ $ 410,155 $ 564,954 Town Manager General Fund $ 1,638,716 $ $ 1,619,979 $ 1,742,926 Department total $ 1,638,716 $ $ 1,619,979 $ 1,742,926 Human Resources General Fund $ 590,520 $ $ 665,521 $ 764,005 Department total $ 590,520 $ $ 665,521 $ 764,005 Finance General Fund $ 850,456 $ $ 820,840 $ 867,767 Department total $ 850,456 $ $ 820,840 $ 867,767 InformationTechnology General Fund $ 6,271,309 $ $ 5,852,943 $ 6,022,838 Department total $ 6,271,309 $ $ 5,852,943 $ 6,022,838 Non Departmental General Fund $ 2,555,536 $ $ 2,555,536 $ 3,048,603 General Fund - Contingency Reserve 5,000,000 (594,805) 2,000,000 Grants & Contributions Fund 1,100,000 100,000 800,000 Municipal Debt Service Fund 4,137,854 4,037,354 4,130,354 Benefits Self Insurance Fund 4,789,851 4,323,050 5,246,753 Capital Fund 25,621,391 489,705 19,134,306 11,738,462 Department total $ 43,204,632 $(105,100)$ 30,150,246 $ 26,964,172 Legal General Fund $ 1,132,503 $ $ 1,096,391 $ 1,175,969 Department total $ 1,132,503 $ $ 1,096,391 $ 1,175,969 Community and Economic Development General Fund $ 3,882,445 $ $ 3,282,779 $ 4,289,037 Department total $ 3,882,445 $ $ 3,282,779 $ 4,289,037 Parks and Recreation General Fund $ 4,664,040 $ 79,100 $ 4,490,331 $ 4,782,096 Grants & Contributions Fund 673,718 256,336 4,000,000 Parks & Recreation Impact Fee Fund 788,000 603,000 185,000 Recreation in Lieu Fee Fund 16,610 18,216 Community Center Fund 8,940,482 8,458,035 10,031,683 Department total $ 15,082,850 $ 79,100 $ 13,807,702 $ 19,016,995 Police General Fund $ 20,410,591 $ 26,000 $ 20,332,453 $ 19,535,523 Grants & Contributions Fund 490,500 350,500 562,450 Seizures and Forfeitures 200,000 35,000 380,195 Police Impact Fee Fund 50,857 50 50,000 Department total $ 21,151,948 $ 26,000 $ 20,718,003 $ 20,528,168 Town Court General Fund $ 1,010,662 $ $ 965,777 $ 1,123,551 Department total $ 1,010,662 $ $ 965,777 $ 1,123,551 Public Works General Fund $ 6,763,736 $ $ 6,804,316 $ 6,944,467 Grants & Contributions Fund 2,504,934 2,479,772 1,522,650 Highway Fund 6,668,791 6,422,580 8,296,303 Stormwater Utility Fund 2,072,461 1,461,716 2,429,604 PAG/RTA Fund 588,000 468,235 170,000 Townwide Roadway Impact Fee Fund 306,429 1,000 400,000 Capital Fund 254,765 276,616 Department total $ 19,159,116 $ $ 17,914,235 $ 19,763,024 Water Utility Water Utility Fund $ 21,431,834 $ $ 20,434,131 $ 20,867,610 Water Resources Dev Impact Fee Fund 12,453,300 9,337,876 27,203,135 Department total $ 33,885,134 $ $ 29,772,007 $ 48,070,745 * Expenditures/expenses by department Fiscal year 2025 Town of Oro Valley Includes actual expenditures/expenses recognized on the modified accrual or accrual basis as of the date the proposed budget was prepared, plus estimated expenditures/expenses for the remainder of the fiscal year. Department/Fund 6/23 Arizona Auditor General Schedule F Official City/Town Budget Forms Full-time equivalent (FTE)Employee salaries and hourly costs Retirement costs Healthcare costs Other benefit costsTotal estimated personnel compensation2025 2025 2025 2025 2025 2025339.74 $ 25,674,372 $ 4,055,777 $ 3,358,662 $ 2,742,748 $ 35,831,559Highway Fund 12.00 $ 986,134 $ 120,998 $ 125,025 $ 101,641 $ 1,333,798Community Center Fund 23.03 1,048,341 34,048 50,639 89,554 1,222,583Total special revenue funds35.03 $ 2,034,475 $ 155,047 $ 175,664 $ 191,195 $ 2,556,380Water Utility Fund 40.48 $ 2,849,140 $ 346,846 $ 516,877 $ 279,565 $ 3,992,428Stormwater Utility Fund 9.73 738,691 88,563 114,158 77,359 1,018,770Total enterprise funds50.21 $ 3,587,831 $ 435,409 $ 631,035 $ 356,924 $ 5,011,198Total all funds424.97 $ 31,296,678 $ 4,646,233 $ 4,165,360 $ 3,290,867 $ 43,399,137Special revenue fundsEnterprise fundsFundTown of Oro ValleyFull-time employees and personnel compensationFiscal year 2025General Fund6/23 Arizona Auditor General Schedule G Official City/Towns Budget Forms Town of Oro Valley 10-Year Capital Improvement ProgramCIP Project Listing by Category* Denotes a project with carryforward funding from the prior yearFunding Source 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/3410-Year TotalParks & Recreation8,724,907 1,824,500 2,855,000 3,672,800 1,163,000 5,097,000 5,435,000 1,306,000 100,000 100,000 30,278,207ADA/Safety Walkway Concrete Improvements System Wide* Capital Fund150,000150,000Artificial Turf Installation at Community Center Entrance Community Center Fund82,50082,500CC Men's Jacuzzi to Outdoor Accessed Restroom Community Center Fund300,000300,000Community Center Audio System Upgrade Community Center Fund100,000100,000Community Center Elevator and Entryway Improvements* Capital Fund1,976,9071,976,907Community Center Exterior Stucco repair and Painting Community Center Fund195,000195,000Community Center Flat Roof Surface Replacement* Community Center Fund223,000 200,000 200,000 200,000 200,0001,023,000Community Center Parking Lot Reconfigure/Resurface - Bond VE Community Center Fund1,400,0001,400,000CRC Fitness Exterior Window Replacement Community Center Fund100,000100,000CRC Pool Deck and Equipment Renovation Community Center Fund100,000100,000CRC Renovation and Construction Community Center Fund600,000 3,000,000 3,000,0006,600,000CRC Restaurant Cooler/Freezer Modernization and Floor Repair* Community Center Fund65,00065,000Equipment Replacement (Golf Maintenance) - Greenmaster Mowers Community Center Fund 125,000 125,000250,000Equipment Replacement (Golf Maintenance) - Reelmaster Mower Community Center Fund105,000105,000Golf Conquistador Lake Dredging Community Center Fund80,00080,000Golf John Deere Tractor ReplacementCommunity Center Fund125,000125,000Golf Maintenance - Parking Lot Reconstruction Community Center Fund300,000300,000Golf Maintenance Facility Siding Replacement and Exterior Painting Community Center Fund100,000100,000Improved Landscape and Gathering Area at Aquatic CenterCapital Fund330,000330,000James D. Kriegh Park - Egleston Road Connection Parking lot Capital Fund60,000 750,000810,000James D. Kriegh Park - North Area Improvements Capital Fund78,000 975,0001,053,000James D. Kriegh Park - North Parking Lot Improvements Capital Fund375,000375,000James D. Kriegh Park - Racquetball/Basketball Court Conversion Capital Fund22,800 285,000 250,000557,800James D. Kriegh Park Field Lighting Capital Fund50,000 2,000,0002,050,000MUP – Phase II - Naranja Dr. (La Cañada Dr to Naranja Park entrance)* Capital Fund 165,000165,000MUP Big Wash Trailhead Improvements Parks&Rec Impact Fee Fund250,000250,000OVAC Diving Board and Dive Block Replacement Capital Fund136,000136,000OVAC Olympic Pool Heater Replacement Capital Fund500,000500,000OVAC Pool Replastering Capital Fund200,000200,000OVAC Pump Room Upgrades - Phase Two Capital Fund112,000112,000Parks Maintenance Toro Reelmaster Mower Replacement* Capital Fund85,00085,000Pusch Ridge Golf Bridge Replacement* Community Center Fund400,000400,000Pusch Ridge Golf Course Pathway Bank Protection Improvements Stormwater Utility Fund300,000300,000Pusch Ridge Golf Course Pavement Preservation Community Center Fund275,000275,000Pusch Ridge Tennis Bleachers and ADA AccessibilityCommunity Center Fund200,000200,000Pusch Ridge Tennis Court Lighting Replacement Community Center Fund300,000300,000Pusch Ridge Tennis Court Resurfacing Community Center Fund120,000120,000Pusch Ridge Tennis Landscape ImprovementsCommunity Center Fund250,000250,000Riverfront Park - Field Lighting Replacement Capital Fund1,000,0001,000,000Riverfront Park - Parking Lot Expansion Capital Fund60,000 750,000810,000Riverfront Park - Playground Renovation Capital Fund500,000500,000Riverfront Park - ramada over sports courtsCapital Fund22,000 275,000297,000Steam Pump Ranch - Solar Lighting* Capital Fund71,00071,000Steam Pump Ranch Farmer's Market Structure Upgrade* Capital Fund579,000579,000 Town of Oro Valley 10-Year Capital Improvement ProgramCIP Project Listing by Category* Denotes a project with carryforward funding from the prior yearFunding Source 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/3410-Year TotalParks & Recreation (continued)Vistoso Trails Nature Preserve Site Improvements Community Center Fund200,000 200,000 200,000 200,000 200,000 100,000 100,000 100,000 100,000 100,0001,500,000VTNP Revegetation and Beautification Grants Fund4,000,0004,000,0007,810,310 3,404,500 3,862,500 3,732,000 3,972,500 4,595,000 3,667,000 3,799,500 4,101,500 3,906,500 42,851,31050' Towable Lift - Fleet Pool Equipment General Fund67,00067,000680 Fuel Station Renovation Capital Fund450,000450,000680 Maintenance Yard Back-up GeneratorCapital Fund50,000 500,000550,000Annual Sidewalk Program Capital Fund75,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,0001,425,000CRC Golf Maintenance Sewer Connection Community Center Fund125,000125,000Equipment Replacement Program Capital Fund289,500 260,500 368,000 418,500 403,000 204,000 178,500 178,500 178,5002,479,000Facility Maintenance Program General Fund330,700 341,000 352,000 363,000 374,000 386,000 398,000 410,000 423,000 436,0003,813,700Fleet F150 Super Cab EV Capital Fund58,00058,000Fuel Management Software (Gasboy Replacement)* Capital Fund70,00070,000MOC Decommissioning Capital Fund50,00050,000MOC Transit Maintenance Facility - Design Capital Fund38,00038,000MOC Water and Transit flat roof surface replacement Capital Fund70,00070,000Network Storage Capital Fund50,000 50,000100,000Phone System Refresh Capital Fund300,000300,000Server OS Refresh Capital Fund60,000 60,000120,000Streets & Drainage F450 Regular Cab 4X4 Dump Bed Highway Fund105,000105,000Streets & Drainage Tandem Axle Class 8 Truck with Dump body Highway Fund255,000255,000Town Court Expansion* Capital Fund3,000,0003,000,000Town Hall Admin Building A, Remodel I&T area Capital Fund335,000 115,000450,000Town Hall, Building A, Elevator System Modernization Capital Fund75,00075,000Town-Wide Drainage StudyStormwater Utility Fund100,000100,000Traffic Camera Video Recording System* Capital Fund110,000110,000Upgrade Desktop Operating Systems Capital Fund200,000 200,000400,000Vehicle Replacement Program*Capital FundWater Utility FundGrants Fund2,754,610 2,511,000 2,655,000 2,731,000 2,880,000 2,791,000 2,915,000 3,001,000 3,050,000 3,142,00028,430,610VTNP Maintenance Facility Roof Repair and Security Community Center Fund210,000210,000Public Safety660,000660,000PD Evidence Facility HVAC Improvement General Fund160,000160,000Police Facility Programming Capital Fund400,000400,000Replace 911 Recording System General Fund100,000100,000Stormwater665,000 386,445 650,0001,701,445Mutterer's Wash Bank Improvements* Stormwater Utility Fund500,000500,000Oro Valley Country Club Drainage and Pavement Improvement Stormwater Utility Fund300,000300,000Public Storm Sewer Survey and AssessmentStormwater Utility Fund150,000150,000Sierra Wash at Glover Road Culvert and Apron Rehabilitation Stormwater Utility Fund386,445386,445Sierra Wash at Via Mandarina Drainage Improvements* Stormwater Utility Fund365,000365,000Public Facilities, Vehicles & Equipment Town of Oro Valley 10-Year Capital Improvement ProgramCIP Project Listing by Category* Denotes a project with carryforward funding from the prior yearFunding Source 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/3410-Year TotalStreets/Roads6,209,400 7,349,719 6,935,314 19,857,999 18,437,999 29,599,999 30,964,999 13,499,999 10,090,999 12,344,999 155,291,426(RTA) Lambert Lane Widening (Thornydale Rd to Rancho Sonora Dr)PAG/RTA FundRoadway Impact Fee Fund25,000,000 27,000,00052,000,000(RTA) Shannon Road Widening - Lambert Lane to Tangerine RoadPAG/RTA FundRoadway Impact Fee Fund12,000,000 13,000,00025,000,000Annual Bridge Maintenance Program Highway Fund140,000 59,999 59,999 59,999 59,999 59,999 59,999 59,999 59,999 59,999679,991First Ave. Mill & Overlay (CDO Bridge to Tangerine Rd.) Highway Fund1,695,0001,695,000Illuminated Street Signs Highway Fund60,500 62,315122,815La Cañada Bridge Deck RepairHighway Fund1,657,8001,657,800La Cañada Drive Mill/Overlay - CDO Bridge to Lambert Lane Highway Fund1,310,0001,310,000La Cañada Drive Phase III (Naranja Dr. to Tangerine Rd.) Highway Fund678,000678,000La Canada Traffic Signal - Street Improvements (near Lehman Academy) Highway Fund600,000600,000Linda Vista Blvd Safety (Calle Buena Vista to Oracle Rd) PAG/RTA3,121,0003,121,000Magee Road Mill/Overlay - Northern to SR77 Highway Fund591,000591,000Moore Rd La Cholla Blvd Intersection Roadway Impact Fee Fund500,000 1,700,0002,200,000Moore Road Widen (La Cholla Blvd to La Cañada Drive) PAG/RTA9,417,0009,417,000Naranja Dr. Widening ( La Cholla Bl. to 1st Ave.) PAG/RTA3,394,0003,394,000Oracle Rd & Rams Field Intersection Roadway Impact Fee Fund750,000750,000Palisades Road Widening (1st Ave to 1 mile east) PAG/RTA5,886,0005,886,000Pavement Preservation - Non Roadways Capital Fund233,400 115,000 120,000 125,000 130,000 135,000 140,000 145,000 150,000 155,0001,448,400Pavement Preservation - RoadwaysHighway Fund3,150,000 3,245,000 3,343,000 3,444,000 3,548,000 3,655,000 3,765,000 3,878,000 3,995,000 4,115,00036,138,000Pomegranate Drive - Drainage Improvement and Roadway Stabilization Stormwater Utility Fund 183,420183,420Rancho Vistoso & Woodburne Intersection Roadway Impact Fee Fund100,000 750,000850,000Rancho Vistoso Blvd Mill/Overlay (Moore Rd to Tangerine Rd) PAG/RTA1,500,0001,500,000Rancho Vistoso Bridge Deck Repair over Honeybee Wash - Eastbound Highway Fund 750,000750,000Rancho Vistoso Bridge Deck Repair over Honeybee Wash - WestboundGrants FundHighway Fund685,000685,000RV Blvd Mill/Overlay - Honey Bee Wash Bridge to Green Tree Drive Highway Fund 2,034,0002,034,000Tangerine Road Mill/Overlay (La Cañada Dr. to Oracle Rd.) Highway Fund2,600,0002,600,000 Town of Oro Valley 10-Year Capital Improvement ProgramCIP Project Listing by Category* Denotes a project with carryforward funding from the prior yearFunding Source 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/3410-Year TotalWater System28,094,754 11,930,000 1,910,000 2,650,000 2,450,000 1,660,000 1,160,000 1,160,000 1,360,000 1,360,000 53,734,754Big Wash Building Improvements* Water Utility Fund67,88467,884Booster Station HP Tank Replacement Water Utility Fund170,000 170,000 170,000 170,000 170,000 170,000 170,000 170,000 170,0001,530,000Booster Station Rehabilitation Water Utility Fund100,000 370,000 500,000 1,240,000 740,000 250,000 50,000 50,000 250,000 250,0003,800,000Control Systems - SCADA* Water Utility Fund265,000 500,000 500,000 500,000 500,000 500,000 200,000 200,000 200,000 200,0003,565,000El Con/El Camino Diestro main and valve replacement Water Utility Fund160,000160,000La Cañada Booster Station Expansion* Water Impact Fee/ GPF2,220,0002,220,000La Posada Well Equipping* Water Impact Fee/ GPF471,930471,930NWRRDS (Independent) Booster Station at Partnered ReservoirWater Impact Fee/ GPF2,450,000 750,0003,200,000NWRRDS (Independent) E-Zone main interconnect to Tangerine Water Impact Fee/ GPF1,600,0001,600,000NWRRDS (Independent) Pipeline from Partnered Reservoir to indep. Res Water Impact Fee/ GPF 4,000,000 7,200,00011,200,000NWRRDS (Independent) Shannon Road Booster Station Water Impact Fee/ GPF400,000400,000NWRRDS (Partnered) Pipeline Construction - Transmission Main Water Impact Fee/ GPF9,600,0009,600,000NWRRDS (Partnered) Reservoir Construction Water Impact Fee/ GPF4,000,000 1,000,0005,000,000NWRRDS (Partnered) Well Equipping, TRICO power to sites Water Impact Fee/ GPF1,200,000 1,200,0002,400,000Reclaimed Facility Booster Rehabilitation Water Utility Fund320,000320,000Reservoir Rehabilitation Water Utility Fund200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,0002,000,000Steam Pump Well* Water Impact Fee/ GPF543,494543,494Water Meters- New Connections (based on 210 meters per year) Water Utility Fund276,446 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,0001,626,446Well HP Tank Replacement Water Utility Fund170,000 170,000 170,000 170,000 170,000 170,000 170,000 170,000 170,0001,530,000Well Rehabilitation Water Utility Fund220,000 220,000 220,000 220,000 520,000 220,000 220,000 220,000 220,000 220,0002,500,000Grand Total52,164,371 24,895,164 15,562,814 30,562,799 26,023,499 40,951,999 41,226,999 19,765,499 15,652,499 17,711,499 284,517,142 Tentative Budget Fiscal Year 2024/25 Budget Presentation Five Year Forecast - Pessimistic 2 Five Year Forecast - Optimistic 3 Personnel No new FTEs Part-time and reclassifications Pre-hiring for PD Market competitiveness (recruitment & retention) Our history, local comps, DOL Inflation 4 •Tentative Budget totals $151,135,253 •$5,251,827 decrease from the Recommended Budget ($156,387,080) •$2,645,862, or 1.8%, increase from FY 2023/24 Adopted Budget ($148,489,391) •FY24/25 expenditure limitation calculated by Economic Estimates Commission - $170,938,815 •General Fund Budget totals $53,102,838 •$12,278 decrease from the Recommended Budget ($53,115,116) •$2,296,776, or 4.2%, decrease from FY 2023/24 Adopted Budget ($55,399,614) •Tentative Budget brought forward all changes from Manager’s Recommended Budget as outlined in the attached reconciliation, including updated and revised CIP budget figures •Tentative Budget established the overall expenditure limitation for next fiscal year •Structurally balanced budget reflects the careful allocation of available resources 5 FY 24/25 Tentative Budget 6 Estimated Ending Fund Balances 7 By Category:By Function: FY 24/25 Tentative Budget - $151,135,253 8 By Category:By Function: FY 24/25 Tentative General Fund Budget - $53,102,838 FY 24/25 Sources: $151,135,253 9 FY 24/25 CAPITAL IMPROVEMENT PROGRAM (CIP): $52,075,076 10