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Home My WebLink AboutPackets - Council Packets (1660)Town Council Meeting Regular Session October 20, 2021 Town Council Meeting Announcements Upcoming Meetings Meetings are subject to change. Check the Town website for meeting status. Stormwater Utility Commission –CANCELED Oct. 21 at 4 p.m. Hopi Conference Room Board of Adjustment –CANCELED Oct. 26 at 3 p.m. Council Chambers Planning and Zoning Commission Nov. 2 at 6 p.m. Council Chambers Town Council Meeting Nov. 3 at 6 p.m. Council Chambers Town Council Meeting Regular Session October 20, 2021 Senior Auston Collings BASIS Oro Valley Spotlight on Youth Town Council Meeting Regular Session October 20, 2021 Children’s Museum Oro Valley fully reopened on May 25 • 9 a.m.-3 p.m. Tuesday-Sunday • Upgrades to outdoor space • Open again for Birthday Parties • Virtual programming remains available on Social Media Accessibility is a priority • MyTime expanded from once a month to every weekday • 1:30 -3 p.m. • Half-price admission • Revived this summer • About 10 percent of our visitors come on these free days. Outdoor space upgrades Water table offers interactive play that requires cooperation and gross motor skills. Ball Wall requires problem solving and creativity. Back in the Oro Valley community Children’s Museum Oro Valley staff had a great time at Monster Mash at Steam Pump Ranch!We’re thrilled to be part of OVPD’s upcoming National Night Out event. Town Council Meeting Regular Session October 20, 2021 Fiscal Year 2021/22 Financial Update Through August 2021 October 20, 2021 GENERAL FUND REVENUES REVENUE SOURCE Budget Actuals Thru 08/2021 % of Budget Year -End Estimate Notes Local Sales Taxes $ 21,157,707 $ 2,974,831 14.1%$ 21,157,707 Trending as expected; continued growth and strong recovery in categories impacted by COVID State Shared Revenues 13,729,923 2,106,372 15.3%13,729,923 Trending as expected Charges for Services 2,387,776 362,921 15.2%2,387,776 Trending as expected; improvement in recreation revenue Licenses & Permits 1,849,000 316,701 17.1%1,849,000 Trending as expected Grant Revenue 6,065,290 25,772 0.4%8,260,785 Year -end estimate includes additional American Rescue Plan Act (ARPA) funds All Other 1,883,500 200,262 10.6%1,883,500 Includes other intergovernmental revenue, transfers, interest income, misc. revenue TOTAL GENERAL FUND REVENUES $ 47,073,196 $ 5,986,859 12.7%$ 49,268,691 Budget variance due to additional ARPA funds GENERAL FUND EXPENDITURES EXPENDITURE CATEGORY Budget Actuals Thru 08/2021 % of Budget Year -End Estimate Notes Personnel $ 30,775,632 $ 3,257,341 10.6%$ 30,775,632 Trending as expected; % of budget reflects timing of payrolls Operations & Maintenance 21,981,773 11,379,472 51.8%21,981,773 Includes $10M PSPRS payment from reserves Capital 1,095,175 4,061 0.4%1,095,175 Budget includes Westward Look improvements, IT needs and Parks & Recreation improvements Transfers Out 7,408,264 791,987 10.7%7,408,264 Actuals reflect a transfer for debt service TOTAL GENERAL FUND EXPENDITURES $ 61,260,844 $ 15,432,861 25.2%$ 61,260,844 No budget variance projected at this time Budgeted Deficit/Use of Fund Balance: ($14.2M) Estimated Deficit/Use of Fund Balance = ($12.0M) Estimated Ending Fund Balance: $23.7M 44.0% of budgeted expenditures Exceeds Council 25% Policy by $3.2M GENERAL FUND HIGHWAY FUND REVENUES REVENUE SOURCE Budget Actuals Thru 08/2021 % of Budget Year -End Estimate Notes Licenses & Permits $ 25,000 $ 4,862 19.4%$ 25,000 Trending as expected State Shared Revenues 3,614,922 624,560 17.3%3,614,922 Trending as expected All Other 8,000 3,246 40.6%10,396 Additional revenues attributable to insurance recoveries TOTAL HIGHWAY FUND REVENUES $ 3,647,922 $ 632,668 17.3%$ 3,650,318 Major revenue sources trending as expected HIGHWAY FUND EXPENDITURES EXPENDITURE CATEGORY Budget Actuals Thru 08/2021 % of Budget Year -End Estimate Notes Personnel $ 1,208,870 $ 132,595 11.0%$ 1,208,870 Trending as expected; % of budget reflects timing of payrolls Operations & Maintenance 616,655 40,475 6.6%616,655 Trending as expected; larger line-items include striping, field supplies, electricity and traffic signal maintenance Capital 2,265,000 156,137 6.9%2,265,000 Trending as expected; timing of pavement preservation program TOTAL HIGHWAY FUND EXPENDITURES $ 4,090,525 $ 329,207 8.0%$ 4,090,525 No budget variance projected at this time Budgeted Deficit/Use of Fund Balance: ($0.4M) Estimated Ending Fund Balance: $0.8M HIGHWAY FUND COMMUNITY CENTER FUND REVENUES REVENUE SOURCE Budget Actuals Thru 08/2021 % of Budget Year -End Estimate Notes Contracted Operating Revenues $ 3,622,385 $ 504,775 13.9%$ 3,622,385 Trending as expected Town Operating Revenues 697,580 258,591 37.1%747,580 Strong recovery in recreation program revenue Other Revenues 3,078,300 501,797 16.3%3,078,300 Includes 1/2 cent sales tax revenues, HOA contributions, interest income and other misc. revenues TOTAL COMM. CENTER FUND REVENUES $ 7,398,265 $ 1,265,163 17.1%$ 7,448,265 Over budget by $50,000 or 0.7% due to recreation program revenue COMMUNITY CENTER FUND EXPENDITURES EXPENDITURE CATEGORY Budget Actuals Thru 08/2021 % of Budget Year -End Estimate Notes Contracted Operating Expenditures $ 4,701,528 $ 670,627 14.3%$ 4,701,528 Trending as expected Town Operating Expenditures 1,086,581 175,659 16.2%1,086,581 Trending as expected Capital Outlay 132,500 -0.0%132,500 Projected on budget at this time Transfers Out 1,868,519 168,519 9.0%1,868,519 Actuals reflect a transfer for debt service TOTAL COMM. CENTER FUND EXPENDITURES $ 7,789,128 $ 1,014,805 13.0%$ 7,789,128 No budget variance projected at this time COMMUNITY CENTER FUND Budgeted Deficit/Use of Fund Balance: ($0.4M) Estimated Deficit/Use of Fund Balance: ($0.3M) Estimated Ending Fund Balance: $2.3M MONTHLY FINANCIAL UPDATE QUESTIONS? Fiscal Year 2021/22 Financial Update Through August 2021 October 20, 2021