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FY 2023-24 Budget-in-Brief Millcreek’s budget reflects the goals developed by City Council. The budget serves not only as a financial plan and management tool, but also as a means for accountability. STRATEGIC PLAN OBJECTIVES Great Connections - Millcreek strives to Health & Environment - Millcreek supports offer a range of pedestrian, bicycle, transit, environmental and human health by and vehicle transportation choices through establishing and protecting open saces; a cohesive network of safe and reliable protecting healthy fish and wildlife habitats; streets and trails that connect all residents providing active transportation options; to their destinations improving local water and air quality; Outdoor Lifestyle - Millcreek is the gateway improving access to nutritious foods; and to recreation with opportunities from the other sustainable practices Wasatch Mountains to the Jordan River, Unique Neighborhoods - Millcreek is a City of including majestic views of the mountains, attractive, proud, stable, unique, and expansive parks, and accessible trails, emerging neighborhoods that offer a variety creeks, and open spaces. of home types, vibrant gathering areas, and Enhanced Culture - Millcreek embraces the access to quality community amenities. cultural and demographic diversity of its Engaged Community - Millcreek seeks residents and businesses, and supports community engagement through communi- and promotes a variety of arts, cultures, cation and transparency to achieve long- and education opportunities as essential term sustainable outcomes, processes, and parts of an engaged community and life-long relationships. learning. Fiscally Responsible Government - Millcreek Vibrant Gathering Places - Millcreek's supports a fiscally responsible government centers are the heart of community activity through compliance with the Utah Fiscal characterized by walkability, unique spaces, Procedures Act along with a transparent commercial areas, and character compatible budget process, conservative spending and with Millcreek neighborhoods. meticulous debt management. Thriving Economy - Millcreek's economic diversity thrives by being inviting, supporting local businesses, attracting an innovative and adaptive workforce, investing in amenities that promote a better # quality of life, and encouraging a range of business sizes and types. QUICK FACTS ABOUT MILLCREEK First inhabitants to call Millcreek home were the Goshute, Ute, and Shoshone Tribes First pioneer settlements 1847 # Elected Official District Position Date incorporated as a city 12/28/2016 Jeff Silvestrini At large Mayor 2021 estimated population* 63,034 Silvia Catten 1 Council Member Total area 12.77 sq mi Thom DeSirant 2 Council Member Mascot Milo the Moose Cheri Jackson 3 Council Member Historic symbol Millwheel Bev Uipi 4 Council Member * gardner.utah.edu I May 2023 ---PAGE BREAK--- The General Fund is Millcreek's main operating fund. It includes revenues from taxes, licenses and permits, service charges and other revenues that are used to provide essential municipal services to Millcreek residents and businesses. FY2023-24 GENERAL FUND REVENUES REVENUE FROM TAXES Arbor Day Grant 37% 43% 7% 7% 6% Tax revenue by tax type: Property Tax Sales Tax Gas Tax Energy Tax Other Gas Taxes are used exclusively for road maintenance 80% 5% 10% 5% Millcreek's revenue sources by category: Taxes Licenses & Permits Grants & Contributions Service Fees + Misc Revenue Taxes make up the majority of the City's revenue. Property Taxes are used exclusively for law enforcement The aggregate sum of all remaining taxes is used to provide other essential municipal services ---PAGE BREAK--- FY2023-24 GENERAL FUND EXPENDITURES Millcreek's General Fund expenditures demonstrate how current revenue sources will be used between July 1, 2023 and June 30, 2024. Millcreek's largest expenditure is law enforcement. FY2023-24 Professional and Contract Services 59% 18% 5% 7% 10% 1% Where Millcreek spends its dollars: Prof and Contracted Svcs Personnel Operating & Admin Exp Road Maintenance Community Programs Debt & Other Financial Uses Professional and Contracted Services is the largest category of the City's expenditures. 65% 3% 26% 4% 2% Public Safety: Police & Animal Control Communications, IT and Facilities Maint Public Works: Roads Maint, Parks Maint Legal, Elections, and Court Services Aministrative and Other ---PAGE BREAK--- The FY2023-24 budget includes many capital projects that support the City's Strategic Plan Initiatives by: u improving transportation options for multiple transporation options u improving access and adding opportunities for recreation in Millcreek u adding to the character of Millcreek's unique commercial areas and neighborhoods u protecting open space and providing active transporation options u providing astetically pleasing places that promote community engagement u providing a transparent budget and spending public funds in a conservative and responsible manner FY2023-24 CAPITAL PROJECTS Capital projects anticipated in FY2023-24 total $1,622,304 from General Fund --Road reconstruction projects - various locations --City Hall and Millcreek Common Complex --Street lights and/or traffic signals --Sidewalk projects - various locations --Jordan River trail improvements --Pickleball courts --Undergrounding power lines --Welcome sign at 3900 S see page 6 for complete list of road projects funded from various sources, including projects funded by Federal, State, and Regional grants CITY HALL AND MILLCREEK COMMON FUNDING How is Millcreek Common / City Hall complex being financed? Millcreek Common Financing City Hall Financing 17,345,000 $ Series 2019 Bonds (20 year debt) 36,265,000 $ Series 2021 Bonds (30 year debt) 2,655,000 Series 2019 Premium (less issue costs) 3,068,000 Series 2021 Premium (less cost to issue) 205,570 Interest earned on bond funds 890,640 Interest earned on bond funds 510,000 Utah Outdoor Rec Grant 2,825,150 2022 ARPA - Federal stimulus funds 2,270,000 State Redevelopment Grant 350,000 Other Grants 800 Arbor Day Grant 7,286,258 Capital Improvement Fund 3,315,310 Capital Improvement Funds 50,685,048 26,301,680 $ Parking Structure(s) 3,610,325 $ 2021 ARPA - Federal stimulus funds 889,675 2022 ARPA - Federal stimulus funds 2,500,000 State Redevelopment Grant 3,700,000 Capital Improvement Fund 10,700,000 ---PAGE BREAK--- STORMWATER MANAGEMENT Millcreek's Storm Water Management Plan addresses the following control measurers: u Public education and outreach on stormwater impacts u Public involvement and participation u Illegal discharge detection and elimination u Construction site Stormwater Runoff Control u Long-term stormwater management in new development and redevelopment u Pollution prevention and good housekeeping for municipal operations Upcoming Stormwater Projects u Columbia Ave - State to Main St (to be completed July 2023) u Neffs Lane - 2400 E to 2445 E u 3100 East - Upland Dr to 3900 S u 2000 East -Siggard Dr to 3300 S u Scott Ave - 700 E to 900 E u Emergency & miscellaneous repair projects from ongoing investigations These projects address flooding areas and deteriorating pipe locations. For more detailed information, refer to the following link: (click SWUF Projects) Did you know … Street sweeping is a stormwater maintenance function? Stormwater management helps the survival rate of endangered species? Stormwater management trys to accomplish two things. Stormwater run-off is a result of snow, rain, and sleet that goes directly to our local storm drain system and waterways. Stormwater management plays a critical role in the maintenance of healthy streams, lakes, and acquatic life. These waterways provide aesthetic beauty, recreational opportunities, and wildlife habitat that improve the overall quality of our lives. It's true! Regular street sweeping reduces the amount of pullutants that get washed into the storm dran and ultimately discharge to lakes, rivers, and welands. It's true! Polluted runoff is the leading source of impairment to streams, lakes, wetlands, and groundwater. Stormwater management techniques help to reduce the damaging impacts of runoff and flooding. Flooding not only threatens property and safety of our residents but can cause streem banks to rapidly erode. 1) Slow the release of stormwater runoff to streams and rivers, and 2) Ensure runoff water does not degrade surface water quality. ---PAGE BREAK--- Funding Sources for Road Maintenance Millcreek's Road Asset Management Phylosophy / Resources: u Perform preventative maintenance to extend the useful life of road surfaces in the most cost-effective manner u Maintenance on high volume Collector Roads, like 900 E and Highland Dr, is of highest priority u $850K is budgeted for routine pavement preservation in SLCo road mainenance contract, which includes overlays, chip seal, slurry seal, etc. u Proposed Pavement Preservation Map is posted online - Upcoming - Road Projects Federal $ Local $ / Source Road From To u $7.2M $500K Millcreek 900 E 3900 S 4500 S u $1.8M $680K Millcreek 3800 S Skyline HS Virginia Way Birch Dr u $3.0M $486K State 1300 E 4220 S 4500 S u 0 $4.1M State 2000 E Siggard 3300 S u $3.0M $1.0M Millcreek 2000 E* 3000 S SLC boundary Projects listed above will be in various stages of completion in FY2023-24 *$3.0M project funding shortfall Upcoming - Other Transportation Projects Federal $ Regional Transportation Choice Funds u 0 $800K Regional Birch Drive Sidwalk u 0 $4.5M Regional Wasatch Blvd Multi-use Path Projects listed above will be in various stages of completion in FY2023-24 Total Funding Sources for Upcoming Transportation Projects $15.0M 55.4% Federal $ 9.9M 36.5% State and Regional $ 2.2M 8.1% Millcreek $27.1M 100.0% Total Utah state fuel taxes are collected at the pump and distributed to counties and cities to help fund road maintenance and construction. Millcreek contracts with Salt Lake County Public Works for road maintenance. Fuel tax covers approximately 60% of the Millcreek's road maintenance contract with SL County. Sales tax dollars pay for the remainder of the road maintenance contract. Funding for major transportation projects comes from various sources. Millcreek agressively pursues Federal, State, and Regional grant funding for transportation projects.