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“PROMOTING TOWN FINANCIAL SECURITY AND INDEPENDENCE.” Financial State of the Town March 4, 2020 ---PAGE BREAK--- FY 19/20 Accomplishments Received title for Seeman Pond Well 5 Rehabilitation Replacement of Variable Frequency Drives at Buckeye Booster Street sealing on Mahogany Dr. and portions of Monterra Dr. ---PAGE BREAK--- FY 19/20 Projects Road Rehab of Oakwood Dr. & Deseret Dr. o Including improvements to sidewalks, ADA ramps and cross gutters Water line replacement on portions of Ninth St., Tenth St., Mono Ave, and Esmeralda Ave. Waterline at Seeman Pond Dredging at Seeman Pond Restroom at Westwood Park Playground equipment at Westwood Park Fixed Meter Radio Reading Upgrade Town of Minden Design Guidelines ---PAGE BREAK--- Budget Overview Six Town of Minden Funds: o Three Governmental Funds • Minden Town General (630) • Minden Ad Valorem Capital Projects (631) • Minden Capital Equipment/Construction (636) o Three Enterprise Funds • Minden Trash (635) • Minden Wholesale Water Utility (639) • Minden Retail Water (640) ---PAGE BREAK--- Town General Fund Budget to Actual – Year to Date ---PAGE BREAK--- Town General Fund History of Revenues and Expenses - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2,200,000 2,400,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses Spike in expense in 2019 is due to transfers out of the general fund for capital projects ---PAGE BREAK--- Town General Fund History of Revenues and Expenses Without Capital Outlay, Transfers, Depreciation - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses ---PAGE BREAK--- Ad Valorem Capital Projects Fund Budget to Actual – Year to Date ---PAGE BREAK--- Capital Equipment/Construction Fund Budget to Actual – Year to Date ---PAGE BREAK--- Trash Fund Budget to Actual – Year to Date ---PAGE BREAK--- Trash Fund History of Revenues and Expenses - 200,000 400,000 600,000 800,000 1,000,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses Budgeted expenses exceeded budgeted revenues due to the transfer out to the general fund for road rehab. ---PAGE BREAK--- Trash Fund History of Revenues and Expenses Without Capital Outlay, Transfers, Depreciation - 200,000 400,000 600,000 800,000 1,000,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses ---PAGE BREAK--- Wholesale Water Fund Budget to Actual – Year to Date ---PAGE BREAK--- Wholesale Water Fund History of Revenues and Expenses - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2,200,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses ---PAGE BREAK--- Wholesale Water Fund History of Revenues and Expenses Without Capital Outlay, Transfers, Depreciation - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses ---PAGE BREAK--- Retail Water Fund Budget to Actual – Year to Date ---PAGE BREAK--- Retail Water Fund History of Revenues and Expenses - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2,200,000 2,400,000 2,600,000 2,800,000 3,000,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses Increase in expense in 2018-2019 is the transfer out to the Wholesale Water Fund. Increase in budgeted expense in 2019 and 2020 is budgeted capital projects ---PAGE BREAK--- Retail Water Fund History of Revenues and Expenses Without Capital Outlay, Transfers, Depreciation - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2,200,000 2,400,000 2,600,000 2016 Actual 2017 Actual 2018 Actual 2019 Actual 2020 Budget Revenues Expenses ---PAGE BREAK--- Current Town Personnel o 19 Full Time Employees • 6 Administrative • 13 Public Works o 2 Part Time Employees • 2 Maintenance Assistants o Total FTE 18.95 There are currently no vacant positions o Town staff will be looking at future FTE needs as our maintenance and sanitation needs increase. Personnel Summary ---PAGE BREAK--- ---PAGE BREAK--- Completed Successful Events o Fourth of July celebration o Hot August Nights o Safety Street o Christmas Tree Lighting o Parade of Lights Upcoming Events o May the Fourth o Carson Valley Days Breakfast and float in parade Town of Minden Events