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Page 1 of 4 Ogden City Council Meeting: June 6, 2017 OGDEN CITY FY2017-2018 TENTATIVE BUDGET Action: Adopt or Not Adopt Ordinance Executive Summary The Council will consider adopting an ordinance approving the FY2017- 2018 Tentative Budget. Background Each year during the first Council Meeting in May, the Mayor is required to present a proposed budget for the upcoming fiscal year. The Council accepts the proposed budget for review and, through a series of work sessions, reviews the proposal over the next two months. A tentative budget is adopted after an initial public hearing is held. A second public hearing is held at the time of adoption of the final budget. During the budget hearings, the Council outlines their proposed changes to the proposed budget and accepts public input. Once the final public hearing is closed, the Council makes its changes and adopts the final City budget. By State law, a budget must be adopted by June 22. An exception to the timing is allowed if a proposed property tax increase has been included in the budget. May 2, 2017 The Mayor presented his proposed FY2017-2018 Tentative Budget. The Council accepted the Mayor’s Proposed Budget for review. The Mayor’s budget included a proposed tax increase to ensure the City realizes the $350,000 estimated to come from two retiring Redevelopment Areas. May 16, 2017 The Council held the first of a series of work sessions to review and discuss the proposed FY2017-2018 Tentative Budget. The Administration reviewed proposed amendments (Schedule to the Tentative Budget prior to setting a public hearing on the tentative budget. ---PAGE BREAK--- Page 2 of 4 Ogden City Council Meeting: June 6, 2017 The Council also set a public hearing on the Tentative Budget for June 6, 2017. May 23, 2017 The Council met with the City financial advisors to review the General Func Comprehensive Financial Sustainability model. This was the second work session to review the five-year rolling model used to help forecast the health of the City’s General Fund. The initial discussion focused on general principles such as tax rates, the effects of central assessments on property tax revenues, and historical trends for the City’s revenue sources. The City’s financial advisors reviewed assumptions upon which the model was developed and discussed the outlook for the City’s General Plan over the next five years. The Council also held a work session to review and discuss the proposed FY2017-2018 Budget. May 30, 2017 The Council held a work session to review and discuss the proposed FY2017-18 Budget. The Council determined they would like to move forward with a Truth in Taxation hearing in August. Proposal The Council will consider adopting the proposed FY2017-18 Tentative Budget. The following revised schedule is proposed for presentation, review, and adoption of the Final FY2018 Ogden City Budget: May 2 Mayor’s budget presentation. Council accepts tentative budget for review May 16 Work Session- Department specific issues Meetings Presentation of the proposed budgets for the Redevelopment Agency and Municipal Building Authority ---PAGE BREAK--- Page 3 of 4 Ogden City Council Meeting: June 6, 2017 and setting the public hearings for each of these budgets for June 6, 2018. Setting of the public hearing for the Ogden City tentative budget for June 6, 2018 May 23 Work session – RDA, MBA, Department specific issues May 30 Work session – Council review and discussion June 6 Work session –Council review and discussion Meetings Public hearing on FY2018 Tentative Budget Set Public hearing on salary schedule and utility transfers for June 20, 2017 Set Public hearing on final FY2018 Budget for August 8, 2017 June 13 Optional Work session – Council discussion June 20 Optional Work session – Council discussion Meeting Public hearing for FY18 salary schedule and utility transfers July 11 Work session – Certified tax rate discussion August 8 Public hearings on proposed certified tax rate and proposed property tax increase and adoption of final FY2018 City budget Schedule A Included with the Tentative Budget is Schedule A which proposes to transfer funds in the amount of $1,365,000 from the BDO Fund to the ---PAGE BREAK--- Page 4 of 4 Ogden City Council Meeting: June 6, 2017 RDA instead of the CIP Fund as originally proposed in the Mayor’s budget. The Proposed Tentative FY2017-18 Budget can be found here. The Proposed line-item FY2017-18 Budget can be found here. Council Staff Contact: Janene Eller-Smith, (801)629-8165 ---PAGE BREAK--- ORDINANCE NO. AN ORDINANCE OF OGDEN CITY, UTAH, ADOPTING THE TENTATIVE BUDGET OF OGDEN CITY FOR FISCAL YEAR 2017-2018. WHEREAS, the budget officer of Ogden City Corporation (the “City”) has filed the tentative budget, accompanied by a budget message pursuant to Section 10-6-111 of the Utah Code Annotated; and WHEREAS, at a regular meeting on May 2, 2017, the City Council by resolution accepted for review the tentative budget for fiscal year 2017-2018 as required by law; and WHEREAS, the tentative budget has been reviewed and considered by the City Council; and WHEREAS, the tentative budget, together with all supporting schedules and data, has been available for public inspection in the Office of the City Recorder as required by law; and WHEREAS, on June 6, 2017, the City Council held a duly noticed public hearing to receive public comment and ascertain the facts regarding the tentative budget, including any proposed amendments thereto, which facts and comments are found in the hearing records; and WHEREAS, all interested persons were heard, for or against the estimates of revenue and expenditures as set forth in the tentative budget and any proposed amendments thereto; and WHEREAS, the Council desires to adjust the tentative budget by the adjustments detailed in Schedule attached hereto. NOW, THEREFORE, the Council of Ogden City hereby ordains: SECTION 1. The tentative budget for fiscal year 2017-2018, filed by the City’s budget officer with the City Council, as said tentative budget and schedules are adjusted as depicted in Schedule attached hereto and incorporated by reference, is hereby adopted as the City’s tentative budget, and is ordered to be filed and maintained as a public record, available for public inspection in the office of the City Recorder, 2549 Washington Boulevard, Suite 210, Ogden, Utah, until adoption of the final budget. 2017-23 ---PAGE BREAK--- SECTION 2. This ordinance shall become effective immediately upon posting. PASSED, ADOPTED AND ORDERED POSTED by the Council of Ogden City this day of 2017. CHAIR ATTEST: CITY RECORDER APPROVED AS TO FORM: LEGAL DATE ---PAGE BREAK--- TRANSMITTED TO THE MAYOR ON: MAYOR'S ACTION: APPROVED VETOED Michael P. Caldwell, Mayor ATTEST: City Recorder POSTING DATE: EFFECTIVE DATE: ---PAGE BREAK--- Revenue Expenditure Budget Budget GENERAL FUND Initial Tentative Budget $57,751,200 $57,751,200 Adj. Increase Franchise Tax Revenue 3,800 $ Adj. Increase Planning Printing (Notices) 1,000 $ Adj. Increase Planning Special Meetings 2,800 $ Adj. Decrease Juvenile Court ‐ Graffiti Program (Non‐Departmental) (33,700) $ Adj. Increase Graffiti Program (Public Services ‐ Structural & Mechanical) 33,700 $ Tentative Budget ‐ General Fund 57,755,000 $ 57,755,000 $ Revenue Expenditure Budget Budget CAPITAL IMPROVEMENT PROJECTS FUND Initial Tentative Budget $4,418,225 $4,418,225 Adj. Decrease Contributions from Other Funds (BDO) (1,365,000) $ Adj. Decrease Meat Packing Building CIP CD081 (1,125,000) $ Adj. Decrease High Adventure Park CIP PK140 (240,000) $ Tentative Budget ‐ Capital Improvement Project Fund 3,053,225 $ 3,053,225 $ Revenue Expenditure Budget Budget BDO INFRASTRUCTURE FUND Initial Tentative Budget $20,983,625 $20,983,625 Adj. Transfer to CIP Fund (1,365,000) $ Adj. Transfers to RDA 1,365,000 $ Tentative Budget ‐ BDO Infrastructure Fund 20,983,625 $ 20,983,625 $ Revenue Expenditure Budget Budget MAJOR GRANTS FUND Initial Tentative Budget $7,323,150 $7,323,150 Adj. Decrease BIC Servicing Income (40,000) $ Adj. Decrease CDBG Administration Professional & Technical (40,000) $ Tentative Budget ‐ Major Grants Fund 7,283,150 $ 7,283,150 $ Revenue Expenditure Budget Budget Proposed Tentative Budget ‐ Ogden City 166,338,750 $ 166,338,750 $ Total of Above Changes to Proposed Tentative Budget (1,401,200) $ (1,401,200) $ Tentative Budget ‐ Ogden City 164,937,550 $ 164,937,550 $ Adjustments to the FY 2018 Proposed Tentative Budget Creating the FY 2018 Tentative Budget SCHEDULE