Operating Budget Fiscal Year 2016-2017 City of San Angelo, Texas City of San Angelo, Texas Operating Budget Fiscal Year 2016-2017 THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR’S BUDGET BY $1,495,628 (4.34%), AND OF THAT AMOUNT, $442,215 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR City Council Record Vote **September 20, 2016** The members of the governing body voted on the adoption of the budget as follows: FOR: Marty Self, Harry Thomas, Lucy Gonzales, Lane Carter, Charlotte Farmer, and Dwain Morrison AGAINST: Bill Richardson PRESENT and not voting: None ABSENT: None Tax Rate Proposed FY2016-17 Adopted FY2015-16 Property Tax Rate 0.7760 / $100 0.7760 / $100 Effective Rate 0.8514 / $100 0.8264 / $100 Effective M&O Tax Rate 0.7436 / $100 0.7402 / $100 Rollback Tax Rate 0.9194 / $100 0.9169 / $100 Debt Rate 0.0986 / $100 0.0986 / $100 The total amount of municipal debt obligation secured by property taxes for the City of San Angelo is $176,665,000 City of San Angelo Introduction & Overview City of San Angelo Table of Contents INTRODUCTION AND OVERVIEW Distinguished Budget Presentation Award 2016 ................................................................ 1 Budget Message ................................................................................................................... 2 Quick Reference Guide ......................................................................................................... 6 Short-term Priorities & Goals .............................................................................................. 7 Long-term Vision & Strategic Goals .................................................................................... 8 Community Profile ............................................................................................................ 12 FINANCIAL STRUCTURE, POLICY, & PROCESS Elected Council Members .................................................................................................. 22 Map of Single Member Districts ........................................................................................ 23 Principal Officials & Staff .................................................................................................... 24 Organizational Chart .......................................................................................................... 27 Department/Fund Relationship ......................................................................................... 28 Accounting Statements ...................................................................................................... 29 Fund Descriptions & Basis of Budgeting ............................................................................ 30 Fund Structure ................................................................................................................... 33 Financial Policies ................................................................................................................ 34 Budget Process ................................................................................................................... 37 Budget Calendar ................................................................................................................. 39 FINANCIAL SUMMARIES Consolidated Financial Schedule ........................................................................................ 41 Budget Summary by Fund Type ......................................................................................... 42 Revenue and Long-term Trend Overview .......................................................................... 43 General Fund Revenue ....................................................................................................... 50 General Fund Expenditures ................................................................................................ 51 General Fund Revenue Graph ............................................................................................ 53 General Fund Expenditures by Department Graph ........................................................... 54 General Fund Expenditures by Category Graph ................................................................. 55 General Debt Service Fund ................................................................................................. 56 General Fund Equipment Replacement ............................................................................. 57 General Fund Capital Projects Fund ................................................................................... 58 Intergovernmental Fund .................................................................................................... 59 TIRZ Fund ............................................................................................................................ 60 TIRZ Expenditures Graph .................................................................................................... 61 Community Development Block Grant .............................................................................. 62 HOME Program .................................................................................................................. 63 Designated Revenue Fund ................................................................................................. 64 Lake Nasworthy Trust ........................................................................................................ 65 Texas Bank Sports Complex Fund ...................................................................................... 66 Civic Events Fund ................................................................................................................ 67 Civic Events Fund Revenue by Source Graph ..................................................................... 68 Civic Events Fund Expenditures by Category Graph .......................................................... 69 Fort Concho Fund ............................................................................................................... 70 Fairmount Cemetery .......................................................................................................... 71 State Office Buildings ......................................................................................................... 72 Airport Operating Fund ...................................................................................................... 73 Airport Operating Fund Revenue Graph ............................................................................ 74 Airport PFC Fund ................................................................................................................ 75 Solid Waste Enterprise Fund .............................................................................................. 76 Stormwater Fund ............................................................................................................... 77 Water Enterprise Fund ....................................................................................................... 78 Water Enterprise Fund Revenues by Source Graph ........................................................... 79 Water Enterprise Fund Expenditures by Category Graph .................................................. 80 Water Debt Service Fund ................................................................................................... 81 Water Supply Capital Projects ............................................................................................ 82 Wastewater Enterprise Fund ............................................................................................. 83 Wastewater Enterprise Fund Revenues by Source Graph ................................................. 84 Wastewater Enterprise Fund Expenditures by Category Graph ........................................ 85 Wastewater Debt Service Fund .......................................................................................... 86 Wastewater Capital Projects Fund ..................................................................................... 87 Vehicle Maintenance Internal Service Fund ...................................................................... 88 Communications Internal Service Fund ............................................................................. 89 Health Insurance Fund ....................................................................................................... 90 Property/Casualty Insurance Fund ..................................................................................... 91 Workers’ Compensation Insurance Fund ........................................................................... 92 CAPITAL & DEBT Capital Expenditures .......................................................................................................... 94 Capital Improvement Plan Summary ............................................................................... 100 Asset Capitalization Policy ................................................................................................ 104 Statement of Legal Debt Margin ...................................................................................... 106 Interest and Redemption Funds ...................................................................................... 107 Ratio of Bonded Debt ......................................................................................................