CITY OF WAYCROSS BUDGET FY2018 July 1, 2017 –June 30,2018 ADOPTED JUNE 20, 2017 City of Waycross Budget FY2018 2018 Table of Contents INTRODUCTION .......................................................................................................................... 2 Budget Objective ........................................................................................................................ 2 Distinguished Budget Award ...................................................................................................... 4 Resolution (Copy) ....................................................................................................................... 5 Mission Statement ....................................................................................................................... 7 Our Guiding Principles ............................................................................................................... 8 Budget Message from the City Manager .................................................................................... 9 Budget Summary ...................................................................................................................... 15 Governmental Funds ............................................................................................................. 16 Internal Service Funds .......................................................................................................... 19 Enterprise Funds ................................................................................................................... 22 Fund Summary 2015-2018 ................................................................................................... 24 FY 2018 – Total Budgeted Resources .................................................................................. 25 FY 2018 – Operating Expenditures and Budget Highlights ................................................. 26 Property Tax Digest .............................................................................................................. 27 FY 2018 Revenue and Expense Summary............................................................................ 28 CITY IN BRIEF ............................................................................................................................ 34 Geographic ................................................................................................................................ 35 Demographics ........................................................................................................................... 37 Miscellaneous Statistics ............................................................................................................ 42 Organizational Chart ................................................................................................................. 44 Component Units of the City of Waycross ............................................................................... 45 FINANCIAL POLICIES .............................................................................................................. 46 Revenue Policies ....................................................................................................................... 46 Debt Policies ............................................................................................................................. 46 Banking and Investment Policies .............................................................................................. 47 Audit Policies ............................................................................................................................ 47 Purchasing Policies ................................................................................................................... 47 Five Year Capital Improvement Program ................................................................................. 47 Fixed Assets Policies ................................................................................................................ 48 Basis of Accounting & Budgeting ............................................................................................ 48 Budgeting .................................................................................................................................. 48 Budget Cycle ............................................................................................................................. 50 Budget Policies ......................................................................................................................... 51 i City of Waycross Budget FY2018 2018 Budget Objective by Type of Fund ........................................................................................... 51 Budget and Expenditure Control .............................................................................................. 52 Budget Process .......................................................................................................................... 52 Strategic Planning Sessions ...................................................................................................... 53 City Commission Planning Retreat ....................................................................................... 53 Long Term Financial Goals and Non-Financial Goals ......................................................... 54 Division Head Retreat ........................................................................................................... 55 Budget Calendar........................................................................................................................ 57 Budget Adoption ....................................................................................................................... 58 Budget Amendment Process ..................................................................................................... 58 FUNDS, DEBT SUMMARY, & FINANCIAL TRENDS ........................................................... 60 FY 2017 Governmental Fund Structure .................................................................................... 60 Governmental Funds ................................................................................................................. 61 General Fund Expenditure Summary .................................................................................... 65 General Fund Revenue Summary ......................................................................................... 66 Cemetery Fund Summary ..................................................................................................... 69 WPD Information Technology Fund Summary .................................................................... 70 Hotel/Motel Tax Fund Summary .......................................................................................... 71 SPLOST 2014 Fund Summary ............................................................................................. 72 SPLOST 2008 Fund Summary ............................................................................................. 73 FY 2018 Proprietary Fund Structure......................................................................................... 74 Proprietary Funds ...................................................................................................................... 75 Combined Statement of Budgeted Revenues and Expenditures ........................................... 76 Water & Sewer Fund Summary ............................................................................................ 78 Waste Management Fund Summary ..................................................................................... 79 Debt Summary .......................................................................................................................... 80 Georgia Environmental Facilities Authority Loans .............................................................. 80 Other Debt ............................................................................................................................. 84 Total Debt Summary ............................................................................................................. 85 Legal Debit Margin ................................................................................................................... 85 Financial Trend ......................................................................................................................... 85 Fund Balance .......................................................................................................................... 100 Individual Fund Status Report ................................................................................................ 101 PERSONNEL SUMMARY ........................................................................................................ 106 Personnel Changes .................................................................................................................. 106 ii City of Waycross Budget FY2018 2018 Personnel Authorization Summary ......................................................................................... 107 2016 – 2018 Personal Positions by Department ..................................................................... 108 DEPARTMENTAL SUMMARY, & GOALS ........................................................................... 112 General