OPERATING FISCAL YEAR BUDGET 2015-2016 C I T Y O F S A N A N G E L O , T E X A S City of San Angelo, Texas Operating Budget Fiscal Year 2015‐2016 THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR’S BUDGET BY $2,865,004 (9.07%), AND OF THAT AMOUNT, $653,257 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR City Council Record Vote **September 1, 2015** The members of the governing body voted on the adoption of the budget as follows: FOR: Rodney Fleming, Marty Self, Lucy Gonzales, Elizabeth Grindstaff, Charlotte Farmer, and Dwain Morrison AGAINST: None PRESENT and not voting: None ABSENT: Johnny Silvas Tax Rate Adopted FY2015‐16 Adopted FY2014‐15 Property Tax Rate 0.7760 / $100 0.7760 / $100 Effective Rate 0.8264 / $100 0.8254 / $100 Effective M&O Tax Rate 0.7402 / $100 0.7417 / $100 Rollback Tax Rate 0.9169 / $100 0.8911 / $100 Debt Rate 0.0986 / $100 0.0800 / $100 The total amount of municipal debt obligation secured by property taxes for the City of San Angelo is $211,610,000. City of San Angelo Introduction & Overview City of San Angelo Table of Contents INTRODUCTION AND OVERVIEW Distinguished Budget Presentation Award 2015 ................................................................ 1 Budget Message ................................................................................................................... 2 Short‐term Priorities & Goals .............................................................................................. 8 Long‐term Vision & Strategic Goals .................................................................................... 9 Community Profile ............................................................................................................ 13 FINANCIAL STRUCTURE, POLICY, & PROCESS Elected Council Members .................................................................................................. 24 Map of Single Member Districts ........................................................................................ 25 Principal Officials & Staff .................................................................................................... 26 Organizational Chart .......................................................................................................... 29 Department/Fund Relationship ......................................................................................... 30 Accounting Statements ...................................................................................................... 31 Fund Descriptions & Basis of Budgeting ............................................................................ 32 Fund Structure ................................................................................................................... 36 Financial Policies ................................................................................................................ 37 Budget Process ................................................................................................................... 40 Budget Calendar ................................................................................................................. 42 FINANCIAL SUMMARIES Consolidated Financial Schedule ........................................................................................ 44 Budget Summary by Fund Type ......................................................................................... 45 Revenue and Long‐term Trend Overview .......................................................................... 46 General Fund Revenue ....................................................................................................... 53 General Fund Expenditures ................................................................................................ 54 General Fund Revenue Graph ............................................................................................ 56 General Fund Expenditures by Department Graph ........................................................... 57 General Fund Expenditures by Category Graph ................................................................. 58 General Debt Service Fund ................................................................................................. 59 General Fund Equipment Replacement ............................................................................. 60 General Fund Capital Projects Fund ................................................................................... 61 Intergovernmental Fund .................................................................................................... 62 TIRZ ..................................................................................................................................... 63 TIRZ Expenditures Graph .................................................................................................... 64 Community Development Block Grant .............................................................................. 65 HOME Program .................................................................................................................. 66 Designated Revenue Fund ................................................................................................. 67 Lake Nasworthy Trust ........................................................................................................ 68 Texas Bank Sports Complex ............................................................................................... 69 Civic Events Fund ................................................................................................................ 70 Civic Events Fund Revenue & Expenditure Graphs ............................................................ 71 Fort Concho ........................................................................................................................ 72 Fairmount Cemetery .......................................................................................................... 73 State Office Buildings ......................................................................................................... 74 Airport Operating Fund ...................................................................................................... 75 Airport Operating Fund Revenue Graph ............................................................................ 76 Airport PFC Fund ................................................................................................................ 77 Airport Capital Fund ........................................................................................................... 78 Solid Waste Enterprise Fund .............................................................................................. 79 Stormwater Fund ............................................................................................................... 80 Water Enterprise Fund ....................................................................................................... 81 Water Enterprise Fund Graphs .......................................................................................... 82 Water Debt Service Fund ................................................................................................... 83 Water Supply Capital Projects ............................................................................................ 84 Wastewater Enterprise Fund ............................................................................................. 85 Wastewater Enterprise Fund Graphs ................................................................................. 86 Wastewater Debt Service Fund .......................................................................................... 87 Wastewater Capital Projects Fund ..................................................................................... 88 Vehicle Maintenance Internal Service Fund ...................................................................... 89 Communications Internal Service Fund ............................................................................. 90 Health Insurance Fund ....................................................................................................... 91 Property/Casualty Insurance Fund ..................................................................................... 92 Workers’ Compensation Insurance Fund ........................................................................... 93 CAPITAL & DEBT Capital Expenditures & Investments .................................................................................. 95 Capital Improvement Plan Summary ............................................................................... 102 Asset Capitalization Policy ................................................................................................ 106 Statement of Legal Debt Margin ...................................................................................... 108 Interest and Redemption Funds ...................................................................................... 109 Ratio of Net General Bonded Debt to Assessed Value .................................................... 110 Summary of Debt Service Requirements to Maturity ...................................................... 111 Debt Service Requirements General Obligation Bonds ................................................... 112 Debt Service Requirements Water Utility Bonds ............................................................