Loading...
HomeMy WebLinkAbout07/17/2023 - Special Minutes - City CouncilSPM071723 Minutes Page 1 MINUTES OF THE CITY COUNCIL SPECIAL (BUDGET) MEETING IN-PERSON CITY OF COLLEGE STATION JULY 17, 2022 STATE OF TEXAS § § COUNTY OF BRAZOS § Present: John P. Nichols, Mayor Council: Mark Smith William Wright Linda Harvell Elizabeth Cunha Bob Yancy Dennis Maloney City Staff: Bryan Woods, City Manager Jeff Capps, Deputy City Manager Adam Falco, City Attorney Leslie Whitten, Deputy City Attorney Tanya Smith, City Secretary Council attending Funeral for Former Parks Director prior to the call the of the Special (Budget) Meeting. 1. Call to Order and Announce a Quorum is Present. With a quorum present, the Special (Budget) Meeting of the College Station City Council was called to order by Mayor John P. Nichols via In-Person at 12:00 p.m. on Monday, July 17, 2023, in the Council Chambers of the City of College Station City Hall, 1101 Texas Avenue, College Station, Texas 77840. Majority of the Council concurred not be Broadcast the Special (Budget) Meetings. 2. SPECIAL (BUDGET) ITEMS 2.1. Presentation, discussion, and possible action on the FY 2023-2024 Proposed Budget. Mary Ellen Leonard, Finance Director, provided a review of the proposed FY23-24 budget and citywide budget issues. The proposed FY24 budget is $$492,013,771; which in this amount, $357,068,355 is included for the operations and maintenance budget, and $134,945,416 is included for the capital budget. Compared to FY23, the operating and maintenance budget increased approximately 10% while the capital budget increased 54%. A public hearing is to be scheduled for July 27th, adoption of the budget scheduled for August 24th, and according to the charter, final action on the proposed budget must take place on or before September 27th. SPM071723 Minutes Page 2 Mrs. Leonard explained that College Station is expected to have a growing population, a low unemployment rate, and increased economic development, making it an attractive place to live and work. Also, Inflation is a key factor in determining the FY24 Budget and failure to attract and retain top talent is predicted to be the number two risk in North America three years from now, aging workforce. Local Economy Growth in Population  The city has grown 28.4% between the 2010 and 2020 Censuses.  A&M is increasing the number of freshmen on campus this fall by ~10K – which puts CS at 76K students.  Students to residents = approx. 60% residents – that will go down with the number of students being added. Unemployment Rate  The unemployment rate is expected to be 2.9% which is below the state average of 4.0% and national average of 3.4%.  Unemployment in CS/B in FY22 was about 3.4% - which makes workers hard to find Economic Development  The city continues to invest in economic development projects to create more jobs and stimulate the economy. FY24 Factors Influencing Service Delivery Inflation  The cumulative price increase between 2020 and 2024 is 21.03%. Interest Rates  Federal policy has a significant impact on the availability of capital funding and can reduce citizens’ buying power. Labor  Continued marketplace competition for recruiting and retaining a best-in-class workforce. Regulatory  Both Federal and State legislative changes as well as policy changes at A&M can affect our service delivery. SPM071723 Minutes Page 3 Recession  The risk of a recession can have a negative impact on sales tax collections, a major source of revenue in the General Fund. Jeff Kersten, Assistant City Manager, stated that City Council should be aware of these factors and take proactive steps to mitigate them for our grow ing City. The FY24 Budget is a plan to address the most pressing factors influencing service delivery. Addressing Interest Rates & Recession  Monitor Federal Funds Rate for an inverted yield curve.  Continuing to monitor multiple sources of sales tax data analytics for early warning of recession.  FY25 and FY26 Forecasts prepared assuming lower than average YoY revenue gains to be conservative. Addressing Regulatory Changes  Budget includes funding for legislative monitoring in Austin during sessions.  During State legislative session, CMO Implemented a regulatory risk management system to track, monitor, and analyze proposed legislation and assess their potential impact on the city.  Continue relationships with Texas A&M related to developments at the University that affect City services. Addressing Inflation  FY23 Budgets were increased by $6.5 Million to address rising inflation in purchased power, contractual obligations, and fixed costs.  FY24 Budgets were increased by an additional $6.6 Million to address rising inflation in purchased power, contractual obligations, and fixed costs.  Vehicles were pre-ordered since FY21 to address supply chain issues. Only long-lead vehicles are planned to be pre-ordered in FY24. Addressing Labor FY23 Original Budget = 1,041.5 - FY23 Revised = 1,038.5 (due to reductions in Electric and Water Services)  Budget includes strategy to address financial and non-financial compensation to reduce the labor shortage.  Compensation strategy includes Cost of Living, Merit, Time in Position and Specific Position adjustments.  Indirect Financial Compensation includes no increase in Healthcare Insurance and continued plan to fully fund retirement benefits. Discussion of the General Fund will include:  Revenue Overview  Proposed Property Tax Rate  Expense Requests  Fund Balance & Future Years Mr. Kersten stated that the General Fund Revenue is the primary governmental fund of the City of College Station that includes Utility Transfer 14%, Sales Tax 36%, Ad Valorem Taxes 36%, and all other Revenue is 14%. Preliminary Taxable Values  Taxable Assessed Value up 19.3% SPM071723 Minutes Page 4  BCAD reserve estimate 3.0%  Year over Year category increases  Single Family – 24.3%  Multi Family – 31.0%  Commercial – 21.0%  Average Taxable Residence value increase limited by law to 10%  New Value up 2.35%  Includes $17.5M from Fuji Tax Rate Calculations Recommended Tax Rate: No-New Revenue and Voter Approval Rates are Estimated. Current Rate Change Proposed FY24 Debt Service Fund 21.1441 (0.0000) 21.1441 General Fund 31.3172 (1.0187) 30.2985 Total 52.4613 (1.0187) 51.4426 Estimated No New Revenue Rate 47.5470 45.7681 Estimated Voter Approval Rate (after total increment) 53.7996 51.4893 Jeff Kersten, Assistant City Manager, explained the taxable value within the City is determined by this county agency as of January 1 of each year. Market conditions and other factors determine that valuation. For College Station, the Brazos Central Appraisal District (BCAD) provides us with a preliminary property valuation number in April for property within City limits. The information provided by BCAD is then used to prepare the FY24 Proposed Budget. Total estimated taxable values before the freeze adjustment are $14 billion dollars. New value added to the tax rolls as of January 1, 2023 totaled $289,823,206 or 2.3%. The valuations on existing property assessed by BCAD increased by 20.3%. The net taxable value estimate reflects an increase of approximately 19.3% over values as of 1/1/2022. No-New Revenue Rate Rate to be charged if there was only new revenue from new valuations (Floor) SPM071723 Minutes Page 5 Property Tax Calculation Mr. Kersten also presented the year over year sales tax changes, which are the Average Sales Tax Growth YoY is 2.18% (Inflation adjusted = Constant Dollar) and the Budget assumes 2.5% over YEE in actual dollars. At 1:50 p.m., the Mayor recessed the Special (Budget) Workshop. The Special (Budget) Workshop reconvened at 2:03 p.m. General Fund – Recurring Expenses Mary Ellen Leonard, Finance Director, gave a summary on turnover rates which is a company replaces employees over time – negative rates are good, and you are then replacing those employees and filling any new positions. Vacancy is roles that are either vacated and not filled or have been added and not filled over time. Types of Compensation: Non-Financial Compensation, Direct Financial Compensation, and Indirect Financial Compensation (Benefits) Monetary Compensation “Buckets”  Public Safety Specific Pay  As in prior years, uniformed public safety employees receive a budget step increase based on experience and position that equates to approximately 1.5-2% above what non-step employees receive.  Cost of Living Adjustment  Assuming 6% (scale) increase for both step and non-step employees across the city  Merit Increase  A pool of recurring funds merit increases for non-step employees.  Longevity / Tenure Pay (Time in Position)  A pool of recurring funds for length of time at the City  Specific Position Adjustments  A pool set aside for specific positions needing market compensation adjustments. General Fund Operating Department Key General Fund Service Level Requests  Police 28%  Fire 23% SPM071723 Minutes Page 6  Public Works 7%  Parks 11%  Planning 5%  Support Services 26% Police – Total Request of (1.3M) for K-9 Officer, Training: Safety Vehicle, Mental Health Solutions, Police Officers & Vehicles (COPS Grants). Fire – Total Request of (270K) for Paramedic Training, which this SLA covers the overtime and training costs and will assist the department’s EMS Response Time. Public Works – Total Request of ($734K) for Reaccreditation (APWA), Traffic Calming, Licensed Irrigation Specialist + Truck, Attenuator Truck, Stolen Sign Replacement Funds and Thermoplastic Markings (maintenance). Parks – Total Request of ($721K) for Master Plan, Cameras at 7 Operation Shops, Veterans Park Cameras, Compact Utility Loader, Turf Field Mower, Debris Blower O7M Cost and Library Circulation. Planning – Total Request of ($218K) for Flood Hazard Assessment, Digitizing Historical Files, City- Initiated Middle Housing, Rezoning Surveying and Advertisement. General Fund Ancillary Departments Key General Fund Service Level Requests  Information Technology 30%  CIP / Facilities Operations 17%  Mayor & Council 4%  Economic Development 6%  Human Resources 7%  Finance and Court 21%  City Manager’s Office 7%  Attorney 4%  Community Services 4% IT - Total Request of ($471K) for Disaster backup and recovery license, 2 Additional Host Servers, and Aerial Imagery. CIP / Facilities Operations – Total Request of ($966K) for Facilities Corrective Maintenance, and Facility Maintenance Technicians w/ Service Trucks. Mayor & Council – Total Request of ($31K) for Food and Beverages, and Community Sponsorships. Community Services – Total Request of ($44K) for Community Development Staff Split Funding with Community Service Administration. Economic Development – Total Request of ($100K) for USA Track and Field Junior Olympics Championships (w/ expected revenue). SPM071723 Minutes Page 7 Human Recourses – Total Request of ($30K) for Employee Recognition / Event Funding. Mary Ellen Leonard, Finance Director, presented an overview of the Grant Fund, which this city match on awarded Grants for FY23 is $516K and city match known so far on applied for Grants is FY24 is $225K. General Fund Five Year Forecast Mary Ellen Leonard, Finance Director, explained that total fund balance at the end of FY24 is anticipated to be $65,822 – divided into 3 sections, which are Assigned ($38K), Required ($22K) and Unassigned ($6K). At the end of FY24 there will be two GASB pronouncements that will need to be implemented (Compensation Absences and Cloud Computing) and we have estimated that $8.5 m will be needed for compensated absences and $1.0M for Cloud Computing Assigned Fund Balance SPM071723 Minutes Page 8 3. Adjournment. There being no further business, Mayor John P. Nichols adjourned the Special (Budget) Meeting of the City Council at 5:34 p.m. on Monday, July 17, 2022. ________________________ John P. Nichols, Mayor ATTEST: ___________________________ Tanya Smith, City Secretary