FY2014 Recommended Budget - City of Surprise

Transportation Improvement Fund
Description
The transportation improvement fund is established to provide for the collection and expenditure of the
dedicated 1.5% local construction transaction tax adopted by the Mayor and Council through ordinance 05-
13. This tax is dedicated for the improvement of existing roadway corridors and the related costs of the
construction of new roadways.
Major Budget Changes
The FY2014 budget increased by 19% from the FY2013 amended budget. Personnel expenditures are
impacted by a 3% increase in the employer contribution for the Arizona State Retirement System and a 2.2%
increase for a cost of living adjustment.
The increases for supplies and services are directly related to the new and ongoing programmed capital
improvement projects.
FY2011 FY2012 FY2013 FY2014 Amended to
Expenditures
By category
Actual Actual Amended Budget Budget
Personnel 29,335 0 117,500 121,800 4%
Supplies 115 0 1,100 1,000 -9%
Services 1,151,942 59,523 2,226,500 2,366,500 6%
Capital 1,584,446 1,239,784 1,800,000 2,552,700 42%
Transfer Out 0 0 0 0 0%
Development Agreemen 274,934 260,003 300,000 260,000 -13%
Total
By department
3,040,772 1,559,309 4,445,100 5,302,000 19%
Community Development 29,516 51,549 300,000 260,000 -13%
Economic Development 0 0 0 0 0%
Finance 245,619 216,271 0 0 0%
General Operations 0 0 0 0 0%
Information Services 0 0 0 0 0%
Public Works 2,765,638 1,291,490 4,145,100 5,042,000 22%
Total 3,040,772 1,559,309 4,445,100 5,302,000 19%
Revenues
By fund source
Local Sales Tax 1,569,724 2,001,197 1,981,400 2,181,800 10%
State Shared 0 0 0 0 0%
Charges for Svcs/Oth 1,126,801 801,943 1,463,300 46,500 -97%
Transfer In 0 0 0 0 0%
Total 2,696,525 2,803,140 3,444,700 2,228,300 -35%
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